The number of institutional investors will reach the 300 mark this year with road shows and investor fora in the pipeline, a top official of the Colombo Stock Exchange (CSE) said last week.
Speaking on the sidelines of a workshop for journalists last week at the CSE, the official said the CSE is confident that the 300 mark can be achieved this year due to the good response received from the investor forum and road shows held last year across the country.
The CSE hold investor fora each year across selected districts to educate retail and institutional investors on the importance of investing in the CSE to create wealth and value for stakeholders.
The CSE will also open branches across the country to facilitate convenience and create an opportunity for potential investors to come into the capital market through the CSE.
The CSE opened a branch at Ambalantota last year, in its drive to create awareness among regional investors, schools and universities to broaden its outreach and expand the capital market. The CSE will set up the Multi Currency Board (MCB) during the second quarter this year to attract non residential investors to the Exchange.
Discussions are underway with Maldivian companies to list and trade in the MCB of the CSE according to CSE sources. He said the approval for the setting up of the MCB has been sought from the Central Bank and the Securities and Exchange Commission of Sri Lanka and added that the green light for the Board will be granted shortly The setting up of the MCB comes in the backdrop of the road-show held by the CSE, the Maldives Stock Exchange (MSE) with the Capital Market Development Authority of Maldives (CMDA) last year. Sources said the road-show was successful as many Maldivian companies showed interest in listing shares in the CSE.
The MCB which was initially intended to trade dollar denominated shares will trade in multiple currencies such as the Euro, Yuan, the Japanese Yen and the British Pound. There will be changes to the Automated Trading System (ATS) and foreign investors will have to comply with the listing rules set out by the CSE, sources said.
Speaking on the sidelines of a workshop for journalists last week at the CSE, the official said the CSE is confident that the 300 mark can be achieved this year due to the good response received from the investor forum and road shows held last year across the country.
The CSE hold investor fora each year across selected districts to educate retail and institutional investors on the importance of investing in the CSE to create wealth and value for stakeholders.
The CSE will also open branches across the country to facilitate convenience and create an opportunity for potential investors to come into the capital market through the CSE.
The CSE opened a branch at Ambalantota last year, in its drive to create awareness among regional investors, schools and universities to broaden its outreach and expand the capital market. The CSE will set up the Multi Currency Board (MCB) during the second quarter this year to attract non residential investors to the Exchange.
Discussions are underway with Maldivian companies to list and trade in the MCB of the CSE according to CSE sources. He said the approval for the setting up of the MCB has been sought from the Central Bank and the Securities and Exchange Commission of Sri Lanka and added that the green light for the Board will be granted shortly The setting up of the MCB comes in the backdrop of the road-show held by the CSE, the Maldives Stock Exchange (MSE) with the Capital Market Development Authority of Maldives (CMDA) last year. Sources said the road-show was successful as many Maldivian companies showed interest in listing shares in the CSE.
The MCB which was initially intended to trade dollar denominated shares will trade in multiple currencies such as the Euro, Yuan, the Japanese Yen and the British Pound. There will be changes to the Automated Trading System (ATS) and foreign investors will have to comply with the listing rules set out by the CSE, sources said.
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