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Bourse’s bullish exuberance sustained by banking sector

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By Hiran H.Senewiratne

The stock market was extremely bullish yesterday and banking sector counters drove the market due to prevailing market- friendly economic conditions.

Both indices moved upwards. The All- Share Price Index went up by 291 points while S and P SL20 rose by 163 points.

Turnover stood at Rs 10.2 billion with ten crossings. Those crossings were reported in Commercial Bank, which crossed 5.5 million shares to the tune of Rs 775 million; its shares traded at Rs 141, HNB 1.4 million shares crossed for Rs 452 million; its shares traded at Rs 320, JKH 7.5 million shares crossed to the tune of Rs 169 million and its shares traded at Rs 32.50, LB Finance 1.3 million shares crossed to the tune of Rs 116 million; its shares sold at Rs 83, CCS 736,000 shares crossed for Rs 60 million; its shares traded at Rs 81, Seylan Bank 500,000 shares crossed to the tune of Rs 35 million; its shares traded at 70, Lanka IOC 200,000 shares crossed for Rs 25.2 million; its shares sold at Rs 120, Ambeon Capital 1 million shares crossed to the tune of Rs 23.2 million; its shares traded at Rs 23.20 and Browns Investments 3 million shares crossed to the tune of Rs 21.3 million; its shares fetched Rs 10.1.

In the retail market, companies that contributed to the turnover were HNB Rs 647 million (2 million shares traded), JKH Rs 498 million (22.1 million shares traded), Pan Asia Bank Rs 400 million (12.2 million traded), DFCC Rs 349 million (3.2 million shares traded), Royal Ceramic Rs 338 million (7.5 million shares traded) and Sampath Bank Rs 310 million (2.6 million shares traded). During the day 291 million shares volumes changed hands in 44000 transactions.

It is said that the banking sector was the biggest contributor to the turnover; especially HNB and Commercial Bank, while second largest contributor was the manufacturing sector, especially JKH.

Yesterday the rupee opened at Rs 292.40/60 to the US dollar in the spot market, broadly unchanged from Rs 292.40/70 on Friday, while bond yields were steady, dealers said.

A bond maturing on 15.12.2027 was quoted at 9.75/90 percent.

A bond maturing on 15.10.2028 was quoted at 10.42/48 percent, down from 10.08/18 percent.

A bond maturing on 15.09.2029 was quoted stable at 10.65/75 percent.

An auction of Rs. 80,000 million Treasury Bonds was ongoing.

The Central Bank announced an auction of Rs 168,000 million worth Treasury bills will be held Wednesday.



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Dr RAD Jeewantha named most innovative dentist of the year

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Dr Jeewantha receiving the award

Dr. R. A. D. Jeewantha was honoured as the Most Innovative Dentist of the Year at the Business World International Awards, 2025. Organised by the Business World International Organisation, the award ceremony was held recently at the Mount Lavinia Hotel. A graduate of the Faculty of Dental Sciences, University of Peradeniya, Dr. Jeewantha has built a reputation as one of Sri Lanka’s most respected and forward-thinking dental surgeons. After gaining vital experience in Government hospitals, including the Teaching Hospital in Karapitiya, he also served at a leading private hospital before launching his own practice—Doctor J Premium Dental Care in Delkanda, Nugegoda.

His dental clinic is known for offering advanced, patient-focused treatments in restorative dentistry, cosmetic procedures, and implantology, using state-of-the-art technology. Dr. Jeewantha is especially skilled in dental implants, having completed the American Residency Course in Dental Implantology at Roseman University, accredited by the American Academy of Implant Dentistry. Dr. Jeewantha holds fellowships from the International College of Continuing Dental Education (FICCDE) and the Pierre Fauchard Academy (USA). His advanced skills include modern root canal treatments using Mineral Trioxide Aggregate (MTA) for both surgical and non-surgical procedures.

He has completed international trainings in digital dentistry, full-arch implantology techniques like All-on-Four and Zygomatic Systems, and smile design using digital 3D scans. He has participated in global dental events such as the Asia-Pacific Dental Congress and completed training at institutions including the University of Manchester and North Western State Medical University in Russia. His courses have covered everything from intraoral scanning to managing tooth wear. He has previously received many local and international awards. Dr. Jeewantha also serves the community as a Justice of the Peace for All Island.

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IIHS Foundation in Biological Studies offers fast-track route to global health careers

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The Foundation in Biological Studies at IIHS provides a unique alternative for students looking to fast-track their health careers after their Ordinary Level (O/L) exams. This programme offers a direct route to global health careers, bypassing traditional A/Ls. With over 1,000 students already advancing to universities in Australia, the UK, and Finland, IIHS has positioned the course as a reliable launchpad for careers in fields like medicine, nursing, biomedical sciences, and digital health. “This programme is a game-changer, offering a transformative journey into global healthcare education,” said IIHS CEO Dr. Kithsiri Edirisinghe.

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Seylan Bank Reports Strong Growth in Q1 2025 Financials

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Seylan Bank has recorded a Profit before Tax (PBT) of LKR 4,199 million in Q1 2025, marking a 13.36% growth compared to LKR 3,704 million in Q1 2024. Profit after Tax (PAT) rose by 20.29%, reaching LKR 2,761 million, up from LKR 2,295 million in the corresponding period of 2024.

Despite a decrease in net interest income by 8.37% due to market interest rate reductions, the bank’s net fee-based income grew by 13.83%, driven by fees from loans, cards, remittances, and other services. Total operating income for the quarter was LKR 11,258 million, a 3.83% decrease from the previous year, while operating expenses rose by 4.62%, largely due to increased personnel and other operating costs.

Impairment charges were significantly reduced by 83.17%, totaling LKR 262 million, reflecting the bank’s solid credit quality and proactive provisions. The bank’s impaired loan ratio improved to 1.98% from 2.10% in Q1 2024, with a provision cover ratio of 80.74%.

Seylan Bank’s total assets grew to LKR 785 billion, with loans and advances reaching LKR 469 billion and deposits totaling LKR 647 billion. The bank’s capital adequacy ratios remained strong, with the Common Equity Tier 1 Capital Ratio at 13.67% and Total Capital Ratio at 17.64%.

In addition to its financial performance, Seylan Bank continued its commitment to education, opening 16 more “Seylan Pahasara Libraries,” bringing the total to 281 libraries across the island.Fitch Ratings upgraded Seylan Bank’s National Long-Term Rating to ‘A+(lka)’ with a Stable Outlook in January 2025, further underscoring the bank’s financial stability and growth trajectory.

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