fld<U fldgia fjf<`ofmd<

fldgiaj, wdfhdackh
 1 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh

fm<.eiau

fldgia fjf<|fmd< ;=< Tfí wdfhdackh 2

fld<U fldgia yqjudrej 3
wm wd .uka u`. 3
,ehsia;=.; ùfï wjldY 6
fld<U fldgia yqjudrej ;=< .kqfokq jk iq/l=ïm;a j¾. 6
wdfhdaclhka fldgia ñ, È .kafka wehs@ 8
idx.ñl l%shdldrlïj,g Tn m%;spdr ±laúh hq;af;a flfiao@ 9
wjodku iy m%;s,dNh 11
nqoaêu;a wdfhdaclhka ms<sn|jhs'''' 11
fldgia wdfhdackh ms<sn|j ie,lsh hq;= foa 13
fldgia f;dard .ekSu 14
f;dr;=re yd jd¾;d ,nd.ekSu 15
m%d:ñl fjf<|fmd<$Primary Market 16
oaù;Shsl fjf<|fmd<$Secondary Market 19
Tfì wdfhdack wruqK Tn yÿkdf.k ;sfìo @ 20
wdfhdackh lsÍu 22
fldgia ñ,§ .ekSug fyda úlsKSug fmr Tn ±k .; hq;= lreKq 24
Tn úfoaY.;ù isák Y%S ,dxlsl wfhdaclfhl= o@ 26
fjf<|fmd< yeisÍu yd tys miqìu 27
fjf<|fmd< iajNdjhka 30
Tnf.a fldgiaj, l%shdldÍ;ajh fldhs wdldro@ 30
fldgiaj, wdfhdackfha§ Tn j¾Okh lr.; hq;= l=i,;d 31
idudðl ;e/õldr wdh;k 34
wfkl=;a ;e/õldr wdh;k 35
Kh iq/l=ïm;a .Kqfokq lrk idudðl wdh;k 36
Ndrldr nexl= wdh;k 36
fldgia fjf<|fmd< ;=< Tfí
wdfhdac kh
wdfhdackh hkq'''''''
wkd.;fha hï lsis m%;s,dNhla wfmalaIdfjka
j¾;udkfha uqo,a ^b;=reï&" fN!;sl fyda uQ,H
j;alï j, fhoùu wdfhdackh hkafkka woyia
flf¾' fï wkqj wdfhdackh hg;g hka;% iQ;%"
r: jdyk" bvï" f.dvke.s,s jeks fN!;sl
j;alïj, uqo,a fhoùu yd uQ,H j;alï j,
uqo,a fhoùu hk fofldgiu wh;a fõ' iud.ï
fldgiaj, uqo,a fhoùu uQ,H j;alul uqo,a
wdfhdackh lsÍuls' fkdtfia kï iud.ul
fldgia hkq uQ,H WmlrKhls'
mqoa.,hka fyda wdh;k fyda wdfhdackh lsÍu
u.ska fndfyda úg wfmalaId lrkafka uQ,slju
;u Okh j¾Okh lr.ksñka m%;s,dNhka
w;am;alr.ekSu jqj;a b;du id¾:l
wdfhdaclhd jD;a;Suh ixj¾Okhla fukau
±kqu" wdl,am" l=i,;d wd§ ish¨ wxYhkays
m%j¾Okhla o w;am;a lr.kS' ta wkqj jvd;a
mq¿,aj wdfhdackh i,ld n,k l<" th" ;u
fN!;sl" udkj yd ish¨ nqoaêuh iïm;a wkd.;
iqnjd§ ±lau Wfoid fufyhùuls'
fldgiaj, wdfhdackh
wdfhdackh lsÍfï§ úúO ud¾. yd iïm;a Ndú;
l< yels jqj;a uQ,Huh iïm;a ke;skï uqo,a
wdfhdackfha§ wfkl=;a wdfhdack ud¾. j,g
idfmalaIj fldgiaj, wdfhdackh jeä m%;s,dN
f.fkkakla nj Tn fï jk úg;a ±kqj;aj
isák ldrKdjla úh yelsh' wkd.; uQ,Huh
m%; s,dN wfmalaIdfjka j¾;udkfha fldgia ñ,§
.ekSu i|yd lrkq ,nk jeh lsÍu fldgiaj,
lrkq ,nk wdfhdac khls'
fuys§ wdfhdaclhd" ;ks mqoa.,fhl=" rdcHhla
fyda wdh;khla úh yelsh' fuf,i fldgia
wdfhdackfha§ ;u wNsu;h mßÈ fldgia
fjf<|fmdf<ys ,shdmÈxÑ ´kEu iud.ul
fldgia ñ,§ .;yels w;r th wfkl=;a
wdfhdack ud¾.hkag idfmalaIj by<
wjodkulao orkq ,nk ld¾hhla nj u;l
;nd.; hq;=h'
fld<U fldgia yqj udrej (CSE)
fld<U fldgia yqjudrej Y%S ,xldfõ tlu
fldgia yqjudrej f,i l%shd;aul jk w;r
tu.ska iud.ï j,g iy wdfhdaclhkag yuqùu
i|yd wjYH úksúo fmfkk iy úêu;a
mßirhla ilia lrhs'
fld<U fldgia yqjudrej, Ys% ,xldj ;=,
fldgia yqjudrejla f,i ls%hd lsrSu i|yd Ys%
,xld iqrel=ïm;a yd úksuh fldñiu u.ska
n,m;% ,dnS wemfhka iSñ; iud.ula f,i Y%S
,xld iud.ñ ks;sh hgf;a ia:dmkh fldg we;'
j¾;udkfha fld<U fldgia yqjudrej"
fjf<|fmd< ls%shdlre f,i;a, tys mQ¾K
ysñldß;ajh iys; —uOHu ;ekam ;= l%uh˜
mqoa.,sl iud.u" mshùñ yd ksYaldIK l%shdlre
f,i;a myiqlï iemhSfï ksr;ù isá'
ol=Kq wdishdkq l,dmh ;=< ksYaldIKh yd
mshùï lghq;= iys;j ;ekam;= wdh;khla
msysgjQ m<uq fldgia fjf<|fmd< fld<U
fldgia yqjudrejhs' 1991 oS fuys ksYaldIKh yd
mshùï iïmQ¾K iajhxl%Sh moaO;shlg id¾:lj
wkq.; lrk ,os'
tfukau fld<U fldgia yqjudrej fjf<|fmd<
i|yd wjYH kshdukh" fr.=,dislrKh"
ixia:dms; ,ehsia;=.; iud.ï w;r m%ñ;Ska
y÷kajd§u yd mj;ajdf.khdu iy
wdfhdaclhskag wjYH ±kqïj;aNdjh ,nd§u
isÿlrhs'
tmuKlao fkdj fld<U fldgia yqjudrefõ
l%shdldß;ajhka w;r ndysr md¾Yajhka iu`.
mj;ajk iïnkaO;d b;d jeo.;a ia:dkhla .kS'
.kqfokqlrejka" ysñ lrejka tkï úúOdldrfha
iq/l=ïm;a ksl=;a lrk wdh;k ^iud.ï"
ixia:d" tall Ndr&" jd◊Ksc nexl=" wdfhdack
nexl=" wruqo,a l<ukdldrejka" fldgia
;e/õldr wdh;k" uQ,H WmfoaYlhka"
fjf<|fmd< o;a; úl=Kqïlrejka iy
wdfhdaclhska wd§ ishÆ md¾YAj iu`. fld<U
fldgia yqjudrej in|;d mj;ajhs'
 3 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
wm wd .uka u`.'''''
Y%S ,xldfõ fldgia .kQfokq wdrïNh 19 jk Y;
j¾Ih f;la Èjhhs' j;= iud.ï úiska ;u
iud.ï fldgia ksl=;a lsÍu ;=,ska 1896 jarIfhaoS
,xldfõ fldgia fjf<|fmd<la nsys jSu
iksgqyka úh. ld,h .;ùu;a iu. úúO
ikaêia:dkhka miq lrñka 1985 § úêu;a
iq/l=ïm;a fjf<|fmd<la f,i msysgqjkq ,ÿj
th fld<U iq/l=ïm;a yqjudrej˜ f,i yÿkajk
,§' bkamiq 1990 isg —fld<U jHdmdr jia;=
yqjudrej˜ f,io j¾a;udkfha ‘fld<U fldgia
yqjudrej’ f,io ye|skafjS.
fld<U fldgia yqjudrefõ
ikaêia:dkhka
• 1896 - fldgia ;e/õlrejkaf.a ix.uh
(Share Brokers Association - SBA) hgf;a
fldgia .kqfokqùu wdrïN úh'
• 1904 - fld<U fldgia ;e/õlrejkaf.a
ix.uh" fld<U ;e/õlrejkaf.a ix.uh
(Colombo Brokers Association - CBA)
f,i ku fjkia lsÍu'
• 1984 - fld<U ;e/õlrejkaf.a ix.uh u.ska
m%isoaO .kqfokq lghq;= lsÍug N+ñhla
ia:dmkh lrk ,o w;r —y~ .d újD; ,kaiq
;eîfï l%uh˜ (Open Outcry System)
yÿkajdfok ,§'
fuu jif¾ iema;eïn¾ udifha fldgia
;ereõlrejkaf.a ix.uh (Stock Brokers
Association) kñka ixúOdkh jQ lKavdhula
fld<U ;ereõlrejkaf.a ix.uh úiska
wdrïN l< fjf<| N+ñhg wu;rj iy
;r.ldÍ jYfhka fjk;a fldgia fjf<|
N+ñhla wdrïN lrk ,§'
• 1985 - fld<U ;e/õlrejkaf.a ix.uh yd
fldgia ;e/õlrejkaf.a ix.uhkays fjk
fjku msysgqjd ;snQ .kqfokq N+óka tlg tla
fldg wemfhka iSñ; iud.ula f,i ‘fld<U
iqrel=ïm;a yqjudrej’ (Colombo Securities
Exchange (GTE) Limited) msysgqùu'
• 1986 - fld<U iq/l=ïm;a yqjudrej
cd;Hka;r fldgia yqjudre ix.ufha (FIBV)
idudðl;ajh ,nd .ekSu'
• 1987 - wxl 36 orK iq/l=ïm;a iNd mk;
hgf;a ^ixfYdaê; iq/lïm;a iy úksuh
fldñIka iNd mk;& m%d.aOk fjf<|fmd<
kshdukh ia:dmkh lsÍu'
• 1988 - fld<U ;e/õlrejkaf.a ix.ufha wkq
kS;s fjkqjg ,ehsia;=.; iud.ï ms<sn |j kj
kS;s ia:dmkh lsrSu.
• 1989 - kj .kqfokq lsÍfï N+ñhla yd kj
úlsKSfï fldkafoais yÿkajd §u'
m%Odk
• 1990 - fld<U jHdmdr jia;= yqjudrej
(Colombo Stock Exchange) f,i ku
fjkia lsÍu' wdfhdack ,sys,a lsÍfï m%;sm;a;s
u; úfoAYslhkaf.ka fldgia ñ, § .ekSu
i|yd mkjd ;snQ 100] l foam< mejreï noao"
wfydais lsÍu;a" úfoaY wdfhdaclhkag fldgia
ñ,hg .ekSu i|yd rg ;=<g uqo,a f.k taug
yd fldgia fjf<|dfï w;ßla;hla wdmiq
f.k hdug;a tfrysj mkjd ;snQ úksuh
md,k kS;s ,sys,a lsÍu;a lemS fmfka'
• 1991 - uOHu ;ekam;= l%uh ia:dmkh lsÍu iy
ta u.ska ksYaldIKh iajhxl%ShlrKh lsÍu'
• 1992 - fldgia .kqfokq i|yjQ m%d.aOk ,dN
noao wfydais lsÍu'
• 1994 - ;e/õldr wdh;kj,g wkql+,;d
ks,OdÍka (Compliance Officer) yÿkajd §u'
• 1995 - uOHu ;ekam;= l%uh Wiia lsÍu'
fld<U jHdmdr jia;= yqjudrej f,dal fjf<|
uOHia:dk f.dvke.s,af,a ia:dmkh lsÍu'
mjrd.ekSfï yd taldnoaOùfï kS;s yÿkajd
§u'
• 1996 - Y%S ,xldfõ fldgia .kqfokq lsÍfï Y;
ixj;airh ieuÍu'
,ehsia;=.; fkdlrk ,o fldgia i|yd
w;amsg fjf<|fmd<la yÿkajd§u' m%Odk
mqjrej yd fojk mqjrej f,i mqjre folla
yÿkajd§u'
 4 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
fld<U fldgia yqjudrej cd;sl wxlkh
lsÍfï ksfhdað; iuQyh u.ska Y%S ,xldfõ
cd;sl wxlkh lsÍfï ksfhdað;hd f,i
m;alsÍu'
• 1997 o;A; mqjrejla iys; iajhxl%Sh .kqfokq
l%uh (ATS) yÿkajd§u'
mshjqï iy;sl wruqo, yd jkaÈ wruqo,
msysgqùu'
• 1998 - fld<U fldgia yqjudrej" f,dal
fldgia yqjudre ix.ufha (World
Federation of Exchanges / WFE) 52 jk
idudðlhd f,i we;=<;a lsrSu '
uOHu ;ekam;= l%uh (CDS)" wdishdkq
Ydka;slr l,dmSh uOHu iq/l=ï iuqyfha
(Asia Pacific Central Securities Depository
Group/ACG) idudðl;ajh ,nd .ekSu'
• 1999 - ñ,xl ñ, o¾Ylh (MPI) - yÿkajd§u'
fld<U fldgia yqjudrefõ m<uq YdLdj
ud;roS ia:dms; lsÍu'
• 2000 - ol+Kq wdishdkq fldgia yqjudre
tluq;=j (SAFE) msysgqùu'
• 2001 - fldgia Khg .ekSu yd Khg §u
yÿkajd §u'
fld<U fldgia fjf<|fmd< N+ñfha uyck
ueÈßh h<s újD; lsÍu'
• 2003 - uykqjr YdLdj újD; lsÍu'
• 2004 - fldgia yqjudrej u.ska ish`M m%;s,dN
o¾Ylhka (TRI) yÿkajd §u'
Kh iq/l=ïm;a .kqfokq lsÍu i|yd
kj.kqfokq moaO;shla (DEX) yÿkajd §u'
• 2005 - l=reKE., YdLdj újD; lsÍu'
fld<U fldgia yqjudrefõ kj ks, ,dxPkh
yÿkajd §u'
• 2006 - fldgia yd Kh iq/l=ïm;a .kqfokq
lsÍu i|yd kj fjf<| idudðl wdh;k 5 la
,shdmÈxÑ ùu'
• 2007 - ó.uqj YdLdj újD; lsÍu'
fldgia .kqfokq i|yd mshjqï ld, pl%h
.ekqïlre iy úl=Kqïlre hk
fomd¾Yajhgu T+3 (tkï .kqfokq Èfkka Èk
3la f;la) f,i fjkia lsÍu'
fld<U fldgia yqjudrefjS ks, fjns wvjsh
www.cse.lk osh;a lsrSu .
• 2008 - iajhxl%Sh fjf<|fmd< m%ùlaIK
(Automated Market Surveillance) l%uhla
yÿkajd §u'
• 2009 - f,aLk.; lsÍfï kj kS;s yÿkajd §u'
uyck ueÈßh kej; újD; lÍu'
uOHu ;ekam;= l%ufha ks, fjns wvjsh
(www.cds.lk) osh;a lsrSu .
jif¾ f,dj jeäu j¾Okhla fmkakqï lrk
fjf<|fmd<j,a w;r fojk ia:dkh ,nd
;sfnk nj Bloomberg jd¾;dj úiska fmkajd
fok ,oS'
• 2010 - hdmkh YdLdj újD; lsÍu'
fldgiA yd Kh iq/l=ïm;a .Kqfokq lsrSu
i|yd .Kqfokq idudcsl wdh;k 6la we;=,;a
lr .ekSu .
f,dal fldgia yqjudre ixúOdkh (WFE)
úiska ;u idudðlhska w;r by<u iuia;
j¾Okhla jd¾;d l< fldgia fjf<|fmd<
f,i fld<U fldgia yqjudrej kï lrkq
,eîu
• 2012 fldgia .kqfokq i|yd iajhxl%Sh
.kqfokq moaO;sh ATS 4.00 isg ATS 7.10
jYfhka Wiia lsrSu.
S&P YS% ,xld 20 o¾Ylh y÷kajd§u' Y%s
,xldfõ fldgia .kqfokq j,g foaYSh yd
 5 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
cd;Hka;r jYfhka mj;sk leue;a; ;j;a
mq¿,a wjldYhlg wj;S¾K lsÍfï wruqfKka
yd foaYSh yd cd;Hka;r wdfhdaclhkag
fjf<|fmd< jd;djrKh jvd;a fydÈka uek
ne,Sug yelsjk f,i kj o¾Ylhla
yÿkajd§u lrk ,§' S&P Y%S ,xld 20 o¾Ylh
fld<T fldgia yqjudrefjys ,ehsia;= .;
iud.ï w;ßka úYd,;ajhQ" øjYS,;dj"
uQ,Huh yelshdj hk idOl 03 mßmQ¾K
lrkakd jQ iud.ï 20la f;dard f.k .Kkh
lrkq ,nhs'
• 2013 - iajhxl%Sh .kqfokq moaO;sh (ATS)
ia:djr wdodhï iys; iq/l=ïm;ao .kqfokq
lsÍfï myiqlu imhuska ATS 7.14 jYfhka
Wiia lsÍu'
wkqrdOmqr YdLdj ud¾;= ui 28 jk Èk,
yïnkaf;dg YdLdj cQ,s ui 29 jk Èk iy
r;akmqr YdLdj wf.daia;= ui 26 jk Èk
újD; lsÍu'
• 2014 - ks, áúg¾ .sKqu (cse_media) y÷kajd
§u'
kj uOHu ;ekam;= l%uhla (CDS) y÷kajd
§u iy iajhxl%Sh .Kqfokq moaO;sh Wiia
lsÍu'
wdishdfõ jvd;a ia:djru j¾Okh ysñ
fldgia fjf<|fmd< f,i" Capital Finance
International - CFI úiska msßkuk iïudkh"
fld<U fldgia yqjudrej úiska ysñlr
.ekSu'
• 2015 - ks, áúg¾ .sKqu (cse_media)
y`ÿkajdoSu'
wdishd meis*sla l,dmSh uOHu ;ekm;= l%u
yjqf,ys 17jk jd¾Isl wka;¾ mqyqKq ieish
fld<U oS meje;aúks'
fld<U ¾Y yqjudrej yd ud,Èjhsk fldgia
fjf<ofmd<" wkafHdakH ixj¾Okh yd
iyfhd.S;dj i`oyd .súiqulg t<ôks'
olqKq wdishdkq wdfhdck iuq`Mj 2015 oS
fld<U oS meje;aúks'
tlai;a cd;Skaf.a ;sridr fldgia
fjf<`ofmd< i`oyd uq,msÍï j,g fld<U
fldgia yqjudrej o tlaúks'
Global Industry Classification Standard
(GICS) yÿkajdoSu'
fld<U fldgia yqjudrej 30 jk ixj;airh
ieuÍu'
• 2016 - CSE wOHdmksl fjnS m%fjSYh
yÿkajdoSu'
CSE iy S&P taldnoaj wdYsl o¾Yl
y÷kajd§u'
CDS e-connect ud¾..; .sKqï yeisrùfï
m%fõYh y÷kajd§u'
• 2017 - idudðl wdh;k ioyd wjodkï
mokï lr.;a m%d.aOk wjYH;d (CAR-
Capital Adequacy Requirement) y÷kajd§u.
fldgia .Kqfokq msßjegqu by< hk mßÈ
fjkiajk .Kqfokq msßjefha ieliau
y÷kajd§u'
fj<ofmd, m%d.aOkslrKh iy o¾Yl
.Kkh lsÍfï§ ksIacka| fldgia j,
jákdlu wka;¾.; lsÍu'
• 2018 - iqqΩ¿ yd uOH mrsudK iud.ï
,ehsia;=.; lsÍu i|yd jq tïmj¾ mqjrej
(Empower Board) y÷kajd §u.
nyqúksuh mqjrej (Multi Currency Board)
y÷kajd §u.
ixia:dms; fiajdjka iy frfciagd¾ fiajdjka
iemhSu olajd úúOdx.SlrK lsÍu
CSE tys m<uq ;sridr ud¾.WmfoaYl ud,dj
y÷kajd §u, “;sridr ikaksfõok :
f,aLk.; iud.ï ioyd fhdackd yhla ”
• 2019 - wdfhdaclhka ioyd fj<ofmd,
f;dr;=rej,g m%fõYùfï yelshdj by< ouñka
CSE kj cx.u fhoqu (Mobile App) y÷kajd §u
 6 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
• 2020 - CSE ishÆ fldgia ñ, o¾Ylh f,dj
fydou ld¾hidOkh iys; o¾Ylh njg
m;alsÍu iema;eïn¾ udifha isÿùu.
CSE cd;sl uÜgfï § f.!¾jdkaú;u
wdh;kh f,i (ISAR- International Standards
of Accounting and Reporting awards ) yryd
iïudkhg md;%ùu
CSE äðg,alrKh y÷kajd §u'
,ehsia; =.; ùfï wjldY
j¾;udkfha fld<U fldgia yqjudrej iud.ï
289 l ksjyk f,i ls%shd lrñka tu iud.ïj,g
ish uQ,H m%d.aOkh j¾Okh lr .ekSfï uQ,sl
uQ,dY%hla njg m;aj ;sfí'
iud.ul fldgia" fld<U fldgia yqjudrefõ
m%Odk mqjrefõ, Èßiú mqjrefõ fyda tïmj¾
mqjrefõ f,aLk.; l< yelsh' m%Odk mqjrej
uQ,sl jYfhka by< m%udKfha m%d.aOk
ysñldß;ajhla iys; iud.ï ,ehsia;=.; ùu
i|yd Ndú;d lrk w;r, m%Odk mqjrejg
iqoqiqlï fkd,nk fojk fmf,a yd wÆf;ka
jHdmdr wdrïN lrk iud.ï i|yd Èßiú
mqjrejo iqqΩ¿ yd uOH mrsudK iud.ï i|yd
tïmj¾ mqjrejo ,ehsia;=.; ùug Ndú;d lrhs'
ñ, o¾Ylhka
fld<U fldgia yqjudrej úiska m%Odk jYfhka
ñ, o¾Yl folla .Kkh lrkq ,nhs' tkï"
ishÆ fldgia ñ, o¾Ylh (All Share Price
Index – ASPI) yd S&P YS% ,xld 20 ñ, o¾Ylh
(S&P Sri Lanka 20 - S&P SL 20). tfukau
l¾udKA; iuQyhka 20la i|yd fjk fjku ñ,
o¾Ylhka .Kkh lrkq ,nhs'
iïmQ¾K fjf<|fmd< m%;s,dN u; mokïj
fjf<|fmd< l%shdldß;ajh .Kkh lsÍug uqΩ¿
m%;s,dN o¾Ylhka (Total Return Indices –
TRI) Ndú; lrkq ,nhs' fuu uq¿Ω m%;s,dN
o¾Ylhka u.ska ishÆ fldgia ñ, o¾Yl w.h
yd S&P YS% ,xld 20 ñ, o¾Ylh yryd úoHudk
fkdjk ,dNdxY wd§ m%;s,dNhka o ksrEmKh
flf¾' fld<U fldgia yqjudrej u.ska ishÆ
fldgia ñ, o¾Ylh "S&P YS% ,xld 20 ñ,
o¾Ylh yd lraudKA; iuQyhka 20 gu wod,
wdxYsl ñ, o¾Yl u; mokïj uqΩ¿ m%;s,dN
o¾Ylhka bÈßm;a flf¾'
o;a; m%pdrKh
j¾;udkfha§ fjf<|fmd< iÔù o;a;hka
;e/õldr wdh;k" f;dr;=re wf,úlrK
wdh;k" fld<U fldgia yqjudrefõ YdLd fukau
uqøs; yd úoHq;a udOH yryd ,nd.ekSu l<
yelhs ' tfukau frdhsg¾ia yd í¨ïn¾.a jeks
cd;Hka;r uQ,H f;dr;=re imhk wdh;k u.ska
f,djmqrd wdfhdaclhkag ffokslj .kqfokq
f;dr;=re imhkq ,nhs'
tmuKla o fkdj, fld<U fldgia yqjudrefõ
fjí wvúh yryd hdj;ald,Sk fjf<|fmd<
f;dr;=re" wekjqï ms<sn| f;dr;=re fukau
m%ia;dr yd j.= wdY%s;j f;dr;=re ,ndfoa' fï
;=<ska wfmalaId lrkafka ishÆ wdfhdaclhkag
