The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to if you face any technical difficulties when posting
Display results as :
Advanced Search
Latest topics
Coronavirus UpdatesMon Jan 25, 2021 10:41 amThe Invisible
ACL CablesWed Dec 30, 2020 7:22 pmsubash
Merry Christmas to AllTue Dec 29, 2020 4:53 pmchutiputha
Trading Journal Sat Dec 12, 2020 11:33 pmxmart
HVA FoodsFri Dec 04, 2020 10:25 amThe Invisible
Tokyo CementMon Nov 23, 2020 9:42 amRajapaksap
Insider Dealings Fri Nov 20, 2020 2:30 ampjrngroup
UML United MotorsTue Nov 10, 2020 8:50 amThe Invisible
ExpolankaMon Nov 09, 2020 8:46 pmsmallville
Plantation Sector UpdatesSat Nov 07, 2020 8:15 amRajapaksap
HAYC - HaycarbFri Nov 06, 2020 12:11 pmsubash
LWL.N0000 (Lanka Walltiles PLC)Fri Oct 16, 2020 12:50 amsubash
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang

Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
Posts : 280
Join date : 2014-09-15

Blue Christmas for Bourse Stock market losses pass Rs 100 B Empty Blue Christmas for Bourse Stock market losses pass Rs 100 B

on Thu Dec 21, 2017 2:38 am
Message reputation : 100% (2 votes)
By Paneetha Ameresekere

Stock market losses passed the Rs 100 billion mark yesterday (19), 40 days after the Government presented 'Budget 2018' in Parliament on 9 November.

New taxes imposed on the banking and telecom sectors in the Budget, made worse by the existing high Value Added Tax regime which has further dented consumer spending power are the reasons for such.

Yesterday was also the first time the market has lost Rs 100 billion for the year to date.

This Rs 100 billion loss is akin to, for example if the value of all of the stocks listed in the stock exchange was Rs 100 billion and Rs one on 'Budget Day' 9 November, which by yesterday having had seen this value come down to Rs one.

Stock market losses since 9 November was actually more than Rs 100 billion, increasing to Rs 106.26 billion yesterday, compared to a figure of Rs 96.59 billion as at 18 December, thereby reducing the total stock value by 3.56 per cent to Rs 2.88 trillion by yesterday.

Meanwhile, the benchmark All Share Price Index (ASPI), the barometer which captures the price movements of all listed stocks, fell by 241.61 points (3.68 per cent) to 6,325.46 points and the more sensitive Standard and Poor's (S&P) Sri Lanka (SL) 20 Index which captures the price movement of selected blue chips (top stocks) declined by 186.46 points (4.84 per cent) to 6,325.46 points in the review period.

Nonetheless, the silver lining was continued foreign interest in the market, with the Bourse experiencing a nominal net foreign inflow (NFI) of Rs 26.66 million yesterday, thereby taking such NFIs since Budget day to Rs 327.41 million, a 1.74 per cent increase since, whilst enjoying NFIs to the tune of Rs 19.15 billion in the calendar year to date.

Yesterday, the market made a paltry total turnover of Rs 357.61 million while the ASPI fell steeply by 0.33 per cent to 6,325.46 points and the S&P SL 20 Index fell even more sharply by 0.82 per cent to 3,662.64 points over the close on 18 December. The total number of shares that changed hands yesterday was a measely 10.87 million.
Ethical Trader
Ethical Trader
Top contributor
Top contributor
Posts : 5567
Join date : 2014-02-28

Blue Christmas for Bourse Stock market losses pass Rs 100 B Empty Re: Blue Christmas for Bourse Stock market losses pass Rs 100 B

on Thu Dec 21, 2017 6:15 pm
Message reputation : 100% (1 vote)
Back to top
Permissions in this forum:
You cannot reply to topics in this forum