Net foreign inflow to CSE hits 10-year high of Rs. 24.6 b

Monday, 19 December 2022 04:32 - - {{hitsCtrl.values.hits}}

Net foreign inflow to the Colombo stock market has hit a 10-year high of Rs. 24.6 billion despite the country's external debt default and shrinking economy.

The achievement follows December so far drawing Rs. 7 billion thereby propelling the year-to-date figure to Rs. 24.6 billion surpassing the previous best of Rs. 22.7 billion achieved in 2013.

Sri Lanka's highest ever net foreign inflow of a mammoth Rs. 38.6 billion in 2012.

Net foreign inflow apart from hitting a 10-year CSE is enjoying such a phenomenon after five years. The previous net inflow was in 2017 at Rs. 17.6 billion.

Last year net foreign outflow was Rs. 53 billion and in 2020, it was Rs. 51 billion and Rs. 11.7 billion and Rs. 23 billion in the preceding year.

This year’s net foreign inflow is singularly due to parent SG Holdings of Japan buying into Sri Lanka’s most valuable listed entity Expolanka Holdings PLC.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.