Colombo Stock Exchange is seeing upward and bullish movements lately. Mainly on the back of credit rating improvement with somewhat of a financial stabilization of the country, government regulation direction being clear coupled with investor confidence levels improving.
@nimalhperera Mr. Perera is a genuine businessman who was a self starter and has done so much for the betterment of the country. Please do not tarnish his reputation.
It is very clear that LOFC price is artificially manipulated since today is the proportion decision date people trying to keep LOFC at a lower level to give additional shares for CLC holders. If tomorrow LOFC appreciates significantly @SEC_SriLanka should investigate.
Don’t get trapped due to herding effect. Make judgments based on facts. Do your own valuation before entering a counter and do not trust anyone just because. Remember if you are strong on a counter don’t worry about short term swings.
#CSE#Tuesday#ASPI
Don’t always think about the best case scenario when it comes to equity investing. Always stick to your fundamentals and make wise decisions, markets can be very cruel to newbies. Your lack of experience can be a very good opportunity for manipulators to make a hefty pay day.
Expo is overvalued according to me, even though they recorded a huge profit of LKR 6 billion + for the quarter their EPS is LKR 3.2. Their TTM Price to earnings are 6.7x. @Expolanka
I strongly condemn the cowardly attacks on our people today. I call upon all Sri Lankans during this tragic time to remain united and strong. Please avoid propagating unverified reports and speculation. The government is taking immediate steps to contain this situation.