CSE gets opening bell from Bansei Securities
Bansei Securities of Japan has gifted the Colombo Stock Exchange (CSE)
a new opening bell. The presentation coincided with the listing of
Bansei Royal Resorts Hikkaduwa on the Diri Savi Board of the CSE.
The bell presented by Bansei Securities of Japan.
Bansei Securities is a long established securities company operating
in Japan and will be a 39 percent shareholder of Bansei Royal Resorts,
The company has been trading equity, government debt and corporate
debt since July 2012 having been introduced to Sri Lanka by NWS Holdings
Bansei Securities has invested over Rs. 20 billion in Sri Lanka, in
equity and debt, in addition to being a 15 percent shareholder of Pan
Asia Bank and operating Bansei Securities Finance (Pvt) Ltd, a local
margin trading company. "Sri Lanka and Japan have had a longstanding
friendship that encompasses economic, social and cultural cooperation.
As a prudent investor in overseas markets we believe that Sri Lanka
is an ideal location for Japanese companies to channel their funds to
reap fruitful rewards, which are mutually beneficial," Bansei Securities
President Toyohiko Murakami said.
A new opening bell, is part of the CSE's efforts to reinstate the
traditions of the Stock Exchanges of old with a more transparent viewing
gallery and renewed efforts to attract visitors to the trading floor.
The CSE anticipates that this open approach will revamp the public's
perception of the Stock Exchange, to view it as a place of tradition
while also seeing it as an approachable avenue for investment. With the
advent of electronic trading, the tradition of ringing an opening bell
at the start of the trading day has declined, however some exchanges,
most notably the New York Stock Exchange (NYSE) continue the tradition.