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

CSE should be kept closed!

+27
wallstreetguy
Kipling
God Father
ResearchMan
anges
npgslnawa
samaritan
MoneyLover
Antonym
thankrishan
chandike73
cseguide
sameera_cds
Eugine Fernando
heshan1997
Yahapalanaya
nigma
ChooBoy
NANDANA2012
bhanu
roshan1039
Teller
ColomboCSE
Quibit
KavinduTM
kasun_gimhana
Junior investor
31 posters

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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


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

sameera_cds wrote:CSE should be kept closed! - Page 3 Img-2011
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


Moderator
Moderator

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

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


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


Senior Manager - Equity Analytics
Senior 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.

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

66CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 11:24 am

samaritan


Moderator
Moderator

Global stock markets surge after weeks of losses!
https://www.bbc.com/news/business-52028673

67CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 1:02 pm

Teller

Teller
Moderator
Moderator

CSE should be kept closed! - Page 3 Screen37
Why is there not any transparency ? Who can give us the correct figure?

68CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 1:05 pm

Teller

Teller
Moderator
Moderator

CSE should be kept closed! - Page 3 Img-2018

CSE should be kept closed! - Page 3 Img-2019
CSE should be kept closed! - Page 3 >2020
How india is controlling ? Its a nice move

69CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 4:40 pm

npgslnawa


Manager - Equity Analytics
Manager - Equity Analytics

Teller wrote:CSE should be kept closed! - Page 3 Screen37
Why is there not any transparency ? Who can give us the correct figure?
What is your information source. ?

70CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 10:21 pm

heshan1997


Equity Analytic
Equity Analytic

CSE Should Open Soon!!

71CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Wed Mar 25, 2020 11:11 pm

Teller

Teller
Moderator
Moderator

Yes, CSE should open, even india s lock down time ,BSE trades. As system is automated, We have to open the market

72CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Thu Mar 26, 2020 4:51 am

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

closing market shows negative sentiment ....ex.global crisis hong kong market ..china closed it for a few days ..only to open ..a crashed market ...same thing will happen here .market will lose 500 points and panic will set in .....only God knows where it will end .

just my thought hope i am wrong

73CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Thu Mar 26, 2020 5:06 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Would foreign investors come again if they cannot take their cash when they wanted.....Is it Weerawansa's idea to close market to prevent foreigners withrawing from CSE... Laughing Laughing Laughing

74CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Thu Mar 26, 2020 8:19 am

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

the thing is, let's say foreigners and all want to sell but there should be buyers right? will anyone buy in this kind of uncertainty? so yes market will go down a little bit but not in a massive amount.

අපි හිතමු විදේශිකයොයි අනෙක් ඔක්කොමයි කොටස් විකුනන්න හදනවා කියලා, නමුත් ඒවා ගන්නත් කව්රුහරි ඉන්න ඕන. මේ වගේ වෙලාවලට හුඟදෙනෙක් මිලදී ගන්න බයයි. ඒ නිසා මාර්කට් එක විශාල ලෙස පහත බැසීමෙ සම්භාවිතාව අඩුයි.

75CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Thu Mar 26, 2020 1:07 pm

Teller

Teller
Moderator
Moderator

Simply supply and demand will work . So let it open. Wimale was the industrial minister , what does he know about CSE. ??

76CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Thu Mar 26, 2020 5:42 pm

npgslnawa


Manager - Equity Analytics
Manager - Equity Analytics

Central Bank, Commercial Banks, Insurance services & Treasury declared as essential services by President - PMD

Only CSE is closed. Why is that???

77CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Thu Mar 26, 2020 6:14 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

CSE is not essential service. Opening CSE will only create panic and pandemonium. Its best that we open the market after everting settles.

78CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Thu Mar 26, 2020 6:14 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

CSE is not an essential service. Opening CSE will only create panic and pandemonium. Its best that we open the market after everting settles.

79CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 6:06 am

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

''after everting settles.''

when? after April

80CSE should be kept closed! - Page 3 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 6:57 am

roshan1039


Moderator
Moderator

Quibit wrote:CSE is not essential service. Opening CSE will only create panic and pandemonium. Its best that we open the market after everting settles.
Joke

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