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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Has this Govt understood ROLE OF GOVT with regard to stock market properly

Has this Govt understood ROLE OF GOVT with regard to stock market properly

Go down  Message [Page 1 of 1]

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I think good governance,rule of law, economic management have been more or less same after establishment of stock market in 1980s. Even under war time(from 1983 to 2009) stock market have been better than at present in general

Govt role is to create Business friendly environment in the economy and Selection of correct people
to manage stock market

As far as i know past govt before 2010(including MR govt from 2005) was not much worried about the stock
market.These governments appointed relatively good people to manage stock market.and never had discussions with brokers to see upward trend in the market.Also never use public funds to show artificial upward trend

Main reason for the present situation is misunderstanding of govt role by policy makers and not giving correct advice to
HE MR


Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics
don't worry there are plenty of people giving advice to HE. Only problem is not the right kind.

anubis


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I remember when the market was trending upward you were very positive and defensive of the government. What happened?

IMHO for each bull rally, a new bunch of people become so upbeat and positive. They start discussing the so many positive aspects of the economy etc. etc. and when the market starts to decline, they start pointing fingers at the government, SEC, crooks, manipulators, DJ, NP, HJ, etc. etc.

You just have to understand that this is a cycle that has been going for sometime (I too was naive at some point back). There's no point in blaming anyone (corruption is everywhere, get used to it!). Instead try to make money by benefiting from these cycles (unless if you are a long-long-long term investor).

Cheers!

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
There was a famous saying

"First, God Made Idiots. That Was Just For Practice. Then He Made Politicians"
- Mark J. Grant, author of Out of the Box,

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I am always defensive of govt

I want to discus these matters in this forum and correct govt actions

Then short term and long term investors and the country will be benefited

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
D.G.Dayaratne
Same as I respect your age, your ideas are also appreciated. I dont know about the market in 1980s or early 1990s (I entered to the market in 2001). But I'm pretty sure that we didnt have this many brokers for such tiny stock market. Too many broker agents creates an unwanted competition & lead to explore almost all the loop holes in the market.
2007-2010 we had very creative young professionals around Colombo who wanted to make some extra money to feed their life styles. Attractive IPOs lead most of these young people enter into the market. These healthy IPOs made some easy money for them. A lethal combination of brokers and some highly talented traders saw the desire ( making easy money) of these young bunch of professionals. That was the start. All the members of this forum know what happened after wards.

Yes there were some genuine investors also entered to market during this time but in a small scale.

Government funds also have a huge responsible for the last irregular upward trend we saw in 2009-2010.

Of course as many of you think Yes. War was over around 2009.

Unless we discover huge oil reserve, next run also has to be an artificial one.
What ever happens make sure to grab a slice if not someone else will take it.
GL All.

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@UKboy wrote:
"What ever happens make sure to grab a slice if not someone else will take it."

Amen !!!

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
too much

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
D.G.Dayaratne
Initially there was no interest about the CSE by any government. In the later part the ppl in the government understood it is easier way to earn quick money as well as to hide some BLACK money in the CSE.
However, when they close up for the it was too late for ppl in the government to control the CSE. That is what we are experiencing presently. Becoz 99% of Stocks controlled by 1 % of stake holders..
Weather it is oil exploration... or manipulation...we have to have understood the cycle behind this...up and down...
When ever you need up ward trend it is down...when ever you need bear it is bullish....
I do agree with UKBOY about the increasing of stock brokers firm and typical kind of IPOs and Introductions take placed and going to be ...

For everybody....How about a range bound market...Would you like to enjoy the nature....of Range bound market...

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka badly need a NATIONAL ECONOMY POLICY rather than having various type of political policies to boost the economy with the support of any kind of government.
We must have good system to increase our GDP with in next five years...there are many resources available inside the island to boost the GDP too..But still we cant find a satisfactory projects undertaken to utilized same....Next two to three year are very crucial for the our economy...very very crucial....lets c how responsible ppl going to play their role!

