20 Jan '11, 4pm

Why are foreign investors selling Sri Lanka stocks? fwd PE ratio of 17.9 highest among emerging markts via @shiharaneez

COLOMBO, Jan 20 - Sri Lanka's securities regulator is considering a minimum free float for newly-listed stocks, ahead of $9 billion in initial public offerings due on the Colombo Stock Exchange this year. Although it has been Asia's best performer since 2009 with a nearly 370 percent gain from Jan 1, 2009, foreign investors have been net sellers since the island nation's 25-year civil war ended in May 2009. Here are some questions and answers about the trend: WHAT IS THE FOREIGN INVESTMENT TREND? Offshore investors have been net sellers since the end of the war in May 2009, to the tune of 29 billion Sri Lanka rupees . Between Jan. 1, 2009 and the end of the war, they were net buyers of 1.4 billion rupees' worth. The outflow at the end of 2009 was the first since 2001. WHY ARE FOREIGN INVESTORS SELLING? The local Securities and Exchange Commission officials and some analyst...

Full article: http://sg.news.yahoo.com/rtrs/20110120/tbs-srilanka-bours...

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