Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Surge in foreign capital inflows boosts Colombo Stock Exchange
Mon, Apr 24, 2017, 10:40 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 24, Colombo: The Colombo Stock Exchange (CSE) in recent weeks has garnered a keen interest among foreign institutional investors, with a surge in foreign activity contributing to a strong showing in both daily turnover levels and the performance of the stock market indices.

The Benchmark All Share Price Index (ASPI) recorded consistent gains over the month of April, crossing the 6,500 mark on Thursday the 20th. The index closed at 6,535.54 points by the end of trading for the week, a 4.93% increase in the index in 2017 (year‐to‐date). The S&P SL 20 index, which features the CSE's 20 largest and most liquid stocks has also improved consistently, making a 6.85% gain in 2017 (year‐to‐date) and closing at 3735.83 points for the week.

Consistent foreign inflows have been a standout feature of the performance of the market in recent weeks, with net foreign inflows for 21 consecutive trading days by the end of trading on Friday the 21st of April.

Foreign investor activity in 2017 so far, has marked a net foreign inflow of 14.3 Billion Rupees, a vast improvement compared to previous years, which recorded an inflow of Rs. 383.5 in 2016 and an outflow of Rs. 5.3 Billion in 2015.

Foreign investor contribution to total turnover in 2017 stands at 51.4%, another improvement in comparison with 42.0% in 2016 and 34.4% in 2015. This marks the first occasion where foreign investor contribution to yearly turnover has exceeded the 50% mark since the year 2008, a clear indication of the growing interest among foreign investors in the Sri Lankan capital market.

Overall trading activity has also improved in 2017, with the Daily Average Turnover recorded for trading in 2017 (year‐to‐date) marking an improvement to Rs. 877.8 Million from Rs.737.2 in 2016. The total turnover for the week that ended on 21st April 2017 was over Rs. 11 billion.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka's economic growth dips to 1.6% in 2nd quarter of 2019 after Easter Sunday attack
-- [28 minutes ago]
Sri Lanka Army advises public not to be alarmed over false news published in media
-- [1 hour and 8 minutes ago]
Sri Lanka Presidential Elections on November 16
-- [1 hour and 28 minutes ago]
Japan provides USD 2 million grant aid for implementation of the Women, Peace and Security Agenda in Sri Lanka
-- [1 hour and 39 minutes ago]
Sri Lanka PM says sweeping changes needed for a leapfrog in economy
-- [8 hours ago]
Sri Lanka Administration Service calls off strike
-- [8 hours ago]
NDB opens trading at CSE to celebrate 40th Anniversary
-- [9 hours ago]
Justice Minister appreciates Boossa prison officers for meticulous action
Special announcement from UNP general secretary regarding party's candidate for presidential election
Sri Lanka President explains the finances of Rs. 19 billion South Asia's tallest telecommunication tower

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.