Share prices of all major banks have fallen during the first half of October 2023. Even at this level the Banking Sector is highly inflated when considering the deep recession that Sri Lanka is experiencing. When the 2nd quarter results are out, the sector will crash beyond recognition. Investors are desperately trying to sell and exit, without triggering a major meltdown.
Banking Sector share values based on Net Asset Value (Adjusted) as given below indicate that shares are still highly inflated.
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