MeshLk wrote:Practically and sentimentally, little. The rise of the market indices is very local. The performance of companies will have little impact, if any.Mr. Wayne wrote:MeshLk wrote:Think we'll have a few red days, here are there. But short-mid term prospects are pretty good - given limited spending and/or investment opportunities with reasonable returns due to nature and government policies
* less luxury travel due to COVID (within and outside SL),
* limited imports (especially vehicles - which used to be an investment for some!)
* very low interest rate offered for FD by FIs
* bloated land prices and low rentals (nearly 25% less than 2019, personal experience as both a lessor and lessee) with less rental opportunities (can judge by looking at number of FOR RENT notices on the sides of main roads)
* high construction cost (limited material and labor due to import restrictions and COVID)
Stock market will likely offer the best investment opportunity for the short-medium terms. Long-term will depend on how we make it through.
Don't rush behind sentiment stocks that are rising simply on rumors. At least look at NAV and EPS and historical Dividend payments. There are good counters that will give you more than current FD rate in dividend easily and perhaps decent capital gain too.
Just my opinion.
Do you think Human rights issue / ECT terminal issue may have some role to play in investor sentiment?
Think this is an over-simplification. The market did not drop because of some credit issues.
Lots of negative investor sentiment now. Many countries, apart from China, would now be thinking twice before investing here. That is not a good sign.