Business
Ceylinco Holdings’ share price fluctuation results in market inconsistencies
By Hiran H. Senewiratne
The stock market was somewhat dull at the outset yesterday following the selling of a Ceylinco Holdings share at a lower price but later it automatically corrected itself and began to recover. It is said that the Ceylinco Holdings per share value was previously Rs 3400 but yesterday it sold at Rs 3000, which had a negative impact on the All Share Price Index.
Amid those developments President Anura Kumara Dissanayake announced that Sri Lanka is expecting major investments from China, Japan and India. This created some confidence in the market, analysts said.
Both indices moved downwards. The All- Share Price Index went down by 197 points, while S and P SL20 declined by 66 points. Turnover stood at Rs 2.42 billion with nine crossings.
Those crossings were reported in Bogala Graphite, which crossed 6.5 million shares crossed to the tune of Rs 383 million and its shares traded at Rs 58.9, JKH 5.8 million shares crossed to the tune of Rs 119.5 million; its shares sold at Rs 20.6, Sampath Bank 1 million shares crossed to the tune of Rs 118.8 million, its shares traded at Rs 120, CCS 1 million shares crossed for Rs 78 million; its shares traded at Rs 78, Vallibel One 1.1 million shares crossed to the tune of Rs 60 million; its shares traded at Rs 56, HNB 155,000 shares crossed for Rs 50.9 million; its shares sold at Rs 309, Central Finance 200,000 shares crossed for Rs 39 million; its shares traded at Rs 195, Access Engineering 1 million shares crossed to the tune of Rs 37.5 million; its shares traded at Rs 37.5 million and Hayleys 200,000 shares crossed to the tune of Rs 27 million; its shares fetched Rs 135.
In the retail market top six companies that mainly contributed to the turnover were; JKH Rs 148.5 million (7.2 million shares traded), Sampath Bank Rs 98.2 million (834,000 shares traded), HNB Rs 90.4 million (295,000 shares traded), LOLC Rs 77 million (126,000 shares traded), Lion Brewery Rs 67.7 million (54000 shares traded) and Hayleys Rs 61 million (450,000 shares traded). During the day 60.8 million share values changed hands in 12229 transactions.
It is said that high net worth and institutional investor participation was noted in HNB, JKH, Hayleys and Pan Asia Banking Corporation. Mixed interest was observed in R.I.L. Property, Access Engineering and Nations Trust Bank while retail interest was noted in SMB Leasing, Nation Lanka Finance and LOLC Finance.
The Banking sector was the top contributor to the market turnover (due to HNB, and Sampath Bank) while the sector index lost 2.01 percent. The share price of HNB decreased.
The Diversified Financials sector was the second highest contributor to the market turnover (JKH AND HNB), while the sector index decreased.
Yesterday the rupee was quoted at Rs 295.40/50 to the US dollar in the spot market, from 295.50/55 the previous day, dealers said. Some medium tenor bond yields were slightly down ahead of a Treasury bond auction of Rs 210 billion.
Rs. 85,000 million Treasury bonds maturing on 15 December 2029, Rs. 75,000 million Treasury bonds maturing on 15 December 2032 and Rs. 50,000 million Treasury bonds maturing on 15 September 2034 are being issued through an auction.
A bond maturing on 15.12.2026 was quoted at 8.72/77 percent, down from 8.74/78 percent. A bond maturing on 15.09.2027 was quoted at 9.40/46 percent, down from 9.43/48 percent. A bond maturing on 15.02.2028 was quoted at 9.99/10.00 percent. A bond maturing on 01.05.2028 was quoted at 10.08/10.10 percent. A bond maturing on 01.07.2028 was quoted at 10.18/20 percent, down from 10.18/22 percent. A bond maturing on 15.10.2028 was quoted at 10.35/40 percent, up from 10.35/38 percent. A bond maturing on 15.09.2029 was quoted at 10.72/77 percent, up from 10.73/76 percent. A bond maturing on 15.10.2030 was quoted at 10.97/11.00 percent, down from 10.98/11.02 percent.
Business
Mahindra Ideal Motors celebrates gala ‘Excellence Awards’ honouring outstanding performance and innovation
The Mahindra Ideal Motors Excellence Awards ceremony, a grand celebration to recognize dealers and other stakeholders of Ideal Motors, was held at the Wave n’ Lake Banquet Hall & Restaurant in Welisara recently.
