Inflation ( CCPI)-0.5% (Sep 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.32%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.37%/ 10.45%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR292/293
Reserves $5.99Bn (Sep 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 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.

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.