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 down foreign net outflow excessed LKR 3Bn

Stock MarketFeb 14, 2024
Stocks down foreign net outflow excessed LKR 3Bn

Today, the All Share Price Index (ASPI) saw a decline of 0.24%, attributed to reduced investor interest, resulting in a turnover below LKR 1 billion once more. Despite notable decreases in domestic interest rates, including a 4.5% decline for short-term T-Bills and over 2% for long-term bonds this year, the week began with subdued turnover.

Throughout the year, there has been a persistent foreign net outflow, totaling LKR 3 billion, with each day in 2024 marked by outflows. This suggests ongoing challenges in the domestic market, potentially influenced by broader economic factors and investor sentiment.

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.