NFOs pass Rs 21.5B

By Paneetha Ameresekere | Published: 2:00 AM Jul 7 2020

By Paneetha Ameresekere

Net foreign outflows (NFOs) from the Bourse resumed their forward march yesterday (06), after a breather on Friday, due to continued uncertainty, with a figure of Rs 659.77 million, thereby increasing total NFOs in the calendar year to date to Rs 21.58 billion.

Nonetheless, amidst this carnage, the benchmark ASPI made a pyrrhic gain of 0.49 per cent to close yesterday at 5,075.90 points, though in the calendar year to date it has lost 17.19 per cent (1,053.31 points) of its value.

However, the more sensitive S&P SL 20 Index gave a better reflection of the Bourse by falling by 0.10 per cent, its sixth consecutive market day decline, to close at 2,188.56 points yesterday. In the calendar year to yesterday,  the S&P SL 20 Index has declined by 25.48 per cent (748.4 points), while shareholder wealth wiped out in the commensurate period has amounted to  Rs 481.04 billion (16.87 per cent).

Meanwhile, the benchmark ‘spot’ made gains for the third consecutive market day yesterday,  this time by 10 cents, to  be trading at Rs 185.80/90 to the US dollar in two-way quotes at 4pm, boosted by exchange controls which have dampened import demand, market sources told this reporter.

By Paneetha Ameresekere | Published: 2:00 AM Jul 7 2020

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