1,325,000@380 = 503,500,000
875,000@380 = 332,500,000
836,000,000
To days turnover 1,259,492,590
And if not for the heyleys transfer the turnover would have being 423,492,590
Imagine how low it would have been
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Rapaport wrote:During the war times this would have been a decent turnover. A billion rupee turnover would hit headlines just 2-3 years ago. It so happen once that turnover was around 25 million oneday (if im not mistaken) during the height of war! Indices barely moved either side and portfolio's kept dropping everyday. Thereafter followed a Bull which took market from 7X to 28X within less than two years and turnover went up significantly. ASI raced from 1500 to 7800 levels. Turnover averaged over 2 billion easily with major volume increase and investor participation. Now CSE trades at 16.2X trailing and people have left.
Similar things happened in 2002 when ASPI went from 400 level to 3000 level in 2007. deleted came to power and peace deal was struck. From Feb 2007 to Dec 2008 market dropped 50% from 3000 to 1540 level. War and politics drove the market many times. Just thought of sharing this for the new comers
Seems like those dull market days... But no idea what will follow and how it will happen.
For a sustained bull phase we need a market moving news or situation. In my opinion that would be revival of the global economy and increased FDI for Sri Lanka with narrowing of the budget deficit. Nothing majorly can happen in the political front since war and elections are over and we have a stable government.
You wont know whether you are in Bull or Bear phase until you are in the middle of it. Emotions play a major role!
Cheers!
Rapaport wrote:
For a sustained bull phase we need a market moving news or situation. In my opinion that would be revival of the global economy and increased FDI for Sri Lanka with narrowing of the budget deficit. Nothing majorly can happen in the political front since war and elections are over and we have a stable government.
You wont know whether you are in Bull or Bear phase until you are in the middle of it. Emotions play a major role!
Cheers!
6 th is true. Every1 s finding the other reason. Dont worry mkt wont wake up this month. It may be January...wiki wrote:Rapaport wrote:
For a sustained bull phase we need a market moving news or situation. In my opinion that would be revival of the global economy and increased FDI for Sri Lanka with narrowing of the budget deficit. Nothing majorly can happen in the political front since war and elections are over and we have a stable government.
You wont know whether you are in Bull or Bear phase until you are in the middle of it. Emotions play a major role!
Cheers!
According to some this is a market correction. with this correction market PE will come down to attractive level. So then market will start moving with return of investors (Big).
But some says this is due to pure absence of HNWIs, they cant stay away from the market for a long time. so with return of them will revive the market.
these may be partly true
But the big question is ....What will be the most effective market moving news or situation....
1.Resignation of a regulator ??
2.Allowing credit without considering liquid capital of brokering firms ??
3.cessation of investigation against some big players ??
4.Giving some relief from budget (reduction of tax or reducing broker commission) for investors and presenting business friendly budget ...
5.Dragging more people to CSE from remote areas by conducting educational (promotive) sessions (even at Nikaweratiya) and say these retailers has ruined the entire market and now we have to impose rules to protect them....
6.Allowing market (manipulating) to drop further until it reach a PE which is more attractive than other Frontier Markets. So we can say after some time that there is net foreign inflow of this much bla, bla , bla...
WildBear wrote:Rapaport wrote:During the war times this would have been a decent turnover. A billion rupee turnover would hit headlines just 2-3 years ago. It so happen once that turnover was around 25 million oneday (if im not mistaken) during the height of war! Indices barely moved either side and portfolio's kept dropping everyday. Thereafter followed a Bull which took market from 7X to 28X within less than two years and turnover went up significantly. ASI raced from 1500 to 7800 levels. Turnover averaged over 2 billion easily with major volume increase and investor participation. Now CSE trades at 16.2X trailing and people have left.
Similar things happened in 2002 when ASPI went from 400 level to 3000 level in 2007. deleted came to power and peace deal was struck. From Feb 2007 to Dec 2008 market dropped 50% from 3000 to 1540 level. War and politics drove the market many times. Just thought of sharing this for the new comers
Seems like those dull market days... But no idea what will follow and how it will happen.
For a sustained bull phase we need a market moving news or situation. In my opinion that would be revival of the global economy and increased FDI for Sri Lanka with narrowing of the budget deficit. Nothing majorly can happen in the political front since war and elections are over and we have a stable government.
You wont know whether you are in Bull or Bear phase until you are in the middle of it. Emotions play a major role!
Cheers!
Those days counters drop significantly even during holiday period, such as April, December, and when there's a bomb blast too. We saw sudden bud transient jump in market when we hear a story like Army Captured a LTTE stronghold !!!!
FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » If not for Heyleys 2.2M Transfer todays turnover.........
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