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Foreign investors remain net sellers of SL stocks

As speculation drove Sri Lanka’s stock market to a 1-week high, foreign investors net sold $1.5 m (Rs. 165m) worth of shares on Monday, Reuters reported.

Foreign investors have sold a net $58m (Rs. 6.36 bn) worth of shares in 2011, after a record $240m (Rs. 26.4 bn) in 2010.

 See our earlier posts:

Sri Lanka’s stocks: a closer look (Jan 2011)

Foreigners sell, state buys (Oct 2010)