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Bourse’s bullish momentum sustained by conducive macroeconomic factors

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CSE activities were extremely bullish yesterday due to conducive macroeconomic conditions coupled with favourable GDP growth predicted in the second quarter of the year, according to market sources. Amid those developments both indices moved upwards. The All Share Price Index went up by 185.30 points while S and P SL20 rose by 70.88 points.

Turnover stood at Rs 6.8 billion with eight crossings. Those crossings were reported in Chevron Lubricants where 1.7 million shares crossed to the tune of Rs 293 million; its shares traded at Rs 170, HNB (Non- Voting) 710,000 shares crossed to the tune of Rs 208.7 million and its shares traded at Rs 294, Sampath Bank 700 million shares crossed for Rs 98 million; its shares traded at Rs 140, Central Finance 321,000 shares crossed for Rs 90.1 million; its shares sold at Rs 280.

EAP Finance 500,000 shares crossed to the tune of Rs 80.5 million; its shares traded at Rs 161, Lankem Developments two million shares crossed for Rs 55.5 million; its shares traded at Rs 28, Prime Lands Residencies one million shares crossed to the tune of Rs 34 million; its shares sold at Rs 34 and Singer (SriLanka) 271,000 shares crossed for Rs 22.3 million; its shares sold at Rs 82.50.

In the retail market top seven companies that mainly contributed to the turnover were; First Capital Treasury Rs 294 million (8.1 million shares traded), First Capital Holdings Rs 256 million (4.5 million shares traded), Lanka Credit and Business Finance Rs 241 million (39.7 million shares traded), Sierra Cables Rs 229 million (7.3 million shares traded), Commercial Lands Rs 227 million (1.2 million shares traded), Hemas Holdings Rs 174 million (5.4 million shares traded) and Asia Siyaka Rs 164 million (15 million shares traded). During the day 254 million shares volumes changed hands in 45000 transactions.

It is said that the banking and finance sector led the market, especially HNB, while the real estate sector also performed well, especially Prime Lands and Commercial lands.

In the secondary market bond yields dropped following the US Federal Reserve rate cut announcement, dealers said, while the rupee appreciated to Rs 301.90/302.00 against the dollar.

Among the actively traded bonds, a bond maturing on 15.12.2029 was seen trading lower at 9.50/54 percent from the previous closing of 9.55/60 percent.

A bond maturing on 15.03.2031 was quoted at 10.00/02 percent.

A bond maturing on 15.12.2032 was quoted at 10.35/45 percent, from 10.40/49 percent.

The telegraphic transfer rates for the American dollar was 298.5000 buying, 305.5000 selling; the British pound was 405.7748 buying, and 417.1366 selling, and the euro was 350.6062 buying, 361.9694 selling.

By Hiran H Senewiratne ✍️



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Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market

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T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL)

By Sanath Nanayakkare

Speaking at the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL), emphasised that local enterprises can unlock substantial economic benefits by strategically aligning with India’s booming consumer base.

Addressing business leaders and policymakers at the Shangri-La Hotel in Colombo, Krishnakumar highlighted that geographical proximity and rich cultural ties provide a natural foundation for deeper commercial collaboration.

He noted that instead of viewing bilateral trade narrowly, regional partnerships should act as conduits to build robust, scalable enterprises capable of plugging into wide-reaching regional value chains.

“For Sri Lankan exporters dealing in traditional staples as well as value-added goods, accessing India’s rising middle class presents a phenomenal growth window,” he said.

Drawing insights from Reliance Consumer Products’ rapid expansion – which scaled efficiently to thousands of employees and multi-billion-dollar metrics – Krishnakumar stressed that modern corporate success relies on disciplined execution, localised consumer understanding, and smart technology integration.

Furthermore, he underscored that while rapid growth is critical, businesses must consistently anchor their models in affordability and consumer trust.

Concluding his address at the summit, the RCPL chief noted that pairing regional trade integration with resilient business practices and predictable regulatory frameworks will be vital as Sri Lanka transitions firmly toward accelerated economic development.

