Thu, 27 Jan 2022 Today's Paper

MP Eran Wickramaratne correctly flags foreign outflow from stocks

25 February 2021 12:00 am - 1     - {{hitsCtrl.values.hits}}

A A A

 

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.   

 

 

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.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 1

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.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  • Faizan ozman Sunday, 07 March 2021 11:28 PM

    Ex Minister can you show how much the previous government loss from the Central Bank Bond Scam.


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




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.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.