Blue Whale's Diary - 2018

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Re: Blue Whale's Diary - 2018

Postby newer1 » Mon Feb 05, 2018 1:24 pm

If so , what may be the main contributors?
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Tue Feb 06, 2018 7:34 am

I guess JINS group stocks and few plantations will lead the retail sentiment.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Tue Feb 06, 2018 5:20 pm

6th Feb 2018

Market started the week after long weekend positively but faded-off later on. Sometimes less than expected fireworks from JINS group could jolted the retail hopes or the creeping in fear from US markets could panic the local investors. Whatever the case the market ended the day losing 8 points. JKH was the biggest contributor for the market decline who has reported a considerable decline in earnings in its latest quarterly report. However gains in LOLC cushioned the impact to a certain level. Janashakthi Insurance was seen reaching 29/- but gradually came down thereafter to close the day @ 27.50.

Day's turnover reached 848Mn with number of trades exceeding 4,800. The highest turnover was from JINS followed by JKH. However foreigners were seen collecting available quantities from the market which resulted a net foreign buying of 122.2Mn taking the YTD net foreign buying to 4,402Mn.

With the signs of market heavyweight JKH becoming weaker on the back of pressure in earnings foreigners might try to negotiate blocks for lower prices which will ultimately push down the market index. Hence we need to be watchful for possible bargains in the market.
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Re: Blue Whale's Diary - 2018

Postby PAT » Tue Feb 06, 2018 7:39 pm

Thanks BW
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Feb 07, 2018 7:24 am

Don't forget to monitor closely the JKH chart.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Feb 08, 2018 2:58 pm

7th Feb 2018

Market slip due to world market crisis checkmated by the activeness of retail counters @ CSE where the decline in index was limited to only 5 points. The blue chips balanced out the power between Red & Green while the retailers kept the market alive. Lot of activity was seen on JINS, CSEC, LDEV, BFN, etc which were honey pots for retailers.

Turnover reached an impressive 968Mn with total number of trades hitting 5,700 level. Commercial Bank (non voting) generated the highest turnover helped by a crossing 2.9Mn shares @ 108.2 per share while JINS coming second. Besides the retail play foreigners continue in their journey of collecting available quantities at bargain prices. Net foreign purchase amounted to 124.4Mn making the YTD net foreign purchase to 4,527Mn.

The retail play will be the key for the coming days to keep the market alive just before the mini elections.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Feb 08, 2018 9:37 pm

8th February 2018

It was a super day for CSE after a very long time. Market went up balistically from the morning to end gaining the momentum at a higher pace towards the end. The retailers who very sleeping largely has waken up in the past week or so and had the maximum craziness during the day. Market closed higher by 36 points with gains in both big cap as well as mid cap stocks. Big cap stocks like Carsons, Nestle and Vallible One has added more weight to the index gain while mid cap stocks like SHL,JINS, BFN, LDEV, MAL, CFVF etc. added the spice for retail craziness. No doubt that the group restructure plan of Janashakthi Insurance has resurrected the retail interest this year, so far, the same way BIL group restructure resurrected the retail interest last year. As predicted at the correct time plantation sector showing signs of resurgence once again with price gains of fundamental counters in the industry.

Total turnover surpassed 1Bn mark closing the day recording 1.3Bn came from a total number of trades of 9,650, the highest recorded for more than a year. Softlogic, Janashkthi and Cold Stores occupied the first three places while other retail counters adding too. Whatever the uncertainties happened in foreign markets the foreigners continue to buy available quantities during the day as well registering another foreign net buying amounting to 392.9Mn. YTD net foreign purchases now amounting to 4,920Mn, just at the brinks of reaching 5Bn mark in such a short time.

So active days will continue tomorrow as well with JINS group shares and plantations shares are expecting to mesmerize our overdue retail sleepers making the floor even hotter just before the mini elections.
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Re: Blue Whale's Diary - 2018

Postby dhanurrox » Thu Feb 08, 2018 10:02 pm

Tomorrow 10000+ trades. =:) =:) :-bd

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Re: Blue Whale's Diary - 2018

Postby GB » Thu Feb 08, 2018 10:13 pm

Thank you BW. Tomorrow is the last date prior to mini election. Lets hope for the best.

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Re: Blue Whale's Diary - 2018

Postby Edmond » Thu Feb 08, 2018 10:18 pm

Thx BW.

Even some uncertainty about the election Mr.Market is moving. That is good sign as foreign & local people are believing the future of the economy & market.

Happy trading.... :ymapplause:

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Re: Blue Whale's Diary - 2018

Postby PAT » Fri Feb 09, 2018 1:01 am

Thanks BW....
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Fri Feb 09, 2018 8:55 am

The retailers are the key. You need to remember that hardly.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Mon Feb 12, 2018 10:42 pm

12th February 18

Market experienced volatility and ultimately ended the day on a negative note after the unexpected shocking result of the local government election. As per the analysts the election outcome may well create big chances for political uncertainty within the country where the balance of power of the ruling coalition may at stake. ASPI lost 29 points with decline of many high-cap and mid-cap stocks. As hinted before JKH has started its negative reaction which suffers huge earning pressures and close the day @ 155.30. Other declined stocks included SLT, CARG, COMB, BULI, etc. Dialog and HNB Assurance started trading with attractive dividend announcements but closed the day with relatively low absolute gain in share prices compared to the dividend indicating the current depressness of the market or the speculation of dividends already factored the dividends of the share price.

