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Notable buying interest in CSE

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By Hiran H.Senewiratne

CSE trading activities were positive throughout yesterday, however lower investor participation was noted due to Covid 19 health concerns in the country. Most investors were not involved in trading activities but significant buying interest was noted at the end of the day’s trading, stock market analysts said.

The Colombo stock market on the previous day suffered one of its steepest falls in recent weeks despite healthy turnover. However, the market witnessed some healthy performances with a reasonable turnover level despite the current pandemic situation.

Amid those developments both indices were positive. The All Share Price Index went up by 15.13 points and S and P SL20 rose by 4.06 points. Turnover stood at Rs. 2.3 billion sans a single crossing. In the retail market seven companies that mainly contributed to the turnover were, Renuka Capital Rs. 483.1 million (48.9 million shares traded), Expolanka Holdings Rs. 275.8 million (3.4 million shares traded), Dipped Products Rs. 126.5 million (2.3 million shares traded), Sierra Cables Rs. 119.9 million (16.1 million shares traded), Ambeon Capital Rs. 106.2 million (4.5 million shares traded), LOLC Holdings Rs. 86.4 million (198.000 shares traded), and Ambeon Holdings Rs. 78.6 million (1.9 million shares traded).

During the day top contributors to the All Share Price Index were Ambeon Capital (10.5 points), Commercial Leasing and Finance (5.73 points) and LOLC Finance (3.5 points). During the day 162.7 million share volumes changed hands in 30000 transactions.

It said that high net worth and institutional investor participation was noted in Sunshine Holdings, Renuka Capital and Royal Ceramics. Mixed interest was observed in Expolanka Holdings and LOLC Holdings, while retail interest was noted in Industrial Asphalts, SMB Leasing non-voting and Browns Investments. Foreign participation in market activity remained at subdued levels with foreigners closing as net sellers.

Meanwhile, the US dollar is selling at Rs. 199.9160, which rate always fluctuates due to the volatility in the market and the deficit in US dollars in the country.



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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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