The 10% pullback up to mid last week and the excellent results from the December quarter and the expectation of dividend season with Dialog announcing a fantastic RS 1.24 dividend pushing it’s yield for the year far beyond the existing deposit rates in either government securities (Treasury Bills & Bonds) or Bank deposits or NBFIs (Finance companies) have made the valuations of the current market more attractive that what it was a month ago The ASPI gained another 252 points or 2.07% while The S&P SL 20 gaining 104 points or 2.54% amidst a slightly encouraging 2.9 billion turnover that indicates that the unwinding of the excessive broker credit has most likely ended or reduced and fresh unutilized limits are being cautiously coming back to the market . As indicated on Friday The 1st of many research recomendations expected out of the more accurate Research units of brokerages happened on Friday pre market opening with a webinar on Expo with buy recomendations on the discount by Lanka Securities and more buy recomendations on other counters like Tile Plantations, Cable and Export companies from many of the other leading research units of brokerages are due in the coming weeks . Market is expected to react positively on the value counter and consolidate further from the recent lows and head towards a higher close this week
