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)

Foreigners have brought net of LKR 655Mn worth of Stocks during March

Stock MarketMar 27, 2022
Foreigners have brought net of LKR 655Mn worth of Stocks during March

ASPI is still struggling to show-case a permanent recovery from the mid-January collapse of the stock index. Market eroded by LKR 1.4Bn from the peak of the ASPI while average daily turnover plunged to LKR 1.8Bn last week from LKR 8.6Bn in January. Today turnover was the lowest for this year. Interestingly foreigners have been net buyers in March amounted to LKR 655Mn.

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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.