Foreign inflows to CSE top Rs. 15 b

The year-to-date net foreign inflow to the Colombo stock market has reached the Rs. 15 billion mark, NDB Equities said.

This was after the market saw net buying of Rs. 800 million yesterday, boosting the year-to-date figure to Rs. 15.16 billion. A year ago it was a negative outflow of Rs. 3.12 billion and on 27 April 2015 the net inflow was Rs. 3.77 billion, according to NDB Equities. 

It said foreigners remained active, closing as net buyers mainly due to foreign purchases in John Keells Holdings and Commercial Bank. Total foreign purchases accounted for 64.0% of turnover. The share price of John Keells Holdings increased by Rs. 2.80 (1.79%), closing at Rs. 159.50 while foreign holdings increased by 4,259,282 shares. The share price of Commercial Bank moved up by Rs. 2.70 (1.90%), closing at Rs. 144.90 while foreign holdings increased by 1,426,417 shares, NDB said.