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Stocks, bonds bleed Rs. 17.5 b in first 2 months

08 Mar 2020

Sri Lanka’s equity and bond markets have seen a net foreign outflow of over Rs. 17.5 billion during the first two months of this year, latest data shows. The Colombo Stock Exchange (CSE) has seen a net foreign outflow of Rs. 4 billion within this two month period. In January, foreign purchases amounted to Rs. 27.2 billion but sold stocks worth Rs. 30 billion. Net foreign outflow for the month of January was Rs. 2.97 billion. In February foreign sales were recorded as Rs. 2.9 billion while purchases reported at Rs. 1.84 billion, bringing the total net foreign outflow for the month to Rs. 1.08 billion. The Central Bank of Sri Lanka (CBSL) data showed that the bond market has seen an outflow of around Rs. 13 billion during this two month period with government securities held by foreigners coming down from Rs. 104.6 billion on 27 December to Rs. 91.2 billion on 28 February. The Sri Lankan rupee witnessed depreciation by 0.16% as it increased to 181.8071 on 28 February from 181.5011 on 1 January, this year.


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