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Stock investment climate continuing to be marred by M-E tensions

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By Hiran H. Senewiratne

Both CSE indices moved downward yesterday, evincing a negative investment climate. The All Share Price index went down by 68.82 points while the S and P SL20 declined by 4.23 points.

Turnover stood at Rs 1.55 billion with five crossings. Those crossings were; Sampath Bank 1.5 million shares crossed to the tune of Rs 214 million; its shares traded at Rs 142.50, Lanka IOC 1.6 million shares crossed for Rs 203 million; its shares traded at Rs 130, JKH 7.7 million shares crossed for Rs 149 million; its shares sold at Rs 19.30, Sunshine Holdings 3 million shares crossed for Rs 87 million; its shares sold at Rs 29 and Commercial Bank 147,000 shares crossed to the tune of Rs 30 million; its shares fetched Rs 204.

In the retail market top seven companies that mainly contributed to the turnover were; E.B Creasy Rs 127 million (3.6 million shares traded), Sierra Cables Rs 96 million (1.2 million shares traded), JKH Rs 63 million (3.3 million shares traded), Swisstec Rs 34 million (439,000 shares traded), Sunshine Holdings Rs 33 million (1.1 million shares traded), Access Engineering Rs 24 million (300,000 shares traded) and Sierra Cables 21 million (601,000 shares traded). During the day 56 million share volumes changed hands in 11829 transactions.

It is said that banking sector counters, especially Sampath Bank and Commercial Bank fared well while the manufacturing sector, especially JKH, performed well. Further, in the FMCG sector, especially EB Creasy, impressed.

Anilana Hotels and Properties announced that its hotels in Nilaweli, Trincomalee and Pasikudah were acquired by Sampath Bank under the provisions of the Recovery of Loans by Banks (Special Provisions) Act No. 04 of 1990.

It had initiated two cases challenging the resolution by Sampath Bank to acquire the properties.

Anilana has also made an application to compromise in terms of the Companies Act No. 07 of 2OO7, informing court of a prospective investor who had offered Rs 1.2 billion for the hotels.

Asia Asset Finance has listed 45,162,012 ordinary voting shares after a rights issue that raised Rs 1.5 billion, CSE sources said.

The issue offered 4 new ordinary voting shares for every 11 existing at Rs.33.30 per share. The issue raised 1,503,894,999.60 rupees.

Yesterday the rupee was quoted at Rs 328.90/329.00 to the US dollar in the spot market on weakening slightly, while bond yields held broadly steady, dealers said.



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Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market

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T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL)

By Sanath Nanayakkare

Speaking at the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL), emphasised that local enterprises can unlock substantial economic benefits by strategically aligning with India’s booming consumer base.

Addressing business leaders and policymakers at the Shangri-La Hotel in Colombo, Krishnakumar highlighted that geographical proximity and rich cultural ties provide a natural foundation for deeper commercial collaboration.

He noted that instead of viewing bilateral trade narrowly, regional partnerships should act as conduits to build robust, scalable enterprises capable of plugging into wide-reaching regional value chains.

“For Sri Lankan exporters dealing in traditional staples as well as value-added goods, accessing India’s rising middle class presents a phenomenal growth window,” he said.

Drawing insights from Reliance Consumer Products’ rapid expansion – which scaled efficiently to thousands of employees and multi-billion-dollar metrics – Krishnakumar stressed that modern corporate success relies on disciplined execution, localised consumer understanding, and smart technology integration.

Furthermore, he underscored that while rapid growth is critical, businesses must consistently anchor their models in affordability and consumer trust.

Concluding his address at the summit, the RCPL chief noted that pairing regional trade integration with resilient business practices and predictable regulatory frameworks will be vital as Sri Lanka transitions firmly toward accelerated economic development.

Addressing the Summit during a subsequent fireside chat, President Anura Kumara Dissanayake underscored that a core concern currently being targeted by the government is developing a critical mass of local entrepreneurs equipped to engage with international enterprise counterparts.

