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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Market should come back to 5600

Market should come back to 5600

+21
smnsam
Kipling
spindain
EquityChamp
dayandacool
THASSIM
shan31
bhanu
fireshelter
Promoney
wealth123
madukp
Junior investor
judecroos
Jay-Jay
Eranga87
ONTHEMONEY
Love Boy
upandaway
SANJAYANM
vikiperera
25 posters

Go to page : 1, 2  Next

Go down  Message [Page 1 of 2]

1Market should come back to 5600 Empty Market should come back to 5600 Wed Sep 30, 2020 3:15 pm

vikiperera


Manager - Equity Analytics
Manager - Equity Analytics

Market over bought. Foreign buying will not come due to moody effect. So no traders confident

2Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 3:27 pm

SANJAYANM


Senior Equity Analytic
Senior Equity Analytic

I don't think so.
Still the sales are absorbing by local investors.
Even Guardian investment also bought by foreign party.
Lot of local money are invested in local market due to very low interest rates on fixed deposits.

kalu351 and Eranga87 like this post

3Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 3:43 pm

vikiperera


Manager - Equity Analytics
Manager - Equity Analytics

මිනිස්සු ඔක්කොම සල්ලි දාන්නේ සුද්දෝ ඇවිල්ල ඉතුරු ටික ඉස්සරහට ඇදගෙන යයි කියන බලාපොරොත්තුව මත නමුත් ්‍රී ලංකාව තුළ ආයෝජනයට සුද්දො එන්නෙ නෑ

kalu351 dislikes this post

4Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 4:04 pm

upandaway


Stock Analytic
Stock Analytic

Unlikely, probably for only certain shares that are overvalued.
Changes could probably be seen after Q3 results

5Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 4:08 pm

Love Boy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

vikiperera wrote:Market over bought. Foreign buying will not come due to moody effect. So no traders confident
 50% agree with you. but, this is the time for Finance sector.

wealth123 likes this post

6Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 4:27 pm

ONTHEMONEY


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

vikiperera wrote:Market over bought. Foreign buying will not come due to moody effect. So no traders confident
Hi VikiPerera, 

The outcome of the Moody's downgrade was felt earlier by CSE in which we observed by continuous foreign sales in stocks, since the post COVID19 opening of CSE. 

However, net foreign buying was witnessed in Bonds during last week. The trend may reverse now. 

I don't agree with your observation due to following; 

The country risk was on the cards mainly stemming from the  COVID19 shocks to most of the frontier markets like Pakistan. But a negative impact for respective stock markets have not recorded after the downgrade.


If the country becomes defaulting as per the downgrade by Moody's Ratings yesterday, I don't think even a Bank or a Finance company would secure any individual's deposits. 

Bilateral negotiations will be the only surviving factor and heard that it is already being discussed with China and India. Please refer the following link 
http://www.ft.lk/front-page/SL-looking-to-tackle-trade-deficit-with-India-Cabraal/44-706721

These days will be ideal for high level of collection and increase your portfolio. The market could react a bit for the news. However, what I feel is the ASI demand was primarily from Local investors based on the fundamentals and speculative. 


Therefore, all the STOCKS which are FUNDAMENTALLY STRONG and HAVING STRONG EARINING POTENTIAL in COMING QUARTERS will absorb the any selling pressure in case of a pull back with incremental buying pressure because of the dividend and capital gain is far better than Bank's interest rate going @ 5% p.a.

However, stocks went on a SPECULATIVE note will be corrected with diminished buying pressure.


Good Luck

shan31, Chithi and Eranga87 like this post

7Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 4:41 pm

Eranga87


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

Maximum down ASI 5750 level. can expect at least down up to 5850 levels. but, cant expect maximum downward due to local most the retailer absorbs foreign sellings. day to day, new cash flows are coming to the market. can expect minimal corrections for the stability of the market. better to hold and collect this period. again these changes will come @ market index 7000.
the national budget on the way.. they will give encourage the capital market and attract FDI.
HURRY UP THIS IS A TIMES FOR COLLECTIONS.

Chithi, Kipling, Win Win, geesura and jmnaleem like this post

8Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 5:28 pm

Jay-Jay

Jay-Jay
Manager - Equity Analytics
Manager - Equity Analytics

if it comes to 5600   .... .  i will sell my house and invest in the Market . . . . .  !!!!


technical charts indicate Market to reach 7000 - 7500 levels before the end of year .


some brokers wanted to take down the market ,,,,,  with the help of Moody .... which was failed .


CARS and BUKI is the reason for market in the Red ....  not the Moody  .

.

wealth123, Chithi, Kipling, Eranga87, Riz123, Win Win and judecroos like this post

9Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 7:09 pm

judecroos


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

Jay-Jay wrote:if it comes to 5600   .... .  i will sell my house and invest in the Market . . . . .  !!!!


technical charts indicate Market to reach 7000 - 7500 levels before the end of year .


some brokers wanted to take down the market ,,,,,  with the help of Moody .... which was failed .


