Business
A ‘Super September’ for CSE as turnover tops Rs. 3 billion yet again
By Hiran H.Senewiratne
The CSE gathered more momentum yesterday with over Rs. 3 billion turnover yet again and both indices rose in what some brokers hail as ‘Super September’, stock market analysts said.
The market was strong and steady and was driven by mainly retail investors. The banking sector appeared to be more attractive which was dull for a couple of weeks. It was witnessed that banking stocks appreciated by more than Rs. 4 or more and this gave a big boost to the S and P SL20 index which rose by three percent. All Share Price Index was up by 81.44 points and S and P SL20 rose 77.92 points.
Along with the Rs. 3.4 billion turnover one crossing took place, which was reported from Melstacorp. It is said that 893,000 shares belonging to Melstacorp crossed to the tune of Rs. 31.2 million and its share price traded at Rs. 35.
In the retail market top five companies that mainly contributed to the day’s turnover were; Hayleys Fabrics Rs. 271 million (12.9 million shares traded), Tokyo Cement (Non Voting) Rs. 270 million (six million shares traded), Tokyo Cement (Voting) Rs. 254 million (4.7 million shares traded), Melstacorp Rs. 200.7 million (5.8 million shares traded) and Commercial Bank Rs. 174 million (2.2 million shares traded). During the day, 146 million share volumes changed hands in 27512 transactions.
There was a 17 percent unusual price appreciation witnessed in Hayleys Fabrics during the day. According to stock brokers there was no reason for the price appreciation for Hayleys Fabrics, which started trading at Rs. 18.90 and at the end of the day it moved up to Rs. 22.10.
High net worth and institutional investor participation was noted in Hatton National Bank, Ceylon Cold Stores, Melstacorp and John Keells Holdings. Mixed interest was observed in Expolanka Holdings, Tokyo Cement Company and ACL Cables, while retail interest was noted in Lanka IOC, Hayleys Fabrics and Renuka Agri Foods.
Turnover increased by 10.2 percent relative to the previous day, while the crossings amounted to 15.0 percent of the day’s total turnover.
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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