Foreigners in Rs. 600 m net buying

Monday, 24 September 2012 00:00 - - {{hitsCtrl.values.hits}}

Once again last week foreign investors closed in a net buying which amounted to Rs. 601.37 million; this, however, was a w-o-w decline of 25.33% from previous’ net buying position of Rs. 805.32 million.

The daily average net buying position amounted to Rs. 120.27 million relative to the previous week’s daily average of Rs. 161.06 million. Total foreign purchases declined 27.88% w-o-w to Rs. 1.51 billion from RS. 2.09 billion in the previous week while total foreign sales amounted to Rs. 0.90 billion relative to Rs. 1.28 billion in the previous week representing a 29.48% w-o-w decline. Dialog Axiata and JKH led foreign purchases in terms of volume, while Seylan Bank [NV] and Trade Finance led the foreign sales. In terms of value, JKH and Commercial Bank led foreign purchases, while Seylan Bank [NV] and Tokyo Cement led foreign sales.

(Source: Acuity Stockbrokers)