Is Credit clearence over on the 30th June

GoodPick · 1 Is Credit clearence over on the 30th June Wed Jun 29, 2011 8:19 pm

GoodPick

Senior Equity Analytic

Posts : 57
Equity Stars : 4862
Reputation : 2
Join date : 2011-04-20

Hi, Is there a target credit clearance end of june? Can we expect the market up on the 1st of July ?

limestone · 2 Re: Is Credit clearence over on the 30th June Wed Jun 29, 2011 8:38 pm

limestone

Manager - Equity Analytics

Posts : 120
Equity Stars : 4984
Reputation : 11
Join date : 2011-02-03

Dead line for 100% credit clearance is 31 Dec 2011 . 30th June is for 50% clearance only . correct me if I am wrong .

Leo_pold · 3 Re: Is Credit clearence over on the 30th June Wed Jun 29, 2011 8:39 pm

Leo_pold

Manager - Equity Analytics

Posts : 111
Equity Stars : 4892
Reputation : 21
Join date : 2011-05-07

GoodPick wrote:Hi,

Is there a target credit clearance end of june? Can we expect the market up on the 1st of July ?

I thought it was postponed to September and December..

GoodPick · 4 Re: Is Credit clearence over on the 30th June Wed Jun 29, 2011 8:40 pm

GoodPick

Senior Equity Analytic

Posts : 57
Equity Stars : 4862
Reputation : 2
Join date : 2011-04-20

If so, I think it would be bulish from friday. What do u guys think ?

early · 5 Re: Is Credit clearence over on the 30th June Wed Jun 29, 2011 8:49 pm

early

Manager - Equity Analytics

Posts : 115
Equity Stars : 4889
Reputation : 22
Join date : 2011-06-14

50% credit clearence allready completed on 31/03/11. Balance 50% as follows:
25% by 30/09/11 and 25% by 31/12/11.
Pls see following news item of 19/05/2011.

www.stock-market-today.net/.../colombo-stocks-moved-up-as-sec-relaxes. html

BenZ · 6 Re: Is Credit clearence over on the 30th June Wed Jun 29, 2011 9:22 pm

BenZ

Manager - Equity Analytics

Posts : 114
Equity Stars : 4983
Reputation : 28
Join date : 2011-02-15

As per my source of news, ASIA's credit clearance (due on T+5) will be finished in 30th june. they have cut-offed retailers buying power till 30th too.

ASIA was the no 1 in total amount of transactions, and they have given their online trading facilities even for nothing, and it seems now they are having a big financial crisis after half of ASIA's high profile professional went away with forming a new broker firm.

ASIA's credit clearance was the major reason for last 2 weeks market down after SL gov's image affected by channel 4 war crime movie.

I hope market will recover from 1st of july (Green Friday) ....

ShareShares · 7 Re: Is Credit clearence over on the 30th June Wed Jun 29, 2011 9:44 pm

ShareShares

Assistant Vice President - Equity Analytics

Posts : 679
Equity Stars : 5672
Reputation : 152
Join date : 2011-02-02

I placed few orders today, there was no evidence of selling at that price. Even 100 shares were not successful. Look like selling pressure is slowly coming to an end. However, it is very difficult to judge from one or two shares. At least for some shares, there is no selling pressure. Market may recover soon.