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)

Sri Lanka Stocks recorded over 25% return for the year 2023 over -30% previous year

Stock MarketDec 31, 2023
Sri Lanka Stocks recorded over 25% return for the year 2023 over -30% previous year

ASPI reached to 10,500+ at the end of 2023 from 8,500+ at the end of last year resulting little over 25% returned on the index. Index struggled to keep the elevation after it reached to the peak for the year in July. Debt restructuring, upward adjustments in taxes along with growing political uncertainty continue to downplay the positive developments.

Turnover was sluggish specially after September. Average daily turnover was LKR 1.9Bn till September and it was just LKR 1Bn thereafter. Average daily turnover was LKR 3Bn in 2022

Foreign net inflows hit it’s highest in fist week of August to LKR 6.6Bn and at the end of the year it fell back to LKR 4.4Bn. Country experienced LKR 30.6Bn foreign net inflow in 2022, it was net outflow of LKR 52.6Bn in 2021.

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.