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)

Sri Lanka equity debounced strongly while foreigners continue to buy stocks

Stock MarketMar 3, 2022
Sri Lanka equity debounced strongly while foreigners continue to buy stocks

Sri Lanka stocks experience massive correction where ASPI fell by 11%, which wiped out LKR 549Bn value from the market. But the last two days of Feb were impressive, which push back the recovery by 8.5%, ending the YTD growth negative 5.3%.

Interestingly foreigners have been net buyers continuously for the first time in the last several years. Last two weeks foreigners were net buyers of LKR 239Mn. The daily turnover that fell towards LKR 2Bn has improved back to LKR 4Bn.

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