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JKH, Expolanka and Browns Investments lead market activity

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By Hiran H.Senewiratne 

The trading activities at the Colombo Stock Exchange (CSE) were sluggish at the beginning of the session yesterday, but there was fresh buying interests for blue-chip companies at mid-day, leading to positive recovery at the close of trading.

The government’s successful vaccination administration process and the news about the re-opening of the country from 1st of October created a positive sentiment in investors, stock market analysts said.

The stock market opened the week on a negative note with lacklustre investor interest leading to low turnover on the previous two days. Some positive macro and micro factors buoyed the market; notably the hotel sector counters and blue chip companies during the day.

Amid those developments both indices moved upwards. All Share Price Index up by 29.4  points and S and P SL20 up by 28.3 points. Turnover stood at Rs 2.56 billion with four crossings. Those crossings were reported in JKH, which crossed 3.3 million  shares to the tune of Rs 440 million and its share price traded at Rs 131.50, Sampath Bank 4.1 million shares crossed for Rs 202.9 million and its share price traded at Rs 49.50, Renuka Hotel 403,000 shares crossed for Rs 39.8 million and its share price traded at Rs 99 and Ceylinco Insurance (Non Voting) 40000 shares crossed for Rs 37.6 million and its share price traded at Rs 940.

 In the retail market top five companies that mainly contributed to the turnover were Expolanka Rs 408.1 million (2.4 million shares traded), Browns Investments Rs 257 million (28.4 million shares traded), Hayleys Rs 166 million (1.7 million shares traded). JKH Rs 139 million (one million shares traded) and LOLC Holdings Rs 88 million (173,000 shares traded). During the day 88.7 million share volume changed hands in 18000 transactions.

High networth and institutional investor participation was noted in Sampath Bank. Mixed interest was observed in Expolanka Holdings, Hayleys and John Keells Hotels, while retail interest was noted in Browns Investments, SMB Leasing and Citrus Leisure.

Trading in JKH amounted to 23% of total turnover.

Meanwhile, net foreign outflow now stands over Rs. 43 billion following Rs. 505 million of net selling during the last two sessions.



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Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment

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The exchange of the MoU between the two organisations

By Sanath Nanayakkare

In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.

The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.

A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.

Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.

With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.

To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.

Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.

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Hettich celebrates a decade in Sri Lanka with partner meet in Colombo

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Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality

Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.

The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.

The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.

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GS Evo Motors launches all-new JMEV EWIND

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Priyantha Perera, Chief Executive Officer of GS Evo Motors (left), and Sunil Wettasinghe, Chairman of GS Evo Motors, introducing the latest JMEV Ewind Electric SUV to the local market

GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.

The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.

The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.

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