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The Invisible
The Invisible
Posts : 2923
Join date : 2016-11-28
Age : 41

Constitutional Crisis – close to $ 100mn flees stock/bond markets last week Empty Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

on Mon Nov 05, 2018 4:17 pm
Message reputation : 100% (1 vote)
November 4, 2018 (LBO) – In the first full week of Sri Lanka’s constitutional crisis, foreign investors in Sri Lanka’s capital markets ran for the exits with nearly US$100mn leaving the stock/bond markets during the past 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/
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malanp
Posts : 515
Join date : 2014-03-04

Constitutional Crisis – close to $ 100mn flees stock/bond markets last week Empty Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

on Mon Nov 05, 2018 4:31 pm
If today JKH seller is a foreigner then he will take money out tomorrow, expect further drop in Rupee .
The Invisible
The Invisible
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Join date : 2016-11-28
Age : 41

Constitutional Crisis – close to $ 100mn flees stock/bond markets last week Empty Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

on Mon Nov 05, 2018 5:03 pm
Message reputation : 100% (1 vote)
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. Sad
Ethical Trader
Ethical Trader
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Top contributor
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Constitutional Crisis – close to $ 100mn flees stock/bond markets last week Empty Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

on Mon Nov 05, 2018 9:25 pm
Message reputation : 100% (1 vote)
Local buying today exceeds Rs: 4 billion. ?Where was this money earlier. Was it from MPs who crossed over.
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serene
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Top contributor
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Constitutional Crisis – close to $ 100mn flees stock/bond markets last week Empty Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

on Tue Nov 06, 2018 5:57 am
Or is it from Strategic Investor who is eying JKH as we discussed elsewhere.
The Invisible
The Invisible
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Join date : 2016-11-28
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Constitutional Crisis – close to $ 100mn flees stock/bond markets last week Empty Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

on Tue Nov 06, 2018 8:55 am
Message reputation : 100% (1 vote)
serene wrote:Or is it from Strategic Investor who is eying JKH as we discussed elsewhere.

Rumor is that Harry J is taking positions.
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serene
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Constitutional Crisis – close to $ 100mn flees stock/bond markets last week Empty Re: Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

on Tue Nov 06, 2018 6:38 pm
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.
Thanks Mate.
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