Near Rs. 700 m net foreign selling in first eight days of June

The Colombo stock market has seen nearly Rs. 700 million worth of net foreign selling in the first eight days of June. In the past four consecutive market days, the net outflow was Rs. 678 million whilst so far in June the figure is Rs. 682 million.

Despite the heightened foreign selling, the CSE still reports Rs. 678 million in net foreign buying year to date, down from Rs. 1.4 billion as at end May and Rs. 4.4 billion in mid-February.

Last year, net foreign inflow into CSE hit a 10 year high of Rs. 30.6 billion.