Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka stock market turnover shrinks, records lowest turnover for this year

Stock MarketMar 27, 2023
Sri Lanka stock market turnover shrinks, records lowest turnover for this year
This story is available exclusively to subscribers. Become an member and start reading now.

Sri Lanka ASPI fell by 1.42% and more liquid S&P SL 20 fell by 1.74% today hitting a turnover of just LKR 871Mn, which is the lowest for 2023 so far. Fear of domestic debt restructuring is weighing on the banking sector which creates a negative sentiment.

Net foreign investment hit LKR 4Bn a couple of weeks back, but now it is down to LKR 3.2Bn. ASPI is up by just 1.1% for this month, but the index is still up by 9.1% YTD.


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.