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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» DIPD/HAYC/HAYL
by කොටස් වෙළඳපොළ2020 Today at 8:00 pm

» Growing Fear
by judecroos Today at 7:49 pm

» GLAS will be winner with Super Gain.
by SL-INVESTOR Today at 7:40 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by judecroos Today at 7:38 pm

» Daily Foreign Transactions
by Pradeep90 Today at 6:54 pm

» First capital holdings CFVF.N0000
by invest thinker Today at 6:25 pm

» The market is not out to “get” you but is just flowing along, and your position just happens to be carried along with it.
by dayandacool Today at 4:49 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by reyaz Today at 4:15 pm

» What will happen tomorrow?
by reyaz Today at 4:04 pm

» KGAL - THE SLEEPING GIANT
by THASSIM Today at 2:21 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Yesterday at 12:54 pm

» LDEV LDEV LDEV
by Eranga87 Yesterday at 10:27 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Yesterday at 7:42 am

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Mon Apr 19, 2021 7:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Mon Apr 19, 2021 6:14 pm

» US dollar trading lower, euro near new high
by target1 Mon Apr 19, 2021 1:38 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Thushara Ayya Mon Apr 19, 2021 11:59 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Eranga87 Sun Apr 18, 2021 4:12 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Sat Apr 17, 2021 9:07 pm

» Lanka Walltile PLC Investment Case
by judecroos Sat Apr 17, 2021 8:55 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » How the market went up to 49 points up all of a sudden at the last minute?

How the market went up to 49 points up all of a sudden at the last minute?

Go down  Message [Page 1 of 1]

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
can some one explain how the market went up to 49 points up all of a sudden at the last few minutes????
any manipulation or trick?

sriranga

sriranga
Co-Admin
One of the reason, NEST went up by 182 to 1800 @ 14:28

http://sharemarket-srilanka.blogspot.co.uk/

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@anjelo wrote:can some one explain how the market went up to 49 points up all of a sudden at the last few minutes????
any manipulation or trick?
10 shares NEST traded at 1800, up Rs 182 at 2.28 pm causing ASPI index to increase by over 25 points.
when they adjust the weighted average traded price of NEST after market closure, ASPI will also adjust accordingly.

econ

econ
Global Moderator
just another manipulation using illiquid shares.

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Not exactly a manipulation and NEST is not a illiquid share.
Somebody may have purchased that 10 share just for the sheer pleasure Laughing

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If someone can do it for sheer Pleasure then there's something wrong.
Can we have weighted average at market time?tough modification?

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@sahan8896 wrote:If someone can do it for sheer Pleasure then there's something wrong.
Can we have weighted average at market time?tough modification?

http://forum.srilankaequity.com/t26378-aspi-index-market-cap-turnover-and-the-result-distortion?highlight=aspi

"Can we have weighted average at market time?tough modification?"

cant be that tough no ? people went to the moon nearly 45 years ago........

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Best thing to do is not to worry about the ASI.
After all it is the shares you are holding make a gain/loss, not ASI.

On a slightly different topic, What is the fair value of NEST?
Last year NEST started @ 870 and ended @1560.
Already 3 months have gone and I believe NEST will reach 1900 easily by the end of this year.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@Dileepa wrote:Best thing to do is not to worry about the ASI.
After all it is the shares you are holding make a gain/loss, not ASI.

On a slightly different topic, What is the fair value of NEST?
Last year NEST started @ 870 and ended @1560.
Already 3 months have gone and I believe NEST will reach 1900 easily by the end of this year.

My Guru's calculation around Rs 2110.00.

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
ASI ....manipulation ?

The formula used for computation of ASI ,is clearly given in the CSE website.
Can't understand what's all this fuss about !!!
Someone has to interpret the value of ASI ,based on the way it is being calculated. not any other way.

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@knockknobbler wrote:ASI ....manipulation ?

The formula used for computation of ASI ,is clearly given in the CSE website.
Can't understand what's all this fuss about !!!
Someone has to interpret the value of ASI ,based on the way it is being calculated. not any other way.

@knockknobbler - If you followed trading yesterday and today, you will observe the Nestle / Odd Lot effect on the Index. Yesterday especially. and adjustment to the Index after trading hours and not in real time, distorts the reality.

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This is done in other places as well. There was one particular case I saw where the index price was increased on the day in which a lot put options expired. This was done in the last 1 minute of trading on an odd lot trade

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
@The Alchemist wrote:
@knockknobbler wrote:ASI ....manipulation ?
..............
@knockknobbler - If you followed trading yesterday and today, you will observe the Nestle / Odd Lot effect on the Index. Yesterday especially. and adjustment to the Index after trading hours and not in real time, distorts the reality.
@Alchemist,
As I understand ( from the descriptions given in CSE site ) .......,
1. during the trading period , CSE takes into "Last Traded Price " in computing ASI and ASI is changing when the time goes on.
2. after trading is closed, CSE uses "Volume Weighted Average Price" in computing ASI and ASI indicates a fixed value .

Since this basis of computations are clearly indicated , everyone can understand this, any change of ASI value during trading hours ,specially at the closing time ( based on last traded price)and after the trading is closed ( based on VWA price) can be understood. My contention is there is no "manipulation " here.
The question you are raising is .., whether this method ,(2) above, distorts reality ?
I think, this is a subjective opinion, and needs further discussion.

My opinions......
Let's consider alternatives , there are two...,
1. use VWA price in computing ASI ,during trading hours.
2. use closing price (at the end of trading session) to express ASI ,after trading is closed.

It seems, from an earlier post, you prefer (1) above. However I tend to disagree.

During trading hours, CSE uses " last traded price " as market price in all statements /statistics. I agree with this. If it is online data, and data changes from time to time (every minute) , what is critical is latest data (not VWA price). That should be used in Index computation also.That gives the viewer a sense of latest position.
I agree with (2) above. But, I expect a huge cry, saying that this computation distort the market "reality '. There is a valid point in that " CRY" also, in the case of Colombo Stock Exchange (or any small exchange, for that matter) and there will be an issue.

Actually, the issue lies somewhere else. It is the nature of CSE, it is not a mature exchange. If we think about "whole market " totals,computations are heavily skewed , towards a set of few companies. An exchange / market means , there are a large number of buyers /sellers and the possibility of a single /(small no. of) player/s to influence the "total " should be minimum.

Sponsored content


Back to top  Message [Page 1 of 1]

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