To check this claim, FactCheck consulted data from the Colombo Stock Exchange Quarterly Report and the Securities and Exchange Commission of Sri Lanka Annual Report.
LKR 104 billion is recorded as the total sales value (outflow) of foreign owned stocks in the Colombo stock exchange from January 2020 to December 2020.
LKR 53 billion is recorded as the total purchase value (inflow) of stocks by foreigners in the same period.
LKR 51 billion (to be precise, LKR 51,355,712,983) is the difference between the above recorded sales and purchases – which is the net outflow of foreign investment from Sri Lanka’s stock exchange, as referred to by MP Eran Wickramaratne.
Therefore, we classify the MP’s statement as TRUE
*FactCheck’s verdict is based on the most recent information that is publicly accessible. As with every fact check, if new information becomes available, FactCheck will revisit the assessment.
Colombo Stock Exchange, Quarterly Report 31 December 2020, p.3, available at: https://cdn.cse.lk/cmt/upload_cse_report_file/quarterly_report_473_31-12-2020.pdf [Last accessed: 23 February 2021]
Securities and Exchange Commission of Sri Lanka, Annual Reports (Various Years), available at https://www.sec.gov.lk/index.php/annual-reports/ [Last accessed: 23 February 2021]