CSE geared into BULL mode

samaritan · 1 CSE geared into BULL mode Mon Jun 22, 2020 4:28 pm

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The whole country is nearing the much anticipated General Election in early August. The outcome is very well known and its reflected in the CSE indices.
The elephant will end up at the zoo or a temple, the antique telephone will end up at the museum, while the flower bud will dominate its presence at the Diyawanna house.
Can foresee a strong bull market under a stable Govt with a vibrant economic policy.

soileconomy · 2 Re: CSE geared into BULL mode Tue Jun 23, 2020 5:36 am

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Stable political environment brings much investments locally and internationally

Yahapalanaya · 3 Re: CSE geared into BULL mode Tue Jun 23, 2020 6:17 am

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soileconomy wrote:Stable political environment brings much investments locally and internationally

Yes When SJB win stable political environment prevail and all corrupted pohotuwa would be out. Rolling Eyes

samaritan · 4 Re: CSE geared into BULL mode Tue Jun 23, 2020 9:35 am

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Yahapalanaya wrote:

soileconomy wrote:Stable political environment brings much investments locally and internationally

Yes When SJB win stable political environment prevail and all corrupted pohotuwa would be out. :roll: :roll: :roll:

Harjan Alexander will be made CB governor by the telephone kalliya after a plastic surgery to the face and bariatric surgery to slim down!

soileconomy · 5 Re: CSE geared into BULL mode Tue Jun 23, 2020 9:04 pm

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Yahapalanaya wrote:

soileconomy wrote:Stable political environment brings much investments locally and internationally

Yes When SJB win stable political environment prevail and all corrupted pohotuwa would be out.

SJB or UNP ?

samaritan · 6 Re: CSE geared into BULL mode Wed Jun 24, 2020 9:28 am

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Lots of good news. People are silently & impatiently waiting to board the bus. Ha..Ha....Haaaaa!!!

Kipling · 7 Re: CSE geared into BULL mode Wed Jun 24, 2020 10:02 am

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Samaritan
A few questions on which your prompt feedback is greatly valued.
1) By August 5 where do you see JKH
2) I hear that GR will introduce a Singapore style casino bill & 2-3 international operators will be permitted to work with local partners. Jkh + Genting sure to be one. Any information?
3) if casino given where will JKh be?
Thank you.

mahasona2 · 8 Re: CSE geared into BULL mode Wed Jun 24, 2020 10:34 am

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Kipling wrote:Samaritan
A few questions on which your prompt feedback is greatly valued.
1) By August 5 where do you see JKH
2) I hear that GR will introduce a Singapore style casino bill & 2-3 international operators will be permitted to work with local partners. Jkh + Genting sure to be one. Any information?
3) if casino given where will JKh be?
Thank you.

if all this comes true and i am for it it will happen JKH WILL BE 225 +

Kipling · 9 Re: CSE geared into BULL mode Wed Jun 24, 2020 10:36 am

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Do you have any information that this will happen?
Even without this information where do you see jkh by August 5?

samaritan · 10 Re: CSE geared into BULL mode Wed Jun 24, 2020 11:00 am

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samaritan wrote:Lots of good news. People are silently & impatiently waiting to board the bus. Ha..Ha....Haaaaa!!!

160+ is my forecast.

samaritan · 11 Re: CSE geared into BULL mode Wed Jun 24, 2020 11:01 am

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Kipling wrote:Samaritan
A few questions on which your prompt feedback is greatly valued.
1) By August 5 where do you see JKH
2) I hear that GR will introduce a Singapore style casino bill & 2-3 international operators will be permitted to work with local partners. Jkh + Genting sure to be one. Any information?
3) if casino given where will JKh be?
Thank you.

160+ is my forecast

samaritan · 12 Re: CSE geared into BULL mode Wed Jun 24, 2020 11:12 am

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By end August AEL will reach dizzy heights RHL too could make investors raise eyebrows!

GOSL · 13 Re: CSE geared into BULL mode Mon Jun 29, 2020 3:05 pm

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[size=33]SEC continues engaging with capital market stakeholders[/size]

CSE geared into BULL mode Sec-1

Meeting with the Stock Broker Firms on Digitalization of the Colombo Stock Market

CSE geared into BULL mode Meeting-with-CCC

CSE geared into BULL mode Meeting-with-Lawyers-2

GOSL · 14 Re: CSE geared into BULL mode Mon Jun 29, 2020 3:07 pm

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“The Chairman also informed them that the Commission was at present going through the draft SEC Act and the Demutualization Act and that its recommendations would be submitted to the Ministry of Finance before the end of next month and assured them that steps would be taken to ensure their speedy enactment.

