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| Sunday, 11 January 2004 |
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| News Business Features Editorial
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No. 1 stockbroker of 2003 John Keells Stock Brokers (JKSB) retained the Number One spot for the second consecutive year in the Sri Lankan broking industry in 2003, playing a significant role in elevating turnover to record levels at the Colombo Stock Exchange (CSE) during the year. While maintaining its pre-eminence in the domestic market, the company also played a dominant role in attracting overseas investors to the local bourse, achieving the Number One rank on foreign brokerage. The US$ 60 million acquisition of Asian Hotels Corporation by John Keells Holdings last September was transacted through JKSB. This is the largest transaction recorded at the Colombo bourse, helping push CSE turnover during the month to Rs. 16.5 billion, the highest monthly turnover of its history. The resurgence in confidence at the Colombo bourse spurred new listings during the year. JKSB played a key role in promoting new issues and a 16.4 per cent share in the Rs. 3.3 billion Sri Lanka Telecom Offer for Sale and a 12.1 per cent share in the Hemas Offer for Sale. In addition, JKSB played an active role in the US$ 30 million John Keells Holdings Private Placement. The company policy of retaining and training personnel during the slack years paid rich dividends during the year, enabling JKSB to leverage on a vastly experienced sales and research team to provide excellent service levels to its clientele. JKSB also has an efficient and effective IT system and back office staff to enable the company to serve their clients better. In addition to pure equity broking, JKSB has commenced corporate finance activities including listings and financial advisory services. JKSB is confident that these 'value additions' will give a new dimension to the existing financial services already provided by the company. |
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| Editorial | Security Produced by Lake House |
