Blue Whale's Diary - 2018

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Blue Whale's Diary - 2018

Postby Blue Whale » Wed Jan 03, 2018 5:35 am

2nd Jan 18

2018 begins with the exact opposition way to the beginning of 2017. Market gained by 42 points yesterday on low turnover largely helped by the gains in CTC owing to its 4th interim dividend. Market heavyweights such as JKH, DIAL and COMB contributed as well. I saw CSE declining by 35 points on the same day exactly one year ago with CTC gaining but JKH declining.

Interestingly foreigners turned net buyers from the first trading day of 2018 with a net foreign inflow of Rs111.4mn. This accounts for 57% of the day's turnover.

Though the activity levels were low this is a positive sign for 2018. Other than the blue chips the plantation sector stocks too were rising. Are these indicators towards a better January in 2018 than 2017. Time to tell us.
Value Invest Profit

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: Blue Whale's Diary - 2018

Postby PAT » Wed Jan 03, 2018 10:41 pm

Thanks BW........
Live Today........
Without compromising your ability to Live Tomorrow……… :)

fibreboy
Member
Member
Posts: 76
Joined: Sat Oct 01, 2016 7:47 pm
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby fibreboy » Wed Jan 03, 2018 11:52 pm

Thanks bw

Edmond
Senior Member
Senior Member
Posts: 634
Joined: Thu Jan 29, 2015 11:50 pm
Location: The Earth
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Edmond » Thu Jan 04, 2018 2:58 am

Thx BW. Really appreciate your hard work.... :ymapplause:

senarath67 +
Member
Member
Posts: 56
Joined: Wed Sep 07, 2016 7:00 pm
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby senarath67 + » Thu Jan 04, 2018 6:31 am

Thank you Blue Whale.

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 04, 2018 7:06 am

3rd Jan 18

Market is gaining in momentum. The activities have improved @ CSE yesterday. Market index gained by 52 points with a turnover of 638Mn. The market gains came from blue chips led by JKH, CTC, LOLC, SAMP, etc. CFVF and CSEC gained momentum ahead of possible higher dividend announcement.

Foreign accumulation continued for the second straight session with a net purchase of 344.4Mn. Once again foreign activities accounted for more than half of the day's turnover. YTD net foreign purchases reached to 455.8Mn.

ASPI seems gaining momentum according to technical charts. Though its not confirmed yet whether the CSE is in for a bull run but the continuation of the current upward movement today will certainly confirm it.
Value Invest Profit

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby NC+ » Thu Jan 04, 2018 7:11 am

Good start BW... Appreciate the hard work :ymapplause:
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 04, 2018 6:26 pm

4th Jan 18

Market index was up marginally till last hour but low-volume play on CTC made the market index collapse by more than 25 points but recovered to end the day with lower than yesterday's index value by 3 points. Despite the price drop in CTC the gains in COMB, JKH , MELS, etc kept the market from a heavy fall.

Turnover reached close to 1.5Bn, the first such instance for 2018, thanks to crossing on HNB. Four HNB crossings happened @ the price of 250/-. Other than that stocks like JKH, ASIR, COMB, LGL, CFVF, etc were seen actively trading. Net foreign buying was reported for the 3rd consecutive day, This time with a staggering 1,317.3Mn largely on account of foreign buying in HNB. Now the net foreign buying stands @ 1,611.1Mn.

On technical grounds it is yet to confirm a bull trend however the start of 2018 is certainly better than that of 2017. Let's hope for the best tomorrow.
Value Invest Profit

Edmond
Senior Member
Senior Member
Posts: 634
Joined: Thu Jan 29, 2015 11:50 pm
Location: The Earth
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Edmond » Thu Jan 04, 2018 6:32 pm

Thx BW, really appreciate.... :ymapplause:

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Fri Jan 05, 2018 10:51 pm

5th Jan 18

Being the last day of the trading week CSE finished it like the last 10 minutes of a 100m race ending the day with another gain of 55 points. JKH led the wave from the morning and the momentum spreaded to other stocks as well making it a day with stock market rally.

