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CSE recovers somewhat in the wake of inflation declines

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By Hiran H. Senewiratne

The CSE, following several days of decline, registered some recovery but this proved inadequate for both indices to move into green territory yesterday. One reason for the market to show some slight improvement was the Central Bank announcement that inflation had come down slightly, market analysts said.

According to the Central Bank, the Consumer Price Index stood at 65 per cent. Food inflation came down to 69.8 per cent in November from 80.9 per cent in October and Non Food Inflation came down to 60.4 per cent in November from 61.3 per cent in October. These developments had some positive impact on the stock market, analysts said.

However, shares were down in mid-market trade yesterday, due to the holiday mentality and year-end profit- taking, analysts added. “The downward trend continues and on and off selling pressures are seen and shares of Aitken Spence, Expolanka and JKH have come down in price, they said.

Amid those developments both indices moved downwards. The All- Share Price Index went down by 23.14 points and S and P SL20 declined by 15 points. Turnover stood at Rs 1.9 billion with two crossings. Those crossings were reported in Expolanka Holdings, where 4.8 million shares crossed to the tune of Rs 960 million, its shares traded at Rs 202 and Cargills 200,000 shares crossed for Rs 47 million, its shares fetched Rs 235.

In the retail market, top seven companies that mainly contributed to the turnover were, Expolanka Holdings Rs 269 million (1.4 million shares traded), JKH Rs 149 million (1.1 million shares traded), Lanka IOC Rs 98.3 million (482,000 shares traded), Softlogic Life Insurance Rs 77 million (1.2 million shares traded), Browns Investments Rs 63.9 million (9.7 million shares traded), Softlogic Capital Rs 26.9 million (4.4 million shares traded) and Agstar PLC Rs 18.2 million ( 1.2 million shares traded).During the day 39.7 million share volumes changed hands in 12000 share transactions.

It is said that mixed interest was observed in First Capital Holdings, JKH and First Capital Treasuries while retail interest was noted in Browns Investments, Jetwing Symphony and LOLC Finance.

The Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings) while the sector index lost 3.76 per cent. The share price of Expolanka Holdings decreased by Rs. 7.75 (3.77 per cent) to close at Rs. 197.75.The Energy sector was the second highest contributor to the market turnover (due to Lanka IOC), while the sector index decreased by 0.60 per cent. The share price of Lanka IOC lost Rs. 1.25 (0.60 per cent) to close at Rs. 205.75.Yesterday, the US dollar parity rate was announced by the Central Bank as Rs 364.67.



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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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