Net foreign inflow tops Rs. 24 b

The year to date net foreign inflow to the Colombo stock market topped the Rs. 24 billion mark yesterday thanks to spirited non-national buying as weak-hearted locals continue to sell out. 

Reuters reported foreign investors bought shares worth net Rs. 346.3 million on Wednesday, extending the year-to-date net foreign inflow to Rs. 24.8 billion.

NDB Securities also confirmed net foreign buying topping the Rs. 24 billion mark.

It said foreigners remained active closing as net buyers mainly due to foreign purchasing in Expolanka Holdings and Commercial Bank. Total foreign purchases accounted for 68.8% of turnover.

Acuity Stockbrokers said Expolanka saw net foreign buying Rs. 234.5 million or 35 million shares followed by Commercial Bank (Rs. 32 million) and CTC (Rs. 19.7 million) and HNB (Rs. 19 million).