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Many investors entering Stock Market:
Capital market needs more professionals
Charumini de Silva
More professionals will be needed in the capital market as many
investors enter the stock market during the peak time of the CSE. More
investment advisors are needed as the market has shown a positive
growth, Colombo Stock Brokers’ Association, Chairman, Sriyan Gurusinghe
told Daily News Business.
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Exchange in Jaffna soon
The SEC is planning to set up a
branch of the Stock Exchange in Jaffna soon. SEC Director
General, Channa de Silva said looking at the possibilities in
the market they are keen to start a branch of the Stock Exchange
in Jaffna while advising stockbrokers to encourage more
investors to enter the stock market from all parts of Sri Lanka.
With the dawn of peace more youth and women participation in the
stock market is essential.
The CSE has introduced internet trading to make trading easy
which will directly help to improve the market, he said. He said
the current benefits of the market will be shared across the
country and the stock market activities will expand further.
Within the next few months there will be more investors from the
North and the Eastern provinces. |
At present there are over 200 licensed investment advisors in the CSE
and to continue the upward momentum of the market, we will definitely
need more investment advisors, he said.
“We would need new education programs continuously to uplift the
quality and the standards of these market professionals.
The standards of market professionals are improving daily and with
more investors entering the market we need qualified manpower to cater
to the demand, he said.
Securities and Exchange Commission of Sri Lanka (SEC), Financial
Services Academy (FSA), Director Dr. Dissa Bandara said. “We have five
professional programs to support the capital market under the FSA.
We commenced the FSA last year with the objectives of attracting more
educated professionals and to attract educated and trained professionals
to the capital market.”
The SEC is keen on introducing several capital market products in
2010 and therefore, professionals should be acquainted with the latest
instruments.
Under the FSA we have developed well-organized educational material
for students and as the highest authority to provide a professional
education we assure the recognition of all five programs, he said.
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