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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Is This Market Trend Artificially Controlled

Is This Market Trend Artificially Controlled

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hawklk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I was not expecting an clear upwards trend in the market after COVID-19. Most of the companies books do not look good, but still the market is skyrocketing. After the elections the upwards trend increased and currently it is in OVER SOLD state.

This upward trend is good for me in one way, where I was able to recover my pre-covid disaster and make profits.

Can someone shed some light on this matter. Is This Market Trend Artificially Controlled?

Appreciate sensible comments rather that stupid ones.

samaritan


Moderator
Moderator
@hawklk wrote:I was not expecting an clear upwards trend in the market after COVID-19. Most of the companies books do not look good, but still the market is skyrocketing. After the elections the upwards trend increased and currently it is in OVER SOLD state.

This upward trend is good for me in one way, where I was able to recover my pre-covid disaster and make profits.

Can someone shed some light on this matter. Is This Market Trend Artificially Controlled?

Appreciate sensible comments rather that stupid ones.
I would attribute the market upturn to strong expectation of Corporate performance in the backdrop of successful control of Covid and prevailing very low market interest rates which has made investing in CSE as an attractive option. In addition to these factors the positive initiatives taken by Govt to attract local/foreign investments.


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