Business
CBSL’s positive signals add buoyancy to bourse
By Hiran H.Senewiratne
The CSE moved up over 1 per cent in mid-morning trade yesterday, continuing the momentum from the previous day. The main reason for the market to bounce back is because the Central Bank has sent out positive signals on the IMF bailout for Sri Lanka, stock market analysts said.It is said that Clifford Chance and Lazard are inviting those interested for an update on Sri Lanka’s debt restructuring today at 5.30 p.m. local time, market analysts added.
This will be the first open engagement with creditors of Sri Lanka since the appointment of Clifford Chance and Lazard as legal and financial advisors respectively to the government. Up to now they have had individual meetings with bilateral creditors.
Sri Lanka in April suspended servicing of its $ 47 billion external debt held by bilateral and private creditors as well as in International Sovereign Bonds. In August, the Finance Ministry issued its update to creditors on the measures taken to ensure debt sustainability.Amid those developments both indices moved upwards. The All- Share Price Index went up by 87.9 points and S and P SL20 rose by 29.8 points. Turnover stood at Rs 4.1 billion with five crossings.
Those crossings were reported in Expolanka Holdings, which crossed 1.2 million shares to the tune of Rs 273 million, its shares traded at Rs 228, Sunshine Holdings 1.6 million shares crossed to the tune of Rs 72 million, its shares traded at Rs 45, Lankem Development 1.1 million shares crossed for Rs 41.3 million, its shares fetched Rs 35.50, Richard Pieris one million shares crossed for Rs 32.5 million, its share price was Rs 32.50 and Alumax three million shares crossed to the tune of Rs 32.1 million, its shares traded at Rs 10.70.
In the retail market top seven companies that mainly contributed to the turnover were, Lanka IOC Rs 355 million (1.2 million shares traded), ACL Cables Rs 302 million (2.6 million shares traded), ACL Cables Rs 225 million (5.2 million shares traded), Expolanka Holdings Rs 204 million (312,000 shares traded), Lankem Development Rs 182 million (4.9 million shares traded), Browns Investments Rs 179 million (22.6 million shares traded) and Colombo Port Lands Rs 163 million (5.4 million shares traded). During the day 147 million share volumes changed hands in 36000 transactions.
During the day previous day, bull-runners showed some profit- takings and those were mainly bluechip companies.It is said that high net worth and institutional investor participation was noted in Expolanka Holdings, Lanka IOC and CIC Holdings. Mixed interest was observed in ACL Cables, Printcare and Hayleys, while retail interest was noted in Browns Investments, SMB Leasing and Asia Siyaka Commodities. The Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings), while the sector index gained 0.78 per cent. The share price of Expolanka Holdings increased by Rs. 1.75 (0.78 per cent) to close at Rs. 226.50.
The Capital Goods sector was the second highest contributor to market turnover (due to ACL Cables and Hayleys), while the sector index increased by 0.90 per cent. The share price of ACL Cables moved up by Rs. 8.60 (8.88 per cent) to close at Rs. 105.50. The share price of Hayleys declined by Rs. 2.50 (2.51 per cent) to close at Rs. 97.Yesterday, the Central Bank- announced US dollar buying rate was Rs 359.18 and the selling rate Rs 369.92.
Business
Ceylinco Life agent among three global finalists for award
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.
Business
CEAT Kelani retains AA+ rating for sixth year
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.
Business
Commercial Bank leads nationwide aquatic clean-up drive
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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