- Foreign inflows tops Rs 28 Bn
- This is the 2nd time in history the hurdle of Rs 28 Bn mark has surpassed
Colombo stock market reported that Net foreign inflows to
the island nation have crossed the Rs. 28 billion mark year to date,
reinforcing strong growing confidence by non-nationals and further boosting
investor confidence.
It was the second time in the history of CSE that the Rs.
28-billion mark was surpassed. The first time was in 2012. The record net
inflows so far this year is a phenomenal achievement considering the fact that
last year the figure was only Rs. 400 million whilst in 2015 there was a net
outflow of Rs. 5.4 billion.
The surpassing of the Rs. 28-billion mark too was within
three months since as of 9 June the year to date inflow was Rs. 20.3 billion.
Total year to date net foreign inflow for both the primary and secondary market
amounted to Rs. 40.6 billion, as against Rs. 2.2 billion last year, and an
outflow of Rs. 5.4 billion in 2015 and a net inflow of Rs. 21.7 billion in
2014.
The all time high net foreign inflow is Rs. 38.6 billion
achieved in the Bull-run 2012. Capital market analysts opined sustained foreign
craving for listed Lankan equities continue to expose the fickle ‘wait and see’
attitude and relatively low confidence on the part of locals.
However, some analysts have been heartened by a renewal in
local interest following the decision by the Finance Ministry not to impose
additional taxation on share trading though foreign optimism far outweighs that
of Lankans. Turnover however hit a five and half month low of Rs. 210 million
yesterday.
No comments:
Post a Comment