Business
Retail investors account for approx. Rs.3bn of CSE turnover
By Hiran H.Senewiratne
The CSE’s overall performance yesterday was positive with the active participation of retail investors, who contributed approximately Rs 3 billion against seven crossings The crossings accounted for 12 percent of the turnover, stock market analysts said.
Amid those developments, Laugfs Gas PLC and Laugfs Power PLC, in the Laugfs Group, saw their voting and non voting share prices appreciate without, apparently, a proper reason, stock market analysts said. Laugfs Gas voting share prices appreciated by 22 percent. Its voting price moved up from Rs 20.90 to Rs 25, which was a Rs 4.60 appreciation and the non voting share price moved up by 25 percent. It shares moved up from Rs 15.20 to Rs 19.
Both indices moved upwards. The All Share Price Index went up by 37.6 points and S and P SL20 by 16 points. Turnover stood at Rs 3.3 billion with seven crossings. Those crossings were reported in Renuka Hotel, which crossed two million shares to the tune of Rs 160 million and its share price traded at Rs 80, NDB 1.3 million shares crossed for Rs 97.5 million, its share price trading at Rs 75, Commercial Bank 500,000 shares crossed for Rs 40.9 million; its share price trading at Rs 81.80, Hemas Holdings 468,000 shares crossed for Rs 40 million, its share price standing at Rs 85.60. Sanasa Development Bank 562.000 shares crossed for Rs 29.8 million; its shares traded at Rs 53, JKH 140,000 shares crossed for Rs 21 million and its share price traded at Rs 150, while Access Engineering 800,000 shares crossed for Rs 20.6 million.
In the retail market top five contributors to the turnover were; Piramal Glass Rs 317 million (35.4 million shares traded), JKH Rs 239 million (1.6 million shares traded), Hemas Holdings Rs 176.6 million (2.1 million shares traded), Access Engineering Rs 167.6 million (6.5 million shares traded), and Expolanka Rs. 137.6 million (5.3 million shares traded).During the day 236 million share volumes changed hands in 29750 transactions.
Sri Lanka rupee quoted firmer at 185.75/25 to the US dollar in the spot next market on Friday while gilt yields remained steady in the overall market, dealers said.
The rupee closed at 186.10/40 in the spot next to the US dollar on Thursday.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
SLT-MOBITEL Enterprise launches Premium Cloud
SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.
The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.
The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.
Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.
SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.
A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.
Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.
The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.
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