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Bourse notches 12 crossings but trading levels leave much to be desired

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CSE trading did not reach satisfactory levels yesterday due to month- end profit- takings.The All Share Price Index went up by 8.16 points, while the S and P SL20 rose by 6.78 points. Turnover stood at Rs 6.2 billion with 12 crossings.

Top seven crossings were; Laugfs Gas 3.6 million shares crossed to the tune of Rs 244 million; its shares traded at Rs 62, Colombo Dockyards 650,000 shares crossed for Rs 134 million; its shares traded at Rs 210, Seylan Bank one million shares crossed for Rs 110 million; its shares traded at Rs 110, JKH 4.5 million shares crossed for Rs 95.9 million; its shares sold at Rs 21.40, Seylan Bank (Non-Voting) 1.1 million shares crossed to the tune of Rs 90.6 million; its shares traded at Rs 80, Richard Pieris two million shares crossed for Rs 67.5 million; its shares sold at Rs 34.60 and Lanka IOC 480,000 shares crossed to the tune of Rs 53.30 million; its shares fetched Rs 132.

In the retail market companies that mainly contributed to the turnover were; LOLC Finance Rs 367 million (53 million shares traded), Royal Ceramics Rs 260 million (5.6 million shares traded), Brown’s Investments Rs 172 million (2.2 million shares traded), Sierra Cables Rs 161 million (5.3 million shares traded), Serendib Lands Rs 153 million (102,000 shares traded), Colombo Dockyards Rs 150 million (728,000 shares traded) and Dipped Products Rs 144 million (2.1 million shares traded). During the day 226 million share volumes changed hands in 40000 transactions.

It is said that manufacturing and banking and financial sectors performed well.

Yesterday, the rupee was quoted at Rs 303.50/70 to the US dollar, slightly recovering from Rs 303.65/75 the previous day, while secondary market bond yields dropped on the 2028-2029 tenors, dealers said.

A bond maturing on 01.10.2032 was quoted at 10.55/65 percent.

The telegraphic transfer rates for the American dollar was 300.2000 buying, 307.2000 selling; the British pound was 398.9952 buying, and 410.3570 selling, and the euro was 346.3289 buying, 357.6921 selling.

By Hiran H Senewiratne ✍️



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Business

Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

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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