Lanka Orix Securities opens branch in Kandy

The Lanka Orix Securities (LOSEC) is expanding its operations with a branch in Kandy as turnover reaches record levels on the Colombo bourse. The new branch will cater to the growing market segment of retail investors with value added services such as internet trading.

Equipped with many automated trading computers and data viewers, LOSEC has the capacity to accommodate fifty clients at its premises. Investors in Kandy will get more opportunities of investing in the increasingly profitable share market, Kandy Mayor, Kesara Senanayake said at the opening ceremony.

We are confident that our experienced team will provide superior investment advice," LOSEC, Chairperson, Rohini Nanayakara said. The Kandy branch is headed by Nishantha Jayasundara who has an MBA from the University of Western Sydney and has twelve years experience in Capital Markets.

Retail clients who usually invest between a Rs.100,000 and Rs.500,000 have been the mainstay of the Colombo stock market as the composition of investors has become predominantly local with foreign ventures decreasing their investments in Colombo.

Local investors account for approximately 80 per cent of turnover on the Colombo Stock Exchange while more than 7.5 per cent of total turnover was contributed by its Kandy branch in 2004.

The new branch is located at Ceybank House, 88, Dalada Veediya, Kandy. LOSEC has been in operation since 1991 and caters to a diverse client base of institutional investors, retailers, high networth individuals, corporates and foreign investors.