Stock market activities are likely to pick up during the first two months of 2019, senior investment advisor at Sampath Securities said.
Speaking on current lackluster market activities, he stressed the need to maintain political stability, stable business environment to encourage more foreign investment in the stock market and to sustain the market growth.
“It is important that we also drive the local investor; so that we can cushion the impact of foreign investors when they exit the market.
Unfortunately, our local institutions are not that active,” he said. At present, the market is subsided due to the lack of local investor participation, it is the foreigners who have been active over the last couple of years,” he said.
“It is very important that our local institutes, the private sector, high net worth investors and retailers get active in the market now, to sustain the market growth.”
However, the market has witnessed an upward trend in terms of local retail investor participation following the recent political changes which took place in the latter part of October, this year.
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