Blue Whale's Diary - 2018

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Re: Blue Whale's Diary - 2018

Postby GB » Thu Jan 11, 2018 11:14 pm

Thank you BW

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Re: Blue Whale's Diary - 2018

Postby Edmond » Fri Jan 12, 2018 12:06 am

Well covered, thx BW.

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Fri Jan 12, 2018 5:31 pm

12th Jan 18

So the 12th Friday became a RED Friday. The RED Friday shed the market index by 23 point going below the crucial 6,500 level. Majority of the blue chips weakness the market where JKH was leading, not to push up but to pull down. With the blue chips turning weak it seems that market too turning the other way around.

However turnover was higher than previous day with a value of 968Mn.JKH generated the highest turnover while Cold Stores became 2nd. The silver lining in the dark clouds continued for the ninth consecutive day as foreigners continue to pick fundamental counters. Today foreigners bought a net 77.3Mn worth of stocks. Foreigners have bought now 2,327 worth of equities on net basis.

So week 1 of 2018 went to bulls but week 2 belongs to bears. What will be on week 3 will be known after a long holiday.
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Re: Blue Whale's Diary - 2018

Postby PAT » Sat Jan 13, 2018 11:23 am

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

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Re: Blue Whale's Diary - 2018

Postby voight » Sat Jan 13, 2018 4:41 pm

Thanks BW
No tree grows to the sky :-?

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Jan 17, 2018 7:12 am

16th Jan 18

Market opened after a three day holiday but indices had failed to hold their grounds. ASPI declined by 26 points. Blue chips led the decline today with main commercial banks, COMB, HNB, SAMP, declining in tandem. Retail activities were low still indicating the relative inactivity of the active market participants.

Turnover level was however encouraging recording a figure close to 900Mn. Four crossings of HNB in the price range of 253-255 boosted the day's turnover. However the silver lining in dark clouds continue to shine today where another net foreign purchase of 539.2Mn was recorded, largely on account of HNB deals. Foreigners have so far bought equities worth of 2,866Mn on net basis YTD. Foreigners have been net buyers for all 10 market days we have so far @ CSE.

My puzzling questing is what are locals doing....
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 18, 2018 6:12 am

17th Jan 18

Market has declined further with a decline of 8 points. JKH recovered and move back to 160/- again. Activity levels seems stagnated with retailers continue to stay away from the market.

Turnover dropped to 491Mn from the previous day. Crossings in HNB & Sampath banks add some boost to the turnover. Foreigners grabbed undervalued counters for the 11th straight day with a net foreign buy of 147mn. YTD total net foreign buying stands at 3,013Mn so the net foreign buying exceeds 3Bn already.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 18, 2018 8:07 pm

18th Jan 18

Market decline has continued for the third consecutive day of the week. Today ASPI declined by 29 points higher than that of previous day. The drop in stock price of Commercial Bank had the heaviest impact on the indices. Hemas and Cold Stores price drops too added a heavy pressure.

Turnover level was a very encouraging 1,270 mn due to large activities in Commercial Bank, Sampath Bank and JKH. Commercial Bank witnessed a decline in foreign shareholding while Sampath & JKH witnessed the exact opposite. After 11 days of continuous foreign net purchase the first foreign net sale has reported today due to Commercial Bank shed. Today net foreign selling amounted to 279.6Mn and YTD foreign net purchase declined to 2,733.4Mn.

Market decline is currently underway and there are no strong reason to believe that tomorrow will be a better day unless a technical recovery is happened at least for short term given the continued drops in the last few days.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Fri Jan 19, 2018 8:23 pm

19th Jan 18

As expected a technical recovery happened today taking index by 33 points with a healthy turnover. JKH let the gains closing @ 164, up by 4/- while battered Hemas too gained in price. LDEV too seen trading actively and it has been seeing that the stock is trading within the price range of 5.60-7.00 so often,

Turnover reached 1.7Bn powered by many crossings in Commercial Bank and HNB. These two stocks accounted for more than 1.2Bn of the day's turnover. Foreign activities were at a fair level today though ending the day with a net foreign outflow of 62.1. YTD Net foreign purchase stood at 2,671Mn.

Week three of the year 2018 also goes to bears but at a lessor pace than week two due to today's recovery. Will the recovery of today going to be just a short term push up or a change in direction to be confirmed in next week.
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Re: Blue Whale's Diary - 2018

Postby newer1 » Sat Jan 20, 2018 12:35 am

Thanks BW
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Re: Blue Whale's Diary - 2018

Postby SHARK » Sat Jan 20, 2018 9:59 am

will this be up and down till results are out :)
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Re: Blue Whale's Diary - 2018

Postby PAT » Sun Jan 21, 2018 9:29 am

Thanks BW
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Re: Blue Whale's Diary - 2018

Postby Edmond » Sun Jan 21, 2018 12:45 pm

Thx BW.

Seems good demand (Foreign demand ) for bank giants such as COMB, HNB, SAMP etc.

