MARKET OPEN: All eyes on lockdown easing announcement

Mon, 11 May 2020

Domestic markets will likely trade sideways as investors wait to hear if lockdown restrictions will be eased further. Cabinet is due to decide today whether the country moves from alert level 3 to alert level 2, which would essentially normalise most activity with restrictions continuing on crowd size and social distancing. Given the country has only seen a handful of new cases in recent weeks and more than 90 percent of total cases have recovered, the move seems likely. Stocks that have been hard hit by the restrictions, such as SkyCi...

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