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* Sri Lanka's Colombo Bourse opens branch in Jaffna
Wed, Apr 28, 2010, 11:39 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 28, Colombo: Responding to the demand from the business community in Jaffna, Sri Lanka's main Colombo Stock Exchange (CSE) opened a branch in Jaffna yesterday aimed at providing the opportunity for the investors in the northern peninsula.

The Chairman of the CSE, Nihal Fonseka declared open the fifth branch office of the CSE on Hospital Road in Jaffna yesterday.

The government, the Securities and Exchange Commission (SEC) and the Colombo Stock Exchange are very keen that the people of the Northern Province get the chance to share in the peace dividend which is already benefiting the country, with much more benefits expected to accrue in the future, the Chairman said at the opening ceremony.

Chairman, and the Director General of the Securities and Exchange Commission Udayasri Kariyawasam, CEO's of stockbroker firms and other distinguished businessmen were present at the occasion.

Six stockbroker firms namely, Bartleet Mallory Stockbrokers (Pvt) Ltd, Asha Phillip Securities Ltd, Lanka Securities (Pvt) Ltd, Capital TRUST Securities (Pvt) Ltd, SKM Lanka Holdings (Pvt) Ltd and SMB Securities (Pvt) Ltd. commenced operations at the Jaffna branch yesterday.

Sri Lanka's tiny bourse reached record highs consecutively during the last week trading. It has gained over 22 percent so far this year becoming the second best market in Asia.

According to Bloomberg news service, Colombo Stock Exchange was the 2nd best performing stock market in the world in 2009.

CSE presently operates four branches in the Southern (Matara), Central (Kandy), North Western (Kurunegala) and the Western (Negombo) provinces.


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