Sri Lanka, May 6 -- The Colombo Stock Exchange (CSE) remains bullish on adding 10 new equity listings to the exchange by end of this year.

While this is expected to be achieved by capitalising on the current growth momentum, some stakeholders find the target to be rather unrealistic.

"There's a target of ten new listings. We have already about three new listings in the pipeline. We are quite bullish in reaching this target," CSE Chairman and First Capital Holdings PLC Managing Director/Chief Executive Officer Dilshan Wirasekara told Mirror Business.

Wirasekara in particular highlighted that undervalued stocks are driving the growth momentum. The ASPI closed at 12,404 points last week continuing the trends of the past week in reaching i...