Increment of foreign buying

LoveMoney · 1 Increment of foreign buying Tue Jun 14, 2011 5:51 pm

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I have been observing the foreign buy, sell. For the past several days foreign buying has been increased. Todays' foreign buy, sell amounted 747,452,022 and 121,878,531. So the percentage wise 85.1 of foreign buying has been recorded. How do you interpret this?? Can somebody post foreign buy, sell information for the last 1 month at least?? I only can get for the day. I would like to see the trend
- LoveMoney

TuskerLK · 2 Re: Increment of foreign buying Tue Jun 14, 2011 5:53 pm

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Foreigner used to enter the market when all our local fellows are selling and selling when all of us start buying like crazy.

LoveMoney · 3 Foreign buy, sell - How to use for our advantage Tue Jun 14, 2011 6:27 pm

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So, how can we use this information for our advantage ? that will be helpful to discuss

themask · 4 Re: Increment of foreign buying Tue Jun 14, 2011 6:39 pm

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You have to check whether there are any crossings into foreign hands. It can distort this information.

pushpakumara · 5 Re: Increment of foreign buying Tue Jun 14, 2011 7:54 pm

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When the market is going down they come back and buy at lower prices. When we do not have money they use their monies to buy and exit with big profits. This is my personal thinking.

UKboy · 6 Re: Increment of foreign buying Wed Jun 15, 2011 2:19 am

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LoveMoney wrote:So, how can we use this information for our advantage ? that will be helpful to discuss

We can live without foreign fund. No question about that. But it is a clear indicator saying how good & attractive the market is.

Sadly in last year they withdrew nearly Rs 27 billion and so far this year about Rs5-6 Billion.

Funny thing is our people still strongly believe this market is attractive for foreign funds which is not.
Almost all our hi-cap counters are extremely over valued. Ex: JKH, HAYL, CARS, BUKI etc

smallville · 7 Re: Increment of foreign buying Wed Jun 15, 2011 7:39 am

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See our contribution for foreign deals;

Value of Turnover(Rs.) 4,133,606,659
Domestic Purchases 3,386,154,637
Domestic Sales 4,011,728,128

Foreign Purchases 747,452,022
Foreign Sales 121,878,531

Foreign deals are 6X times more than buying..
The yesterday's drop was really sarcastic and absurd..

So we can say Greener market is on the way now..

insidertrader · 8 Re: Increment of foreign buying Wed Jun 15, 2011 8:01 am

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No need to get excited. It's probably JKH and EXPO crossings adding up to the usual buyings of our Sri Lankans living outside the country. From time to time we see unusual days of net foreign buying because of a deal like that. But overall it's selling, selling.

kam2011 · 9 Re: Increment of foreign buying Wed Jun 15, 2011 3:35 pm

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smallville wrote:See our contribution for foreign deals;

Value of Turnover(Rs.) 4,133,606,659
Domestic Purchases 3,386,154,637
Domestic Sales 4,011,728,128

Foreign Purchases 747,452,022
Foreign Sales 121,878,531

Foreign deals are 6X times more than buying..
The yesterday's drop was really sarcastic and absurd..

So we can say Greener market is on the way now..

Good point smallville, Market will be green on Thursday or at least on Monday.

Antonym · 10 Re: Increment of foreign buying Wed Jun 15, 2011 10:26 pm

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themask wrote:You have to check whether there are any crossings into foreign hands. It can distort this information.

I guess foreign funds buying would be mostly in the form of crossings, which are included in the turnover values. How is the information distorted? (Or am I missing your point?)

Monster · 11 Re: Increment of foreign buying Wed Jun 15, 2011 11:05 pm

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Expo Lanka was purchased by most of the foreign investors; There was a crossing of 10 million shares.

Code:: This week’s debutant Expolanka Holdings yesterday saw its share price dip by Rs. 1.40 to Rs. 13 in tandem with market’s free fall but over 65% of the quantity traded was bought by foreign investors. On its second day of trading 27.5 million shares of Expolanka changed hands for Rs. 380.1 million, accounting for the second highest contribution for the turnover. Of the quantity traded was a crossing of 10 million shares at Rs. 14 each whilst overall 18 million shares or 65.4% were bought by foreign investors.

http://www.ft.lk/2011/06/15/bourse-in-free-fall-to-three-month-low/

themask · 12 Re: Increment of foreign buying Thu Jun 16, 2011 9:52 am

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Antonym wrote:

themask wrote:You have to check whether there are any crossings into foreign hands. It can distort this information.

I guess foreign funds buying would be mostly in the form of crossings, which are included in the turnover values. How is the information distorted? (Or am I missing your point?)

When there are big crossings you can't take that as an overall buying interest of the foreigners. Its just one or two people while the majority maybe on the selling side. Eventhough the author of this thread thought there was increased foreign buying interest the numbers can sometimes give you a distorted signal, thats what I meant. javascript:emoticonp(' Smile