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» සදහම් අටුවාව
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyToday at 1:24 pm by Ethical Trader

» Easter Sunday Attack and Sri Lanka
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyToday at 12:45 pm by ruwan326

» අනං මනං! #/+?.<>
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyYesterday at 6:10 pm by ruwan326

» My Port Folio Bleeding But Its just the Begining Of..
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySat May 18, 2019 7:40 pm by serene

» Thread for News on CSE and SL Economy
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySat May 18, 2019 1:49 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri May 17, 2019 9:54 pm by dhanurrox

» Re: Financial reports Q1-2019
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri May 17, 2019 7:53 pm by dhanurrox

» Sri Lanka mulls 25-pct ownership limit in finance companies
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri May 17, 2019 2:43 pm by Backstage

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu May 16, 2019 8:00 pm by hammurabi

» Dividend Announcement
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed May 15, 2019 6:42 pm by Rana

» Israeli spyware breached WhatsApp security
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri May 10, 2019 7:15 pm by Backstage

» NEST.N0000
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu May 09, 2019 7:54 pm by ruwan326

» What to Analyse
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu May 09, 2019 5:53 pm by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon May 06, 2019 1:50 pm by Backstage

» සුබ පාස්කූ මංගල්ලයක් වේවා !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun May 05, 2019 6:51 pm by Backstage

» In the Meantime, Within Our Shores !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu May 02, 2019 11:27 am by Ethical Trader

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed May 01, 2019 3:49 am by Ethical Trader

» Thread for News on Local and Foreign Politics
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 26, 2019 8:18 am by කිත්සිරි ද සිල්වා

» how to access internet ?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 26, 2019 7:55 am by කිත්සිරි ද සිල්වා

» SERV - The Kingsbury
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Apr 22, 2019 12:38 pm by ruwan326

» Happy Birthday
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Apr 21, 2019 8:13 pm by Rana

» Little Known Facts !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Apr 21, 2019 9:27 am by කිත්සිරි ද සිල්වා

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» Micro Finance
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Apr 05, 2019 7:40 am by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Apr 02, 2019 11:11 am by Backstage

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Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009

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Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 Empty Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009

Post by Backstage on Wed May 08, 2019 10:56 am


Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009

8 May 2019

Says its holdings getting marginally affected following attacks; shows market’s already low expectations
Opines Easter Sunday attacks significantly increase likelihood of former President Rajapaksa’s party coming back to power


The Sweden-based global asset management company, Tundra Fonder’s Tundra Sustainable Frontier Fund in its April update said the Colombo bourse has hit its lowest levels since the end of 2009, following the Easter Sunday attacks that killed over 250 people, among them 42 tourists.


“The stock market has been in a steady downward trend under the current government. Internal wear and tear has created paralysis of action, and both the business society and investors in the equity market have been requesting change.


The equity market is now at the lowest levels since the end of 2009, calculated in US$,” Tundra Sustainable Frontier Fund’s April update said.


The fund has 12 percent of its assets invested in Sri Lankan stocks, which they said were marginally affected by the terrifying attacks that occurred on April 21.


“…the fund’s holdings in Sri Lanka (12 percent of assets) were only marginally affected by the terrifying terrorist attacks that occurred in Colombo on April 21st, which says a lot about the market’s already low expectations.”


The fund said eventhough the attacks occurred after the peak seasons, there is a risk of significant fall in tourist arrivals.


“That being said, it should be added that this type of event should be seen as uncommon in Sri Lanka as it was in Paris, Marseille or Stockholm. There is no traditional breeding ground for religiously motivated terrorism in the country.

The civil war that ended in 2009 had a completely different background.


“Sri Lanka is often used as an example of a country with great tolerance for different religions, and although confrontations have arisen between mainly Buddhists and Muslims, one must conclude that the shock from the events is as significant as when it occurred in Sweden,” the fund said.


Meanwhile, the fund noted that the April 21 attacks significantly increased the likelihood of former President Mahinda Rajapaksa’s party coming back to power.


“What occurred on April 21st significantly increased the likelihood of former President Rajapaksa’s party coming back to power.


“Given the still very tough discussions between the Opposition and the incumbent government after the attacks, we would not be surprised if the elections are brought forward. We think this would be very positive for the equity market.”


Sri Lanka’s presidential election is scheduled somewhere between the end of 2019 until the beginning of 2020 and parliamentary elections in 2020.
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Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 Empty Re: Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009

Post by serene on Wed May 08, 2019 5:43 pm

Thanks Backs for Some Positives amids Chaos.

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