Turnover was an average 598Mn came through 4,897 trades. As usual foreigners continue to collect fundamental stocks at discounted prices. Today net foreign inflow recorded was 289Mn. Now YTD net foreign inflow stands at 5,300Mn exceeding the 5Bn mark very early in the year. Retail stocks are seen a kind of slow down but interest in SHL continue to gain momentum where the stock surpass the 20/- mark for the first time in it history.
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Re: Blue Whale's Diary - 2018

Postby SHARK » Mon Feb 12, 2018 11:38 pm

Whats your view on Foreign net inflow ?
Will the foreigners start to leave ...... !
Leaving the CSE in the hands of manipulators :-B
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Re: Blue Whale's Diary - 2018

Postby godswen » Tue Feb 13, 2018 1:14 am

Blue Whale wrote:12th February 18

Retail stocks are seen a kind of slow down but interest in SHL continue to gain momentum where the stock surpass the 20/- mark for the first time in it history.


I remember SHL over 25 back in the day?

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Tue Feb 13, 2018 7:42 am

That depends on their perception SHARK. They will watch and see the developments before taking a firm decision. Not like our local investors.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Feb 14, 2018 4:30 pm

14th Feb 2018

The valentine's day didn't fall in love with CSE due to the effects of the calamity happened in Sunday. Market closed the day declining by 11 points with volatility was seeing throughout the day. JKH, SHL & DIAL added some strength to the index however the negative effects of other stocks such as COMB, BUKI, HNB, etc were greater.

Turnover was a moderate 655Mn. Softlogic has generated 222Mn of turnover, the highest for a stock today. Net foreign purchases continued for th day too with a net value of 97Mn. YTD net foreign purchases now stands at 5,397Mn.

ASPI is showing signs of reversal since the conclusion of the local government elections. RSI dropping to 61.3 after hitting 70s just before the elections. Though early to say, I can see the signs of market coming down further. However the activation of retail optimistic counters such as JINS, SHL and few of the good plantations can bring some stability to the index in the days to come.
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Re: Blue Whale's Diary - 2018

Postby PAT » Wed Feb 14, 2018 7:55 pm

Thanks BW
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Feb 15, 2018 9:02 am

So far we continue to see net foreign inflow one thing constant this year for CSE.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Feb 15, 2018 10:15 pm

15th February 18

Yesterday's losses were revered comprehensively today with lot of retail activity. This is the beauty of retail market and a pivotal requirement for any stock market progress. It seems election shocks were kept apart and traders start focusing on the equities. Index gained by 21 points thanks to major gains reported in CTCE, COMB, CARG, etc on top of the significant gains recorded in retail counters such as JINS, SHL, SCAP and EAST. I can see a bunch of other stocks are coming into the fore and will surely up and run in the coming days. CTCE announced a massive result plus a massive dividend I have anticipated more than 3 quarters ago.

Total turnover reached a respectable 878Mn through over 7,600 trades. The noticeable feature is that 2/3rd of those turnover came from retailers. Foreigners were relatively less active but buying as well as selling an equal amount. A marginal net foreign outflow of 2.3Mn recorded. YTD foreign buying stood at 5,395Mn.

Tomorrow will be a busy day and I expect the market to end in a positive note. Stocks to watch will be JINS, LDEV, CSEC, EAST, SCAP, SFIN and LCEM.
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Re: Blue Whale's Diary - 2018

Postby Edmond » Thu Feb 15, 2018 10:19 pm

Blue Whale wrote:15th February 18

Yesterday's losses were revered comprehensively today with lot of retail activity. This is the beauty of retail market and a pivotal requirement for any stock market progress. It seems election shocks were kept apart and traders start focusing on the equities. Index gained by 21 points thanks to major gains reported in CTCE, COMB, CARG, etc on top of the significant gains recorded in retail counters such as JINS, SHL, SCAP and EAST. I can see a bunch of other stocks are coming into the fore and will surely up and run in the coming days. CTCE announced a massive result plus a massive dividend I have anticipated more than 3 quarters ago.

Total turnover reached a respectable 878Mn through over 7,600 trades. The noticeable feature is that 2/3rd of those turnover came from retailers. Foreigners were relatively less active but buying as well as selling an equal amount. A marginal net foreign outflow of 2.3Mn recorded. YTD foreign buying stood at 5,395Mn.

Tomorrow will be a busy day and I expect the market to end in a positive note. Stocks to watch will be JINS, LDEV, CSEC, EAST, SCAP, SFIN and LCEM.


Thx BW.

Expecting a busy day. Cheers... :o)

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Re: Blue Whale's Diary - 2018

Postby PAT » Fri Feb 16, 2018 1:15 am

Thanks BW
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Re: Blue Whale's Diary - 2018

Postby solace » Fri Feb 16, 2018 6:04 am

Thanks mate.

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Fri Feb 16, 2018 6:55 am

I forgot to add CTCE to the list under watch category.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Fri Feb 16, 2018 6:53 pm

16th Feb 18

As expected the week ended the day today with a gain of 10 points. Similar to yesterday's market behavior today market activities also dominated by the retail community. Major support for index gain were received from Sampath Bank, AIA Insurance and Vallible One. Sampath bank closed @ 327/- up by 9/- on the back of the announcement of scrip dividend. AIA continue to gain due to dividend announcement and fantastic quarterly result closed the day gaining 64/- after establishing a new 52w high price of 530/-. Vallible One received a good retail interest on the back of rising SAMP stock closed the day up by 1.60. Other than these three stocks the other two super stocks were EAST, as predicted yesterday, and SHL.

Total turnover reached a respectable 735Mn came through over 8,000 trades reflecting the retail enthusiasm. However foreign activities continue to be at the lower side however recording a net foreign purchase of 109.5Mn taking the YTD net foreign purchase to 5,504Mn.

After we saw the play at SHL group today we saw the signs of waking up from GREG group. Sometimes it will be the next wave for retailers.
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