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Sri Lanka equity rebounced strongly while foreigners continue to buy stocks

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samaritan

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Sri Lanka equity rebounced strongly while foreigners continue to buy stocks Nr475t2rmt8?alt=media&token=e66ae26b-4ce4-4fa5-941e-b823b6477096

Sri Lanka stocks experienced massive correction where ASPI fell by 11%, which wiped out LKR 549Bn value from the market. But the last two days of Feb were impressive, which pushed back the recovery by 8.5%, ending the YTD growth negative 5.3%. Interestingly foreigners have been net buyers continuously for the first time in the last several years. Last two weeks foreigners were net buyers of LKR 239Mn. The daily turnover that fell towards LKR 2Bn has improved back to LKR 4Bn.


https://www.charts.lk/chart/R4T5Eqoqcm1vSUbw1dF2/sri-lanka-equity-debounced-strongly-while-foreigners-continue-to-buy-stocks

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We can look forward to a 'Marvellous March' at the CSE. GL

Sri Lanka equity rebounced strongly while foreigners continue to buy stocks YqYeBCOdGcMAAAAASUVORK5CYII=
'Marching Bull'

nigma and Great1 like this post

Yes, Normally March is a best month records great gains !!

Keep with Great Counters !! Specially DP's Export-based companies and TILE companies are highly valuable. They are ready to show profit gains from recent Expansions & Acquisitions. All his companies will declare their dividends in Mar 22.

Try to be with one palm oil company also. They have a treasury.


My choices & Portfolio %

HAYL  25% - Expect Ever-highest results + All sectors activated, Rs.9BN NP solely from Advantis+ Contribute 5% SL exports independently + New disclosures and expected dramatic improvements in ROIs (Expect 100% Capital gain)
MGT    15% - Almost 100% dollar earner (Expect 51% Capital gain)
RCL     15% - Accumulate super gains + New businesses (Expect 47% Capital gain)
TILE    15% - New Businesses + Growth in USA market + Realize gains from expansions in Q4 (Expect 42% Capital gain)
WATA  20% - Achieve ever-highest return + Highest Palm Oil Crop with 100% palm oil price compare to last quarters (Expect 100% Capital gain)
AGAL   10% - Highest Palm Oil Crop with 100% palm oil price compare to last quarters (Expect 55% Capital gain)


Decide right time and enjoy with Dividends as pocket money!! Above expected capital gain will build up the REAL WEALTH!!

ADVENTUS likes this post

Dear All
Above counters have significant gains in current external factors. Keep your worth shares

My target prices on current developments
HAYL  Rs.292 (Real gainer in CSE with $ appreciation, Consolidation impact of $ earning subsidiaries, Foreign Investors are tending to collect)
MGT   Rs.68 (Almost 100% revenue from foreign Currency)
RCL    Rs.98
TILE Rs.130 
WATA Rs.320 (Duel impact, Ever highest Palm oil Price + $ impact)
AGAL Rs.95

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