March, 5, 2021
The performance of many companies this year is definitely on the rise, the State Minister of Money & Capital Markets and State Enterprise Reforms, Ajith Nivard Cabraal, said in a Twitter message.
"The market overall PEs are low. The Rupee's holding value. Interest rates are low. There's ample room for the market cap to grow. It's time to hold or buy", the State Minister further said.
Meanwhile the former Central Bank governor also said he requested the CSE to allow broker credit based on total portfolio and not force-sell individual stocks. He said they will also soon discuss this matter with banks and other lenders to arrive at a suitable solution.
The performance of many companies this year is definitely on the rise. The @CSE_Media's overall PEs are low. The Rupee's holding value. #interest rates are low. There's ample room for the market cap to grow. It's time to hold or buy. #lka #SriLanka #corporates #capitalmarket
— Ajith Nivard Cabraal (@an_cabraal) March 5, 2021
Requested @CSE_Media to allow broker #credit based on total portfolio & not force-sell individual #stocks: will also soon discuss this matter with #Banks & other lenders to arrive at a suitable solution. #lka #SriLanka #corporates #capitalmarket #Investments
— Ajith Nivard Cabraal (@an_cabraal) March 5, 2021
On a medium term perspective, the mkt cap of Sri Lankan listed companies should be well over Rs.4.5trn. It's only Rs.3.0trn now. Those who are selling at current #ASPI levels are surely making a mistake. @CSE_Media #lka #SriLanka #corporates #reality #capitalmarket
— Ajith Nivard Cabraal (@an_cabraal) March 5, 2021
Video Story