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Positive debt restructuring developments give share market added impetus

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By Hiran H.Senewiratne

The stock market was extremely bullish throughout yesterday and banking sector counters performed remarkably well due to positive debt restructuring developments. It is said that Citi Bank has been appointed manager for the exchange of bonds and for expediting the whole process and this created some impetus to market activities, market analysts said.

Further, the Official Creditors Committee (OCC) has given its consent to ending the debt restructuring process, thus enabling banking sector counters to perform well during the day.

Consequently, investor participation in the share market, inclusive of the retail and institutional sectors, has improved, while the turnover has also grown over the last few weeks, stock brokers said.

The All Share Price Index went up by 111.15 points, while S and P SL20 was by 51.72 points. Turnover stood at Rs 2.78 billion with seven crossings. Those crossings were reported in Commercial Bank, where 750,000 shares crossed to the tune of Rs 79.5 million; its shares traded at Rs 106, Central Finance 500,000 shares crossed for Rs 60 million; its shares traded at Rs 120, Sampath Bank 500,000 shares crossed for Rs 41.3 million; its shares traded at Rs 82.50, TJ Lanka 724,000 shares crossed to the tune of Rs 30.4 million; its shares sold at Rs 42, Pan Asian Bank 1 million shares crossed for Rs 20.8 million; its shares traded at Rs 189 and PickMe 520,000 shares crossed for Rs 20.3 million; its shares sold at Rs 39.

In the retail market top seven companies that mainly contributed to the turnover were; Sampath Bank Rs 311 million (3.75 million shares traded), Commercial Bank Rs 261 million (2.4 million shares traded), Pan Asia Bank Rs 255 million (1 million shares traded), Citrus Waskaduwa Rs 173 million (85.2 million shares traded), HNB (Non- Voting) Rs 109 million (620,000 shares traded), JKH Rs 100.4 million (531,000 shares traded) and NTB Rs 90 million (672,000 shares traded). During the day 169 million share volumes changed hands in 17722 transactions.

It is said that the banking sector was the highest contributor, especially Commercial Bank and Sampath Bank, to the turnover, while the manufacturing sector, mainly TJ Lanka and JKH, was the second largest contributor to the market.

Yesterday, the rupee opened stronger at Rs293.75/294.25 to the US dollar, from Rs 294.00/35 a day earlier, while bond yields were broadly steady, dealers said. A bond maturing on 15.12.2027 was quoted at 11.45/55 percent, down from 10.50/60 percent. A bond maturing on 15.02.2028 was quoted at 11.60/70 percent, down from 11.70/80 percent. A bond maturing on 15.06.2029 was quoted at 11.85/12.00 percent.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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