Sri Lanka encourages people in North to invest in CSE to raise capital for businesses

Sri Dharanee Performance Arts Theatre

Dec 10, 2014 (LBO) – Sri Lanka’s Securities and Exchange Commission’s chief said that, stock market is an alternative financial tool to raise capital for business activities and therefore Northern Province should take advantage of it and derive the benefits of capital market investments. More than 250 participants including professionals, academics and the business community participated at the forum. Chairman of the SEC, Nalaka Godahewa, was quoted saying that at a investor forum held in Jaffna organized by Sri Lanka’s Securities and Exchange Commission (SEC) in collaboration with the Colombo Stock Exchange (CSE) to educate the general public on the investment opportunities available in the Capital Market.

Godahewa said that the capital market could transform savings to investment and thereby improve livelihoods.

CSE had a growth of nearly 300 percent in the market during the last five years and 27 percent growth during the current year.

According to Godahewa, the low interest rate regime will not only boost the performance of companies but also stimulate the stock market, with more investors preferring to invest in the market.

Therefore he urged investors in the Northern Province to take advantage of this scenario and derive the benefits of capital market investmen