Weekly Close
Market had a weekly close above level 3, the last horizontal resistance before testing all time high again.
Incidentally market reached the target of the pattern, of which breakout happened on April 24th, 2025.
What Next:
We continue to remain bullish on the ASI/CSE and believe we may record a new all-time high in 2025.
1. CBSL gave an unexpected rate cut in May 2025, indicating low-interest rate regime will continue further well into next year. Inflows into CSE will increase further as yield of fixed income instruments are becoming more & more unattractive.
2. Companies have delivered solid earnings for the just concluded FY 2024/25.
3. Market valuations are still low compared to previous bull markets during 2009-2012 and 2020-2022.
4. Opportunities arising from vehicle importations are yet to materialize for the respective sectors.
5. Probability of IMF releasing the next tranche is very high during next few weeks.
6. Government is strongly committed to the IMF program.
Be watchful
1. Developments on US/SL trade talks
2. IMF actions and commentary
Market had a weekly close above level 3, the last horizontal resistance before testing all time high again.
Incidentally market reached the target of the pattern, of which breakout happened on April 24th, 2025.
What Next:
We continue to remain bullish on the ASI/CSE and believe we may record a new all-time high in 2025.
1. CBSL gave an unexpected rate cut in May 2025, indicating low-interest rate regime will continue further well into next year. Inflows into CSE will increase further as yield of fixed income instruments are becoming more & more unattractive.
2. Companies have delivered solid earnings for the just concluded FY 2024/25.
3. Market valuations are still low compared to previous bull markets during 2009-2012 and 2020-2022.
4. Opportunities arising from vehicle importations are yet to materialize for the respective sectors.
5. Probability of IMF releasing the next tranche is very high during next few weeks.
6. Government is strongly committed to the IMF program.
Be watchful
1. Developments on US/SL trade talks
2. IMF actions and commentary
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