Business
World Bank-inspired buoyancy continues in stock market
By Hiran H.Senewiratne
The stock market bounced back yesterday after witnessing profit- takings over the last few days. A favourable growth forecast of 4.4 percent for 2024 by the World Bank helped the bourse to move up, market analysts said.The All Share Price Index went up by 130.5 points, while S and P SL20 rose by 34.48 points.
Turnover stood at Rs 2.3 billion with five crossings. Those crossings were reported in JKH, which crossed 1.1 million shares to the tune of Rs 616 million; its shares traded at Rs 196, Digital Mobile Solutions Limited 2.3 million shares crossed for Rs 88.5 million; its shares traded at Rs 38.50, Royal Ceramic 805,000 shares crossed for Rs 26.5 million; its shares traded at Rs 33, Chevron Lubricants 185,000 shares crossed for Rs 23.2 million; its shares sold at Rs 125.75 and CIC 300,000 shares crossed to the tune of Rs 22.7 million; it’s shares fetched Rs 75.8.
In the retail market top event companies that mainly contributed to the turnover were; Commercial Bank Rs 150 million (1.4 million shares traded), HNB Rs 123 million (564,000 shares traded), JKH Rs 108 million (559,000 shares traded), LMF Rs 92 million (2.9 million shares traded), Lanka IOC Rs 81.7 million (712,000 shares traded), Commercial Bank (Non- Voting) Rs 67.9 million (802,000 shares traded) and Sampath Bank Rs 66.9 million (809,000 shares traded). During the day 81.3 million share volumes changed hands in 160000 transactions
It is said that High net worth and institutional investor participation was noted in Citizens Development Business Finance, JKH and HNB. Mixed interest was observed in Sampath Bank, Commercial Bank and Dialog Axiata, while retail interest was noted in SMB Leasing, Waskaduwa Beach Resort and Softlogic Capital.
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
Commercial Bank leads nationwide aquatic clean-up drive
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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