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Bargain-hunting peps-up share market; indices move up

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By Hiran H.Senewiratne

Bargain hunters were active in the share market yesterday looking for and purchasing valued stocks at a lower rate. Consequently, the stock market began on a spirited note in an apparent rebound in investor sentiment, market analysts said.

Amid those developments both indices moved upwards. The All Share Price Index went up by 55.07 points and S and P SL20 rose by 20.88 points. Turnover stood at Rs 1.39 billion with three crossings. Those crossing were reported in LB Finance, where 4.2 million shares crossed to the tune of Rs 254 million; its shares traded at Rs 61, Colombo Fort Land 5.7 million shares crossed for Rs 171 million; its shares sold at Rs 30 and Hela Apparel 5 million shares crossed for Rs 25 million; its shares traded at Rs 5.

In the retail market top seven companies that mainly contributed to the turnover were; NTB Rs 137 million (1.26 million shares traded), JKH Rs 84.3 million (471,000 shares traded), LB Finance Rs 80.4 million (1.3 million shares traded), Expolanka Holdings Rs 63.4 million (487,000 shares traded), Grain Elevators Rs 61.9 million (364,000 shares traded) and Capital Alliance Rs 38.6 million (897,000 shares traded). During the day 45.9 million share volumes changed hands in 9635 transactions.

It is said high net worth and institutional investor participation was noted in LB Finance, NTB and Vallibel One. Mixed interest was observed in Sampath Bank, JKH and Commercial Bank, while retail interest was noted in Dialog Axiata, Hela Apparel Holdings and Industrial Asphalts.

The Banking sector was the top contributor to the market turnover (due to NTB, Sampath Bank and Commercial Bank) while the sector index gained 1.63 percent. The share price of Sampath Bank moved up while the share price of Commercial Bank appreciated.Yesterday the US dollar buying rate was Rs 307.17 and selling rate Rs 316.99.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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SLT-MOBITEL Enterprise launches Premium Cloud

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Riyaaz Rasheed, CEO, SLT-MOBITEL, and Faiz Shakir, VP Sales – Nutanix, Southern Asia, unveil SLT-MOBITEL Enterprise Premium Cloud Powered by Nutanix to support enterprise digital transformation

SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.

The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.

The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.

Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.

SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.

A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.

Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.

The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.

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