More listings merrier for CSE

by Lalin FERNANDOPULLE

Corporates coming on board at the Colombo Stock Exchange augurs well for Sri Lanka's capital market growth said capital market experts.

Many small to medium scale corporates are eager to join the Stock Exchange and make capital gains through the equity market.

Corporates have been invited to join Stock Exchange following the high investor sentiments on the market and opportunities to raise equity in a competitive environment.

Market sources said that there would be around 12 new entries to the stock exchange by the end of the year. Renuka Agri and Ceylon Tea Brokers were the latest entrants to the stock market. The CSE is the only Stock Market in the country established under the Companies Act No. 17 of 1982 licensed by the Securities and Exchange Commission of Sri Lanka (SEC) to operate as Stock Exchange.

The Stock Exchange provides a liquid, open market for buying and selling shares and debentures of publicly owned companies.