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‘The third anti-Lanka resolution passed by the UNHRC in late March this year is having no negative impact on Sri Lanka’s share market. The market, in fact, is doing very well, Securities and Exchange Commission of Sri Lanka chairman Dr. Nalaka Godahewa said.
Speaking to The Island Financial Review in an exclusive interview Dr. Godahewa explained that he had predicted, even before the latest resolution against Lanka was passed, that it would not adversely impact this country’s share market.’We were of the view that the resolution would in no way nagatively affect our share market in the immediate or mid terms. If at all anything is to happen it would be very much later, but there is enough time before that for things to change, he said.
The chairman also said in response to a question that more and more foreign funds are entering Sri Lanka’s share market. For instance, in 2013, there was a Rs 38 billion inflow of funds to the stock market through foreigners. More and more foreign funds are enterting the market and these have been growing over the past two years in both value and numbers, he explained.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=102113
Speaking to The Island Financial Review in an exclusive interview Dr. Godahewa explained that he had predicted, even before the latest resolution against Lanka was passed, that it would not adversely impact this country’s share market.’We were of the view that the resolution would in no way nagatively affect our share market in the immediate or mid terms. If at all anything is to happen it would be very much later, but there is enough time before that for things to change, he said.
The chairman also said in response to a question that more and more foreign funds are entering Sri Lanka’s share market. For instance, in 2013, there was a Rs 38 billion inflow of funds to the stock market through foreigners. More and more foreign funds are enterting the market and these have been growing over the past two years in both value and numbers, he explained.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=102113
