All Share Price Index up by 2.67 % | Daily News

All Share Price Index up by 2.67 %

The All Share Price Index(ASPI) increased by 2.67 percent to 5515.8 points by July 5, 2019 and the S&PSL20 Index increased by 3.92 percent to 2594.4 points, compared to the previous week.

Given the cross currency exchange rate movements, the Sri Lanka rupee appreciated against the pound sterling (4.7percent), Japanese yen (1.3percent), the euro(5.2percent)and the Indian rupee (1.7percent) during this period. The total outstanding market liquidity was a surplus of Rs.41.64bn by end of the week, compared to a surplus of Rs.44.73 bn by the end of last week.

The reserve money increased compared to the previous week mainly due to the increase in currency in circulation and deposits held by the commercial banks .

Weekly AWPR for the week ending July 5, 2019 decreased by 39 bps to 11.13% compared to the previous week. During the first five months of 2019, domestic tea production reported a decline mainly due to the effect of low auction prices and trade union action.

During the first four months of 2019, government revenue as a percentage of estimated GDP declined to 3.8 per cent from 4.3 per cent recorded in the corresponding period of 2018.During the same period, total expenditure and net lending as a percentage of estimated GDP increased to 6.2 per cent from 6.0 per cent recorded in the corresponding period of 2018.In financing the budget deficit, domestic financing increased to 2.4 per cent of estimated GDP compared to 1.7 per cent in the corresponding period in 2018 while foreign financing recorded a net repayment of 0.1 per cent of estimated GDP compared to 0.1 per cent net borrowings recorded in the corresponding period of 2018.In nominal terms, outstanding central government debt increased to Rs. 12,118.7 billion by end April 2019 from Rs. 11,977.5 billion at end 2018.

Total outstanding domestic debt increased by 3.2 per cent to Rs. 6,210.0 billion, and the rupee value of total outstanding foreign debt declined by 0.9 per cent to Rs. 5,908.7 billion by end April 2019.

The overall budget deficit as a percentage of estimated GDP increased to 2.3 per cent from 1.7 per cent recorded in the corresponding period of the previous year.


 

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