CSE Ahead : Post No confidence motion + CB actions

Yesterday

1) Central Bank made a relaxation of monetary policy for the first time in two years!
   0.25% rate cut  on policy ceiling rate. It can be a good starting signal.
   Dr Coomaraswamy is rather a wise and patient man  


2) Prime minister defeated the No confidence motion

spw19721 wrote:
Foreign activities in cse is fading day by day, especially in these days. buying getting slow. Is that the political uncertainty  the only reason ? After all, Will there be a new tax structure with effect from April 1st?Again CGT fear?

slstock wrote:

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Btw, I really don't see a political uncertainly  Next 2 years is set anyway.

What I do see as issues for foreign ( even local ) buying are  

i)  POLICY UNCERTAINTY ( not political uncertainty )
ii)  Rupee devaluation  by Rs 2-3 with uncertainty  

..........

කිත්සිරි ද සිල්වා wrote:
Illgotten money can bring superficial political stability but all know that they are dealing with the present day Cassius and Brutus.

yellow knife wrote:

Political news often made ups and downs in Market yet such news was not often strong enough to change the direction of CSE recently.

The viewers are often interested in hot tips. Buy this share and we ensure this much gain. Then there will be enough short replies.

This is the trend of Sri Lanka.

CK wrote:
//Some will only like their "friends" posts//

Totally agree with you sls

CK wrote:Ranil is the Man..right?

Future123 wrote:Thanks Sls for bringing up an important topic.
The market might temporarily go up and mostly a range bound one, 6300 - 7000.

Within the past 38 months, ASPI lost over 1000 points due to anti investor policies and these policies would continue for the next 2 years as well.
Another big threat is the depreciating rupees and foreigners would affect due to this.

Banking and finance sector - We have to wait and see the impact of IFRS 9. This might have an adverse effect on the profits of banks and finance companies.

mymoney wrote:

Future123 wrote:Thanks Sls for bringing up an important topic.
The market might temporarily go up and mostly a range bound one, 6300 - 7000.

Within the past 38 months, ASPI lost over 1000 points due to anti investor policies and these policies would continue for the next 2 years as well.
Another big threat is the depreciating rupees and foreigners would affect due to this.

Banking and finance sector - We have to wait and see the impact of IFRS 9. This might have an adverse effect on the profits of banks and finance companies.

Can you or some one simply explain about IFRS 9 ?

slstock wrote:


[color=#FF0000]Ques 1)

So in the above reply how did I say there is No Political uncertainty  even when there was  

a) a no confidence motion againt PM  
b) people showed much dismay to the present government handing of the country
   via Provincial council polls

What the secret?  
Can you guess why I was rather sure there is no political uncertainty till 2020!



Ques2)

What do you think the direction of CSE will be from now

1) no change , it will be mostly dull with occasional little up and downs
2) ASI it will fall to 5500 as some are predicting in cyber space
3) CSE will start finally going up little by little.



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spw19721 wrote:

slstock wrote:


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What do you think the direction of CSE will be from now

1) no change , it will be mostly dull with occasional little up and downs
2) ASI it will fall to 5500 as some are predicting in cyber space
3) CSE will start finally going up little by little.



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sorry for being late for reply sir..


for your question 1, I have no idea about that. Maybe I;m politically immature.But Im mature enough to understand ,whoever the rulers are, all these corrupted politicians dragging the country to hell day by day. as per my  view, these NCM is a pre-planned saga to hide former CB arresting case , petrol hike etc.

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according to this chart,In 1960 , when LKR stands in 4.75 against USD, sing dollar & rinngit was 3.06. Now after 58 years ,sing dollar has been appreciated to 1.31 & ringgit defending their place at 3.95 meanwhile the almighty politicians who guide the country to a miracle in asia has rocketed  our currency to 155.


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spw19721 wrote:
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according to this chart,In 1960 , when LKR stands in 4.75 against USD, sing dollar & rinngit was 3.06. Now after 58 years ,sing dollar has been appreciated to 1.31 & ringgit defending their place at 3.95 meanwhile the almighty politicians who guide the country to a miracle in asia has rocketed  our currency to 155.


question 2..

I like to pick no 03.recent past CSE has proved though he made some temporary small  fluctuations with the political news , with the foreign inflow back up I think the target has been set.policy rate cut definitely will add fuel to the journey.[/color]

slstock wrote:
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3) This is the most important observation and sadest story based on the graph.
        Anyone of you can answer by looking at it.

As far as Rupee going to the dustbin ( vs the $) , what period ( from what year to what year)  were the worst in Sri Lankan history?  

Let me give you some big points  to make it easy ....

a) a) it took over 45 years in SL history for the  Rs to go to  Rs 50
b) it took roughly another 13 years only to go from Rs 50 to 100.

c) then  what happened?  (  Now  can you answer the question easily)


Do leave you party politics aside when answering ( I see culprits are from both main parties)
and lets analyze for the sake of OUR MOTHERLAND.
 
 So where  HAVE WE GONE WRONG  and STILL GOING WRONG ?

Yin-Yang wrote:

slstock wrote:
+
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3) This is the most important observation and sadest story based on the graph.
        Anyone of you can answer by looking at it.

As far as Rupee going to the dustbin ( vs the $) , what period ( from what year to what year)  were the worst in Sri Lankan history?  

Let me give you some big points  to make it easy ....

a) a) it took over 45 years in SL history for the  Rs to go to  Rs 50
b) it took roughly another 13 years only to go from Rs 50 to 100.

c) then  what happened?  (  Now  can you answer the question easily)


Do leave you party politics aside when answering ( I see culprits are from both main parties)
and lets analyze for the sake of OUR MOTHERLAND.
 
 So where  HAVE WE GONE WRONG  and STILL GOING WRONG ?

Hang on for a tick mate.

What we should compare is not the absolute value, but the % rate the LKR going to the dustbin.

Usually it has taken 10 years to make the LKR value become half.
Say; 10 to 20 within 10 years, 20 to 40 within 10 years +++++

But there is one 10 year period where the drop was less than half.


BTW: 10 years to double means, 7.2% depreciation per year.

So we have been depreciating LKR by 7.2% year by year for nearly 50 years.
Fantastic noh?

Yin-Yang wrote:


Imaging; this year the rate per dollar increased by one rupee.
Would you care?

Imagine; they change the rate by one rupee 50 years ago.
Would anybody care?

In 40 years time, when a dollar sells at LKR 2350, would you or your nephew care if the rate changed by 50 rupees?