Will the market rise next week?

dilshan · 1 Will the market rise next week? Thu May 10, 2012 4:49 am

dilshan

Senior Equity Analytic

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Hi,

The market rapidly going down and will it ever come up next week at least 1%?

Any idea or forecasting please.

udeash · 2 Re: Will the market rise next week? Thu May 10, 2012 5:18 am

udeash

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Market will go up after 17 th.Because of Guru maruwa after 12 Years/

aj · 3 Re: Will the market rise next week? Thu May 10, 2012 5:24 am

aj

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Isn't the share price has to go up by around 2.5% to at least to recover the broker charges.

worthiness · 4 Re: Will the market rise next week? Thu May 10, 2012 6:01 am

worthiness

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Analysts view is the market is set for medium & long term players with quality counters. This is the general view given & what we have been hearing over the past years.

Anytime anything might come up such as TFC deal hit in last week passing the benefits to rich people only. It seems locals' confidence on market conditions is rapidly going down after this deal. Surprisingly foreigners collect considerably at deep discounted prices expecting sudden gains near future.

Increased cost of living, higher interest rates, uncertainty & overnight new pricing on consumable goods keep away the most of investors like us.

Some may believe in astrology anticipating the market will boom after 17th. Even adverse astrological effects can be made as favorable by the richest community.