Colombo Stock Exchange

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Colombo Stock Exchange in Sri Lanka: What is a Stock Exchange?

Stock Exchange (also called Stock Market or Share Market) is one important constituent of capital market. Stock Exchange is an organized market for the purchase and sale of industrial and financial security. It is convenient place where trading in securities is conducted in systematic manner.

Stock exchange is an organized market for buying and selling corporate and other securities. Here,
securities are purchased and sold out as per certain well-defined rules and regulations. It provides a convenient and secured mechanism or platform for transactions in different securities. Such securities include shares and debentures issued by public companies which are duly listed at the stock exchange, and bonds and debentures issued by government, public corporations and municipal and port trust
bodies.

Trades in the older exchanges are conducted on the floor (called the ‘trading floor’) of the exchange itself, by shouting orders and instructions (called open outcry system). On modern exchanges, trades are conducted over telephone or online. Almost all exchanges are ‘auction exchanges’ where buyers enter competitive bids and sellers enter competitive orders through a trading day.

The initial public offering of stocks and bonds to investors is by definition done in the primary market and subsequent trading is done in the secondary market. A stock exchange is often the most important component of a stock market. Supply and demand in stock markets are driven by various factors that, as in all free markets, affect the price of stocks (see stock valuation).

There is usually no obligation for stock to be issued via the stock exchange itself, nor must stock be subsequently traded on the exchange. Such trading may be off exchange or over-the-counter. This is the usual way that derivatives and bonds are traded. Increasingly, stock exchanges are part of a global securities market.

The most prestigious exchange in the world is the New York Stock Exchange (NYSE). The “Big Board” was
founded over 200 years ago in 1792 with the signing of the Buttonwood Agreement by 24 New York City stockbrokers and merchants. Currently the NYSE, with stocks like General Electric, McDonald’s, Citigroup, Coca-Cola, Gillette and Wal-mart, is the market of choice for the largest companies in America.

The third largest exchange in the U.S. is the American Stock Exchange (AMEX). The AMEX used to be an alternative to the NYSE, but that role has since been filled by the Nasdaq. In fact, the National Association of Securities Dealers (NASD), which is the parent of Nasdaq, bought the AMEX in 1998. Almost all trading now on the AMEX is in small-cap stocks and derivatives.

There are many stock exchanges located in just about every country around the world. American markets are undoubtedly the largest, but they still represent only a fraction of total investment around the globe. The two other main financial hubs are London, home of the London Stock Exchange, and Hong Kong, home of the Hong Kong Stock Exchange. The last place worth mentioning is the over-thecounter bulletin boa

Over het district Colombo

Colombo is de grootste stad en commerciële hoofdstad van Sri Lanka. Het ligt aan de westkust van het eiland en grenst aan Sri Jayewardenepura Kotte, de hoofdstad van Sri Lanka. Colombo is een drukke en levendige stad met een mix van modern leven en koloniale gebouwen en ruïnes, en een stadsbevolking van 647.100. De metropoolregio Colombo, gedefinieerd door de districten Colombo, Gampaha en Kalutara, heeft een geschatte bevolking van 5.648.000 en beslaat een oppervlakte van 3.694,20 km². Colombo is een multi-etnische, multiculturele stad. Het is de meest bevolkte stad van Sri Lanka, met 642.163 mensen die binnen de stadsgrenzen wonen. De bevolking van Colombo is een mix van verschillende etnische groepen, voornamelijk Singalezen, Moren en Tamils. Er wonen ook kleine gemeenschappen van mensen met Chinese, Portugese, Nederlandse, Maleisische en Indiase afkomst in de stad, evenals talloze Europese expats. De overgrote meerderheid van de Sri Lankaanse bedrijven heeft hun hoofdkantoor in Colombo. Enkele van de industrieën die er actief zijn, zijn chemie, textiel, glas, cement, lederwaren, meubels en sieraden. In het stadscentrum staat het op één na hoogste gebouw van Zuid-Azië: het World Trade Centre.

Over de Westelijke Provincie

The Western Province is the most densely populated province of Sri Lanka. It is home to the legislative capital Sri Jayawardenepura Kotte as well to Colombo, the nation's administrative and business center. Western Province is divided into 3 main districts called Colombo (642 km²), Gampaha (1,386.6 km²) and Kalutara (1,606 km²) districts. As Sri Lanka's economic hub, all the major local and international corporations have their presence in the city and so do all the major designer and high street retailers, so be ready to indulge in some retail therapy in western province.

Having the highest population in the all the provinces, the almost all the premier educational institutions in the island are located in western province. Universities in the province include the University of Colombo, the University of Sri Jayewardenepura, University of Kelaniya, Open University, Sri Lanka, Buddhist and Pali University of Sri Lanka, General Sir John Kotelawala Defence University and University of Moratuwa .Western province has the largest amount of schools in the country, which includes National, Provincial, Private and International schools.