Shrinking speculative bubble could revive bull run: NDB Stockbrokers

We took an extremely positive view on the Sri Lankan stock market initially in April 2009 prior to the ending of the war in our report “Post war Sri Lanka – Where to invest?” when the ASPI was 1,750. We maintained our positive view in our subsequent reviews in September 2009 (in the report “About to take off” when the ASPI was 2,700) and March 2010 (in the report “Rising star in frontier markets” when the ASPI was 3,800).