What will happen tomorrow?

black money

RCL

MGT, LWL

CSF

a buyer collecting CSF n placing significant orders last few days.lets see!

 expect green day

Here's my take; Tomorrow the market (CSE) in general and few shares in particular will rise substantially and I will book handsome profits - Tax Free. The consequences of the handouts announced today is positive in the short term but will be evident about one year from now in terms of higher budget deficits, higher inflation and interest rates and pressure on the rupee to depreciate further. People need relief but unfortunately, we can not afford them. Repayment of Debt already borrowed (and spent/invested) from external sources are coming due next year on wards exerting huge pressure on government revenue leaving little left to do anything other than repaying debt. Hopefully, able technocrats in the government/Treasury and the CB have a game plan. I fail to see anyway out without pain in the short and medium term for the general public.

SLs quantum of Debt (approx 85%of GDP) is not huge or un-manageble in relative terms considering the debt levels many other developing countries with fairly high (4-5%) growth rates. However, our Government Tax Revenue is relatively low and deficit high precisely because of handouts, welfare programs and relief given to people as well as weaknesses in appropriate Tax targeting and poor collection of direct Taxes. So how do we solve the Debt issue if we don't have enough revenue or income to service our debt or meet our debt obligations and our stated policy is not to sell state assets proceeds of which can be used to reduce the quantum of outstanding Debt? Again, I fail to see the answer other than keep borrowing more to repay the old Debt. A classic Debt trap scenario. God forbid if the international rating agencies were to downgrade our sovereign debt rating!!

The government must come up with a strategy to tackle the twin evils of Budget Deficit and the Trade Deficit. Easier said than done. Certainly can not be done overnight. This President often talks about the importance of Discipline and rightly so. I'd put fiscal discipline above all other forms of Discipline. We can never be a strong and independent nation without our finances being in order.

I like to hear any contrarian views. I am planning my investments based on the above scenario. Compliments of the  Season and Good luck to you all.

When u have a person who "Walk the Talk", There is nothing to fear about the economy. They have modern exposure while living in US unlike MR. So all the good news except very few negatives such as people may not get a 5-star democracy. In a way Full blown democracy is not suitable for developing world..When economy is up and steady, many other issues will desappear... even north / east issues...

 over  next election coming soon collect now for new year

Collect what 

 Good Counters

Mention some

Nothing will happen. LOL its holidays 

KavinduTM wrote:Nothing will happen. LOL its holidays 

Foreign investor interest is back in Sri Lanka and last week’s mega deal worth Rs. 22.7 billion on premier blue chip John Keells Holdings (JKH) is being flagged off as a big boost.

Several foreign investors were keen on buying into JKH though the 10.7% stake was snapped up by Citigroup Global Markets Ltd.

She opined that the Colombo stock market had been oversold and valuations are attractive going forward.

“I believe foreign investor interest will gather momentum post General Elections. Post Presidential Poll, signs have been encouraging,” Page added.

http://www.ft.lk/top-story/Foreign-interest-is-back-Rs-22-7-b-JKH-deal-big-boost-Marianne-Page/26-693410

What happen to market? Where are the promoter? Foreigners out. Economy mess policy and investment?

yes, my portfolio is mostly red too. this will continue till general election. government is going to give 100000 jobs to O/L failed for RS 22500 per month in training period. with tax reduction and everything, government will have to print lots of money.

Guys , if you are in profit Encash it. I was continue to tell this last two months. This market doesnt have wings. An experience and advanced investors only can see it

Junior investor wrote:yes, my portfolio is mostly red too. this will continue till general election. government is going to give 100000 jobs to O/L failed for RS 22500 per month  in training period. with tax reduction and everything, government will have to print lots of money.

If you sold everything,then stay in dubai without telling stupid things.  

Teller. Be careful in Dubai. Many ISIS operatives active.

Is he ghost of N.P

Junior investor wrote:yes, my portfolio is mostly red too. this will continue till general election. government is going to give 100000 jobs to O/L failed for RS 22500 per month  in training period. with tax reduction and everything, government will have to print lots of money.

Yes some good things then crazy things..  +++++ ---------
Ultimately net result zero...

May be teller will be proved right again.. Market will struggle without foreign and / or large Institutional Investors. They wont come when basics are not right.....

NANDANA2012 wrote:

Junior investor wrote:yes, my portfolio is mostly red too. this will continue till general election. government is going to give 100000 jobs to O/L failed for RS 22500 per month  in training period. with tax reduction and everything, government will have to print lots of money.

Yes some good things then crazy things..  +++++ ---------
Ultimately net result zero...

May be teller will be proved right again.. Market will struggle without foreign and / or large Institutional Investors. They wont come when basics are not right.....

Haha i see you are so disappointed about that 100K job case. My opinion gov is gonna use that man power with a good plan. They targeted unemployed OL failed people.

I don't think GR will take such a huge loss just to decrease the unemployment rate or just to make happy some special group. There is a plan.

KavinduTM wrote:

NANDANA2012 wrote:

Junior investor wrote:yes, my portfolio is mostly red too. this will continue till general election. government is going to give 100000 jobs to O/L failed for RS 22500 per month  in training period. with tax reduction and everything, government will have to print lots of money.

Yes some good things then crazy things..  +++++ ---------
Ultimately net result zero...

May be teller will be proved right again.. Market will struggle without foreign and / or large Institutional Investors. They wont come when basics are not right.....

Haha i see you are so disappointed about that 100K job case. My opinion gov is gonna use that man power with a good plan. They targeted unemployed OL failed people.

I don't think GR will take such a huge loss just to decrease the unemployment rate or just to make happy some special group. There is a plan.

Mmmmmm... Lets see.. Sometimes even Sakvithi cant rescue when basics are upset..These people would have been given hired to Private sector after training..

Also there are some other bad decisions.. Govt loosing support, but will manage to get a majority...

NANDANA2012 wrote:

KavinduTM wrote:

NANDANA2012 wrote:

Junior investor wrote:yes, my portfolio is mostly red too. this will continue till general election. government is going to give 100000 jobs to O/L failed for RS 22500 per month  in training period. with tax reduction and everything, government will have to print lots of money.

Yes some good things then crazy things..  +++++ ---------
Ultimately net result zero...

May be teller will be proved right again.. Market will struggle without foreign and / or large Institutional Investors. They wont come when basics are not right.....

Haha i see you are so disappointed about that 100K job case. My opinion gov is gonna use that man power with a good plan. They targeted unemployed OL failed people.

I don't think GR will take such a huge loss just to decrease the unemployment rate or just to make happy some special group. There is a plan.

Mmmmmm... Lets see.. Sometimes even Sakvithi cant rescue when basics are upset..These people would have been given hired to Private sector after training..

Also there are some other bad decisions.. Govt loosing support, but will manage to get a majority...

Yeah basics are being corrected.

61 points up (closing 51)  and 1.1 billion turnover. Commercial bank foreign selling still going.
Across the board gains which is a good sign. 
Happy trading tomorrow!

Commercial bank may come down to 84

Teller follow the forign sales.