The event was graced by the presence of special guests including Nalin Welgama, Founder and Chairman Ideal Motors, Dilani Yatawaka, Group Managing Director/CEO Ideal Motors, Nimisha Welgama, Director Legal and Corporate Affairs Ideal Motor, Sachin Arolka, Head International Operations, Auto Division Mahindra & Mahindra India. Senthil Selvaraju, Head International Operations and Customer Service Automotive Division Mahindra & Mahindra India, Sujeeth Jayant, Country Head Mahindra & Mahindra India and Shitam Kundu, Head Domestic Services Mahindra & Mahindra India.
Also, in attendance from Ideal Motors were Kasun Fernando, General Manager Commercial Vehicle Sales Division, Sameera Bamunuarachchi, Deputy General Manager Spare Parts, Logistics & Inventory and Prasanna Manamperi, Deputy General Manager After Seles Service.
Speaking at the event, Nalin Welgama Ideal Motors Founder and Chairman said, “When we began our journey with Mahindra in 2009, the previous company had sold 300 vehicles in the country, of which nearly 150 had various defects. At that time our journey began by engaging with the parent company in India and repairing those vehicles free of charge. That commitment has brought us to where we are today. As we believe, our journey truly begins after the sale. We are dedicated to strengthening our customers, and in doing so, strengthening ourselves. That is how we transformed the after-sales service experience.”
He added, “Our main strength is the Mahindra Bolero, which has sold more than 10,000 units in just two years. In a very short period, we grew from zero to over 100,000 vehicles sold. This is not my victory, but the victory of all of you who contributed to it. Despite the challenges of the COVID-19 pandemic and the economic crisis we faced, this awards ceremony was organized to express our gratitude to all of you who trusted our institution and stood by us. Let us continue our victorious journey together.”
Dilani Yatawaka, Group Managing Director Ideal Motors, said: “Today is a very happy day for us. This is the first time in history of the organisation, that representatives of our vehicles, spare parts, services, and financial institutions are meeting together under one roof.”
Speaking on the occasion, Sachin Arolka, Head International Operations, Auto Division Mahindra & Mahindra India, stated that Ideal Motors in Sri Lanka is one of the largest seller of Mahindra vehicles in Asia.
More than 300 dealers and finance partners participated in the event which concluded with dinner, fellowship and entertainment.
Business
Police engagement supports wildlife protection in hill country
Strengthening conservation through active law enforcement
An awareness and capacity-building program on wildlife crime prevention, with a special focus on the Sri Lankan leopard (Panthera pardus kotiya), was successfully conducted on March 20 at the Dimbula Athletics & Cricket Club, Radella.
The session was organized under the ongoing Multi-Regional Leopard Research and Conservation Project implemented by the Wildlife & Nature Protection Society (WNPS), in collaboration with LOLC. It brought together senior officers representing 28 Police stations across the Nuwara Eliya and Kandy districts, underscoring the growing importance of law enforcement in conservation efforts within multi-use landscapes, a WNPS news release said.
The Central Highlands present a unique conservation challenge, where increasing habitat loss and fragmentation, depletion of natural prey, and use of snares continue to threaten leopards inhabiting these landscapes majority outside formally protected areas. The session therefore focused on strengthening the capacity of Police officers to identify, prevent, and respond to wildlife crimes, while fostering closer coordination with conservation stakeholders, it explained.
Co-Chair of the Wildcats Subcommittee, Prof. Enoka Kudavidanage, highlighted the ecological and economic significance of leopards as apex predators, emphasizing their role in maintaining ecosystem balance and supporting nature-based tourism. She also outlined the current conservation challenges in the Hill Country and presented ongoing interventions under the WNPS–LOLC project.
Dr. Sanjaya Weerakody, Postdoctoral Fellow at the Xishuangbanna Tropical Botanical Garden (XTBG), Chinese Academy of Sciences, shared key research findings on leopard mortality trends over the past 17 years revealing concerning patterns, including the disproportionate loss of mature male individuals and the increasing prevalence of snaring as a primary cause of death highlighting an urgent need for targeted enforcement.
