Category: Exclusive
-
Stocks Rise, Foreigners Stay Cautious: Reading Too Much Into a Market Bounce
The Colombo Stock Exchange has registered modest gains, largely driven by domestic buying. Analysts have framed this as a revival of investor confidence. The reality is subtler: domestic participants are filling a vacuum left by cautious foreign investors. Local investors face limited alternatives. With low real returns on bank deposits, constrained capital flows, and intermittent