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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Market on an upward curve

Market on an upward curve

+11
npgslnawa
kasun_gimhana
Hewagak
Eugine Fernando
cseranga
Arrowrisk
bhanu
Miss-Sangeetha
fireshelter
samaritan
ChooBoy
15 posters

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1Market on an upward curve Empty Market on an upward curve Sun Nov 24, 2019 9:00 am

ChooBoy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The Sri Lanka Stock Market (CSE All Share) is expected to trade at 5946.51 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5817.12 in 12 months time.

Market on an upward curve Screen23

2Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 9:11 am

Teller

Teller
Moderator
Moderator

Curve will not tell the reality. Intelligent and ex
perience investor can see a demolish pattern.most of the times Too optimistic may drive the negative sentiment. I know how it behaves exchanges like CSE. As a matured investor, you should clear your margin and get rest. Dont forget 5 million plus oppostion voters are monitiring the trend and same way some reviews the capacity of finance minister. Im thinking extra ordinary , so 95% , im in profit side in overall. Good luck

3Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 10:02 am

samaritan


Moderator
Moderator

People are with a JCB to demolish to enter the market.

4Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 11:03 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

After Long Holiday Teller  Very Happy Very Happy Very Happy Very Happy  Need more contribution Now

5Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 11:08 am

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator

Teller wrote:Curve will not tell the reality.  Intelligent and ex
perience  investor can see a demolish pattern.most of the times Too optimistic may drive the negative sentiment.  I know how it behaves exchanges like CSE. As a matured investor, you should clear your margin and get rest. Dont forget 5 million plus oppostion voters are monitiring the trend and same way some reviews the capacity of finance minister.  Im thinking extra ordinary , so 95% , im in profit side in overall. Good luck
I don't think that the Alibaba has enough fund to keep the market on upward trend further and not necessary now after the election.

6Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 11:22 am

bhanu


Manager - Equity Analytics
Manager - Equity Analytics

But there will be a another election within few months of time. So they want to keep this thing going..

7Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 11:37 am

Arrowrisk

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics

why ASI going down after election ??

8Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 11:37 am

Arrowrisk

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics

why ASI going down after election ??

9Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 12:09 pm

cseranga

cseranga
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yes very disappointing situation

10Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 1:02 pm

samaritan


Moderator
Moderator

When there are people selling there are people buying. Both feel they have made the correct decision.

11Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 1:44 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

samaritan wrote:When there are people selling there are people buying. Both feel they have made the correct decision.
This happened even before 16th. So where is the change after 16th?

12Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 1:54 pm

Arrowrisk

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics

Partially it could because of new cabinet, appointed by the president. Investors lost the confidence

13Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 2:06 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I think in a different way the way the new president is acting the manipulators have doubt that  they cannot run the market the way they want . GL

14Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 2:46 pm

Teller

Teller
Moderator
Moderator

Think the capacity of finance minister, in the same way rethink about his role. Unfortunately I didnt see a qulified people engage with finance ministry during last 30 years in sri lanka.Qualified persons to be elected those who can have some strategical thinking. Just studies other countries , how they have appointed finance ministers.

15Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 3:24 pm

Hewagak


Senior Equity Analytic
Senior Equity Analytic

cseranga wrote:Yes very disappointing situation
@cseranga did you sell AEL shares? now it came down 21.50....

16Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 4:12 pm

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics

I think this is it. The market is not going up as most optimistic guys expected. No foreign investor invest in Srilanka via CSE. A lot of negative news going around the world that appointing Rajapaksha brothers as president and Prime ministers. They think Srilanka is like a barbarian country even it is not 100% true. 
I can see the only way to keep the market upward trend by dumping EPF money to the market. Even Kumaraswamy said that  May 2018 they are going to invest EPF fund in CSE, EPF didn't purchase a single share in CSE other than participating right Issues.which is manipulation the market by spreading lies.  you can see that analysing EPF portfolio. Currently, a loss of 23 billion incurred to the EPF but who cares innocent peoples money. They will gamble with the fund as they did previously.
http://bizenglish.adaderana.lk/sri-lankas-largest-pension-fund-epf-return-to-colombo-stocks/
http://www.epf.lk/equity_investments.php

17Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 5:33 pm

cseranga

cseranga
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hewagak wrote:
cseranga wrote:Yes very disappointing situation
@cseranga did you sell AEL shares? now it came down 21.50....
Honestly i am still in a hopeful situation didn't sell any of my AEL portfolio, today Mahinda Rajapaksha assigned duties as financial minister so it is still too early to blame the situation, new investors should be in lining in future for Sri Lanka since mahinda government early reputation of successful economy, but my question is how long we can hold these AEL shares at the prices.

