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Capital Alliance stocks prove a prime pull; IPO oversubscribed

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Capital Alliance stocks yesterday commenced trading on the CSE floor, selling up to 73.00 percent of stocks. This actually fuelled the market throughout the day, market analysts said.

The stock is listed on the CSE Main Board, under the ‘Diversified Financials’ sector. A bell ringing ceremony took place in the morning to mark trading commencement.

Capital Alliance Holdings Limited, which has interests in bond trading, fund management, corporate finance and equity trading with operations in Sri Lanka and Bangladesh, offered shares at Rs 10 each in its initial public offering.

The company planned to raise Rs 1,575 million from its initial public offer of shares, but the issue received Rs 23.3 billion of applications, indicating an oversubscription of 15.5 percent.

Amid those developments, the CSE was extremely bullish, on account of mainly Capital Alliance, thus resulting in both indices moving upwards. The All Share Price Index went up by 61.88 points while S and P SL20 rose by 37.52 points. Turnover stood at Rs 5.1 billion with 11 crossings.

Those crossings were reported in Lanka IOC, which crossed 654,000 shares to the tune of Rs 85 million and its shares traded at Rs 130, Digital Mobility Solutions (PickMe) 830,000 shares crossed for Rs 63 million; its shares traded at Rs 76, Capital Alliance Holdings 3.9 million shares crossed for Rs 39.8 million and its shares traded at Rs 10, Commercial Credit and Finance 475,000 shares crossed for Rs 35.6 million and its shares sold at Rs 75.

NDB 327,000 shares crossed to the tune of Rs 35 million and its shares traded at Rs 107, C.W Macky 250,000 shares crossed for Rs 32.5 million; its shares sold at Rs 130, Commercial Bank 200,000 shares crossed to the tune of Rs 29.8 million; its shares traded at Rs 140, Melstacope Rs 200,000 shares crossed to the tune of Rs 29.7 million; its shares sold at Rs 148.50, CIC Holdings 200,000 shares crossed for Rs 24.3 million; its shares fetched Rs 21.50, Sampath Bank 200,000 shares crossed to the tune of Rs 23 million and its shares traded at Rs 115 and JKH 1 million shares crossed for Rs 21 million; its shares traded at Rs 21.

In the retail market companies that mainly contributed to the turnover were; Capital Alliance Rs 994 million (64.9 million shares traded). RIL Properties Rs 343 million (16.8 million shares traded), Sierra Cables Rs 245 million (48.5 million shares traded), Sampath Bank Rs 210 million (1.8 million shares traded), JKH Rs 199 million (9.5 million shares traded) and Pan Asia Bank Rs 189 million (4.7 million shares traded). During the day 210 million share volumes changed hands in 36000 transactions. It is said that the banking and financial sector was the main attraction of the day, while the manufacturing sector performed well too.

Yesterday, the rupee opened flat at Rs 299.30/45 to the US dollar in the spot market, against the previous day’s close of Rs 299.35/45, dealers said, while bond yields opened steady.

A bond maturing on 15.05.2027 was quoted at 8.20/30 percent. A bond maturing on 15.10.2028 was quoted at 8.80/90 percent. A bond maturing on 15.09.2029 was quoted at 9.35/40 percent. A bond maturing on 15.09.2034 was quoted flat at 10.35/45 percent.

By Hiran H.Senewiratne ✍️



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Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle

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Tourists in SL: Dwindling numbers

Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.

The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.

“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.

According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.

“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.

The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.

They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.

Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.

“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.

They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.

“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.

In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.

The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.

By Hiran H Senewiratne

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Refurbished AAC Call Box declared open

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The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.

The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).

The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.

Call Technical Officer Sampath Madagama on 0767315696.

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Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026

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From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story

As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.

Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.

Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.

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