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Tuesday, January 18, 2011 - 05.29 GMT

Market Capitalization Rs 3 trillion in 2011 - SEC


By the year 2011, Market Capitalization is expected to increase to Rs 3 trillion from the current Rs 2 trillion, said Indrani Sugathadasa, Chairperson, Securities and Exchange Commission.

"Within a macroeconomic environment of high GDP growth and low inflation supported by fiscal discipline and political stability in Sri Lanka, more companies and infrastructure projects will consider financing their projects through the equity market", she said.

Securities and Exchange Commission (SEC) is also exploring the possibility of introducing Cross Boarder Listing on the CSE.

In order to achieve SEC's objective of widening and broad basing of investor base she said that the stock market should venture into rural areas.

The CSE has already ventured into 4 provinces. The development projects that are underway in the Northern and the Eastern provinces has shown a full swift where the society is very interested in knowing the latest development at the stock market and to invest in it, the Chairperson said.

All 5 existing branch offices of the CSE have performed exceptionally well during the year 2010 and the SEC would like the CSE and stock brokers to venture into other areas such as the East in the near future by establishing branch offices, she added.






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Last modified: January 18, 2011.

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