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Stocks: foreign investors sell, state buys

Whilst Sri Lanka makes much of Colombo’s soaring stock market, trading figures show foreign investors are systematically exiting the island's market. Foreign investors have so far this year sold a net 23 billion rupees' ($200m) worth of shares, Reuters reported Monday.

Moreover, the main stock index (CSE) is being pushed up by state-owned funds.

The Sunday Times reported this week that the government has directed government agencies such as the EPF (Employees' Provident Fund), ETF (Employees' Trust Fund), state banks and other government controlled institutions to invest in the stock market.