As part of its continuing efforts to reach out to market participants Viraj Dayaratne PC, Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) along with other Commission Members met with representatives of the Ceylon Chamber of Commerce, Law Firms and Stockbroker Firms. These interactions were held as part of a series of meetings that the Chairman commenced with various stakeholders after assuming office in January 2020.
During the meetings, the Chairman briefed the delegates on the reasons that prevented the stock market from being opened during the recent curfew which was imposed by the Government in order to minimize the risk of the COVID-19 (coronavirus) spreading. He went on to state that in order to ensure that there were no operational difficulties in similar situations in the future, he had appointed a joint committee comprising members of the SEC and Colombo Stock Exchange (CSE) to digitize all core activities of the market and that the process of such digitization was progressing smoothly and that they were hopeful that within a period of three months it would be possible to have such a system in place. The SEC recently approved the amendment of the necessary Rules to offer investors a fully digital onboarding experience. This transformation is expected to enable stockbrokers to strengthen service delivery, improve efficiency and have greater agility.
The delegation from the Chamber pointed out the need to encourage more companies to list as well as to have in place an apex committee comprising capital market stakeholders including the SEC, CSE, Central Bank of Sri Lanka, Ministry of Finance and other key policy makers including industry bodies to decide on matters related to capital market policy.
The Chairman welcomed the suggestions and stated that the SEC fully appreciates the need to attract more companies to list, especially Small and Medium Scale Enterprises (SMEs) and explained to the delegation that already the SEC has taken certain steps in that direction and pointed out that it had approved the amendments in respect of listing requirements applicable to the Main Board as well as the Dirisavi Board and that they will come in to force in the near future. These new Rules have introduced revenue, market capitalization and positive operating cashflows as alternative criteria in the determination of eligibility for listing. This will now enable a diverse range of companies such as SMEs, Information Technology companies as well as companies with different business models such as those which provide delivery of food and other essentials and services to have their businesses listed.
The delegates from the Law Firms contended that certain regulatory measures presently in force are seen as an impediment to new listings and also stated that the SEC at times had been somewhat rigid in the application of Rules and Regulations. The Chairman explained to them the need to have a robust regulatory system in order to ensure the integrity of the market but said that the SEC will certainly adopt a very pragmatic and practical approach in the process of regulation and called upon the delegates to point out any particular Rules or Regulations which they consider to be too rigid so that they could be looked at by the SEC. The Chairman also informed them that the Commission was at present going through the draft SEC Act and the Demutualization Act and that its recommendations would be submitted to the Ministry of Finance before the end of next month and assured them that steps would be taken to ensure their speedy enactment. The Law Firms were requested to submit any recommendations they had with regard to the draft laws as well as on any other regulatory matter.
In the discussions with the stockbroker firms, the Chairman explained the work that was in progress with regard to the digitization of the stock market and called upon the broker firms to support and actively participate in the ongoing initiatives of the SEC-CSE joint committee. He also referred to the other joint committee that had been established to broad base the market and create awareness amongst the general public and called upon the stockbroker firms to partner with the SEC and CSE in these initiatives and to play a more aggressive role. The delegates appreciated the clarifications given by the SEC to queries raised during these meetings and they were encouraged to submit further suggestions to the SEC with regard to the development of the market. They were also informed that the SEC would continue to engage with the stakeholders on a regular basis in order to discuss matters of mutual interest.

samaritan · 15 Re: CSE geared into BULL mode Tue Jun 30, 2020 9:35 am

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Some of the reasons that makes CSE attractive.,

1. lower interest rates

2. real estate prices that went through the sky is on a decline

3. successfully defeating the covid19 pandemic, which is kept under control

4. stock market friendly and development oriented govt to take office after election

5. A progressive economic policy to be adopted by the new govt

The market is bound to witness a bull run that will gain momentum soon after polls.

Breaking News:
Mark Mobius upbeat on investment, growth prospects for post-COVID SL!
http://www.ft.lk/front-page/Mark-Mobius-upbeat-on-investment-growth-prospects-for-post-COVID-SL/44-702350#.Xvq3ARsWqQA.twitter

Roshan Fernando · 16 Re: CSE geared into BULL mode Thu Jul 02, 2020 8:36 am

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18th August 2011

CSE Records Highest Number of Trades in a Day

The Colombo Stock Exchange recorded its highest number of trades in a day with 49,921 trades being recorded on 18 August 2011 , surpassing the previous record of 41,294 trades recorded on 7th January 2011. The average number of daily trades so far this year is 21,701.

The All Share Price Index closed at 7,030.85 at the end of trading today, while the Milanka Price Index closed at 6,410.12. The turnover for the day was Rs. 6,394,442,741.

