Written by Staff Writer
16 May, 2020 | 11:58 am
COLOMBO (News 1st): Foreign investors returned to Sri Lanka government securities this week, the first time in four months, government data showed.
Government securities saw a net inflow of mere Rs.300,000 during the week ending 15 May 2020, reversing the trend witnessed since the week ended January 24, when the global pandemic started.
But the outstanding stock of T-bills and T-bonds held by foreigners has declined by 3.93 percent to Rs.949.4 million so far this month.
Since the first week of March this year, foreign holding in local bond markets have declined by approximately Rs.60 Billion, due to week investor sentiments, owing to the global outbreak of Covid19.
T-bills and T-bonds held by Foreigners which stood at Rs. 83 billion by the first week of March has witnessed a massive decline of approximately 70 percent to Rs.23 billion as at the 16th of May.
T-bills and T-bonds held by Foreigners which stood at Rs.104 Bn as at the 1st of January this year, have declined by nearly 77.7 percent.
The cumulative outflow from the local bond market since the 1st of January this year is now approximately Rs.80.792 Billion.
31 May, 2020 | 10:25 AM
28 May, 2020 | 11:02 AM
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