Sri Lanka’s Stock Exchange crosses Rs. 6 billion year-to-date in net foreign buying

Sri Lanka’s Stock Exchange crosses Rs. 6 billion year-to-date in net foreign buying

Net foreign buying at the Colombo Stock Exchange (CSE) in Sri Lanka has reportedly crossed Rs. 6 billion year-to-date as of last Friday (23).
According to reports, it is a reinforcement of the continued bullish sentiments by non-nationals.
As of Friday, net foreign inflow amounted to Rs. 6.4 billion, reports state.
The Rs. 6 billion mark was surpassed less than a month after the Rs. 4 billion threshold was crossed in late January.
Last year net foreign inflow reached a record Rs. 40 billion, inclusive of an all-time high inflow of Rs. 22.4 billion to the primary market, reports further noted.

OSL take:

The continuous achievements of Sri Lanka’s stock exchange indicate stability and the level of confidence of the business community in the market. The CSE is also in line to be demutualized like the leading stock markets in the world. Given the current performance of the CSE, investors could explore the investment opportunities currently available in Sri Lanka stock market.

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Article Code : VBS/AT/20180227/Z_1

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