Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Stocks are crumbling as the uncertainty of the near-term economic output increase

Stock MarketOct 25, 2022
Stocks are crumbling as the uncertainty of the near-term economic output increase

The ASPI fell for the third consecutive trading day by 1.95% while turnover was marginally above LKR 2Bn higher than last week’s average daily turnover of LKR 1.6Bn. Average daily turnover is down to just LKR 2.3Bn so far in October, where it was LKR 4.3Bn in September. But foreign net inflows are growing at a healthy rate as it reached LKR 17.2Bn YTD vs LKR 52.6Bn last year.

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