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CSE’s dollar-earning companies likely to be hit by global recession

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By Hiran H.Senewiratne

Dollar- earning companies in the CSE are likely to be affected by the global economic recession. The US Fed Reserve (US Central Bank) announced that the US inflation rate has recorded 8.6 per cent, which is the highest inflation rate in years, stock market analysts said.

With the high inflation, the Fed Reserve would likely tighten and adjust policy rates. In the meantime, the European Central Bank is likely to take decisions for policy interest rates adjustments. Amid those developments, Expolanka Holdings which is a diversified conglomerate with interests in logistics, leisure and ventures with a global presence in 20 countries and over 50 cities saw a share price depreciation yesterday. Its share price declined by 5.3 per cent or Rs 9.75 yesterday. Its shares started trading at Rs 185 and at the end of the day they declined to Rs 175.25.

It is said Expolanka Holdings was the biggest drag on the index, as news of a plunge in freight rates by 20.8 per cent year to date, added woes to the already depressed share performance seen during the past few days.

Yesterday stocks slipped over 1.5 per cent within the first hour of trade on weak sentiments due to the on-going economic crisis in the country. As a result, both indices moved downwards. The All-Share Price Index went down by 116.6 points and the most liquid index S&P SL20 lost 2.91 per cent or 65.4 points. The main All- Share Price Index slipped 1.45 per cent or 114.39 points to 7,774.30 at 1135 hrs.

“At this point, there is no catalyst for the market to go up, while there’s selling pressure due to margin calls hence the dip in the market, a top market analyst said.

Market generated a turnover of Rs 1.12 billion without a single crossing. Top losers were Expolanka, LOLC and Browns Investments. Top seven companies that mainly contributed to the turnover were Expolanka Holdings Rs 205.2 million (1.1 million shares traded), Browns Investments Rs 152 million (16.9 million shares traded), Lanka IOC Rs 78.2 million (1.1 million shares traded), HNB Rs 77.5 million (one million shares traded), LOLC Holdings Rs 61.4 million (128,000 shares traded), CT Holdings Rs 52 million (326,000 shares traded) and CIC Holdings Rs 46.2 million (1.1 million shares traded). During the day 50.5 million share volumes changed hands in 11000 transactions.

It is said high net worth and institutional investor participation was noted in Lanka Walltiles and Hayleys. Mixed interest was observed in Lanka IOC, Expolanka Holdings and Royal Ceramics while retail interest was noted in Browns Investments, LOLC Finance and SMB Leasing nonvoting.

Yesterday, the Central Bank announced the US dollar rate. The buying rate was Rs 355.70 and the selling rate Rs 366.50. Local commercial banks quoted the rupee at 366 against telegraphic transfers, while the Central Bank interbank spot trade was at 359.85 under a daily guidance rate, up from Monday’s 359.83. The commercial banks’ rupee quote against telegraphic transfers was at 367 against the US dollar on June 13.



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Ambeon Securities hosts exclusive investor forum on Sri Lanka’s economic and market outlook

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The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm's engagement with its growing client base.

Ambeon Securities recently hosted an exclusive investor forum, bringing together clients, investors, business leaders, and market professionals for an insightful discussion on Sri Lanka’s economic outlook and investment opportunities amidst a challenging global landscape.

The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm’s engagement with its growing client base.

The forum featured Baqar Zaidi, Director and Chief Economist for Sri Lanka and India at Citi Research, as the keynote speaker. Sharing his perspectives on the evolving global macroeconomic environment, Mr. Zaidi discussed key themes influencing emerging and frontier markets, Sri Lanka’s economic trajectory, and the opportunities lie ahead.

The keynote address was followed by an engaging panel discussion comprising Baqar Zaidi, Aravinda De Silva, respected investor, entrepreneur, and the Chairman of Arcasia Holdings. Hasitha Premaratne, Group Managing Director of Brandix and Asanka Herath, Chief Executive Officer – Unit Trusts and Head of Equities at LYNEAR Wealth Management.