;u ;SrK .ekSu myiq lr .ekSu i|yd wjYH
f;dr;=re iemhSuhs' fld<U fldgia yqjudrefõ
fjí wvúh tys m%d:ñl f;dr;=re yqjudre
udOHh jk w;r tys ;sfnk f;dr;=re Excel,
CSV, XML hk wdldrhkaf.ka ,nd.; yel'
fjí wvúh Ndú; lrkafkl=g iEu ,hsia;=.;
iud.ulu iud.ï úia;rj,g t<öug yels
w;ru ;e/õldr wdh;k ud¾.fhka i,ikq
,nk wka;¾cd, fiajdj u.ska .kqfokq lsÍfï
myiqlïj,g wj;S¾Kùfï yelshdj o mj;Ss'
fld<U fldgia yqj udrej ;=<
yqj udrejk iq/ l=ïm;a j¾.
• Pkao n,h iys; idudkH fldgia
(Ordinary Voting Shares)
• Pkao n,h rys; idudkH fldgia (Non-
Voting Ordinary Shares)
• jrKSh fldgia (Preference Shares)
• fldgia n,m;% (Warrants)
• Khlr (Debentures)
• wdjD;dka; wruqo,a (Closed-End Funds)
 7 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
fldgia hkq fudkjdo@
b;du ir<j lsjfyd;a fldgila hkq iud.ul
wdxYsl whs;sh ysñlr fokakls' tfukau tu.ska
iud.fï m%d.aOkfhka fldgila ksrEmKh lrhs'
Tn ´kEu iud.ul tl fldgila fyda fldgia
lsysmhl ysñlrefjl= kï Tng wod< iud.fï
wdfhdackh lsÍu fya;=fjka" ,dNdxY yd wfkl=;a
m%;s,dN fukau uyd iNd /iaùïj, Pkaoh
Ndú; lsÍfï whs;sho ,efí'
idudkH fldgia - Ordinary Shares
iq/l=ïm;a fjf<|fmdf<a b;du ckm%sh fldgia
j¾.h fuhhs' fuu fldgia ysñlrejkag
iud.fï uyd iNd /iaùï j,§ Pkaoh Ndú;d
lsÍfï whs;sh yd ,dNdxY ,nd.ekSfï whs;sh
,efnhs' idudkH fldgia j, mj;sk ,dN ,eîfï
yelshdj iy md,k n,h ,nd.ekSfï yelshdj
ksid idudkH fldgia ysñlrejka iud.fï
whs;slrejka f,i i,lhs'
hï fyhlska iud.ula wEjr lsÍug isÿ jQfha
kï idudkH fldgia ysñhkag wod< f.ùï lrkq
,nkafka Kh ysñhka yd ;ekam;alrejkag wod<
f.ùï l, miqjh.
Pkao n,h rys; fldgia$ ksIaPkao fldgia -
Non-Voting Ordinary Shares
idudkH fldgia ysñhkag ysñ wfkl=;a ishÆu
whs;Ska ysñjk kuq;a iud.fï uyd iNd /iaùï
j,§ Pkaoh Ndú; lsÍfï wjldYh fudjqkag
ysñ jkafka ke;'
jrKSh fldgia - Preference Shares
jrKSh fldgia ysñhkag l,ska ;SrKh lrk ,o
m%;sY;hlg wkqj ,dNdxY f.ùu isÿ≥lrkq
,efí' idudkH fldgia ysñfhl=g fmr jrKSh
fldgia ysñfhl=g iud.fï bmhSï i|yd whs;sh
,efí' kuq;a jrKSh fldgia ysñfhl=g Pkaoh
Ndú;d lsÍfï whs;shla ysñ fkdfõ'
iud.ula wEjr lsßfï§ idudkH fldgia ysñhka
wNsnjd jrKS◊h fldgia ysñhkag mshjSï j,oS
m%uqLia:dkh ysñfõ'
fldgia n,m;%
.sji
s .;a us,lg wkd.;fhaoS iud.fï
fldgia us,oS .ekSfï whs;sh ,ndfok iy;slh
fldgia n,m;%hla fjs.
idx>usl Khlr
Kh m%d.aOkh iïmdokh lr.ekSu i|yd
iud.ï jsiska ksl=;a lrkq ,nk iq/l=ïm;a
idx>usl Khlr fjs.
fldgia iqúfYaIs jkafka wehs@
±kgu;a Tn wid fyda lshjd we;s wdldrhg
wfkl=;a wdfhdack j,g idfmalaIj È.= ld,Skj
fldgia j, wdfhdackh by< m%;s,dN f.fka'
iud.ï fldgia ksl=;a lrkafka wehs@
iud.ï fldgia ksl=;a lrkafka
wdfhdaclhkaf.ka uqo,a ,ndf.k tu uqo,a
m%d.aOkh f,i fhdod ;u jHdmdrh ÈhqKq
lr.ekSughs'
Kh m%d.aOkh yd fldgia m%d.aOkh
fldgia ksl=;a lsßfuka yd ish wruqo,a i|yd
uqo,a Khg ,nd.ekSu u.ska m%d.aOkh j¾Okh
lr.ekSu l< yelshs' tfukau iud.ula wruqo,a
j¾Okh lr .ekSu i|yd nexl=jlska Khg
.ekSu fyda idx.ñl Khlr ksl=;a l<fyd;a
fïjd Kh m%d.aOkh f,i w¾:l:kh flf¾'
hï iud.ula fldgia ksl=;a lsÍu yryd uqo,a
Wmhd .kS kï fuu wruqo,a fldgia m%d.aOkh
f,i ye¢kafõ'
fuu m%d.aOk j¾.hkays fjki kï Kh
m%d.aOkh imhd .ekSfï § tu m%d.aOkh ,nd.;a
md¾Yajhg wdmiq f.úh hq;= w;r" fldgia
m%d.aOkh ,nd.ekSfï § th kej; wdmiq
f.ùula isÿ≥fkdjk w;ru fkdlvjd iud.fï
whs;sh tu.ska ksrEmKh flf¾'
hï fyhlska iud.u wid¾:l jqjfyd;a tys
wjodkuo Tn fldgia ysñfhl= ùu u.ska Ndr
.kakd nj ±k isáh hq;=hs' fuhska woyia
 8 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
lrkafka hï fyhlska iud.u nxfldf,d;a
jqjfyd;a fldgia ysñlrejdg wod< f.ùï lrkq
,nkafka wfkla ishÆu f.ùï lr wjika jQjdg
miqj jk njhs' tfiau ;ukaf.a fldgia ysñ
iud.u ÈhqKqjg fyda id¾:l;ajhg
m;ajqjfyd;a fldgia ysñhdg by< m%;s,dNhla
,eîug o yels fõ'
,ehsia;=.; $f,aLk.; iud.ula hkq
l=ulao@
iuyr iud.ï ;u ;;a;ajh j¾Okh lr.ekSu
i|yd wdfhdaclhkag fldgia ksl=;a lr, fldgia
fjf<|fmd<l ,ehsia;=.; ùu lsÍu isÿ lrhs'
fuh uQ,sl fldgia ksl=;=jls' fuf,i
,ehsia;=.; iud.ula ùu yryd ;u iud.fï
fldgia wod< rfÜ fldgia fjf<|fmd< ;=<
.kqfokq lsÍfï yelshdj ,nhs' fudjqka
,ehsia;=.; ùfï§ wod, fldgia fjf<|fmdf<a
mj;sk ,ehsia;=.; ùfï kS;s Í;Ska wkq.ukh
l< hq;= w;r tys§" mQ¾j ,dN jd¾;d" ksl=;=
m%d.aOkh" iud.fï wOHlaIl jreka ms<sn`oj yd
iud.fï jHdmdr lghq;= ms<sn`o úúO f;dr;=re
uyckhd fj; wkdjrKh lsÍu l< hq;=h'
wdfhdac lhka fldgia ñ, È .kaf ka
wehs@
úúOdx.Sl rKh i|yd
fldgiaj, uqo,a wdfhdackh lsÍu wjodkula
f.k fokakla ksid fndfyda wdfhdaclfhda ;u
wjodku md,kh lsÍfï yd l<ukdlrKh
lsÍfï ud¾.hla f,i úúOdx.SlrKh isÿlr;s'
wdfhdackh ms<sn|j m%ldY lrk ckm%sh
lshukla jkafka" —ish`M ì;a;r tlu nÿkl
fkdoukak˜ hkakhs' fuh wdfhdackh
úúOdx.SlrKh lsÍu ms<sn|j meyeÈ,s woyila
imhhs'
wdfhdackh úúOdx.SlrKh lsßu hkq
wdfhdaclhd ;u wjodku l<ukdlrKh yd
wjodku wju lr.ekSu i|yd wdfhdack ud¾.
lsysmhl wdfhdackh lsÍuhs' ta fldgia
fjf<|fmd< l%shdldß;ajh fukau wfkla
wdfhdackhkao ksr;a;rfhkau pl%Sh
l%shdldß;ajhla fmkakqï lsÍu ksihs' nqoaêu;a
wdfhdaclfhl= ;u uqo,a tlu j;alul
wdfhdackh fkdl< hq;=hs'
Tn fldgiaj, muKla wdfhdckh lrkafka kï
Tnf.a uqo,a iud.ï lsysmhl fyda lafIa;%
lsysmhl úúOdx.SlrKh lsÍu jvd;a iqÿiq fõ'
tla iud.ul fldgia yryd hï lsis mdvqjla
isÿ≥jqjfyd;a th wfkla iud.ul fldgiaj,ska
,efnk ,dNhla yryd mshjd f.k iuia;h
,dNodhS lr.ekSfï wjldYh mj;S'
m%d .aO kh j¾Okh lr.ekSu i|yd
hïlsis j;alul ld,h;a iu. jk jákdlfï
j¾Okh" m%d.aOk j¾Okh f,i yÿkajhs'
uyckhd fldgiaj, wdfhdackh lrkafka
fldgiaj, ñ, by< h;shs wfmalaIdfjks'
È.=ld,Sk fldgia wdfhdackhla yryd ,efnk
m%;s,dNh" wfkl=;a wdfhdack yd b;=reï ud¾.
yryd ,efnk m%;s,dNhkag jvd by< uÜgul
mj;sk nj wOHhkhka yryd úoHudk ù ;sfí'
by< hk jgskdluska hq;a fldgia j, whs;sh
;=,ska ;u wdfhdackfha jgsKdlu by< kxjd
.; yelsh'
,dNdxY ,nd.ekSu i|yd
iud.ula lsishï ld,iSudjl§ ,o ,dNfhka
fldgia ysñhkag lrkq ,nk f.ùu ,dNdxYhhs'
th iud.ug wjYH m%d.aOkh iemhSu fjkqfjka
fldgia ysñhkag ,efnk m%;s,dNhls'
idudkHfhka ,dNdxY" iud.fï ,dNh iy
fnodyeÍfï m%;sm;a;s u; mokïj jirlg
jrla fyda fojrla f.ùu isÿlrhs' tfukau
,dNdxY f.ùfï m%;sY;ho úúO úh yelsh'
iuyr úfgl iud.ula ;u ia:djr;ajh
f.dvk.d .kakd wjêfha§ wvq m%;sY;hl
,dNdxY f.jkafka jqjo mßK; uÜgulg m;aj
we;s iud.ula kï tys ,dNdxY m%;sY;h by<
uÜgul mj;ajd f.k hhs' fï ish,a, wod<
iud.ï j, ,dNdxY f.ùfï m%;sm;a;s u;
;SrKh fjhs'
øjYS, ;dj yd kuHYS,S;dj
fndfyda wdfhdack ud¾.hka .;al, tajd
laI◊Kslj uqo,a j,g mßj¾;kh lsÍfï
wmyiq;djla mj;S' tkï øjYS,;djfhka ySk
 9 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
uÜgul mj;shs' idudkH fldgia idfmalaI
jYfhka by< øjYS,;djfhka hqla; wdfhdack
j¾.hla f,i ie,fla' fldgiaj, wdfhdackh
lsÍfï§ jk .kqfokq msßjeh yd .kqfokqjg
.;jk ld,h bvï jeks j;alula iu.
iei£fï§ b;du my< uÜgul mj;S' fldgia
.kqfokqjla fíreï lsÍug .;jk ld,h Èk 3
ls' tfukau fldgiaj, LKavkh lsÍfï
^fn§fï& myiqjo mj;S' WodyrKhla f,i
fldgia ysñfhl= i;=j mj;sk fldgia 5000 lska
wjYH kï" 1000 la úlsKSu l< yelsh' fndfyda
ia:djr j;alï fï wdldrfhka fldgiaj,g
fn§u wmyiqh'
idx.ñl l%sh dldrlïj,g Tn
m%; sp dr ±laúh hq; af;a flfiao@
ysñlï ksl=;= (Rights Issues)
ysñlï ksl=;=jla hkq iud.ula ;u j¾;udk
fldgia ysñhkag muKla ñ,g .;yels mßÈ
fldgia ksl=;alsÍuhs' fuys§ iud.u ;SrKh
lrk ,o lsishï wkqmd;hlg wkqj wod<
iud.fï fldgia ñ,§ .ekSug wjia:dj ie,fia'
ysñlï ksl=;=jl§ isÿjkafka fldgia ysñhkaf.a
;uka i;= fldgia m%udKh j¾Okh ùuls' b;du
meyeÈ,sj lsjfyd;a ysñlï ksl=;=jla yryd
isÿjkafka iud.ul j¾;udk fldgia ysñhkag
kj fldgia ñ,§ .ekSu i|yd wdrdOkd lsÍuls'
tfia wdrdOkd lrkafka w;sf¾l fldgia
m%d.aOkhla ,nd.ekSu ;=<ska iud.fï lghq;=
mq¿,a lsÍu i|ydhs' kuq;a ysñlñ ksl=;=jg
iyNd.S fjkjdo fkdjkjdo hk j. ;SrKh
lsÍu fldgia ysñhkag wh;a ld¾hhls'
ysñlï ksl=;=jla ,eîfï l%ufõoh
fuys§ m<uqj fldgia ksl=;a lrk iud.u
fldgia fjf<|fmd< wkqu e;sh ,ndf.k bkamiq
wod< wkqmd;h yd ñ, ;SrKh lrkq ,nhs'
wkqmd;h u; j¾;udkfha ysñ fldgia m%udKhg
fldgia ysñfhl=g fldmuK fldgia m%udKhla
w¨f;ka ñ,§ .;yelso hkak ;SrKh flf¾'
WodyrKhla jYfhka ABC iud.fï ysñlï
ksl=;=jla m%ldYhg m;alrñka fldgia 10 lg
fldgia 3la ^10(3& ñ,§ .;yels njg m%ldY
lrhs' túg fldgia 100 l ysñlrefjl=g ñ,§
hï lsis iud.ula ;u iud.fï j¾;udk;yels
fldgia m%udKh 30 ls ^100 x 3$10&' tfukau
wod< iud.u ysñlï ksl=;=fú fldgil ñ,o
;SrKh lrkq ,nhs' th fndfyda úg j¾;udkfha
fjf<|fmd<g jvd wvq w.hla .kakd w;r tfia
lrkafka iud.ug w;sf¾l m%d.aOkhla
fidhd.ekSu i|yd j¾;udk wdfhdaclhka
wdl¾IKh lr.ekSfï wruqfKks'
bkamiqj iud.fï f,alï úiska wod<
fldgialrejkag ysñlï ksl=;=j ks, jYfhka
±kqï fokq ,nhs' tfia ±kqï §u isÿlsÍfuka
wk;=rej w;súfYaI uy iNd /iaùula mj;ajd
tu uy iNdfõ wkque;sh ysñlñ ksl=;=jg
,nd.kq ,efí' bkamiqj m<uq .kqfokq Èkh
;srKh lrkq ,nk w;r tÈk isg iud.u u.ska
;SrKh lrk ,o ld,iSudjla ksudjk;=re
ysñlï ksl=;=fjka ñ,§ .;a fldgia iq/l=ï m;a
fjf<|fmdf<a .kqfokq l< yelsh' ld,iSudj
wjidkfha ;uka ñ,§ .;a ysñlï ksl=;=fõ
fldgia CDS wdh;kfha ;ekam;a lsÍu isÿfõ'
wjOdrKh l<hq;= lreK kï ysñlï ksl=;=jg
iyNd.S ùu fyda fkdùu ;u wNsu;h mßÈ
fldgia ysñfhl=g isÿl< yelsh' ta i|yd wjYH
kï" ;SrKh .ekSug Tng Tnf.a ±kqu yd
wjfndaOh m%udKj;a fkdjk nj yefÕkafka
kï jD;a;Sh wdfhdack WmfoaYljrfhl=f.a
Wmfoia ,nd .ekSu jeo.;ah'
ysñlï ksl=;=jlska Tng ,efnk m%;s,dN
uQ,slju ysñlï ksl=;=jlg iyNd.S ùu yryd
wdfhdAclhkag fjf<|fmd< ñ,g jvd wvq
uqo,lg fldgia ñ,§ f.k miqj th
fjf<|fmd< ñ,g wf,ú lsÍfï yelshdj mj;S'
tfukau ta u.ska ;u fldgia m%udKh jeälr
.; yels w;r th bÈß ld,Sk ,dNdxY ysñùfï§
jdis iy.; úh yelsh' wfkla w;g jl%j wod<
iud.fï fldgia nyq;r m%udKhl ysñldÍ;ajh
idx.ñl ;SrK i|yd jeä jYfhka n,mEï
t,a, l< yels ;;a;ajhlg jqjo j¾Okh úh
yelsh' ta fuu.ska ;u fldgia m%udKh
idfmaCIj jeälr.; yels neúks'
 10 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
úfNaokh (Share Split)
fldgia kej; fn§ug ,lalsÍu úfNaokh kï
fõ' tys§ fldgil ñ, my< .sho tla wfhl=g
ysñ fldgia m%udKfha j¾Okhla isÿfõ'
we;eïúg ñ, my< hk wkqmd;h fldgia
m%udKh jeäjk wkqmd;hg jvd wvq neúka
flfkl= i;= iuia; fldgiaj, jákdlfï
jeäùula isÿfõ'
iud.ula úfNaokh isÿlrkafka wehs@
iud.ï úfNaokh m%ldYhg m;alrkafka ;u
fldgiaj, øjYS,;dj ke;fyd;a fjf<|fmd<
.kqfokq ùu j¾Okh lr.ekSfï Wml%uhla
jYfhks' tkï iud.fï fldgil ñ, wêl
f,i by< hk wjia:djl§ tu fldgia
fjf<|fmd< yqjudre ùu wvq uÜgulg m;aùu
ksid th øjYS,;djfhka wvq fldgila njg
m;afõ' fuu ;;a;ajh u.yrjd .ksñka
fldgil ñ, wdfhdaclhdg ord.ekSug myiq
uÜgulg m;alsÍu m%Odk;u wruqKhs'
úfNaokh u.ska ñ, my< hdu isÿjkafka"
iud.ula fldgila kej; LKavkh lrk úg
tu fldgia LKavkh lsÍug iudkqmd;slj ñ,
o LKavkh ùug ,laùu ksidhs'
WodyrKhla jYfhka iud.ula re' 100 ne.ska
jQ tal fldgila kej; fldgia 10 lg fjkalsÍu
i|yd úfNaokhla m%ldYhg m;alrkúg tys
ñ,o iudkqmd;slj re' 10 la f;la kHdhslj
wvqúh hq;=h ^100$10&'
tfy;a m%dfhda.sl ksÍlaIkhkaf.ka fmkakqï
lrkafka YS% ,xldfõ fjf<|fmd< ;=< tu
wkqmd;hgu ñ, tljru wvqfkdjk njhs' fï
wdldrhg úfNaokh isÿl<úg iud.fï uq`M
fldgia m%udKh j¾Okh jkjd ñi tys m%d.aOk
jákdlu j¾Okh fkdfõ' ir,ju fuh fldgia
ñ, wêl wjia:djl iuia; jákdlugu
whym;a n,mEula isÿfkdlr fldgil ñ,
wvqlr tys .kqfokq jeälsÍug .kq ,nk
l%shdud¾.hls'
tfukau th ;u iud.fï fldgia flfrys
wjOdkh fhduqlr .ekSfï yd wdl¾IKh
lr.ekSf ï ufkdaúoHd;aul ldrKdjls' tfy;a
Tn úpdrYS,S mqoa.,fhl= kï o; hq;af;a
úfNaokhla m%ldYhg m;al< miq fldgil ñ,
by< hdfï§ wfhla ;j;a fldgia ñ,§ .ekSug
;e;alrkafka kï tu fldgia ñ,§ .ekSu b;d
wjodkï iy.; l%shdjls'
ukao tys fj<|fmd< ñ, fldgil i;H w.h
u; bÈß ld,fha§ wvq uÜgulg m;aúh yels
ksidfjks'
úfNAokh Tng flfia n,mdkafkao@
úfNaokh u.ska wdfhdaclhdg jk jdis yd wjdis
ms,sn|j fndfyda jdo újdo mj;S' tys§ tys jdis
odhl;ajh fyda wjdish ;SrKh jkafka
fndfydaúg fjf<|fmd< f;dr;=re ms<sn|j
olajk iú{dkl;ajh u; iy tajdg olajk
m%;spdrfhys iajNdjh u;hs'
tla w;lg úfNaokhlg miq fldgia ñ,§
.ekSu WÑ; úh yelsh' ta ukao h;a ñ, wvqùu
ksihs' wvq ñ,lg fldgia ñ,§ .ekSfï wjldYh
ta yryd ,efí' jvd;a ;¾ldkql+,j is;d
ne¨jfyd;a úfNaokhlg fmr fldgia ñ,§
.ekSu yryd ;udg ysñ fldgia m%udKh jeäùu
ksid ,dNdxY wdÈh ,nd .ekSfï§ ys;lr
wdldrfhka n,mE yelsh'
flfia fyda fõjd wjidkfha§ úfNaokfhka fmr
fjf<|fmd< m%d.aOkSlrKfha fyda fmr mqoa. ,sl
fldgia jákdlfï fjkila fkdjk nj jgyd
.; hq;=h' tfukau fuh ñ,§ .ekSfï idOlhla
jkafka ufkda úoHd;aul wdldrfhka ñi
;¾ldkql+,j fkdfõ'
idx.ñl ls%hdldrlï j,g m%;spdr
±laùug fmr Tn Tnju f;areï
.kak'
fldgia ysñfhl= f,i Tn idx.ñl l%shdldrlï
j,g m%;spdr ±laùfï§ iuia;hla f,i th
;ukaf.a wkd.; wdfhdack ±lau yd .e<mSu
w;HjYH ldrKdjls' ;u wdfhdack wruqKq
fláld,Sko È.= ld,Sko fkdj Tnf.a wdfhdack
l<fò wvx.= fldgia m%udKh j¾Okh lr
.ekSug Tn leu;so@ tfukau m%d.aOk ,dN
 11 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
,eîug Tn wruqKq lrkjdo@ jeks ish¨ ldrKd
fuu ;SrK j,g wod, fõ'
ta wkqj jD;a;Sh fldgia wdfhdaclhdf.a uQ,sl
ld¾hNdrh úh hq;af;a iud.u ksl=;a lrk
ish`M ksfõok j,g fyda idx.ñl
l%shdldrlïj,g tljru wka wh lrk ksid fyda
wkqlrKjd§ f,i m%;spdr ±laùu fkdj ;ukag
;sfnk idOl" o;a; yd idlaIs úuis,su;aj i,ld
n,d ;ukaf.a wjYH;djhg .e<fmkafka kï
muKla m%;spdr ±laùuhs'
wjodku iy m%; s, dNh
wjdodku yd m%;s,dNh w;r iïnkaO;dj
wdfhdackfha fmdÿ O¾u;djhls'
fldgia ysñhl= wdfhdackhla yryd hïlsis
m%;s,dNhla wfmalaId lrkafka kï tys
wjodkulao mj;sk nj ±k isàu w;HjYH fõ'
wdfhdack ud¾. foi wjOdkh fhduq lsÍfï§
wdfhdackh lrkq ,nk wruqo,aj, iqrlaIs;;dj
by<u uÜgul mj;skafka b;du ia:djr wd¾:sl
mßirhla we;s rgj, rchka úiska ksl=;a lrk
neÿïlrj,h'
fldgiaj, wdfhdackh" rcfha ne֕lr
ñ,§.ekSug jvd wjodkï iys; jqj;a wjodku
j¾Okh jk ;rugu by< m%;s,dNhkao <`.d
lr.; yel' m%;s,dNh by< kï wruqo,a u;
;sfnk wjodkuo by<h' fldgia j, ñ,
;SrKh ùu i|yd wod< iud.fï l%shdldß;ajh"
fldgia fjf<|fmd< iuia; l%shdldß;ajh
