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 stocks up for third consecutive day while boosting daily turnover above LKR 1Bn.

Stock MarketJul 19, 2022
Sri Lanka stocks up for third consecutive day while boosting daily turnover above LKR 1Bn.

Sri Lanka ASPI is up by 4.39% in the last three days with expected political stability to ease off the current social unrest in the country. The daily value turnover was above LKR 1Bn for each of the last three days, whereas it was the rest of the days in July the daily average was less than the LKR 1Bn. Net foreign inflow to the stock market continues to gain momentum.

Foreign net outflow from the Colombo Stock exchange now has reduced to LKR 802Mn, whereas it was LKR 52.6Bn in 2021.

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.