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Ceylinco Holdings’ share price fluctuation results in market inconsistencies

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By Hiran H. Senewiratne

The stock market was somewhat dull at the outset yesterday following the selling of a Ceylinco Holdings share at a lower price but later it automatically corrected itself and began to recover. It is said that the Ceylinco Holdings per share value was previously Rs 3400 but yesterday it sold at Rs 3000, which had a negative impact on the All Share Price Index.

Amid those developments President Anura Kumara Dissanayake announced that Sri Lanka is expecting major investments from China, Japan and India. This created some confidence in the market, analysts said.

Both indices moved downwards. The All- Share Price Index went down by 197 points, while S and P SL20 declined by 66 points. Turnover stood at Rs 2.42 billion with nine crossings.

Those crossings were reported in Bogala Graphite, which crossed 6.5 million shares crossed to the tune of Rs 383 million and its shares traded at Rs 58.9, JKH 5.8 million shares crossed to the tune of Rs 119.5 million; its shares sold at Rs 20.6, Sampath Bank 1 million shares crossed to the tune of Rs 118.8 million, its shares traded at Rs 120, CCS 1 million shares crossed for Rs 78 million; its shares traded at Rs 78, Vallibel One 1.1 million shares crossed to the tune of Rs 60 million; its shares traded at Rs 56, HNB 155,000 shares crossed for Rs 50.9 million; its shares sold at Rs 309, Central Finance 200,000 shares crossed for Rs 39 million; its shares traded at Rs 195, Access Engineering 1 million shares crossed to the tune of Rs 37.5 million; its shares traded at Rs 37.5 million and Hayleys 200,000 shares crossed to the tune of Rs 27 million; its shares fetched Rs 135.

In the retail market top six companies that mainly contributed to the turnover were; JKH Rs 148.5 million (7.2 million shares traded), Sampath Bank Rs 98.2 million (834,000 shares traded), HNB Rs 90.4 million (295,000 shares traded), LOLC Rs 77 million (126,000 shares traded), Lion Brewery Rs 67.7 million (54000 shares traded) and Hayleys Rs 61 million (450,000 shares traded). During the day 60.8 million share values changed hands in 12229 transactions.

It is said that high net worth and institutional investor participation was noted in HNB, JKH, Hayleys and Pan Asia Banking Corporation. Mixed interest was observed in R.I.L. Property, Access Engineering and Nations Trust Bank while retail interest was noted in SMB Leasing, Nation Lanka Finance and LOLC Finance.

The Banking sector was the top contributor to the market turnover (due to HNB, and Sampath Bank) while the sector index lost 2.01 percent. The share price of HNB decreased.

The Diversified Financials sector was the second highest contributor to the market turnover (JKH AND HNB), while the sector index decreased.

Yesterday the rupee was quoted at Rs 295.40/50 to the US dollar in the spot market, from 295.50/55 the previous day, dealers said. Some medium tenor bond yields were slightly down ahead of a Treasury bond auction of Rs 210 billion.

Rs. 85,000 million Treasury bonds maturing on 15 December 2029, Rs. 75,000 million Treasury bonds maturing on 15 December 2032 and Rs. 50,000 million Treasury bonds maturing on 15 September 2034 are being issued through an auction.

A bond maturing on 15.12.2026 was quoted at 8.72/77 percent, down from 8.74/78 percent. A bond maturing on 15.09.2027 was quoted at 9.40/46 percent, down from 9.43/48 percent. A bond maturing on 15.02.2028 was quoted at 9.99/10.00 percent. A bond maturing on 01.05.2028 was quoted at 10.08/10.10 percent. A bond maturing on 01.07.2028 was quoted at 10.18/20 percent, down from 10.18/22 percent. A bond maturing on 15.10.2028 was quoted at 10.35/40 percent, up from 10.35/38 percent. A bond maturing on 15.09.2029 was quoted at 10.72/77 percent, up from 10.73/76 percent. A bond maturing on 15.10.2030 was quoted at 10.97/11.00 percent, down from 10.98/11.02 percent.



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Low-floor buses launched to boost accessible public transport for differently-abled

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A new low-floor bus service that gives priority to persons with disabilities and special needs was launched last Tuesday (21) from the Makumbura Multimodal Center (MMC).

The service was inaugurated under the patronage of Minister of Transport, Highways and Urban Development, Bimal Rathnayake.

Accordingly, ten specially designed low-floor buses have been introduced into the transport service today. These buses are specially designed so that wheelchair users, visually impaired passengers and also expectant women can board the bus with ease, the Transport Ministry said.

Each bus has 30 passenger seats and separate seating areas have been allocated for passengers using wheelchairs.

The pilot project operates on routes from Makumbura to Colombo Fort and from Makumbura to Kadawatha. These routes also cover major hospitals including the Colombo National Hospital and the Maharagama Apeksha Hospital.