Addressing the Summit during a subsequent fireside chat, President Anura Kumara Dissanayake underscored that a core concern currently being targeted by the government is developing a critical mass of local entrepreneurs equipped to engage with international enterprise counterparts.

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SriLankan Airlines wins prestigious SATA 2026 Visitors’ Choice Award for Leading International Airline

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SriLankan Airlines has once again been honoured with the prestigious Visitors’ Choice Award for Leading International Airline at the South Asian Travel Awards (SATA) 2026, reaffirming its continued recognition in the regional travel and tourism industry. The airline, which has received this award in previous years, was the only international airline to be recognised in this category at this year’s event. The 10th anniversary edition of the awards ceremony was held earlier this month at Hotel Barcelo Nasandhura in Male, Maldives.

Recognised as one of the key events on the Maldivian tourism and travel industry calendar, SATA celebrated its 10th anniversary on a grand scale, bringing together prominent industry stakeholders, including Government Ministers, distinguished dignitaries, diplomats and senior representatives from leading airlines and their respective head offices.

Commenting on the achievement, Dimuthu Tennakoon, Head of Commercial, SriLankan Airlines, stated, “We are honoured to receive this recognition at the South Asian Travel Awards 2026. Being named the Leading International Airline in the Visitors’ Choice Awards once again is a meaningful acknowledgement of our commitment to serving our passengers and strengthening our presence in the region. This award inspires us to continue enhancing the travel experience we offer and to build stronger connections with the markets and communities we serve.”

Complementing its commitment to service excellence, SriLankan Airlines offers an extensive flight network with convenient connections to destinations across the globe. In South Asia, the airline operates nearly 130 flights each week to 15 destinations across India, Pakistan, the Maldives, Nepal, and Bangladesh. With schedules thoughtfully designed to suit the needs of travellers, SriLankan Airlines provides seamless connectivity for those visiting Colombo for business or leisure, as well as passengers travelling onwards to destinations worldwide.

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JXG enters LMD’s Most Respected Entities in Sri Lanka 2026 for the first time, securing a place among the first 50

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Gamika de Silva, Group Chief Marketing Officer at JXG

JXG (Janashakthi Group), Sri Lanka’s leading financial conglomerate, has been ranked 44th in LMD’s Most Respected Entities in Sri Lanka 2026, marking the Group’s first appearance in the prestigious listing. The recognition places JXG among Sri Lanka’s most respected companies and marks an important milestone in the Group’s master-brand journey.

As the holding company, JXG was also recognised across key attributes including Aspirational Workplace, Business Expansion, Business Innovation, Corporate Culture, Corporate Dynamism, Crisis Management, Employee Wellbeing, Honesty and Integrity, and Leadership Profile. The recognition reflects the growing strength of the JXG brand and the collective contribution of its businesses and people in building trust and confidence among its stakeholders.

JXG’s subsidiaries, including Janashakthi Life and First Capital, have also been recognised in the main table of LMD’s Most Respected Entities 2026 rankings, while Janashakthi Finance has been recognised under the Business Expansion attribute, reflecting the strength of the Group’s individual businesses alongside its growing master brand.

Conceptualised and commissioned by LMD and conducted by PepperCube Research Consultants, the Most Respected Entities special edition recognises companies based on an independent survey of Sri Lanka’s business community.

Commenting on the recognition, Gamika de Silva, Group Chief Marketing Officer at JXG, said, “This is a proud moment for all of us at JXG. We set out to build a Group brand that is not just seen but lived by our people and reflected in everything we do. Ultimately, the true testament to any brand lies in its people, and the credit for this recognition goes to everyone across JXG who brings our values to life every day. This recognition is an encouraging milestone for us, while also reminding us to keep raising the bar and earning the respect of our stakeholders through what we do.”

JXG’s approach to building trust is anchored in its core values of Integrity, Collaboration, Respect, Performance Driven and Innovation. These values guide how its businesses operate, how its people engage with one another and how the Group serves its customers and wider stakeholders.

As JXG continues to expand its businesses, the Group remains focused on strengthening its market presence, creating long-term value and contributing to the growth of Sri Lanka’s financial services sector, guided by its purpose, Breaking Barriers, Forging Futures.

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