Sri Lanka Equity launches SMS Research Alerts on Colombo stocks
Monday, 16 February 2015 00:00
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Sri Lanka’s No.1 Stock Market Information and Research Platform that offers free fundamental, technical and socio-political analysis on listed equities in Sri Lanka for investors around the globe today launched the SMS Research Alerts Service to over 9.4 million subscribers of the country’s flagship communicator Dialog Axiata in a bid to increase more investor participation at Colombo Stock Exchange and to educate investors across Sri Lanka.
Accordingly the officials of the company said that any investor or person who is interested in subscribing to Sri Lanka Equity Analytics Research SMS can subscribe by simply typing REG slef and SEND the SMS to 77002 from their Dialog mobiles.
Speaking on the launch Sri Lanka Equity Analytics founding company Global Media Networks Ltd Chief Executive Officer Jit Wijayapura said that Sri Lanka Equity Analytics that provides social-political and economic insights on Sri Lanka’s listed equities expect to reach the millennial and older Sri Lankan generations that are mobile savvy in a bid to increase the participation of investors in Colombo Stock Exchange, the country’s only capital market.
“Today the world is about carrying your handheld device everywhere you go and to reach and get information of everything from your handheld device. I always tend to think ever since Alexander Graham Bell founded the first practical telephone the world has gone so far in making everyone and everything around the globe coming closer,” Wijayapura pointed out adding that with younger Sri Lankan generations mostly depending on their mobiles Sri Lanka Equity is poised to deliver free financial knowledge and literacy to the country via the new SMS Research Alert Service.
“Some economists and experts in Sri Lanka have been always in the opinion that 70% of Sri Lanka’s nearly 21 million populace lack financial literacy although Sri Lankans have the highest literacy rate of a 92% being the No.1 in South Asia and also being a nation that has one of the highest literacy rates leading in Asia,” he said.
Wijayapura stressed that thus Sri Lanka Equity Analytics SMS Research Alerts intend to deliver financial and capital market wisdom to countrymen at a mere cost of Rs. 30 plus taxes per month on their Dialog mobiles.
“We will also make similar platforms in other mobile operators of the country. We have been in the business as Sri Lanka Equity Analytics since July 2009 for almost over five years and a half now. And our main vision and mission is to deliver financial literacy to Sri Lankans on investments and savings via the technological platforms,” Wijayapura added.
Having pioneered the No. 1 stock market news and live discussion platform www.srilankaequity.com for equity investments in Sri Lanka – Sri Lanka Equity Forum that has a strong base of a social network, Wijayapura said that Virtual Stock Exchange to date connects more than 12,000 stock market investors keen on investing in Sri Lanka’s listed stocks from around the globe via Sri Lanka Equity Analytics Forum. He said further it helps them discover value and political-socio and economic climate and the dynamics of the country. The company has also ventured into a stock market game titled ‘Virtual Stock Exchange’ that is currently available for download via Google App Store and Apple App Store that is freely downloadable.
