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» Coronavirus Updates
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyToday at 8:07 am by The Invisible

» In the Meantime, Within Our Shores !
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyTue Jul 07, 2020 9:42 pm by Rajapaksap

» Dividend Announcements
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyMon Jul 06, 2020 9:06 pm by yellow knife

»  Rajgama Heroes !
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySun Jul 05, 2020 10:05 pm by serene

» Thread for News on CSE and SL Economy
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jul 03, 2020 7:17 am by The Invisible

» Access Engineering AEL Technical Analysis
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jul 03, 2020 7:14 am by The Invisible

» Obituary Notice.
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jul 01, 2020 12:51 pm by කිත්සිරි ද සිල්වා

»  6000 Post Club , Celebration of a Great Milestone, Slstock
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyTue Jun 30, 2020 9:35 am by slstock

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyTue Jun 30, 2020 8:00 am by LSE

» How to get Access to: 104 Technical trading experiments by HUNTER
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyMon Jun 29, 2020 9:35 am by nuwanmja

» Sri Lanka to monetize tens of billions of contractor bills
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySun Jun 28, 2020 10:30 am by The Invisible

» 104 Technical trading experiments by HUNTER
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySat Jun 27, 2020 10:27 pm by HUNTER

» CFVF - First Capital
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySat Jun 27, 2020 10:22 pm by HUNTER

» RCL - Royal Ceramics
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySat Jun 27, 2020 4:02 am by desh87

» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jun 26, 2020 11:35 pm by nihal123

» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyThu Jun 25, 2020 8:57 pm by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 24, 2020 10:37 pm by seek

» JKH.N0000
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 24, 2020 9:33 pm by The Invisible

» Plantation sector updates
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 24, 2020 10:32 am by The Invisible

» LOLC Holdings
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyMon Jun 22, 2020 3:40 pm by Rajapaksap

» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyMon Jun 22, 2020 12:50 pm by The Invisible

» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyMon Jun 22, 2020 11:53 am by nihal123

» Sri Lanka tea prices pickup marginally mid June
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySun Jun 21, 2020 8:11 pm by The Invisible

» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySun Jun 21, 2020 12:55 pm by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySun Jun 21, 2020 9:34 am by The Invisible

» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySun Jun 21, 2020 9:32 am by The Invisible

» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jun 19, 2020 10:47 pm by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jun 19, 2020 1:08 pm by dakzsl

» HAYC - Haycarb
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jun 19, 2020 12:04 pm by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 17, 2020 10:43 am by The Invisible

» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 17, 2020 10:33 am by The Invisible

» Gota's Era
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyTue Jun 16, 2020 2:40 pm by puliyanam

» Fitch Revises Ratings on 11 Sri Lankan Financial
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySat Jun 13, 2020 11:58 am by spw19721

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 10, 2020 9:58 pm by Backstage

» Sri Lanka’s General Election on August 05
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 10, 2020 3:08 pm by The Invisible

» Hayleys MGT
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyTue Jun 09, 2020 11:16 am by The Invisible

» AEL Access Engineering
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Sri Lanka stock market closed Tuesday in Coronavirus holiday EmptyWed Jun 03, 2020 9:49 pm by nihal123

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Sri Lanka stock market closed Tuesday in Coronavirus holiday

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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by The Invisible on Tue Mar 17, 2020 10:49 am

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange will be closed Tuesday, a Securities and Exchange Commission spokesman said as the government extended holiday in a bid to halt the spread of Coronavirus in the country.

A decision on the next two days will be made later in the day, he said.

The government declared three holidays asking all non-essential businesses not to operate on March 17, 18 and 19 while asking some key government services and private businesses in banking, food transport and distribution to operate.

“Do not consider these Public Holidays (government agencies),’ the state information office said in a statement.

“Except for health, food supply, transport, essential services, banks, District Secretary and other divisional secretary offices, the holiday would apply to all ministries, departments, corporation and state agencies.

“The government is asking the holiday be given to the private sector as well.

“Monitoring the transmission of the COVID19 virus the government may or may not extend this holiday.”

Sri Lanka has already closed schools, universities, museums and zoos. (Colombo/Mar17/2020)
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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Keep the Online Platforms Open?

Post by Antonym on Wed Mar 18, 2020 1:17 pm

Warren Buffett famously said, "I buy on the assumption that they could close the market the next day and not reopen it for five years."

However, like the third-class passengers on the Titanic, people like us desperately need an exit route when prices are sinking. Keeping online platforms of the CSE open would have enabled a somewhat orderly exit with minimum panic, similar to what we witnessed last week.

When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. Is there any way the CSE can operate while minimizing public interactions (to curb the spread of COVID-19)?

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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Re: Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by slstock on Wed Mar 18, 2020 2:53 pm

Antonym wrote:Warren Buffett famously said, "I buy on the assumption that they could close the market the next day and not reopen it for five years."

However, like the third-class passengers on the Titanic, people like us desperately need an exit route when prices are sinking. Keeping online platforms of the CSE open would have enabled a somewhat orderly exit with minimum panic, similar to what we witnessed last week.

When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. Is there any way the CSE can operate while minimizing public interactions (to curb the spread of COVID-19)?

Antonym,

1) After a long time. As mark of courtesy wanted to make a quick reply.
Good to see you.

2) There are several threads related to Corona and Market is you want to read.

