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» LIOC.N0000 (Lanka IOC PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyToday at 1:02 pm by LSE

» Thread for News on CSE and SL Economy
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jan 24, 2020 10:08 am by lanka

» Gota's Era
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jan 24, 2020 9:33 am by yellow knife

» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySun Jan 12, 2020 9:16 pm by lanka

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 08, 2020 10:39 pm by The Invisible

» AEL Access Engineering
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» Tourism Sector
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Dividend Announcement
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 01, 2020 1:16 pm by smallville

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009 EmptyTue Dec 10, 2019 5:23 pm 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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