The rate hike of 0.50 by CBSL yesterday had a initial negative effect on the mkt as it was down 101 points (0.75%) and the more liquid S&P SL20 down 13.46 or 0.29% due to some nervous selling by the short term traders and some nervous investers who are waiting for that crash that has been predicted by some analysts since the market crossed the 7000 mark .
Earnings season round the corner and with the anticipation of splendid financial performance ACL has already moved up RCL TYRE ,EXPO,BIL,and many of the other favorites are consolidating for a breakout with a little increase in focus of tourism related stocks seeing some investor optimism .
