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

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Today at 12:44 am

» Top Foreign Trading today
by D.G.Dayaratne Yesterday at 11:29 pm

» Maharaja after long time
by Maharaja Yesterday at 10:20 pm

» Try to Avoid Getting Sucked into Any Panic Modes While Looking for Opportunities. Stock market for beginners
by Asoka Samarakone Yesterday at 9:39 pm

» Evergrande agrees deal to avoid default on key bond: Company
by RajapaksaDON Yesterday at 8:15 pm

» Top crossings today
by SAGA Yesterday at 7:27 pm

» LOFC AND CLC Target Price??
by Rational Investor Yesterday at 6:35 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Equity Win Yesterday at 10:47 am

» CABO -- “ The Investment Company ” under Land & Building Sector
by samaritan Yesterday at 10:45 am

» LOFC lofc
by stockchaser Yesterday at 9:52 am

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Yesterday at 12:14 am

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Yesterday at 12:11 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Tue Sep 21, 2021 3:49 pm

» GUYS LOOK IN TO JKH / JKL NOW
by Wickyz Tue Sep 21, 2021 10:54 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by reyaz Tue Sep 21, 2021 7:37 am

» LOFC LOFC LOFC
by stockchaser Mon Sep 20, 2021 7:49 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by LHW Sun Sep 19, 2021 10:14 pm

» KOTAGALA PLANTATION
by reyaz Sun Sep 19, 2021 3:33 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Sat Sep 18, 2021 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Sat Sep 18, 2021 1:37 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Most brokers’ market reports silent on Friday meeting with President

Most brokers’ market reports silent on Friday meeting with President

2 posters

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Perhaps after having spoken much, most of the brokers’ market reports yesterday were silent on Friday’s meeting with President Mahinda Rajapaksa.

Only Asia Wealth referred to it whilst several others purely commented on the happenings in the market.

“The Colombo Bourse didn’t see any turn around today followed by the much-awaited presidential meeting that was held last Friday. Even though the contentious issues for the prolonged bearish market were discussed at the forum, the deliberations or the outcome have not been clearly stated yet,” Asia Wealth said in its daily report. “Further, positive news such as country receiving the IMF final tranche of US$ 415 m coupled with the oversubscription of US$ 1 b sovereign bond, have not made any changes in the investors’ mind as they continue to be on a sideline,” it added.

Reports of other brokers such as NDB Stockbrokers, DNH Financial, SC Securities, and Softlogic Stockbrokers were silent or didn’t express an opinion on whether Friday’s meeting had any bearing on the market for better or worse.

DNH Financial said investors continued to shy away from the market as it opened a fresh week on a negative note, whilst Softlogic said the Bourse returned to its negative mode with activity levels struggling to keep the market alive.

However, it said the approval of the final tranche of the IMF loan was a positive sign for the economy. Coupled with it, the US$ 1 billion sovereign bond and extended IMF program under discussion are likely to improve investor sentiment and create stability in the economy.

“However, the prevailing high interest rates are likely to be the biggest barrier at the moment. Therefore we reiterate to our valued clients that though the market is at an attractive level, accumulation should be done on a cautious note, identifying value counters,” Softlogic Stockbrokers said.
http://www.ft.lk/2012/07/24/most-brokers-market-reports-silent-on-friday-meeting-with-president/

K.Haputantri

K.Haputantri
Co-Admin
Such silence is not a healthy sign. An environment conducive of freedom of speech should be created.

Back to top  Message [Page 1 of 1]

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