ASI - Beyond 7000 -

[stocks hunterTop contributor]

Rates are decreasing day by day. Can expect this trend to continue in next couple of years as well. Since the Presidential election is around the corner can expect more dramas in coming days.

Sri Lanka Treasuries yields plunge to four-decade lows

[yellow knifeTop contributor]

I can remember treasury secretary Dr. P. B. Jayasundara has said in a interview given to a business magazine that before Presidential Election lending rate will be below two digits.. Signs are good and towards that...

[sereneTop contributor]

I can remember treasury secretary Dr. P. B. Jayasundara has said in a interview given to a business magazine that before Presidential Election lending rate will be below two digits.. Signs are good and towards that...

Sure political agendas will closely tie up with CB decisions.   

[knockknobblerTop contributor]

Is there a possibility  ASI remaining below 7,000 for sometime  ?
 If so, what will be the  effects  ?

[BackstageTop contributor]

Is there a possibility  ASI remaining below 7,000 for sometime  ?
 If so, what will be the  effects  ?

Ahh , at last, another view point. I was getting worried about there being too much agreement around here. Could lull one into complacency without realizing it.

[LSETech Contributor]

Agree with you SH. 7000 is not a big issue as for now... definitely it'll touch it. But no need to hurry... current movement is much better than a sudden jump... as i said many times this is bit different when we analyze the previous patterns... check how index movement happens in between 6200 - 6300 ...


Thank You.
      

Rates are decreasing day by day. Can expect this trend to continue in next couple of years as well. Since the Presidential election is around the corner can expect more dramas in coming days.

Sri Lanka Treasuries yields plunge to four-decade lows

[knockknobblerTop contributor]

.......
Ahh , at last, another view point. I was getting worried about there being too much agreement around here. Could lull one into complacency without realizing it.

You got the point.
I  don't make predictions  ( I am not  good at that). But I looked at the past trends /patterns.

What do you think about the pattern emerging from following figures  ( for last 4 weeks ) ?  

Read the column heading as....
1. week ending
2. change in ASI - during the week
3. change in S&P -during the week
4. turnover- average daily
5.Gross foreign  purchase - average daily
6. Net foreign purchases -average daily


7/11/2014--- 184--- 97--- 2,000--- 431--- 59
7/18/2014---- 61 ---31--- 1,245--- 368--- 125
7/25/2014---- 62 ---26--- 1,108--- 296--- 116
8/1/2014----- 26--- (6)--- 658 ---  140--- 61

( hope someone will advise me how to paste a excel table , here )

[slstockVeteran]

Consolidation is/was welcome.

.......
Ahh , at last, another view point. I was getting worried about there being too much agreement around here. Could lull one into complacency without realizing it.

You got the point.
I  don't make predictions  ( I am not  good at that). But I looked at the past trends /patterns.

What do you think about the pattern emerging from following figures  ( for last 4 weeks ) ?  

Read the column heading as....
1. week ending
2. change in ASI - during the week
3. change in S&P -during the week
4. turnover- average daily
5.Gross foreign  purchase - average daily
6. Net foreign purchases -average daily


7/11/2014--- 184--- 97--- 2,000--- 431--- 59
7/18/2014---- 61 ---31--- 1,245--- 368--- 125
7/25/2014---- 62 ---26--- 1,108--- 296--- 116
8/1/2014----- 26--- (6)--- 658 ---  140--- 61

( hope someone will advise me how to paste a excel table , here )

[SrirangaVeteran]

( hope someone will advise me how to paste a excel table , here )

Easy way get a snapshot and upload the image.

or

Upload the file in google drive and share as iframe format.

[seekTop contributor]

I have to agree with knock. I am avoiding fresh buying and waiting for a pullback.

[KDDNDTop contributor]

.......
Ahh , at last, another view point. I was getting worried about there being too much agreement around here. Could lull one into complacency without realizing it.

You got the point.
I  don't make predictions  ( I am not  good at that). But I looked at the past trends /patterns.

What do you think about the pattern emerging from following figures  ( for last 4 weeks ) ?  

Read the column heading as....
1. week ending
2. change in ASI - during the week
3. change in S&P -during the week
4. turnover- average daily
5.Gross foreign  purchase - average daily
6. Net foreign purchases -average daily


7/11/2014--- 184--- 97--- 2,000--- 431--- 59
7/18/2014---- 61 ---31--- 1,245--- 368--- 125
7/25/2014---- 62 ---26--- 1,108--- 296--- 116
8/1/2014----- 26--- (6)--- 658 ---  140--- 61

( hope someone will advise me how to paste a excel table , here )

Thx Knock...!!

Good Analysis & Summery... yeas there are signs off reducing the "POWER" of moving

lets me put some points.....

- last week we had one day holiday - 29th July - Ramazan
- this pattern could be the cooling off signs - resting or else kind of correction of the market at current environment before the next RUN....!!!
- if there could be chance to drop ASI - it is comparatively minimal or also risk of struggling ASI between @6700-6900 may take longer time...... [but as it goes... its difficulty to break or stop ASI's forwarding... its moving at least slowly..... no signs of coming back.....yet]

but TC well !!!
coz who knows... not ME!

[sashimaalTop contributor]

By the way just for fun: ASI 7800 that we saw in early 2011 is much more in real value compared to now. If we multiply at 10% p.a for 3 and half years, we get approx ASI value of 10900    

[stocks hunterTop contributor]

Now we have to analyze the situation differently. In 2012 we definitely had an issue. At that time abnormal mkt conditions were experienced, Mkt was at peak levels without the support of company earnings, Interest rates were around 22% p.a. Now situation has changed 360%. That's what we should take in to account. You can obtain a personal loan around 12p.a. which is a very good rate.

[Antonym]

Is there a possibility ASI remaining below 7,000 for sometime?
If so, what will be the effects?

This week, the crisis in Iraq took its toll on world markets... but the ASI continued its relentless climb.

It would be healthy for us to take a breather at these levels (6,900~6,950) while events play themselves out. That would also give us a chance to look at corporate results and see whether valuations beyond 7,000 are justified.

[slstockVeteran]

Ah there you are Antonym. Silent crusader. Check your PM ( sent one to know what happened to you)

You know how CSE is . Full of extremes and has a life of its own.

When bear attacks , people S$%t in their pant and desert CSE and when Bull is here they are like a "Bull in the china shop".

Still no sign of any slow down. Foreginers are buying. This week inflow over 1 billion mainly thanks to "J the K wait for it and H"

BTw, wonder where the "Legend Dairy " person is who used to show up during red , and predicted CSE will go back to 5000.

Is there a possibility ASI remaining below 7,000 for sometime?
If so, what will be the effects?

This week, the crisis in Iraq took its toll on world markets... but the ASI continued its relentless climb.

It would be healthy for us to take a breather at these levels (6,900~6,950) while events play themselves out. That would also give us a chance to look at corporate results and see whether valuations beyond 7,000 are justified.