The last week of July 1983 was one of the darkest in Sri Lankan history.
400-3000 people were killed, 8,000 homes & 5,000 shops were destroyed.
The cost of the riots was estimated to be $300 M.
May 9 week of 2022 has all the marking of a repeat. Please, let's not go there. 🙏
Securities and Exchange Commission of Sri Lanka (SEC) has decided to direct the Colombo Stock Exchange (CSE) to temporarily close the stock market for a period of five business days commencing from 18th April 2022.
The Ministry of Finance and the Central Bank of Sri Lanka wish to assure the public and all other stake holders that the banking system is stable, and that the operations of the State Banks are being carried out smoothly, contrary to statements made otherwise.
#SriLanka#CBSL
BIL.N ATH 19.10 Todays Lowest Price 10.50 Drop from All Time High 82%
LOLC.N ATH 1489 Todays Lowest Price 810 Drop from All Time High 84%
EXPO.N ATH 405 Todays Lowest Price 240 Drop from All Time High 69%
ASI ATH 13593 Todays Lowest Point 10787 Drop from All Time High 26%
I strongly feel market has bottomed out.
Asked many why they are selling & the answer was SL situation.
My answer is most companies wont get effected from those.
Can anyone convince me that the market is still bearish ?
I can convince you otherwise
Market has corrected a good 10% from the high’s,
There was no big reason for the pullback,although it’s healthy on the long term.
Earnings and PE is very good for anyone to enter now,no one can catch the lows
This time rally will be more powerful going towards 18-20k by year end
Most of the liquid counter prices are now equivalent to previous 11,000 ASPI levels and all favorite shares trading at deep discounts..! Fortunes are built during the down market and expect a recovery very soon..!!
Thank you #Asha Securities for this.
People who are worried about BIL reporting a loss please compare and see how well they have done.
Imagine how well they are doing this quarter with HNB consolidation and divestment.
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