gossip lanka

Markets remain bullish due to local investors

The Local Stock Market has continued to remain bullish recording high levels of turnover post resumption of trading after remaining closed for a two-month period owing to the COVID-19 pandemic. Local investors have played a key role, accounting for more than half the volumes recorded since reopen and continue to collect securities at low price points. The market has continued moving upward remaining resilient achieving post-pandemic levels.

The market which resumed for trading on May 11, has continued to remain resilient amidst foreigners exiting the market, which is not unique to the CSE but is that which is experienced by the markets around the world.

However, there has also been interest by foreign investors who have purchased Rs. 44 billion a year to date.