Net inflows top Rs. 7 b

sriranga · 1 Net foreign inflow tops Rs. 6 b mark Tue Apr 16, 2013 3:25 am

sriranga

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The Colombo stock market continues to entice foreign investors as the year to date inflows topped the Rs. 6 billion mark last week.

Net foreign inflows to Bourse amounted to Rs. 650 million, of which around Rs. 480 million accounted for on Thursday. The week’s inflow brought the cumulative figure year to date to Rs. 6.3 billion, according to Softlogic Stockbrokers.

Acuity Stockbroker said foreign purchases dominated on HNB (Rs. 495 million) and Commercial Bank (Rs. 475 million). These two also dominated the overall turnover levels last week. The Bourse ended the week with ASI up 3.5% and the S&P Sri Lanka 20 Index higher by 8%.
http://www.ft.lk/2013/04/16/net-foreign-inflow-tops-rs-6-b-mark/

worthiness · 2 Re: Net inflows top Rs. 7 b Tue Apr 16, 2013 6:20 am

worthiness

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It hints the strength of two counters & intensifying the future demand for both voting & non voting shares. No U turn sign as some expected after dividends received.

Redbulls · 3 Net inflows top Rs. 7 b Wed Apr 17, 2013 2:06 am

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Thanks to the deal on Pan Asia Bank, net foreign inflow to the Colombo Stock Exchange topped the Rs. 7 billion mark year-to-date.

The investment by Japan’s Bansei Securities for a 15% stake amounted to Rs. 930 million, of which Rs. 581 million was foreign selling. Overall the market saw a net inflow of Rs. 638 million with foreign buying of Rs. 1.33 billion and selling of Rs. 696 million.

Foreign activity accounted for 84% of the day’s turnover of Rs. 1.57 billion, with continued buying seen on banking sector stocks such as HNB, Commercial and Sampath.

Renewed foreign interest on banking sector stocks last week saw a net inflow of Rs. 650 million, bringing the year-to-date inflow to over Rs. 6 billion by Friday.

Last year despite downturn and exit by locals, foreign inflows were an all-time high of Rs. 39 billion, reversing capital flight in the previous two years.
http://www.ft.lk/2013/04/17/net-inflows-top-rs-7-b/