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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Reason for todays drop

Reason for todays drop

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1Reason for todays drop Empty Reason for todays drop Tue Feb 02, 2021 3:58 pm

desmond


Stock Analytic
Stock Analytic
Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not

2Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 4:13 pm

FireandWater


Equity Analytic
Equity Analytic
The main reason is panic. Just hold. Its not like early years. The drops which occurred from Friday might continue for the next couple of days or may turn tomorrow no one can advice you that. But rest assured when panic selling is over and market dries up all good shares will go up and new money which is flowing will flow more. The new accounts are not getting lot of credit or margins anyway and they strictly follow T+3 on then so there will be continuous clearance.

3Reason for todays drop Empty Todays drop Tue Feb 02, 2021 4:15 pm

Mr. Wayne


Equity Analytic
Equity Analytic
Maybe negative investor sentiment for new geo-political developments.

4Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 4:18 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not

it is not a rumor, SEC issue a circular to reduce the credit and they want to go every credit traders with  a margin trading

But it is not immediate action brokers not start force selling So MArket need to turn to Green tomorrow or this Friday

5Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 4:27 pm

xhunter

xhunter
Moderator
Moderator
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
Definitely you deserve an answer, i don't have the answer. but i have a question , why  didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".
probably the answer for your question might be there in the question I asked.


one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS


today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?

6Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 4:38 pm

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
Yes. Most investors are condemning last two letters requesting Brokers to submit Credit information each Friday. Brokers are asked to sent Customers IDs and Full names.First letter it was credits in respect of named five companies and amended letter it requires Top ten companies. Second letter intends more companies.People feel that they are being considered as evaders or Defaulters. I think they better improve trust and integrity first. Respective parties will discuss and bring better inspiration for investors soon.

Captain, RJ1010, Kanishka_2020 and stockchaser like this post

7Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 4:55 pm

stockie

stockie
Senior Equity Analytic
Senior Equity Analytic
@Jana wrote:
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not

it is not a rumor, SEC issue a circular to reduce the credit and they want to go every credit traders with  a margin trading

But it is not immediate action brokers not start force selling  So MArket need to turn to Green tomorrow or this Friday


Jana - normally brokers give you 50% of credit of your cash/stocks value, are they going to reduce that also?

vikey likes this post

8Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 5:01 pm

vikey


Manager - Equity Analytics
Manager - Equity Analytics
@stockie wrote:
@Jana wrote:
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not

it is not a rumor, SEC issue a circular to reduce the credit and they want to go every credit traders with  a margin trading

But it is not immediate action brokers not start force selling  So MArket need to turn to Green tomorrow or this Friday


Jana - normally brokers give you 50% of credit of your cash/stocks value, are they going to reduce that also?
Yes, it’s 30% now.

stockie likes this post

9Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 5:11 pm

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics
even that 30% should not be given especially market like ours.

බ්රෝකර් ක්රෙඩිට් 30%ත් නවත්තන්න ඕන හරි නම් විශේෂයෙන් ලංකාව වගේ මාර්කට් එකක.

10Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 5:20 pm

nigma


Manager - Equity Analytics
Manager - Equity Analytics
රිචඩ් පීරිස්. Just 10%.....

11Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 7:35 pm

spksd


Manager - Equity Analytics
Manager - Equity Analytics
I am not an expert but I have few concerns to clarify, regards to the letters sent by SEC , seems like these this were informed to brokers on 26th Jan , was these things communicated to its clients by the brokers at that time before it comes via media or other social media platforms such as Twitter. In that case damage would be such serious as of today ?

12Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 8:43 pm

Share Book


Stock Trader
D.P.ගෙ Share Sub Division එක එනව්නස් කරපු දවසෙ ඉදලා යසට තිබුන Market එකට කෙලවුනා කියලා හිතෙන්න මට විතරද? වක්කඩේ කැඩුවා වගේ ඔක්කොම ටික එක පාරට එලියට දාන්නෙ නැතුව එක එක කොම්පැනිය ගානෙ සැරින් සැරේට දැම්මනම් ගොඩක් වෙලාවට ඔහොම නොවෙන්න ඉඩ තිබුනා.

Riz123 and RajapaksaDON like this post

13Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 9:11 pm

rukshan1234


Senior Equity Analytic
Senior Equity Analytic
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
most of manufacturing shares up more than expected value  RCL,GLAS ,HAYC,HAYL,BRWN,TILE,LWL,TKYO,EXPO,BIL,LOLC,DIPD,VONE,ASPH..



 GO WITH FUNDAMENTAL dividend paying  COUNTERS..FUTURE GROWING COUNTERS..
BANKS ARE SAFE OPTION.. (EXPECTED  DIVIDEND  )

14Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 9:54 pm

Captain


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Most under value and expectation with hotels, banks and property dev. Companies .

15Reason for todays drop Empty Re: Reason for todays drop Tue Feb 02, 2021 11:39 pm

KingMaker2020


Equity Analytic
Equity Analytic
@xhunter wrote:
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
Definitely you deserve an answer, i don't have the answer. but i have a question , why  didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".
probably the answer for your question might be there in the question I asked.


one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS


today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?

What are you implicating?

16Reason for todays drop Empty Re: Reason for todays drop Wed Feb 03, 2021 2:06 am

dayandacool

dayandacool
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Jana wrote:
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not

it is not a rumor, SEC issue a circular to reduce the credit and they want to go every credit traders with  a margin trading

@JanaGreat to see u here Very Happy Wink

17Reason for todays drop Empty Re: Reason for todays drop Wed Feb 03, 2021 6:29 am

desmond


Stock Analytic
Stock Analytic
@KingMaker2020 wrote:
@xhunter wrote:
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
Definitely you deserve an answer, i don't have the answer. but i have a question , why  didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".
probably the answer for your question might be there in the question I asked.


one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS


today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?

What are you implicating?

I too was very confused by this reply Laughing Laughing

18Reason for todays drop Empty Re: Reason for todays drop Wed Feb 03, 2021 7:10 am

Dilip


Equity Analytic
Equity Analytic
@desmond wrote:
@KingMaker2020 wrote:
@xhunter wrote:
@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea. 
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
Definitely you deserve an answer, i don't have the answer. but i have a question , why  didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".
probably the answer for your question might be there in the question I asked.


one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS


today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?

What are you implicating?

I too was very confused by this reply Laughing Laughing
There are two main reasons for the market to drop, first and foremost uncontrolled splits bombed the market, secondly the infamous letter with regard to credit, specifying specific counters, this had investors scrambling to sell their stock to get into splits and/or to get out of the credit trap

19Reason for todays drop Empty Re: Reason for todays drop Wed Feb 03, 2021 7:58 am

Real_Investor


Equity Analytic
Equity Analytic
Most of the split stocks were strong even at 5% drop. Some of those were green.

20Reason for todays drop Empty Re: Reason for todays drop Wed Feb 03, 2021 8:20 am

noels


Equity Analytic
Equity Analytic
Bearish engulfing was formed three days back and now already in three black crows on the cse all daily chart.
But the good news is the prices have been increased at the last half an huor.

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