SL Equity Guide BLOG

After the emergence of the third wave of Covid 19 the CSE ASPI has fallen from 7,644 points on 15th April 2021 to 7,240 points on 28th April 2021. This is 5,3% decline overall due to panic selling over another country lock down. But as I repeated over and over in my you tube channel "SL Equity Guide" the Government won't go for such a lockdown since its economic impact is severe to the country. Now the government has openly communicated that they are not going to another lock down and as a result the market is beginning to bounce back recovering the losses caused by earlier panic selling. Here I have produced a comparison of prices of 26 shares between the price they trade on 15th April and the price on 28th April. These shares are due to report good quarterly financial statements and I can see good short term upside potential as well. Here is the list.   

Today ASPI recovered to 7,310 showing signs of moving back towards 7.500 level. There are plenty of stocks currently trading at more than 10% price discount to their values previously when the ASPI hit 7,500 levels. These shares may have the potential to move back to those values faster in case ASPI reach 7.500 levels in near future. Further there are some stocks now surpass the prices prevailed when ASPI was @ 7,500 due to fundamental reasons and the most commonly attributable reason is expected good earnings reports for Q1 2021. These shares have the potential to reach closer to their high prices reached during January peak hence it will be beneficial to keep an eye on these shares. Below given are the snapshot of those shares for your easy reference. Thanks