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Friday, July 23, 2010 - 6.15 GMT |
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CSE branch
network performing well |
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The Branch network of the Colombo Stock Exchange (CSE) has recorded an exceptional growth during this year with three branches recording over a 300 percent growth in turnover and one branch recording a growth of over 188 percent.
The average daily turnover during the first six months of this year in the Matara branch is Rs 41.32 million, Kandy branch recorded Rs 39.39 million, Kurunegala branch recorded Rs 16.73 million while the Negombo branch recorded Rs 28.01 million.
The total turnover in the Matara Branch during first half of this year was recorded as Rs 4711 million while Rs 4490.5 million in the Kandy branch, CSE Business Development Manager Thushara Jayaratne told Daily News Business.
The total turnover in the Kurunegala branch recorded Rs 1907.4 million while the Negombo branch recorded Rs 3193.1 million. Three branches recorded its highest daily turnover within this year. The Matara branch recorded its highest ever daily turnover of Rs 199 million, while the Kandy branch recorded Rs 87.4 million.
The branch network of the CSE has contributed to 16.3 percent of the local individual turnover of the Colombo stock market in 2010 and seven percent of the total market turnover. During first six months of this year there is a significant growth in opening of new CDS accounts in these branches. Kandy branch has opened 907 new CDS accounts and Kurunegala has opened 449 new accounts.
The CSE has four branch offices in the Southern, Central, Western and North Western provinces. The fifth branch of the CSE was opened in Jaffna in April this year.
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