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JKH quarterly results and clarification on polls boost bourse

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By Hiran H. Senewiratne

The stock market picked up throughout yesterday due to multiple reasons. Sri Lanka’s premier listed company with the highest market capitalization, JKH’s impressive quarterly earnings, gave an impetus to the market, analysts said.

Further, President Ranil Wickramasinghe announced that the presidential election will be held this year and that money has been already allocated for that purpose at the Cabinet meeting, thus nullifying speculation about a general election.

Amid those developments both indices moved upwards. The All Share Price Index went up by 131.8 points while S and P SL20 rose by 58.9 points. Turnover stood at Rs 1.46 billion with seven crossings.

Those crossings were reported in HNB, which crossed 400,000 shares to the tune of Rs 78.4 million and its shares traded at Rs 196, JKH 250,000 shares crossed for Rs 52 million; its shares traded at Rs 208.75, Ambeon Holdings 1.9 million shares crossed to the tune of Rs 27.6 million and its shares sold at Rs. 14.50, Pan Asian Bank 1 million shares crossed for Rs 22.5 million and its shares traded at Rs 22.50, Renuka Agri Rights 4 million shares crossed for Rs 21.6 million and its shares sold 90 Cents, Ceylon Lanka and Equity 2.5 million shares crossed to the tune of Rs 2.5 million; its shares traded at Rs 8.40 and Sampath Bank 200,000 shares crossed for Rs 20.3 million and its shares traded at Rs 78.

In the retail market top six companies that mainly contributed to the turnover were HNB Rs 147 million (744,000 shares traded), NTB Rs 98.9 million (801,000 shares traded), JKH Rs 80.7 million (388,000 shares traded), Hayleys Rs 59 million (633,000 shares traded), LOLC Finance Rs 38.4 million (5.8 million shares traded) and ACL Cables Rs 35 million (407,000 shares traded). During the day 1.9 million share volumes changed hands in 11349 transactions.

During the day banking sector counters performed well and became the highest contributor to the market.

Yesterday the rupee opened broadly stable at Rs 299.70/80 to the US dollar, from Rs 299.80/95 the previous day, dealers said. Bond yields were down. A bond maturing on 15.12.2026 was quoted at 9.95/10.00 percent from 9.90/10.05 percent. A bond maturing on 15.09.2027 was quoted down at 10.30/33 percent from 10.25/40 percent. A bond maturing on 15.03.2028 was quoted at 10.55/65 percent down from 10.65/70 percent. A bond maturing on 15.05.2030 was quoted at 11.55/65 percent.



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Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment

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The exchange of the MoU between the two organisations

By Sanath Nanayakkare

In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.

The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.

A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.

Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.

With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.

To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.

Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.

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Hettich celebrates a decade in Sri Lanka with partner meet in Colombo

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Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality

Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.

The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.

The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.

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GS Evo Motors launches all-new JMEV EWIND

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Priyantha Perera, Chief Executive Officer of GS Evo Motors (left), and Sunil Wettasinghe, Chairman of GS Evo Motors, introducing the latest JMEV Ewind Electric SUV to the local market

GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.

The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.

The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.

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