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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » If not for Heyleys 2.2M Transfer todays turnover.........

If not for Heyleys 2.2M Transfer todays turnover.........

+3
Rapaport
AAABoy
Leo
7 posters

Go down  Message [Page 1 of 1]

Leo

Leo
Manager - Equity Analytics
Manager - Equity Analytics

The value of heyleys transfer happened today is
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

AAABoy

AAABoy
Moderator
Moderator

yes the turnover level is much low.but if see at todays last 30min trading pattern you'll see there was a big interest of buying shares with the rumour of management change of SEC.and there was a foriegn inflow of Rs. 40Mn..so can't this be a turning point? Very Happy

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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... Neutral But no idea what will follow and how it will happen. Cool
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!

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Market is trying to find direction. One good thing is we donot see massive volumes disposed at bargain prices.

Signs of some consolidation. Bit early to predict but lets see.

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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... Neutral But no idea what will follow and how it will happen. Cool
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 !!!!

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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...

Cool Cool

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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...

Cool Cool

6 th is true. Every1 s finding the other reason. Dont worry mkt wont wake up this month. It may be January...

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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... Neutral But no idea what will follow and how it will happen. Cool
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 !!!!

Yes very true. But my point was to say that market works like a cycle and varying patterns. So i was quoting examples and reasons for rise and drops may differ.

Cheers!

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