Weekly Financial Broadcast - NatWealth 5th August 2015

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Weekly Financial Broadcast - NatWealth 5th August 2015 Empty Weekly Financial Broadcast - NatWealth 5th August 2015

Post  Melissa Pereira on Fri Aug 07, 2015 10:19 am

 Sri Lanka records deflation for the first time since March 1995, mainly due to the high base which prevailed in July 2014. However core inflation which is a depiction of long term price levels rose to 3.5% from 2.8% the previous month.

 Expectation for political stability subsequent to parliamentary elections and higher corporate earnings for the second quarter in 2015 gives a boost to the main stock index which ended at 7,366.31 points on Wednesday, highest in six months.

 The incremental trend in T – Bill yields continued for the 4th week in a row. As such T – bill auction held on 5th of August witnessed the 182 Days and 364 Days T-bill escalate by 7 and 6 basis points respectively.

 Lankan currency was depreciated by 25 cents to the USD. Market rumors suggest that potential exit of foreign investors could have been the key trigger to the following decision.

Please refer the link for more details- https://drive.google.com/file/d/0B6oYIOgoj7LDLWJrczVhRXcwRjA/view?usp=sharing

Melissa Pereira

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