S&P has fallen more than 10% within first 33 seconds of trading and market is halted by CSE according to new rules!
Last edited by Quibit on Mon May 11, 2020 11:12 am; edited 5 times in total
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Last edited by Quibit on Mon May 11, 2020 11:12 am; edited 5 times in total
This is the result of long term market close. Look at today all foreign markets they remain open during the last one month without Adhoc close-downs. now all markets going up, even Indian sensex market. But due to prolonged close down all foreign investors lost their faith in our market. The result is this. even now we should keep open. otherwise, we can be kept close forever.Quibit wrote:This is why I said Market should not be opened. Now who benefited!. Only 24mn turnover.
I think it happened because the market was closed all this time.Quibit wrote:This is why I said Market should not be opened. Now who benefited!. Only 24mn turnover.
cseguide wrote:This is the result of long term market close. Look at today all foreign markets they remain open during the last one month without Adhoc close-downs. now all markets going up, even Indian sensex market. But due to prolonged close down all foreign investors lost their faith in our market. The result is this. even now we should keep open. otherwise, we can be kept close forever.Quibit wrote:This is why I said Market should not be opened. Now who benefited!. Only 24mn turnover.
agreed . If this market breakers will remain we can expect similar results in all 4 remaining days of this week. result is 50% market fall within one week and even after that the sellers will be their with lots of selling pressure. so we can expect this situation untill end of this month and thir after the force selling really will be started. Even one will like to buy shares this market will not allow him to do so due to excessive selling pressure. very pathotic condition when we think about our own market and whole economy.Quibit wrote:cseguide wrote:This is the result of long term market close. Look at today all foreign markets they remain open during the last one month without Adhoc close-downs. now all markets going up, even Indian sensex market. But due to prolonged close down all foreign investors lost their faith in our market. The result is this. even now we should keep open. otherwise, we can be kept close forever.Quibit wrote:This is why I said Market should not be opened. Now who benefited!. Only 24mn turnover.
Agreed. Now that market was opened, it should be kept opened.
CSE should reopen and let free market forces decide where market want to settle.
CSE should not have intervened by creating new circuit breakers.
CSE all should be blamed for not implementing short selling, which would have created a cushion for this fall.
Good thinking.nigma wrote:පරණ විදිහට තිබ්බනං හොඳ නැද්ද... අර කාලයක් තිබුණේ.... company එකක share price එක 10% වඩා අඩු හෝ වැඩි වෙන විට එම company එකේ පමණක් trade නවත්තන එක
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