Business
CSE hits Rs. 23 billion record turnover; Browns Investments transactions account for 73 per cent
By Hiran H.Senewiratne
The CSE recorded its highest ever turnover yesterday amounting to more than Rs. 23 billion, with crossings and retail tradings in Brown Investments shares contributing approximately 73 percent to the turnover. Companies belonging to Ishara Nanayakkara, namely Oxford Capital Pvt Limited and Churchill Capital Pvt Limited sold their shares in Browns Investments to Brown and Company, stock market analysts said.
It is said that Oxford Capital held 1.1 billion and Churchill Capital 985 million of Browns Investments shares and together they sold 2.6 billion shares to the tune of Rs. 16.85 billion, with each share being traded at Rs. 5.40. With the crossings Brown and Company which held a 46.06 percent stake in Browns Investments increased its shareholding to 60.64 percent, stock analysts said.
Amid those developments, in the early session of the day the CSE witnessed some selling pressure. However with the Browns Investments crossings or internal transactions, the market became normal, but both indices indicated a downward trend. All Share Price Index went down by 101 points and S and P SL20 went down by 77.57 points. Turnover stood at Rs. 23.75 billion with the crossing in Browns Investments.
In the retail market top five companies that mainly contributed to the turnover were, LOLC Holdings Rs. 1.37 billion (2.6 million shares traded), Sampath Bank Rs. 590 million (2.94 million shares traded), Expolanka Rs. 515.5 million (9.8 million shares traded), Browns Investments Rs. 514 million (76.4 million shares traded) and Vallibel One Rs. 513 million (6.2 million shares traded). During the day 86 billion share volumes changed hands in 42246 transactions.
In terms of volume of shares and number of trades, the performance in January was unprecedented. Over 10 billion shares changed hands via 960,300 trades. In comparison just 84 million shares in January last year and 163 million in 2019. The number of trades in January of 2020 and 2019 were 19,790 and 22,854 respectively.
CSE saw rapid net foreign selling though analysts opined they can’t be blamed as they are making rightful capital gains exiting when the market was on the rise. This was evident by the fact that Sampath Bank, which rose on the share sub division move, saw Rs. 1.9 billion in net selling. JKH saw Rs. 891 million worth of exits.
Friday’s net foreign selling was Rs. 2.3 billion, highest in nine months and took the year to date figure to Rs. 8.5 billion. Foreign investors sold Rs. 4.57 billion net last week as opposed to Rs. 2.36 billion a week earlier.
Sri Lanka rupee quoted stronger at 191/192 levels in the spot market yesterday, while bond yields were flat in dull market trade, dealers said. The rupee closed around 191.25/192 to the US dollar on Friday.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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