Speaking at the event, Subject Minister Bimal Rathnayake stated that while these buses prioritize the differently-abled community, they will also provide a comfortable and reliable transport service for all passengers.

He also noted that 122 low-floor buses are planned to be introduced into service before the end of this year, and that in the future the service will be expanded to areas such as Kandy, Batticaloa, Matara and Jaffna.

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Nestlé Lanka Announces Change in Leadership

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Nestlé Lanka Limited has announced the appointment of Manav Sahni as its Chairman and Managing Director effective 01 May 2026. He will be succeeding Bernie Stefan, who will be transitioning to a new global role within the Nestlé Group. Bernie Stefan led Nestlé’s Sri Lankan operations through a particularly challenging time since 2023 – and has successfully guided the company through a strategic turnaround, positioning it on a axis for sustainable growth.

Speaking on his tenure at Nestlé Lanka, Bernie commented “Leading Nestlé Lanka has been a deeply meaningful chapter in my Nestlé journey. I am grateful to have worked alongside an amazing and resilient team that continues to make a difference for Sri Lankans across the country. On a personal note, it was an amazing opportunity to live on this beautiful island and experience firsthand the openness, warmth and kindness of its people, which has been the highlight of my Nestlé career to date. As Nestlé Lanka marks 120 years of enriching Sri Lankan lives, it is especially humbling to reflect on the role we have played in building on this legacy – positively touching individuals and families, strengthening community partnerships, and advancing our sustainability commitments. I am thankful to my colleagues, partners and stakeholders for their collaboration and trust, and to the wider business community, including through my role as a Board Member of the Ceylon Chamber of Commerce, for the opportunity to reinforce Nestlé’s commitment to responsible corporate citizenship. I leave very confident in the strength of the team and the journey that lies ahead.”

Manav Sahni brings with him over 18 years of experience in the FMCG & Telecom sector. Prior to taking on the role as Chairman and Managing Director of Nestlé Lanka Limited, he has been heading Nestlé’s Dairy business for the South Asia Region, where he expertly managed a highly diverse portfolio, driving sustainable business transformation.

“I am thrilled to take on the role of Chairman and Managing Director of Nestlé Lanka at such a pivotal moment in its journey. Nestlé has been part of Sri Lankan households for generations, and I am excited to work with the team to continue delighting consumers with tasty and nutritious products, while strengthening the positive impact we create through our brands and initiatives.”

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Majestic Cineplex Returns Bigger Better and More Immersive

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Ceylon Theatres will unveil the newly revamped Majestic Cineplex on the 29th of April 2026, beginning a new chapter for one of Sri Lanka’s best known cinema destinations. Located at Majestic City Colombo, Majestic Cineplex returns with major technology upgrades, enhanced comfort, and a range of premium viewing options, reinforcing Ceylon Theatres’ long standing reputation for raising the bar in cinema entertainment experiences in Sri Lanka. Accordingly, the upgraded Cineplex will be completely open to the public from 29th April 2026 onwards.

For generations of moviegoers, Majestic Cineplex has been a landmark venue in Colombo, and its latest transformation brings together the nostalgia of a familiar name with the excitement of a modern cinema experience. Leading the new screen line up is Majestic Platinum, which introduces Sri Lanka’s first and only digital LED cinema screen. Designed to deliver sharper visuals, deeper contrast, richer colour, and outstanding clarity, the auditorium features a 3D 4K Tricorne LED Cinema Screen together with Dolby Atmos surround sound. Majestic Platinum offers 226 seats, including 18 VIP recliner seats for those chasing a premium cinema experience.

The cineplex also features three additional theatres, each designed to offer a high quality movie experience. Majestic Superior includes Barco 2K projection, 3D capability, and 7.1 surround sound, with seating for 150 patrons. Majestic Ultra features the same advanced projection and audio systems with 149 seats. Majestic Gold offers a more private luxury setting with Barco 2K projection, 3D capability, DTSX surround sound, and 30 leather recliner seats, ideal for those looking for the most premium and exclusive experience.

Patrons can also enjoy an upgraded café experience with freshly prepared and ready to eat food available for purchase at the counter, along with convenience of being served to your seat. The new café experience, together with the upgraded theatres make for a more relaxed, enjoyable, and fulfilling experience for everyone.

Discussing the relaunch, Ganga Rathuvithana, General Manager Operations at Ceylon Theatres said, “Majestic Cineplex has always been a special part of Colombo’s cinema culture, and we are proud to welcome audiences back with an experience that reflects the future of movie entertainment. We have always believed in investing in the best available technology, from introducing Sri Lanka’s first 3D cinema to now launching the country’s first digital LED cinema screen. Our revamped Majestic Cineplex is designed to give movie lovers something truly special.”

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