fukau idudkH wd¾Ól yeisÍuo n,mdhs' tu
ksid fuys mj;sk wjodku kï flfkl=g ysñ
fldgia j, ñ, my<hdu wdfhdackfha
jákdluo my<hdug fya;= ùuhs' tu ksid
wjodku wju lr.; yelafla ie,ls,su;a f,i
ie,iqï lsÍu yrydhs'
óg fmr§ idlÉPd l< wdldrhg
úúOdx.SlrKh jeks Wmdhud¾. u.ska wjodku
wju lr.; yelsh'
nqo aêu;a wdfhdaclhka ms< sn|jhs''''
Tn m<uqjrg fldgiaj, wdfhdackh lrk
wfhl= fyda óg fmr fldgiaj, wfhdackh fldg
w;a±lSï we;s wfhl= úh yelsh' tfy;a jvd;a
il%sh wdfhdackhg mokï jkafka Tnf.a
.fõIKYS,SNdjh yd b,lal.; Ndjhhs'
nqo aê u;a wdfhdac lhd ;u wjYH;dj yd uQ,H
yelsh dj wjfndaO lr f.k isà
Tn wdfhdackh lrkafka fld;eko hkak
;SrKh lsÍug fmr Tn Tfí b,lal ;SrKh
fldg y÷kd.ekSu l< hq;=h' iuyfrl= i|yd
uQ,Huh ksoyi hkq blaukska úY%du .ekSu jqj;a
;j;a wfhl=g th b;du iqfndamfNda.S Ôú;hla
.; lsÍu úh yelsh' tksid Tn" Tfí b,lalh
wjfndaO lr .ekSu jeo.;a jkq we;'
Tfí b,lal ksisf,i yÿkd.;a miqj
wksjd¾hfhkau ks¾Kh l< hq;af;a tu b,lal
idlaId;a lr.ekSug fldmuK uqo,la wjYHo
hkakhs'
wdfhdackh yryd Tn uqo,a bmhSug woyia
lrkafka kï Tn wdfhdackh lrk j;alu u.ska
Tnf.a m%d.aOkh jeä ÈhqKq lr .ekSug wjldY
;sìh hq;=h' m<uqj Tn úiska b,lal ;SrKh l,
miq läkfuka yd fldmuK ld,hla iy
fldmuK uqo,la fï i|yd wjYH lrkjdo@
hkak Tn Ndr.ekSug iQodkï jk wjodkfï
uÜgu wkqj ;SrKh lsÍu jvd;a fhda.H fõ'
ienúkau wdrlaIK l%shdud¾.hla f,i Tng
laI◊Kslj fyda kqÿre wkd.;fha wjYH lrk
uqo,a" fldgia j, wdfhdackhg fkdfhoùu
jvd;a iqÿiqfõ' fldgia wdfhdackh ta wkqj È.=
ld,Sk uqo,a r|jd .ekSug jvd;a fhda.Hh'
tfy;a yÈis uqo,a wjYH;djla u; Tn i;=
fldgia úlsKSug ;SrKh lsÍfï§ ta i|yd wksis
.kqfokq msßjehla jehjk nj fukau iuyr
úfgl Tn fldgia ñ, È .;a ñ,g jvd úl=Kqï
ñ, wvq ùu ksid jk m%d.aOk w,dNhla isÿùfï
m%jK;djlao mj;sk nj isys ;nd.ekSu
jeo.;ah' ´kEu wdfhdaclfhl= fiau Tn;a nÿ
bj;a l< miq m%;s,dN flfrys iqnjd§j ±lSug
leu;skï úúO .kqfokq fyda wjia:djkag wod<
nÿ≥yd tajdg .;yels ms<shï ms<sn|j
wjOdkfhka isàu l< hq;=h'
nqo aê u;a wdfhdac lhd fjf<|fmd< uQ,H
WmlrK ms< sn |j wjfndaOfhka isà
 12 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
Tnf.a wruqKq ia:djr f,i ;SrKh lr .;a
miqj Tng .e<fmk wdfhdack l<Ula
(Investment Portfolio) ks¾udKh lsßu i|yd
mj;akd wdfhdack wjia:d idlÉPd l< yelsh'
Tngo Tnf.a wdfhdackh ms<sn|j ;ksju
;SrKh l, yels jqj;a jvd;au {dkdkaú;
l%shdj jkafka uQ,H lghq;= ms<sn|
WmfoaYlhl=f.a iydh ,nd .ekSuhs' tfukau
Tn wdfhdackh lrkafka l=uk j;alulo hkak
Tn ksjerÈj wjfndaO lr f.k isàu jeo.;a
fõ'
hï fy hlska Tnf.a wdfhdac k ud¾.hka ys
,laI K" wdfhdackfha fhda.H;dj wd§ lreKq
ms< sn |j fo.sähdjla Tn ;=< ;sf í kï tjka
wjia:dj,§ WmfoaYlhl= fj; hdug Tn
fkdmiqng úh hq; =h'
nqo aê u;a wdfhdaclhdg ;udf.a bjiSfï
uÜgu f;ar eï .; yelsh
nqoaêu;a wdfhdaclhd f;dard.kakd wdfhdack
ud¾.h ieu úgu ;u b,lal iy ;uka i;=j
mj;sk uqo,a m%udKh muKla fkdj wjodkï
bjisfï yelshdj yd uÜgu wkqjo ;SrKh fõ'
Tn ksrEmKh lrk wjodkï ldKAvh
l=ulao@
.kqfokqlrejka fjkqfjka Tjqkaf.a wdfhdackh
l<ukdlrKh isÿlrkq ,nk jD;a;Sh uQ,H
WmfoaYlhka úiska ;u .kqfokqlrejka i|yd
Tjqkaf.a wjodkï ms<s.ekSfï leue;a; i,ld
n,d fuf,i wjjodkï ldKAv ks¾udK lsÍu
isÿlrkq ,nhs'
iuyr wjodkï ldKAv wdlD;s lsysmhla Tfí
wjfndaOh i`oyd my; olajd ;sfí'
.;dkq.;sl wjodkï ldKavh (Conservative
Risk Profile)
m%d.aOkh wdrlaId lr .ekSu wruqKq lrhs' b;d
my< uÜgfï wjodkula .kS'
Tnf.a uQ,sl wruqK jkafka Tn wdfhdackh
lrk ,o m%d.aOkh wdrlaId lr .ekSuhs' Tn
Tnf.a j;alï j,ska fmr Wml,amkh lrk ,o
bmehSula n,dfmdfrd;a;= jk w;r ta i|yd Tn
f;dard.kafka iÒr l,amsÍï iys; mQ¾j ks.ukh
lrk ,o m%;s,dN iys; wdfhdackhkah'
m%d.aOkh j¾Okh lr.ekSu fyda Tnf.a Okh
j¾Okh ùu oaú;shsl jeo.;alula .kakd
ldrKdh' Tn b;du iSñ; wjodkula muKla
Ndr .ekSug leu;s w;ru
Tfí j;alu wdfhdackh lrkafka flá ld,Sk
wdfhdackhla jYfhks'
wdrlaI s; fyda uOHia: wjodkï ldKavh
(Defensive or Moderate Risk Profile)
mshjfrka mshjr isÿjk m%d.aOk j¾Okhla
wruqKq lrhs' my< uÜgfï wjodkula .kS'
Tnf.a wruqK jkafka uQ,sl wdfhdackh yryd
idfmalaI jYfhka ia:djr yd ksr;a;r wdodhula
,nd.ekSuhs' tfukau Tng uOHia: uÜgul
wjodkula ;uka wdfhdackh l< j;alï wkqj
ord .ekSug yelsh' Tn §¾> ld,Sk jYfhka
Tnf.a Okh mshjfrka mshjr j¾Okh lr
.ekSug n,dfmdfrd;a;= jk w;ru fuu
wdrlaIs; wdfhdack l<U ;=< wvx.=j ;sfnkaf ka
úúOdx.SlrKh jQ ia:djr wdodhï iys;
iq/l=ïm;a l=vd m%udKhkah'
iunr wjodkï ldKavh (Balanced Risk
Profile)
wjodku yd m%;s,dNh w;r ;=,khla
mj;ajdf.k hdu fuu.ska woyia flf¾' Tnf.a
m%Odk wruqK oS¾>ld,skj m%d.aOkh j¾Okh
lr.ekSuhs' Tn idfmalaI jYfhka ia:djr
m%;s,dN fidhk w;ru uOHia: wjodkï
ms<s.ekSugo miqng fkdfõ' tmuKlao fkdj
Tn j;alï yryd wdodhulao wfmalaId lrhs'
ne֕lr yd fldgia iudk m%udKhkaf.ka
wka;¾.; jQ iunr wfhdack l<Ula ;nd .ekSu
isÿlrhs'
l%sh dYS,S wjodkï ldKavh (Dynamic Risk
Profile)
Tn wruqKQ lrkafka Tnf.a uQ,H ;;a;ajh
oS¾>ld,Sk l%shdud¾. yryd j¾Okh lr
.ekSughs' tfukau Tn by< uÜgfï wjodkula
.ekSug leue;a;la olajhs' ;j≥ÿrg;a Tn
 13 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
ksrka;rfhkau fldgiaj, ñ, flá ld,Skj
by<hdu ms<sn|j wjfndaOfhka isák w;ru
Tfí wdfhdackfha ;djld,sl miqnEu ;j;a
fldgia ñ,§ .ekSfï wjia:djla f,i Tn
i,lhs' Tnf.a j;alï yd ,nk wdodhug Tn
,nd fokafka isñ; jeo.;aluls' fï wdldrhg
Tnf.a l%shdYSs,S wdfhdack l<U" úúO uÜgïj,
tl;=jla jk w;ru th ;=< by< m%;sY;hl
fldgia wvx.= fõ'
j¾OkSh $ wdl%u KYS,S wjodkï ldKAvh
(Growth / Aggressive Risk Profile)
Tnf.a uQ,sl wNsm%dh jkafka m%d.aOk ,dN
,nd.ekSu hs' wfkla wdfhdackj,g idfmalaIj
fldgia fjf<|fmd< j¾Okh jk nj Tn
wjfndaO lrf.k isà' ÈhqKq jk wdfhdack l<U
;=< nyq;rhla fldgia wvx.= fõ'
flfia kuq;a Tn" Tnf.a ishÆ wdfhdackhka
fldgiaj, muKla nyd ;eîug wleue;s fõ'
tys§ jvd;au wjodkï iy.; ldrKh f,i
Tnf.a j;alï j, ñ, .Kka fndfyda≥ÿrg
WÉpdjpkhg ,laúh yels nj Tn ±k isáhs'
tfukau wjodkï iy.; w¾:sl lafIa;%hkays
,dN ,eîfï wruq◊Kska wdfhdackfha fh§ug Tn
lsis úfgl ìh fkdfjhs' Tn fjf<|fmdf<a jk
;djld,sl by<hdï yd ì|jeàï jdis iy.;
.kqfokq i|yd iqÿiq wjia:d f,i olshs' ;jo
Tnf.a j;alïj,ska ,nd.;a wdodhï m%udKh
.ek Tn t;rï ie,ls,su;a fkdfõ'
nqoaêu;a wdfhdaclhd —iaj wOHhkhl ksr;
fjhs˜ Tyq m¾fhaIKfha fhfohs'
iEu wdfhdack l%shdj,shlau ±kqu ,nd.ekSfï
yd ±kqu taldrdYs lsÍfï ud¾.hkah'
úfYaIfhkau Tn fldgia j, wdfhdackh lrk
wfhla kï Tn wdfhdackh lrk iud.ï
ms<sn|j wOHhkhla wdfhdackh lsÍug fmr
isÿlsÍu b;d jeo.;a fõ' fuhska woyia jkafka
Tnf.a wdfhdackhg n,mdkq ,nk rg ;=< jk
ixisoaëka fyda l¾udka;h ;=< jk úúO foa
ms<sn|j ksrka;r wjOdkfhka miq ùuhs'
tfukau Tfí wdfhdackh isÿlrkq ,nk
iud.fï ñ, fjkia ùug n,mdk idOl"
jd¾Isl iud.ï jd¾;d" .sKqïjd¾;d wdÈh
úYaf,aIKh lsÍu wksjd¾h fõ'
Tng wjYH fldgia ñ,oS .ekSug fyda úlsKSug
wod, kj;u fjf<|fmd< f;dr;=re ,nd.ekSu
i|yd wdfhdack WmfoaYljrhd fyda ;e/õldr
iud.u iïnkaO lr.ekSu l< yelsh'
b;du meyeÈ,sj wjOdrKh l< hq;af;a Tnf.a
;SrK .ekSu úpdrYs,Sj ñi úúO lgl;d fyda
woDYHudk f;dr;=rej,g wkql+,j isÿfkdl<
hq;= njhs'
WfoHda.Sj b;d j.lSfuka jev lrkq ,nk
wdfhdaclhd ;u wdfhdack l<U l%shd lrk
wdldrh uekSug iqÿiq ñkqïo~q Wmfhda.S lr
.kshs' Tnf.a wdfhdackh Tng wjYH b,lal
imqrkafkakï th b;du id¾:l wdfhdack
l<Uls' tfukau Tn fldgia úYd, m%udKhla
wvx.= wdfhdack l<Ul ysñlrefjla kï
ld,fhka ld,hg fjf<|fmd< ;=< isÿjk
fjkialï ksid ;u wdfhdack l<fUys ÈhqKqjg
úh yels n,mEu ms<sn|jo wjOdkh fhduql<
hq;=h'
ta i|yd fjf<|fmd< ms<sn|j iuia; ñkqï
oKAv jk ish`M fldgia ñ, o¾Yl w.h flfrys
ie,ls,a,la ±laùu m%fhdackj;a fõ' tfukau
Tng ta ta fCIa;%j,g wod<j Tnf.a fldgiaj,
j¾Okh ixikaokh lsßuo l< yelsh'
fldgia wdfhdackh ms< sn|j ie,lsh
hq; = foa
fldgia wdfhdackh ms<sn|j ±kqïj;a ùu
Tn fldgia fjf<|fmd< wdfhdackh .ek
;SrKh .;a miq fldgia fjf<|fmd< ms<sn|j
;j ÿrg;a bf.kSu m%;s,dNhls' fldgia
fjf<|fmd< wdfhdack È.=ld,Sk jk ksid ta
i|yd fldgia fjf<|fmd<g msúfik l%uh
Tng we;s ld,h wkqj ;SrKh fõ'
fldgia wdfhdackh i|yd ±kqïj;a ùugld,hla
.; lsÍu hkq fldgia fjf<|fmd<g we;¿ ùu
i|yd ksjerÈ ld,hla tkf;la n,d isàula
f,i jrojd f;areï fkd.; hq;=h' kuq;a
fláld,Sk wdfhdackhla i|yd kï" WÑ;
ld,hla n,d fjf<|fmd<g msúiSu yd msgùu
fukau b;d fyd¢ka ñ, fjkia ùu wdÈh .ek
±kqïj;a ùu ;=<ska Tng jdisodhl wdfhdack
m%;s,dN ,eìh yelsh'
 14 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
wdfhdaclhl= fldgia fjf<|fmd<g yqre ùug
fldgia fjf<|fmd< yeisfrk wdldrh .ek
wOHhkh lsßula isÿl< hq;=h' ta i|yd wm fjí
wvúh jk www.cse.lk yryd iïmq¾K
fjf<|fmd< ls%hdldß;ajh ksrEmKh lrk
ish`M fldgia ñ, o¾Ylh (ASPI), f;dard.;a
iud.ï 20 la ksfhdackh lrñka ilik ,o S &
P Y%S ,xld 20 ñ, o¾Ylh (S & P SL 20) iy
,ehsia;=.; iud.ï j, fldgia úúO
fjf<|fmd< ;;ajhka u; yeisfrk wdldrh
ms<sn|j ±kqïj;a ùu isÿlr .; yelsh'
ñ,§ .; hq;af;a l=uk j¾.fha fldgiao@
Tn l=uk fldgiaj, wdfhdack lrkjd±hs
;SrKh ùug fnfyda fya;= n,mdhs' flfia kuq;a
tys§ jvd jeo.;a jkafka Tfí wdfhdack wruqKq
yd tajdfha j¾OkSh b,lal fldf;la ÿrg Tnf.a
wdfhdack l<U ;=< we;s fldgia iu`.
.e<fmkjdo hkakhs' Tng ±ßh yels wjodku
wkqj" úúO j¾.fha j¾.SlrKh lrk ,o
fldgia fjf<|fmdf<a mj;sk w;r" tajd ó<`.g
idlÉPd flf¾'
wdodhï ,nk fldgia (Income Shares)
fï kñka ye`.fjk mßÈ fuu fldgia ia:djr
wdodhula fldgia ysñhkag ,nd foa' fï fldgia
wfkl=;a iud.ï yd ii|k l, fkdlvjd
,dNdxY f.jk ,o iud.ï jk w;r Tn fuu
fldgia ñ, § .ekSug woyia lrkafka kï Y=oaO
,dNdxYh i,ld ne,Su i|yd wod< nÿ≥yd
fldgia j, msßjeh thska wvq l< hq; =h'
w.h iys; fldgia (Value Shares) fuu fldgia
WodiSk$l%shd rys; ld,hla hgf;a mej;sho
wkd.;fha§ ÈhqKq ùfï yelshdjla we;s
fldgiah' fuu iud.ï j, fyd| uq,H
;;a;ajhla iy jHdmdßl id¾:l;ajhla
fmkakqï l<;a j¾;udkfha fldgia ñ, wvq
w.hla fmkakqï lrhs' È.=ld,Sk wdfhdaclfhda
fï i|yd jeä leue;alla olajk w;r Tjqyq
fuu fldgia tys i;H w.hg meñ◊KSu;a iu.
we;s jk ,dNdxY fyda ñf,ys wLKav j¾Okh
;=<ska jdis ,nd.ekSu wruqkq lrf.k jir
.Kkdjla jqj;a r|jd f.k isá;s'
j¾Ok fldgia (Growth Shares)
fïjd rfÜ wd¾:slh yd ;u iud.fï jHdmdßl
lghq;= iu`. in|;djla mj;ajñka Yla;su;a
l%shdldß j¾Okhla fmkakqï lrk fldgiah'
fuu fldgia fnfyda úg b;d wvq ,dNdxY fyda
,dNdxY fkdf.jdu isáh yel' fuu
wdfhdaclfhda j¾;udkfha bmhsh yels wdodhu
lem fldg ^,dNdxY wdÈh& wkd.; m%;s,Dn jk
by< ,dNdxY iy m%d.aOk ,dN j¾Okh
n,dfmdfrd;a;= fj;s' ^Wod( ñ, by< hdu ksid
bmhsh yels m%d.aOk ,dN&'
pl%Sh fldgia (Cyclical Shares)
fïjd idudkH wd¾Ól m%jK;djkag yd jHdmdr
pl%hkag ixfõ§j l%shd lrk fldgiah' wd¾Ólh
l%shdldÍ jk wdldrh yd fjf<|fmdf<a we;s
wfmalaId u; fldgia j, ñ, fjkia jk iq¿
;;a;ajhla fmkakqï lrhs'
wdrlaIdldÍ fldgia (Defensive Shares)
wêl mSvkhg ,la jQ wd¾Ól pl%hka ;=< mjd
fuu fldgia fjkia fkdù mj;S' wd¾:sl
wjmd;hla we;s ld,fha§ mjd fuu fldgia tys
w.h mj;ajd .kS' by; i|yka l< pl%Sh
fldgia fuka idudkH wd¾Ól m%jK;djkag wkqj
fjkia fkdfõ' wdydr iy îu j¾." bkaOk"
.Eia" T!IO iy rlaIK jeks m%Odk fjf<|
NdKav yd fiajd fndfyda úg fuu fldgia
ldKavhg wh;ah'
fldgia f;dard .ekSu
fldgia y÷kd .ekSu Tfí WmfoaYlf.a iydh
u; l< yelsh' Tng ;ksj th lsßug wjYH
kï wmf.a fjíwvúfha m%ldYk yd wOHdmksl
±kaùï lshùu u.ska th l< yel' óg wu;rj
Tng my; i|yka l%uj,skao f;dr;=re ,nd.;
yel'
• ;e/õldr iud.ïys fjí wvú yd
m%ldYk
• mqj;am;a yd jHdmdßl i`.rd
• rEmjdyskS jHdmdßl jevigyka
• o;a; fj<÷kaf.a fjí wvú yd m%ldYk
(Reuters, Bloomberg)
 15 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
fld<U fldgia fjf<|fmdf<a iud.ï jHdmdr
lafIa;% 20 la Tiafia j¾.SlrKh lr ;sfnk
w;r" Tn l=uk j¾.fha fldgia fln÷
lafIa;%hlska ñ, È .kakjd±hs ;SrKh lsÍfuka
miqj Tng l=uk iud.fuka th ñ, È
.kakjd±hs i,ld ne,sh yel' tys§ Tn uq,skau
tu iud.u ms<sn| wOHhkh lsÍu iqÿiqh' fï
i|yd Tfí WmfoaYlhd iu`. idlÉPd lsÍu
fyda m¾fhaIK jd¾;d iïmQ¾K f,i lshùu
u.ska Tng iud.fï l%shdjka yd tys jHdmdr
;;a;ajhka ms<sn| fyd| wjfndaOhla ,nd .e;
yel'
f;dr;=re yd jd¾;d ,nd.ekSu
wdfhdaclhl= ,nd .kakd f;dr;=re yd jd¾;d
uQ,sl jYfhka foj¾.hls' tkï uQ,H f;dr;=re
jd¾;d yd uQ,H fkdjk f;dr;=re j¾;d fõ'
fulS foj¾.hgu wh;a f;dr;=re ,eîu fyda
,nd .ekSu b;d jeo.;a jkafka wdfhdaclhdg
wdfhdack ;SrK jvd;a ;¾ldkql+, mokul
msysgd .ekSug th uy;a rel=,la jk ksidfjks'
tfukau fldgia fjf<|fmd< ms,sn|j;a tys
,ehsia;=.; iud.ï ms,sn|j;a ksjerÈ f;dr;=re
yd jd¾;d ,nd .ekSfuka tu o;a; iudc.;
ùuo w;sYh jeo.;a ldrKdjls'
b;du fydÈka l%shd;aul jk fldgia
fjf<|fmd<l ,laIKhla jkafka f;dr;=re
,eîu yd Bg m%;spdr ±laùu w;ska b;d
ld¾hCIu uÜgul mej;Suhs' tys§
fjf<|fmd<l isák ish¿ wxY fulS f;dr;=re
ksl=;a lsÍfï yd ,nd .ekSfï j.lSï iy.;
l%shdj,shg wj;S¾K úh hq;=h' iud.ï j,ska
ksjerÈ yd i;H f;dr;=re wdfhdaclhkag ,eîï
u; wdfhdaclhdg ;SrK .ekSu jvd;a úpdrYS,S
wdldrhg lsÍug wjldY ie,fia' tfukau
wdfhdaclhkag wdfhdack Wmdh ud¾. ;SrKh
lsÍugo fulS jd¾;d yd f;dr;=re uy;a
msgqjy,la imhhs'
iud.ul uQ,H jd¾;d yd m%ldYk ,shú,s
ud¾.fhka wod, iud.fï uQ,sl uQ,H j;alï j,
iajNdjhka" m%udKhka muKla fkdj bmhQ ,dNh
wd§ w;sYh ñ, ixfõ§ f;dr;=re /ila
±k.ekSfï wjldYh mj;S' tfukau hï
iud.ul i;H uQ,H ;;ajh ms,sn|
wdfhdaclfhl=g ;sfnk meyeÈ,s idlaIsh fuhhs'
uQ,H m%ldYk f,i m%Odk jYfhka ie,flkafka
fYaI m;%h / uQ,H ;;a;aj m%ldYkh (Statement
of Financial Position)" wdodhï m%ldYkh
(Statement of Income/ Statement of
Comprehensive Income) iy uQ,H m%jdy
m%ldYkh (Statement of Cash Flow) hkdÈhhs'
fuu m%ldYhka úYaf,aIKh lsÍfuka iud.ul
ld¾Hh m, ms<sn|j jákd f;dr;=re wkdjrKh
lr .; yelsh'
tfukau uQ,H fkdjk m%ldYk yd jd¾;d jkafka
wfkl=;a oekaùï" ixia:d m%ldYhka" iud.ï
u.ska ksl=;a lrk jdr iÕrd" udisl iÕrd
wdÈhhs' fujeks m%ldYk j, jeo.;a lu jkafka
ta yryd ñ, ixfõ§ wjfYaI mdßißl idOl ta
u;ska wjOdkhg ,la lr .ekSug wjia:djla
Wod ùuhs'
f;dr;=re u; Tn úpdrYS,So@
;jÿrg;a idlÉPd lsÍfï§ fuu f;dr;=re
úpdrYS,S ukilska hq;=j wd;au úYajdih iys;j
;SrK .ekSug u. mdohs' thg fya;=j kï fldhs
