Net foreign inflow to CSE tops Rs. 19.5 b mark

Monday, 5 December 2022 01:30 - - {{hitsCtrl.values.hits}}

Net foreign inflow to the Colombo stock market year-to-date has surpassed Rs. 19.5 billion by last week.

This record feat was possible thanks to Rs. 1.1 billion net buying last week bringing the total for December so far to Rs. 1.9 billion.

The YTD 2022 figure is the highest since 2013 when CSE drew Rs. 22.7 billion in net foreign inflow. Bulk of this year’s net foreign inflow is due to parent SG Holdings of Japan buying into Sri Lanka’s most valuable listed entity Expolanka Holdings PLC.

At the end of September 2022, SG Holdings Global Ltd. held 79.47% stake up from 75.62% as at end June.

Last year CSE suffered a net foreign outflow of 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.

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