Tuesday 23 December 2014

CSE, best in three years with highest net inflow – CEO

By Ravi Ladduwahetty

Ceylon Finance Today: The performance of the Colombo bourse has been the best in three years with the statistics for 2014 being better than 2013 and 2012.


Foreign purchases for 2014 (from January 1 to December 22) were Rs. 104.8 billion, which is more than that of 2012 and 2013, Director/ General of the Colombo Stock Exchange Rajeeva Bandaranaike told Ceylon FT yesterday.

While total foreign purchases of Colombo stocks for 2014 were Rs. 104.8 billion, foreign sales were Rs. 83.2 billion, leaving a net inflow of Rs. 21.6 billion.

Similarly, foreign purchases for 2013 were Rs. 83.2 billion while sales were Rs. 60.8 billion, thereby leaving a net inflow of Rs. 22.7 billion. In 2012, there was a total inflow of Rs. 72.6 billion, and foreign sales Rs. 33.9 billion, leaving a net inflow of Rs. 38.6 billion.

Bandaranaike also said that the All Share Price Index had risen by 22.6% for 2014 over 2013 while the S&P Index had also risen by 24.5% and the market gave the best returns in the current year.

He also said that in terms of Capital gains for 2014 through Initial Public Offerings for 2014, both debt and equity, Rights Issues and Placements, the market had raised Rs. 59.7 billion while a further Rs. 40 billion worth of issues was still pending at various stages of finalization.
www.ceylontoday.lk

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