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CSE should be kept closed! - Page 4 Vote_lcap11%CSE should be kept closed! - Page 4 Vote_rcap 11% [ 21 ]
CSE should be kept closed! - Page 4 Vote_lcap20%CSE should be kept closed! - Page 4 Vote_rcap 20% [ 37 ]
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CSE should be kept closed! - Page 4 Vote_lcap40%CSE should be kept closed! - Page 4 Vote_rcap 40% [ 76 ]

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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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76CSE should be kept closed! - Page 4 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 4 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 4 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 4 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 6:06 am

Junior investor


Manager - Equity Analytics
Manager - Equity Analytics

''after everting settles.''

when? after April

80CSE should be kept closed! - Page 4 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

81CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 7:58 am

npgslnawa


Manager - Equity Analytics
Manager - Equity Analytics

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

What is the criteria for determining the beginning or end of this crisis?  People should be free to buy and sell shares.  Demand and supply determine the price of a share.  The closure of the market and the manipulation of prices is a destructive of this process.  I have never heard of a market closure in demand supply theory.

So why are other countries keeping the market open?  Is it because economists in those countries have little knowledge?

Please explain for our knowledge....Tnx.

82CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 10:53 am

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Quibit wrote:CSE is not an essential service. Opening CSE will only create panic and pandemonium. Its best that we open the market after everting settles.
YOU THINK  USA AND INDIA ARE STUPIDS TO KEEP  OPEN THE MARKET AFTER ALL THEY HAVE EFFECTED MORE THAN  US. THINK POSITIVE THEN EVERY THING WILL BE OK. THE QUANTITY OF HAPPINESS DEPENDS ON THE QUALITY OF THINKING. GL

83CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 12:06 pm

heshan1997


Equity Analytic
Equity Analytic

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

What is the criteria for determining the beginning or end of this crisis?  People should be free to buy and sell shares.  Demand and supply determine the price of a share.  The closure of the market and the manipulation of prices is a destructive of this process.  I have never heard of a market closure in demand supply theory.

So why are other countries keeping the market open?  Is it because economists in those countries have little knowledge?

Please explain for our knowledge....Tnx.

True! Now they are controlling our ability to sell and buy whenever we want..

84CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 3:08 pm

ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

The USA president does have the power to close markets in response to a crisis such as the COVID-19 pandemic. The markets have been closed many times due to war, attack, victory, deaths of presidents, and the celebration of historical events, both natural and man-made. The longest close is four months.

85CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Fri Mar 27, 2020 4:40 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics

But he didn't close it.

86CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun Mar 29, 2020 6:15 pm

ChooBoy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

In view of the extension of the curfew by the Government, the Colombo Stock Exchange (CSE) has decided that the CSE will remain closed for Trading on Monday, 30th March 2020.
 
Accordingly, 30th March 2020 will be considered as a market holiday.#lka

87CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun Mar 29, 2020 6:40 pm

Yahapalanaya

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

Everyone is going to loose confidence in CSE.Even local investor could't cash out or shaffle his portfolia as he wish according to current local/international oil crisis/production demand.This is the fool government and doom for Srilanka.

88CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun Mar 29, 2020 7:45 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics

This may be a plan to show good numbers in year end reports.. it is obvious that market will go down

89CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun Mar 29, 2020 8:04 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics

Market may be reopened in third week of May.

90CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Tue Mar 31, 2020 3:04 am

Yahapalanaya

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

https://cdn.cse.lk/cmt/upload_cse_report_file/circulars_352_30-03-2020.pdf

What a Joke!!!

91CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Tue Mar 31, 2020 3:30 am

npgslnawa


Manager - Equity Analytics
Manager - Equity Analytics

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

What is the criteria for determining the beginning or end of this crisis?  People should be free to buy and sell shares.  Demand and supply determine the price of a share.  The closure of the market and the manipulation of prices is a destructive of this process.  I have never heard of a market closure in demand supply theory.

So why are other countries keeping the market open?  Is it because economists in those countries have little knowledge?

Please explain for our knowledge....Tnx.

In view of the extension of the curfew by the Government, the Colombo
Stock Exchange (CSE) has decided that the CSE will remain closed for Trading on Tuesday, 31st March 2020.

The reason for the closure of the market as shown here is the extension of curfew.  It is not an action to prevent a market crash as you say.

92CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Tue Mar 31, 2020 5:16 pm

nigma


Manager - Equity Analytics
Manager - Equity Analytics

ඇඳිරිනීතිය නිමවනතුරු කොළඹ කොටස් වෙළෙඳපොළ වසා තබනු ලැබේ....

93CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sat May 09, 2020 4:11 pm

ChooBoy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Quibit wrote:I think its best CSE take steps to closedown(Quarantine) the stock market for 2 week by restricting trading for once a week.

