http://www.defence.lk/new.asp?fname=20110319_01

Remarkable growth in CSE Jaffna

The Colombo Stock Exchange (CSE) Jaffna branch which has opened last April performed remarkably and it has recorded an average daily turnover of Rs 2.6 million in 2010. The Jaffna branch has improved its daily turnover for this year to Rs 4.6 million as at end February, a Colombo Stock Exchange official told.

The total number of new Central Depository System (CDS) accounts opened last year was 640 and indicating its improvement, the total number of new accounts opened as at end February accounted to 427.

The awareness programs are being conducted by the CSE and other companies to improve the knowledge of investors in the Jaffna peninsula and to attract many customers.

Expressing on the progress of the CSE Jaffna branch, Capital Trust Securities (Pvt) Ltd Director Sarath Rajapaksa said the Jaffna branch is picking up business in an impressive manner.

"Our team has encouraged most of our clients for online trading during the awareness programs conducted and we are promoting laptop and internet facilities among our clients in collaboration with other private entities" he added.

Bartleet Mallory Stockbrokers Director Sujeewa Peiris said there is a significant increase in its business since its commencement in Jaffna. The company has shown a growth in terms of the number of CDS accounts opened, generating of turnovers, and volumes.

"It is important to expand further off the Jaffna town and find large-scale investors who like to invest in the capital market. So we have recruited more employees and investment advisors to the company" Peiris added.

"The number of online trading has increased commendably and the number of investors registering under the online trading system also shows a growth" he further added.