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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka Stock Market to remain flat in 2020

Sri Lanka Stock Market to remain flat in 2020

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Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka Stock Market to remain flat in 2020 - Page 3 Screen63

This is what the stimulus package that Trump gave 5 years back is still doing for them.. Our ppl are busy finding faults in our package and the country is going no where.. 2,500 year great history mentality

Chanaka303


Equity Analytic
Equity Analytic
ECONOMYNEXT – Sri Lanka’ cabinet of ministers had cleared changes to tax laws to give effect to taxes that were slashed by the new administration.

The laws have to be passed in parliament. The Department of Inland Revenue had issued instructions to cut taxes before the laws were changed.

The changes were made to the Nation Building Tax (a turnover tax), Ports and Aviation Levy (an import duty), Economic Service Charge and Valued Added Tax.

The amendments already drafted were cleared by the cabinet and would not be published in the government gazette and presented to parlaiment

Changes were also proposed o to income tax laws to lift withholding tax, amend income tax rates.

The cabinet of ministers had also approved a proposal by the finance minister to instruct the legal draftsman to draw up changes to the law. (Colombo/Jan10/2020)

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Promoney wrote:Sri Lanka Stock Market to remain flat in 2020 - Page 3 Screen63

This is what the stimulus package that Trump gave 5 years back is still doing for them.. Our ppl are busy finding faults in our package and the country is going no where.. 2,500 year great history mentality

LOL that's kinda true.
However highest ASPI index will hit in 2020

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
But this isn't the time the bull market gonna start.
It will be started in next month or end of January.Then there is no turn back.

Teller


Moderator
Moderator
In 2020, you should not expect any bull market In CSE,

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:In 2020, you should not expect any bull market In CSE,

Crying or Very sad Whyy it should happen. isn't it?
At least before the last quarter  Neutral

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Colombo Stock market to remain flat entirely in 2020 and end up around 5852 as predicted by Trading economics and technically graphed via 10 year ASI movement chart given below.

Sri Lanka Stock Market to remain flat in 2020 - Page 3 Screen60

Sri Lanka Stock Market to remain flat in 2020 - Page 3 Screen59

https://tradingeconomics.com/sri-lanka/forecast

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
Are these charts 100% sure ???

Kipling


Expert
Expert
Trading Economics- Check past track record for validity. Made amazing prediction in 2009. Totally off.

Teller

Teller
Moderator
Moderator
Haha, i predicted this one month earlier. Rupee will be another historical low with in 2 weeks. If we want to avoid the situation , we must hike fuel prices.


_________________




Teller said is said..

God Father


Manager - Equity Analytics
Manager - Equity Analytics
Shares will move within short range. There may be few big gainers and some big losers. Long term investors will not lose.

jaya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
No body can forecast correctly, many things can change easily, any soon.
We are living in the changing world without borders

ASDDS


Stock Analytic
Stock Analytic
@Teller wrote:Haha,  i predicted this one month earlier. Rupee will be another historical low with in 2 weeks. If we want to avoid the situation , we must hike fuel prices.
Smile Smile Smile Smile Smile We've seen more than your guesses Very Happy Very Happy

Arrowrisk

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:Haha,  i predicted this one month earlier. Rupee will be another historical low with in 2 weeks. If we want to avoid the situation , we must hike fuel prices.

Yes, we can see it ....

Kipling


Expert
Expert
Global Fuel prices crashing. Why should SL hike? ISIS & Diaspora agenda? UNP attempt to avert humiliating defeat @ GE?

Teller

Teller
Moderator
Moderator
Teller predicted this on Jan 6, still 133 points should down based on initial prediction. Now re calculated it. It will down maximum another 83.5, that means we are near to recovery. I mean rebound. That means ASPI will rebound 5772/-, It will be a strong one. Lets see.


_________________




Teller said is said..

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:Teller predicted this on Jan 6, still 133 points should down based on initial prediction. Now re calculated it. It will down maximum another 83.5, that means we are near to recovery. I mean rebound. That means ASPI will rebound 5772/-, It will be a strong one. Lets see.

Yes but that took so much time than i expected  Neutral

Downtrend supposed to be end at the end of January. However this won't last till March.

"The Spring" is not far away Smile

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
Hi teller what is the technique u use to predict ASPI???

Kipling


Expert
Expert
Hi Kavindu 
Will downtrend run till parliament dissolved on march3?

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Collect.. will not get a chance to buy good stocks at these prices again

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kipling wrote:Hi Kavindu 
Will downtrend run till parliament dissolved on march3?
Hi Kipling
Maybe. But i guess it will be over before feb ends.
Some factors such as corona caused the delay to start the uptrend.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Promoney wrote:Collect.. will not get a chance to buy good stocks at these prices again
Yeah they are currently at so much worthy prices.

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics
Hopefully election rally will start from next week $$$

Teller

Teller
Moderator
Moderator
Predicted ASPI @ 6072. NOW @ 5857, IT MUST REBOUND FROM 5772 With a strong support/Bull


_________________




Teller said is said..

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka Stock Market to remain flat in 2020 - Page 3 Screen87

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