Sri Lanka shrugs off Galleon divestment
(Repeats story first published on Nov 25 without changes)
* Chief regulator: President will win 2010 elections
* Chief regulator: Galleon's divestment "insignificant"
* Chief regulator: Galleon holds 1.2 pct of Colombo's mkt cap
(Adds details, quotes, byline)
By Nopporn Wong-Anan
SINGAPORE, Nov 25 (Reuters) - Investors in Sri Lanka's stock market .CSE should not be worried about political uncertainty ahead of the 2010 elections or hedge fund Galleon's divestment of assets in the island nation, its chief regulator said on Wednesday.
"They don't need to worry because for sure the president is going to win," Udayasri Kariyawasam, chairman of the Securities and Exchange Commission, told Reuters in Singapore. Investor confidence in the south Asian nation's bourse has been on the decline after the government on Oct. 13 announced it will hold elections by April. The market has fallen nearly 9 pct since then. Continued...
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