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Banks come to the fore as best performing sector at CSE

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By Hiran H.Senewiratne

The trading activities at the Colombo Stock Exchange (CSE) started in a lackluster manner yesterday, but gained momentum by mid-day with both indices turning out to be positive towards the end of the session.

The reason for the market to pick up fast was because it was driven by the banking sector counters, stock market analysts said.

“The stock market witnessed a significant rally in the banking sector counters and in that backdrop, share prices at the banking sector counters appreciated significantly, they said.

Among listed banking sector counters Amana share price appreciated by 25 percent or 80 cents. Its share price started trading at Rs 3.20 and at the end of the day it moved up to Rs 4. Other major banks such as Commercial Bank, Sampath Bank and HNB share prices also appreciated.

Commercial Bank share price appreciated by three percent or Rs 2.80. Its share price traded at Rs 87 and at the end of the day it moved up to Rs 89.80, Sampath Bank share price appreciated by five percent or Rs 2.70. Its share price started trading at Rs 54.60 at the end of the day and moved up to Rs 57.30 and HNB share price appreciated by 4.6 percent or Rs 6.75. Its share price started trading at Rs 144 and at the end of the day it shot up to Rs 150.75.

Amid those developments both indices moved upwards. All Share Price Index up by 92.81 points and S and P SL20 up by 76.21 points. Turnover stood at Rs 4.1 billion with two crossings. Those crossings were reported in ACL Cables, which crossed one million shares to the tune of Rs 45 million and its share price traded at Rs 45 and Dialog 1.9 million shares crossed for Rs 20.5 million and its share price traded at Rs 10.80.

In the retail market top five companies that mainly contributed to the turnover were Expolanka Holdings Rs 442 million (2.3 million shares traded), Browns Investments Rs 324 million (30.2 million shares traded), Sampath Bank Rs 249 million (4.4 million shares traded), Amana Bank Rs 165 million (42 million shares traded) and Commercial Bank Rs 142 million (1.6 million shares traded). During the day 296 million share volume changed hands in 40,000 transactions.

Yesterday, Sri Lanka rupee quoted against the US dollar was Rs 200.088. It is said that the Central Bank’s intervention and imposed a maximum rate of Rs 203 for a US dollar.



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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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