Sri Lanka: Banking Sector Share Performance

God Father

God Father

Senior Manager - Equity Analytics

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Sri Lanka: Banking Sector Share Performance Scree431

All Sri Lanka Banking Sector Share Prices have crashed since September 2023 whilst Seylan Bank, DFCC Bank and Union Bank have lost more than 10% of its market capitalization. According to market analyst, Sri Lanka Banking Sector share prices are expected fall further.

Significant Loss of Shareholder Value

Sri Lanka: Banking Sector Share Performance Scree434

Banking sector has lost more than LKR 23 billion in market capitalization within last 100 days. During the period HNB Bank and DFCC Bank have collectively lost more than LKR 10 billion of its shareholders value.

Banking Sector: Technical Analysis

Sri Lanka: Banking Sector Share Performance Scree433

According to latest Technical Analysis of the Banking Sector, continued downtrend is witnessed until 31st March 2024.

Read More: https://www.srilankachronicle.com/t63155-sri-lanka-banking-soundness-index-bsi-remains-below-100

Last edited by God Father on Sun Jan 21, 2024 1:53 pm; edited 7 times in total

Sun Jan 21, 2024 11:16 am by **ResearchMan** · Sun Jan 21, 2024 11:16 am by **ResearchMan**

In between intelligent players picked:

SeybX Rs.16
Samp Rs.45
DFCC Rs.50
NTB Rs.60
PABC Rs.12
COMB Rs.50
HNB Rs.70

Can’t complain. Over 80% to 100% gain. Need to monitor how far pull back will go. 2^nd chance is coming for those who missed.

If they reach above level demand will come.Higly unlikely.

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