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 shares fall further as uncertainty of DDR weighting other sectors

Stock MarketMay 19, 2023
Sri Lanka shares fall further as uncertainty of DDR weighting other sectors

Sri Lanka CSE is experiencing a very weak daily turnover, which is down to just LKR 694 Mn, down from 964 Mn of the previous month and also down compared with 1,553 Mn of YTD. Index has fallen once again, as many believe is due to uncertainty over DDR/DDO.

The detail of DDR was expected to be announced at the end of April as per the previous target and it was later delayed to mid of May. The complexity of the DDR/DDO of Sri Lanka may have been the reason for postponing the plan.

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