සඳුදා සිට කොටස් වෙළෙඳපොළ විවෘතයි. ගනුදෙනු පැය 2කට සීමාවෙයි

May, 9, 2020 


CSE should be kept closed! - Page 4 CSE-20170117_1244281
කොළඹ, ගම්පහ, කලුතර සහ පුත්තලම දිස්ත්‍රික්කවල රාජ්‍ය හා පෞද්ගලික ආයතනවල කටයුතු මැයි 11 දින සිට යළි ආරම්භ කිරීමට ගෙන ඇති රජයේ තීරණයට අනුව කොළඹ කොටස් වෙළෙඳපොළ කටයුතු ද මැයි 11 දින සිට නැවත ඇරඹීමට කටයුතු යොදා තිබේ.
මේ පිළිබඳව නිවේදනය කරමින් කොළඹ කොටස් වෙළෙඳපොළ ප්‍රධාන නියාමන නිලධාරී රේණුක විජයවර්ධන පවසන්නේ පැය 2ක කාලයකට පමණක් ගනුදෙනු සඳහා කොටස් වෙළෙඳපොල මැයි 11 සිට විවෘත කෙරෙන බවයි. කොටස් වෙළෙඳපොළ තැරැව්කාර ආයතන වෙත නිවේදනයක් නිකුත් කරමින් ඔහු මේ බව කියා සිටී. 
මේ අනුව පෙරවරු 11.00 සිට පස්වරු 1.00 දක්වා දෛනික ගනුදෙනු ක්‍රියාත්මක වීමට නියමිතය. සාමාන්‍යයෙන් කොළඹ කොටස් වෙළෙඳපොළ ගනුදෙනු කාලසීමාව පෙරවරු 9.30 සිට පස්වරු 2.30 දක්වා පැය 5කි.
සමාජ දුරස්ථභාවය පවත්වා ගැනීම, ජනතාවට නිවෙස්වලටම වී සිටීමට උපදෙස් දී තිබීම ඇතුළු කරුණු ගණනාවක් සලකා බලා ඇඳිරි නීතිය ඉවත් කෙරෙන තුරු පසුගිය අප්‍රේල් 01 දින සිට කොළඹ කොටස් වෙළෙඳපොළ වසා දැමීමට මීට පෙර තීරණය කෙරුණි. අවසන් වරට කොටස් වෙළෙඳපොළ ගනුදෙනු සඳහා විවෘත වූයේ පසුගිය මාර්තු 20 වන දිනය.

94CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 11:32 am

samaritan


Moderator
Moderator

Quibit wrote:I think its best CSE take steps to closedown(Quarantine) the stock market for 2 week by restricting trading for once a week.
Some points in favour of the closure of CSE.,

The worldwide pandemic was an unprecedented, exceptional event that took place after nearly 100 years. So none had a clue on how it would impact our country, given the fact that the economic giants like the US & European nations were grappling with it desperately to keep the spread under control.

So, naturally the perception at the time would have been that when developed high tech nations were struggling with the pandemic, things would be much worse in a developing country like ours. Let's be honest we all thought that we were going to face a huge disaster in relation to the pandemic.  Naturally that causes panic in all investors including the foreigners. Foreigners would have been more pessimistic about our capacity to control such a pandemic. So, its every bodies guess what would have happened in a panic stricken situation like what prevailed.

As at now, to every ones surprise the pandemic has been brought under control in our country in comparison to and to the envy of the developed first world nations. This could influence the perception of all investors as at now. We are well placed for a speedy recovery as at now with prospects of attracting investments in the future for being a safe island nation blessed with an enviable natural environment.

An example for the clear change in perception is that even prospective Sri Lankan brides are rejecting proposals from grooms based in US & Europe, which was not so prior to the outbreak of the pandemic.CSE should be kept closed! - Page 4 Icon_smile 

A market free fall based on perceived fear of incapacity to control the pandemic has been avoided by the closure. 

Although there are cons against closure of CSE as reasoned by several members of the forum, in my view the pros outweigh the cons.

95CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 12:36 pm

Kipling


Expert
Expert

Hi Samaritan 
Great to see you return at this crucial moment & as always with the customary wisdom. 
I heard that First Capital (Dimantha Matthew) had painted a vision of a bloodbath with a target of 3500. Foreign funds are to flee completely. Have zero respect for that outfit for good reason. Please give me your take. I think GR has done an amazing C19 control effort in line with other Asian nations. If not for the Navy cases we would have had a better record than even Taiwan.

96CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 12:43 pm

ChooBoy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Market and country should be closed until all are tested for Covid19. Testing Navy alone is not enough. All offices and factories should test their employees for Covid before they start work. otherwise we can look forward for a another lockdown by end of the week when offfices and factory clusters start detecting covid19 positive staff and workers.

All Employers should take the responsibility for testing their staff before commencement of work. Just imagine watts going to happen when CSE, Stock Broker staff is completed to be quarantined. My guess is market won't reopen. Even if its reopened it will be closed within a week.

Hold your breath!

Unwise Short term solution will only bring long term repercussion!

97CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 12:56 pm

Quibit


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

roshan1039 wrote:
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

JOKE?
Yes very serious Joke. I guess DAMMIKA PERERA IS ALSO JOKING.
I agree with DP although I don't have any respect for him. Market should be kept Closed until all CSE staff and Brokers are tested for COVID 19.

98CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 1:32 pm

samaritan


Moderator
Moderator

Kipling wrote:Hi Samaritan 
Great to see you return at this crucial moment & as always with the customary wisdom. 
I heard that First Capital (Dimantha Matthew) had painted a vision of a bloodbath with a target of 3500. Foreign funds are to flee completely. Have zero respect for that outfit for good reason. Please give me your take. I think GR has done an amazing C19 control effort in line with other Asian nations. If not for the Navy cases we would have had a better record than even Taiwan.
No doubt GR has indeed done an amazing job in countering the covid spread.As it is uncertainty prevails world over as the pandemic is not confined to certain regions or parts, impacting negatively on the global economy. In my view the countries which are able to control the spread of covid successfully until a vaccine is found will be at an advantage for early resilience. Furthermore, Japanese govt sponsored relocation of their business interests from China are underway. I see Sri Lanka as a lifeboat in close proximity to the titanic that's heading towards the iceberg.

99CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 1:42 pm

Kipling


Expert
Expert

Thank you Samaritan.
Await your take on CSE Given Monday open as well as FC Blood on the Street Hysteria.

100CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 8:24 pm

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dhammika Perera is not a good example to take. I watched both his interviews lately and I have been put off by his ways. He is a master deceiver and he takes control of the situation during the interviews and completely tries to deviate from it. He doesn't answer to the point nor he is revealing. I guess that is his key to success. I respect the man very much. But not a good example to find him aspiring. He was pro towards the closure of the market for one simple reason. His net worth will come down collapsing. His companies value will drop in value which could give opportunities to other big players to buy a stake. He is clueless and short-sighted on how his investments will end up. 

There is nothing pro about the closing of the market. What they did was wrong and it screwed up investors' confidence. The pandemic might take at least a year to flatten, but we wouldn't know when a second or third wave would hit. Do you think each time a wave comes, you have to close the banks and access to hospitals and other essentials services that might be important to you but not important to others or for their own benefit.?? I don't think you will enjoy the fact if access to vegetables (economic centers were closed) or if the bank tells you one day that you can't pull your money at once or immediately. This is what CSE did for closing for 7 weeks. Closing for a week or two is fine, and within that week like the rest of us have done, we have adapted and strategized and try to work things around. For seven weeks SEC was silent while CSE was telling them to open. 

And during the seven weeks now, CSE, SEC, and all stockbrokers should have been tested. It is going to be a waste of time doing that now, but better late than never. 

GR has done a tremendous job, however, SEC executives didn't do their job well. They were lame ducks. And much as GR or DP and others are trying to paint a positive picture (false). I believe people should know the truth and tell them to prepare without getting our hopes high and disappointing us. Then we know how we can tackle the future. 

Imagine a second wave coming and it been closed down, I don't want my money stuck in a market that is intervened by the state or regulatory destroying only thing which supposed to be free market.

In my opinion, pull out your money and keep liquid assets with you. Another lockdown and you will be stuck again. I respect Dimantha for actually telling the truth. In the Echelon magazine he painted a different picture, but at the zoom session he actually told the truth. All the analysts told the truth.

its good to go back to work, but it's not fully opened. District wise we can't cross borders, (nonessential) but we are going to have another wave coming in. Because they are focused on elections and want to show we have eradicated. I personally don't want to go and vote and a large amount of consensus shows that they don't want to either. Most of them are actually satisfied with this 20 or less cabinet running the country.


Good days will come ahead. Just don't be stupid and burn your money. I 've been in this forum for the last 10 years. I witnessed the big bull run and the small one. This is going to be a painful bear rally. Swallow the truth pill and come up with your plans.

101CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 8:44 pm

Teller

Teller
Moderator
Moderator

Agree, CSE should open ,

102CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Sun May 10, 2020 8:53 pm

Yahapalanaya

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

Pure investor's basic right to buy good shares at low price in bare market refused.Even true investors couldn't cash out in these long closing period.This is clearly shows that CSE is controlled by manipulated,corrupted and deal people.We could see effect of this senseless,selfish act of certain people in coming days

103CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Mon May 11, 2020 10:43 am

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

අද 11ට මාර්කට් එක අරිනවා. කලබල වෙලා විකුනන්න යන්න එපා.

just hold hold hold

104CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Mon May 11, 2020 10:48 am

Quibit


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

Lets see the blood bath. Mostly sellers no buyers. There will be deperciation of the rupee. EPF should intervene and save the rupee.

Likely to fall 10% within an hour and brokers can go home early.

105CSE should be kept closed! - Page 4 Empty Re: CSE should be kept closed! Mon May 11, 2020 10:54 am

nigma


Manager - Equity Analytics
Manager - Equity Analytics

අද 12.10 -12.20 අතර අද දවසට ගනුදෙනු අවසන් වෙනවා..

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