Record Sri Lanka Stock Rise to Draw Share Sales, NDB Bank Says
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Sri Lanka’s stock market, the world’s second-best performer this year, may see a near threefold rise in share sales in the second half from the first six months amid rising investor demand, according to National Development Bank Plc.
“The recent high oversubscriptions of new issues show the liquidity that is available,” Vajira Kulatilaka, head of investment banking at NDB Bank, the nation’s largest non-government corporate lender, said by telephone today. “Now that the war is over, there is a lot of hope and good sentiment.”