Guys, I don't see any reason for investing our money in the CSE. I entered to this market at the beginning of the year and now my overall lost is around 20% for this year. Few days ago I saw someone stated that CSE is the only Asian market with rising price indexes for month of September with compared to the last year. But day-by-day our lost is increasing slightly.
I am also really fed up with this down trend.
You are good. You lost about 20%.
I have already lost about 30-40% of my portfolio.
I have invested an all so called “fundamentally strong” shares such as BFL,SAMP, LOLC,GRAN,DFCC ,RICH,NTB,MBSL,KGAL,MAL&CFLB..etc.
But they all sink day by day.
I do not know what the authorities are doing.
In recent “Prathilabha” program , I watch one big shot flattered that from 30thsep 2010 to 30thsep2011 CSE shown a significant improvement and CSE is the best in Asian stock market.
But reality is:
Symbol Date Open High Low Closed
ASI 9/30/2010 6929.9 7015.67 6929.9 6997.22
ASI 9/30/2011 6748.1 6792.99 6748.1 6783.55
(Above figures were taken from DirectFN)
I am really worried about the future of Colombo stock market and money that we have already invested there , with authorities of such nature who are not reluctant to tell fabricated stories for the sake of safe guarding their positions.