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CSE nets US$ 58.2 m upto May 2015 Vote_lcap68%CSE nets US$ 58.2 m upto May 2015 Vote_rcap 68% [ 178 ]
CSE nets US$ 58.2 m upto May 2015 Vote_lcap18%CSE nets US$ 58.2 m upto May 2015 Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CSE nets US$ 58.2 m upto May 2015

CSE nets US$ 58.2 m upto May 2015

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1CSE nets US$ 58.2 m upto May 2015 Empty CSE nets US$ 58.2 m upto May 2015 Fri Jul 24, 2015 11:04 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Foreign investments in the Colombo Stock Exchange (CSE) recorded a net inflow of US dollars 58.2 million during the first five months of 2015.
This includes net inflows to the secondary market amounting to US dollars 33.5 million and inflows to the primary market amounting to US dollars 24.7 million. Meanwhile, net cumulative inflows to the CSE by 21July 2015 amounted to US dollars 33.1million.
According to Government Data, foreign investments in the government securities market recorded a net outflow of US dollars 237.3 million during the first six months of 2015 compared to a net inflow of US dollars 196.5 million during the corresponding period of 2014. During the first five months of 2015, long term loans obtained by the Government amounted to US dollars 372.0 million compared to US dollars 848.1 million received in the corresponding period of 2014. Meanwhile during the year, up to 21July 2015, the rupee has depreciated by 2.1per cent against the US dollar. However, based on cross currency exchange rate movements, the Sri Lankan rupee appreciated against the euro by 10.0 per cent, the Australian dollar by 9.2 per cent and the Japanese yen by 2.0 per cent, while depreciating against the pound sterling by 2.0 per cent and the Indian rupee by 1.6per cent during this period.
In May 2015, workers' remittances declined marginally by 3.5 per cent, year- on-year, to US dollars 537.7 million from US dollars 557.5 million in May 2014.
Meanwhile, on a cumulative basis, inflows from workers' remittances increased marginally by 1.0 per cent to US dollars 2,803.1 million during the first five months of 2015 in comparison to the corresponding period of 2014. However, workers' remittances are expected to gather momentum during the second half of the year. 
Courtesy: Daily News 24 July 2015

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