Business

Outflows continue with Rs. 11 b in first two weeks

Sri Lanka’s equity and bond markets have seen a foreign outflow of Rs. 11.16 billion in the first two weeks of 2019, latest reports show.

The Colombo Stock Exchange (CSE) has suffered a net foreign outflow of Rs. 0.86 billion from 31 December, 2018 to 11 January, 2019.

The stock market has seen foreign purchases of Rs. 2.1 billion during this period while stocks worth Rs. 2.96 million were sold by foreigners.

The Central Bank of Sri Lanka (CBSL) data showed that the bond market saw an outflow of around Rs. 10.3 billion during this period, with the treasury bills and bonds held by foreigners coming down from Rs. 164.5 billion on 28 December (Friday) to Rs. 154.2 billion on 11 January.

Meanwhile, the rupee ended at around 183.84 per dollar on Friday (11), according to the CBSL.