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 are up for the seventh consecutive day, despite foreign net outflow

Stock MarketFeb 8, 2024
Sri Lanka stocks are up for the seventh consecutive day, despite foreign net outflow

The Sri Lankan stock market has experienced a notable turnaround, with a 7-day consecutive increase resulting in a 2.4% rise. This follows a 12-day decline that led to a 4.63% decrease in the index. Notably, the turnover surpassed LKR 1 billion, significantly higher than January's average daily turnover of LKR 715 million.

Despite the positive momentum in the index, there has been a continued net foreign outflow, totalling LKR 2.8 billion year-to-date.

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.