K.Haputantri

K.Haputantri
Co-Admin
The first thing the Govt., should understand is that its role is that of a policy maker, a facilitator in addition to its traditional role - maintenance of law & order but it has unfortunately abandened most of these core functions and embarked on almost all other sphears of the polity & economy thus messing the whole thing.

Can write volumes of books on each aspect but it would be a futile exercise because they do this delibarately.

It is easy to awaken a sleeping person but not a person who pretends to be sleeping.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@K.Haputantri wrote:The first thing the Govt., should understand is that its role is that of a policy maker, a facilitator in addition to its traditional role - maintenance of law & order but it has unfortunately abandened most of these core functions and embarked on almost all other sphears of the polity & economy thus messing the whole thing.

Can write volumes of books on each aspect but it would be a futile exercise because they do this delibarately.

It is easy to awaken a sleeping person but not a person who pretends to be sleeping.
Agreed.

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@UKboy wrote:D.G.Dayaratne
Same as I respect your age, your ideas are also appreciated. I dont know about the market in 1980s or early 1990s (I entered to the market in 2001). But I'm pretty sure that we didnt have this many brokers for such tiny stock market. Too many broker agents creates an unwanted competition & lead to explore almost all the loop holes in the market.
2007-2010 we had very creative young professionals around Colombo who wanted to make some extra money to feed their life styles. Attractive IPOs lead most of these young people enter into the market. These healthy IPOs made some easy money for them. A lethal combination of brokers and some highly talented traders saw the desire ( making easy money) of these young bunch of professionals. That was the start. All the members of this forum know what happened after wards.

Yes there were some genuine investors also entered to market during this time but in a small scale.

Government funds also have a huge responsible for the last irregular upward trend we saw in 2009-2010.

Of course as many of you think Yes. War was over around 2009.

Unless we discover huge oil reserve, next run also has to be an artificial one.
What ever happens make sure to grab a slice if not someone else will take it.
GL All.

Agreed to most of your comments. Good explanation. But artificial runs are natural and accepted in markets. Even without any fundamentals markets can run. Or a small fundamental reason may lead to a big run and we can see people asking why this run? (Can happen both ways) This is where TA people betting on.

See the run we see in Hong-Kong. For last 12 months it runs. Not without drops. We saw YTD return touching 14% and then wiping out to almost zero couple of times this year. With the latest run YTD return is exceeding 18%, and for last 12 months return exceeding 20%. A good vibrant market.

One can argue runs are not artificial, simply the struggle between SUPPLY and DEMAND.

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
UKboy, Thank you for recalling those Goden Era of IPOs. If you are aware in 1990s we had lovely plantation IPOs. Each gave a very exciting return.

Then we saw the flood of IPOs in 2010/2011, we had the same excitement at the begining. Then came the exploitation with bank guarantees.

People tried to get all the golden egs at once. So the GOOSE is no more.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I AM VERY HAPPY WITH THE COMMENTS MADE BY YONG PEOPLE

WE SHOULD DISCUSS THIS TOPIC IN DETAIL FOR OVERALL WELL BEING OF ECONOMY NOT FOR PERSONAL GAINS ONLY.OTHERWISE ALL OF US WILL SUFFER
i ALSO REQUEST TO READ MY FIRST POSTING CAREFULLY BEFORE MAKING
COMMENTS

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@D.G.Dayaratne wrote:
i ALSO REQUEST TO READ MY FIRST POSTING CAREFULLY BEFORE MAKING
COMMENTS

Has this Govt understood ROLE OF GOVT with regard to stock marret properly?

It's a difficult question.
Any government cannot look in detail into any governing institute. It's impossible & the officials should take the necessary corrective actions not the government.
However there’s a dark side.
We must not forget what sort of country Sri Lanka is. Does not matter how people called (emerging market, frontier market, the best location in Indian ocean bla bla), Sri Lankan government sector officials have to say yes to Power and Money. Sadly it's still inevitable. Again corruption is not something new to our government sector. Whoever comes to power they will keep that tradition. However now black money is not circulating like how it used to. I assume only a number of people get the max.

Regarding the government.: TSadly this government have so many inefficient, laid back senior cabinet ministers. Government has no option but give top ministries to these people only because of their seniority.


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