December Quarter Earnings highest in the history of CSE!

samaritan

samaritan

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December Quarter Earnings highest in the history of CSE! 127518-126478

Combined value of Rs. 85 billion [b]is highest quarterly earnings in the history of CSE[/b]
Growth continued beyond pent-up demand in 3Q of 2020 up 15.6% QoQ
Multiple based valuations down as earnings soared 33% YoY

Listed corporates combined have posted their best earnings ever of Rs. 85 billion in the quarter ended on 31 December 2020, setting a new record despite COVID-19 linked challenges.

Softlogic Stockbrokers, which analysed the earnings, said yesterday that the combined figure reflected a 33.3% increase year-on-year (YoY) and it was the best ever in the Colombo Stock Exchange.

http://www.ft.lk/front-page/Listed-corporates-post-best-earnings-ever-in-Dec-quarter/44-714521?fbclid=IwAR2rKMATRmBmEYQmDMwTB5-4l7Srbl1JHgSuhgCzbYbjpD-ZpW6hTsoOCNk

Wed Mar 10, 2021 12:24 pm by Mr. X · Wed Mar 10, 2021 12:24 pm by Mr. X

and the market is not moving upwards.....

Wed Mar 10, 2021 1:52 pm by **samaritan** · Wed Mar 10, 2021 1:52 pm by **samaritan**

Mr. X wrote:and the market is not moving upwards.....

Inconsistent policies can cause wreck and that's what we are witnessing.

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Wed Mar 10, 2021 5:28 pm by **samaritan** · Wed Mar 10, 2021 5:28 pm by **samaritan**

samaritan wrote:

Mr. X wrote:and the market is not moving upwards.....

Inconsistent policies can cause wreck and that's what we are witnessing.

There have been various false rumours spread in relation to govt policies and based on that some resorted to selling. In my view the market is expected to bounce back on friday onwards.

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