( Data as per the press release of CSE)

I hope it was the great day of CSE in the history and it was the peak of the ASI, If we enter to invest in that period, end up with huge losses

engineer · 17 Re: CSE geared into BULL mode Thu Jul 02, 2020 9:05 am

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Roshan Fernando wrote:
18th August 2011

CSE Records Highest Number of Trades in a Day
The Colombo Stock Exchange recorded its highest number of trades in a day with 49,921 trades being recorded on 18 August 2011 , surpassing the previous record of 41,294 trades recorded on 7th January 2011. The average number of daily trades so far this year is 21,701.

The All Share Price Index closed at 7,030.85 at the end of trading today, while the Milanka Price Index closed at 6,410.12. The turnover for the day was Rs. 6,394,442,741.

( Data as per the press release of CSE)

I hope it was the great day of CSE in the history and it was the peak of the ASI, If we enter to invest in that period, end up with huge losses

Wow, thanks for this share every time I tech analyze a share I see this boom it jst takes me away for a couple of seconds imagining the profits/losses made by our very own investors back then

ErangaDS · 18 Re: CSE geared into BULL mode Thu Jul 02, 2020 12:01 pm

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Expected correction!!! 5100 holding well so far . Let’s grab the opportunity before the next run

samaritan · 19 Re: CSE geared into BULL mode Mon Jul 06, 2020 1:29 pm

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RHL showing signs of an impending run.

Kipling · 20 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:13 pm

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Have we resumed the bull run

Rational Investor · 21 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:25 pm

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Strong support shown around 5050 cheers

Kipling · 22 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:27 pm

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Jkh big drag today. Has the sale gone through. Will jkh resume the run especially with Colombo Casino area becoming reality.

Rational Investor · 23 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:31 pm

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Yes,

JKH-Strong support shown at 112-112.50.Most importantly other index heavy shares (et-CTC, NEST)are holding the ground to offset the impact from SAMP & JKH which will ultimately join the run once those cool down bit more. Basketball

Kipling · 24 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:33 pm

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Thanks..Talk that jkh driven down for a crossing. Is that done today.

Thushara Ayya · 25 Re: CSE geared into BULL mode Mon Jul 06, 2020 4:52 pm

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Friends, I think JKH selling is over now....

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CSE geared into BULL mode

1 CSE geared into BULL mode Mon Jun 22, 2020 4:28 pm

samaritan

2 Re: CSE geared into BULL mode Tue Jun 23, 2020 5:36 am

soileconomy

3 Re: CSE geared into BULL mode Tue Jun 23, 2020 6:17 am

Yahapalanaya

4 Re: CSE geared into BULL mode Tue Jun 23, 2020 9:35 am

samaritan

5 Re: CSE geared into BULL mode Tue Jun 23, 2020 9:04 pm

soileconomy

6 Re: CSE geared into BULL mode Wed Jun 24, 2020 9:28 am

samaritan

7 Re: CSE geared into BULL mode Wed Jun 24, 2020 10:02 am

Kipling

8 Re: CSE geared into BULL mode Wed Jun 24, 2020 10:34 am

mahasona2

9 Re: CSE geared into BULL mode Wed Jun 24, 2020 10:36 am

Kipling

10 Re: CSE geared into BULL mode Wed Jun 24, 2020 11:00 am

samaritan

11 Re: CSE geared into BULL mode Wed Jun 24, 2020 11:01 am

samaritan

12 Re: CSE geared into BULL mode Wed Jun 24, 2020 11:12 am

samaritan

13 Re: CSE geared into BULL mode Mon Jun 29, 2020 3:05 pm

GOSL

14 Re: CSE geared into BULL mode Mon Jun 29, 2020 3:07 pm

GOSL

15 Re: CSE geared into BULL mode Tue Jun 30, 2020 9:35 am

samaritan

16 Re: CSE geared into BULL mode Thu Jul 02, 2020 8:36 am

Roshan Fernando

17 Re: CSE geared into BULL mode Thu Jul 02, 2020 9:05 am

engineer

18 Re: CSE geared into BULL mode Thu Jul 02, 2020 12:01 pm

ErangaDS

19 Re: CSE geared into BULL mode Mon Jul 06, 2020 1:29 pm

samaritan

20 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:13 pm

Kipling

21 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:25 pm

Rational Investor

22 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:27 pm

Kipling

23 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:31 pm

Rational Investor

24 Re: CSE geared into BULL mode Mon Jul 06, 2020 3:33 pm

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25 Re: CSE geared into BULL mode Mon Jul 06, 2020 4:52 pm

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