Still there is a bit of uncertainty in the minds of people, and investors are adopting a wait-and-see approach. We believe confidence will be restored after the budget. Dimantha Mathew More Quotes by Dimantha Mathew More Quotes From Dimantha Mathew Market is moving up slowly in low volumes. I think market can move up a bit with the earnings. Dimantha Mathew industrials Even though market is still on a falling trend, there could be bounce back with the start of the earnings season and after the recent sharp fall. Dimantha Mathew technology The market could not sustain the morning buying interest. But the good sign is that the selling did not come in a big way. Dimantha Mathew technology On one hand, large quantities of foreign selling is available in the market. But on the other hand nobody is coming forward to buy the market. Dimantha Mathew technology The fall has already triggered margin calls for everybody. There is also lack of positive news and there is nothing concrete taking place on the government side, while interest rates are also slowly on the rise though the central bank is tightly holding them. Dimantha Mathew technology The market is falling way too fast with the continued foreign selling and talk of big foreign funds selling Sri Lankan shares due to global volatility. Dimantha Mathew technology Investors are of the view that they will likely see lower prices and are awaiting the psychological barrier of 6,000 mark. But we feel there is a possibility of small rebound with the huge downturn we have seen. Dimantha Mathew technology Market came down due to margin calls and panic selling. Dimantha Mathew technology The index fell below a psychological barrier of 6,760 today. That means the market could come down further. Dimantha Mathew technology The banking sector is the worst affected with the increased taxes from budget. Dimantha Mathew technology We are advising investors to cash out 30 percent of their portfolio with expectation of one-year t-bill yield to move up to 10 percent by end of the first half given tight global funding for Sri Lanka. Dimantha Mathew technology Foreign fund is going to get difficult and the local borrowing cost is going to be high as the government will have to mainly depend on local funds. Dimantha Mathew technology Banking sector is down as investors are expecting the new tax structure from the budget to hit banking profitability. Dimantha Mathew technology Retail and institutional investors were silent and nobody is willing to take a risk and enter the market. Dimantha Mathew technology Local participation is very low with the post-budget impact and with the closing in of holiday season. Investors are not in a buying mood ahead of the Fed rate decision. Dimantha Mathew technology Bit of foreign buying in big-cap shares helped the market. Dimantha Mathew technology Market is down on banks and banks are down on taxes. Dimantha Mathew technology Nothing much is happening with very low retail and high net worth investor participation. Dimantha Mathew technology Overall, there was low activity. Nothing much happened as many people were not in due to the holiday on Tuesday. Dimantha Mathew industrials All in all, it looks positive. This is what people have been waiting for. Dimantha Mathew industrials