wdldrhg WmfoaYhla ,nkafka jqjo" Tn .kakd
;SrKfhys j.lSu ±ßh hq;af;a Tn ñi
WmfoaYljrhd fyda ;e/õldr wdh;kh fyda
fkdjk ksidh' tfukau Tn fuu ;SrKh .kafka
l=uk fya;= u; ±hs Tnf.ka ljqreka fyda
weiqjfyd;a Tn ksre;a;r fkdúh hq;=h' ta i|yd
;¾ldkql+, fya;= ;sìh hq;=h'
ta i|yd Tn fldgia ysñlrefjl= f,i mj;sk
whs;Ska ksis f,i jgyd .ekSu;a" tlS whs;Ska
m%;s,dN lrd fufyhùug;a iu;a nqoaêu;a
úpdrYS,S wdfhdaclfhl= Tn ;=,ska ìyslr
.ekSug j.n,d .; hq;=hs'
fldgia ñ,§ .ekSu
wdfhdaclfhl=g m%Odk jYfhka fldgia ñ,§
.; yels wdldr folls'
1' m%d:ñl fjf<|fmd<$Primary Market
2' oaù;Shsl fjf<|fmd<$Secondary Market
 16 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
m%d :ñl fjf<|fmd<$Primary Market
uQ,sl fldgia ksl=;=jlska (Initial Public
Offering) fldgia ñ,g .ekSu m%d:ñl
fj<|fmdf<ka fldgia ñ,g .ekSu fõ'
fm!oa.,sl iud.ul fldgia m%:u jrg
uyck;djg iDcqju ksl=;a lrk wjia:dj uQ,sl
fldgia ksl=;=jhs' iud.ï ;u jHdmdrh mq¿,a
lsÍug wjYH m%d.aOkh ,nd .ekSug wjYH jQ
úfgl ;u fldgia uyck;djg iDcqju ,nd
§ug ;SrKh lrhs' fld<U fldgia yqjudrefõ
wkque;sh iys;j lrkq ,nk fuu l%shdj,sfha§
wdfhdaclhdg iud.u u.ska l,ska kshu lrk
,o ñ,lg fldgia ñ,§ .ekSu l< yelsh'
fm!oa.,sl ysñldÍ;ajh ;sfnk iud.ula fmdÿ
uyck;dj fj; fldgia ksl=;a lsÍfï§ udOHh
Ndú;d lrñka ck;dj ±kqj;a lsÍu isÿ lrhs'
tysos úúO iud.ï ;u iud.ug ck;dj
wdl¾IKh lr .; yels wdldrhg fjf<|
m%pdrKhlao isÿlrhs' uyck;dj fj; hdfï
ienE wruqK ;u iud.ug wjYH uQ,H
iïmdokh ksid ck;dj uQ,sl fldgia ksl=;=jg
iyNd.S jk ;rug tys id¾:l;ajh r|d mj;S'
tfy;a iud.ul uQ,sl fldgia ksl=;=jlg
iyNd.S ùug fmr Tn m%YaK lSmhlg ms<s;=re
fidhd.; hq;=h' tkï¦
1' iud.u uyck;dj fj; hdfï wruqKq
fudkjdo@
2' uQ,sl fldgia ksl=;=jg iyNd.S jkafkl=
f,i Tn ±k.;hq;= f;dr;=re fudkjdo@
3' uQ,sl fldgia ksl=;=jg Tn odhl;ajh
±laùug ;SrKh lrkafka flfiao@
iud.ula m%d.aOkh imhd .ekSug
uyck;dj fj; fhduq jkafka wehs@
fuys uQ,slu wruqK jkafka iud.u i|yd
w;sf¾l m%d.aOkhla fidhd .ekSuh' ta i|yd
b;du mq¿,a oajdrhla fï yryd újr lr.;
yelsh' ;ukag fhdað; lghq;=j,g ysÕj mj;sk
uQ,Huh wjYH;djhla uyck;dj w;r mj;sk
w;sßla; uqo,a u.ska mshjd .ekSula fuys§
isÿfõ'
;ukag iud.u mj;ajdf.k hdug wjYH uqo,a
,nd.kakjd muKla fkdj iud.u ;u iud.fï
wdxYsl whs;Ska fldgia ysñlrejka w;r
fnodyeÍu ksid iud.u ;ks wjodkulska ñ§
wjodku wdfhdaclhka w;r fnodyÍ' iud.fï
md,khg uyck;dj iyNd.S lr.ekSfuka yd
wdxYsl whs;sh yryd Pkao whs;sh ,nd §fuka
iud.u ms<sn|j j.lSula fudjqka
ksrdhdifhkau ysñlr .kS' ta wkqj iud.u
jld%ldrfhka ;ks whs;shl mj;sk wjodkï
wêl nj wju uÜgulg f.k ths'
iud.ula uyck;dj fj; hdfuka fjf<|fmd<
hdka;%Kh u.ska ;u fldgilg kshu
jákdlula ,eîuo isÿ fõ' uyck;dj fj;
m<uqj hdfï§ fldhs wdldrhl ñ, igyka ùula
jqjo wjidkfha§ fjf<|fmd< hdka;%Kh u.ska
;SrKh jQ kshudldr ñ,la Tjqkg ,efí'
tmuKlao fkdj fuf,i fjf<|fmd< ;=<
ckms%h;dj mj;ajd.ekSug hymd,kh
mj;ajdf.k hdu wksjd¾hfhkau l< hq;=h' ta
ukaoh;a" ;ukag by< ñ,la fjf<|fmd< ;=<
mj;ajdf.k hdu i|yd fyd| b,a¨ula mj;ajd
.ekSu wksjd¾h idOlhls' ck;dj ta i|yd
wdl¾IKh jkafka iud.u hymd,kh
kshudldrfhka mj;ajd.;fyd;a muKs'
iud.ula uQ,sl fldgia ksl=;=jla yryd fldgia
fjf<|fmd<lg msúiSfï§ ;u jákdlu muKla
fkdj øjYS,;dj u; hï ñïula we;s lr .;
yelsh' øjYS,;dj ñ, lSÍu" jákdlu yd w.h
lsÍu ms<sn| idOlhla ksid th iud.ug by<
uÜgfï ms<s.ekSulao ,nd fohs'
ta wkqj Tn fldgia fjf<|fmd<l wdfhdackh
lrk wdfhdaclfhl= jYfhka uQ,sl fldgia
ksl=;=jlska fldgia ñ,§ .ekSug wfmalaId lrk
wfhla kï iud.ula ;uka fj; tkafka by;
ish¨ ldrKd fmr±ßj nj wjfndaOfhkau o;
hq;=h' ta ksid iud.u úiska tys wdfhdackh lrk
,o Tng" m%;s,dN ,nd §u fyda fkd§u miq
ldrKdjla nj ±kf.k ;uka uQ,sl fldgia
ksl=;=jl§ wdfhdackh lsÍug ierfikafka
fuf;la fjf<|fmd< ;=< b;sydihla fkdue;s
iud.ul nj isf;ys ;ndf.k wdfhdackh lsÍu
jvd;a iqÿiq fõ'
 17 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
uQ,sl fldgia ksl=;=jlg iyNd.Sjkafkl=
f,i Tn ±k.;hq;= ldrKd fudkjdo@
iud.u uQ,sl fldgia ksl=;=jla lrk nj m%isoaO
ksfõokhla ud¾.fhka uyck;djg ±kqï
§fuka wk;=rej iud.u ;u jHdmdßl ie,iqï
yd uQ,H jd¾;d we;=<;a m%ldYkhka uyck;djg
ksl=;a lrhs' fuh zzixia:d m%ldYhZZ
(Prospectus) f,i ye¢kafõ' uQ,sl fldgia
ksl=;=jlg iyNd.Sjkafkl=g iud.u ms<sn|j
o; yels fyd|u l%uh fuu ixia:d m%ldYhhs'
ixia:d m%ldYhlska Tng ±k.; yels f;dr;=re
fudkjdo@
• uQ,H f;dr;=re (Financial Information)
• uQ,H fkdjk f;dr;=re (Non-Financial
Information)
uQ,H f;dr;=re (Financial Information)
ixia:d m%ldYhla u.ska ,nd.; yels uQ,sl
f;dr;=re kï wod, iud.fï uQ,H ;;a ;ajhhs'
uQ,H m%ldYkh ;=< iud.fuys jir lsysmhl
uq¿ wdodhu ^msßjegqu&" o< ,dNh" fufyhqï
,dNh" nÿ bj;a lsrug fmr ,dNh" nÿ f.jQ
m%udKh yd nÿ f.ùfuka miq ,dNh ms<sn|j
b;d ksrjq,a tfukau meyeÈ<s ldrKd rdYshla
uyckhdg ;u ;SrK .ekSfï ld¾hh myiqlr
.ekSu i|yd i`oykaj ;sfí' tys§ iud.u fuu
o;a; j¾I lSmhl bÈßm;a lrkafka ;u
wdh;kfha fldgia ñ,§ .eksSug woyia lrk
kj wdfhdaclhkag iud.u ,nk ,dNh j¾Okh
jQ wdldrh fyda wjm%udKh jQ wdldrh ms<sn|j
idfmalaIj woyila .ekSughs'
tmuKlao fkdj jir lSmhlg wod,j iud.u
i;= j;alïj, jákdlï fukau m%ldYs; m%d.aOk
m%udKhka ta i|yd jk ne£ï wdÈh;a fï yryd
ksrEmkh lrhs'
fuu m%ldYhka ish,a, iajdëk ú.Kk ks,OdÍka
úiska wOHhkh fldg ú.Kkh lrk ,ÿj
ixia:d m%ldYkhg wka;¾.; lrkq ,nhs' fufia
iajdëkj lrk ,o ú.Kkh lsÍu u.ska
wdfhdackh lsÍug wfmalaId lrk
wdfhdaclhkag iud.fï uQ,H ;;a;ajh ms<sn|j
úYajdikSh;ajhla f.dvkxjkq ,nhs' iajdëk
ú.Kk ks,OdÍka úiska Tjqkg iud.u u.ska
imhk ,o o;a; yd jd¾;d i;H lreKq u;
mokïj ilik ,o tajd njg lrkq ,nk
;yjqre lsÍu wdfhdaclhkag ;u wdfhdack
;SrKh jvd úYajdikSh;ajhlska hq;=j .ekSug
WmldÍ fõ'
b;du meyeÈ,sj i|yka l< fyd;a uQ,H
jd¾;djla úYaf,aIKh lsÍu È.= ld,Sk
wdfhdackhla i|yd m%fõYh ,nd.ekSuls' th
idudkH w¾:fhka flá ld,Sk uqo,a bmhSï yd
jerÈ iy.; f,i w.h lrk ,o fldgiaj,ska
bj;a ùug wdfhdaclhdg b;du myiq u.la
i,ihs'
uQ,H fkdjk f;dr;=re (Non-Financial
Information)
ixia:d m%ldYhl wka;¾.; uQ,H fkdjk
f;dr;=re u.ska wfmalaId lrkafka uQ,sl fldgia
ksl=;=j isÿlrkq ,nk iud.ug wod, b;sydih"
md,kh isÿjk wdldrh" jHdmdrh yd tys
iajdNdjh" ;u jHdmdßl lafIa;%h Y%S ,xldj ;=<
l%shd;aul jk wdldrh ms<sn|j iDcqj
uyck;djg b;du meyeÈ,sj yd ksrjq,aj
bÈßm;a lsÍuhs'
uQ,H fkdjk f;dr;=re u.ska wdfhdaclhdg
wod, iud.fï jHdmdßl ia:djr;ajh uQ,H
fkdjk ;;a;ajhl§ uek ne,Sug wjia:dj
,ndfoa'
ir<ju jHdmdßl wdh;kh fldmuK l,a is h
lafIa;%h ;=< mej;sfhao tu ld, iSudj ;=<
iud.u ia:djr;ajh f.dvkxjd.;a wdldrh
yryd wkd.;fha§ iud.fï meje;au ms<sn|j
iaÓr fkdjQj;a o< woyila .ekSug wjia:dj
,efí'
fmrlS uQ,H fkdjk f;dr;=re w;r wod,
iud.fï jHdmdßl fufyhqï yd md,kh jk
wdldrh ms<sn|j f;dr;=re b;d jeo.;a fõ' ta
tu f;dr;=re iud.fï hymd,kh ms<sn|j ukd
u. fmkaùula yd meyeÈ,s lsÍula wdfhdaclhdg
lrkq ,nk ksihs'
ixia:d m%ldYhl§ wod, iud.ug wh;a
lafIa;%h Y%S ,dxflah wd¾Ólh ;=< l%shdlrk
 18 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
wdldrh fmkaùug iuyr iud.ï ls%hdlrkq
,nhs' tu.ska ;u iud.u wh;ajk jHdmdßl
lafIa;%h fld;rï ia:djr uÜgul mj;So" tu
ia:djr;ajh iud.fï fldgia ñ, flfrys
n,mdk wdldrh ukdj úYaf,aIKh lr ne,Sfï
yelshdj mj;S'
ixia:d m%ldYhl uQ,H fkdjk f;dr;=rej,
wdfhdaclhkag yd wfkl=;a uyck md¾Yaj j,g
jeo.;au fldgi kï uQ,sl fldgia ksl=;=j
ms<sn| m%ldY fldg we;s mßÉfþohhs'
tys§ iud.u ksl=;a lrkq ,nk fldgiaj,
iajNdjh tkï l=uk j¾.fha fldgiao hk j.
^Pkao n,h iys;" Pkao n,h rys; fyda jrKSh&
ksl=;a lrk fldgia m%udKh" fldgil ñ, wdÈh
ksl=;a lrkq ,nk fldgilg wod,j i|yka fõ'
fuf,i fldgia ksl=;a lrk iud.u úiska ;uka
bÈß ld,fha§ fld<U fldgia yqjudrefjys
,hsia;=.; ùfï m%;sm;a;sh flf,io hkak
meyeÈ,s lrkq ,nhs' wod, iud.u fldmuK
fldgia m%udKhla l=uk mqjrejl ,shdmÈxÑ
lrkafkao hkak o fuys i|yka flf¾' tfukau
fldgia ksl=;a lsÍfï§ hk uq¿ úhou" .kqfokq
msßjeh wdoS f;dr;=reo ixia:d m%ldYhg
we;=<;a fldg ;sfí'
wdfhdaclhka t;rï ie,ls,a,la fkdolajkafka
jQj;a iud.u úiska fuf,i uQ,sl fldgia
ksl=;=jla isÿ lsÍfï wruqKq yd mrud¾: i|yka
lrkq ,nhs' úfgl fuh iud.fï úfYaI
jHdmD;shla i|yd fldgia ksl=;a lsÍula úh
yels fiau iud.fï kej; m%;sixúOdkhla lsÍu
i|ydo úh yelsh' th iud.fï jHdmD;shla fyda
m%;sixúOdk lghq;a;la kï tys iajdNdjho
idudkHfhka iud.u úiska i|yka lrkq ,nhs'
fuu f;dr;=re b;du jeo.;a jkafka iud. fï
j¾;udk Odß;dj yd wkd.; wfmalaIdj w;r
.e<mSu ;=<ska iud.ul l%shdldß;ajh yd
wjodku ms<sn|j woyila .ekSug yels ùuhs'
wjidkfha§ Tng b,a¨ï l< yels wdldrh yd
th l%shdjg kexfjk wdldrh ms<sn|j i|yka
fõ'
fï wdldrhg iud.ul ixia:d m%ldYhla lshjd
n,d fndfyda f;dr;=re wdfhdaclhkag ,nd.;
yels w;r wksjd¾hfhkau Tfí wdfhdack
;SrKh fuu idOl f;dr;=re yd o;a; u;
mokï úh hq;=uh' Tn ñ,§ .ekSug
n,dfmdfrd;a;= jkafka tu iud.fï fldgia
ksidu iud.fï wd¾Ól ;;a;ajh" j;alï j,
iajdNdjh yd jHdmdrh jHdma; lsÍfï ie,iqï
wdÈh úYaf,aIKh lr n,d fldgilg Tjqka
kshu lrk ,o ñ, idOdrK fyda kshu f,i
w.h lrk ,o fldgilao hk j. f;areï .ekSu
w;sYh jeo.;a lreKls'
flfia fj;;a ixia:d m%ldYh lshjd n,d Tng
uQ,sl fldgia ksl=;=jg iyNd.s ùfï ;SrKhg
t<ôh fkdyels kï jD;a;sh wdfhdack
WmfoaYljrfhl= fj; hdu jvd;a iqÿiqu
l%shdud¾.hhs' tmuKlao fkdj wdfhdack
WmfoaYljrhd fj; hdug m%:u Tn ±k.;
hq;=hehs yef.k ish¨ foa ±k isàu b;du
jeo.;a fõ'
uQ,sl fldgia ksl=;=jl§ Tn fï .ek;a
ie,ls,su;a jkak'
uQ,sl fldgia ksl=;=j isÿlrk iud.ug
fjf<|fmd< ;=< b;sydihla fkdue;' fldgia
fjf<|fmd<la ;=< ,ehsia;=.; ù ia:dms; jQ
iud.ul fldgiaj, yeisÍï wOHhkh yd
úYaf,aIKh wmyiq fkdjkafka ta yd ne÷Kq
b;sydih f;dr;=re ;sfnk ksihs' fuu
f;dr;=re yryd fldgia ñ, yeisf rk wdldrhka
.ek ks¾foaY lsÍu l< yelsh' tfy;a Tng
uQ,sl fldgia ksl=;=jlg t<fUk iud.ula
ms<sn| Tjqkaf.a fldgiaj, ñ, yeisÍu fyda
m%;s,dN ms<sn|j mQ¾j ks.uk j,g t<öu b;du
wmyiq fõ' tu ksid Tn l< hq;af;a uQ<sl
fldgia ksl=;=jla ksfõokh l< muKska thg
fhduq fkdù ixia:d m%ldYh iy wfkl=;a ish¨
wOHhk ud¾. Ndú; lrñka f;dr;=re ksis f,i
±k uQ,sl fldgia ksl=;=j flfrys wjOdkh
fhduq lsÍuhs'
uQ,sl fldgia ksl=;=jl ñ, .Kka ie,lSfï§ th
fjf<|fmd< u.ska kshujk b,a¨u yd iemhqu
u; ;SrKh jk ñ,la fkdj lD;suj úúO idOl
ie,ls,a,g .ksñka kshu lrk ,o ñ,la nj
u;l ;nd.; hq;=h'
 19 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
uQ,sl fldgia ksl=;=jla w.h lsÍul
m%udKd;aul me;slv
´kEu fjf<| .kqfokqjl wdldrhgu b,a¨fï
iajNdjh u; uQ,sl fldgia ksl=;=jlo fldgil
ñ, ;SrKh fõ' tkï iud.ug b;du by<
b,a¨ula mj;S kï thg by< uQ,sl fldgia
ksl=;= ñ,lg hdfï wjldYh ;sfí'
kuq;a iud.ul fldgiaj,g mj;sk by< b,a¨u
u.ska iud.fï jákdlu wêl njla fyda
iud.ug b;d by< w.hlsrSula we;s njla fyda
woyia fkdflf¾' m%dfhda.sl ;,fha§ tlu
lafIa;%hl iud.ï folla jQjo thg uQ,sl
fldgia ksl=;=jl§ kshu jk ñ, tl yd iudk
fkdfõ'
tfukau uQ,sl fldgia ksl=;=jg wod, w.h
lsÍfï§ wod, l¾udka; lafIa;%h ;=< mj;sk
iud.ï ixikaokh lsÍuo isÿfõ' fuys mj;sk
;¾lh jkafka wdfhdaclhka tlu lafIa;%hl§
tla iud.ul fldgilg f.jk ,o uqo,a yd
iudk uqo,la wfkla iud.ugo f.ùug we;s
leue;a;hs'
iud.ï w;r ixikaokh lsÍug wu;rj uQ,sl
fldgia ksl=;=j, w.h lsÍï iud.fuys
wfmalaIs; wkd.; j¾Okfha iajNdjh yd th
idudkH uyck;djg fmfkk wdldrh u;o
;SrKh fõ' iud.fï ie,iqï " wkd.;
l%shdldß;ajfha j¾Okh w.h lsÍfï uQ,sl
idOlhla jk w;r th uQ,sl fldgia ksl=;=jla
miqmi we;s uQ,sl W;af;aclhhs' tu j¾OkSh
wfmalaIdj uQ,sl fldgia ksl=;=jla yryd
m%;s,dNhka bmhSug mjd Tn fmd<Ujhs' ta wkQj
tla w;lg uQ,sl fldgia ksl=;=jl w.h lsÍu
wkd.; j¾Okfha iajdNdjh yd iud.fï
ie,iqï u; ;SrKh fõ'
uQ,sl fldgia ksl=;=jl w.h lsÍfï
.=Kd;aul me;slv
uQ,sl fldgia ksl=;=jl§ w.h lsÍu isÿjk úg
uQ,Huh iajNdjhka yd .Ks;uh ;;a;ajhka
muKla fkdj iud.ul .=Kd;aul ;;a;ajho
b;du úYd, ld¾hNdrhla bgqlrhs' uQ,H fyda
ixLHduh jYfhka ueksh fkdyels iajNdjhla
tkï kj jHdmdßl fjf<| Wml%u" kj
ksIamdok Wmdhud¾.j, jeo.;alu wd§ uqo,ska
ueksh fkdyels foa iud.fï id¾:l;ajh
flfrys n,mEï t,a, lrhs'
fï ish,a, wkQj Tn uQ,sl fldgia ksl=;=jla
yryd fldgia ñ,§ .ekSug fhduqjkafka kï tu
iud.ug fjf<|fmdf<a b;sydihla ke;;a
jHdmdßl f,dalfha mj;sk fM;sydisl
ia:djrNdjh" wod, lafIa;%h ;=, iud.ug we;s
m<mqreoao yd yelshdj" iud.u bmhQ ,dNhka"
iud.u i;=j we;s kj ie,iqï iy l%shdj,s
ms<sn`oj .eUqre wjOdkhla fhduq fldg fldgia
ñ,§ .ekSu jvd;a WÑ; fõ'
wjidkfha§ Tn jD;a;Suh fldgia ysñlrefjl=
f,i uQ,sl fldgia ksl=;=j wdodhï ud¾.hla
f,i fhdod .ekSu ms<sn|j ksYaÑ; úYajdihla
;eìh fkdyels ldrKdjla nj jgyd .; hq;=h'
tu ksid uQ,sl fyda m%isoaO fldgia ksl=;=jla lS
muKska thg m%;spdr ±laùu fyda thg
m%;spdr±laùug ;e/õldr wdh;khg mejÍu
Tn fkdl< hq;a;ls' fï i|yd Tn b;du iQlaIu
f,i Tfí lshùfï" f;dr;=re talrdYS lsÍfï"
;SrK .ekSfï yd úYaf,aIKh lsÍfï l=i,;d
;Sj% f,i j¾Okh lr.; hq;=uh' ta wjidkfhaoS
Tn ,nk ,dNfha fyda w,dNfha j.lSu Tn
i;=jk ksiduh'
oaù ;Shsl fjf<|fmd<$Secondary
Market
fldgiaj, wdfhdackhg leue;a;la olajk
wfhl=g m%d:ñl fjf<|fmd< yryd fldgia
ñ,§ .ekSu l< yels nj Tn ±kgu;a okakd
lreKls' hï fyhlska fldgia ksl=;=jlska
ke;skï m%d:ñl fjf<|fmdf<ka fldgia ñ,§
.ekSfï wjia:dj wysñj .sh fyd;a Tng
oaù;Shsl fjf<|fmdf<ka fldgia ñ,§ .ekSu
l< yelsh' tkï fldgia fjf<|fmd< yryd
fldgia ñ,§ .ekSuhs'
fldgia fjf<|fmd<la hkq fldgia ñ,§ .ekSu
yd úlsKSu hk ld¾hhka bgq lsÍu i|yd
wdfhdaclhkag;a tfukau ;e/õldr
wdh;khkag;a wjYH myiqlï imhk
wdh;khhs' fuys§ uQ,sl fldgia ksl=;=jlg
 20 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
miqj fldgia fjf<|fmd< ;=< ,ehsia;=.; jk
iud.ï j, fldgia úlsKSu;a ñ,§ .ekSu;a
wdfhdclhkag l< yelsh'
idïm%odhslj fuu fldgia fjf<|fmd<j,ayS
fjf<| N+ñhla ia:dmkh lr ;snqKo
j¾;udkfha§ mß.Kl .; lrk ,o moaO;shla
yryd fuu lghq;= isÿ flfrk w;r" tu ksid
wdfhdaclhkag wksjd¾hfhkau fldgia
fjf<|fmd<g meñKSu w;HjYH fkdfõ'
tfukau oaú;Shsl fjf<|fmd< .kqfokq
wka;¾cd,h Tiafiao lsÍug wjldYh mj;S'
oaù;Shsl fjf<|fmdf<ka .kqfokq lghq;=
lsÍug;a uQ,sl fldgia ksl=;=jla yd iudkj
;e/õldr iud.ula fj;hdu;a" tu iud.u
u.ska uOHu ;ekam;= l%u .sKqula wrUd ;sîu;a
wksjd¾hh fõ' uOHu ;ekam;= .sKqula (CDS
.sKqu) wdrïN lsÍug lsisÿ uqo,la jeh lsÍug
wjYH fkdjk w;r" ;u wjYH;dj mߧ
;e/õlrejka lsysmfofkl= ud¾.fhka uOHu
;ekam;= .sKqï lsysmhla jqjo wdrïN lsÍfï
yelshdj ;sfí'
fï wdldrhg oaú;Shsl fjf<|fmdf<ka fldgia
ñ,§ .ekSfï§ uQ,slj m%d:ñl fldgia ksl=;=jl
yd iudkju Tnf.a wdfhdack wruqK l=ulao
hkak kej; i,ld ne,Su wksjd¾hfhkau l<
hq;= jk w;r thg wkql=,j Tn wdfhdackhg
leu;s lafIa;%hlao f;dard .ekSu jeo.;a fú'
tfia oaú;Shsl fjf<|fmdf<ys wdfhdackhg
lafIa;%hla fyda iud.ula f;dard.ekSfïoS ;u
leue;a; fukau wod, fldgiaj, ñ,
fjf<|fmdf<ys yeisfrk wdldrh ft;sydisl
f;dr;=re wdY%fhka i,ld ne,Su wksjd¾hfhkau
l< hq;=h' ;uka uq,ajrg fldgia ñ,§ .eksug
fhduqjk wjia:djlÈ jD;a;Sh wdfhdack
WmfoaYljrfhl=f.a iyh me;Su jvd;a iqÿiq
fú'
Tfì wdfhdack wruqK Tn yÿkdf.k
;sf ìo @
Tn wdfhdackh lsÍu weröug fmr Tnf.a
wdfhdack mrud¾:hka wruqKq ilid .ekSu
b;du jeo.;a fù'
´kEu wdfhdaclfhl=f.a wdfhdack mrud¾:hka
w;r uq,H m%;s,dN Wmhd.ekSu uq,sl
wfmalaIdjls' idudkH jYfhka i,lk l,ays
b;d by< m%udKfha wjodkñ m%udKhla Tng
±ßh yelskñ b;du by< m%udKfha
m%;s,dNhlao w;alr.eksfñ m%jK;djla mj;S'
by< wjodkñ by< m%;s,dNhla ksielju
w;am;a lrfok nj fuhska fkdyef.a'
tu ksid Tnf.a wdfhdack wruqKq ia:dmkh lrk
úg Tn wjOdkh fhduql< hq;af;a Tng wjodku
±ßh yels uágu l=ulao hkakghs' tysÈ wfkla
wh lrkafka l=ulao hkak Tng wod< fkdjk
j.o isys ;nd .; hq;=hs'
iEu wdfhdaclfhl=gu ;ukag wdfõKsl jq
wdfhdack wruqKq mj;S' wdfhdack ud¾. yd
l%ufúoh ia:dmkh lsßfñÈ fñ ish,a, i,ld
ne,Su w;sYh jeo.;a fú' ta ish,a,g wkql=,ju
ñ,§ .; hq;= fldgia úfYaIh yd lafIa;%h
f;dard.eksu l< yelsh' oaú;Shsl
fjf<|fmdf<ka fldgia ñ,§ .eksfïoS uQ,sl
fldgia ksl=;=jlska fldgia ñ,È .eksug jvd
ft;sydisl f;dr;=re mßlaId fldg n,d
;SrKhlg t<öfñ wjldYh mj;s' tfy;a
iud.fñ w;S; f;dr;=re úu¾Ykh l<;a Tn
j.lSu orkafka iud.fñ wkd.;hg njo u;l
;nd.; hq;=h'
ie,ls,su;a jkak
iufmalaIK fldgia (Speculative Shares)
Tn fldgia fjf<|fmdf<ka fldgia ñ,oS .ekSu
i|yd fldgia f;drd .ekSfïoS wju uQ,H
Yla;shlska hqla; fyda lsisÿ fmr wdodhï
jd¾;djla fyda ,dNdxY iïnkaOfhka woyila
fkdue;s kuq;a j¾Okhla blaukska ,nd §u
uQ,sl wruqKq lr.;a fldgia .ek ie,ls,su;a
úh hq;=h' hï iud.ula wkd.; j¾Okh ms<sn|
uq,sl isoaOdka;hka fkdue;sj wkd.; j¾Okh
ms<sn| m%ldYhla bÈßm;a lrkafka kï th
fndfydaúg b;d by< wjodkula we;s wdfhdack
wjia:djls'
fldgia úlsKSu ;SrKh lsÍfïoS n,mdk
lreKq
 21 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
fndfyda wdfhdaclhka i|yd úlsKSfï ;SrKh
ñ, § .ekSfï ;SrKhg jvd wmyiq ;SrKhls' ta
i|yd fnfyda fm!oa.,sl yd fjf<|fmd< fya;=
n,mdhs' fufia n,mdk fya;= lsysmhla my;
±lafõ'
) Tnf.a wdfhdack wruqKq yd wjodkï ord
.ekSfï yelshdj mj;sk fldgia yd iu`.
;jÿrg;a fkd.e<fmk úg'''
fuh iuyr úg ld,h;a iu. Tnf.a wruqKq
fjkia ùu ksid isÿúh yel' tu ksid Tng
l%udkql+,j Tfí fldgia úlsKSu wdrïN l<
yel' iuyr úg wdfhdaclfhl=g ;uka
wdfhdackh l< iud.u ;j≥ÿrg;a fyd|
wdfhdackhla f,i fkdfmfka' fuhg fya;= f,i
ie,lsh yelafla wod< iud.u jHdmdr ie,iqï
fjkia lsßu ksid wia:djr Ndjhlg m;aùu fyda
fndfydafihska ñ, WÉpdjpkhg ,laùuhs' thska
woyia lrkafka Tfí wdfhdack ;jÿrg;a Tfí
wjodku ord .ekSfï uÜgu ;=< fkdmj;sk
njhs'
) m%; swdfhdac k wjia:djka
Tn ó,oS.;a iud.fï fldgia j,g jvd fyd|
m%;s,dN fjk;a iud.ul fldgia ,nd fok úg
Tng ta wjdisodhl fldgia úls◊ksh yel' tys§
jeo.;a jkafka Tnf.a wÆ;a ñ,§ .ekSu
fld;rï ÿrg Tfí wdfhdack l<U yd Tnf.a
wdfhdack Wml%u yd .e<fmao hkakhs'
) ñ, fjkia ùu
fldgia ñ, n,dfmdfrd;a;= fkdúh yels
wkqmd;hlska my< .sh fyd;a iuyr
wdfhdaclfhda fï wjia:dj fldgia úlskSug
WÑ; nj ;SrKh lr;s' Bg fya;=j jkafka ;j;a
we;s úh yels w,dN u. yrjd .ekSuhs' u;lfha
;nd .; hq;= lreK kï Tng ñ, fjkiaùu
.ek hï woyila ;sìh hq;=h hkakhs' isysfha
;nd .; hq;= wfkla lreK jkafka ñ, my;
jeàu kej; h:d;;a;ajhg m;aúh yels njhs'
Tn fldgia fjf<|fmdf<a ál ld,hla .;
lrñka .kqfokq jk wdldrh wOHhkh lsßfuka
fï nj jegfykq we;'
) wê ;lafiare lrk ,o fldgia (Overvalued
Shares)
fldgia tys i;H w.hg jvd by<g ;,aÆjQ
úfgl Tn tajd úlsKSu .ek ie,lsh hq;=h'
hï fldgila wê ;lafiare jQ fldgila f,i
i,lkafka iud.fï bmehqï yelshdj yd
fldgil ñ, w;r .e<mSula fkdue;s úgh'
fldgia j, w.h wê;lafiare ùu ye`.Sï u;
ñ, § .ekSu ksid isÿ úh yelsh' tjeks
wjia:dj, oS iud.fï j;alïj, ñ, wêlj
by< hdula fyda mj;akd ñ,g idfmalaIj
iud.fï uQ,H ;;a;ajfha fjkila isÿ fkdfõ'
fuu ;;a;ajfha§ wê;lafiare jQ úg úlsKSu yd
fjf<|fmd< ñ, ksjerÈ w.hg ;,aÆ jQ miq ñ,
§ .ekSu isÿúh yel' fuys§ ñ, ksjerÈj ±k
isàu jeo.;ah' kuq;a wmg fuys§ wLKavj
ksjerÈj ;SrK .ekSu wmyiqh'
wê ;lafiare lrk ,o fldgia úlsKsu" tajd
ñ,§ .ekSug jvd fyd|h' tfukau iuyr úg
Tn fï fldgia úl=KQ úg fuys ñ, by< hk
;;a;ajhla ±lsh yel' fuys§ Tn úlsKSu
ms<sn|j fo.sähdjg m;a úh yels kuq;a
jeo.;au foa th wfkla w;g;a is ÿ úfï
yelshdjla ;sfnk nj wjfndaOfhka ±k isàuhs'
jD;a;slfhl=f.a Wmfoia ,nd .ekSu
wm fuf;la lrk ,o idlÉPdj,§ Tng
meyeÈ,s lrk ,o wdldrhg Tn wdfhdackh
i|yd wjidk ;SrKh .ekSfï§ wmf.a ks¾foaYh
jkafka jD;a;Suh WmfoaYlhl=f.a iydh
,nd.ekSuhs' úfYaIfhkau wjodkï ldKavh
jgyd.ekuS " wdfhdack Wmdh ud¾." nÿ wh
lsÍu wd§ w;HjYH lafIa;% ms<sn|j Wmfoia
me;Su jvd;a M,odhS fõ'
;ksju ;SrK .ekSu M,odhS hehs ye`.S .sho
jD;a;suh WmfoaYlfhl=f.a fiajdj ,nd .ekSu
;=< Tng ,nd.; yels jdiso mj;S' ta wkalsisjla
ksid fkdj wjidkfha oS Tnf.a wdfhdack ;SrKh
ms<sn| j.lSu Tn ±ßh hq;= fiau ta .ek Tn
;Dma;shgo m;aùu isÿ úh hq;= ksihs'
ta fya;=fjka fndfyda úg wdfhdaclhska lrkq
,nkafka ;u iajdëk m¾fhaIK yd úYaf,aIK
u; f.dvkxjk ,o woyia iy wdfhdack
 22 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
WmfoaYljrhdf.a$ ;e/õldr wdh;kj,
woyia yd iïnkaO fldg ;SrKhlg t<ôuhs'
fuf,i Tn fld<U fldgia fjf<|fmdf<a
.kqfokq lsÍfï§ Tn fjkqfjka .kqfokq lsÍug
n,m;%,dNS ;e/õldr iud.ula iu`.
,shdmÈxÑ ùu wksjd¾hfhkau l< hq;=hs'
tfukau Tnf.a wdfhdack l%shdj,shg iydh
,nd§u i|yd fuu ;e/õldr iud.ï Tng
m¾fhaIK yd wfkl=;a fiajdjka /ila imhkq
we;'
wdfhdac kh lsÍ u
fldgiaj, wdfhdackh lsßu wfkl=;a wdfhdack
ud¾.j,g idfmalaIj b;d by< uágfñ m%;s,dN
,nd§fñ m%jK;djla iys; wdfhdack ud¾. hla
nj Tn ±kgu;a okakd lreKls' tfukau tys
wjodkulao ksrka;rj ;sfì' Tn fldgia
.kqfokq lsßug t<öu hkq tu wjodkuo ±ßug
iQodkï njls'
fldgiaj, wdfhdackhg wj;s¾K jk Tn úiska
uq,slju ;u wruqo,a l<uKdlrkh lr .eksu
w;sYh jeo.;a fú' tkñ ;u wdfhdackhg
wjYH uqo,a imhd.kafka flfiao tu uqo,a
fhdojkafka l=ukdldrfha j;alñ j, fldmuK
ld, iSudjlgo hkdÈhhs'
fufia fhdojkafka ;ukaf.a uqo,ao tfia
fkdue;skñ Khg fyda whsrd l%uhg ,nd.;a
uqo,ao hkak wjOdrKh lr .eksu l< hq;=h '
w;e;s uqo,a Ndú;fhka fldgia ñ,È .eksu
fuysÈ wdfhdaclhd fldgia ñ,È .ekSsu lrkq
,nkafka ;ud i;=j mj;sk w;e;s uqo,a Ndú;
lr w;amsg uqo,ghs' tysÈ ir,ju ;u uq o,a
fhdojd fldgia ñ,g .ekSu isÿfú' iene f,iu
fuysÈ Tn ;u uqo,a fhdojkafka l=ukdldrfha
fldgia j¾.hlo" lafIa;%hlo hkak fmr
m¾fhaIK u.ska ;yjqre lr.; hq;=h' th ñg
fmr ±kqñj;a jq wdfhdack wruqKq iu. fyd¢ka
.e<mSuo isÿúh hq;=uh' tfukau fuf,i w;amsg
uqo,g ñ,È .eksula i|yd ;u uqo,a
imhd.kakd udOH ie,lSu w;sYh jeo.;a fú'
iuyfrla ;u b;=reñ uqo,a fñ i|yd
fhdod.;a;o ;j;a iuyfrla bvñ jeks j;alñ
úlsKsfuka fyda WlialsÍfuka ,nd.kakd uqo,a
muKla fkdj nexl=fjka iDcqju ,nd.kakd Kh
uqo,a fldgiaj, wdfhdackhg fhdod .eksu
isÿlrhs' tfy;a
j;alï úlsKSfuka fyda nexl= Kh u.ska
,nd.kakd uqo,a" fldgia j, wdfhdackh lsÍu
lsis úfgl;a isÿ fkdl< hq;= jkafka Tfì uq,H
m%;s,dN ms<sn| ksrka;r wjodkula fldgiaj,
wfhdackfhaÈ ?¢ ;sfnk ksihs'
wdka;sl .kqfokq (Margin Trading)
wdka;sl ñ,§ .eksula hkq .kqfokqlre úiska
;u ;e/õldr wdh;kfhka uqo,a ,ndf.k
fldgia ñ,§ .eksuls' fuh iEnE f,iu Khlg
iudk;djla fmkakqï lrk w;r" tysoS Kh
uqo,g wod, fldgia m%udKh wemhla f,i
;e/õldr wdh;kh ika;lj mj;S'
b;du ir<j ú.%y l<fyd;a hï wemhla iys;j
;e/õldr wh;khlska ,nd.kakd Kh uqo,lg
fuh iudk fõ' wdka;sl .kqfokqj,oS fldgiaj,
wdfhdaclfhl= f,i Tng ñ,§ .ekSug yels
m%udKhg jvd Tng fldgia ñ,È .eksug
ud¾.h i,id fokq ,nhs' fuysoS wjOdrKh
lr.; hq;= ldrKh jkafka Tng fuu Kh
myiqlu fyda wdka;sl myiqlu i,id
fokq ,nkafka Tn ñ,È .eksug wfmalaId lrk
m%udKhg fkdj bka fldgilg úuhs'
fï wdldrhg wdka;sl .kqfokq j, ksr;ùu
i|yd Tng wksjd¾hfhkau idudkH .sKqfuka
fjkiajq wdka;sl .sKqula mj;ajdf.k hd hq;=h'
ffk;sluh jYfhka ;e/õldr wdh;khlg
.Kqfokqlrefjl= fjkqfjka wd;a;sl .sKqula
wdrñN lsÍu i|yd .kqfokqlref.a w;aik
wksjd¾hfhkau wjYH fõ' tmuKlao fkdj
;e/õldr wdh;kh úiska fuu wd;a;sl Kh
.sKqï wdrñNfhaoS .kqfokqlre iu. .súiqulg
t<fò' fuys wka;¾.; m%Odk;u ldrKh
jkafka ;e/õldr iud.u u.ska ,ndfokq ,nk
wdka;sl myiqlug wemhla jYfhka tu
jákdlug wod, fldgia m%udKh ;uka
ika;lfha ;nd.eksug ffk;sluh ;yjqrejla
,nd.eksuhs'
 23 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
fuu wdka;sl .Kqfokq fld<T jHdmdr jia;=
yqjudrej ;=< isÿ lsßfñÈ m%Odk wdldr follg
wkqj isÿfú'
;e/õldr wdh;kh úiska iDcqju
.kqfokqlreg Kh fyda wdka;sl myiq lï
,ndfok w;r" túg ;e/õldr wdh;kh yd
.kqfokqlre w;r muKla ne¢ula yg.kS' tu
ne¢u ;yjqre jkafka fmr i|yka lrk ,o
.súiqu u.sks' fuu .súiqu Wml,amk yd ta u;
f.dvkexjq fldkafoais u; ks¾udKh lr.kakd
,oaols'
wfkla wdka;sl Kh myiqlï ,nd.ekSfï
ud¾.h kï wdka;sl Kh myiqlï imhk jdKsc
nexl= fyda uq,H wdh;k ydryd fuu myiqlï
i,id .ekSuhs' tysÈ wdka;sl Kh myiqlï
imhk wdh;kh" ;e/õldr iud.u yd
.kqfokqlre hk ff;%md¾YAjhu wka;¾.; jk
wdldrhg .súiqulg t<fò' fuysoS wdka;sl Kh
myiqlï imhk wdh;kh úiska wdka;sl Kh
iSudj ;SrKh lrkq ,nk w;r tu iSudjg
hg;aj lrkq ,nk .kqfokq i|yd wdfhdaclhd
fjkqfjka ;e/õldr wdh;khg f.ùu isÿlrkq
,nkafka wdka;sl Kh myiqlu imhkq ,nk
wdh;kh úisks'
wdfhdaclhd wdka;sl .kqfokqj,g t<öfï
jdis
.Kqfokqlrejkag fuys we;s jdish kï ñ,§
.ekSfï yelshdj j¾Okh lr.ekSsug wjldYh
ie,iSuhs' fuh f;da,kh (Leverage) f,i
w¾:l:kh fõ' wdh;khla fyda mqoa.,fhla ;u
jev ms<sfj,la i|yd Kh uqo,la ,nd.kafka
fldhs wdldrfhkao fuf,i Kh ,ndf.k
wdfhdackh lsÍuo ta wdldrfhau ls%hdj,shls'
fuu ñ,§ .eksfï yelshdfõ Wmßu ,dNh
w;am;a lr.; yelafla ñ, .Kka by< hk
fjf<|fmd<l§h' fuys§ ksjerÈj wdfhdackh
f;dard.; fyd;a wdka;sl Kh uqo, Tnf.a
m%;s,dNh l%udkql=,j j¾Okh lÍug iu;ajkq
we;'
tfukau b;du nqoaêu;aj wdka;sl Kh l%uh
fhdod.; fyd;a wvq uqo,lska b;du by<
m%;s,dNhla w;am;a lr.; yelsh'
Tn wdka;sl .Kqfokqj,g t<fTkafka
kï b;du nqoêa u;a jkak'''
nexl=jlska fyda fjk;a uq,H wdh;khlska Tn
Kh uqo,la ,nd.kakd wdldrhgu fï i|ydo
Tn fmd,shla f.úh hq;=h'
fld;rï Tnf.a ñ,È .eksfï yelshdj
w;sf¾lj j¾Okh jqjo ñ, .Kka my< jefgk
fjf<|fmd< iajNdjhla ;=< ;u uq`M jákdlu
;j ÿrg;a my< uÜgulg m;aúh yelsh' fufia
uq,a jákdlu ;jÿrg;a b;du my;a" uÜgulg
m;ajk wjia:djloS ;e/õldr wdh;kh fuu
fldgia úlsKSug mjd fm<öug bv ;sfí'
j¾;udkfha wmg olakg ,efnk ;;a;ajh kï
wdOqksl wdfhdaclhka mjd fjf<|fmd<
jd;djrKhka ms<sn|j ksis wjfndaOhlska
f;drj wdka;sl Kh .Kqfokq i|yd fhduq ùuhs'
tyoS w;a±lSï ;=< ;uka ,dNhla ,nkq fjkqjg
b;du mdvq iy.; uÜgug wdOqksl
wdfhdaclhska m;ajkq fmfka'
miq.sh ld,jljdkqfõoS ;e/õldr wdh;k
yryd Kh ,ndoS lrk ,o .Kqfokqj, jákdlu
b;du by< w.hla ù ;snqK s' wdfhdaclhkag hï
fyhlska fulS Kh uqo,a mshùug fkdyels
jqjfyd;a tu ;e/õldr wdh;khka lvd
jeàug ,laùfï m%jK;djhla mj;S' tu ksid
jir 2010 oS YS% ,xld iq/l=ïm;a yd úksuh
fldñIka iNdj u.ska fuu Kh ,nd§fï iSud
mekjq w;r j¾;udkfhaoS th hï muKlg
,sys,a fldg ;e/õldr wdh;kfha uqo,a we;=`M
øjYS, j;alï m%udKh u; Kh §u ;Skaÿ flf¾'
wdka;sl .Kqfokq nqoaêu;aj lsÍu
úpdrYS,s yd nqoaêu;a wdfhdaclfhl= jYfhka
wdka;sl .kqfokqj,g t<öu b;du ie<ls,su;aj
l< hq;= ls%hdjls'
iajdNdúlju fldgiaj, uqo,a wdfhdackh b;du
by< wjodkï iy.; ls%hdj,shla ksid kej;
Kh uqo,la ,nd.ekSsu ;=< idudkH wjodkï
uÜgu b;du by< uÜgulg m;afõ' th
;ukaf.a wjodkï ord .eksfï uÜgu wNsnjd
hkaf ka kï wdka;sl .kqfokqj,g wj;S¾K fkdù
isàu kqjKg yqreh'
 24 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
tfukau Tn wdka;sl .Kqfokqj,g wj;S¾K jk
úg ñ,§ .eksug wfmalaId lrk iq/l=ïm;a
b;du fyd| ie,ls,af,ka lrkq ,nk
m¾fhaIKhka yrydf;dard .eksu
jeo.;afõ' fï i`oyd iud.ï lsysm hl
fldgiaj, ñf,ys yeisÍu flfrys wjOdkh
fhduq lsÍu l< hq;f
= õ'
jvd;a nqoaêu;aj i,ld n,k úg fmfkkafka
wdka;sl Kh u.ska .Kqfokq lghq;=j, ksr; ùu
flá ld,Sk wdfhdack i|yd muKlau iqÿiq jk
njhs' Ⱦ> ld,Sk wdfhdack ie,iquloS wdka;sl
Kh .kqfokq mj;ajdf.khdu §¾> ld,Skj
wu;r uqo,la fmd,sh f,i f.ùug fya;=jk
ldrKdjls' ta ksid jvd;au kqjKg yqre ;SrKh
jkafka"
• ;u wdfhdack wjYH;dj
• fjf<|fmd<" iajNdjh yd ls%hdldÍ;ajh
• ;u uq,H yelshdj
hk lreKq u; ;d¾lslj msysgd wdka;sl Kh
.kqfokq j,g fhduq ùuhs'
fldgia ñ,§ .ekSu g fyda úlsKSug
fmr Tn ±k .; hq; = lreKq≤
fldgia fjf<`ofmdf,a Tn ñ,§ .ekSug fyda
úlsKSu g weKjqula bÈßm;a lsÍug fmr my;
i|yka f;dr;=re Tn ika;lfha ;nd .; hq;=hs'
▪ Tfí CDS .sKqï wxlh
▪ Tn fldgia ñ,§ .kafka kï ta i|yd
.kqfokq Èfkka f;jk Èkhg m<uqj
f.ùï l< hq;= nj'
▪ Tn úl=Kkafka kï" úl=Kqï l%shdj,sfha §
f.ùï isÿjkafka Tng wod< ;e/õldr
wdh;kh u.ska ksl=;a lrkq ,nk —
wdodhlhdf.a .sKqug muKs˜ f,i i|yka
fplam;lsks' tfukau Tng wjYH kï
f¾Lkh fkdlrk ,o fplam;lska f.ùï
b,a,d isàfï yelshdj mj;S'
▪ fldgia m%udKh( ksYaÑ;j fldgia ixLHdj
fyda Tn ñ,§ .kafka kï ñ,§ .ekSu
i|yd fhoùug wfmalaId lrk uqo,
i|yka lsÍu l< hq;=h'
▪ fldgia ñ,( fjf<| weKjqula fyda
iSudiys; weKjqulao hkak' fjf<|
weKjqula hkq mj;akd fjf<|fmd< ñ,
hgf;a .kqfokq ùuls' th fndfyda úg
.kqfokqjlska wjika fõ' iSudiys;
weKjqul§ Tn Wmßu .ekqï ñ,la fyda
wju úl=Kqï ñ,la i|yka lr .kS' ñ, yd
fjf<|fmd< ld, mrdih u; tys
fjf<odug n,mEula we;s lrhs'
▪ weKjqfï ld,h( Tfí weKjqu tu fjf<|
Èkhg isÿfkdjqkfyd;a" th B<`. Èkfha §
.kqfokq wdrïN lrk wjia:dfõ§ kej;
bÈßm;a l< hq;=o hkak fyda th bÈßhg
mj;ajdf.k hd hq;= Èk .Kk'
▪ weKjqula i|yd wod< ;e/õldr .dia;=j
yd tys iïmQ¾K .kqfokq msßjeh'
ñ,§ .ekSu
Tng "X" iud.fï fldgia ñ,§ .ekSug wjYH
kï¦
1' Tfí ;e/õlreg ñ,§ .ekSug leu;s
fldgia .Kk" ñ, yd leu;s iud.fï ku
±kqï fokak'
2' ;e/õlre Tfí weKjqu .e<mSu isÿ lrhs'
3 weKjqu l%shd;aul jQ úg Tn i|yka l<
ñ,g ñ,§ .;yels jQ m%udKh Tyq Tng
±kqï fokq we;' .eKqï l%shdj,sh ksujQ úg"
ñ, § .ekSfï ;=Kavqj Tng ;eme,a u.ska
,efí'
úlKSul§
Tng "X" iud.fï fldgia úlsKSug wjYH kï¦
1' Tfí wdfhdackfhka bj;a ùu i|yd
;e/õlreg iud.fï ku" ñ, yd fldgia
.Kk ioyka lrkak'
2' ;e/õlre Tfí weKjqu .e<mSug W;aidy
lrhs'
3' tu weKjqu .e<mSug$iïmQ¾K lsßug
fkdyels jqj fyd;a Tnj Tyq ±kqj;a lr
Bg wu;rj Tfí leue;a; u; iqÿiq ñ,la
;SrKh l<hq;=h' bkamiq .e<mqkq úg tu
.kqfokqj ksulrhs'
Tfí ;e/õlre fldgia úl=Kq miq Tng¦
4' .kqfokqj i|yd úlsKsfï ;=Kavqjla ,efí'
 25 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
ñ, § .ekSfï ;=Kavqj yd úlsKSfï ;=Kavqj
.súiqï m;% ke;skï iy;sl lsÍfï igyka f,i
i,lk fïjd Tng tùu isÿlrkafka Tfí
weKjqu .kqfokqjla njg m;a jqjfyd;a muKs◊'
fïjd Tfí .kqfokqj iïmQ¾K jQ njg idlaIs
imhk ;=Kavq fõ'
fïjd ;e/õlre úiska Tng tjk w;r" B<`.
.kqfokqj wdrïN ùug fmr" tu Èkfha Tfí
.sKqfï isÿjq ishÆu .kqfokq ±kqï fohs'
fuu ñ, § .ekSfï ;=Kavq yd úlKSfï ;=Kavq
b;d wjOdkfhka kej; Tfí igyka wkqj
fidhd n,d tajd Tn ika;lfha r|jd ;nd .ekSu
b;d jeo.;a fõ'
CDS m%ldYkh
CDS m%ldYkh ;=< isÿl< ish`Mu .kqfokqj,
idrxYhlao ;ud i;= fldgia fYaIho fmkakqï
flf¾'
fuu jd¾;dj ;=<ska Tng(
• ;e/õlre Tfí Wmfoia j,g wkqj fldgia
ñ, § .ekSu$ úlsKSu isÿ≥lr we;so hkak
fidhd ne,sh yel' ^fï i|yd Tn i;=j
we;s fldgia ñ, § .ekSfï$úlsKSfï ;=Kavq
iu`. ii|dπn,kak&
• hï wkjir ñ, § .ekSula $ úlsKSula
Tfí .sKqfï isÿj weoao hkako úu¾Ykh
l< yelsh'
udisl yd ld¾;= m%ldYk l%shdYS,S ^tkï
wju jYfhka uilg $ ld¾;=jlg tla
.kqfokqjla j;a isÿlr we;s& l%shdYS,S
.sKqï ysñhkag udih fyda ld¾;=j
wjidkfha hjkq ,efí' jd¾Isl m%ldYhla
l%shdYS,S fkdjk .sKqï ysñhkag ^j¾Ih
;=< lsis .kqfokqjla isÿ fkdlrk ,o
kuq;a .sKqï fYaIhla we;s& iEu jirlu
ud¾;= ui 31 jk Èk ksl=;a lrhs'
Tfí CDS .sKqï m%ldYkfha fjkila
we;súg"
• ;e/õldr wdh;kfha wkql+,;d
ks,Odßhdg ,sÅ;j meñ◊Ks,a,la bÈßm;a
isÿl, hq;=hs'
• ;e/õldr wdh;kh Èk 7 la we;=<; Tfí
meñ◊Ks,a,g ms<s;=re tùu isÿ fkdl<
fyd;a th ms<sn|j fld<U fldgia
yqjudrej ±kqj;a l< hq;=h'
• .eKqï$úl=Kqï ;=Kavq Tfí .kqfokqfõ
idlaI shla f,i Ndú; jk ksid tajd ii|d
n,d jerÈ .kqfokq fidhd ne,Su isÿl,
hq;=hs'
jeo.;a
• CDS yd ;e/õldr wdh;khg Tn Tfí
ksjerÈ yd j¾;udk ,smskh ,nd§ we;s nj
;yjqre lr .ekSfuka miqj jevlrk Èk
mylg miqj;a Tfí jd¾;d fkd,efnkafka
kï th Tfí ;e/õlreg ±kqï Èh hq;=h'
• Tn mj;ajdf.k hk jd¾;d" CDS
m%ldYkh iy ñ, § .ekSfï$ úlsKSï
;=Kavq lshjd ii|dπne,Su Tfí j.lSuls'
• wdfhdaclhl= f,i Tfí CDS .sKqfï isÿjk
.kqf okq Tn oekqj;aj isÿúh hq;= w;r"
.kqfokqjla Tfí wkq±kqu u; isÿù
ke;akï lreKdlr blaukska wod<
wêldÍka ±kqj;a lsÍu isÿl, hq;=h'
fíreïlrKh
.kqfokq fíreïlsÍu isÿjkafka T+3 moku
u;h' tkï fldgia ñ,§ .ekSfïÈ .ekqïlre
.kqfokqj isÿl< Èk isg t<fUkakdjQ ;=kajk
Èkfha uqo,a f.úh hq;= w;r fldgia úlsKSul§
úl=Kqïlreg .kqfokqj isÿ jQ Èk isg ;=kajk
Èkfha ;e/õlre uqo,a f.úh hq;=h'
.kqfokq msßjeh
.kqfokq i|yd Tnf.ka whjk úúO msßjeh
j._ my; i|yka fõ'
remsh,a ñ,shk 100 la olajd jQ .kqfokq i|yd
uq¿ .kqfokq msßjeh 1'120]
;e/õldr wdh;kh i|yd 0'6400]
fld<U fldgia jia;= yqjudrej
i|yd 0'0840]
 26 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
uOHu ;ekam;= l%uh i|yd
iq/l=ïm;a yd úksuh fldñifï
fiia noao
fldgia .kqfokq i|yd .dia;=j
remsh,a ñ,shk 100g jeä .kqfokq
uqΩ¿ .kqfokq msßjeh ^wju&
;e/õldr wdh;kh i|yd
^wju&
fld<U fldgia jia;= yqjudrej
i|yd
uOHu ;ekam;= l%uh i|yd
iq/l=ïm;a yd úksuh fldñifï
fiia noao
fldgia .kqfokq i|yd .dia;=j
iajhxl%Sh .kqfokq l%uh 2012 j¾IfhaÈ kjH
moaO;shlg (ATS Version 7) fhduqùu ksid
l,ska fldgia 100 l wjuhla f,i i|ykaj ;snQ
fldgia yqjudre lsÍfï wju m%ud◊Kh fldgia 1
la olajd wvq úh' tu ksid fld<U fldgia
yqjudrefõ yd Y%S ,xld iq/l=ïm;a yd úksuh
fldñIka iNdfõ wOHCI uKav, ;SrKhlg
wkqj wju ;e/õldr .dia;=j jQ remsh,a 10 l
uqo, yd uOHu ;ekam;= l%uh i|yd f.úh hq;=
wju uqo, jQ remsh,a 5 l uqo, bj;a lrk ,È'
0'64] l ;e/õldr .dia;=j yd 0'024] l uOHu
;ekam;= l%u .dia;=j ñ,shk 50 f;la ishÆ
.kqfokq i|yd 2012 wfm%a,a 10 jk Èk isg
l%shd;aul jk mßÈ wod,fõ'
2012 ud¾;= ui isg l%shd;aul jk mßÈ re'25 l
Ndrldr nexl=jla yryd .kqfokq lrk úg wh
flreKq .dia;=jo bj;a lrk ,§'
Tfí ;e/õlre
Tfí ;e/õlref.a fiajdj iïnkaOfhka Tn
;Dma;su;a úh hq;= w;r Tng CDS .sKqï
lsysmhla wdrïN l< yels ksid" Tfí ;e/õlre
fjkia lsÍu i|yd kj CDS whÿïm;la kj
;e/õlre yryd bÈßm;a l< hq;= fõ'
0'0240] Tn úfoaY.;ù isák Y%S ,dxlsl
wfhdaclfhl= o@
0'0720]
0'3000] fldgia j, úfoaYSh wdfhdackh
wkqu; úfoaYsh rgj, wruqo,a yd l,dmSh
0'6125] wruqo,a" úfoaYhkays ixia:dmkh lrk ,o
iud.ï iy úfoaYhkays Ôj;a jk mqoa.,hskag
0'2000] ^úfoaY rgj, fjfik Y%S ,dxlslhska o we;=Ω`Mj&"
,xldfõ mj;sk kS;shg mokïj hï iSud yd
fldkaf oaiS j,g hg;aj ,xldfõ wdfhdackh l<
0'0525] yel'
0'0150]
úfoaYSh wdfhdaclfhl= f,i kï l<
yelafla'''
0'0450]
my; ldKAv j,g wh;a mqoa.,hska úfoaYSh
0'3000] wdfhdaclhska f,i ie,fla'
• furg fyda úfoaYhl Ôj;a jk jhi wjq(
18 g jeä úfoaYSh mqrjeishka
• úfoaYhkays Ôj;a jk jhi wjq( 18 g jeä
Y%S ,dxlslhska
• úfoaYhkays ixia:d.; fyda ia:dms; lrk
,o iud.ï
• iq/l=ïm;a yd úksuh fldñIka iNdj
úiska wkqu; lrk ,o l,dmSh wruqo,a
Tn by; i|yka hï ldKAvhlg wh;a jkafka
kï Ndrldr nexl=jla fyda n,m;%, dNS fjf<|
nexl=jla iu`. m%;suqL wdfhdack .sKqula
(Inward Investment Account) wdrïN l< hq;=
fõ' iq/l=ïm;a wdfhdack .sKqu (IIA) Y%S ,xld
remsh,a .sKqula jk fyhska wdfhdaclhskag
rcfha iq/l=ïm;a ^NdKavd.dr ì,am;a yd
neÿïlr&" ,xldfõ ixia:dms; iud.ïj,
fldgia yd tallNdrj, o wdfhdackh l< yel'
fuu.ska úfoaY wdfhdaclhkag uQ,H kS;s
W,a,x>kh fkdlr wdfhdað; uqo,a fjk;a ´kEu
uqo,a j¾.hlg mßj¾;kh l< yels jk w;r
tajd nÿ j,g hg;a fkdfõ'
fuys i|yka ;erõldr wdh;khl fyda Ndrldr
nexl=jlska m%;suqL wdfhdack .sKqu (IIA) wdrïN
l< yelhs ' Tn ±kgu;a ,xldfõ n,m;%,dNS
nexl=jla yd .kqfokq lrkafka kï tys
iïnkaO;d l<uKdlre weu;Sfuka
wka;¾cd;sl nexl= fiajd yryd m%;suqL
 27 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
wdfhdack .sKqu (IIA) wdrïNh yd Bg wod<
fiajdjka ,nd .; yel'
úfYaI lreKq
CDS .sKqï ysñhdf.a mÈxÑh ^Y%S ,xldfõ isg
úfoaYhlg& fjkiajk úg $ YS% ,xldfõ mÈxÑj
fkdue;s YS% ,dxlsl hka i|yd .sKqï wdrïN lrk
úg my; i|yka úfYaI lreKq i,ld ne,sh hq;=h'
• hï wdfhdaclfhl= ;u fkajdisl ,smskh
fjk;a rglg udre lrk wjia:djl§
;ukag bÈß ld,fha§ lrkq ,nk .kqfokq
isÿlsÍug kj CDS .sKqula wdrïN l<
hq;=h' tys§ isÿlrk kj ñ,§ .ekSï yd
úlsKSï l< hq;af;a jd◊Ksc nexl=jla u.ska
wdrïN lrkq ,nk iq/l=ïm;a wdfhdck
.sKqula yryd hs' tu kj wfkajdisl hka
i|yd jk CDS .sKqu úfoaYSh mqoa., .sKqï
(Foreign Individual Accounts) j¾.hg wh;a
.sKqula f,i y÷kdf.efka'
• wdfhdaclfhl= ;uka wfkajdisl fhl= ùug
m%:u lrkq ,nk ishÆ fldgia ñ,§ .ekSï
;ukaf.a uq,a CDS .sKqug muKla ;ekam;a
l, hq;= w;r tajd kj úfoaY mqoa., .sKqï
j¾.hg wh;a CDS .sKqug ;ekam;a lsÍug
wjYH kï úksuh md,ljrhdf.a wjirh
,nd.; hq;=h' tfukau tA nj CDS
wdh;khgo ±kqï§u l< hq;=h'
• tfukau wfhl=g j¾;udk CDS .sKqfï
;sfnk fldgia ;u úfoAYSh mqoa., .sKu
q g
udre lsÍug wjYH kï ta i|ydo úksuh
md,l wjirh ,nd.; hq;=h'
• wdfhdaclfhl= úfoaYSh mqoa., .sKqï wdrïN
lsÍfuka miqj ;ukag fmr ;snQ CDS .sKqfï
fldgiaj,g wod<j ,efnk ,dNdxY fyda
ixÑ; m%d.aOkSl rKhla jeks idx.ñl
ls%hdldrlï yryd j¾Okh jk wruqo,a
yqjudre md,k wêldßhkays wjirh
fkdue;sj ish;g .ekSu l< fkdyelsh'
• hï wdfhdaclfhl=f.a uq,a CDS .sKqu ;=<
;sfnk fldgiaj,g wod<j yÿkajdfok
wdfhdack .sKqu yryd uqo,a tùfuka ysñlï
ksl =;=jg iyNd.S úh yelsh' túg tu wod<
fldgia m%udKh muKla úfoaY mqoa.,
.sKqug udre l< yelsh'
CDS .sKqul ysñlrefjl= ;u mÈxÑh Y%S ,xldfõ
isg fjk;a rglg udrelsÍug wfmaCId lrkafka
kï" ta i|yd my; f;dr;=re CDS wdh;khg
iemhSu l< hq;=h'
1' .sKqfï whs;sl re w;aika lrk ,o .sKqï
wdrïN lsÍfï wdlD;s m;%h
2' j¾;udk mosxÑh ;yjqre lsÍfï ,shú,s
3' ;yjqre lsÍfï jd¾;d iu`. iq/l=ïm;a
wdfhdack .sKqfï f;dr;=re
4' mÈxÑh fjkia lÍfï wjia:dj f;la
wdfhdack l<fò wvx.= fldgia m%udKh
5' úfoaY .uka n,m;%fha msgm;la
6' úksuh md,k fr.=,dis i|yd jk
wkql +,;dj ±laùug wod, .sKqfï
ysñlref.a m%l dYh
CDS e-Connect ^fiajdodhl fjí wvúh&
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i`oyd wjYH hdj;al d,Sk jQ o;a; ,nd.ekSu i`oyd
CDS e-Connect kñka fiajdjla 2016 jif¾ isg
wrUk ,oS' ;ksmqoa. , .sKqï ysñhkag" wdh;ksl
.sKqï ysñhkag yd wdka;sl myiql ï iemhqï
lrejkag fï yryd fiajdj imhd .; yelsh'jeä
úia;r i`oyd www.cds.lk fyda cds.info@cse.lk
úfoaYSh wdfhdaclhkaf.a j.lSu
úfoaYsh wdfhdaclfhl= f,i Tn" mÈxÑ rfÜ
n,meje;afjk kS;shg hg;a úh hq;= nj u;l
;nd .; hq;= w;r Bg wkql +, ùu yd Wmfoia ,nd
.ekSu o Tfí j.lSuls'
fjf<|fmd< yeisÍu yd tys miqìu
fldgia fjf<|fmd<l iuia; yeisÍu tys ñ,
o¾Yl u.ska fmkakï lrhs' fldgia
fjf<|fmd<l ñ, o¾Yl j, yeiÍu foi
ne,SfïoS th jfrl by< hk w;r jfrl my<
hhs' fuhg uq,slj n,mdkq ,nkafka fldgia
fjf<|fmd< ;=< ,ehsia;=.; iq/lïm;a j, ñ,
.Kka j, fjkia ùuhs' fï i|yd úúO fya;=
idOl n,mdk w;r tajd ksis f,i wjfndaO lr
.eksu jD;a;Suh fldgia ysñlrefjl=g ;u
;SrK .ekSfñ ld¾hh jvd;a úpdrYS,s yd myiq
uÜgulg f.k taug Wmldß fõ'
 28 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
fmdÿ jHjydßl u;hg wkql+,j n,kl<
fjf<|fmd< ;=<§ fldgil ñ, i|yd thg
we;s b,a¨u yd iemhqu ;SrKd;aul idOl f,i
n,mdkq ,nhs' kuq;a fuu b,a¨u yd iemhqu
by< my<hdu ;SrKh ùug n,mdk lreKq
ksYaÑ; jYfhka mejish fkdyels kuq;a fï
i|yd n,mdk njg úYajdi l< yels idOl
lsysmhla uQ,sl jYfhka fldgia 3 lg wkqj fm<
.eiaúh yelsh'
1' uq, Od¾ñl idOl
2' ;dlaIKsl idOl
3' fjf<|fmd< iajNdhka
uq,Od¾ñl idOl
jvd;a lshdYS,s yd úpdrYs,s fjf<|fmd<lÈ ñ,
;SrKh jkafka uq,O¾u mokñ lrf.khs' tysÈ
uq,slj lreKq folla flfrys wjOdkh
fhduqfú' tkï bmhsï moku (Earning Base) yd
jákdlfï .=Ks;hka (Valuation Multip les)
ie,lSuhs'
idudkH fldgil ysñlrefjl=g thska ,efnk
bmhSï j,g ffki¾.sl whs;shla mj;S'
fldgila i|yd fï wdldrhg ,efnk bmhSï
j,ska kej; fldgia ñ,oS .ekSu isÿl, yel'
jákdlï .=Ks;h (Valuation Multiples) i|yd
fya;=jkafka fuhhs' th Tn wkd.;fha
Wmhd.eksï fjkqfjka j¾;udkfha jeh lsÍug
wfmalaId lrk uqo,hs'
fuu Wmhd.eksï j,ska fldgila ,dNdxY f,i
fnod yßk w;r iuyr wjia:dj,oS fuh
,dNdxY m%;s wdfhdack ie,eiaula f,i Tn
fjkqf jka iud.u úiskau kej; wdfhdackh
lrhs' wmg fuu wkd.; wdodhï" j¾;udk
bmhSï uÜgfï yd wfmalaIs; wdodhï j¾Okfha
ls%hdjka f,i i|yka l< yelsh'
bmhSï moku (Earning Base)
fldgila i|yd bmhSï" (Earning Per Share)
fldgil wdfhdckh lsÍfuka ,efnk uQ,H m;%
,dNh ukdj úoyd olajk .sKqïlrK ñkquls'
tfukau bmhïS yelshdj ukskq ,nk wfkl=;a
ñkqï o~qo mj;Ss' fndfyda újdohka fmkajd
fokafka uq,H m%udK mokï lr.;a ñkqï
idfmalaIj b;d fyd|njhs' WodyrKhla f,i
tla fldgila i|yd jk ksoyia uqo,a m%jdyhka"
bmhsï yelshdj .Kkh lsßu i|yd jk úl,am
ñkqula f,i o Ndú; fú'
;jo fuu bmhSfï yelshdj ukskq ,nk wdldrh
ta iud.u úYaf,aIKh jk wdldrh wkqj ;SrKh
jk njo o; h;q h= ' fndfyda iud.ñj,g
Tjqkg wdfõKsl m%ñ;Ska mj;S' ta w;r iuyr
uqyql=rd.sh iud.ï fldgilg f.jk ,dNdxY
wdÈho ie,ls,a,g ,lalrkafka" tho
wdfhdaclhkaf.a ,eìï ;SrKh lrk idOlhla
ksihs'
jákdlï .=Ks;h (Valuation Multiple)
jákdlï .=Ks;h wkd.; wfmalaIdjka lshdmdhs'
iene f,iu th mokï ù we;af;a wkd.;
bmehïj, jÜgï lrk ,o j¾;udk w.h
u;h' ta wkqj meyeÈ,s jk uq,sl lreKq fol
kï¦
w&' bmehsï moku u; f.dvkexjq wfmalaIs;
j¾Oh'
wd&'jÜgï wkqmd;hg tkï wkd.; bmehSïj,
j¾;udk jÜkdlu .Kkh lsÍug
fhdo.kakd w.hhs'
by< uÜgfñ j¾Ok wkqmd;hka by< uÜgfï
.=Ks;hla fldgiaj,g ,ndfok kuq;a by<
uÜgfï jÜgï wkqmd;hka my< uÜgfï
wdodhï ,ndfok njla fmkakqï lrhs' fï
wdldrhg n,k l,ayS fldgil ñ, by<hdu
fyda my; jeàu tkï fjf<|fmd< yeisÍug
n,mdk uQ,Od¾ñl idOl my; wdldrhg
idrdxY .; l< yelsh' tkñ¦
1' bmhSï mokï j, uÜgï ^fuh yryd
fldgil bmhSu - EPS, fldgil uqo,a
m%jdyh"fldgil ,dNxY wdÈ ñkqñ
ksremKh fõ&'
2' bmhSï mokfuys wfmalaIs; j¾Okh'
3' jÜgï wkqmd;h'
4' fldgil wfmalaIs; wjodku'
by; meyeÈ,s lrk ,o .Ks;uh yd ixLHd
úoHd;aul idOl u; fjf<|fmd< yeiÍu
;SrKh lÍu w;sYh ;dlaIKsl ls%hdj,shls' tu
 29 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
;dlaIKsl ls%hdj,sh ;=<oS wdfhdackh lrk
Tnf.a uQ,slu wjOdkh fhduqjkafka wxl
flfrys ñi idudchSh yd mdßißl idOl
flfrys fkdfõ' tfy;a fjf<|fmd<l iene
;;a;ajh ;SrKh lsßug fulS ixLHd úoHd;aul
idOl muKla Ndú; lsßu kqjKg yqre ke;'
;dlaIKsl idOl
fmroS Tn ±kqj;a jQ wdldrhg fldgia
fjf<|fmd<l ls%hdldÍ;ajh yd tys ñ, .Kka
;SrKh ùug uQ,O¾u u; mokï jQ idOl
n,mdkafka jqj;a iuyr wjia:d j,§ ;dlaIKsl
idOl fuhg iDcqj yd jl%d ldrj odhl;ajh
imhhs' ta wdldrhg n,mdkq ,nk ;dlaIKsl
idOl lSmhla i,ld ne,Su my; isÿflf¾'
WoaOukh (Inflation)
fu jákdlï .=Ks;fha fhojqula f,i Ndú;d
flf¾' kuq;a uQ,Od¾ñl idOl i|yd
yjq,alrefjl= f,i muKla fkdj ;dlaIKsl
idOlhla jYfhka o WoaOukh fldgia
fjf<|fmd< ñ, yeisÍug n,mdkq ,nhs'
tfukau my< WoaOukh jd;djrKhka jákdlï
.Kkh lsÍu iu. b;d ±ä m%;sf,dau
in|;djhla mj;S' tfukau my< WoaOukh
jákdlfï .=Ks;hla i|yd ud¾.h we;s lrhs'
wfkla w;g .;al< wjOukh ^ñ, my;
fy,Su & idudkHfhka fldgia i|yd wys;lr fõ'
ta tu.ska iud.ïj, ñ,ldrl n,h (Pricing
Power) ì| jeàug ,laúh yelsh'
fjf<|fmd< ;=< wd¾Óluh Yla;su;aNdjh
(Economic Strength of the Market)
fndfydaúg iud.ï fldgia fjf<`ofmdf<a yd ta
yd iudk wd¾Ól ls%hdldrlï iu. ;SrKh ùfï
keUqre;djla mj;S' fldgia fjf<`ofmd<l
yqjudrejk fldgiaj, ñ, .Kka wod<
lafIa;%f ha wd¾Ól jd;djrKh tu lafIa;%fha kj
m%jK;d fukau ta yd iudk fyda iu.dó fjk;a
iyh lafIa;%j, ñ, fjkiaùuo u;
WÉpdjpkhkag ,laúh yelsh' ta wkqj ñ,
.Kka j, by< my<hdu i|yd wd¾Óluh
jYfhka fjf<`ofmd<l" fjf<| lafIa;%hl
ia:djr;ajh wdÈh n,mdkq ,nhs'
m%cd úoH;aul idOl (Demographical Factors)
wdfhdaclhkaf.a jhia iSudjka fldgia
fjf<`ofmd<l yeisÍug n<mdk wdldrh fuys§
wjOdkhg fhduq flf¾' tkï jhia LdKavj,g
wkql+,j wjOdku oeÍfï m%udKh ;SrKh jk
w;ru tfukau ta wkqj fldgia fjf<`ofmdf<a
.Kqfokq lsÍu fyda bj;aj hduo ;SrKh fõ'
fndfyda ;reK yd ueÈjhia LdKavfha
wdfhdaclhka by< uÜgulska fldgia
fjf<`ofmd< wdfhdackhg keUqrejla olajk
w;r by< bmhSula o ,nhs' fcHIaG mqrjeiss hka
;u úY%dñl jhfia§ ixlS¾K wjOdkula ±Íug
wlue;s w;ru ta ksidu fjf<|fmdf<ka
kslauhdug jeä keUqrejla olajhs' fï f,ig
wdfhdackh lrk uq`M m%udKfhka jeä fldgila
ueÈ yd ;reK jhia ldKavh ksfhdckh lrñka
fldgia i|yd by< b,a¨ula we;sùu yryd ñ,
.Kkaj, fjkiaùug n,mEula t,a,fõ'
m%jK;d (Trends)
b;du ir< ;;a;ajfha§ fldgiaj, ñ, by<
my< hdu flá ld,Sk m%jK;d u; isÿfõ' tla
w;lg ie,lSfï§ fjf<|m< by<g
.ukalrkakd jQ m%jk;djh wdfhdclhkag
fldgia fjf<`ofmdf<ys wdfhdckh lsÍu i`oyd
W;af;ackhla imhhs' kuq;a iuyr úgl§
fldgiaj, yeisÍu idudkH m%jK;dj u; isÿ
fkdjk wjia:do mj;S'
flfia fj;;a m%jK;d isoaêhla f,i f.k ;SrK
.ekSug Woõ lr .kakjd ñi m%jK;d u;
msy sgjd ;SrK .ekSu t;rï kqjKg yqre fkdjk
njhs'
øjYS,S;dj (Liquidity)
øjYS,S;djh hkq fldgia fld;rï blaukska uqo,a
njg fmr<sh yelso hkakhs' fuh jeo.;a jqj;a
iuyr wjia:dj,§ fki,ld yßk ,o
ldrKdjls' fï u.ska tla fldgila i|yd
wdfhdaclhka i|yd mj;sk leue;a; lshdmdhs'
fuys§ wdfhdaclhka ;ukaf.a yÈis
wjYH;djhl§ yels;dla blaukska uqo,a njg
mßj¾;kh lr .;yels fldgia j,g fhduqùfï
iïNdú;djh b;d by< uÜgul mj;S' ta
 30 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
wdldrhg wdfhdacl m%cdjf.a uQ,sl wjYH;d fï
i|yd fhduqjk úg b;d by< uÜgfï b,a¨ula
wod, ksYaÑ; øjYS,S;djfhka by< fldgia
i|yd fhduqfõ' tfukau by< øjYS,S;djhla
;sîu by< .kqfokq m%udKhla isÿùug u.mdohs'
.kqfokq m%udKh by<hdu ñ, .Kka
WÉpdjpkhg n,mEï we;slrhs'
fjf<|fmd< iaj Ndjhka
fjf<|fmd< iajNdjh yqfolau fjf<|fmd<
iyNd.Slrejkaf.a ufkdaNdjhka u; ;SrKh
fõ' Tjqka mqoa.,slj yd iduQyslj lghq;= lrk
wdldrh fuhg n,mEï t,a, lrhs' fjf<|fmd<
foi wdfhdaclhska n,k wdldrh fukau ta yryd
Tjqkaf.a ;SrK.ekSï n,mEula jkafka iudc
úoHd;aul wdldrhghs' tkï ldf,ka ld,hg
ráka rgg fjkiajk iajNdjhla .ekSuhs' ta
i|yd wdfhdaclhkaf.a ±kqu" Tjqka ±kqu
,nd.ekSug olajk leue;a; yd ta u; ;SrKh
.kakd wdldrh b;du by< n,mEula t,a,
lrhs'
fï wdldrhg fjf<|fmd< ñ, .Kka by< my<
hdug n,mdk idOl úYaf,aIKh lsÍfï§
wdfhdaclhkaf.ka wdfhdaclhdg n,mdk
idOlhka fjkiafõ'
fndfydaùg flá ld,Sk wdfhdack j,g fhduqjk
mqoa.,hka ;dlaIKsl idOl flfrys jeä
wjOdkhla fhduq lrk w;r È.=ld,Sk
wdfhdackj,g fhduqjk mqoa.,hska uQ,Od¾ñl
idOl j,g uQ,sl ms<s.ekSula ,ndfok w;r
;dlaIKsl idOl iqúfYaIS N+ñldjla ksrEmKh
lrk nj okS'
tfy;a fuys§ ;dlaIKsl idOl yd fjf<|fmd<
iajNdjhka hk idOl flá ld,Skj ks;r ñ,
.Kka WÉpdjpkhkag ,laùug n,mEï
t,a,lrk w;r uQ,O¾u u; msysàu §¾>ls,Skj
ia:djr ñ,la f.dv kexùug u. mdohs'
Tnf.a fldgiaj, l%sh dldÍ;ajh fldhs
wdldro@
Tn ±kgu;a fldgiaj, wdfhdackh fldg
;sfnkakg mq`Mjk' tkï Tn fldgiaj,
wdfhdackh lsÍug ;SrKh lf<a Tng tu.ska
by< uÜgfï m%;s,dNhka ,nd.ekSfï
wfmalaIdfjks' fuysoS Tn ñ,oS.;a fldgiaj,
l%shdldÍ;ajh ukskafka Tng ,efnk m%;s,dN
m%udKfhka muKlao@ fndfydaúg Tng ,efnk
m%;s,dNh .Kkh flfrkafka Tn thska
Wmhd.kakd m%udKh wkqjhs'
Tn wdfhdackh lsÍug ;SrKh l< miq Tn
f;dard.;a fldgia ish,a, Tnf.a wdfhdack
wruqKq iu. .e<mSu;a tfukau Tnf.a uQ,H
yelshdj u;;a ;SrKh úh hq;=h' tu ksidu
Tnf.a fldgiaj, ls%hdldß;ajh uekSu i|yd
Ndú; l< hq;= ñïu jkafka ;u wdfhdack
wruqKq bgqùu fyda fkdùu yd ;u uQ,H yelshdj
ia:djr uÜgul mj;ajd .ekSuhs' Tnf.a
fldgiaj, ld¾h idOkh fyd| fyda krl ùu
i|yd Tn ldrKd lSmhla flfrys wjOdkh
fhduq l< hq;=h'
;uka ysñldÍ;ajh orK fldgia ;ukaf.a
wdfhdack wruqKq yd wjOdkï ord.ekSfï
yelshdj iu. fkd.e<fmkafka kï tu
fldgiaj, ld¾h idOkfhka Tnf.a wdfhdack
wruqKq idOkh lr.ekSug fkdyelsfõ' tu
fldgia ord isàu ;jÿrg;a Tn fjfyig m;a
lrkakla ñi Tng wjYH ,dNh fyda jákdlï
j¾Okh ysñlr fokakla fkdfõ'
tmuKalao fkdj Tn úiska f.úh hq;= nÿ fyda
wfkl=;a .dia;= f.jq miq Tn wfmalaIs; wdodhï
uÜgï idOkh lrf.k fkdue;s kï tu fldgia
;jÿrg;a Tn ;ndf.k isàfuka m,la fkdfõ'
tkï tlS fldgiaj, ld¾h idOkh Tng
whym;a wdldrhg n,mE yel' ;jo j¾;udk
fldgia ysñlug jvd fjk;a iud.ul fldgia
jvd jeä m%;s,dN ,ndfokafka
kï j¾;udk fldgia Tng hym;a wdldrhg
ls%hdlrkjd hehs lsj fkdyelsh'
fï wdldrhg Tn b;du meyeÈ,sj jgyd .;
hq;= lreKla ;sfí' tkï Tng ysñ fldgiaj,
ls%hdldÍ;ajh fyd| fyda krl ùu hkq tu
ksYaÑ ; fldgfiys ñ, by< hdu yd tu.ska Tng
m%d.aOk ,dN ,eîu muKla fkdfõ' tu.ska
Tnf.a wdfhdack ±lauo idOkh úh hq;=h'
Tnf.a wdfhdack ±lau yd fkd.e,fmkafka kï
fld;rï ñ, by< fldgila fyda ,dNdxY f.jk
fldgila fyda jqj fyd¢ka l%shd lrkafka hehs lsj
 31 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
fkdyelsh' tu ksid úpdrYS,s udkisl;ajhlska
hq;a nqoaêu;a wdfhdaclhd ks;ru ;u wdfhdack
wruqKq kej; kej; mßlaId lrñka iioñka
;u fldgia ksrka;rfhkau ;ukag .e<fmk
wdfhdack ud¾.hka njg fmr<d .ekSug
W;aidy orhs'
fldgiaj, wdfhdackfha§ Tn j¾Okh
lr.; hq; = l=i ,;d
wdfhdackh lsÍ fï Tfí l=i ,;d j¾Okh
lr.kak
wdfhdackh b;du .eUqre ±kqula iu. ne§
mj;skakls' tys§ kHdhd;aulj m¾fhaIK yryd
wfkl=;a ud¾.hkaj,skq;a ,nd.;a ±kqu
m%dfhda.sl ;,hg .e<mSu jeo.;afõ'
wdfhdackh lsßug wjYH uq,sl kHdhd;aul
±kqu ,nd.;a Tn m%;s,dN ,eìh yels
wdfhdackhla i`oyd l=i,;d mQrKj tu ±kqu
fufyhjkafka flfiao@
Tfí wOHhk yd wOHdmk l=i,;dj
wdfhdackh ms<sn`oj wOHdmkh ,nd.eksfï§
fukau tu ,nd.;a ±kqu wOHhkh lsßfï§ Tn
jD;a;Sh fldgia ysñlrefjl= f,i b;du
ie,ls,su;a úh hq;=h'
tkï ;u;a ,nk wOHdmksl f;dr;=re yd thg
Ndú; jk uQ,dY% f;dr;=re j,x.= iy
ksrjoH;djfhka hqla; jkafkao hkakhs' thg
fya;=j fndfyda wdfhdaclhka ;u wdfhdack
;SrK i|yd Ndú; lrkq ,nk wOHdmksl
f;dr;=re jkafka lgl;d yd udOH u.ska
m<lrkq ,nk m¾fhaIK uÜgfï fkdjk ,sms
f,aLKhs' fïjd wdfhdack f;dr;=re ,nd.ekSug
muKla wjYH uQ,dY% f,i Ndú; l< yels jqj;a
;SrK .ekSug tajd wod, lr fkd.; hq;=hs'
fld<U fldgia yqjudrej fyda YS% ,xld
iq/lïm;a yd úksuh fldñiu u.ska ixúOdkh
fldg fufyhjkq ,nk wOHdmksl jevigyka
Tng j,x.= wOHdmksl oekqu úYaf,aIKd;aul
,nd.; yels fyd|u ud¾.hhs'
tfukau fld<U fldgia yqjudrefõ fjí wvúh
yd m%ldYko fï i|yd Ndj; l< yelsh'
fï ish,a, u.ska Tn ,nd.kakd j,x.= ±kqu yd
f;dr;=re wOHhkh fldg úYaf,aIKh lsÍu Tn
i;= j.lSuls' ta ukaoh;a f;dr;=re fyda ±kqu
m%dfhda.sl Ndú;h ;=<ska ;SrK .ekSug iajdëk
ud¾.hla újr lrk ksihs' ta i|yd Tn
;jÿrg;a ixikaokh lsÍï tfukau ksjerÈj
jd¾;d .; lr.ekSfï yd uQ,dY% Ndú; lsÍï
ms<sn|j ukd wjfndaOhlska hqla; ùu b;d
jeo.;a fõ'
Tfí iaj m¾fhaIK l=i ,;d j¾Okh lr .kak
m¾fhaIKh lsÍfïÈ ksrka;rfhkau hï hï foa
Tng wjYH ke;ehs bj; ±ñfuka je<lsh
hq;=h' b;du l=vd wOHkhlska mjd iïmQ¾K
wdfhdack ;SrKhu .;yels uÜgulg Tn
m;aúh yelsh' tys§ iaj m¾fhaIK l=i,;dj hkq
fjk;a md¾Yajhl o;a; jd¾;d u;u hefmkafka
fkdue;sj ;ukaf.a o;a; yd f;dr;=re u;u
m¾fhaIKhka f.dvkxjd .ekSuhs'
jD;a;Sh uÜgfï wdfhdaclfhl=g fuh b;du
jeo.;a jkafka fï yryd ;ukq;a ±kqu o;a;
fidhd hkafkl= f,i j.lSula we;slr .ekSuhs'
tfia fkdue;s úglÈ Tng ;SrK i|yd mokï
f,i Ndú; lsÍug jkafka f;jk md¾Yajhl
o;a; yd m¾fhaIK jd¾;dhs' tajdfhaÈ iuyr
wjia:djlÈ m¾fhaIKh lrkq ,nk wdh;kfha
fyda mqoa.,hdf.a mqoa.,sl m%fõYhka yd
u;jdohka ksrEmkh jkakg ms<sjk'
fï wdldrhg ;u iajwOHhk m¾fhaIK ;=<È
wod, l¾udka;h ms<sn| wOHkh yd úYaf,aIKh
jHdmdßl iajNdjh úYaf,aIKh" jHdmdrfha uQ,H
lafIa;%fha ia:djr;ajh úYaf,aIKh wdÈ l%u
yryd wjidkfha§ jHdmdrfha j¾Okh ms<sn|
wkd.; ±laula b;du myiqfjka f.dvkxjd.;
yelsh'
;u iaj wOHkfhaÈ wkH u; yd wdl,am tl
fy<du bj; fkd±óugo ie,ls,su;a jkak'
wdfhdackfha§ wkHhka iu. iy in\;d
mj;ajd .ekSu b;du jeo.;a
wdfhdack ld¾h Tn úiska yqol,dj isÿlrkq
,nk fohla fkdfõ' ta i|yd Tng md¾Yaj
 32 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
.Kkdjla iu. iy in|;d meje;aùug isÿ fõ'
fldgia fjf<|fmd<" ;e/õldr wdh;k"
Ndrldr nexl=" fjk;a uQ,H iud.ï" YS% ,xld
iq/l=ïm;a yd úksuh fldñiu" fuu wdh;k
j,ska lsysmhls'
fuu tla tla wdh;khka iu. mj;ajk ksrka; r
in|;dj ;=<ska Tjqka úiska t<solajkq ,nk
f;dr;=re o;a; ksis fõ,djg Tng ,nd.ekSug
wjia:dj ,efí' WodyrKhla jYfhka fldgia
fjf<|fmd<g wod,j YS% ,xld iq/l=ïm;a yd
úksuh fldñiu iïmdokh lrkq ,nk kS;s Í;s
m%isoaO lr fudfyd;la .;jk iekska fldgia
fjf<|fmd< fjí wvúh kSÍlaIKh
lrkafkl=g ±l.; yelhs ' tfukua ,ehis ;a
.= ; iud.ï u.ska ksl=;alrkq ,nk ks, ksfõok
wdÈh mjd Tng b;du jeo.;a fõ'
Tng ysñ ;e/õldr wdh;kh yd tys wdfhdack
WmfoaYljrhd iu. Tn ksrka;rj b;du
hym;a in|;djla mj;ajd .; hq;=h' Tn
wka;¾cd,h yryd ;ksju .kqfokq lrkafkla
jqj;a Tjqka wu;d fjf<|fmd< ms<sn| kj
m%jK;d yd ta ms<sn|j m¾fhaIK jd¾;d
,nd.ekSu Tnf.a wdfhdack ;SrK jvd;a
úpdrYS,sj .ekSug uy;a rel=,la jkq we;' tfia
Tn fomd¾Yjh w;r hym;a hdj;ald,Sk jq
in|;djla f.dvkexù ;sfnk úg fjf<|fmd<
ms<sn| kj ;;a;ajhka yd f;dr;=re ,o ieKska
Tnj ±kqj;a lsÍug Tjqka fm<fUkq we;'
Tfí mß.Kl l=i,;dj
Tn ±kgu;a okakd mßÈ j¾;udkfhaoS
fldgiaj, wdfhdackh isÿflfrkafka mß.Kl
.; iajhxl%sh .kqfokq lsÍfï moaO;sh yrydhs'
tysÈ wdfhdaclfhl= f,i ;ukag wkkHjq
iajdëk .kqfokq rgdjla f.dvkxjd .ekSug
mß.Klh Ndú; lsÍfï l=i,;dj j¾Okh lr
.ekSu b;du jeo.;afõ' fuyoS ;ksj weKjqï
ia:dk.; lsÍu muKla fkdj wka;¾cd,h
yryd ;ksj .kqfokq lsÍfï§ ld¾hlaIu f,i
Y+r f,i mß.Klh Ndú; lsÍug Tng
wjldYh i,id .ekSug kï ksrka;r wOHhkh
yd ksrka;r mqyqKqj l< hq;=h'
;jo f;dr;=re ,nd.ekSu o;a; moaO;s
ksÍlaIKh yd mj;ajdf.k hdu wdÈhg wjYH
uDÿldx. ±kqu kùk f,dalfhaÈ jD;a;Sh fldgia
ysñlrefjl= f,i Tfí ±kqu j¾Okhg wjYH
l=i,;dj ksrka;rj imhkq we;'
ld,h ksj erÈj l<uKdlrKh lrkak
Tn fndfyda úg fjk;a /lshdjl ksr;jk
w;r;=roS fldgia fj<|fmd< ;=< wdfhdack
lrkjd úh yelsh' tu ksid Tng ld,h
fkdue;s lñka Tnf.a wdfhdack l<U ksrka;r
wëlaIKhg ,la lsÍug wjldYh fkd,eìhdug
ms<sjk' fujeks ;;a;aj j,§ nyq;rhla
fldgiaj, wdfhdackh lrkakka isÿlrkq
,nkafka ;u wdfhdack WmfoaYljrhdg fyda
;e/õldr wdh;khg wjYH wdldrhg wNsu;h
mßÈ .kqfokq lsÍug wjia:dj ,nd§uhs' tfy;a
jD;a;Suh fldgia ysñlrefjl= f,i Tn o; hq;=
m%Odk;u ldrKdj jkafka fldgiaj,
wdfhdackh lsÍfuka ,nk ,dNhg fyda mdvqjg
hk wjia:d folgu j.lSu Tn i;=jk njhs'
tfukau fldgiaj, wdfhdackfhaÈ fldgia ñ,È
.ekSu yd úlsKSu hk ldrKd folu l< hq;af;a
ksis l,g ksis fõ,djghs' ta i|yd ld,h
ms<sn|j ksis fmr±laula Tng ;sìh hq;= w;r
Tn ksl=;a lrk úOdkh wjidkfhaoS ,dNhla jk
njg Tng úYajdihla ;sìh hq;=h' fï ish,a,
i|yd Tng wOHkhg yd úYaf,aIKhg ld,h
wksjd¾hfhkau fjkalr .ekSug j.n,d .;
hq;=h'
fldgiaj, wdfhdackh yqfola wdodhï ud¾.hla
muKla fkdfõ'
nqoaêu;a jD;a;Sh fldgia ysñlrefjl= f,i
Tnf.a wNs,dIh uQ,Huh fkdjk ±kqu
,nd.ekSu lrdo fhduqúh hq;=h' tkï
fldgiaj, wdfhdackh yryd Tn ,nk oekqu
wdl,am yd l=i,;d ixj¾Okhhs'
iajdëk tfy;a ksjerÈ ;SrK .eksug Tn
úpdrYS,s ±kqula ,nd.; hq;=h' ta i|yd wkqu;
j,x.= ksjerÈ uQ,dY% mßyrKh l< hq;=h' tfia
,nk ksrjoH jq ±kqu Tnf.a úYaf,aIKuh
l=i,;d u.ska wdfhdack ud¾.hg m%f hda.slj
wod< lr.; hq;=h' tu.ska Okd;aul
wdl,amj,ska fyì jD;a;Sh fldgia ysñlrefjl=
njg Tn m;ajkq we;'
 33 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh
idudðl ;e/õldr wdh;k
ndÜ,SÜ fr,sf.hd filshqßàia mqoa.,sl iud.u
˜ndÜ,SÜ ksji˜" 65" fínDDla fmfoi" fld<U 2'
ÿrl:k( 5220200" *elaia( 2434985
B fï,a ( info@bartleetstock.com
fjí ( www.bartleetreligare.com
fcdaka lS,aia ;e/õldr mqoa.,sl iud.u
186" fjdlafIda,a ùÈh" fld<U 2'
ÿrl:k ( 2 342066-7" 2 306250" *elaia ( 2 342068 ÿrl:k( 2429100" *elaia(2429199
B fï,a ( jkstock@keells.com
fjí ( www.jksb.com
wefiÜ,hska filshqßàia mqo a.,sl iud.u *
120"120 A, mkaksmsáh mdr" n;a;ruq,a,
ÿrl:k ( 4700100" *elaia ( 4 700 101" 4 700 112
B fï,a ( dpgs1@sltnet.lk
fjí ( www.dpgsonline.com
fÊ î filshqßàia mqoa.,sl iud.u
150" Ydka; fcdaima udj;" fld<U 14'
ÿrl:k ( 2490900
*elaia ( 2 430 070
B fï,a ( jbs@jb.lk
fjí ( www.jbs.lk
taI sh d filshqßàia mqoa.,sl iud.u
4jk uy," ,S fycia l=MK
349" .d,q mdr"fld<U 03'
ÿrl:k ( 7 722 000" *elaia ( 2372280
B fï,a ( marketinfo@asiasecurities.lk
fjí ( www.asiasecurities.net
tia iS filshqßàia mqoa.,sl iud.u
5 jk uy," 26 î" w,aúia fmfoi" fld<U 03'
ÿrl:k ( 4711000-¡1 *elaia ( 2394405
B fï,a ( ceo@sampathsecurities.lk
fjí ( www.sampathsecurities.lk
*iaÜ lemsg,a blaúàia mqoa.,sl iud.u
fkd 02" ã,a fmfoi" fld<U 3'
ÿrl:k(¬94 11 2 639898" *elaia(¬94 11 5 736 264
B fï,a ( equity@firstcapital.lk
fjí ( www.firstcapital.lk
welaúá ;e/õldr mqo a.,sl iud.u
6 jk uy," welaúá ksji
53" O¾umd, udj;" fld<U 03'
ÿrl:k ( 2206206" *elaia ( 2206298$9
B fï,a ( sales@acuitystockbrokers.com
fjí ( www.acuity.lk
wdYd filshqßàia iud.u
fkd 60" 5 jk mgqu., fld<U 03'
B fï,a( asl@ashasecurities.net
fjí( www.securities.net
iu¾ú,a ;e/õldr mqoa.,sl iud.u
1 A, WoHdk mdr" fld<U 05'
ÿrl:k ( 2 502 852" 2 502 854, 2 502858
*elaia ( 2 502 852
B fï,a ( contact@somerville.lk
,xld filshqßàia mqoa.,sl iud.u
228$1" .dÆ mdr" fld<U 04'
ÿrl:k ( 4706757" 2554942"
*elaia ( 4706767
B fï,a ( info@lankasec.com
fjí ( www.lankasecurities.com
lemsg,a g%iaÜ filshqßàia mqoa.,sl iud.u
42" i¾ fudfyduâ udlka udl¾ udj;" fld<U 3'
ÿrl:k ( 2 174174-¡5
*elaia ( 2 174173
B fï,a ( inquiries@capitaltrust.lk
fjí ( www.capitaltrust.lk
iS à iS t,a tia ta filshqßàia mqoa.,sl iud.u
4-¡14" uefciaála isá" 10" ÿïßhfmd< mdr"fld<U 4'
ÿrl:k ( 2552290-¡4 *elaia ( 2552289
B fï,a ( info@ctclsa.lk
fjí ( www.ctclsa.lk
tka ã î ;e/õldr mqoa.,sl iud.u
2 jk uy," tka ã î lemsg,a f.dvke.s,a,"
135" fnDoaOdf,dal udj;" fld<U 4'
ÿrl:k ( 2 131000*elaia ( 2 314181
B fï,a ( mail@ndbs.lk
fjí ( www.ndbs.lk
 34 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh

.kqf okq ;e/õldr wdh;k

lemsg,a t,dhkai a filshqßàia mqoa.,sl iud.u tia tï î filshqrsàia mqoa.,sl iud.u

5 jk uy," —ñf,akshï ksji—" 2" .j¾ mdr" fld<U 5'
46$58" kjï udj;" fld<U 2' ÿrl:k( ¬94 11 5 388 138
ÿrl:k ( 2317777 *elaia ( 2317788 *elaia( 2 550 100
B fï,a ( info@cal.lk B fï,a ( info@smbsecurities.lk
fjí ( www.capitalalliance.lk fjí ( www.smbsecurities.lk

*iaÜ .d¾ãhka blaúàia mqoa.,sl iud.u tkag¾m%hsia isf,daka lemsg,a mqoa.,sl iud.u
32 jk uy," kef.kysr l=Ω¿K" f,dal fjf<| 73/1 O¾umd, udj;" fld<U 7'
uOHia:dkh" tõ,ka p;=rY%h" fld<U 1' ÿrl:k ( 2445644 *elaia ( 2372541
ÿrl:k ( 5884400 (Hunting) *elaia ( 5884401 B fï,a ( info@ecc.lk
B fï,a ( info@fge.lk fjí ( www.ecc.lk
fjí ( www.fge.com

TKS filshqßàia mqo a.,sl iud.u* ßpâ mSßia filsh qßàia mqoa.,sl iud.u
isõ jk uy," 310" yhsf,j,a mdr" kdúkak" uyr.u'
245" O¾umd, udj;" fld<U 7' ÿrl:k ( 4310500
ÿrl:k ( 7857799 *elaia ( 7857857 *elaia ( 2330711
B fï,a ( rpsfl@rpsecurities.com
B fï,a ( info@tks.lk
fjí ( www.tks.lk fjí: (
www.arpico.com/contents/service_stock_broking.php

fid*aÜf,dðla ;e/õldr mqoa.,sl iud.u ;efm%dfíka filshqrsàia mqoa.,sl iud.u

16 jk uy," jka f.da,af*aia l=Ω¿K, fld<U 02' 2 jk uy," 10" f.da;ó mdr" fld<U 8'
ÿrl:k ( 7 277 000 ÿrl:k(¬94 -11 -5 328 200" ¬94 11 5 328 100
*elaia ( 7 277 099 *elaia( 5 328 177
B fï,a ( ssb.inquiry@softlogic.lk B fï,a ( info@taprobane.lk
fjí ( www.softlogicequity.lk fjí ( www.taprobane.lk

lekav¾ blaúàia iud.u LOLC filsh qßàia iud.u

8 jk uy," ol=Kq l=¿K" ñf,akshï ksji" 481" à ' î' chd udj;"
46$58 kjï udj;" fld<U 2' fld<U 10'
ÿrl:k ( 2359100 *elaia ( 2305522 ÿrl:k ( 5 889 889
B fï,a ( info@candorh.com *elaia ( 2 662 883
fjí ( www.candor-holdings.com B fï,a ( info@lolcsecurities.com

*;e/õldr wdh;k i|yd mkjd we;s kS;s rS;s j,g wkqj fufyhqï wls%ahj mj;S .

‘;e/õldr wdh;k i|yd mkjd we;s kS;s rS;s j,g wkqj ;u fufyhqï wls%ah lr we;s ;e/õldr
wdh;k yg ;u fiajdodhlhka i|yd .sKqï újD; l, fkdyels jk w;r, tu ;e/õldr wdh;k
yg ;u fiajdodhlhka fjkqfjka fld<U fldgia yqjudrefõ .kqfokq lsrSu i|yd wjir
fkd,efnkq we;.
 35 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh

Kh iq/ l=ïm;a .Kqfokq lrk idudðl wdh;k

lemsg,a t,hkaia ,sñgâ fj,a; ag%iaÜ fiflhqßàia ,sñgâ

5 jk uy," ˜ñf,akshï ksji˜" 102/1, wdpd¾h tka tï fmf¾rd udj;" fld<U 08'
46$58 kjï udj;" fld<U 2' ÿrl:k( ¬94 11 2 675 091-4
ÿrl:k( ¬94 11 2 317 777 *elaia( ¬94 11 2 689 605
*elaia( ¬94 11 2 317 788 B fï,a: info@wealthtrust.lk
B fï,a : info@cal.lk

NSB *kaâ uefkaÊukaÜ lïmks ,sñgâ fi,dka nexl=j

400" .d¨ mdr"fld<U 3' 3 jk uy," fi,dka l=Ω¿K"
ÿrl:k( ¬94 11 2 564 601 90" .dÆ mdr" fld<U 03'
*elaia( ¬94 11 2 574 387 ÿrl:k ( +94 11 2 456 300" 4701812" 2456812
*elaia( ¬94 11 2 452 215
B fï,a: info@seylan.lk

Ndrldr nexl= wdh;k

,xld nexl=j bkaÿ iQjia nexl=j
11 jk uy," 4" ,xld nexl= udj;" fld<U 01" yegka keIk,a nexl= iud.u" l=reÿj;a; YdLdj"
ÿrl:k ( 2448348" 2338742¡55" 2544333 251" O¾umd, udj;" fld<U 07'
*elaia ( 2448606" 2346842 ÿrl:k ( 2686537" 2689176
B fï,a ( agminvestment@boc.lk *elaia ( 2681719
fjí ( www.boc.lk B fï,a ( surenim@hnb.lk

isá nexl=j N. A. fldu¾I,a nexl=j

65 C, O¾umd, udj;" fld<U 07'
ÿrl:k ( 2447316-¡8" 2449061" 4794700
*elaia ( 2445487
B fï,a ( mihiri.krishnamoorthy@citi.com
fjí ( www.citi.com
fldu¾I,a ksji" 21" i¾ rdYsla *Íâudj;"
853" fld<U 07
ÿrl:k ( 2440010-¡15" *elaia ( 5377881
B fï,a (corporatefinance@combank.net
fjí ( www.combank.net

fvdhsIa nexl=j yegka keIk,a nexl=j

86" .dÆ mdr" fld<U 03' 479" à'î'chd udj;" fld<U 10'
ÿrl:k ( 2447067" 2438057" 4791115 ÿrl:k ( 2664664
B fï,a ( susan.lappen@db.com *elaia ( 2662810
fjí ( www.db.com/srilanka B fï,a ( chanakab@hnb.lk
fjí ( www.hnb.lk

fydxfldx wekaâ Iex.ayhs nexl=j uyck nexl=j

24" i¾ ndfrdka ch;s,l udj;" fld<U 01' uQ,H iy l<uKdldrK .sKqïlrK
ÿrl:k ( 2325435" 2446591" fomd¾;fïka;=j
2446303" 4793370 Ext.7494 5 jk uy," 75" i¾ Ñ;a;ïm,ï ta' .däk¾ udj;"
B fï,a ( shehanpatterson@hsbc.com.lk fld<U 02' ÿrl:k ( 2781481" 2206782"
fjí ( www.hsbc.lk *elaia( 2434964
B fï,a ( clivef@peoplesbank.lk
fjí ( www.peoplesbank.lk
 36 fld<U ldgia fjf<`ofmd< - fldgiaj, wdfhdac kh

Ndrldr nexl= wdh;k

i ag ekav ¾â pd¾g¾â nexl=j iïm;a nexl=j

37" fhdala ùÈh" fld<U 01' 110" i¾ fcïia mSßia udj;" fld<U 02'
ÿrl:k ( 4794400" 2480000" 2480450 ÿrl:k ( 2300260" 4730630" 4730612
B fï,a ( maddegoda.krishan-S@sc.com *elaia ( 4712017" 2300142
fjí ( www.standardchartered.com B fï,a ( shashi@sampath.lk
fjí ( www.sampath.lk

iaf ÜÜ nEkal a T*a bkaähd fi,dka nexl=j

16" i¾ ndfrdka ch;s,l udj;" fld<U 01' 6 jk uy," fi,dka l=Ω¿K"
ÿrl:k ( 2326133¡5" 2439405¡6 90" .dÆ mdr" fld<U 03'
*elaia ( 2439404 ÿrl:k ( 2456789" 4701812" 2456812
B fï,a ( ceo.lk@statebank.com B fï,a ( delvinp@seylan.lk
fjí ( www.statebankofindia.com fjí ( www.eseylan.com

hqk sh ka nexl=j fkaI kaia g%iaÜ nexl=j

64 A" .d¨ mdr" fld<U 03' 256" Y%S rukdoka udj;" fld<U 15'
ÿrl:k ( 234110" 2370870" 2374100 ÿrl:k ( 4313131" 2307850
*elaia ( 2370693 *elaia ( 4313199
B fï,a ( ned@unionb.com B fï,a ( rohitha.ganegoda@nationstrust.com
fjí ( www.unionb.lk fjí ( www.nationstrust.com

mEka taIshd nEkalska fldamf¾Ika mS' t,a' iS mí,sla nEkala n¾ydâ

450" .d¨ mdr" fld<U 03' 349" wd¾' ta ä' fu,a udj;" fld<U 03'
ÿrl:k ( 2565565 ÿrl:k ( 2576289" 7290200¡07
*elaia ( 2565558 *elaia ( 2573958
B fï,a ( Udaya.Thuduwewatta@pabcbank.com B fï,a( Angelofernando@publicbank.com.lk
fjí ( www.pabcbank.com
# 04 ¡ 01" ngysr fldgi" f,dal fjf<`o uOHia:dkh"
tÉ,ka p;=rY%h" fld<U 01"
ÿrl:k( ¬94 11 2356456
B¡fï,a( info@cse.lk
fjí( www.cse.lk