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Technical Analytical Outlook
Market Players Are Fast Losing Their Patience!!!
The market players after anxiously waiting for some changes to happen this week, started to show signs of losing their patience and the indices come down further on Tuesday. However there is still a strong expectation that H.E. the President would intervene soon and remedy the grave situation that has arisen at the market which may be as a result of disruptive activities of a few.
Treasury Secretary P.B.Jayasundara said on Tuesday Colombo sold the bond last week at a 5.875 percent yield after being oversubscribed more than 10 times , and the money is expected to flow in to the market on Wednesday. P.B.Jayasundara said $500 million of the bond will be kept aside to retire the country’s debut $ 500 million sovereign bond maturing in October, while the rest will be sold in the market.“The market will be liquid and the market should be able to ease the interest rate. So I can assure you interest rates won’t go up”. He told Reuters in an interview. – (Reuters)
Technical Analytical Outlook 25th July 2012
Capital TRUST Research research@capitaltrust.info
Jul 25 (1 day ago)
Market Players Are Fast Losing Their Patience!!!
The market players after anxiously waiting for some changes to happen this week, started to show signs of losing their patience and the indices come down further on Tuesday. However there is still a strong expectation that H.E. the President would intervene soon and remedy the grave situation that has arisen at the market which may be as a result of disruptive activities of a few.
Treasury Secretary P.B.Jayasundara said on Tuesday Colombo sold the bond last week at a 5.875 percent yield after being oversubscribed more than 10 times , and the money is expected to flow in to the market on Wednesday. P.B.Jayasundara said $500 million of the bond will be kept aside to retire the country’s debut $ 500 million sovereign bond maturing in October, while the rest will be sold in the market.“The market will be liquid and the market should be able to ease the interest rate. So I can assure you interest rates won’t go up”. He told Reuters in an interview. – (Reuters)
Technical Analytical Outlook 25th July 2012
Capital TRUST Research research@capitaltrust.info
Jul 25 (1 day ago)
