Ravi Says That He Has Worked Hard To Curb Inflation By Bringing Down The Price Of Shares In The Stock Market

The Finance Minister today said that his Ministry has been working round the clock to address the public’s concern with regards to inflation by taking steps to reduce the cost of some essential goods, with the price of shares already significantly down.

Speaking at a rally in his garden, Mr Karunanayake said, “I know people now have less money as a result of the rising inflation and also the increase in costs of vehicles which was not necessary, but not everything has risen in price. While some people have complained about the increase in Green Chillis, I say what about the decrease in the price of shares. People should substitute Chillies for the equity in some Sri Lankan companies which are at all-time low. I hear that JKH shares go very well some Pol Sambol, giving the right amount of kick.”

A number of nervous investors said, “This Stock Market crash is going to hurt us really badly. Some of us have already taken steps by investing in Green Chillies, Lumprais and Cupcakes. Have you seen the increase in the price of cupcakes in the last 6 months? It’s nuts – I bought one that cost me more than a buffet lunch. But at least it comes with free symptoms of diabetes. The Red Velvet at one of these cake shops put me in the red.”

And here is today’s stock market report – The All Share Price Index was down by 45 points against the L.A Lakers. In the Finance and Banking sectors, Pan Asia has been universally panned and very few investors have any interest in Seylan Bank while Vallibel may have been misspelled during incorporation. Moving on to retail, a number of traders said that there was no logic in buying Softlogic. In the agriculture sector, there was little growth for Finlays while BAT is going up in smoke. In the hotel industry, Citrus has left its shareholders with a sour taste. Ceylinco Insurance is trading at a premium and finally a number of private investors decided to short Orange Electric.

http://newscurry.co/ravi-says-that-he-has-worked-hard-to-curb-inflation-by-bringing-down-the-price-of-shares-in-the-stock-market/

Wow ... so like reducing the price of essentials Ravi has reduced the price of Shares... How about putting upper ceilings and ensure the share prices will not move beyond Palana Mila... Anyway Yahapalana has already selling shares at Palana mila....

People should substitute Chillies for the equity in some Sri Lankan companies which are at all-time low.

So this is the finance minister of Sri Lanka.

@ Balapas... first I thought you are just joking and even my above comment is a joke... Sorry for that...

Now only I read Mirror Business 27th Jan 2016...

" Selling JKH ... EPF suspected"

It was in the grapevine yesterday that the state controlled private sector pension fund , the EPF had been selling top blue chip JKH shares dragging the share price as well as the entire market down...

Oh my God... Yahapalana has really imposed Palana Mila over shares...

Those who were suspecting Manipulators are the cause to push market down can now really identify the manipulator... Will they ?

They were talking about EPF exiting investments but wonder this is the time to do it and how it should be done. Or is it something else, no idea. Need to get rid of Paskaralingam, Bradmon weerakoon , Ronnie demel etc who are passed 80 by now to take advice. They should have dementia by now. Also Ravi K must go.

So you mean to say that there are no new brains than what was frozen with views of 80s in Yahapalana Clan...

Why cant these so called NALUWEK NOWA MOLAYAK people study Norwegian Petroleum Fund... the fund that own 2%+ of the entire world share market...

Norges Bank or the Central Bank of Norway is handling the account... Here our Naluwek Nowa Molayak trying to take away the handling from Central Bank of Sri Lanka.

Norway Pension Fund was initially investing only in Debt but later slowly moved into Equity and now almost 66% in equity..Our Naluwek Nowa Molayak try to exit from Shares...

This is what happen when People Freeze their Brain...

No..No..
There are some hidden manipulators.. who are invisible.. hence never caught although you tried hard to catch..
There are absolute supporters of former government and former president..
They manipulate and sell JKH even at a huge loss..
What is EPF fund.. these people have bigger funds than EPF…
This is public money robbed during previous government..
You have to believe me.. if not I will repeat until you believe me..
They are still controlling the country, the economy and the share market..
They are invisible.. very powerful…
You have to believe me..
And
I bet.. they will never caught during this yahapalana regime..
They will always appear as scapegoats when you are failed..
manipulators... please..

Very funny hoax web !

seek wrote:No..No..
There are some hidden manipulators.. who are invisible.. hence never caught although you tried hard to catch..
There are absolute supporters of former government and former president..
They manipulate and sell JKH even at a huge loss..
What is EPF fund.. these people have bigger funds than EPF…
This is public money robbed during previous government..
You have to believe me.. if not I will repeat until you believe me..
They are still controlling the country, the economy and the share market..
They are invisible.. very powerful…
You have to believe me..
And
I bet.. they will never caught during this yahapalana regime..
They will always appear as scapegoats when you are failed..
manipulators... please..

Hi Seek

Seek & Hide

Even development is invisible in these days...

Believe me... Believe me ... Head of the state says Development is invisible

Not even shown in GDP figures

Not even shown in ASI triggers

Manipulators are invisible

development is Invisible and insensible

=======================================================

I am really thinking of going for a self-imposed ban for couple of months as I cant help commenting on Politics and naturally happen to add more adjectives in my language....

Many buggers expected ASPI to reach 10,000 points due to the Yahapal business strategies. But what happened?????

Yahapal aanduva market eka amu amuven meruva neda. They started with Super gain taxes and killed the momentum. That was the starting point of this carnage. Then interest rate hike, rupee depreciation, anti investor talks, punishing local businesses such as tile sector, creating selling pressure when the market momentum picking up such as BFL, ACL, JKH, etc and imposing many restrictions on banks and lending institutions.

Now no one talks about ASPI reaching 10,000 points but talking of reaching 5000 points.            

Future123 wrote:Many buggers expected ASPI to reach 10,000 points due to the Yahapal business strategies. But what happened?????

Yahapal aanduva market eka amu amuven meruva neda. They started with Super gain taxes and killed the momentum. That was the starting point of this carnage. Then interest rate hike, rupee depreciation, anti investor talks, punishing local businesses such as tile sector, creating selling pressure when the market momentum picking up such as BFL, ACL, JKH, etc and imposing many restrictions on banks and lending institutions.

Now no one talks about ASPI reaching 10,000 points but talking of reaching 5000 points.            

I want to remain silent in this background...Yet can I ? When some try to dress the Nudist with " Naluwek nowa Molayak" , we too become blind....Ok..Ok... Development is invisible and will not represent in GDP figures or ASI numbers... Only the Intelligent can sense them..

We the fools cant see them.....

The website from where Balapas has taken this news seems to talk rubish- not facts, with hidden motives. Intended to create confusion among the public. Be careful guys.

seek wrote:People should substitute Chillies for the equity in some Sri Lankan companies which are at all-time low.

So this is the finance minister of Sri Lanka.  

Shall we stop buy shares and grow chilies ?

It's satire guys, lighten up ! Great site, gives a better picture than the mainstream news.

It is a well known entertainment  hoax web in Sri Lanka, MARA lovers just got excited.  

http://www.dailymirror.lk/104333/selling-at-jkh-epf-suspected

It was in the grapevine yesterday that the state-controlled private sector pension fund, the Employees’ Provident Fund (EPF), had been selling top blue-chip John Keells Holdings PLC (JKH) shares, dragging the share price as well as the entire market down.

According to Lanka Securities, the JKH share yesterday slipped to a one-year low of Rs.150.10 before closing at Rs.153.70, down 2.1 percent. JKH contributed 45 percent to the day’s turnover of Rs.341.3 million, well below this year’s average of Rs.792 million, with almost one million shares changing hands.

Brokers said the EPF may be selling JKH shares in a lacklustre market to buy back a share parcel at a more attractive price later. However, analysts pointed out, had that been the case, the EPF should know better as pension funds handling public money are considered long-term investors and not short-term traders.

The EPF is believed to have bought these JKH shares at Rs.170 levels. The All Share Price Index has fallen 8.3 percent so far this year as foreign investors, unnerved by the global concerns over China’s economy, have cut their exposure. Foreign investors, who have been net sellers of Rs.2.28 billion worth of equities so far this year, were the net buyers of Rs.3.79 million worth of shares yesterday. The Central Bank, as expected, kept its key policy interest rates unchanged after market hours on Monday, saying the effects of previous adjustments were still trickling down into the economy and expected private sector credit growth to decelerate slowly. -

seek wrote:http://www.dailymirror.lk/104333/selling-at-jkh-epf-suspected

Brokers said the EPF may be selling JKH shares in a lacklustre market to buy back a share parcel at a more attractive price later. However, analysts pointed out, had that been the case, the EPF should know better as pension funds handling public money are considered long-term investors and not short-term traders.

The EPF is believed to have bought these JKH shares at Rs.170 levels. The All Share Price Index has fallen 8.3 percent so far this year as foreign investors, unnerved by the global concerns over China’s economy, have cut their exposure. Foreign investors, who have been net sellers of Rs.2.28 billion worth of equities so far this year, were the net buyers of Rs.3.79 million worth of shares yesterday. The Central Bank, as expected, kept its key policy interest rates unchanged after market hours on Monday, saying the effects of previous adjustments were still trickling down into the economy and expected private sector credit growth to decelerate slowly. -

Curious to know who is the buyer. EPF bought for 170/= and selling at 150/= meaning there is a possibility of some deal. Why should EPF sell JKH which is a fundamental share at a loss? Who instructed to sell JKH at 150/=? Ravi K or Arjun M?

Future123 wrote:

seek wrote:http://www.dailymirror.lk/104333/selling-at-jkh-epf-suspected

Brokers said the EPF may be selling JKH shares in a lacklustre market to buy back a share parcel at a more attractive price later. However, analysts pointed out, had that been the case, the EPF should know better as pension funds handling public money are considered long-term investors and not short-term traders.

The EPF is believed to have bought these JKH shares at Rs.170 levels. The All Share Price Index has fallen 8.3 percent so far this year as foreign investors, unnerved by the global concerns over China’s economy, have cut their exposure. Foreign investors, who have been net sellers of Rs.2.28 billion worth of equities so far this year, were the net buyers of Rs.3.79 million worth of shares yesterday. The Central Bank, as expected, kept its key policy interest rates unchanged after market hours on Monday, saying the effects of previous adjustments were still trickling down into the economy and expected private sector credit growth to decelerate slowly. -

Curious to know who is the buyer. EPF bought for 170/= and selling at 150/= meaning there is a possibility of some deal. Why should EPF sell JKH which is a fundamental share at a loss? Who instructed to sell JKH at 150/=? Ravi K or Arjun M?

now EPF buying low price 150-155 if sell stop jkh wil up 165 level