Investors not interested in who’s SEC Chief - Cabraal

28 August 2012 10:07 am

Central Bank Governor Ajith Nivard Cabraal said investors were not interested as to who was the Securities and Exchange Commission Chairman when they invest in the stock market.

“There is an influx of Rs.29 billion in foreign exchange in the Colombo Stock Exchange (CSE) from foreign investors,” he said. “Sale of the shares is one of the several functions of the stock market.The shares available in our stock market are reliable and investors are aware of this. That is why they are investing in a large scale. They are not concerned about the individuals holding office in the SEC.”

Mr. Cabraal said some took minor issues seriously because shortcomings could be corrected if we looked at these issues with an open mind. (Shamila Perera)