Turnover surpassed 1Bn for the second consecutive day. Lion Brewary, JKH, Sampath Bank and Commercial Bank led the turnover today.

Foreigners turned to be the net buyers for the 4th consecutive day, this time with a net purchase of 357mn
Foreigners have bought to the total of 1,968mn on net basis.

With ASPI registering a gain of 146 points within 4 days market RSI has moved from 44.5 to 72.1 indicating the strong momentum. I expect the index to reach 6,650 before settling for any consolidation. JKH, SAMP, DIAL, COMB, HNB, etc are expected to play a big roll in this.market rally.
Value Invest Profit

Edmond
Senior Member
Senior Member
Posts: 634
Joined: Thu Jan 29, 2015 11:50 pm
Location: The Earth
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Edmond » Fri Jan 05, 2018 10:58 pm

Thx BW.

With the momentum penny stocks also will rallied. DPL, ECL, LCEM, ACME already got some movement.

User avatar
GB
Top Contributor
Top Contributor
Posts: 1076
Joined: Fri Aug 26, 2016 3:23 pm
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby GB » Sat Jan 06, 2018 11:26 am

Thank you BW.

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Tue Jan 09, 2018 7:23 am

8th Jan 18

The week started positively to the happiness of CSE investors. ASPI closed the day 25 points higher than last week's close. Once again the major pulling factor was the rise in JKH stock price which accounted for more than 50% of the day's gains. Nestle, LOLC and Tokyo cement were key among the other stocks that gained today.

Turnover reached 1.7Bn for the day, the 3rd consecutive day of the month with a turnover exceeding 1Bn mark. The turnover was boosted by the change in controlling stake of Ceylon Tea Brokers and the deals in Commercial Bank. Apart from these two companies many other crossings were witnessed in Sampath Bank. ACL. Peoples Leasing & Melstacorp.

Its a day largely with equal foreign buying as well as selling. However a net foreign purchase of 34Mn was recorded. This is the fifth consecutive day with net foreign @ CSE for 2018. The YTD net foreign purchase stands at 2,002Mn for 2018. It is a very encouraging sign that net foreign buying at CSE reached 2Bn mark within the first week itself indicating that 2018 will going to be completely different than 2017.

Foreign investors continue to establish positions in fundamentally strong counters while local investors still adopting a wait-and-see approach or still on holiday mood. I pray that the wisdom may reach them soon before the large investors suck all the opportunities in the market.
Value Invest Profit

User avatar
GB
Top Contributor
Top Contributor
Posts: 1076
Joined: Fri Aug 26, 2016 3:23 pm
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby GB » Tue Jan 09, 2018 7:35 am

Thank you BW :ymhug:

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Tue Jan 09, 2018 9:35 pm

9th Jan 18

After consecutive days of market rally today ASPI took a step back to make the heat become cool down. In that process ASPI ended the day declining by 13 points. SLT led the day's decline while JKH, LGL, etc joined as well.

Turnover declined to 547Mn from 1.7Bn yesterday. More than half of the turnover came from the trades in JKH. Net foreign buying recorded for the sixth consecutive day @ CSE. This time the figure was 205.2Mn. On YTD basis net foreign purchase increased to 2,207Mn which is a very healthy level.

I believe our local investors wake up soon and make use of the opportunities before the foreigners seize them all.
Value Invest Profit

newer1
Technical Analyst
Technical Analyst
Posts: 754
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby newer1 » Tue Jan 09, 2018 10:22 pm

Thank you BW
BE A FRIEND OF TREND

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: Blue Whale's Diary - 2018

Postby SHARK » Wed Jan 10, 2018 12:51 am

you need market movers ..... to create the CSE RUSH
Price is what you pay. Value is what you get.”

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Jan 10, 2018 7:07 am

NP says now he is into fundamantal long term outlook stocks. Who will want to wear his previous shoes ;)
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Jan 10, 2018 8:00 pm

10th Jan 18

Market slide continued today as well ending the market index below 24 points than yesterday. Market just hanging above the crucial 6,500 mark. This time the decline is mainly caused by the reduction in CTC price.