Moderated by Imran Furkan, the panel explored a range of topics including Sri Lanka’s macroeconomic outlook, the future of the Colombo Stock Exchange, sectoral opportunities, capital allocation strategies, investor confidence, and the role of policy reforms in attracting investment and supporting long-term growth.

Speaking at the event, Charith Kamaladasa, Chief Executive Officer of Ambeon Securities, reaffirmed the company’s commitment to facilitate quality insights, informed perspectives, and meaningful dialogue to support their clients while building lasting relationships with them. He noted that in an environment where uncertainty has become the new normal, equipping investors with timely information and expert perspectives is essential for successful wealth creation.

The event was well attended by a distinguished gathering of institutional investors, high-net-worth investors, and business leaders. Among those present were members of the Ambeon Group Board, including Group Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, and Chairman of Ambeon Securities Mangala Boyagoda. Their presence, together with the participation of Ambeon Group shareholders and valued clients, enriched the discussions and contributed to a vibrant networking session, fostering meaningful dialogue and stronger connections within the investment community.

Through initiatives such as this, Ambeon Securities continues to reinforce its commitment to helping clients navigate evolving market conditions, make informed investment decisions, and achieve their long-term financial goals.

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Tata Group leads humanitarian education support initiative with DIMO and ChildFund

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The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods.

Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in December 2025. Recognizing the urgent need, several Tata companies joined forces to implement the response program.

As part of this initiative, the ‘Hope in a Backpack’ programme, which provides disaster-affected children with essential educational supplies, was launched by the Tata Group at Taj Samudra, Colombo, in the presence of the Chief Guest, Hon. Prime Minister Dr. Harini Amarasuriya; the Guest of Honour, Hon. Indian High Commissioner Santhosh Jha; Ranjith Pandithage, Chairman of DIMO; Chacko Thomas, Group Chief Sustainability Officer, Tata Sons; and Aditi Ghosh, Country Director, ChildFund.

This initiative is part of DIMO’s Social and Community Pillar, under the project theme ‘Lassana Hetak,’ which focuses on giving the future generation a helping hand towards a better future.

This collective effort was further strengthened by volunteers from Tata and DIMO, who actively mobilized on the ground to pack, distribute, and support affected communities. During the proceedings, specially invited schoolchildren received the backpacks with essential supplies as well.

Commenting on the partnership, Ranjith Pandithage, Chairman of DIMO, said: “DIMO is proud to collaborate on this meaningful initiative alongside the Tata Group and ChildFund as the local implementation and logistics partner. Our relationship with Tata spans more than six decades and has been built on a shared commitment to ethical business practices, trust, and creating lasting value for the communities we serve. These values have shaped our partnership over the years, extending beyond business to initiatives that make a meaningful difference in people’s lives.”

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NovaNest Properties launches Rainbow Apartments in Ratmalana

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Samitha Waidyasekera CEO - NovaNest Properties (Pvt) Ltd

NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.

The development is designed to cater to homebuyers seeking modern urban living, as well as investors looking for long-term value. Rainbow Apartments is located in Ratmalana, an area of increasing residential interest, and benefits from the suburb’s established social infrastructure, proximity to major transportation links, and accessibility to Colombo.

The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart, and a children’s daycare. Additionally, it features a full time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.

Commenting on the launch, the Chief Executive Officer of NovaNest Properties (Pvt) Ltd, Samitha Waidyasekera, said, “Today’s buyers are looking beyond square footage. In addition to providing long-term value, they want homes that are close to the places where they work, learn, and spend their time. With that shift in mind, Rainbow Apartments was created to bring together a strategic location, thoughtful design, and quality construction in a way that will continue to meet buyers’ needs for years to come. Through our promise of ‘Luxury Beyond Expectations,’ we are committed to delivering an elevated lifestyle experience that combines comfort, convenience, and modern living.

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