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» "පියසේනට දැං සනීපයි..."
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyToday at 10:47 am by Yin-Yang

» Dividend Announcement
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyToday at 10:19 am by කිත්සිරි ද සිල්වා

» What's going to happen
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyToday at 6:26 am by serene

» Thread for News on CSE and SL Economy
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyYesterday at 8:22 pm by ruwan326

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyYesterday at 11:50 am by serene

» CFVF - First Capital
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyYesterday at 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

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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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