Inflation ( CCPI)-2.1% (Nov 2024)
GDP4.7% (2Q 2024)
Unemployment4.5% (1Q 2024)
3M T-Bill Rate8.73%
12M T-Bill Rate9.08%
2Y T-Bond Rate9.40%/ 9.50%
4Y T-Bond Rate10.55% / 10.65%
USD/LKR290/291
Reserves $6.46Bn (Nov 2024)
Cum. Trade Deficit $4,762 Mn (Oct 2024 cumulative)
Cum. Fiscal DeficitLKR 970Bn (Sep 2024 cumulative)

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.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.