Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Sri Lanka CSE is preparing for hand landing

Global IndexesMay 1, 2020
Sri Lanka CSE is preparing for hand landing
Sri Lanka stock market has been closed since 20th March after imposed curfew for the whole Island to combat COVID19. Other than Sri Lanka & Bangladesh Asian stock markets are active and they have found the bottom and bounced back from mid-April. Many in the industry believe ASPI face significant correction after it starts trading again. Meanwhile, SEC has taken into consideration the prevailing market conditions and amend the current methodology pertaining to Index-Based Circuit Breakers by introducing a Three Tiered Circuit Breaker structure which is to be attached to the S&P SL20 Index. As per the SEC, Accordingly, Three Tiered Circuit Breaker structure is introduced in order to strengthen the capital market and ensure that precautionary measures are in place to eradicate distortion in the S&P SL20 Index by providing a layered approach.

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