- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
For the year 2018, the total net foreign outflow from Sri Lanka’s stock and bond markets totals Rs117bn. This is close to US$660mn at todays exchange rates, however, the actual dollar outflow its higher with figures distorted due to the recent drop in the Sri Lanka rupee which sits near an all time low of Rs175/dollar.
Sri Lanka’s constitutional crisis has come at a terrible time for the Sri Lankan markets, with outflows globally from emerging markets and Sri Lanka sovereign bond maturities coming up.
http://www.lankabusinessonline.com/constitutional-crisis-close-to-100mn-flees-stock-bond-markets-last-week/
- malanp
- Posts : 518
Join date : 2014-03-04
Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
malanp wrote:If today JKH seller is a foreigner then he will take money out tomorrow, expect further drop in Rupee .
Yes a big fund/funds have been the net sellers today. Total net foreign outflow was 21.2Mn shares. Total net foreign selling @ CSE was 3.2Bn and this looks very bad for the LKR/USD exchange rate.
- Ethical TraderTop contributor
- Posts : 5568
Join date : 2014-02-28
Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
- sereneTop contributor
- Posts : 4850
Join date : 2014-02-26
Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
- The Invisible
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Join date : 2016-11-28
Age : 44
Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
serene wrote:Or is it from Strategic Investor who is eying JKH as we discussed elsewhere.
Rumor is that Harry J is taking positions.
- sereneTop contributor
- Posts : 4850
Join date : 2014-02-26
Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
Thanks Mate.The Invisible wrote:serene wrote:Or is it from Strategic Investor who is eying JKH as we discussed elsewhere.
Rumor is that Harry J is taking positions.