Dimantha Mathew

Dimantha Mathew has been quoted 13 times. The two most recent articles where Dimantha Mathew has been quoted are Sri Lankan shares end higher as investors pick large caps and Sri Lankan shares rise on bargain hunting, snap 5-day losing streak. Most recently, Dimantha Mathew was quoted as having said, “We expect good results in December quarter, but the results are unlikely to move the market because of the uncertainty factor.”.

Dimantha Mathew quotes

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There was a bit of bounceback because the market has fallen sharply and there is no specific reason as the situation has not changed for the market to move up.

We expect good results in December quarter, but the results are unlikely to move the market because of the uncertainty factor.

Market edged up in thin volumes despite continued selling pressure.

Foreign selling in Keells is still continuing and that has brought the market down.

The market trading was quiet. We expect the turnover levels to fall further. The next supporting level is at 6,000. We expect the index to fall in thin trade.

A sizeable crossing of Seylan Bank boosted the turnover. Other than the Seylan trade, there was nothing. The market is getting slower by the day with the holiday mood.

Bond and equity markets have adjusted for the Fed rate hike. We have seen outflows in the last three months. But going forward, we may go into a period of economic and political uncertainty because of a large number of bonds maturing in the first half on 2017 and local elections, plus a referendum coming up next year.

The positive sentiment was short-lived and uncertainty over budget proposals and lack of positive sentiments very bad for investor climate.

Confidence levels are very low and selling pressure is starting to increase with continued foreign selling.

Investors are worried with the rising interest rates after the T-bill yields rose this week. There isn't a lot of selling pressure and investors are awaiting cautiously.

Increases in various taxes, including the withholding tax and corporate tax, have impacted the capital markets.

Today the market was a bit positive with some foreign inflows. Even though the quantity was low the foreign interest was there.

It's purely on the IMF deal. The buying came in and we will see this trend continuing for a few more days. But it could be a short-lived one with expected poor earnings while interest rates have been on the rise.

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