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%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka stock market is expected to response to the IMF second tranche delay on Monday

Stock MarketOct 1, 2023
Sri Lanka stock market is expected to response to the IMF second tranche delay on Monday

Sri Lanka stocks ended the 3rd quarter as the best quarter for this year. Index up by 20% during this quarter against 9%, 2% in previous quarters 1st & 2nd. Daily average turnover picked up to LKR 2.8Bn against LKR 1.9Bn, and LKR 1.0Bn in previous quarters. But interestingly the majority of the gains were generated in July.

Sri Lanka secured the IMF USD 3Bn bail-out package on 20th March 2023 and started restructuring domestic debt in July. It managed to complete the domestic debt restructuring by the 21st of September 2023. But IMF delayed offering the second tranche of the loan on 27th September.


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.