FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Commercial Bank PLC: Impact of Bangladesh Crisis
by God Father Yesterday at 10:39 pm

» Colombo Stock Market: 2024 Prediction
by ChooBoy Yesterday at 7:13 pm

» Post-election winners.
by Biggy Yesterday at 6:30 pm

» ශ්‍රී ලංකාව: කොටස් වෙළඳපොළ විශ්ලේෂණය - 2024 සැප්තැම්බර්
by ChooBoy Yesterday at 5:10 pm

» LTL Holdings Limited IPO: Devil in Disguise
by Quibit Yesterday at 2:26 pm

» PickMe: Serious Legal Snags ahead of IPO Opening!
by agentnrox Yesterday at 10:43 am

» LVL Energy Fund worth to look into counter cheapest share under utilities sector
by Dasun Maduwantha Sat Sep 07, 2024 2:37 pm

» AI Answer to my Question on Present Stock Market
by Rare Sat Sep 07, 2024 7:12 am

» Stock Market Collapse: Madness or Adjustment?
by Rare Thu Sep 05, 2024 11:47 am

» Impact of Elections on Colombo Stock Market Sentiment
by Rare Tue Sep 03, 2024 1:17 pm

» Colombo Stock Market: Where are we heading?
by Rare Mon Sep 02, 2024 1:53 pm

» HNB Bank emerged as the Best Overall Bank for 1H 2024
by Quibit Tue Aug 20, 2024 7:38 pm

» John Keells Holdings PLC share is worth LKR 17/= after Rights Issue and Sub-Division of shares
by Quibit Fri Aug 16, 2024 6:18 pm

» Will we see a post-election rally?
by Rare Fri Aug 16, 2024 2:32 pm

» ජෝන් කීල්ස් හෝල්ඩින්ස් (JKH) කොටසක මිල රු 17/= බැසීමට නියමිතයි!
by ChooBoy Fri Aug 02, 2024 10:20 am

» Ceylon Cold Stores PLC Net Profit Increased by 265%, in 1Q 2024,
by DeepFreakingValue Mon Jul 29, 2024 10:47 pm

» ඉදිරි ජනාධිපතිවරණයේදී රනිල් වික්‍රමසිංහ පරාජය කරන්නේ කෙසේද? කෘතිම බුද්ධිය (AI) ප්‍රතිචාරය:
by D.G.Dayaratne Mon Jul 29, 2024 10:26 am

» Why Investors should stay away from Maharaja Foods PLC
by DeepFreakingValue Mon Jul 29, 2024 5:36 am

» Wire & Cable Sector Analysis
by God Father Sat Jul 27, 2024 5:44 pm

» Banking Sector Analysis
by Value Pick Thu Jul 25, 2024 9:24 pm

» Japanese Gratitude to Sri Lanka (日本の感謝)
by God Father Thu Jul 25, 2024 12:13 am

» Maharaja Foods PLC (MFL) - IPO Analysis
by ChooBoy Mon Jul 22, 2024 12:27 am

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Fri Jul 19, 2024 11:53 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

ASI negative for the first time compared to last year

5 posters

Go down  Message [Page 1 of 1]

Maximin

Maximin
Equity Analytic
Equity Analytic

ASI is now negative for the first time compare with the first trading day (3rd January 2011) of the year. The ASI was 6657 on that day. And after that for the first time, Now ASI has gone to 6641. So for this year we have a negative growth in ASI.

ASI negative for the first time compared to last year Asi10

mrmrehan

mrmrehan
Equity Analytic
Equity Analytic

Because of more new IPO’s

raa


Manager - Equity Analytics
Manager - Equity Analytics

Year is not over... I'm still holding on to the hope that there will in fact be a rally or a run closer to the end of the year. Maybe end August...

Some stocks that I look at have stopped declining in price.

SPEN has been going down from 200 - 135 and now is fluctuating are 140 where many big buys and crossings have taken place.

The same can be said about AHUN, which has fallen from 100 to 75 where a lot of big trades and crossings have taken place.

SEYB seems to have stopped falling drastically. As I've mentioned before, I suspected that this was due to some major rights collection by the big players and I THINK i'm right. Out of the 40m rights issued for voting, BROWNS and LOLC have purchased 16mn between them (thats 8mn allotted and 8mn additional), Dr. Senthilverl has purchased his 4mn, and there is a new investor who has collected 10mn. That's 30mn out of the 40mn rights accounted for at a purchase price of 75 and over. My money is that the same thing is happening to HNB.

I don't think BROWNS will fall below 280 or 290... if it does, it will quickly be collected back up.

DIST hasn't lost a lot of value since everything started falling... seems to be steady

TOKYO.X has hardly lost a lot of ground comparatively... early 40s to 38 whereas it was less than 30 last July.

LFIN and RCL have maintained price (we know why)

SAMP seems to have stopped depreciating around 230's.

COMB.X hasn't lost too much ground.

These are SOME of the stocks that I've watched and noticed...there are obviously a lot of stocks that are still in decline but my point is, that I'm starting to make out certain price floors for certain shares whereas everything was free falling and uncertain a few weeks/months ago.

...on the other hand, i could be terribly wrong about everything. These are just my opinions and it is important to note that nobody generally takes me seriously, so I wouldn't take anything I've said to heart. Razz

hunter

hunter
Moderator
Moderator

My estimation:
6000 in end August could be the turning point.

raa


Manager - Equity Analytics
Manager - Equity Analytics

wow, your the second person to tell me that in 20 mins, unless your the same person i just spoke to...hmm!!

No chance!! that's to say that the ASI will have to fall 99 points per day till end of August... that's a 1.5% fall tomorrow all the way to a 1.6% fall on the 31st of August. Given that some of the counters are already nearing prices when the ASI was at 5500 points, I find it hard to see the market fall that much further.

A prolonged period of stagnation is a more likely scenario at 6400 or 6500. Its all these new companies entering the market that is distorting everything. They should really slow down this pace of new firms entering the market as it is clearly quite unsettling.

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

At least NOW SEC must take some action to control the IPOs and RIGHTS issues. Otherwise market will crash very soon. Majority will exit(already started) Never able to attract FD for capital market or for projects. Bad image on Stock market will cause for reducing ability to borrow credit(for the country).This would effect the entire economy.Therefore GOVT should consider this as a serious drawback and take all necessary remedial steps to rebuild the confidence.

hunter

hunter
Moderator
Moderator

raa,

You never spoke to me!
I never told that to anyone.

Anyway we will know in 6 weeks time. I wish I were wrong.

raa


Manager - Equity Analytics
Manager - Equity Analytics

Hunter, looks like you might be right Razz ...

hunter

hunter
Moderator
Moderator

raa, no it looks like I am wrong.
It could be the beginning of August rather than end.

raa


Manager - Equity Analytics
Manager - Equity Analytics

Its funny how for the longest time,the market is always green in the mornings and gets miserable towards the end,

Now, its red in the morning and recovers later...

A transition from Sellers market to Buyers market ?

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum