Oct 10, 2013 (LBO) - Sri Lanka is targeting 400 companies to be listed by 2016 from the current 288 Securities and Exchange Commission Chairman Nalaka Godahewa said.
Godahewa said he expected this year's foreign investment flow in the stock exchange to rise to total 30 billion rupees. Already 20 billion had flowed in.
Foreign investors who sold out during a credit driven stock bubble which ended in 2011 has started to come back with more attractive valuations.
Godahewa said investment meetings were planned with the Colombo Stock Exchange for Singapore in November and London and New York in the first quarter of 2013 to promote stocks to foreign investors.