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Thursday Nov 21, 2024
Wednesday, 9 August 2023 03:11 - - {{hitsCtrl.values.hits}}
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| State Finance Minister Shehan Semasinghe |
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| CSE Chairman Dilshan Wirasekara
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The Colombo Stock Exchange and stock broking firms are taking the lead in attracting portfolio investments from India via “Invest Sri Lanka” forum in Chennai today and in Mumbai on Friday.
“Invest Sri Lanka” is a series of forums organised by the CSE in partnership with stock broker firms, to promote foreign portfolio investment into the Sri Lankan stock market by showcasing investment opportunities in leading Sri Lankan listed companies.
The investor forums have previously conducted in key foreign markets, including the UK, USA, Australia, New Zealand, UAE, India, Switzerland, Hong Kong, and Singapore.
CSE said in association with the Confederation of the Indian Industry (CII) and stock broker firms, it will be hosting Investor Forums in India, in Chennai on 9 August 2023 at the Taj Coromandel Hotel and in Mumbai on 11 August 2023 at the Taj Lands End Hotel, to attract portfolio investments into the Sri Lankan capital market.
The decision to reactive the Invest Sri Lanka Investor Forums was made with a view to increase foreign investor inflows to Sri Lanka. Presently, with the Colombo bourse is extremely competitive relative to its peer markets in the region, in 2022 and 2023, the CSE also had witnessed positive net foreign inflows. The main market index the All-Share Price Index (ASPI) has increased by 36% YTD.
The State Finance Minister Shehan Semasinghe, will deliver the keynote speech at the forums in Chennai and Mumbai.
The Sri Lankan delegation, including senior representatives of CSE, SEC, Central Bank of Sri Lanka (CBSL), and representatives from 16 Stockbroker firms, would be part of the delegation at both forums, to make a collective case for Sri Lanka as an attractive investment destination.
The forums will consist of multiple sessions on the country’s present economic outlook, market analysis and investment opportunities in the Sri Lankan Stock Market.
There will also be a panel discussion at both forums with the participation of the State Finance Minister Sri Lanka, CSE Chairman Dilshan Wirasekara, CBSL Director Research Dr. P.K.G Harischandra, and SEC Director General Chinthaka Mendis, moderated by CSE CEO Rajeeva Bandaranaike.
The Platinum Sponsors for both Chennai and Mumbai forum are Asia Securities and First Capital Holdings PLC, while Almas Equities is as a Gold Sponsor for the Mumbai forum. The Support Partners for the forums are the Ceylon Chamber of Commerce (CCC) and the Board of Investments (BOI).
