Foreign exodus from CSE continues with Rs3bn sold today

[monson]

November 5, 2018 (LBO) – Foreigners continued to exit the Colombo Stock Exchange (CSE) with net foreign selling of over Rs3bn on the day. With the accelerating exit by foreigners out of Colombo’s stock and bond markets, Sri Lanka’s constitutional crisis could very well turn into a financial crisis.

Analysts say that the crisis (unless resolved quickly) is likely to have trade as well as investment ramifications that could cause a collapse of Sri Lanka’s economy. Further weakness in the Sri Lankan Rupee is expected as capital outflows continue on a significant scale.

Sri Lanka is now on the 10th day of an unprecedented constitutional crisis, of which a resolution is not clearly visible. Most of Sri Lanka’s largest trading partners including the US and the EU, have urged the President to convene the Parliament as soon as possible so that the crisis can be resolved before significant hardship is thrust on the populace.

- http://www.lankabusinessonline.com/...dus-from-cse-continues-with-rs3bn-sold-today/

LKR 3.2 Billion (USD 18.3 Million) net outflow from the equity market just today.

In the 6 days of trading under this regime, the net outflow has been a staggering LKR 7 Billion - topping the net foreign outflow for the entire year before the 26th of October 2018.

- https://www.facebook.com/MangalaLK/photos/a.379656738100/10156385053873101/?type=3&theater

 

[monson]

Sri Lankan rupee falls on uncertainty after heavy foreign outflow; stocks down


COLOMBO, Nov 5 (Reuters) - ** The Sri Lankan rupee ended weaker on Monday as outflows from stocks and government securities due to political uncertainty raised dollar demand.

** Stocks slipped for the second session running, moving further away from their nearly two-month closing high hit last week. Foreign investors sold shares as the political crisis continued after the speaker of parliament said on Monday he would not recognise President Maithripala Sirisena’s sacking of Ranil Wickremesinghe and appointment of Mahinda Rajapaksa as the prime minister.

** The rupee ended at 174.45/60 per dollar on Monday, compared with the previous close of 174.30/50. The rupee has dropped 0.8 percent since the political crisis began on Oct. 26.

** The rupee hit a record low of 175.65 per dollar on Thursday.

More: https://af.reuters.com/article/commoditiesNews/idAFL4N1XG4IC

 

[Emoney_Help]

Kadeta giyama badu ganna nethi wenakan Sinhalunta owa therenne na ban.

Anika owa danne English papers walane. Sinhalunta kohomath therenne na ethakota.

 

[sanoka]

Rupee went from 130 to 172 during last 3 years , where were u ????

 

[kasun757]

.

Rupee went from 130 to 172 during last 3 years , where were u ????

අර නලුවෙක් නෙමේ මොලයක් කියපු එකා කරපු ලබ්බ තමා ඔය..

 

[Kolama]

Bumpation.

 

[monson]

Rs. 11 billion outflow from bond market

Wealth Trust Securities said the outflow of dollars from the rupee bond market continued for a ninth consecutive week, recording Rs. 10.97 billion for the week ending 31 October.

It said persistent foreign selling saw yields increase once again at the end of the week with the 15.03.23 and 15.07.23 maturities edging up to 11.50% and 11.40% respectively.

- http://www.ft.lk/front-page/Rs--11-billion-outflow-from-bond-market/44-666159

 

[nikdw]

lol dan nam kattiya sepai sepia lol