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


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Yesterday at 9:18 pm

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Yesterday at 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Yesterday at 8:03 pm

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by samaritan Yesterday at 12:26 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 9:49 am

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Yesterday at 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Yesterday at 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Yesterday at 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Yesterday at 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Yesterday at 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Yesterday at 6:34 am

» Importance of Agroforestry for Sri Lanka
by CHRONICLE™ Yesterday at 6:31 am

» Nivard Cabraal sets record straight on decision to allow flexibility to the rupee
by God Father Sun Jun 26, 2022 11:15 pm

» Baseless accusations against the former Governor Nivard Cabraal
by ChooBoy Sun Jun 26, 2022 10:44 pm

» Heavy losses at CPC whilst LIOC records profit
by ChooBoy Sun Jun 26, 2022 1:32 pm

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Sat Jun 25, 2022 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Sat Jun 25, 2022 12:00 pm

» Container shipping stocks routed
by target1 Fri Jun 24, 2022 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Fri Jun 24, 2022 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Fri Jun 24, 2022 11:29 am

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™ » CORPORATE CHRONICLE™ » Signs of market reversal

Signs of market reversal

+15
lasantha11111
zoozzoo
sikka89
nickjava
D.G.Dayaratne
EWML
indi009
lux2014
Market Sucker
Akalanka
NC
VALUEPICK
SHARK aka TAH
Antonym
ecse
19 posters

Go to page : Previous  1, 2

Go down  Message [Page 2 of 2]

26Signs of market reversal - Page 2 Empty Re: Signs of market reversal Sat Sep 13, 2014 6:16 pm

NC


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

indi009 wrote:So what is the conclusion??? Will the market go down or the market will fireup like a rocket???????????

Because pls undrstand that there're people in this forum who doesn't understand the charts and stuff.......

Please............

@ Indi; my personal target is 7500, even 7200-7300 there is a possibility for a correction. And if it make a correction on this stage, I definitely like it, because its more healthier and sustainable, and we can buy more at a discount.. Very Happy Razz And most importantly, don't worry about ASI, keep look at the charts, news of your stocks in your portfolio, it tells you everything not ASI. So, concentrate on the core its keeps your mind simple and free  cheers
I do these readings like we talking about politics, global economy, EU crisis (රටේ නැති වල්පල් ) blah blah when a set of same minded people get togethered, they discuss, argue with each others... That's their mind set and they enjoy from it>>> Very Happy

27Signs of market reversal - Page 2 Empty Re: Signs of market reversal Sat Sep 13, 2014 10:51 pm

lux2014


Manager - Equity Analytics
Manager - Equity Analytics

Thanks Akalanka

28Signs of market reversal - Page 2 Empty Re: Signs of market reversal Sun Sep 14, 2014 8:30 am

VALUEPICK


Expert
Expert

What I notice was we are having nice pullbacks and short term pause or minor volatility in stocks time to time. When some sectors and stock become active some other sectors/ stocks becomes inactive.

Examples:

Behaviour of ELPL

Initial active trend from Rs.17 onwards. Short term minor volatility/pause below Rs.20 and then break out with key psychological barrier Rs.20 with large volume and then went up to Rs. around Rs. 26 to 27 levels. Now it is trading around Rs.25/- in low volumes and having a minor volatility and pause I am waiting to see what is happening next?

COMB some strong activity around Rs.100. Went up to Rs.110/ had some minor volatility and with pause. Gradually this process continued until around Rs146. traded for a while below Rs.145. Broke key psychological barrier Rs.150 with large volume and now it trading around Rs.160. I saw some weakness on COMB on Friday. So this process should continue as long as major uptrend in intact.

Next week at least first two days stocks such as COMB and JKH might have pause or some weakness. Sectors such as Banking and Finance, Diversity and investment trust and power, hotels and energy sectors may be dull and might see some weakness. On the other hand other sectors such as
Health, production, food and plantations might have some life. Those inactive stocks in many sectors also should become active next week onwards. Have a nice week end!

