CSE expects new listings in second quarter | Page 2 | Sunday Observer

CSE expects new listings in second quarter

19 January, 2020
CSE Chairman Ray Abeywardena presents a token to CIMA President Amal Ratnayake to symbolise the partnership between the two organisations. CSE CEO Rajeeva Bandaranaike and CIMA officials look on.
CSE Chairman Ray Abeywardena presents a token to CIMA President Amal Ratnayake to symbolise the partnership between the two organisations. CSE CEO Rajeeva Bandaranaike and CIMA officials look on.

The Colombo Stock Exchange (CSE) will record some new listing probably after the second quarter this year following the General Elections to be held soon, said CSE Chairman Ray Abeywardena on the sidelines of the bell ringing ceremony held last week to mark the Chartered Institute of Management Accountants’ (CIMA) centenary last year.

“We expect new listings in the CSE after the elections with some stability ensured in the country,” Abeywardena said, adding that certain rules will be relaxed in the Empower Board to encourage more companies especially tech entities to come in.

He said the recent purchase of a Rs. 22.6 billion stake in John Keells Holdings PLC by the Citi Group’s Global Markets Limited was a boost to the capital market. The transaction marked the second single largest stake to be bought in a decade.

The Chartered Institute of Management Accountants’ (CIMA) UK which was launched in 1919 marked its centenary year last year while CIMA Sri Lanka set up in 1965 turns 55 this year.

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