Net Foreign Inflow tops

ddindika Mon Aug 06, 2012 7:17 pm

As suggested by the bill auction this week, interest rate seem to be stabilizing with the exchange rate primarily led by the confidence boosters; the final tranche of the IMF and the successful completion of the USD1bn sovereign bond. This has been followed by positive comments by the Treasury Secretary to stimulate market performance. However, market activity struggled to keep up with the boosting vitae with a day’s short lived active performance.

Net foreign inflow topped LKR25.5bn amidst the continued accumulation by foreigners. We believe towards the latter half of the month interest rates are likely to show clear direction resulting in a reversal in equity market fortunes. Investors are advised to step in the accelerator to increase equity allocation in their portfolios.

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