ElaKiri Community
Downloads
Go Back   ElaKiri Community > ElaKiri.com > News and Updates
Reload this Page Constitutional Crisis – Rs28bn foreign capital flees SL in 2 weeks
Reply
 
Thread Tools
(#1)
Old
saraprobe's Avatar
saraprobe saraprobe is offline
Senior Member
saraprobe will become famous soon enough
 
Posts: 2,074
Join Date: Dec 2006
Oh! Constitutional Crisis – Rs28bn foreign capital flees SL in 2 weeks - 11-09-2018, 09:05 PM

November 9, 2018 (LBO) – Foreign selling of Sri Lanka’s stocks and bonds continued at a brisk pace in the second full week of Sri Lanka’s constitutional crisis.

Net foreign selling of government securities was Rs9.9bn for the week, while net foreign selling of equities was Rs3.9bn.

In the previous week the figures were strikingly similar with a net Rs10.9bn coming out of the bond market and Rs3.8bn coming out of the stock market.

Since the start of the constitutional crisis a total of Rs28.5bn (US$165mn) has fled Sri Lanka’s stock and bond markets.

If the crisis continues to drag on, analysts have said to expect further outflows from Sri Lanka’s capital markets. They have warned that if the crisis is not resolved amicably, there could be significant capital flight as well as trade ramifications. Debt refinancing could also get see significant disruption. “A financial crisis is possible” one said.

Year to date over Rs130bn has fled Sri Lanka’s capital markets, a key contributor to weakness in the Sri Lanka Rupee in 2018.

LOVE YOU MS
Reply With Quote
(#2)
Old
HKavinda's Avatar
HKavinda HKavinda is offline
Senior Member
HKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant futureHKavinda has a brilliant future
 
Posts: 33,868
Join Date: Dec 2013
Location: 🅸🅽🆃🅴🆁🅽🅴🆃
11-09-2018, 09:23 PM

බම්පි
Reply With Quote
(#3)
Old
Emios's Avatar
Emios Emios is online now
Senior Member
Emios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of lightEmios is a glorious beacon of light
 
Posts: 7,969
Join Date: Dec 2009
11-09-2018, 09:38 PM

Lol
Reply With Quote
(#4)
Old
Iron Monger's Avatar
Iron Monger Iron Monger is offline
Senior Member
Iron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud ofIron Monger has much to be proud of
 
Posts: 27,569
Join Date: Apr 2011
Location: ලුණුවිල.
Send a message via Skype™ to Iron Monger
11-09-2018, 09:49 PM

bump
Reply With Quote
Reply

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



Copyright © 2006 - 2011 ElaKiri™ Beta2.Evo vBulletin, vBa iBproArcade Subdreamer I-Magic MKv

Page generated in 0.02917 seconds with 9 queries