Wednesday, October 27, 2010

530,000 registered account holders, but a fraction actively trade Stock exchange must widen its reach – SEC Chairperson

Securities and Exchange Commission Chairperson Ms. Indrani Sugathadasa said the Colombo Stock Exchange has to expand its reach. "The current numbers in the registry is disappointing given the potential of the country’s capital market.

She said the CSE has nearly 530,000 CDS account holders which was less than three percent of the total population of the country. However, the number of active accounts was distressing.

"Last year only 37,000 accounts have at least performed a single transaction. This year, it is 68,000. The country has a population of more than 20 million mainly based in rural areas and the CSE was working on expansion projects to capture more investors," Ms. Sugathadasa said.

The CSE has witnessed a positive growth rate after the three decade war. The market grew by 95 percent last year and 125 percent year to date, she said.

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1 comment:

Madhawa Habarakada said...

Hmm, happy that there are at least 500,000 account holders. but very sad that only 68,000 are active.