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)

Stocks fell by little over 3% during the week as uncertainty delaying over IMF 2nd tranche

Stock MarketOct 8, 2023
Stocks fell by little over 3% during the week as uncertainty delaying over IMF 2nd tranche

Investor sentiment on the near-term recovery of economic activities is yet to bounce back as delaying IMF 2nd tranche and uncertainty over building up more taxes in the upcoming budget. The average turnover was further slipped to LKR 739Mn from LKR 962Mn of the previous week.

However, net foreign inflows improved by LKR 35Mn, slightly up from the end of the last month. CBSL cut the interest rates to boost the economy, but the stock market is yet to response favorably.

Disclaimer

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.