Stocks

Have you ever dreamt of investing in the Colombo stock market ? Becoming a shareholder has never been this easy ! For the 1st time in Sri Lanka, the genie app brings you a fully digitalized and seamless stock trading experience in partnership with leading stockbrokers. Be it opening a CDS account, buying and selling stocks, viewing market insights or watching your portfolio grow is all now at your fingertips.

Hurry! select “Stocks” on the genie app to enjoy a simple and secure trading experience.

Key Features
Convenient Account opening Process
CDS account opening
Depositing and withdrawing from trading account
Buying and selling stocks
Access to Portfolio
Seamless Onboarding
  • End-end digitalization of the sign up process
  • Remote verification of of Know-Your-Customer ( KYC) details
  • Elimination of Hard copies or physical visits
Quick and Easy Access to your funds
  • Easily fund your account from your savings account or CEFT transfer from 3rd party app
  • Start your investment journey with just Rs. 1,000/=
  • Your capital is cashable at any time by making a simple withdrawal request.
Access to make the right investment decisions.
  • Real time details such as last traded price, current price, bids and asks of specific shares
  • Regular updates of daily market performance
  • On-call guidance from qualified Investment advisor
  • Monitor your Portfolio growth anytime
  • Diversify your investments with over 200 listed companies to invest in
FAQs
What is a Stock?
A stock is a unit of ownership in a company. If you own a stock, that makes you a shareholder. This means you may be eligible to receive dividends if the company performs well and you may have a vote in some company decisions.
What is a Stock Exchange?
A stock exchange provides a liquid, open market for buying and selling of shares, debentures etc of publicly owned companies.
What is the Colombo Stock Exchange (CSE)?
The organization responsible for the operation of the stock market in Sri Lanka is known as the Colombo Stock Exchange. The CSE is a company limited by guarantee duly established in Sri Lanka and licensed by the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a stock exchange in Sri Lanka.
Why should I invest in the Stock Market?
A stock market investment is one of many potential investment vehicles in which you can invest your disposable income and reap the returns of its growth over a period of time. Stock prices rise and fall in value daily and investing in stable stocks would make you a profit at the point of sale. In addition to the capital gains in stocks you would also receive dividends declared by companies. However, you must keep in mind that dividend payments are not mandatory and solely depend on the decision made by the Listed Company. Other forms of investments, when compared to the stock market, can be reasonably illiquid, which means they cannot be immediately sold and easily converted into cash. Investing in stocks therefore gives an investor a considerable amount of financial control because of their flexibility and liquidity. Investing a part of your extra money in shares, along with investments in other asset classes, is also a great way to diversify your investments and spread the risk
What is a listed company?
Raising of funds by a company to support its growth by selling ownership interests to the investing public, those shares need to be listed and traded on that country’s stock exchange/s. Also these companies need to be in compliance with an Exchange’s set of listing rules.
How do I purchase shares?
You can purchase on the Secondary Market through a stock broker which we have partnered with on the genie app
What is a CDS account?
In order to trade in Colombo Stock Exchange (CSE), it is mandatory for investors to open a CDS account through an authorized Stockbroker firm. A CDS account is similar to a standard bank deposit account and acts as a means of representing ownership and movement of securities listed on the CSE.
Why should I open a CDS account?
The CDS account enables you to participate in trading on the CSE. Securities you purchase will be added into your CDS account and similarly securities that you sell will be deducted from your CDS account
How do I open a CDS account?
You can log in to the Genie app, click on stock trading tile and then select open an account to submit your details in order to open a Securities Account in the CDS. Upon submission your details will be assessed by the stockbroker which will be sent to CSE for account creation.
Do I have to submit any documents to open a CDS?
Front and rear image of your NIC, Proof of billing (Only if it’s different from NIC address), proof of bank account number and Selfie needs to be uploaded in the e-form.
What are the fees Charged for opening a CDS account?
Opening of a CDS account is free of charge
How long does it take to open a CDS account?
Once you have submitted your e-form and verified your e-mail address it will take up to 3 business days for the stock broker to complete the verification process which is carried out as per the regulatory standards. This process includes a phone call or physical verification too.
What do I do 1st after opening a CDS account?
Login to Genie app and click stock trading tile and go to your stock trading dashboard. You need to add money to your trading account to start buying and selling stocks.
What are the Payment methods that I can use to add money to my trading account?
• Other bank savings account • Genie Digital Savings account • Fund (CEFT) Transfer via 3rd party mobile banking app or web portal • Minimum deposit value is LKR 1,000
What are the applicable charges when you add money to your trading account?
•genie Digital Savings account - Free of charge •Other bank savings account - Free of charge •Fund (CEFT) Transfer via 3rd party mobile banking app or web portal – Respective charges from the bank may apply.
How do I withdraw money?
Login to genie app and click the stock trading tile to access the stocks dashboard. Now you can click the withdraw button to request a withdrawal from your trading account In order to withdraw money, you need to have sufficient balance available to withdraw in your trading account. It will take up to 2 business days to process your request from the stockbroker’s end
What is Unsettled cash?
It is the value of shares sold and cash yet to be settled. After settling, “unsettled cash” balance gets transferred to the “available to withdraw” balance. This will take upto 3 business days from the date of sale. Please note if you buy shares from the unsettled cash balance, the pending amount to be settled will be deducted according to the value of shares bought. For further inquiries, please contact your stockbroker on ssb.inquiry@softlogic.lk or call 0117277000
What is the transaction cost applicable for a trade?
For transaction below Rs. 100 Million Respective charge Rate Brokerage Fees - 0.640% CSE Fees - 0.084% CDS Fees - 0.024% SEC fess - 0.072% Share Transaction Levy - 0.300% Total - 1.12% For transaction above Rs.100 Million Respective charge Rate Minimum brokerage (floor) - 0.200% CSE Fees - 0.0525% CDS Fees - 0.0150% SEC Fees - 0.0450% Share Transaction Levy - 0.300% Transaction Cost will be applied on a step up basis for transactions over Rs.100 Million.
On what days and times can I trade shares?
The CSE is open from Monday to Friday every week of the year, except on public and bank holidays. Please check the CSE website for any special notice on holidays. General Trading times: 10.30-12.30 pm Trading hours are subject to change based on the CSE’s discretion
What is an odd lot?
A bundle of shares which is less than 100 in quantity is considered an odd lot
Can I trade odd lots on the online trading system?
Yes you can
What are the risk associated with investing in stocks?
Risks associated with investing in stocks directly relates to the stock prices. The prices of stocks fluctuate, sometimes drastically. The price of a security may move up or down, and may even become valueless. It is likely that losses may be incurred rather than profits made as a result of buying and selling securities.
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