Attorney – at – Law Charaka Jayaratne provided an in-depth overview of the legal provisions under the Fauna and Flora Protection Ordinance, with particular attention to offences related to snaring. He discussed how Police can take more proactive and effective action, identifying gaps in current approaches and suggesting practical measures to strengthen enforcement outcomes.
Adding further perspective, Samantha Gunasekara, former Deputy Director of Customs and Chairman of the Marine Environment Protection Authority (MEPA), spoke on the broader context of illegal wildlife trade in Sri Lanka. Drawing from past cases and recent observations, he highlighted emerging trends and risks associated with wildlife trafficking.
Representing the Department of Wildlife Conservation, Ranger Srinath Dissanayake of the Hakgala Wildlife Range shared recent cases on leopard deaths and rescue operations recorded in 2025. He emphasized on personal observations, importance of timely intervention, and strong collaboration between field officers and the Police to mitigate human–wildlife conflict and prevent avoidable losses.
An interactive discussion followed, allowing officers to raise questions, clarify procedures, and exchange experiences while sharing their feedback as well. This dialogue contributed to reinforcing the value of strategic engagement between the Police, the Department of Wildlife Conservation, and conservation partners while strengthening inter-agency understanding and highlighting the need for coordinated responses during leopard-related incidents.
The session commenced with opening remarks by WNPS President Graham Marshall, who expressed appreciation for the participation of the Sri Lanka Police and reiterated the critical role of law enforcement in safeguarding biodiversity beyond protected areas.
WNPS Past President and WNPS LOLC Project Head Spencer Manuelpillai, Project Coordinator Gihani Hettiarachchi, Regional Center Coordinators, Thilanka Dissanayake and Attorney-at-Law Malaka Palliyaguruge were also present as part of the WNPS team.
WNPS extends its sincere appreciation to all officers who participated for their commitment and active engagement. Supported by LOLC, these initiatives form part of a broader effort to strengthen practical conservation through collaboration, knowledge sharing, and effective enforcement in Sri Lanka’s Hill Country.
Business
Mangala Tex marks expansion with new Kurunegala Branch
Fashion retail leader Mangala Tex celebrated the grand opening of its newest branch in Kurunegala on Saturday, March 14, 2026, adding a vibrant new dimension to the city’s commercial landscape.
Since its inception, Mangala Tex has been synonymous with style, durability, and quality, earning a lasting reputation as a premier clothing retailer. Guided by the visionary leadership of Chairman Ronald Nimal Hope, the brand has successfully established a strong presence with thriving outlets in Yatinuwara Veediya, Kandy, Cross Street, Kandy, and Peradeniya, Kandy.
The Kurunegala expansion marks a significant milestone in the company’s growth, bringing its signature fashion offerings closer to a wider customer base. True to its slogan, “Let Your Clothing Do The Talking,” the new store features an extensive range of apparel catering to all age groups, blending contemporary style with durable, high-quality fabrics.
Shoppers at the Kurunegala branch are greeted by a welcoming atmosphere and attentive staff, which long-time customers cite as key reasons for their loyalty. The store’s combination of trendy designs, reliable quality, and customer-centric service continues to set it apart in Sri Lanka’s competitive fashion retail sector.
Mangala Tex now employs more than 120 staff members across its branches, remaining a proudly family-driven enterprise alongside Managing Director Pahan Dissanayaka and Directress M M G P Dissanayaka.
With the official opening in Kurunegala, Mangala Tex demonstrates that consistent quality, style, and service can drive sustained growth, expanding the brand’s reach to new communities while reinforcing its status as a trusted name in Sri Lankan fashion.
Text and Pix by SK Samaranayake
-
News4 days agoSenior citizens above 70 years to receive March allowances on Thursday (26)
-
Features1 day agoA World Order in Crisis: War, Power, and Resistance
-
Features6 days agoTrincomalee oil tank farm: An engineering marvel
-
News2 days agoEnergy Minister indicted on corruption charges ahead of no-faith motion against him
-
News3 days agoUS dodges question on AKD’s claim SL denied permission for military aircraft to land
-
Features6 days agoThe scientist who was finally heard
-
Business3 days agoDialog Unveils Dialog Play Mini with Netflix and Apple TV
-
Sports2 days agoSLC to hold EGM in April
