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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka bourse loses but still best in Asia amid global debt fears

Sri Lanka bourse loses but still best in Asia amid global debt fears

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rcharindu

rcharindu
Manager - Equity Analytics
Manager - Equity Analytics
* Bourse near two-week low as big investors go defensive
* Foreign investors net sellers for 11th straight session
* Rupee edges up on exporter dlr conversions
COLOMBO, Aug 9 (Reuters) - Sri Lanka's bourse fell near a
two-week low on Tuesday but reclaimed its title as Asia's best
performer as global malaise spooked local large investors and
crashed other bourses, traders said.
Sri Lanka's main share index edged up 0.17 percent in
early trade but closed 0.83 percent or 56.78 points weaker at
6,750.19.
full "reuters" artical

Market Sucker

Market Sucker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
our market is not much exposed to international level,so cant expect major impact Smile

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
HNWIs are in precautionary stage as the bourses decline across the boarders. Portfolio diversification with safe & high returns would be there targets. Also Foreign play is one of key roles in this market. it is expected slow recovery of bourses from west to east (Bloomberg). So this week analysts believe market will be marginally up or down....Let use see tomrrow how all events happened in past week affect to market.

Chanuque

Chanuque
Manager - Equity Analytics
Manager - Equity Analytics
Yesterday, L & P sector is UP by 8.36% is an encouraging sign of consolidation at the CSE. Today, B F & I sector should start rally to confirm the sign of recovery. Eventually, all the other sectors should start appreciating, means we are back in track ..

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