Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Stock market is holding back sharp appreciation since August

Stock MarketSep 24, 2023
Stock market is holding back sharp appreciation since August

ASPI climbed heights for the year in the first week of August generating close to 37% appreciation for the year. Since then it has been held back for the last seven weeks as the earnings have slowed down and the economy is yet to bounce back.

Turnover is just around LKR 1Bn, very much lower than the average daily turnover of LKR 3.3Bn. Recorded net foreign outflow of LKR 151Mn.

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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.