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Sri Lanka's SEC Chairman says it is the right time to invest
Fri, Apr 2, 2010, 12:39 pm SL Time, ColomboPage News Desk, Sri Lanka.
Apr 02, Colombo: Sri Lanka's Securities and Exchange Commission (SEC) Chairman Udayasri Kariyawasam says now is the best time to invest in the country's capital market.
Kariyawasam told the media yesterday (01) the over subscription of the newly listed companies was a clear indication for both investors and unlisted companies that the time is right to invest.
The Chairman noted that with future predictions of improvements in terms of interest rates and inflationary trends it is time for investors to grab their shares now without delay.
He also noted that the Colombo Stock Exchange's record breaking achievements in the last year was due to the peace prospects, increased political stability with the presidential election victory and an expected victory for the incumbent government at the April 8 general election.
Kariyawasam called on listed companies to release some of their shares to the public as this could also serve as a suitable opportunity to gain from a Rights Issue without holding back.
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