Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» SFIN.N will be the next bull run
by samansilva Today at 12:45 pm

» RCL.N0000 - Trading at a discounted prcice.
by samansilva Today at 12:41 pm

» lOFC definitely will hit 6/-
by Yahapalanaya Today at 12:10 pm

» CSE BULLISH MODE TO CONTINUE
by Yahapalanaya Today at 12:07 pm

» Next super star SINGER FINANCE..
by samansilva Today at 11:19 am

» Why AAIC Should trade above RS.50/-
by wisdom79 Today at 8:45 am

» LOFC -XR big transaction
by Promoney Yesterday at 11:33 am

» LLUB Pattern reversed. Good buy @60, target +20%
by KOLAA Yesterday at 10:02 am

» Momentum will begin after 5400
by prabath Yesterday at 9:42 am

» WATA future looks good
by Teller Yesterday at 5:06 am

» Look APLA its trending to 98LKR
by Teller Yesterday at 5:04 am

» RICH is not bad @ 9/-
by Teller Yesterday at 5:03 am

» Sri Lanka Dialog Axiata net profits up 21-pct in June quarter
by bhanu Mon Jul 15, 2019 2:47 pm

» AEL lovers good news..Rusi again back on the track to AEL....
by Winner123 Sun Jul 14, 2019 11:02 pm

» Look PAP Amazing company
by Teller Sun Jul 14, 2019 2:33 am

» NEXT GEM.. HNB Non voting (HNB X)..
by samansilva Sun Jul 14, 2019 12:50 am

» LIOC upward curve
by samansilva Sun Jul 14, 2019 12:47 am

» TKYO.X0000 will it move furthur?
by samansilva Sun Jul 14, 2019 12:37 am

» Market will test 4700
by karuna2 Sat Jul 13, 2019 12:16 pm

» IDL IDL IDL
by samansilva Sat Jul 13, 2019 11:45 am

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by samansilva Fri Jul 12, 2019 3:49 pm

» No Confidance motion against the Government was defeted by 119 and 92 against. 13 Absent
by Capton KIng Cool Fri Jul 12, 2019 10:58 am

» Contact us for your bank instruments such as SBLC/BG/LC/MTN 100% Protected
by summitplc Thu Jul 11, 2019 11:34 pm

» Contact us for your bank instruments such as SBLC/BG/LC/MTN 100% Protected
by summitplc Thu Jul 11, 2019 11:30 pm

» PAN ASIA POWER
by Nuwan Samarawickrama Thu Jul 11, 2019 11:28 pm

» Today JVP's No confidance motation in the Parliment is Very cruicial .WHY?
by Yahapalanaya Thu Jul 11, 2019 11:03 pm

» Sri Lanka’s Royal Ceramics group expands contract manufacture in India
by shameen Thu Jul 11, 2019 1:23 pm

» CIND , 10% guaranteed return
by Teller Thu Jul 11, 2019 4:15 am

» BUY AEL Few crossings on the way..
by rukshan1234 Thu Jul 11, 2019 1:21 am

» Unisyst Engineering Known as(Alufab) have annouced a right issue
by Capton KIng Cool Tue Jul 09, 2019 5:13 pm

» what is the future of KHL (JOHN KEELES HOTELS)
by shameen Tue Jul 09, 2019 3:18 pm

» BFN BFN BFN ගොන් කම අත ඇරල ටික කාලයක් අල්ලන් හිටියනම් ඔක්කොමලා ගොඩ BFN BFN BUY AND HOLD -
by prabath Tue Jul 09, 2019 1:49 pm

» 10 Deadly Trading Mistakes!
by ipo Tue Jul 09, 2019 11:45 am

» AIA Insurance Payment Method @ 2500/= per share
by Capton KIng Cool Tue Jul 09, 2019 10:46 am

» KUDOS TO PRESIDENT FOR REINTRODUCING CAPITAL PUNISHMENT
by ipo Tue Jul 09, 2019 12:47 am

» AIA INSURANCE DE-LISTING (CTCE)
by ipo Tue Jul 09, 2019 12:42 am

» Regarst to 8 FINANCE Copmany's to be closed But no body knows excatly but avoid SFL,and MFL
by samaritan Mon Jul 08, 2019 9:31 pm

» http://www.ft.lk/front-page/Biz-confidence-rebounds/44-681514
by nuwanmja Mon Jul 08, 2019 3:32 pm

