YORK STREET TIMES KERBSIDE CHAT

YORK STREET TIMES KERBSIDE CHAT

CSE ASPI index closed up 43 points with the more liquid S&P SL20 closed down 21points on a healthy turnover of 7.7 billion. Current uncertain environment where we hear of sensational words like “Dollar crisis” “inflation” , “devaluation” “ISB default” are making the people nervous especially on investment area . The trend is to shift fund into assets that tend to hedge against all above terms . So ideally one must shift away from low yielding deposits to Gold, Hard currency, real estate , and equities that also give safety to your money . Therefore shifting in to Dollarised income generating companies are the hot favourites and the service sector amongst them are less import dependant and better during this period of uncertainty. Expo is such a company together with other manufacturing sector exports . Tourism if the possitive trend continues is also becoming a good sector that will not require Dollarised inputs. Renewable energy sector is also a good investment as there is no major increase in input costs and therefore makes a safe investment. Overall the market is bullish on the plantation sector too due to the Rubber and Palm oil prices and tea also slowly seeing interest as it’s an export crop especially with the reversal of some of the furtilizer restrictions. Overall market should continue the uptrend after overcoming the pullback seen since Monday.