FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Today at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Today at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Stocks falls sharply, but closes positive

3 posters

Go down  Message [Page 1 of 1]

1Stocks falls sharply, but closes positive Empty Stocks falls sharply, but closes positive Mon Jun 18, 2012 11:14 pm

CSE.SAS

CSE.SAS
Global Moderator

The Colombo bourse closed in positive territory for the eight consecutive day after falling sharply in morning trades on Monday (18).

The All Share Price Index closed at 4,998.10 points, 0.14 percent higher from the previous close, up 6.89 points. The index touched above the 5,000 mark in the morning before falling sharply to less than 4,950 points before the gradual recovery.

The Milanka Price Index of more liquid stocks closed 0.27 percent higher, up 12.07 points at 4,462.05.

Turnover reached Rs. 295.47 million on a volume of little over 23.3 million shares with losers out numbering gainers 110 to 86.

"Markets opened on an optimistic note but erased its gains and were trading in the red by the afternoon as profit booking dragged the indices lower, however the indices recovered during the end of the session," said Bartleet Religare Securities’ Technical Analyst Gaurav Kumar Sharma.

"The markets seesawed within a range of 5,009 and 4,938 during the day amid low volumes. Markets have seen a rally for the last seven trading days and Monday seemed to be a profit booking day. It seems that the short term trend for the markets has turned bullish although there will be corrections in the markets and any dips around 4,850 – 4,900 levels can be used as buying opportunity," he said.

The bourse saw a net foreign inflow amounting to Rs. 6.96 million.

"Fourteen counters of the 25 in the Milanka Calibre gained for the day with DFCC Bank and Hatton National Bankbeing the main contributors to divert the MPI to move up. Investor play continued in the index heavy Carsons Cumberbatch leading it to spearhead the day’s turnover with a 6.3% contribution. The counter dipped -0.02% closing at LKR466.90. Friday’s speculative play continued in HVA Foods, Lanka Hospitals, Panasian Power and Environmental Resource Investments.Poultry players emerged on the top of the trading screen as retailers sought on Grain Elevators and Three Acre Farms. Following Thursdays on board trades on Asian Hotels and Properties, many more such trades were visible as a total of c181k shares were taken up on 4 trades at LKR71.50," Arrenga Capital Research said.

"Renewed investor hunt was visible in Richard Peiris and Company as many large scale on board transactions took place in the counter. A total of 5 trades gathered c947k shares at LKR6.50. Similarly Free Lanka Capital Holdings too registered off market deals totalling c1.116 mn shares at LKR1.60 and LKR1.70 during the early trading hours," it said.

"Royal Ceramics amongst Arrenga’s hot stock list renewed its 52 week low at LKR90.00 elevating it to an ever more attractive valuation platform at 3.97 FY13E.Commercial Bank (Voting and Non-Voting) still on attractive valuations continued to witness significant buying interest as the counter recorded a 50k parcel changing hands at LKR100.90 on board.

Ramboda Falls which commenced trading via introduction touched a high of LKR 35.00 (250%) before it closed with a 141% gain at LKR24.10."
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=54756

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

"It seems that the short term trend for the markets has turned bullish, although there will be corrections in the markets... Any dips around 4,850 – 4,900 levels can be used as buying opportunity."
- Bartleet Religare Securities’ Technical Analyst Gaurav Kumar Sharma

That's the most important line.
If you want to survive and thrive, avoid panic buying and panic selling. There will be green days and red days. Wait for the pullbacks...
Never forget the basic rule: Buy low, sell high.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Antonym wrote:"It seems that the short term trend for the markets has turned bullish, although there will be corrections in the markets... Any dips around 4,850 – 4,900 levels can be used as buying opportunity."
- Bartleet Religare Securities’ Technical Analyst Gaurav Kumar Sharma

That's the most important line.
If you want to survive and thrive, avoid panic buying and panic selling. There will be green days and red days. Wait for the pullbacks...
Never forget the basic rule: Buy low, sell high.

I do agree with you.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum