Foreigners see future upside but more can be drawn

UNP MP Dr. Harsha de Silva yesterday admitted that the record net foreign inflow so far this year reflected that foreigners see the future upside in the long term but claimed Sri Lanka was missing a much larger amount due to issues of governance in the market.

“Yes, the inflows are positive and foreigners must be seeing upside potential in the long-term as valuations are attractive. But the levels would be higher if there was greater confidence,” Dr. de Silva opined. He also pointed out that the stock market must be attractive for local investors too and this would only happen if the current issues were resolved.