Net foreign inflows to Colombo bourse tops Rs.28bn

29 August 2017 12:20 am - 0     - {{hitsCtrl.values.hits}}

A A A

Net foreign inflows to the Colombo bourse topped Rs.28 billion yesterday—the only silver lining in the otherwise gloomy market hindered by higher interest rates, a debt-ridden economy, natural disasters and political volatilities stemming from a coalition government.


The only other time the net foreign inflows hit the Rs.28 billion mark was in 2012, after a bull run that made many local investors to burn their fingers and lose their life savings.


The foreigners yesterday net bought stocks worth of Rs.42 million and their participation in terms of yesterday’s market turnover of Rs.210.2 million was 14.5 percent. The market turnover was well below this year’s daily average turnover of Rs.859.2 million. 


Asia Securities said the low turnover was a result of tepid investor participation.


Sri Lanka’s top pension fund has significantly cut down its activities in the Colombo bourse due to various alleged irregular practices by some of its fund managers.


Meanwhile, the benchmark index, All Share Price Index (ASPI), closed yesterday at 6,412.37 points, gaining three points. 

 

The blue-chip index, S&P SL20, increased by 3.60 points or 0.1 percent to close at 3,694.17.
According to SC Securities, the year-to-date ASPI performance stood at +3.0 percent, while the year-to-date blue-chip index increased by 5.7 percent.


The new Inland Revenue Bill, which is yet to be presented to parliament, will not tax gains from stock sales, as previously planned, Finance State Minister Eran Wickramaratne last week said.  

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.