Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

SEC under heavy criticism over shutting down the CSE from 18th to 22nd

Stock MarketApr 17, 2022
SEC under heavy criticism over shutting down the CSE from 18th to 22nd
Sri Lanka Securities and Exchange Commission has decided to declare holidays for Colombo Stock Exchange from 18th to 22nd April. This is the second time since 20th March 2020 (where the country was closed due to COVID19), the CSE has been closed for the considerable time period. Ceylon Chamber of Commerce believes this decision is not a good practice of an open economy as it prevents a set of investors from exiting the market at the time and price of their choice, another group of investors is prevented from acquiring shares at the time and price of their choice.

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.