is this the reason ???
Over 100 Fund Managers to participate in Sri Lanka Stock Exchange road shows in Singapore, Malaysia
Nov 27, 2011 (LBT) – Over 100 Singaporean and Malaysian Fund Managers have confirmed participation in the road show which will be hosted by the Colombo Stock Exchange there on Tuesday (29) and Wednesday (30), Colombo Stock Exchange Chairman Krishan Balendra told LBT.
The two day road show which will be hosted by the Colombo Stock Exchange will be at the Ritz Carlton Millennia in Singapore on Tuesday and the Mandarin Oriental Hotel in Kuala Lumpur and over 100 Fund Managers have confirmed their participation This will be a very good exposure for Sri Lanka’s capital markets, he said.
The idea of the road show is to spell out Sri Lanka’s growth story and make a case for the strength of the Colombo Stock Exchange for foreign investors in the aftermath of the cessation of hostilities and the growth potential in the country, he said.
Central Bank Governor Ajit Nivard Cabraal will deliver a presentation and Balendra will deliver a presentation on the prospects for capital markets in Sri Lanka at both the Singaporean and Malaysian presentations. The welcome address for the Singapore road show will be delivered by Sri Lanka’s High Commissioner in Singapore Ferial Ashraff.
The two road shows will be sponsored by the Sri Lankan High Commission in Singapore and CIMB Bank, Malaysia respectively. One of the two partners of the CIMB Colombo operation is Alex Lovell, who is has a Fund Management company there and who is also Deputy Chairman of Sri Lanka’s Union Bank as well.
There will also be presentations at both road shows which will be done by some selected blue chips which includes: John Keells Holdings, Commercial Bank, Sampath Bank, Hatton National Bank, Dialog Telekom and the new kid in the block- People’s Leasing and others.
He said that the local road shows that were hosted countrywide in collaboration with the Securities and Exchange Commission were also resounding successes and created lots of interest and awareness among the local investors.
Asked what the CSE was doing to arrest the downward trend in the market, he said that markets rose and markets dwindled, but the mandate of the Exchange was to create the platform for investment.