NFIs Cross Rs three billion for 2nd time

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Net foreign inflows (NFIs) crossed the Rs three billion mark in only for the second time for the year yesterday in an otherwise ‘doom and gloom’ scenario where the market  was buffeted by high interest rates led by even higher inflation.

Consequently, the ASPI fell by 0.65 per cent to 9,749.09 points and the S&P SL 20 Index by 0.74 per cent to 3,133.15 points at yesterday’s trading. Complementing these developments, the bourse which made a turnover of Rs 3.77 billion yesterday, saw turnover fall to a 14 day low. The bourse last made a lower turnover than that of yesterday’s on 30 August with a value of Rs 1.81 billion.

Meanwhile, yesterday the bourse enjoyed NFIs for the second consecutive market day, increasing NFIs in the calendar year to date to Rs 3,094.3 million. Prior to yesterday, the bourse last enjoyed an NFI of over Rs three billion in the calendar year to date was five days ago on 8 September with a figure of Rs 3.24 billion.  The number of shares which changed hands yesterday was 52.21 million.

By Paneetha Ameresekere