29Signs of market reversal - Page 2 Empty Re: Signs of market reversal Sun Sep 14, 2014 9:51 am

EWML


Equity Analytic
Equity Analytic

What I see is that market corrections will take place with the movement of policy rates. Until the next Jan policy rates will remain at the lower level to enhance the private credit growth to economic development. However, though CBSL is striving to keep the interest rates lower at the moment, since it's an artificial effort, rates will move upward after the next presidential election. As a result, investors in the equity market will move to fixed income gradually and equity market will have a gradual decline. Therefore, past trends will not arise as it is. All depends upon political and economic factors.

30Signs of market reversal - Page 2 Empty Re: Signs of market reversal Sun Sep 14, 2014 11:02 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EWML you are correct

31Signs of market reversal - Page 2 Empty Re: Signs of market reversal Sun Sep 14, 2014 7:05 pm

ecse


Manager - Equity Analytics
Manager - Equity Analytics

Thanks experts

32Signs of market reversal - Page 2 Empty Re: Signs of market reversal Mon Sep 15, 2014 2:25 pm

nickjava


Manager - Equity Analytics
Manager - Equity Analytics

VALUEPICK wrote:What I notice was we are having nice pullbacks and short term pause or minor volatility in stocks time to time. When some sectors and stock become active some other sectors/ stocks becomes inactive.

Examples:

Behaviour of ELPL

Initial active trend from Rs.17 onwards. Short term minor volatility/pause below Rs.20 and then break out with key psychological barrier Rs.20 with large volume and then went up to Rs. around Rs. 26 to 27 levels. Now it is trading around Rs.25/- in low volumes and having a minor volatility and pause I am waiting to see what is happening next?

COMB some strong activity around Rs.100. Went up to Rs.110/ had some minor volatility and with pause. Gradually this process continued until around Rs146. traded for a while below Rs.145. Broke key psychological barrier Rs.150 with large volume and now it trading around Rs.160. I saw some weakness on COMB on Friday. So this process should continue as long as major uptrend in intact.

Next week at least first two days stocks such as COMB and JKH might have pause or some weakness. Sectors such as Banking and Finance, Diversity and investment trust and power, hotels and energy sectors may be dull and might see some weakness. On the other hand other sectors such as
Health, production, food and plantations might have some life. Those inactive stocks in many sectors  also should become active next week onwards. Have a nice week end!

What you predict was correct. we are seeing a weakness in JHK and COMB today.

33Signs of market reversal - Page 2 Empty Re: Signs of market reversal Mon Sep 15, 2014 2:48 pm

sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

bulls really strong.COMB itself down by six but market is healthy.Trades reduced nicely from fridays 17000 to resist the bull.Tomorrow morning better buy few.

34Signs of market reversal - Page 2 Empty Re: Signs of market reversal Tue Sep 16, 2014 1:30 pm

zoozzoo


Manager - Equity Analytics
Manager - Equity Analytics

thanks experts...cheers cheers i am learning from you study study study

35Signs of market reversal - Page 2 Empty Re: Signs of market reversal Tue Sep 16, 2014 2:25 pm

VALUEPICK

VALUEPICK
Expert
Expert

Don’t worry much about market pullback, weakness, volatility, news, gossips etc. Once market form its major uptrend we cannot predict top. Similarity we cannot predict bottom of the bear market. It is better to do some home work these days because we may have some great opportunities in market weakness and pull back.

I was able to go through another broker valuation guide and found some interesting numbers.

Intelligent investors make use of ROE to pick some of the great stocks in the market..

The basic criteria to identity some great stocks in the market

1. Return on Equity > 15%
Indicates high profitability and potentially a competitive advantage
2. Debt-to-Equity ratio < 0.5
Implies that the company does not heavily depend on outside capital to finance its growth
3. Current ratio > 2
Makes sure that the company is able to pay its short term obligations

Some stocks with attractive ROE.Some of following have nice debt to equity ratio too. Eg.UDPL

ASPMN, ELPL, UDPL and NAMU have ROE over 15%

AHUN around 15%

ONAL over 22%

TYRE over 22%

SMOT 26%

LGL 20%

TAFL 19.02%

NEST one of the best ROE in the market

AEL 18%


Positive factors

Lower oil and gold prices
Lower raw material prices
Improved weather
Improved tea output
Improved tourist numbers
Trade agreements with China and Japan
More grain harvest in the coming months and quarters
Falling Grain prices globally
Lower interest rate

36Signs of market reversal - Page 2 Empty Re: Signs of market reversal Tue Sep 16, 2014 3:32 pm

lasantha11111


Manager - Equity Analytics
Manager - Equity Analytics

Thanks VALUEPICK
your are real Expert
Very Happy Very Happy Very Happy

37Signs of market reversal - Page 2 Empty Re: Signs of market reversal Tue Sep 16, 2014 6:50 pm

chinthaka22


Senior Equity Analytic
Senior Equity Analytic

you all Chart experts , you da real MVP s

38Signs of market reversal - Page 2 Empty Re: Signs of market reversal Tue Sep 16, 2014 9:06 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I think market reversal is mainly due to external factors. No such effect now

Presently external factors are favorable For example agreements with china delegation

There may be ups and downs due internal problems of individual companies. That is the normal behavior of any stock market

If govt authorities do not interfere stock market nothing to worry
Even manipulation by private sector is not a big problem Biggest problem is govt manipulation using public funds as in case of 2009 to 2011

I think govt has learned a lesson after Indrani Sugathadasa effect. That was individual behavior and not market behavior



Last edited by D.G.Dayaratne on Tue Sep 16, 2014 9:10 pm; edited 2 times in total (Reason for editing : to explain more)

39Signs of market reversal - Page 2 Empty Re: Signs of market reversal Tue Sep 16, 2014 9:33 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Market reversal as expected may bit slow down with the declaration of new price structure of fuel today. Savings from transport cost should benefit the common people...Question is how long that reduced prices survive...

40Signs of market reversal - Page 2 Empty Re: Signs of market reversal Tue Sep 16, 2014 11:42 pm

Vichy

Vichy
Equity Analytic
Equity Analytic

With the political pressure for the next year presidential elections. We may see many economic positives in the next few months.

Which will directly affect the market trends. I don't think the current government will let the market down for any reasons as it will negatively reflect on their strategies.

So. I don't think there will be any major draw back other than minor correction until the elections are over.

41Signs of market reversal - Page 2 Empty Re: Signs of market reversal Wed Sep 17, 2014 4:05 pm

VALUEPICK

VALUEPICK
Expert
Expert

I believe today’s red stocks will become tomorrow’s dark green stocks. Some stocks including some market leaders such as CHMX, JKH, MASK, WATA, RCL, LWL, SAMP, and COMB were active today. Some momentum stocks also were active. There may be some hidden gems as well. If we can find out one hidden gem with great prospect then it is more than enough to cover losses we made in the past. I think UDPL in the plantation sector is a hidden gem. Do you think so? When bull starts even negative factors will ignore.  For example there were lot of crises in Greece and Spain, unemployment in Europe, banking crisis in USA and Europe, Property crisis, political crisis in Middle East especially in Iran and Iraq at that time, gold and rupee crisis in India etc. Didn’t’ their stocks markets go up? There were bull markets everywhere. Even Pakistan had a good one despite their political crisis time to time.

My sectors under radar are:

Banking and Finance-
Power and energy
Plantations
Diversify
Food and beverages
Production

We will see some of the great winners from the above sectors. Actually some stocks are coming out of their base now. Then there are another set of stocks. Until accumulating is over we cannot expect rally for them in the short run.  Some have gone to second and third stage and still have some legs.

Good luck!

42Signs of market reversal - Page 2 Empty Re: Signs of market reversal Wed Sep 17, 2014 4:22 pm

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

One red day two light green days.market getting ready for the next assalt

43Signs of market reversal - Page 2 Empty Re: Signs of market reversal Wed Sep 17, 2014 4:32 pm

nickjava


Manager - Equity Analytics
Manager - Equity Analytics

Yes, i saw HAYL is coming out of its den today. volumes are low. but i rate this stock as a silent giant. it wont move unless there is really something in the market. i hope i wont be wrong Smile

44Signs of market reversal - Page 2 Empty Re: Signs of market reversal Thu Sep 18, 2014 1:23 pm

VALUEPICK

VALUEPICK
Expert
Expert

nickjava wrote:Yes, i saw HAYL is coming out of its den today. volumes are low. but i rate this stock as a silent giant. it wont move unless there is really something in the market. i hope i wont be wrong Smile

You are right. Gradually market is getting strong due to some bull indicators. Good luck!

Back to top  Message [Page 2 of 2]

Go to page : Previous  1, 2

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