Sri Lanka Equity Forum celebrates two years of success

Tuesday, 29 November 2011 01:12 -     - {{hitsCtrl.values.hits}}

Having launched Sri Lanka’s first-ever equity investments and financial information portal, Sri Lanka Equity Analytics ( recently celebrated its successive second year of operations by reaching the milestone of 5,000 registered online memberships and over five million hits.

Sri Lanka Equity Analytics is a financial portal designed to address varying needs of the investment community of Colombo Stock Exchange (CSE) and had been live since July 2009. The Portal is already gaining momentum among international investors to attract equity investments to Sri Lanka according to company’s officials.

Sri Lanka Equity Forum had been grown steadily with over 80,000 articles relating to the Colombo stock market and boasts over 500 live members during active trading hours. In addition to the live discussion forum, Sri Lanka Equity Analytics has ventured into other ancillary services such as to equity research, live broadcasting of stock market events via live streaming TV, web based news and travel information and expected to launch first-ever virtual stock market simulation game based on live stock market data.

“We are very proud to say that Sri Lanka Equity Forum had become the country’s No. 1 stock market news and live discussion platform for equity investments in Sri Lanka with strong base of social network,” said the Administrator of the Forum Loren Quibit.

She further noted that the forum itself had been reflecting the true investor sentiments in Sri Lanka and many instances have given right signals to its members. “This was evident in posts and replies made by members,” Quibit added. “We need to emphasise that this is only the beginning, as we move along we will add more features and information. This will eventually make the array of information on the portal bigger and better,” she said.

There are many people who had benefited from the Sri Lanka Equity Discussion Forum. “I have been one of the keen followers of Sri Lanka Equity Forum. I must confidently say that this Forum has helped me to enhance my knowledge on stock market investments. Thanks to Sri Lanka Equity Forum I have made reasonable income much more than bank interest from the Colombo Stock Market,” said Samantha Jayasuriya, who trades from Anuradhapura.

Since 2008 the local individual investor contribution to Colombo Stock market turnover increased from 22% to 44% in 2010 and Sri Lanka Equity Analytics had been one of the driving forces that mustered retailers to connect with market and the large investors according to analysts.

Members highlight that the forum helps the retail investor through its well structured categories and sub-domains which provide stock market research, fundamental and technical analysis with the support charts and graphs, expert analysis and member help section. Further, there are separate sections to keep the astute investor community entertained during off market times with poems, sonnets, songs and riddles about the country’s listed stocks. The forum had developed with many local and foreign moderators in different time zones such as the United States of America, United Kingdom, India, Malaysia and Australia to monitor the activity around the clock. This forum itself could be described as a free resource centre platform that could be helpful for financial and research analysts, investment advisors to identify, study and analyse investor sentiments on the market and stocks, a top analyst said from the industry.

“The forum is a tool for financial journalists to get their scopes and master the headlines in print and electronic media as well,” another member of the forum Janith Wijenaike said.

 “We are very excited about our Sri Lanka Equity Forum launch and we hope to provide quality information to the very active and enthusiastic investment community here in Sri Lanka,” said Dylan Koelmayer, the Head of Information Technology at Sri Lanka Equity. Founded by a team of professionals with many years of experience and expertise in the equity and capital markets and journalism in Sri Lanka; with the launch of the; that was deployed by Colombo-based Global Media Networks Ltd. for the Colombo Stock Exchange (CSE) acts as a real time data vendor and a hub that connects retailers and big time investors at CSE.

The Sri Lanka Equity Forum further keeps Sri Lankan investors connected via the other features such as RSS feeds, email alerts, Twitter and Facebook. Sri Lanka Equity Forum also provides a free Short Message Service via mobile operations in over 100 countries including Sri Lanka to keep the global investors updated with latest information about the CSE.