Market still in a selling mode

opfdo · 1 Market still in a selling mode Tue Apr 24, 2012 11:20 am

opfdo

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It seems mrkt still in a selling mode. Not foreign selling but domestic selling. You can see that very clearly if you analyse the summary in the equity market page in the cse.lk.

Some firms who have exeeded the limits (credit) up to 70-85 range still selling. Is that the reason?.

What is your idea

Redbulls · 2 Re: Market still in a selling mode Tue Apr 24, 2012 11:24 am

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Welcome back my friend.
Need more from you guys.

manula · 3 Re: Market still in a selling mode Tue Apr 24, 2012 11:31 am

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who is buying on credit these days ???.... very very risky...ne

opfdo · 4 Re: Market still in a selling mode Tue Apr 24, 2012 11:51 am

opfdo

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manula wrote:who is buying on credit these days ???.... very very risky...ne

Some are Manula. But these credits seems little older than we think.

sapumal · 5 Re: Market still in a selling mode Tue Apr 24, 2012 12:13 pm

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My idea is people don't want to buy when dollar is not stable. Foreigners trying to sell shares to stop currency losses. New one don't like to come until dollar get real stable since no one like to put money on highly unstable/depreciating currency. It will take sometime to stabilize the currency market.

opfdo · 6 Re: Market still in a selling mode Tue Apr 24, 2012 1:36 pm

opfdo

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sapumal wrote:My idea is people don't want to buy when dollar is not stable. Foreigners trying to sell shares to stop currency losses. New one don't like to come until dollar get real stable since no one like to put money on highly unstable/depreciating currency. It will take sometime to stabilize the currency market.

Foreigners, are they selling realy these days? They are not selling machan.

For

worthiness · 7 Re: Market still in a selling mode Tue Apr 24, 2012 2:22 pm

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It seems locals cash out their portfolio deferring the reinvestment in equity market. They are aware of there is no signal of strong market sentiments. Also, they are tempted by heavily advertised finance companies which offer high rates.

It says further increase of rates is inevitable to meet the year end growth rate & single digit inflation. Some are trying to hang on & profit taking with sudden jerks.CSE reports indicate that foreigners take this opportunity in their favor collecting good counters with net cash inflow.

it is tricky to say that how long this wait & see policy prevail. Anytime market may boost up for unknown reasons but known by few.

opfdo · 8 Re: Market still in a selling mode Tue Apr 24, 2012 3:16 pm

opfdo

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worthiness wrote:It seems locals cash out their portfolio deferring the reinvestment in equity market. They are aware of there is no signal of strong market sentiments. Also, they are tempted by heavily advertised finance companies which offer high rates.

It says further increase of rates is inevitable to meet the year end growth rate & single digit inflation. Some are trying to hang on & profit taking with sudden jerks.CSE reports indicate that foreigners take this opportunity in their favor collecting good counters with net cash inflow.

it is tricky to say that how long this wait & see policy prevail. Anytime market may boost up for unknown reasons but known by few.

|Very good thinking. Smile

Redbulls · 9 Re: Market still in a selling mode Tue Apr 24, 2012 3:22 pm

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Yes I also agree.
But who are buying?
Stupids or genius?

manula · 10 Re: Market still in a selling mode Tue Apr 24, 2012 4:01 pm

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main thing is black money not coming to the market.. there for no manipulation.. normal investors are moving out of the marekt thinking about different directions ..same way high inflation also can be one point.. cannot hold for a long. EPF selling shares due government required money for the treasuary..Forigners are buying for long term and getting good dividends.

If you have money can keep for long term or day traders will be a genius buyer. with new shares ..buying on credit will be stupid buying ..