So far mainly the small scale investors were in buying side. Many Mid/large scale retailers/investors still either in sideline or in the selling side . Many of them still want to sell what they have before consider buying any.
Recent government $ bond was fully subscribed. At any level, that’s excellent news. That could be the main reason behind this upward trend. Less interest rates also a good sign and it will help many listed companies positively.
However I think we should be very careful when comes investing on illiquid shares. Should not keep 50%+ exposure of the PF for those counters. I believe SEC will bring a deviation. Surely they don’t want to lose high caps such CTC, NEST. But when it’s gonna happen is anyone’s guess.
Crazy moves we saw in 2009/2010 needs the support of manipulators (professional traders). It’s difficult to see a natural rise of a counter in short period based on fundamentals. Ex TJL. TYRE etc.
I’m still not comfortable with the Geneva issue. As Jana1 mentioned somewhere, there is an escape route (worse case) which I agree. Hope we will not need to go that far.
How government handles the situation is something more interesting to see than investing new money at CSE. I really hope people leave what happened in the past and move on.
This is going to be a test match in a 20/20 atmosphere.