My advice is to AEL holders if you have any doubt about the situation just sell half of your lot & let it to go down further more then re-buy from the bottom around 20/= to reduce the average. Next resistant level should be 20/= do not expect to see them going down below 20/=, do not accept a the view of @Teller about the critics of new financial minister because Mahinda is the most successful minister ever in Sri Lanka done a great success for our economy but i accept the recommendations of Teller. 

Share is hittable any time here on it may be tomorrow or in a week buy sure so don't try to sell too early just bring down the average price.

Apparently it is not too easy to go up since the released amount of shares are huge by AEL so it should be a giant intervention of a investor.

This should be a fake sell of bulk holders

18Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 5:39 pm

Teller

Teller
Moderator
Moderator

@100%, agree with Kasun, we should think 5 million plus oppostion voters behaviour as well as international investors behaviour with recent changes.normally FDI and institutional investors are driving the market. How ever as i mentioned earlier 80% of companies are over value in CSE. I use carefully factors to estimate the stock prices. After recent appreaciation of stock prices, there are 86.4% companies are over value . You must immeadiately sell and encash those stocks. I always believe knowledge is money here.GL

19Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 5:41 pm

Hewagak


Senior Equity Analytic
Senior Equity Analytic

cseranga wrote:
Hewagak wrote:
cseranga wrote:Yes very disappointing situation
@cseranga did you sell AEL shares? now it came down 21.50....
Honestly i am still in a hopeful situation didn't sell any of my AEL portfolio, today Mahinda Rajapaksha assigned duties as financial minister so it is still too early to blame the situation, new investors should be in lining in future for Sri Lanka since mahinda government early reputation of successful economy, but my question is how long we can hold these AEL shares at the prices.

My advice is to AEL holders if you have any doubt about the situation just sell half of your lot & let it to go down further more then re-buy from the bottom around 20/= to reduce the average. Next resistant level should be 20/= do not expect to see them going down below 20/=, do not accept a the view of @Teller about the critics of new financial minister because Mahinda is the most successful minister ever in Sri Lanka done a great success for our economy but i accept the recommendations of Teller. 

Share is hittable any time here on it may be tomorrow or in a week buy sure so don't try to sell too early just bring down the average price.

Apparently it is not too easy to go up since the released amount of shares are huge by AEL so it should be a giant intervention of a investor.

This should be a fake sell of bulk holders
Well said.... @cseranga Yes Difficult to push AEL up....

20Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 6:06 pm

Teller

Teller
Moderator
Moderator

As i said earlier, AEL definitely come down below 18. Increasing of cement prices (1 bag, 100 Rupees price hike),some raw material increases, further depreciation rupees give more pressure. Again and again sorry to say that retailers baught over 20 LKR per share will be struggled. Most of retail investors dont see the opportunity and risk due to greedy. Example ,Why i against AEL price above 20 but not Against MGT , because i know the secrets. I put MGT target from 9 to 14.40,
Again revised to 18.20 as secondary target. In same way BPPL, how i predicted. But think why i dont have optimistic scenario against AEL above 18LKR per share???

21Market on an upward curve Empty Re: Market on an upward curve Mon Nov 25, 2019 7:29 pm

npgslnawa


Manager - Equity Analytics
Manager - Equity Analytics

What will happen on tomorrow?

22Market on an upward curve Empty Re: Market on an upward curve Tue Nov 26, 2019 10:25 am

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics

MGT 18.00,  Teller Please tell us the exit point for RCL and REXP. highly appreciated

23Market on an upward curve Empty Re: Market on an upward curve Tue Nov 26, 2019 1:16 pm

Teller

Teller
Moderator
Moderator

Exit RCL, But REXP no need to exit

24Market on an upward curve Empty Re: Market on an upward curve Tue Nov 26, 2019 1:33 pm

4Corners


Senior Equity Analytic
Senior Equity Analytic

Teller wrote:Exit RCL, But REXP no need to 
How about RAL

25Market on an upward curve Empty Re: Market on an upward curve Wed Nov 27, 2019 3:24 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics

haha teller want to buy more rcl

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