New month new begining.

nimantha80 · 1 New month new begining. Tue May 31, 2016 6:15 pm

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selling pressure easing.Market will have the next move

Sana · 2 Re: New month new begining. Tue May 31, 2016 7:46 pm

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nimantha80 wrote:selling pressure easing.Market will have the next move

Is it true?

Teller · 3 Re: New month new begining. Tue May 31, 2016 9:17 pm

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Based on history from June onwards market has many more uptrends.
Most of the companies earnings have improved.
Market is strong in fundamentally even technically with 6500 support must touch ASI 7000 levels.
In this regard JKH will do a big role very soon.
JKH subsidiaries have done good profit like CCS ,KHL etc.
There will be a big foreign fund manager to enter JKh ,the discussion is on the way.
In this case JKH may give 200-250 points while some time LIOC may came with a dividend.
GL

EquityChamp · 4 Re: New month new begining. Tue May 31, 2016 9:21 pm

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Market RSI is 50. Market PE is 14x. Neither oversold nor overbought. Majority of the companies reporting huge profit growth while big companies that were expected to perform bad seems to be holding the ground. Interesting state at the moment. Anyone will be surprised if market don't resume its march towards the target of 7000 soon.

Teller · 5 Re: New month new begining. Tue May 31, 2016 10:33 pm

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EC is correct . a market which is having 14x PE is very attractive compare to other world markets. Due to this reason many more foreign funds can attractive to CSE.
Rupee shows a positive sign for appreciation,means good for foreigners.
Suppose MR.David from USA brings 1 USD ,and buy 10 shares 14.50 = Rs.145
Suppose after six months ruppe appreciate 1
USD = 138.50
So if the share price still 14.50 and Mr.David sells @ 14.50 but Mr.David get 4% because of the rupee appreciation .
In this case foreigners will try to buy in coming periods .
Due to changes of new taxes, tourism boom ,FDI, and some donations , increasing of tea,rubber prices ,GSP plus news can make rupee appreciate sooner than later.
GL

Last edited by Teller on Tue May 31, 2016 11:18 pm; edited 1 time in total (Reason for editing : typing error)

fireshelter · 6 Re: New month new begining. Tue May 31, 2016 10:56 pm

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Wasi bo wewa alien

Jaya sri · 7 Re: New month new begining. Tue May 31, 2016 11:09 pm

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fireshelter wrote:Wasi bo wewa

Jaya weva ...jaya sri.........mama nam ada buy kala
Magee danumee hatiyata heta edan market up venna oni

hiransilva23 · 8 Re: New month new begining. Tue May 31, 2016 11:33 pm

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Jaya sri monada buy kale??staf tama etanamai.bt move wenna onane

Jaya sri · 9 Re: New month new begining. Wed Jun 01, 2016 7:43 am

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hiransilva23 wrote:Jaya sri monada buy kale??staf tama etanamai.bt move wenna onane

STAFF need to keep 2 month
Yesterday i bought
CWM
CIND
ACL
GRAN
KAPI

Jaya sri · 10 Re: New month new begining. Thu Jun 02, 2016 10:33 pm

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Jaya sri wrote:

hiransilva23 wrote:Jaya sri monada buy kale??staf tama etanamai.bt move wenna onane

STAFF need to keep 2 month
Yesterday i bought
CWM
CIND
ACL
GRAN
KAPI

GRAN /ACL/CWM podak price up una
Laughing

Kapi 45 level withing 2 week
STAF 54 Level "
Gran 83
Cind 112
Cwm 65
Acl 125
Reef 13
Next week most of company up with good News

worthiness · 11 Re: New month new begining. Thu Jun 02, 2016 11:38 pm

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It is questionable that how soon that rupee get appreciated. High demand for import bills pushing the value further down while export income is astonishingly deteriorating. Many expected the news from oversees lending would support currency appreciation by end of June.
Meantime some are in opinion of US$ rate may go beyond Rs.160/= after few months. However substantial drop in vehicle imports due to tax increase would curb the rapidity of melting down.

Teller · 12 Re: New month new begining. Thu Jun 02, 2016 11:54 pm

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Diversify your holdings, some companies negative can lead some companies to positive.
Stock market represents companies. If companies are doing well, with high profit ,high dividend pay out so why should we afraid?