Home / Front Page/ Surge in foreign capital inflows boosts CSE

Surge in foreign capital inflows boosts CSE


Comments / {{hitsCtrl.values.hits}} Views / Monday, 24 April 2017 00:52


  • ASPI up by 4.93% and S&P SL 20 up 6.85% in 2017 
  • Net foreign inflow of Rs. 14.3 b year-to-date in 2017, up from Rs. 383.5 m in 2016
  • Net foreign inflows for 21 consecutive trading days 
  • Foreign investor contribution to total turnover exceeds 50% for first time since 2008 

IN-4The Colombo Stock Exchange (CSE) has in recent weeks garnered 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 April, crossing the 6,500 mark on Thursday, 20 April. 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. 

CSE said 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, 21 April. Foreign investor activity in 2017 so far has marked a net foreign inflow of Rs. 14.3 billion, a vast improvement compared to previous years, which recorded an inflow of Rs. 383.5 million 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 2008, a clear indication of the growing interest among foreign investors in the Sri Lankan capital market.

CSE also said overall trading activity has 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 million in 2016. The total turnover for the week ended 21 April was over Rs. 11 billion.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Misuse of State Governors by the Centre continues in India

Saturday, 19 May 2018

The gross misuse of the State or Provincial Governor in India by the ruling party at the Centre in New Delhi to achieve its narrow political interests continues to plague the functioning of the Indian Constitution.


FIRESTARTER!

Saturday, 19 May 2018

Fuelled by his passion for making change and being creatively different with everything he delves into, entrepreneur, designer and “rabble-rouser” Stefan Andre Joachim says what he does best is light fires in the souls of those who dare walk thro


Blind in the daylight: Adopting a deficit model – Part 2

Friday, 18 May 2018

Kandy was not captured by the British but was gifted. The state of development of Sri Lanka too, as these articles demonstrate,


Shindig at the Shangri-La

Friday, 18 May 2018

“I saw the Emperor – this soul of the world – go out from the city to survey his reign; it is a truly a wonderful sensation to see such an individual,


Columnists More