Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Equity Market valuations turned to be very attractive after recent sell-off

Global IndexesOct 17, 2019
Equity Market valuations turned to be very attractive after recent sell-off
Due to trade and geopolitical reasons sell-off took place across emerging markets and frontier equity markets. Sri Lanka stock market experienced the same where the foreign outflow continues (YTD LKR 3.5Bn) this week as well. But many Asian frontier economies expected to post better GDP growth rates than other regions and have made equity valuations very attractive.

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