Sri Lanka ASPI was up by 17.2% last month which was just 5.3% in the month of July. The ASPI fell by 26% by the end of Aug from 31st Dec 2021, mostly recovered in Aug. Along with SL, several other Asian frontier markets witnessed a strong rebound.
“Pakistan, Sri Lanka, Kazakhstan, and Vietnam were among the top 10 performing markets globally in August as domestic investors in these markets took advantage of extremely attractive valuations” Thomas Hugger, Asia Frontier Capital.