Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

SL Stocks are at crash landing while Asian stocks too fell

Stock MarketOct 11, 2022
SL Stocks are at crash landing while Asian stocks too fell

The geopolitical worries surrounding the Russia-Ukraine war, Global recession fear and the sign of fresh COVID outbreaks in China weigh the negative sentiment of the Asian Stock market. SL stocks extended their free fall for the third day wiping out LKR 604Bn from the peak.

Meantime foreigners are net buyers of LKR 828Mn for the day where the ASPI fell by 3.37% with little over LKR 3Bn turnover.

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