Though Colombo Stock Exchange had been a top performer during 2009 and 2010, it has failed to maintain its momentum mainly due to the regulator’s interventions, analysts said.
Analysts also opine that funds available to invest in the local capital market have been diverted to numerous other investment categories.
Speaking on market movements and investor sentiments, Head of Frontier Capital Partners Nishan Sumanadeera said, Colombo stock market investors are now looking at alternative asset classes to invest and diversify the capital gains they made from the CSE, as there are investment opportunities due to the booming economy.
“Frequent regulatory changes had also made investors move away from the market and recent IPO’s had taken away large chunks of funds from the market” he pointed out, adding that people are in the lookout for more investment opportunities such as green field projects and direct venture capital investments.
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