sri lanka print trillion of rs in last 6 month. High inflation. Definitely we are expecting some interest rate hike (that also impact CSE). But that also not enough to control the inflation.
For foreign/Local investor expecting more sales in coming week following reason:
1. Dollar exchange rate will be crash further ( rumors going on banking sector 500rs per dollar)
2. Fed may increase interest rate further.
3. Sri lankan ruppe depreciated/crash than stock return , so may going to safe haven investment like gold , realestate.
4. many retail investor sell due to high inflation.
5. there is poltical and economy unstable. so not able to attract new investors also.
6. If country is in crisis, most of sector will be crash further. So not a good options to invest. Some body argue LOLC, EXPO has diversify portfolio. but they also not exception for this scenario. especially fuel price hike directly impact the EXPO.
Safeguard your money guys in this crash !!! hope everthing will be alright !!