CARS and BUKI is the reason for market in the Red ....  not the Moody  .

.
Yes you are correct I will collect as much as possible like you said I will invest all my foreign hard earned money and deposits.  Basketball Basketball Basketball Basketball

Kipling likes this post

10Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 8:59 pm

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

market would come down to 5600 if only Sri Lanka lost the control of covid.

judecroos likes this post

11Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 9:39 pm

judecroos


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

Junior investor wrote:market would come down to 5600 if only Sri Lanka lost the control of covid.
This will not happen again to our mother land. we can control covid19 .

12Market should come back to 5600 Empty Re: Market should come back to 5600 Wed Sep 30, 2020 11:20 pm

vikiperera


Manager - Equity Analytics
Manager - Equity Analytics

Jay-Jay wrote:if it comes to 5600   .... .  i will sell my house and invest in the Market . . . . .  !!!!


technical charts indicate Market to reach 7000 - 7500 levels before the end of year .


some brokers wanted to take down the market ,,,,,  with the help of Moody .... which was failed .


CARS and BUKI is the reason for market in the Red ....  not the Moody  .

.
Ready to sell your house 😂😂🤣🤣

13Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 2:00 am

madukp


Expert
Expert

The market is ready to race towards 7000. There will be foreign selling, downtimes. IT doesn't matter. There will be slow counters. There will be speculations in both up and downwards. It doesn't really matter as long as local investors mentality strong enough to absorb this pressure.

14Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 2:09 am

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Mkt will not come down to 5,600,
Minimum will be 5,890.
Next week Mkt will start the journey to 6,250 - 6,300

Watch Bank & Finance shares.
Specially LFIN, VFIN,CFIN, PLC, COMB,SAMP, DFCC

judecroos likes this post

15Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 6:37 am

vikiperera


Manager - Equity Analytics
Manager - Equity Analytics

Lot of people holding with 50% margin. Foreigners will not come. Market over bought . People will start to sell there margins

16Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 10:19 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

vikiperera wrote:Lot of people holding with 50% margin. Foreigners will not come. Market over bought . People will start to sell there margins

How can that be? Banks and brokers don't give that higher margin after Covid. Most brokers trade on cash

judecroos likes this post

17Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 11:13 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

cheers cheers cheers cheers cheers cheers towards 6200

18Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 3:44 pm

vikiperera


Manager - Equity Analytics
Manager - Equity Analytics

Let's see 😂😂😂😂😂😂😂😂 market will be 5600 according to my analysis

Chithi and Ranjith62 dislike this post

19Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 9:42 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics

We always have that guy who keep crying about market going down.. 😁

Sharaj and Ranjith62 like this post

20Market should come back to 5600 Empty Re: Market should come back to 5600 Thu Oct 01, 2020 9:51 pm

shan31


Manager - Equity Analytics
Manager - Equity Analytics

vikiperera wrote:Let's see 😂😂😂😂😂😂😂😂 market will be 5600 according to my analysis
May be day dream of yours. Market will gradually move towards 6200 in Oct and will accelerate with Q2 results

21Market should come back to 5600 Empty Re: Market should come back to 5600 Fri Oct 02, 2020 10:23 am

vikiperera


Manager - Equity Analytics
Manager - Equity Analytics

shan31 wrote:
vikiperera wrote:Let's see 😂😂😂😂😂😂😂😂 market will be 5600 according to my analysis
May be day dream of yours. Market will gradually move towards 6200 in Oct and will accelerate with Q2 results
Dreams come true 😃😃😸🤣🤩🤣😸😃😃 we will see

Saraka dislikes this post

22Market should come back to 5600 Empty Re: Market should come back to 5600 Fri Oct 02, 2020 10:54 am

THASSIM


Manager - Equity Analytics
Manager - Equity Analytics

Market should correct itself to 5600 range.

23Market should come back to 5600 Empty Re: Market should come back to 5600 Fri Oct 02, 2020 11:20 am

dayandacool

dayandacool
Moderator
Moderator

Contrary to the consensus, we are heading towards 6200!!!!

24Market should come back to 5600 Empty Re: Market should come back to 5600 Fri Oct 02, 2020 11:46 am

THASSIM


Manager - Equity Analytics
Manager - Equity Analytics

We will even head towards 7000 but after the correction.

dayandacool likes this post

25Market should come back to 5600 Empty Re: Market should come back to 5600 Fri Oct 02, 2020 11:52 am

dayandacool

dayandacool
Moderator
Moderator

THASSIM wrote:We will even head towards 7000 but after the correction.
I get your point. But we have tested 6000 twice now and I don't see it dropping below 6000 before reaching 6200 again.

judecroos likes this post

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