Connect with us

Business

Upping of stake by Senthilverl Holdings in Colombo Dockyard dominates CSE trading

Published

on

Senthilverl Holdings has increased its stake in Colombo Dockyard to 12.20 percent of the issued share capital, according to a stock exchange filing.

4,263,567 shares were bought at prices between Rs 149.25 and Rs 155.25 a share on January 30.

“Apart from the transaction disclosed above 9,876,264 shares were also purchased via other licensed stockbrokers, CSE sources said.

The total issued shares of the company is 395,224,082.

Meanwhile, CSE activities were extremely positive yesterday because of high retail and institutional investor participation.

Both indices moved upwards. The All Share Price Index went up 83.12 points while S and P SL20 was up by 9.75 points. Turnover stood at Rs 8.24 billion with 12 crossings.

The top seven crossings were reported in Commercial Bank, where 14.6 million shares crossed to the tune of Rs 3.2 billion and its shares traded at Rs 224.50, TJ Lanka 11.3 million shares crossed to the tune of Rs 406.7 million; its shares traded at Rs 36, Cargills Ceylon 100,000 shares crossed for Rs 80 million; its shares sold at Rs 800, LOLC Holdings 100,000 shares crossed for Rs 60.05 million; its shares sold at Rs 605, Hayleys 250,000 shares crossed to the tune of Rs 59.8 million; its shares traded at Rs 239,Tokyo Cement 500,000 shares crossed for Rs 56 million; its shares traded at Rs 112 and Colombo Dockyard 300,000 shares crossed for Rs 45.6 million; its shares traded at Rs 152.

In the retail market top seven companies that mainly contributed to the turnover were; Colombo Dockyard Rs 359.6 million (2.36 million shares traded), Hayleys Rs 344 million (1.4 million shares traded), Ceylon Land Equity Rs 321.50 million (19.97 million shares traded), CTC Rs 210 million (121900 shares traded), TJ Lanka Rs 134.90 million (3.7 million shares traded), Prime Lands Residencies Rs 97.1 million (2 million shares traded) and Sampath Bank Rs 91.8 million (594,000 shares traded). During the day 276.9 million share volumes changed hands in 39535 transactions.

It is said that banking sector counters, especially Commercial Bank, performed well while the manufacturing sector, especially Colombo Dockyard, also performed well. Further, the real estate sector also performed well, especially Prime Lands Residencies.

Yesterday the rupee was quoted at Rs 309.50/55 to the US dollar in the spot market, from Rs 309.55/65 the previous day, while bond yields opened lower, dealers said.

An auction of Rs 120,000 million Treasury bills was ongoing.

A bond maturing on 15.03.2028 was quoted at 9.00/05 percent, down from 9.03/05 percent.

A bond maturing on 15.06.2029 was quoted at 9.49/50 percent.

A bond maturing on 15.09.2029 was quoted at 9.55/58 percent, down from 9.57/60 percent.

A bond maturing on 15.10.2029 was quoted at 9.57/60 percent.

A bond maturing on 15.12.2029 was quoted at 9.60/62 percent, down from 9.58/63 percent.

A bond maturing on 01.03.2030 was quoted at 9.68/70 percent.

A bond maturing on 15.03.2031 was quoted at 9.90/95 percent, down from 9.92/95 percent.

A bond maturing on 01.10.2032 was quoted at 10.25/29 percent, down from 10.28/32 percent.

A bond maturing on 15.12.2032 was quoted at 10.28/30 percent.

A bond maturing on 01.06.2033 was quoted at 10.60/62 percent, down from 10.63/68 percent.

A bond maturing on 15.06.2034 was quoted at 10.81/84 percent.

A bond maturing on 15.06.2035 was quoted flat at 10.85/95 percent.

By Hiran H Senewiratne



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Dialog & IESL open National Startup Challenge to empower Sri Lanka’s entrepreneurs

Published

on

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, joins the Institution of Engineers, Sri Lanka (IESL) to launch the IESL National Startup Challenge, creating a national pathway for aspiring entrepreneurs to transform innovative ideas into commercially viable, investment-ready startups. The initiative reflects a shared commitment to strengthening Sri Lanka’s entrepreneurship ecosystem through structured development, expert mentorship and practical support that enables promising ideas to progress towards market readiness and scale.

Launched through the IESL Entrepreneurship Forum at the Dialog Auditorium on 5 October 2026, the competition invites Engineering Undergraduates, Engineering Practitioners and participants in an Open Category for Non-Engineers to submit ideas across 12 innovation verticals aligned with national priorities, emerging technology and market trends, and inclusive innovation. Participants will progress through idea development, pitching, incubation, prototyping, validation, minimum viable product development and business scaling, supported by industry experts, mentors and ecosystem partners. The programme will culminate in a Top 10 selection, with the first-place winner receiving an award of LKR 1 million.

