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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CSE should be kept closed!

CSE should be kept closed!

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41CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 1:05 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
When is it going to open

42CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 1:05 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
When is it going to open..

43CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 2:05 pm

chandike73


Equity Analytic
Equity Analytic
tomorrow

44CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 2:12 pm

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@bhanu wrote:When is it going to open..
Friday maybe

45CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 5:47 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
It is closed tomorrow and day after tomorrow..

46CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 5:53 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
Oh.. Good.. Some poor peoples money can be saved from Sharks...Why not also Friday ?

47CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 7:38 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
But once open there will be a huge selling due to exchange rate..

48CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 9:39 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
market closed is not solution we need to face reality.

49CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 9:49 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
@ColomboCSE wrote:market closed is not solution we need to face reality.
If that is the case, halting trading is also not a solution.

50CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Tue Mar 17, 2020 10:07 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@ChooBoy wrote:
@ColomboCSE wrote:market closed is not solution we need to face reality.
If that is the case, halting trading is also not a solution.
Exactly.. Why market to be stopped for 30 minutes if closing the market is not a solution? No need a regulator...

Special situations require special solutions..Letting market to crash only helps few, but affects many including the economy...

51CSE should be kept closed! - Page 3 Empty MARKET HOLIDAY ON 18TH MARCH 2020 Tue Mar 17, 2020 10:21 pm

sameera_cds


Equity Analytic
Equity Analytic
CSE should be kept closed! - Page 3 Img-2011

52CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 18, 2020 3:09 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Then close the market until CORONO problem solved few months or years.. Smile Smile Smile

53CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 18, 2020 7:45 am

Teller

Teller
Moderator
Moderator
Corona issue can solve in a short term. More than 40 vaccines and some of them live in clinical tests.


_________________




Teller said is said..

54CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 18, 2020 10:22 am

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
WHEN ALL OTHER MARKETS ARE OPEN INCLUDING CHINA & USA WHY OUR MARKET IS CLOSED, I PERSONALLY LIKE AT THIS MOVEMENT OF TIME CLOSING THE  MARKET. GL

55CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 18, 2020 12:13 pm

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
@Eugine Fernando wrote:WHEN ALL OTHER MARKETS ARE OPEN INCLUDING CHINA & USA WHY OUR MARKET IS CLOSED, I PERSONALLY LIKE AT THIS MOVEMENT OF TIME CLOSING THE  MARKET. GL
 Why do you like it? Is it because we have to go to the share market to buy shares, lot of people are there to buy shares and corona would be spread? Very Happy

56CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 18, 2020 12:28 pm

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Closing the market is not a solution, the effect will be worst once it is reopen. Automatic market adjustment to be happen and will readjusted when the situation is normal.

This is not a problam limited to our country but the entire world.

57CSE should be kept closed! - Page 3 Empty CSE should be opened Wed Mar 18, 2020 2:50 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
Unlike vegetables, shares are bought and sold on online platforms. A trader doesn't need to be physically present in the stock exchange.

It should be possible to keep CDS systems up and running with minimal staffing.

58CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Sat Mar 21, 2020 8:43 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
Lot of people asking for a 2 weeks shutdown. Is it even possible?🤔

59CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Sat Mar 21, 2020 9:21 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Colombo Stock Market, S&P has lost more than 10% of its market value within 1 hour of trading today. 
CSE is not a critical financial service and there is no urgency to keep the Stock Market open under current circumstances. 
By keeping the CSE open what are they trying to achieve? 
Are they trying to help the Government to overcome CoronaVirus or give an opportunity to cunning ruthless opportunist to gain at the expenses of innocent local investors. 
Further this will only allow foreign investors to take our foreign currency reserves away.
Most prudent thing is for CSE to remain close until we overcome CoronaVirus. 

#srilanka #coronavirus #cse #stockmarketcrash2020

60CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Sat Mar 21, 2020 9:39 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
We won't get foreign founds anyway. Due to the way that rupees keep losing. Dow Jones is now 19100. Lost almost 4 years gains within weeks. I have never seen cse this level for my time here

61CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Sun Mar 22, 2020 2:11 pm

nigma


Manager - Equity Analytics
Manager - Equity Analytics
හෙට සහ අනිද්දා මාකට් වහලා...

62CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Mon Mar 23, 2020 7:11 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@Eugine Fernando wrote:WHEN ALL OTHER MARKETS ARE OPEN INCLUDING CHINA & USA WHY OUR MARKET IS CLOSED, I PERSONALLY LIKE AT THIS MOVEMENT OF TIME CLOSING THE  MARKET. GL

I also in the same opinion. Most of us hardly have much money to invest in. So, sometimes market closure might give us temporary relief. (and it proved Friday that it won't be always the case) 

However, unscheduled market closures create a bad impression, particularly among foreign investors. They have all the right to sell at whatever the prices set by the market and withdraw their funds within a short period, especially in a crisis situation. 

But, if CSE continuously declares market holidays amidst pessimistic market conditions, it violates the rights of such foreign investors and it makes a bad preceding for the future too. That will be a reason for eroding confidence in CSE as a reliable market as  CSE is only an option for them. 

Therefore, CSE needs to make all effort to operate as planned at the beginning of the year (unless govt declared bank holidays) - at least restricted hours. I guess they have Business Continuity Plan (PCP) and can operate even from elsewhere. 

It is a decision of a particular investor whether or not to participate market activity.

63CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Mon Mar 23, 2020 8:22 pm

samaritan


Moderator
Moderator
@ChooBoy wrote:Colombo Stock Market, S&P has lost more than 10% of its market value within 1 hour of trading today. 
CSE is not a critical financial service and there is no urgency to keep the Stock Market open under current circumstances. 
By keeping the CSE open what are they trying to achieve? 
Are they trying to help the Government to overcome CoronaVirus or give an opportunity to cunning ruthless opportunist to gain at the expenses of innocent local investors. 
Further this will only allow foreign investors to take our foreign currency reserves away.
Most prudent thing is for CSE to remain close until we overcome CoronaVirus. 

#srilanka #coronavirus #cse #stockmarketcrash2020
Strongly agree. It would be prudent to close down CSE for two weeks in order to protect small fishes from Sharks.


_________________




The biggest risk in life is not taking any risk at all.

64CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 6:22 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
CSE need not to close.Stocks are sensitive and goes ups and down.Should not close and try to artificialy support the free fall.This is not about small fish vs sharks it's about greedy gamblers vs real investors.Good shares would bounch back speculation shares would vanish.Let's market behave natural ways without any artificial closures.

65CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 10:18 am

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
India is on a lockdown but Indian market is on so cse should kept open. This is not a good approach. Exchange rate getting higher day by day. Foreigners keep loosing money. Yep there is no such thing as fish and 🦈 only greed and fear

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