John Keells Stock Brokers says #SriLanka stock market's All Share Price Index can reach 20,000 over the course of this year with a multiple re-rating of 10.5x and an expected earnings growth of 15% for FY26E
-JKSB's Sri Lanka Market Strategy, Jan 2025
Their recommendations 👇🏼
The market closed for the day, adding 64 points to the ASI. Turnover was 5B. There’s a strong chance of reaching a new all-time high tomorrow and setting a new level with Q3 financials expected next month
HOW TO IDENTIFY A DOWN-TREND:
1.High& lows
2.Fibonacci levels
https://t.co/gbcr2CpivB levels
https://t.co/vjfwt9sVKX patterns
5.Flag patterns
6.Volume
7.Moving average
8.Moving average cross over&
9.Elliot waves