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
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