Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Wednesday, April 17, 2013

Net inflows top Rs. 7 b

Thanks to the deal on Pan Asia Bank, net foreign inflow to the Colombo Stock Exchange topped the Rs. 7 billion mark year-to-date.

The investment by Japan’s Bansei Securities for a 15% stake amounted to Rs. 930 million, of which Rs. 581 million was foreign selling. Overall the market saw a net inflow of Rs. 638 million with foreign buying of Rs. 1.33 billion and selling of Rs. 696 million.

Foreign activity accounted for 84% of the day’s turnover of Rs. 1.57 billion, with continued buying seen on banking sector stocks such as HNB, Commercial and Sampath.

Renewed foreign interest on banking sector stocks last week saw a net inflow of Rs. 650 million, bringing the year-to-date inflow to over Rs. 6 billion by Friday.

Last year despite downturn and exit by locals, foreign inflows were an all-time high of Rs. 39 billion, reversing capital flight in the previous two years.

source - www.ft.lk