» Sri Lanka Shares Surge As Gov't Flags Projects & Rupee Steady
by samaritan Mon Jul 08, 2019 3:03 pm

» Tommorow's winning encounters
by Cma Mon Jul 08, 2019 12:27 am

» Buy GHLL.N0000 Galadhari Hotels
by Teller Sat Jul 06, 2019 5:17 am

» BALA can come down to 9/-
by Teller Sat Jul 06, 2019 5:08 am

» 10 Golden rules os investing in stock market
by Capton KIng Cool Fri Jul 05, 2019 5:26 pm


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka: Net foreign inflow into Sri Lankan equities top Rs. 7.71 billion year to date

Sri Lanka: Net foreign inflow into Sri Lankan equities top Rs. 7.71 billion year to date

Go down  Message [Page 1 of 1]

SelvaKolla


Stock Analytic
Stock Analytic
COLOMBO, April 12 (Reuters) - Sri Lankan shares extended gains for an eleventh straight session, posting their biggest single-day gain in more than two years, as foreign investors aggressively bought blue chip stocks.

The Colombo stock index ended 1.55 percent firmer at 6,402.99, its highest close since Nov. 15, 2016. The index recorded its biggest percentage gain since Feb. 6, 2015.

The index has gained 1.75 percent during the week, posting its third weekly gain in eight. It has climbed 7.16 percent in the last 11 sessions through Wednesday.

The market has seen fund inflows for 16 straight sessions through Wednesday, with foreign investors buying a net 5.22 billion rupees ($34.31 million) worth of equities in the same period.

They net bought shares worth 319 million rupees on Wednesday, raising the year-to-date net foreign inflow into equities to 7.71 billion rupees.


"Continuous foreign buying in John Keells Holdings and Ceylon Tobacco Company helped the gain," said Atchuthan Srirangan, a senior research analyst with First Capital Holdings PLC.

Shares of Ceylon Tobacco Company plc jumped 9.8 percent, while Ceylon Cold Stores Plc gained 2.87 percent and biggest listed Lender Commercial Bank of Ceylon Plc rose 2.66 percent and conglomerate John Keells Holdings Plc rose 1.33 percent.

Turnover stood at 2.37 billion rupees, the highest since Feb. 28 and well above this year's daily average of 780.7 million rupees.

Sri Lanka will celebrate its traditional new year this week and the markets will be closed on Thursday and Friday. ($1 = 152.1300 Sri Lankan rupees)

reyaz

reyaz
Manager - Equity Analytics
Manager - Equity Analytics
Be careful what you wish for. This 'foreign buying' may be a local fly in disguise

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@reyaz wrote:Be careful what you wish for. This 'foreign buying' may be a local fly in disguise
How is that? Can you explain more ?

Teller

Teller
Moderator
Moderator
Agree with Reyaz . Sharks can control any type of stock market . It's happening here currently . That's why less faith on CSE now . Not much trust .
It's good for a medium-long term investors only

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
Be careful what you wish for. This 'foreign buying' may be a local fly indisguise


I would like to know how it happens. Please elaborate it further.

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
@reyaz wrote:Be careful what you wish for. This 'foreign buying' may be a local fly in disguise
Still I am awaiting for a an answer. Either you or TELLER could clarify it. How it could be a local fly.

Teller

Teller
Moderator
Moderator
It can arise in several ways . Suppose you are a local business owner with billions of rupees in hand but some earnings want to take out from the country. In that scenario you want to launder this cash . How you can do this? There are 8-12 ways to do so .
As example you are going to start a business but you want to buy machineries from UK . The Actual invoice will be 1 million pounds . Instead of this one million , you advise to supplier to be invoiced 2 million with some fake description . When machine arrive to Sri Lanka, you may pay some additional taxes but you can easily take your money out. So those funds can be utilized with your foreign agent to buy shares.
The second thing , local investor can negotiate with some international investors to buy on behalf of him with a hidden agreement.
These will be accounted as foreign purchased.
Currently I buy from Indian market too but I don't have account . So invest my Indian friends name . The same thing doing by my Indian friend too. he invests CSE by my name . We buy shares equivalent amount in USD and enjoy . This is based on our friendship not recommend for others.

reyaz

reyaz
Manager - Equity Analytics
Manager - Equity Analytics
Teller put it beautifully  Very Happy 
Point to be noted that politics also can be used instead or in line with long time bokka friendship  bounce

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Teller's second scenario may be more active in Sri Lanka. First option adds extra money such as import tax to investment cost.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum