The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) will launch a special service to provide share prices on TV through Independent Television Network (ITN) during the stock market trading hours for the benefit of stock market investors and others interested in investing in the stock market.
Commencing from June 1, ITN will broadcast in the form of crawlers, share price updates directly from the CSE. Details of all securities that are traded at the CSE as it happens will be displayed on ITN.
The code name of the stock, the price and indication of an increase or decrease from the previous price, The All Share Price Index and the Milanka Price Index will form the crawlers that will continuously stream through the TV screen.
The crawlers will commence on market opening at 9:30 a.m. Monday through to Friday and close at 2:30 p.m. at market close. The CSE believes that this service will be a significant step in providing stock market information island-wide to those who are unable to access live stock market information through a broker office, through the internet or other means.
This service is especially targeted at the rural investor and particularly useful in supporting the market broad basing initiative of the CSE to rural areas. For the convenience of new comers to the market who are unfamiliar with the code names of the companies lists containing company codes are available free of cost with the CSE or any branch office of any stock broker. Interested parties could also write to the CSE to obtain a code list by post.
The CSE intends to further develop and improve the information content through this service in the future and investors are invited to send in their suggestions for improvements to the CSE.