CSE ends week on the up; YTD net foreign selling nears Rs. 12 b

THE Colombo stock market ended the week on the up on strong high net worth participation while foreign investors continued to be net sellers with YTD outflows totalling nearly Rs. 12 billion.

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The APSI ended up 0.14% or 32.97 points to 23,801.96 and the S&P SL20 was up 0.36% or 23.57 points at 6,626.38.

Turnover was nearly Rs. 9.1 billion on over 311 million shares traded. During the week, the ASPI fell 0.04% and the S&P SL20 was down 0.40%.

First Capital Research said foreign investors remained net sellers for the second consecutive week, recording a net outflow of Rs. 2.3 billion during the session The YTD total foreign outflow stood at Rs. 11.8 billion, with net foreign selling at Rs. 23.1Bn and net foreign buying at Rs. 11.3 billion.