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    President inaugurates The Capital Market Conference 2014 in Colombo Featured

    October 10, 2014

    The Capital Market Conference 2014  was inaugurated by President Mahinda Rajapaksa on Thursday (09) at the Cinnamon Lakeside Hotel in Colombo, Sri Lanka.

     

     

    The conference was hosted by the Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC).  More than 400 local and foreign Institutional fund Managers from  East Asia, South Asia, Middle East, UK, Europe and the US participated at the conference.

     

    Secretary of the Treasury Dr.P.B Jayasundara, Governor of the Central Bank  Ajith Nivard Cabraal, the Chairman of the Securities and Exchange Commission of Sri Lanka Nalaka Godahewa were also present.

     

    This forum is part of a series of activities planned by the CSE and the SEC to educate local and foreign investors of the investment opportunities available in the capital market and post war economic growth of Sri Lanka.

     

    During the post war period the broad market index of the CSE, the ASPI has recorded a growth of over 300% from 1,800 to 7,200 level. The total value of the market, Market Capitalization too has appreciated significantly by over 350%. The Average Daily Turnover of the CSE has gone up from Rs 464 Mn to Rs 1,200 Mn in five years since 2009. During the post war period the Net Asset Value of Unit Trusts has gone up from Rs 6.7 Bn to Rs 75.7 Bn (1,029%). 

     

    The economy is expected to reach a level of over US$ 4,000 per capita before 2016. 

     

    The CSE has recorded a YOY growth of 22% and has become one of the best performing markets globally in 2014. Foreign investors account for nearly 30% of the total market turnover of the CSE and foreign investors continue to be the net buyers in the market with net purchases of Rs 10 billion in 2014. The total net foreign inflow during the last three years exceeds Rs 70 Bn.(KH)

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    Last modified on Friday, 10 October 2014 10:00

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