Colombo Equities: How Much More Upside?

BMI View: Sri Lankan equities have emerged as global outperformers thanks to the end of the civil war and a more insulated economy, but they are due a breather after such steep gains. The main downside risk stems from punitive actions by the US and EU over the government's handling of the final phase of the war earlier this year, although the CSE should remain well supported.

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