Plans to double figure in 2013:
CSE records Rs 38 bn NFI’s in ‘12
H.D.H. Senewiratne
The Colombo Stock Exchange (CSE) which recorded Rs 38 billion net
foreign inflows (NFI’s) last year, is now expecting to double the figure
this year by vigorous campaigning overseas.
“ In 2012 CSE recorded a Rs 38 billion foreign inflow, which was the
highest ever recorded. This was 23 percent of the total investment. We
intend to increase this to 30 percent plus this year, Head of Marketing
Development Niroshan Wijesundera told Daily News Business.”
He said that as the CSE is one of the most attractive markets in the
region it is not a difficult task to promote and attract foreign
investors into the country.
Therefore, the CSE has taken initiatives to organize a series of road
shows and investment forums overseas to reach the 30 percent plus target
before the end of the market, Wijesundera said.
Since India is one of the fast growing economies in the region, the
CSE will organize an investment forum in Mumbai on February 21 next
month, which is expected to attract around 80 to 100 top fund managers
in Mumbai and form other countries including Dubai, he said.
Wijesundera also said that around nine leading listed companies have
confirmed their participation in the road show/investment forum. At the
event they will highlight and showcase Sri Lanka’s growth potentials and
also evaluate Sri Lanka’s equity market and its value proposition.
The purpose of the event was to attract foreign high network
investors and top business corporates in Mumbai, Indian’s commercial
capital and other investors in the region, he said.
At present nine local listed companies have confirmed their
participation in the event.
Those companies are John Keels, Curson Cumberbatch, HNB Bank, NDB
Bank, Hayleys DFCC Bank, Commercial Bank, Access International and
Dialog. Bloomberg Date Services is organizing the event in Mumbai, he
said.
The keynote speech will be delivered by the Minister of International
Monetary Corporation and Deputy Minister Finance Dr Sarath Amunugama. |