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ASI up 63 points with 824 Mil TO by 11 a.m. with Crossings of COMB & RHL

+3
Market.Player
econ
smallville
7 posters

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smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Just saw this;
ASI is up 63 points with 824 Mil TO by 11 a.m. with Crossings of COMB & RHL which marked 109 Mil from total..
We normally see the day's TO passing 1 Bil if ASI reached this much..

ASI up 63 points with 824 Mil TO by 11 a.m. with Crossings of COMB & RHL Trades10

And by 11:10 a.m. its gone up to 80 points up just becuz TO increased in following counters significantly??

JKH - 82.8 Mil
HNB - 75.4 Mil
COMB - 68.9 Mil
SFIN - 29.6 Mil
CTHR - 24 Mil
HNB.X - 18.7 Mil

Something to think about..
scratch scratch scratch

econ

econ
Global Moderator

I hate these type of large MPI counters moving up due to large crossings because market get overheated quickly when these large counters going up..
I like to see some penny counters go up because impact to overall market is small.

Market.Player

Market.Player
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Strong counters ACTIVE now. good sign to CSE. GOOD SIGN TO INVESTORS.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Reminds early 2011 and 2010.

1 Billion in about 2 hours.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

econ wrote:I hate these type of large MPI counters moving up due to large crossings because market get overheated quickly when these large counters going up..
I like to see some penny counters go up because impact to overall market is small.

Well look on the other side, people were complaining left and right that penny stocks and junk moved and bluechips and fundamental did not. So I guess this sorts out some fear.

But yes when the big boys move the index moves with them.

RIO

RIO
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock wrote:
econ wrote:I hate these type of large MPI counters moving up due to large crossings because market get overheated quickly when these large counters going up..
I like to see some penny counters go up because impact to overall market is small.

Well look on the other side, people were complaining left and right that penny stocks and junk moved and bluechips and fundamental did not. So I guess this sorts out some fear.

But yes when the big boys move the index moves with them.


We should be happy that presently the MKT is driven by all kinds of stocks...earlier I was more cautious & worried over the manner MKT was driven by only Penny/Junks but since yesterday as I predicted in one of threads if the MKT to sustain these levels the Fundamentals should contribute...now its happening & hopeful of further recovery until the big guys starts the old game.... Very Happy

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock wrote:
Well look on the other side, people were complaining left and right that penny stocks and junk moved and bluechips and fundamental did not. So I guess this sorts out some fear.
Fundamentals going up is a big relief.
But I suspect that people who pushed the junk shares up are now offloading and switching back to fundamentals.
This was clearly visible in the past. Fundamentals will continue to rise & junks will nose dive during next couple of days.
By the way, I'm not blaming to any body because I see that as a very good strategy.
There are some blue chips which follows a step function.
I thinks those are the shares we should concentrate at this stage.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Who can be the RHL buyer (if its not an internal transfer)?
Government or Foreign fund, DIST or someone else?

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