The turnover level was a below average one with a value of 376Mn. Retailers continued to stay on sidelines while a some activity were generated by foreigners. Though in small volumes foreigners continue to grab available quantities in the market. As a result another day of net foreign purchase concluded, this time with a net purchase of 18.3Mn. Foreigners have bought for the seventh consecutive day at CSE with a YTD net inflow of 2,225Mn.

The golden questions are whether ASPI can hold the support @ 6,500, Whether JKH turn around the market, Whether retail stocks such as LDEV, ECL, LCEM, MAL, etc gain in momentum. Tomorrow can have some answers.
Value Invest Profit

User avatar
topcat
Moderator
Moderator
Posts: 2782
Joined: Mon Nov 09, 2015 8:50 pm
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby topcat » Wed Jan 10, 2018 9:33 pm

Thanks blue
"Keep winners, Sell loosers"

newer1
Technical Analyst
Technical Analyst
Posts: 754
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby newer1 » Thu Jan 11, 2018 12:24 am

Thanks BW
BE A FRIEND OF TREND

User avatar
matrix
Member
Member
Posts: 194
Joined: Mon Jun 06, 2016 10:03 am
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby matrix » Thu Jan 11, 2018 12:32 pm

Thank you BW
Stuck in a generation where LOYALTY is just a tatoo, LOVE is just a quote & lying is the new TRUTH

User avatar
GB
Top Contributor
Top Contributor
Posts: 1076
Joined: Fri Aug 26, 2016 3:23 pm
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby GB » Thu Jan 11, 2018 1:30 pm

Blue Whale wrote:10th Jan 18

Market slide continued today as well ending the market index below 24 points than yesterday. Market just hanging above the crucial 6,500 mark. This time the decline is mainly caused by the reduction in CTC price.

The turnover level was a below average one with a value of 376Mn. Retailers continued to stay on sidelines while a some activity were generated by foreigners. Though in small volumes foreigners continue to grab available quantities in the market. As a result another day of net foreign purchase concluded, this time with a net purchase of 18.3Mn. Foreigners have bought for the seventh consecutive day at CSE with a YTD net inflow of 2,225Mn.

The golden questions are whether ASPI can hold the support @ 6,500, Whether JKH turn around the market, Whether retail stocks such as LDEV, ECL, LCEM, MAL, etc gain in momentum. Tomorrow can have some answers.



No clear direction up to now... :-??

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 11, 2018 9:57 pm

GB wrote:
Blue Whale wrote:10th Jan 18

Market slide continued today as well ending the market index below 24 points than yesterday. Market just hanging above the crucial 6,500 mark. This time the decline is mainly caused by the reduction in CTC price.

The turnover level was a below average one with a value of 376Mn. Retailers continued to stay on sidelines while a some activity were generated by foreigners. Though in small volumes foreigners continue to grab available quantities in the market. As a result another day of net foreign purchase concluded, this time with a net purchase of 18.3Mn. Foreigners have bought for the seventh consecutive day at CSE with a YTD net inflow of 2,225Mn.

The golden questions are whether ASPI can hold the support @ 6,500, Whether JKH turn around the market, Whether retail stocks such as LDEV, ECL, LCEM, MAL, etc gain in momentum. Tomorrow can have some answers.



No clear direction up to now... :-??


Be patient dear GB :D
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 11, 2018 10:18 pm

11th Jan 18

Market ended in red again with a minor 6 points though. Price weaknesses in JKH and SLT made the market index red this time. In the meantime market closed slightly below the crucial 6,500 mark. Hope this is for a temporary time only.

The turnover of 532Mn was however higher than yesterday. Turnover was received a boost from crossings in JKH and CFIN. However one thing came along nicely non stop for the 8th consecutive day which is non other than net foreign buying. Though in small numbers that one was kept coming, this time it is a net foreign buying of 24Mn.

So largely it was a day with stagnated market. What can be ready for tomorrow. Its Friday but still anything can be possible.
Value Invest Profit


Return to “Stock Market Talkz”

Who is online

Users browsing this forum: No registered users and 3 guests