Skip to Content

Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2641

Benefits in investing in the Share Market spelled out

By Quintus Perera - Asian Tribune

Colombo, 26 February, (Asiantribune.com): A seminar on the benefits of investing in the Share Market organized by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) in association with the Securities and Exchange Commission of Sri Lanka was held at the BMICH where more than 100 entrepreneurs participated.

Ms. Surekha Sellahewa, Director General, Colombo Stock Exchange (CSE) speaking on the Benefits of Listing in the Stock Market said that by investing in the Share Market there would be opportunities to raise capital to fund new projects, undertake expansions, diversifications and for acquisitions. Through issue of debentures, right and private placements it would enable to raise further capital.

Kosala Wickramanayake, President, FCCISL welcoming the participants said that FCCISL is an umbrella organization of the Sri Lanka private sector and it has been playing a key role in promoting business and industry in the country in providing information, advise, consultation, promotion and representative services to business and government.Kosala Wickramanayake, President, FCCISL (fourth from left) addressing the stock market investment seminar. Others in the picture: from left Tissa Jayaweera, Snr. Vice President, FCCISL, Surekha Sellahewa, Director General, Colombo Stock Exchange, Nihal Fonseka, Chairman, Colombo Stock Exchange, and  Angelo Ranasinghe, Director, Bartleet Stock Brokers (Pvt) Limited. Kosala Wickramanayake, President, FCCISL (fourth from left) addressing the stock market investment seminar. Others in the picture: from left Tissa Jayaweera, Snr. Vice President, FCCISL, Surekha Sellahewa, Director General, Colombo Stock Exchange, Nihal Fonseka, Chairman, Colombo Stock Exchange, and Angelo Ranasinghe, Director, Bartleet Stock Brokers (Pvt) Limited.

The seminar he said is to build connections between large and medium entrepreneurs with whose support the country achieves greater economic progress. The present session opens up only to the Western Province entrepreneurs and through FCCISL network they hope to extend this session to other provinces in the near future.

Ms. Sellahewa continuing indicated that the successes on the Bourse are many and some of them are: Capital Reach Leasing Rs. 60.12 million in 2009; Janashakthi Insurance Rs. 396 Million in 2008; Dialog Telecom Rs. 8.55 Billion in 2005; Lanka IOC Rs. 3.58 Billion in 2004; Hemas Holdings Rs. 600 million in 2003 and Sri Lanka Telecom Rs. 3.25 Billion in 2003.

Ms. Sellahewa said that the listing methods are; offer for subscription; offer for sale; and introduction. Offering for subscription is an invitation to the public to subscribe for New Securities to be issued by the company; offering for sale in an invitation to the public to subscribe for securities already in issue and the Introduction is the direct listing of securities on the CSE without the need of an Initial Public Offering.

Listing criteria are Equity and Debentures with Main Board and Second/Diri Savi Board. She said that the listing could be through Annual Report where the Annual Report must be circulated to shareholders and to the CSE, before the expiry of six months. In the case of Interim Financial Statements: Main Board – first three quarters with two months for the end quarter and second / DIri Savi Board, prepared on a half – yearly basis and sent with two months from the end of the half year.

Angelo Ranasinghe, Director, Bartleet Stock Brokers (Pvt) Ltd spoke on Benefits of Investing in the Stock Market and Channa De Silva, Director General, Stock Exchange Commission spoke on Capital Market Regulation and Development Initiatives.

Tissa Jayaweera, Senior Vice President, FCCISL moved the vote of thanks.

- Asian Tribune -

Share this


.