Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Sri Lanka stocks turnover plunged ahead of trade union actions

Stock MarketFeb 28, 2023
Sri Lanka stocks turnover plunged ahead of trade union actions

The ASPI fell marginally on the last date of February, but it is up by 3.6% for the month and 8.1% for YTD. The turnover was disappointing as the average monthly turnover was LKR 1.87Bn in Feb and 1.86Bn in January. But foreign inflow was LKR 2.85Bn during the month.

Still, the country is in unknown territory in terms of economic recovery, the IMF bailout package, and the declared election. Trade unions are threatening to declare indefinite actions against the tax increases. All will add further uncertainty at a time when the economy is underperforming.

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