Foreign investors record a Rs. 510.39 million net outflow from the Colombo Stock Exchange as heavy selling hits the first three trading days.
Foreign investors recorded a major net outflow from the Colombo Stock Exchange during the first three trading days of this week, with official market data showing heavy share sales despite active local investor participation.
The foreign investment withdrawal was reported across June 22, 23 and 24, as overseas investors sold shares in large volumes on the Colombo Stock Exchange (CSE).
According to official market data records, total share purchases by foreign investors during the three-day period stood at Rs. 34.53 million, amounting precisely to Rs. 34,535,373.90.
However, total foreign share sales during the same period reached Rs. 544.93 million, or Rs. 544,932,411.75, reflecting a sharp selling trend in the market.
Accordingly, the net foreign outflow from the Colombo Stock Exchange during these three days alone was recorded at Rs. 510.39 million, amounting to Rs. 510,397,037.85.
On June 22, the net foreign flow stood at Rs. -154.65 million.
On June 23, foreign sales increased to Rs. 226.59 million, while the net foreign flow for the day reached its highest negative value at Rs. -225.09 million.
On June 24, foreign purchases showed some growth, rising to Rs. 29.09 million. However, with sales reaching Rs. 159.74 million, another net foreign outflow of Rs. -130.64 million was recorded.
Economic analysts noted that global financial market conditions and investor profit-taking may have been the main reasons behind the foreign capital outflow.
