If a stable Government will be formed in September, we can expect more All time High breakouts!
The year 2010, when the thirty year civil war ended, generated much optimism regarding Colombo Stock Exchange. Before 2010 November, All Share Index was 6247! After that, it climbed to 7823!
We saw many All time High breakouts within the period of 2010 Nov - 2011 Feb.
This was a green signal of many counters at that time. I can give you many examples :
Eg: GRAN, TAFL, BFL, MPRH, REGNIS, KOTA....
They have jumped over their A.T.H points within the period!
I think this time is also more suitable to many record breaks.
GRAN, TAFL, BFL, MPRH, REGNIS, KOTA & many more may be break out it's earlier ATH.
Some Counters A.T.H Now
GRAN 265.00 65.50
TAFL 242.00 82.70
REG 515.00 142.00
KOTA 230.00 26.50
MPRH 96.00 29.00
RHL (N0000) 144.00 31.70
LIOC 68.30 33.10
RAL 8.50 4.30
What is your humble opinion?