Sandeera Jayampathi @sandeeradsj - Twitter Profile

14 days ago

According to the poll, the 2 biggest catalysts for the CSE are Oil prices and the upcoming Budget. Yesterday, Brent surged 5% to $105, dragging the ASPI down 280 points (-1.38%). This morning, Brent has eased to $103.50. With the Budget just 20+ market days away, the ASPI is at a critical level of 20,234. Yet, unlike many previous downturns, Sri Lanka’s economic and corporate fundamentals remain strong despite external headwinds. 📊 Market PER: 10.80 📉 RSI: 18 (deeply oversold) So, what’s holding the market back? Liquidity and sentiment. Both can change very quickly. Will that be the turning point?

BuhardeenImtiaz's tweet photo. According to the poll, the 2 biggest catalysts for the CSE are Oil prices and the upcoming Budget.

Yesterday, Brent surged 5% to $105, dragging the ASPI down 280 points (-1.38%). This morning, Brent has eased to $103.50.

With the Budget just 20+ market days away, the ASPI is at a critical level of 20,234.

Yet, unlike many previous downturns, Sri Lanka’s economic and corporate fundamentals remain strong despite external headwinds.

📊 Market PER: 10.80
📉 RSI: 18 (deeply oversold)

So, what’s holding the market back?

Liquidity and sentiment.

Both can change very quickly. Will that be the turning point?

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@MarketNewsLK

over 3 years ago

"If stock market crashes, I will close it down" President's remark may be sarcastic, but given the weight he carries, it was highly irresponsible. Especially considering the forex inflows #SriLanka is getting via capital markets at present @RW_UNP @HarshadeSilvaMP @ShehanSema

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