|S&P SL 20||3917.64||3870.42||1.22|
|Market Cap (LKR bn)||3003||2975|
To start trading in Colombo Stock Exchange, you need to open a CDS account with us. Once you have setup your account, you can then place share trades with your investment advisor who will execute it on your behalf or you can directly place orders thorough our online trading platforms.
Once you receive your CDS Account Confirmation you may deposit funds to BOC Corporate Branch bearing account Number- 618 stating your Account Number in the deposit slip and fax a copy to +94-11-4706767.
To retain the sales proceeds of your share transactions in the share trading account, you need to forward us the “Hold Sales Proceeds Form”
Depending on the information available with CDS at the time of submission of the account form, dividends or cash entitlements will either be remitted to the respective bank accounts or posted to the registered address held in CDS.
And if you need to add/change your Dividend Instructions a letter requesting of such change is required.
Your entitlement will be directly credited to your securities account in CDS
The Exchange is open for continuous trading from Monday to Friday from 9.30 a.m. to 2.30 p.m. The trading sessions are as follows:
|Open Auction Call||9.00-9.30||Monday – Friday (Except Public Holidays)|
Open Auction Call
During open auction call (9.00 am to 9.30 am) the system accepts orders. These orders can be amended and cancelled during this session. However, no trades take place during this stage. Orders during this period are held in the ATS and will be forwarded to the execution engine at Regular Trading session, and at 9.30am the system starts matching orders according to the algorithm. It establishes the opening price and determines the orders to be executed according to the rules for the open auction call session.
During regular trading (09.30 am to 2.30 pm) new orders are continually matched to existing orders in the order book. If an order cannot be executed, it is stored in the order book.
Market closes at 2.30 pm.
In the event the S&P SL20 Index (or the index that may replace the S&P SL20 in the future) drops by 5% within the day from the previous market day’s close, a “Market Halt” will be imposed on all equity securities for a period of 30 minutes. In case if the above scenario takes place at 2.00pm or later, the market will be halted and closed at 2.30pm. This is effective from 2nd January 2009. Market wide index based circuit breakers are imposed by stock exchanges to halt trading of equity securities in order to provide a "cooling off" period when there is an unusual movement in the index. Broker Firms may cancel any pending orders during the "Market Halt". However Broker Firms cannot enter new orders or amend pending orders during the "Market Halt".
|Transaction up to LKR 50mn (>USD c.0.4mn)|
|Share transaction levy||0.300%|
|Transaction over LKR 50mn (<USD c.0.4mn)|
|Minimum Brokerage Fees||0.2000%|
|Share transaction levy||0.3000%|
Colombo has a fair reputation internationally as a well-regulated market. Investor protection operates on two tiers. Investors can lodge a complaint if they believe that they have been unfairly treated. The complaint should in the first instance be made to the Compliance Officer of the Member Firm. If the investor is dissatisfied with the decision of the member firm, the investor can refer the complaint to the Exchange and as a third recourse, he/she can refer the complaint to the Securities and Exchange Commission.
The CSE and the Securities and Exchange Commission both have surveillance divisions that track market movement to identify evidence of insider trading, front running, churning, etc. Inquiries are conducted and, if necessary, the offenders can be charged under the Securities and Exchange Commission Act. The market surveillance system with a database of trading records maintains details of transactions and enables investigations into market manipulations.
A settlement guarantee fund and a compensation fund are in place. Additionally stockbrokers also provide a cash deposit and a bank guarantee to the CSE to be used in the event of a settlement failure. In addition to this the brokers are also required to be sufficiently liquid and to maintain minimum levels of net capital to minimize settlement failure.
Remember, Investment means that your capital is at risk and the value of investments can fall as well as rise and you may get back less than you initially invested. Past performance is no guide to future performance.