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%
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.


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.