Net foreign inflow nears Rs. 7 b in Sept

Monday, 19 September 2022 02:58 - - {{hitsCtrl.values.hits}}

The net foreign inflow to the Colombo stock market neared the Rs. 7 billion mark in the month of September so far, supported by SG Holdings buying into Expolanka Holdings PLC among others.

According to First Capital, as of 16 September, net buying amounted to Rs. 6.96 billion whilst year-to-date the net inflow is Rs. 7.5 billion, marking a positive development for the first time in four years.

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. The previous net inflow was in 2017 at Rs. 17.6 billion.

SG Holdings collects 2.5% Expo stake for Rs. 10 b