Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» MARKET CRASH - GUARANTEED
by Maharaja Today at 3:53 pm

» SRI LANKA'S ECONOMY
by samaritan Today at 2:56 pm

» ONE TIME WORLD BEST STOCK MARKET -WHAT HAPPENED?
by dsam Today at 2:21 pm

» PREDICT And WIN..........
by Eugine Fernando Today at 2:12 pm

» TOUGH TIMES AHEAD........!!!!!!!!
by cruiserdude Today at 10:47 am

» HVA might give dividend
by anjelo Today at 9:03 am

» TECHNICAL ANALYSIS REPORT FOR JUNE
by glad Sat Jun 16, 2018 10:34 am

» Market up soon...
by ruwan326 Fri Jun 15, 2018 6:06 am

» Chicken imports to be banned
by TuTanKaman Thu Jun 14, 2018 7:48 am

» VLL - Vidullanka PLC Private Placement
by The Hunter Wed Jun 13, 2018 9:20 pm

» CALF doubled price genuine?
by ruwan326 Wed Jun 13, 2018 10:47 am

» LLUB - foreign exit
by ruwan326 Wed Jun 13, 2018 10:42 am

» Howmuch will the dollar be in one week
by anges Tue Jun 12, 2018 7:21 pm

» FUTURE GEMS.....
by lishanthan Mon Jun 11, 2018 8:30 pm

» GARMENT INDUSTRY to enjoy double digit growth in the following year
by reyaz Mon Jun 11, 2018 1:59 pm

» Sira price to increase
by reyaz Mon Jun 11, 2018 1:33 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Net foreign inflows hit new record

Net foreign inflows hit new record

Go down  Message [Page 1 of 1]

1 Net foreign inflows hit new record on Tue Jul 11, 2017 6:44 am

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The year to date net foreign inflows to the Colombo stock market for 2017 yesterday reached the second all-time high, a development which Daily FT on 12 June predicted was likely.

Yesterday foreign investors bought Rs. 101.1 million net worth of shares, pushing the year to date figure to Rs. 22.8 billion, thereby overtaking the previous second best full-year net inflow of Rs. 22.7 billion achieved in 2013. A few weeks ago, the Colombo Bourse surpassed the third highest ever full-year net inflow figure of Rs. 21.4 billion recorded in 2014.

Daily FT in its 12 June article hinted at the stock market moving towards a three-year high after the year to date figure crossed the Rs. 20 billion mark on 9 June. 

The CSE’s highest ever net foreign inflow of Rs. 38.6 billion was recorded in 2012.

With over five more months for the year’s end, analysts are debating whether the all-time record figure could be surpassed.

“What is required is a further Rs. 16 billion, which is challenging but not impossible if the country further improves its attractiveness for listed equities among foreigners,” an analyst told the Daily FT. 

The current attractiveness of the Colombo Bourse in terms of the Price Earnings Ratio is around 11.57 times with PER of several good stocks more favourable. In 2016 the PER was 12.37 times and in the preceding two years it was 17.98 times and 19.66 times. 

“This shows Colombo remains attractive, signaling there is further upside for discerning investors. Foreigners have been the first to recognise and act whilst the locals continue to debate over prospects losing opportunity,” another analyst opined. “It is disappointing locals continue to maintain a ‘wait and see’ attitude,” he added.

The year to date performance of 2017 is impressive considering the fact that last year net foreign inflow in the secondary market was only Rs. 383.5 million whilst in 2015 the market suffered a net outflow of Rs. 5.37 billion. 

Total net foreign inflow for both the primary and secondary market as of yesterday was Rs. 32.38 billion, much higher than the Rs. 2.28 billion achieved in 2016.

Year to date the Colombo stock market is up by 8.5% in terms of the All Share Price Index and 11.67% in terms of the S&P SL 20 Index. At present the market is at an 18-month high. 

The gains are impressive given the fact that the ASI had declined by 9.7% and 5.5% respectively in 2016 and 2015 whilst the S&P SL was down 3.6% and 11.3%.

2 Re: Net foreign inflows hit new record on Tue Jul 11, 2017 7:29 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Highest net foreign inflow recorded in 2012 would have surpassed by now had the government implemented fiscal policies favorable to investors. Also, massive corruption, malpractices going on at higher level still keep the investors on alert.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum