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Huge buying interest in SLT stocks

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By Hiran H.Senewiratne

Huge buying interest was noted yesterday in Sri Lanka Telecom stocks with the government’s announcement on the restructuring of State Owned Enterprises (SOE). President Ranil Wickremesinghe as the Finance Minister delivering the 2023 budget speech made the announcement. SLT shares moved up by eight per cent or Rs 5.80. They shot up to Rs 76.10 from Rs 70.30.

Amid those developments both CSE indices showed some mixed reactions when the market closed trading at 1 pm. The All- Share Price Index went down by 52.26 and S and P SL20 rose by 8.9 points. Turnover stood at Rs 976 million with two crossings. Those crossings were reported in JKH, which crossed 500,000 shares to the tune of Rs 69.8 million, its shares traded at Rs 137.75 and Hunasfalls 900,000 shares crossed to the tune of Rs 36 million; its shares traded at Rs 40.

In the retail market top seven companies that mainly contributed to the turnover were; SLT Rs 140 million (1.8 million shares traded), Lanka IOC Rs 94.7 million (545,000 shares traded), Expolanka Holdings Rs 59 million (440,000 shares traded), Browns Investments Rs 45.6 million (9.1 million shares traded), LOLC Holdings Rs 40.8 million (119,000 shares traded), Sunshine Holdings Rs 37.3 million (one million shares traded) and JKH Rs 35.7 million (255,000 shares traded). During the day 50 million share volumes changed hands in 14000 transactions.

It is said that high net worth and institutional investor participation was noted in JKH and Central Finance Company. Mixed interest was observed in Expolanka Holdings, Lanka IOC and LOLC Holdings, while retail interest was noted in Browns Investments, LOLC Finance and SMB Leasing.

The Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings), while the sector index lost 6.66%. The share price of Expolanka Holdings decreased by Rs. 9.50 (6.68%) to close at Rs. 132.75.

The Diversified Financials sector was the second highest contributor to market turnover (due to Central Finance Company and LOLC Holdings), while the sector index decreased by 4.74 per cent. The share price of Central Finance Company moved up by Rs. 2.10 (3.44 per cent) to close at Rs. 63.10. The share price of LOLC Holdings declined by Rs. 34.25 (8.98 per cent) to close at Rs. 347.25.Yesterday the Central Bank-announced US dollar buying rate was Rs 360.99 and the selling rate Rs 371.83. The inflation rate is 73.70, which is likely to come down in the coming months.



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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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