Inflation ( CCPI)3.4% (Nov 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate14.86%
12M T-Bill Rate12.89%
2Y T-Bond Rate14.35%/ 14.50%
4Y T-Bond Rate14.35% / 14.45%
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

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.


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.