Business
CSE goes down to 100 points but witnesses late recovery
By Hiran . H Senewiratne
The stock market yesterday at the outset noted a sluggish performance and went down to 100 points but later recovered, market analysis said.
Due to volatile situation both indices moved downward. The All Share Price Index went down by 56 points, while the S and P SL20 went down by 20.7 points. Turnover stood at Rs 3.2 billion with nine crossings.
Those crossings were reported in HNB, which crossed 2 million shares to the tune of Rs 228, JKH 10 million shares crossed to the tune of Rs 210; its shares traded at 21.30, PGP Glass 2.5 million shares crossed to the tune of Rs 25 million and its shares traded at Rs 30,Halyey Fabrics 900,000 shares crossed for Rs 45.4 million; its shares traded Rs 30, Singer (Sri Lanka) 2.1 million shares crossed to the tune Rs 41.8 million; its shares traded at Rs 19.80, Dipped Products 925,000 shares crossed to the tune of Rs 36 million; its shares sold at Rs 39, Commercial Credit 674,000 shares crossed to the tune of Rs 28 million; its shares traded at Rs 41.50, Commercial Bank 200000 shares crossed for Rs 23.2 million; its shares fetched Rs 110 and Valibel One 400,000 shares crossed to the tune of Rs 21.8 million and its shares traded at Rs 54.50.
In the retail market top performing companies were JKH, Commercial Bank, Pan Asian Bank, Access Engineering and Hayleys Fabrics. The manufacturing sector was the highest contributor to the turnover. During the day 117.4 million shares volumes changed hands in 18063 transactions.
Yesterday, the rupee opened flat at Rs 293.00/05 to the US dollar, dealers said, from 293.00/15 on the previous day, while bond yields were steady.
A bond maturing on 15.12.2027 was quoted at 11.45/50 percent, from 11.40/55 percent.
A bond maturing on 15.03.2028 was quoted at 11.65/75 percent, down from 11.68/78 percent.
A bond maturing on 15.06.2029 was quoted stable at 11.95/12.05 percent.
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.
-
News5 days agoMastermind Naufer Moulavi among 15 found guilty
-
News7 days agoHatton youth protest against reported death sentence for Lankan in Saudi Arabia
-
News7 days agoMahaweli rises as heavy rain triggers flood, landslide fears
-
News6 days agoProtest against setting up of cement factory in highly populated area near BIA
-
Midweek Review5 days agoThileepan’s fast unto death: An authentic narrative that many missed
-
Latest News3 days agoShowers above 100 mm are likely at some places in the Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara Districts
-
Editorial6 days agoTrouble beginning in earnest
-
Editorial5 days agoBig Bad Bills
