Business
CSE closes on the up, driven by bullish investor sentiment

by Hiran H.Senewiratne
The CSE yesterday closed on the up, thanks to a strong recovery following bullish sentiments indicated in the morning, while during the middle of the session profit- takings were witnessed in LOLC Group counters, mainly Browns Investments, Brown and Company, LOLC Holdings and Vallibel One. However, during the latter part of the day the CSE slowly recovered and ended on a positive note, stock market analysts said.
The All- Share Price Index finished on a 53.76- point gain or 0.5 per cent and the S&P SL20 rose to 19.47 points. Turnover was healthy at Rs. 6 billion involving 873 million shares with a single crossing. The crossing was reported in Alumex PLC, which crossed three million shares to the tune of Rs 48 million and its shares traded at Rs 16.
It is said the ASPI crossed the 11,000-mark once again and returned to positive territory after witnessing three sessions of losses, while the more liquid S&P SL20 index also resumed its record-breaking run and posted a gain of more than 1%, largely helped by price increases recorded in Expolanka.
In the retail market, top seven companies that mainly contributed to the turnover were, Expolanka Rs 835 million (2.7 million shares traded), Browns Investments Rs 645 million (44.3 million shares traded), Sunshine Holdings Rs 431 million (10.5 million shares traded), Royal Ceramic Rs 262 million (3.7 million shares traded),Commercial Leasing and Finance Rs 26.2 million (7.8 million shares traded), SMB Finance Rs 250 million (217 million shares traded) and Brown and Company Rs 214 million (68,000 shares traded).
During the day, plantation sector counters, especially Sunshine Holdings and Watawala Plantations, performed well. Sunshine Holdings share price appreciated by eight percent or Rs 3.30. Its shares started trading at Rs 38 and at the end of the day they shot up to Rs 41.30 and Watawala Plantations shares appreciated by Rs 9 or eight per cent. Its share price shot up to Rs 118 from Rs 109. Further, SMP Leasing and Finance shares appreciated by 20 per cent or 20 cents. Its share price appreciated to Rs 1.20 from Rs 1.
Expolanka, Richard Pieris and Melstacorp were the main contributors to the All- Share Price Index. During the day 873 million share volumes changed hands in 44000 transactions. Separately, Windforce Ltd. and Vallibel One announced their interim dividends of 55 cents and Rs. 1.50 per share respectively.
It is said that high net worth and institutional investor participation remained subdued for the day while mixed interest was observed in Expolanka Holdings, Brown & Company and Vallibel One, while retail interest was noted in Commercial Leasing & Finance, SMB Leasing and Browns Investments.
Yesterday the US dollar rate was Rs 202.94, which was controlled by the Central Bank. The foreign currency shortage is having a negative impact on business, irrespective of the type of business, in relation to imports and exports. Our construction and import trading businesses are being disrupted and other measures that have come around have made the situation even worse, market sources said.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
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