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

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» ලාභ ගන්න කොටස් වලින් මේක සම්පූර්ණයෙන්ම කියවන්න
by D.G.Dayaratne Today at 6:20 pm

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by cseguide Today at 6:02 pm

» Shares to Buy
by Niwa Today at 12:59 pm

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Yesterday at 9:12 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Yesterday at 8:53 pm

» Directors' Dealings today
by SAGA Yesterday at 6:02 pm

» Top Foreign Trading today
by SAGA Yesterday at 5:59 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Yesterday at 5:37 pm

» Boga unusual Collection....
by Wickyz Fri Jul 30, 2021 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Fri Jul 30, 2021 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Fri Jul 30, 2021 12:18 pm

» DPL Take over
by Vishwanarth Fri Jul 30, 2021 12:12 pm

» HVA FOODS PLC (HVA.N0000)
by samaritan Fri Jul 30, 2021 11:02 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by dayandacool Fri Jul 30, 2021 10:09 am

» CITIZENS DEVELOPMENT BUSINESS FINANCE PLC(CDB.N0000)
by engineer Fri Jul 30, 2021 7:06 am

» RENUKA CAPITAL PLC . KZOO.N
by Pbv Fri Jul 30, 2021 12:22 am

» What will happen to AMF¿??????
by Tissa Thu Jul 29, 2021 11:46 pm

» Expert view on AMF??
by Tissa Thu Jul 29, 2021 10:12 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Thu Jul 29, 2021 8:57 pm

» What are the short term profit stocks you are planning to buy on this Monday? (Only honest ppl please)
by Hope123 Thu Jul 29, 2021 7:04 pm

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™ » DAILY CHRONICLE™ » Market short for 5th day, last seen in 2013

Market short for 5th day, last seen in 2013

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
 Due to Central Bank's (CB's) continued protection of the rupee amidst depreciating pressure because of foreign exits and dearth in inflows, the money market was short for a record fifth consecutive day at yesterday's trading.
It was short by Rs 4,812 million yesterday; which shortfall was met from CB's overnight reverse repo window at a weighted average yield of 6.15%.



Meanwhile, the other four consecutive days, which made up to yesterday's 5th consecutive day of money market shortfall saw the first taking place last Tuesday (18 August) when the money market was short  by Rs 1,870 million in certain counters; on the following day Wednesday it was short by Rs 3,250 million; Thursday (Rs 7,164 million); Friday (Rs 8,730 million) respectively.
The last time the market was short like this for a considerable period of time on a consecutive basis similar to the present context was two years ago. That happened on two consecutive occasions in 2013. The first was from Friday, 3 May, 2013 to 10 May, 2013; a total of six consecutive days and the other from 24 July, 2013 to 31 July, 2013; also comprising six consecutive market days.



The market in the first time in 2013, it was short by Rs 5,000 million (3 May, 2013); Rs 3,550 million (6 May, 2013); Rs five million (7 May, 2013); Rs 1,515 million ( 8 May, 2013); Rs 1,026 million (9 May, 2013) and Rs 2,300 million (10 May, 2013) respectively.
On the other occasion in 2013 it was short by Rs 1,062 million on 24 July, 2013; Rs 6,289 million (25 July, 2013); Rs 3,030 million (26 July, 2013); Rs 2,750 million (29 July, 2013); Rs 539 million (30 July, 2013) and Rs 13,127 million (31 July, 2013) respectively.
These shortfalls were met from CB's reverse repo window and/or its standing lending facility.



Yesterday, US$ 24.73 million was frittered away from CB's foreign reserves in defence of the rupee, as a result of which Rs 3,311 million was absorbed from the money market's excess liquidity value, the latter ending up poorer by that sum.
Money printing yesterday stood at Rs 92,441.08 million and market's net excess liquidity: Rs 43,414 million. Money printing comprised 212.93% of net excess liquidity yesterday, thereby stoking demand side inflationary pressure on the economy.
Courtesy: Ceylon Financial Today 25 August 2015

Back to top  Message [Page 1 of 1]

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