Why it is coming down??

K7 wrote:RPPA; any idea please.

RPPA wrote:

K7 wrote:RPPA; any idea please.

I stated in several posts that there will be a market correction around the corner. But this drop is temporary one & most probably market will move upwards again.

RPPA wrote:Interest rates will not move to 15%. That will never happen. But there may by fluctuations of maximum 1% OR 1.50% upwards in the short term. But quickly it will push downwards again. Specially when the fuel bill is reduced by 50% in cost terms. Therefor less pressure on exchange rates as well.

ccsentha wrote:

RPPA wrote:Interest rates will not move to 15%. That will never happen. But there may by fluctuations of maximum 1% OR 1.50% upwards in the short term. But quickly it will push downwards again. Specially when the fuel bill is reduced by 50% in cost terms. Therefor less pressure on exchange rates as well.

fuel bill to be reduced by 50%?

RPPA wrote:Interest rates will not move to 15%. That will never happen. But there may by fluctuations of maximum 1% OR 1.50% upwards in the short term. But quickly it will push downwards again. Specially when the fuel bill is reduced by 50% in cost terms. Therefor less pressure on exchange rates as well.

RPPA wrote:

ccsentha wrote:

RPPA wrote:Interest rates will not move to 15%. That will never happen. But there may by fluctuations of maximum 1% OR 1.50% upwards in the short term. But quickly it will push downwards again. Specially when the fuel bill is reduced by 50% in cost terms. Therefor less pressure on exchange rates as well.

fuel bill to be reduced by 50%?

Yes. Our our fuel import bill should reduce by 50% due to the prevailing market prices.

nalban wrote:More troubles to come with this political uncertainty with 3 main parties forming due to SLFP split.
UNP is becoming nervous due to Chandrika forming a SLFP now.
I had no option but to sell 90% of my portfolio in the morning with good gains.
This is the stability issue I predicted many times in this forum. Anyway it is early days. let us hope for the best.  Die hard MY3 supporters need to come and console worried now.

Quibit wrote:

RPPA wrote:

ccsentha wrote:

RPPA wrote:Interest rates will not move to 15%. That will never happen. But there may by fluctuations of maximum 1% OR 1.50% upwards in the short term. But quickly it will push downwards again. Specially when the fuel bill is reduced by 50% in cost terms. Therefor less pressure on exchange rates as well.

fuel bill to be reduced by 50%?

Yes. Our our fuel import bill should reduce by 50% due to the prevailing market prices.

I guess you are optimistic and too bullish. How sure are you of 50% reduction of fuel bills?

Quibit wrote:

RPPA wrote:

ccsentha wrote:

RPPA wrote:Interest rates will not move to 15%. That will never happen. But there may by fluctuations of maximum 1% OR 1.50% upwards in the short term. But quickly it will push downwards again. Specially when the fuel bill is reduced by 50% in cost terms. Therefor less pressure on exchange rates as well.

fuel bill to be reduced by 50%?

Yes. Our our fuel import bill should reduce by 50% due to the prevailing market prices.

I guess you are optimistic and too bullish. How sure are you of 50% reduction of fuel bills?

RPPA wrote:Interest rates will not move to 15%. That will never happen. But there may by fluctuations of maximum 1% OR 1.50% upwards in the short term. But quickly it will push downwards again. Specially when the fuel bill is reduced by 50% in cost terms. Therefor less pressure on exchange rates as well.

worthiness wrote:So called opportunists attempt to highlight the cause for the market down trend today, as negative effects emerged from new presidential status. Perhaps, it may be the indecorous behaviour of certain group of manipulators who support former regime, to impair the popularity of newly elected parties.

Unfortunately, they are still not capable of realising the validity of superior choice of people.
Most likely, as a result of continuous uppish movement in past weeks, market is exposed to the balancing of overbought situation or technically called market correction. This is observable after few days of trading, when support levels are reached. It is further said that Western investors are eyeing on our capital market, as they feel more comfortable with current regime, hopefully flowing a considerable amount of foreign direct investment.