Thursday, November 26, 2009

Investing in CSE

Investing In CSE

Anyone??? 

First of all you need to open an account in CDS to buy / sell shares. Opening an account in CDS is free. But you need to find a Stock broker to open an account.  CSE has 21 member firms authorized to buy and sell shares. 

Broker firms


Bartleet Mallory Stockbrokers (Pvt) Ltd


Level "G", "Bartleet House", 65, Braybrooke Place, Colombo 2.
Tel. 5220200, Fax: 2434985
Mr. R. Muralidaran
Managing Director


Acuity Stockbrokers (Pvt) Ltd.


Level 6, Acuity House,No. 53, Dharmapala Mawatha, Colombo 3.
Tel. 2206206
Fax: 2206298/9
Mr. Devapriya Ellepola
CEO/Managing Director


John Keells Stockbrokers (Pvt) Ltd.


130, Glennie Street, Colombo 2.
Tel. 2326003, 2338066/7, 2342066/7, 2446694/5, 2439047/8, 4-710721-4
Fax: 2342068, 2326863
Mr. Tivanka Ratnayake
CEO


Asha Phillip Securities Ltd.


Level 4, "Millennium House", 46/58, Navam Mawatha, Colombo 2.
Tel. 2429100,
Fax: 2429199
Mr. Dimuthu Abeysekera
Director/CEO


DP Global Securities (Pvt) Ltd.


3rd Floor, "Forbes & Walker Building", 46/38, Navam Mawatha, Colombo 2.
Tel 4700111, 2307366
Fax: 4700112,2307365
Mr. Deepta Ekanayake
Managing Director


Somerville Stockbrokers (Pvt) Ltd.


137, Vauxhall Street, Colombo 2.
Tel. 2329201-5, 2332827, 2338292-3
Fax: 2338291,
Ms. Shalini Dias
Director


J B Securities (Pvt) Ltd.


150, St. Joseph Street, Colombo 14.
Tel. 2490900, 077-2490900, 077-2490901
Fax: 2430070, 2446085, 2447875
E-mail: jbs@jb.lk
Mr. Murtaza Jafferjee
Chairman & Managing Director


Lanka Securities (Pvt) Ltd.


228/2, Galle Road, Colombo 04.
Tel. 4706757, 2554942
Fax: 4706767
Website:www.lsl.lk
Mr.Kosala Gamage
Managing Director


Asia Securities (Pvt) Ltd.


Level 21, West Tower, World Trade Centre, Echelon Square, Colombo 1.
Tel. 2423905, 5320000
Fax: 2336018
H.L.L.M.Nanayakkara
Managing Director


Ceylinco Stockbrokers (Pvt) Ltd.


Ceylinco House, Level 9, 69, Janadhipathi Mawatha, Colombo 1.
Tel. 4-714300, 4-714388, 4-714389, 077-891871, 0777-896064
Fax: 2387228
Website: www.ecsbl.com
Mr. Sriyan Gurusinghe
Director/General Manager


Capital Trust Securities (Pvt) Ltd.


42, Mohamed Macan Markar Mawatha, Colombo 3.
Tel. 5-335225,
Fax: 5-365725
Mr. Tushan Wickremasinghe
Managing Director


S C Securities (Pvt) Ltd.


2nd Floor, 55 D.R. Wijewardena Mawatha, Colombo 10.
Tel. 4711000,
Fax: 2394405
Mr. Harsha Fernando
Director / Chief Executive Officer


CT Smith Stockbrokers (Pvt) Ltd.


4-14, Majestic City, 10, Station Road, Colombo 4.
Tel. 2552290 - 4
Fax: 2552289
Website: www.ctsmith.lk
Mrs. Cecilia Muttukumaru
Managing Director


DNH Financial (Pvt.) Limited.


Level 16, West Tower, World Trade Center, Colombo 01.
Tel. 5732222
Fax: 5736264
Mr. Seedantha Kulatilake
General Manager/CEO


NDB Stockbrokers (Pvt) Ltd.


5th Floor, NDB Building, 40, Navam Mawatha, Colombo 2.
Tel. 2314170 to 2314178
Fax: 2314180
E-mail: mail@ndbs.lk
Mrs.Prasansini Mendis
Chief Executive Officer


Capital Alliance Securities (Pvt) Ltd.


Level 5, "Millennium House", 46/58 Navam Mawatha, Colombo 2.
Tel: 2317777
Fax: 2317788
Mr.Harinlal Aturupane
Managing Director/CEO


SMB Securities (Pvt) Ltd.


No. 47, Dharmapala Mawatha, Colombo 3.
Tel: 5539593
Fax: 5510750
Website: www.smblk.com
Mr. Nandun Jayatillake
Chief Executive Officer


First Guardian Equities (Pvt) Ltd.


32nd Floor, East Tower, World Trade Centre, Echelon Square, Colombo 1.
Tel: 5884400 (Hunting)
Fax: 5884401
Mr.Rohan Goonewardene
Managing Director/CEO


Taprobane Securities (Pvt) Ltd.


10, Gothami Road, Colombo 10.
Tel: 5328100
Fax: 5328109
Mr.Ashan Dassanayake
Chief Executive Officer


Amana Securities Ltd.


532/4 F, Srikotha Lane, Galle Road, Colombo-03.
Tel: 2372561-4
Fax: 2372565
E-mail: info@asl.lk
Website: www.asl.lk
Mr. Ahmed Ishrath Mohideen
Acting Chief Executive Officer


SKM Lanka Holdings (Pvt) Ltd


No.377/3, Galle Road Colombo 3
Tel: 0112372413-4
Fax: 0112372416
Mr. Khalil Masood
Chairman/CEO




You can get the documents from the broker firm that you need to fill to open an account. ALL you need is walk in to a broker firm with NIC.


After you opened a CDS account you can buy shares. First you need to Deposit some money to you account to buy shares. Some broker firms have minimum amount but most of them do not have a minimum amount. It depends on broker firm. 

If you interesting to trade (buy and sell) through internet you can ask you broker and they will provide you a User name and Password.
Then you can download CDAX software and trade sitting in front of your computer.
CDAX: http://www.cdax.lk/


Transaction fee 

When you buy and sell shares there is a transaction cost for that. 

Up to 1 million …. You will be charged 1.425% on your transaction.
Over 1 million… You will be charged 1.225% on your transaction this is divided as follow


For more info about transaction cost: cse.lk

Benefits of Investing in CSE 

(From CSE.lk)

• Capital Gains


This is when a share's selling price exceeds its initial purchase price. If the selling price falls beyond the purchase price, you would make a capital loss. Capital Gains are free of tax.

• Dividends


A company may decide to payout a portion of its earnings to shareholders. But companies are not required to pay dividends.

• Rights Issues


The company may extend this privilege to existing shareholders to buy shares at a specified and usually discounted price, usually in proportion to the number of shares already owned. 

• Bonus issue


Shares shall be offered to the holders of existing shares in a manner which would, if the offer was accepted, maintain the relative voting and distribution rights of those shareholders.


For more info visit : cse.lk

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