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Wednesday, 02 August 2017 - 8:38
Australian purchases in the stock market hits an all-time high
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Reports indicate that foreign inflows to the stock market originating from Australia indicate a figure of 626.4 million rupees year-to-date, which is an all-time record for foreign purchases from Australia in a calendar year.

The Colombo Stock Exchange in association with the Securities and Exchange Commission of Sri Lanka hosted a series of Invest Sri Lanka Investor Forums to promote Sri Lankan capital market investment in Australia during March 2017.

593.4 million rupees, which attributes to 95% of the purchases this year, have been recorded since the Invest Sri Lanka forums.

Record inflows from Australia also place the country as the 10th ranked contributor in terms of overall net foreign flow in 2017, a noteworthy development considering the fact that an actual outflow of funds to Australia amounting to Rs. 80.2 million was recorded in 2016.

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