To check this claim, FactCheck consulted data from the Colombo Stock Exchange Quarterly Report and the Securities and Exchange Commission of Sri Lanka Annual Report.
LKR 104 billion is recorded as the total sales value (outflow) of foreign owned stocks in the Colombo stock exchange from January 2020 to December 2020.
LKR 53 billion is recorded as the total purchase value (inflow) of stocks by foreigners in the same period.
Exhibit 1: Cumulative Net Foreign Inflows into CSE from Jan 2020 to Dec 2020 (LKR Bns)
LKR 51 billion (to be precise, LKR 51,355,712,983) is the difference between the above recorded sales and purchases – which is the net outflow of foreign investment from Sri Lanka’s stock exchange, as referred to by MP Eran Wickramaratne.Therefore, we classify the MP’s statement as TRUE
*FactCheck’s verdict is based on the most recent information that is publicly accessible. As with every fact check, if new information becomes available, FactCheck will revisit the assessment
FactCheck is a platform run by Verité Research.
For comments, suggestions and feedback, please visit www.factcheck.lk.