Is it indicate some recovery of the economy in 2018. I can remember Sashmaal was mentioned it in somewhere those days.

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Tue Jan 23, 2018 6:01 am

22nd Jan 18

So it was a short term push up that happened on last Friday. Market decline started as usual for the third week as well. Today ASPI dropped by another 22 points. Hemas price drop had the biggest impact on the index while LOLC and HNB contributed as well.

Turnover was an average 461Mn with a net foreign purchase of 196.6Mn. YTD foreign purchase now standing at 2,868Mn. Despite continuous foreign appetite for SL equities the domestic investor community still adopting a wait-and-see approach ahead of mini polls.
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Re: Blue Whale's Diary - 2018

Postby GB » Tue Jan 23, 2018 8:06 am

Thank you BW

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Tue Jan 23, 2018 5:22 pm

Thanks GB. At least you have this to read. #:-s
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Re: Blue Whale's Diary - 2018

Postby fibreboy » Tue Jan 23, 2018 11:29 pm

Thanks BW... appreciate your effort ..

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Jan 24, 2018 3:54 pm

23rd Jan 18

Market index dipped slightly by only 3 point. CCS reacted negatively for the less-than-expected quarterly report causing the biggest impact to market red however little gains in Hemas, Commercial Bank and JKH cushioned the full impact.

Turnover reached close to 1.5Bn on account of foreign buying and selling. Foreign activity nearly accounted for a 85% of the day's turnover. Two major crossings happened between foreigners in JKH. In total 6.25Mn shares changed hands via two crossings & 164.80 per share. The day ended with a net foreign purchase of 226.1Mn making YTD net foreign buying to reach 3,094Mn.
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Jan 24, 2018 4:35 pm

24th Jan 18

Market has been up a little bit throughout the day till about 2pm but then pushed up suddenly to end the day up by 23points due to last minute gains in CTC. Apart from CTC there were hardly any price changes to either side.

Turnover level was a below average 453Mn with 2,500 trades only. It was a day with rater lethargic level of activity. However foreigners were active relatively snapping out available quantities in their favorite counters. Net foreign buying amounted to 29.4 mn making YTD net buying Rs3,123Mn.

JKH seems moving with a good foreign support. Can foreigners take it above 170/- and turn the market around once more to be seen from tomorrow onwards.
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Re: Blue Whale's Diary - 2018

Postby SHARK » Wed Jan 24, 2018 7:32 pm

can we taste 7000 this year :)
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Re: Blue Whale's Diary - 2018

Postby dhanurrox » Wed Jan 24, 2018 8:05 pm

Blue Whale wrote:24th Jan 18

Market has been up a little bit throughout the day till about 2pm but then pushed up suddenly to end the day up by 23points due to last minute gains in CTC. Apart from CTC there were hardly any price changes to either side.

Turnover level was a below average 453Mn with 2,500 trades only. It was a day with rater lethargic level of activity. However foreigners were active relatively snapping out available quantities in their favorite counters. Net foreign buying amounted to 29.4 mn making YTD net buying Rs3,123Mn.

JKH seems moving with a good foreign support. Can foreigners take it above 170/- and turn the market around once more to be seen from tomorrow onwards.

Still can JKH break 180?

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Wed Jan 24, 2018 8:08 pm

Let's see 170 first
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Re: Blue Whale's Diary - 2018

Postby Edmond » Thu Jan 25, 2018 12:51 am

Blue Whale wrote:24th Jan 18

Market has been up a little bit throughout the day till about 2pm but then pushed up suddenly to end the day up by 23points due to last minute gains in CTC. Apart from CTC there were hardly any price changes to either side.

Turnover level was a below average 453Mn with 2,500 trades only. It was a day with rater lethargic level of activity. However foreigners were active relatively snapping out available quantities in their favorite counters. Net foreign buying amounted to 29.4 mn making YTD net buying Rs3,123Mn.

JKH seems moving with a good foreign support. Can foreigners take it above 170/- and turn the market around once more to be seen from tomorrow onwards.


Thx BW.

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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 25, 2018 7:20 am

Welcome all the readers of my diary :ymhug:
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Re: Blue Whale's Diary - 2018

Postby Blue Whale » Thu Jan 25, 2018 8:55 pm

25th Jan 18

Market shows several up-down patterns but finally ended the day with a gain of 7 points. Gains made in Dialog shares were the main reason for market positivizes. JKH closed slightly higher @ 165.90.

Turnover went pass 1.3Bn for the day through 2,900 trades. Turnover were boosted from foreign deals in HNB & COMB. Foreigners continue to accumulate their favorite counters today as well with a net foreign buying of 876.8mn taking the YTD net foreign buying to 4Bn rupees. With todays foreign activity the net foreign buying reached 4Bn within the first month itself where we have another 3 market days remaining. The way things are happening we might be able to see foreign buying clocking close to 4.5Bn or 5Bn by the end of this month.
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