Sri Lanka

Sri Lanka: Stock market to re-open on 11 May, 7 weeks after shutting

  • A rally of 14% in regional peers and 15% in global indices post-20 March shut-down suggests an orderly re-opening likely

  • Regional peers and global benchmarks are down c20% ytd; before closure CSE All was down 27% and MSCI Lanka was down 34%

  • Shutown likely leaves a bitter taste for foreigners but they have forgiven lengthy ad hoc disruptions elsewhere

https://cdn.tellimer.com/providers/tellimer-avatarpng.png
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

Research ratings explanation and full Tellimer disclaimers

This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.