Friday, January 20, 2017

Weakness in the ASI continues

Today's close of the ASI was 6169 from a high of 6224 on the 13th Friday. This makes trading so difficult except for the Traders who can avoid the agony and frustration.
Today's close was more towards 6150 once again and the direction is towards downwards. Unless some solid and tangible positive change takes place in the forward march in the Economy we will not see anything good happening. Borrowing through Bonds and jacking up Taxes whilst incurring many one sided expenditure can't be explained as extra-ordinary, except to say even the Three Wheeler Driver who became the Mayor of Colombo would have done a better job. My yearning hope is that the Construction and Manufacturing companies that makes supporting products to construction would give us some hope to survive.


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