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.