As title sponsor and a key ecosystem enabler, Dialog is contributing practical expertise and resources beyond sponsorship, providing technical expertise, mentors and digital resources to help participating teams develop, validate and scale their solutions. Each of the Top 10 teams will also receive a Dialog Digital Startup Support Package valued at LKR 250,000, comprising selected Dialog digital products and services.

“Dialog is committed to enabling Sri Lanka’s next generation of innovators by connecting entrepreneurial ambition with the technology, expertise and practical resources needed to turn ideas into scalable ventures. Through the IESL National Startup Challenge, Dialog is extending its digital capabilities, mentorship and ecosystem support to help promising teams progress from concept to validation and investment readiness,” said a representative of Dialog Axiata PLC.

Eng. Jasmine Nanayakkara, Chairperson of the Entrepreneurship Forum at the Institution of Engineers, Sri Lanka, added, “The IESL National Startup Challenge is designed to turn innovative ideas into viable businesses by connecting aspiring entrepreneurs with industry expertise, mentorship and continuous practical support. More importantly, it is about creating an ‘Engineer to Entrepreneur’ transformation and nurturing a stronger entrepreneurial culture within the IESL community. By encouraging our engineers and aspiring founders to create, commercialise and scale solutions, we aim to contribute to new ventures, new opportunities and meaningful job creation for Sri Lanka’s skilled and educated next generation. We are grateful to Dialog for partnering with IESL to create this pathway for innovation, entrepreneurship and national economic growth.”

Driving innovation across Sri Lanka, the National Startup Challenge also brings together a strong network of partners, including The Ceylon Chamber of Commerce as Ecosystem and Mentoring Partner, Helago as Official Mobility Partner, Helakuru as Official Digital News Partner, and Real Life as Official Climate Action Partner.

The IESL National Startup Challenge represents a collaborative effort to strengthen Sri Lanka’s innovation and entrepreneurship ecosystem by creating a structured pathway from promising ideas to market-ready businesses. Applications are now open via www.iesl.lk/announcements, giving aspiring entrepreneurs an opportunity to access the resources and funding they need to succeed. Applications close on 16th November 2026. For more information, contact mgr.pub@iesl.lk / 071 109 4393.

Continue Reading

Business

Why Convenience Is Reshaping Household Cleaning Habits

Published

on

Keeping a home clean involves more than dealing with one kind of mess. Kitchens face grease and cooking splashes, bathrooms develop soap scum and limescale, while frequently used areas around the home collect marks, fingerprints and everyday dirt.

For households looking to simplify this routine, multi-surface cleaners offer a practical solution by allowing one product to tackle multiple cleaning needs across suitable surfaces.

One home, many everyday messes

In the kitchen, grease, splashes and burnt-on food can build up around hobs and hotplates. Cupboard doors and appliance exteriors can also collect smudges and marks through daily use.

Bathrooms present different challenges, including limescale, soap scum, toothpaste residue and water marks around sinks, washbasins and shower doors.

Even outside these rooms, surfaces such as door handles, baseboards, table mats and PVC areas can require regular attention.

Making everyday cleaning simpler

This is where the versatility of products such as CIF Cream becomes useful.

CIF Cream can help tackle a range of common household cleaning challenges across suitable surfaces, from grease and burnt-on food in the kitchen to limescale and soap scum in the bathroom.

Its uses can also extend to other suitable areas and items around the home, including cupboard doors, appliance exteriors, PVC surfaces and more, when used according to product directions.

For busy households, the benefit is straightforward: a versatile cleaner can help reduce the complexity of everyday cleaning by addressing several common cleaning needs with one product.

Consumers should always follow product instructions and check suitability before using any cleaner on a particular surface.

CIF products are now available at Cargills, Keells, Glomark and Celeste, as well as online through Daraz and uStore, at a retail price of Rs. 900 for 500ml. Shop CIF online at https://ustore.lk/collections/cif or https://www.daraz.lk/cif/

As household routines continue to evolve, multi-surface cleaning provides a simple approach to keeping different areas of the home clean — one versatile solution for many of the everyday messes that come with daily life.

 

Continue Reading

Business

Dreams in motion for group of young Olympiad contenders

Published

on

SriLankan Airlines set dreams in motion for 24 young students selected to represent Sri Lanka at the 2026 International Mathematics and Science Olympiad, held in Indonesia from 2 to 7 October 2026, helping make their journey to Indonesia and back an extra special one.

The students were selected through a four-stage national selection process covering school, zonal, provincial and national levels, with the highest-performing students progressing at each stage.

As a special initiative for Children’s Day, the Ministry of Education sponsored the air travel of all 24 students for the first time. Returning to Sri Lanka with an impressive haul of three Silver Medals and 10 Bronze Medals, the young contestants competed alongside students from 23 countries.

SriLankan Airlines was privileged to be part of their special journey, helping make their experience even more memorable as they represented Sri Lanka on the international stage.

Continue Reading

Trending