Foreign selling at CSE grows

Wednesday, 15 May 2024 00:24 - - {{hitsCtrl.values.hits}}

Foreigners are exiting at a faster pace this month with net outflow nearing Rs. 1 billion. In less than half of the month, net foreign outflow at the Colombo Stock Exchange amounted to Rs. 974.2 million as of yesterday (14 May).

Yesterday saw over a half a billion or Rs. 588 million net foreign selling lead by top blue chip John Keells Holdings. Year to date net foreign selling is nearing Rs. 9 billion.

CSE’s current woes deepen further