Please note the following lines in the above news item:
" Sri Lankan stocks closed 1.1 percent lower Friday ending a two day rally as buyers in credit funded positions sold out, feeding a market consolidation downwards, brokers said"
The question is, whether the above mentioned credit funded position is:
1. Retail? If so is that is due to T+5 or credit allowed by brokers beyond this T+5 or credit outstanding from last December.
2. Croporate? Is it due to 50% mandatory reduction in debt positions of corporates with brokers?
Knowledgeable members on this are welcome to contribute.