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SriLankan Airlines wins prestigious SATA 2026 Visitors’ Choice Award for Leading International Airline

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SriLankan Airlines has once again been honoured with the prestigious Visitors’ Choice Award for Leading International Airline at the South Asian Travel Awards (SATA) 2026, reaffirming its continued recognition in the regional travel and tourism industry. The airline, which has received this award in previous years, was the only international airline to be recognised in this category at this year’s event. The 10th anniversary edition of the awards ceremony was held earlier this month at Hotel Barcelo Nasandhura in Male, Maldives.

Recognised as one of the key events on the Maldivian tourism and travel industry calendar, SATA celebrated its 10th anniversary on a grand scale, bringing together prominent industry stakeholders, including Government Ministers, distinguished dignitaries, diplomats and senior representatives from leading airlines and their respective head offices.

Commenting on the achievement, Dimuthu Tennakoon, Head of Commercial, SriLankan Airlines, stated, “We are honoured to receive this recognition at the South Asian Travel Awards 2026. Being named the Leading International Airline in the Visitors’ Choice Awards once again is a meaningful acknowledgement of our commitment to serving our passengers and strengthening our presence in the region. This award inspires us to continue enhancing the travel experience we offer and to build stronger connections with the markets and communities we serve.”

Complementing its commitment to service excellence, SriLankan Airlines offers an extensive flight network with convenient connections to destinations across the globe. In South Asia, the airline operates nearly 130 flights each week to 15 destinations across India, Pakistan, the Maldives, Nepal, and Bangladesh. With schedules thoughtfully designed to suit the needs of travellers, SriLankan Airlines provides seamless connectivity for those visiting Colombo for business or leisure, as well as passengers travelling onwards to destinations worldwide.

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JXG enters LMD’s Most Respected Entities in Sri Lanka 2026 for the first time, securing a place among the first 50

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Gamika de Silva, Group Chief Marketing Officer at JXG

JXG (Janashakthi Group), Sri Lanka’s leading financial conglomerate, has been ranked 44th in LMD’s Most Respected Entities in Sri Lanka 2026, marking the Group’s first appearance in the prestigious listing. The recognition places JXG among Sri Lanka’s most respected companies and marks an important milestone in the Group’s master-brand journey.

As the holding company, JXG was also recognised across key attributes including Aspirational Workplace, Business Expansion, Business Innovation, Corporate Culture, Corporate Dynamism, Crisis Management, Employee Wellbeing, Honesty and Integrity, and Leadership Profile. The recognition reflects the growing strength of the JXG brand and the collective contribution of its businesses and people in building trust and confidence among its stakeholders.

JXG’s subsidiaries, including Janashakthi Life and First Capital, have also been recognised in the main table of LMD’s Most Respected Entities 2026 rankings, while Janashakthi Finance has been recognised under the Business Expansion attribute, reflecting the strength of the Group’s individual businesses alongside its growing master brand.

Conceptualised and commissioned by LMD and conducted by PepperCube Research Consultants, the Most Respected Entities special edition recognises companies based on an independent survey of Sri Lanka’s business community.

Commenting on the recognition, Gamika de Silva, Group Chief Marketing Officer at JXG, said, “This is a proud moment for all of us at JXG. We set out to build a Group brand that is not just seen but lived by our people and reflected in everything we do. Ultimately, the true testament to any brand lies in its people, and the credit for this recognition goes to everyone across JXG who brings our values to life every day. This recognition is an encouraging milestone for us, while also reminding us to keep raising the bar and earning the respect of our stakeholders through what we do.”

JXG’s approach to building trust is anchored in its core values of Integrity, Collaboration, Respect, Performance Driven and Innovation. These values guide how its businesses operate, how its people engage with one another and how the Group serves its customers and wider stakeholders.

As JXG continues to expand its businesses, the Group remains focused on strengthening its market presence, creating long-term value and contributing to the growth of Sri Lanka’s financial services sector, guided by its purpose, Breaking Barriers, Forging Futures.

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