Reason for the downturn

Navin · 1 Reason for the downturn Thu May 05, 2011 11:02 am

Navin

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The reason is too much government involvement in the
market. On the one hand there is the regulator trying to stifle the
momentum by creating a credit crunch
and the government in its part trying to be a player in the
corporate board room. This has scared away lot of investors including the
foreigners.

wikum100 · 2 Re: Reason for the downturn Thu May 05, 2011 5:44 pm

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Navin wrote:The reason is too much government involvement in the
market. On the one hand there is the regulator trying to stifle the
momentum by creating a credit crunch
and the government in its part trying to be a player in the
corporate board room. This has scared away lot of investors including the
foreigners.

so so what happened today then?? Shocked

Navin · 3 Re: Reason for the downturn Thu May 05, 2011 6:06 pm

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Yes good day at the CSE. However, the shares rose on a thin turnover.

Fresher · 4 Re: Reason for the downturn Thu May 05, 2011 9:53 pm

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Navin wrote:Yes good day at the CSE. However, the shares rose on a thin turnover.

1.6 bil is 'thin'?

Navin · 5 Re: Reason for the downturn Fri May 06, 2011 9:15 am

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The total turnover was LKR1,629.6 mn (USD14,846.9 k) vs. 12-months average daily turnover of LKR 2,867.6 mn (USD26,125.6 k) whilst the volume traded for the day was 46,656.3k against the 12-months average daily volume of 92,350k.

Fresher · 6 Re: Reason for the downturn Fri May 06, 2011 7:24 pm

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well. i think compared to the turnover of the past few days (excluding the cars group tradings), it still might be low but not 'thin' Smile

Antonym · 7 Re: Reason for the downturn Fri May 06, 2011 7:28 pm

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npp wrote:well. i think compared to the turnover of the past few days (excluding the cars group tradings), it still might be low but not 'thin'

And the different between low turnover and thin turnover is...?

Fresher · 8 Re: Reason for the downturn Fri May 06, 2011 7:38 pm

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Antonym wrote:

npp wrote:well. i think compared to the turnover of the past few days (excluding the cars group tradings), it still might be low but not 'thin'

And the different between low turnover and thin turnover is...?

yea it is subjective. but i do agree that it was low or thin to that matter