Foreign selling continues at Bourse

Foreign investors continued to be net sellers at the Colombo stock market for the 9th consecutive day yesterday.

The year to date net foreign outflow is Rs. 1.17 billion with yesterday’s amount being Rs. 684 million, of which Rs. 597 million was on account of biggest private sector bank, COMB. During August so far the outflow has been higher at Rs. 2.1 billion. Last two weeks foreign net selling on JKH was Rs. 929 million whilst on Commercial Bank during the two weeks ended on 31 July it was Rs. 637 million. With yesterday’s selling, the figure for COMB is around Rs. 1.2 billion in recent weeks.

The week ended 24 July saw net foreign inflow of around Rs. 360 million thanks to Rs. 806 million net buying into Asiri and Rs. 448 million in to DFCC.