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GDP growth in 1Q reaches 5.5%- Corporate earnings gain 16 % in 1Q FY 2016
http://www.ft.lk/article/548779/GDP-grows-by-5-5--in-1Q--rate-doubles-from-4Q-of-2015
http://www.lankabusinessonline.com/sri-lanka-gdp-expands-5-5-pct-in-first-quarter-2016/
From now onward, a gradual recovery from BoP issue can be expected. US$ holders might start converting to rupees. some signs of exporters converting into rupees is already seen in last few days
With the earning growth of listed firms, CSE could be more attractively valued than the last quarters. HSBC upgrading Sri Lankan equities seems validated with the above developments.
http://www.ft.lk/article/546546/HSBC-upgrades-Sri-Lanka-equities-to-positive-from-negative