Sri Lanka's prolonged peace dividend

Sri Lanka's SEC chairman explains why his country's stock market will continue to grow strongly, driven by privatisations and the introduction of Reits and derivative products.

Colombo's stock market has been on fire since Sri Lanka’s civil war ended.

From $3.7 billion at the end of 2008 the country’s market capitalisation has grown five-fold to almost $24 billion now, according to CIMB research. In that time, it has been the world’s second-best performing market, putting on almost 400%.

For Nalaka Godahewa, chairman of the Securities and Exchange Commission of Sri Lanka, that is just the beginning. By 2020, he expects the total value of companies listed on the Sri Lanka stock exchange to be nearer $100 billion, with government privatisations at the forefront of a new listings drive.

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