Capital Trust Securities, the stock broking company with the highest net capital, has been ranked No. 1 in terms of turnover of shares transacted, turnover of brokerage fees and number of transactions executed in 2010, according to the figures released by the Colombo Stock Exchange (CSE), it said in a statement.
"These are the highest amounts recorded by a stock broking firm in Sri Lanka in a single year. This is a rare occasion when a stock broking firm has emerged No. 1 in all these three areas. The significance of this achievement is even greater as 2010 was the year in which the CSE recorded the highest ever figures in all these three measures and was ranked No. 2 among the best performing stock markets in the world," Capital Trust said.
During 2010, the company achieved a turnover of Rs. 168.4 billion while the company had a market share of 15%. This trend is also continuing with the company being ranked No. 1 in the same indicators to date in 2011 as per figures released thus far by the CSE.
Moksevi Prelis, Chairman of Capital Trust Securities attributes this achievement to the "expertise, professionalism, innovation, superior customer service and inspired leadership not only of the top management but of the entire team." He also believes that "with the emphasis on integrity, compliance and good governance, combined with proactive customer service support, innovation and financial strength, the Capital Trust Group is poised for even greater expansion and growth as a strong financial services group, in the context of the expected rapid economic growth of the country and the resulting expansion and growth of the securities market."
Capital TRUST Securities is the only brokerage firm providing high quality technical analysis research, specially designed to suit the local market conditions daily, in addition to research based on fundamental analysis.
The company introduced margin trading facilities through Capital Trust Credit to retail clients with portfolios ranging from Rs. 200,000 to Rs. 1 million. In addition, the company deals with over ten margin trading providers to efficiently cater to the clients with portfolios over Rs. 1 million.
Tushan Wickramasinghe, Managing Director/CEO of Capital Trust Securities said, "Our company was formerly known for dominating local and foreign institutional and high net worth individuals’ transactions. However with the conclusion of the war against terrorists, we strategically concentrated on bringing the masses into the market. Now we open over 1500 CDS accounts per month. Today retail investors are by far the largest force in the stock market which has enabled the Colombo Stock Exchange to become the second best performing stock market in the world in 2009 and 2010."
The company has an extensive branch network which covers Kandy, Negombo, Matara, Kurunegala, Kalutara and a newly opened Jaffna branch and is planning to open a large number of suburban and provincial branches in 2011, to make stock trading popular among the urban as well as the rural investors.
Capital Trust Securities (Pvt) Ltd, formerly Lanka ORIX Securities (Pvt) Ltd, a company which commenced stock broking in 1991, came under the Capital Trust Group of Companies in July 2009. The principal business functions of Capital Trust Securities are; stock broking, internet trading, equity research and corporate finance. The company’s team of investment advisors are already serving more than 50,000 clients, including most of the high net worth individuals, major corporate bodies as well as many institutions - both local and foreign. The company is endowed with many highly trained and customer friendly investment advisors who also have successfully structured and executed many strategic transactions at the Colombo Stock Exchange.
The Directors of the company are Moksevi Prelis (Chairman), Tushan Wickramasinghe (Managing Director/CEO) and Sarath Rajapakse while the Shareholders are Tushan Wickramasinghe who holds 80% stake and Rusi Captain who holds the balance 20% stake.
source - www.island.lk
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