Why ASI has come down so drastically?

ALZ_Hussain · 1 Why ASI has come down so drastically? Tue Jun 05, 2018 3:58 pm

ALZ_Hussain

Stock Trader

Posts : 6
Equity Stars : 2405
Reputation : 0
Join date : 2018-05-04
Location : Colombo

During June 2017, ASI has gone up more than 6700 and it was sustained above 6600 for about 3 Months. (May-Aug).
However, it was drastically come down to 6400 June 2018 (huge drop by 300) for the same period.
If anyone comment on it? & Can we expect improvement in coming months?

samaritan · 2 Re: Why ASI has come down so drastically? Tue Jun 05, 2018 6:31 pm

samaritan

Moderator

Posts : 4134
Equity Stars : 9363
Reputation : 188
Join date : 2015-05-16

ALZ_Hussain wrote:During June 2017, ASI has gone up more than 6700 and it was sustained above 6600 for about 3 Months. (May-Aug).
However, it was drastically come down to 6400 June 2018 (huge drop by 300) for the same period.
If anyone comment on it? & Can we expect improvement in coming months?

Don't worry. The Govt may bring in reforms to CSE in order to revive the market soon after party reforms.

soileconomy · 3 Re: Why ASI has come down so drastically? Wed Jun 06, 2018 5:03 am

soileconomy

Senior Vice President - Equity Analytics

Posts : 1509
Equity Stars : 7740
Reputation : 45
Join date : 2011-02-20
Age : 47
Location : Nebraska

plight in CSE is one of the result of this YAMAPALANAYA

TuTanKaman · 4 Re: Why ASI has come down so drastically? Fri Jun 08, 2018 1:47 pm

TuTanKaman

Manager - Equity Analytics

Posts : 115
Equity Stars : 3050
Reputation : 12
Join date : 2017-01-29

ASI heading towards 6000. Can't find what's the values the shares to be bought. 52 week low getting updated every day. Rupee depreciation leading foreigners to exit.

ruwan326 · 5 ASI and foreign EXIT Fri Jun 08, 2018 2:23 pm

ruwan326

Senior Vice President - Equity Analytics

Posts : 2708
Equity Stars : 6292
Reputation : 108
Join date : 2016-09-16
Age : 46

TuTanKaman wrote:ASI heading towards 6000. Can't find what's the values the shares to be bought. 52 week low getting updated every day. Rupee depreciation leading foreigners to exit.

Not like sri lankan foreigners invest for long and medium time period. I don't think this problem due to Rupee depreciation only, with in one month same share is bought in high price and sold @ low price is not because Rupee depreciation at all. With out holding at least for one quarter seems suspicious, one day share price go up and next day down Mad