3) "When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. "

Any justifications for this claim ( other than guessing the mad behavior of the herds)?
Do you think CSE is not already too attractive ?



ps :I don't write on this forum much now and also write on my Face book.
But during this "Pandemic" , I decided to visit here a bit more  as each of us
needs comfort to survive this CSE epidemic which seems far greater than Corona Pandemic

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : https://forum.lankaninvestor.com/t1548-important-warning-and-message
---------
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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Re: Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by Antonym on Wed Mar 18, 2020 3:09 pm

slstock wrote:
Antonym wrote:Warren Buffett famously said, "I buy on the assumption that they could close the market the next day and not reopen it for five years."

However, like the third-class passengers on the Titanic, people like us desperately need an exit route when prices are sinking. Keeping online platforms of the CSE open would have enabled a somewhat orderly exit with minimum panic, similar to what we witnessed last week.

When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. Is there any way the CSE can operate while minimizing public interactions (to curb the spread of COVID-19)?

Antonym,

1) After a long time. As mark of courtesy wanted to make a quick reply.
Good to see you.

2) There are several threads related to Corona and Market is you want to read.

3) "When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. "

Any justifications for this claim ( other than guessing the mad behavior of the herds)?
Do you think CSE is not already too attractive ?



ps :I don't write on this forum much now and also write on my Face book.
But during this "Pandemic" , I decided to visit here a bit more  as each of us
needs comfort to survive this CSE epidemic which seems far greater than Corona Pandemic

Hello, slstock!

Since last Friday (which was the last trading day at CSE) other equity markets have declined by about 15%. This represents this week's Coronavirus Effect, which is a global phenomenon.

But Sri Lankan shares have not yet suffered this decline because CSE was closed. When the CSE reopens and if shares drop in tandem with other markets, SL equities would be on top of my shopping list.

Antonym

Posts : 62
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Age : 57

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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Re: Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by slstock on Wed Mar 18, 2020 3:13 pm

Antonym wrote:
slstock wrote:
Antonym wrote:Warren Buffett famously said, "I buy on the assumption that they could close the market the next day and not reopen it for five years."

However, like the third-class passengers on the Titanic, people like us desperately need an exit route when prices are sinking. Keeping online platforms of the CSE open would have enabled a somewhat orderly exit with minimum panic, similar to what we witnessed last week.

When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. Is there any way the CSE can operate while minimizing public interactions (to curb the spread of COVID-19)?

Antonym,

1) After a long time. As mark of courtesy wanted to make a quick reply.
Good to see you.

2) There are several threads related to Corona and Market is you want to read.

3) "When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. "

Any justifications for this claim ( other than guessing the mad behavior of the herds)?
Do you think CSE is not already too attractive ?



ps :I don't write on this forum much now and also write on my Face book.
But during this "Pandemic" , I decided to visit here a bit more  as each of us
needs comfort to survive this CSE epidemic which seems far greater than Corona Pandemic

Hello, slstock!

Since last Friday (which was the last trading day at CSE) other equity markets have declined by about 15%. This represents this week's Coronavirus Effect, which is a global phenomenon.

But Sri Lankan shares have not yet suffered this decline because CSE was closed. When the CSE reopens and if shares drop in tandem with other markets, SL equities would be on top of my shopping list.

Antonym,

Many other stock markets, including US had multi year bull runs.
Some markets increase 20-50% over the runs over the years.
Many of them were at peak and needed a correction (Corona or not) .

Why do we need /expect  CSE  to trade lower than 2012 low?

 ps :Our collective thinking also adds to market sentiments and movements

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : https://forum.lankaninvestor.com/t1548-important-warning-and-message
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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Re: Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by Antonym on Wed Mar 18, 2020 3:45 pm

Slstock,

You would know that Fear and Greed drive the market - not Logic and P/E Ratios. Therefore, there will be a point in time when share prices decline significantly below what I think the underlying companies are worth in the long term. That is when I will buy.

The COVID-19 situation is still unfolding, and will continue to do so in the near future. The economy is already reeling from this and other impacts. Companies will continue to feel the effect for at least a year from now.

So, my message would be: Don't panic, but be cautious.

Antonym

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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Re: Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by Backstage on Wed Mar 18, 2020 4:07 pm

Welcome back Anto after many years. Thanks all for the insights, much appreciated.
Hoping against hope that we maintain the zero mortality ratio and for a flattening of the curve.
This is as good a time as any to recognize that all of us are one species despite the superficial differences,ponder on our mortality and how to be a better person than you were yesterday.
May you all be well and happy. flower
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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Re: Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by spw19721 on Wed Mar 18, 2020 9:01 pm

Fruitful discussion... Keep it up ...
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Sri Lanka stock market closed Tuesday in Coronavirus holiday Empty Re: Sri Lanka stock market closed Tuesday in Coronavirus holiday

Post by slstock on Thu Mar 19, 2020 12:14 am

Antonym wrote:Slstock,

You would know that Fear and Greed drive the market - not Logic and P/E Ratios. Therefore, there will be a point in time when share prices decline significantly below what I think the underlying companies are worth in the long term. That is when I will buy.

The COVID-19 situation is still unfolding, and will continue to do so in the near future. The economy is already reeling from this and other impacts. Companies will continue to feel the effect for at least a year from now.

So, my message would be: Don't panic, but be cautious.


It true that markets run on fear and greed. Agreed.  

I also understand your thinking to buy low as possible.

But it is important at this time as a whole , to not unnecessarily panic.
If we all think to sell in short term thinking market is going to crash 15%
( more as you implied  ) or wait till such to happen , then thats exactly
how markets crash due to collective behavior and chain panic.  


Don't panic, but be cautious is good advice.


Last edited by slstock on Thu Mar 19, 2020 10:08 am; edited 1 time in total

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : https://forum.lankaninvestor.com/t1548-important-warning-and-message
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Post by The Invisible on Thu Mar 19, 2020 9:23 am

Don't panic but be cautious and don't forget to look for opportunities....
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