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High foreign inflows nullifies doomsday predictions Vote_lcap68%High foreign inflows nullifies doomsday predictions Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » High foreign inflows nullifies doomsday predictions

High foreign inflows nullifies doomsday predictions

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Despite doomsday predictions by the self-proclaimed economists in the opposition United National Party, Foreign investors continue to be cheerful to select Lankan blue chips with further buying seeing the year-to-date inflow topping the Rs. 32 billion mark.

Stock market sources said that non-nationals were responsible for Rs. 1.23 billion worth of buying and sales were Rs. 553 million , resulting in a net inflow of Rs. 683 million. They said that the year-to-date inflow now stands at Rs. 32.5 billion, an all-time and significant figure given the record outflows of Rs. 26 billion in 2010 and Rs. 19 billion in 2011.

The sources said that the foreigners were mostly active on premier blue chips JKH, Aitken Spence, Sampath Bank, Lion, RCL, Guardian, and Commercial Bank.(niz)
http://www.news.lk/news/sri-lanka/3364-high-foreign-inflows-nullifies-doomsday-predictions

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