Dear Friends, how to you see the budget week starts from 16th Monday..
Learnt friends ,Hope Budget week may not be dull like this week.
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judecroos likes this post
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True.@RJ1010 wrote:Yes I believe investors were cautious this week awaiting the budget. Although several companies released super financials it didn’t have much of an impact on share prices. Maybe the share prices had already adjusted to their fair values in expectation of good financials as well so there was not much room to improve further.
I believe Monday/Tuesday will be a busy collection day as budget speech is on Tuesday evening by which time CSE will be closed. (Correct me if I’m wrong on the budget speech timing). Wednesday all the sectors which will get benefits will start to move. Manufacturing, construction, exports, power and energy should benefit. Will they also announce anything on vehicle imports? If they announce at least a partial relaxation then finance companies will also benefit. Banks, hotel sectors will have to wait for a while.
The way Mahinda blasted the yahapalanya policies yday mean there will be some aggressive moves in this budget.
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