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CSE exudes bullish exuberance with turnover of Rs. 4 billion and 12 crossings

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By Hiran H.Senewiratne

The CSE was extremely bullish yesterday owing to the maintenance of a dovish monetary policy or lower interest rates by the Central Bank. Besides, institutional and retail participation was vibrant, market analysts said.

Consequently, crossings dominated the market with the active participation of both retail and institutional buyers. Both indices moved upwards. The All Share Price Index went up by 109.94 points while S and P SL20 rose by 54.16 points. Turnover stood at Rs 4.1 billion with twelve crossings.

Details of the crossings are as follows: Commercial Bank, crossed 811,000 shares to the tune of Rs 93.3 million; its shares traded at Rs 115, Ceylon Cold Stores 1.5 million shares crossed for Rs 90 million; its shares fetched Rs 60, PGP Glass 3 million shares crossed for Rs 87.1 million; share price Rs 29, Dipped Products 2 million shares crossed for Rs 62 million; shares Rs 31,Vallibel One 1 million shares crossed for Rs 56 million; shares traded at Rs 56, Hayleys 500,000 shares crossed to the tune of Rs 43 million; share price Rs 80, JKH 200,000 shares crossed for Rs 41.65 million; share price Rs 208.25, Royal Ceramic 1 million shares crossed for Rs 34 million; share price Rs 34, Hemas Holdings 353,000 shares crossed for Rs 31.1 million; share price Rs 88, HNB 136,000 shares crossed to the tune of Rs 27.7 million; share price Rs 203, NDB 275,000 shares crossed for Rs 21.03 million, share price Rs 76.50 and Hayleys Fabrics 500,000 shares crossed for Rs 20.14 million; share price Rs 40.30.

In the retail market top six companies that mainly contributed to the turnover were; Ceylon Cold Stores Rs 248 million (4 million shares traded), Sampath Bank Rs 219 million (2.7 million shares traded), JKH Rs 190.5 million (914,000 shares traded), Royal Ceramic Rs 167 million (4.9 million shares traded), Hayleys Rs 148 million (1.6 million shares traded) and Browns Investments Rs 147 million (22.5 million shares traded). During the day 166 million share volumes changed hands in 25500 transactions.

Yesterday the rupee opened at Rs 296.20/40 to the US dollar after closing at Rs 296.00/30 last Friday, dealers said. Bond yields were down, dealers said. A bond maturing on 15.12.2026 was quoted down at 11.10/20 percent from 11.15/20 percent. A bond maturing on 15.03.2028 was quoted down at 11.80/90 percent from 11.90/12.00 percent.



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Dialog & IESL open National Startup Challenge to empower Sri Lanka’s entrepreneurs

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Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, joins the Institution of Engineers, Sri Lanka (IESL) to launch the IESL National Startup Challenge, creating a national pathway for aspiring entrepreneurs to transform innovative ideas into commercially viable, investment-ready startups. The initiative reflects a shared commitment to strengthening Sri Lanka’s entrepreneurship ecosystem through structured development, expert mentorship and practical support that enables promising ideas to progress towards market readiness and scale.

Launched through the IESL Entrepreneurship Forum at the Dialog Auditorium on 5 October 2026, the competition invites Engineering Undergraduates, Engineering Practitioners and participants in an Open Category for Non-Engineers to submit ideas across 12 innovation verticals aligned with national priorities, emerging technology and market trends, and inclusive innovation. Participants will progress through idea development, pitching, incubation, prototyping, validation, minimum viable product development and business scaling, supported by industry experts, mentors and ecosystem partners. The programme will culminate in a Top 10 selection, with the first-place winner receiving an award of LKR 1 million.

As title sponsor and a key ecosystem enabler, Dialog is contributing practical expertise and resources beyond sponsorship, providing technical expertise, mentors and digital resources to help participating teams develop, validate and scale their solutions. Each of the Top 10 teams will also receive a Dialog Digital Startup Support Package valued at LKR 250,000, comprising selected Dialog digital products and services.

“Dialog is committed to enabling Sri Lanka’s next generation of innovators by connecting entrepreneurial ambition with the technology, expertise and practical resources needed to turn ideas into scalable ventures. Through the IESL National Startup Challenge, Dialog is extending its digital capabilities, mentorship and ecosystem support to help promising teams progress from concept to validation and investment readiness,” said a representative of Dialog Axiata PLC.

Eng. Jasmine Nanayakkara, Chairperson of the Entrepreneurship Forum at the Institution of Engineers, Sri Lanka, added, “The IESL National Startup Challenge is designed to turn innovative ideas into viable businesses by connecting aspiring entrepreneurs with industry expertise, mentorship and continuous practical support. More importantly, it is about creating an ‘Engineer to Entrepreneur’ transformation and nurturing a stronger entrepreneurial culture within the IESL community. By encouraging our engineers and aspiring founders to create, commercialise and scale solutions, we aim to contribute to new ventures, new opportunities and meaningful job creation for Sri Lanka’s skilled and educated next generation. We are grateful to Dialog for partnering with IESL to create this pathway for innovation, entrepreneurship and national economic growth.”

Driving innovation across Sri Lanka, the National Startup Challenge also brings together a strong network of partners, including The Ceylon Chamber of Commerce as Ecosystem and Mentoring Partner, Helago as Official Mobility Partner, Helakuru as Official Digital News Partner, and Real Life as Official Climate Action Partner.

The IESL National Startup Challenge represents a collaborative effort to strengthen Sri Lanka’s innovation and entrepreneurship ecosystem by creating a structured pathway from promising ideas to market-ready businesses. Applications are now open via www.iesl.lk/announcements, giving aspiring entrepreneurs an opportunity to access the resources and funding they need to succeed. Applications close on 16th November 2026. For more information, contact mgr.pub@iesl.lk / 071 109 4393.

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Why Convenience Is Reshaping Household Cleaning Habits

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Keeping a home clean involves more than dealing with one kind of mess. Kitchens face grease and cooking splashes, bathrooms develop soap scum and limescale, while frequently used areas around the home collect marks, fingerprints and everyday dirt.

For households looking to simplify this routine, multi-surface cleaners offer a practical solution by allowing one product to tackle multiple cleaning needs across suitable surfaces.

One home, many everyday messes

In the kitchen, grease, splashes and burnt-on food can build up around hobs and hotplates. Cupboard doors and appliance exteriors can also collect smudges and marks through daily use.

Bathrooms present different challenges, including limescale, soap scum, toothpaste residue and water marks around sinks, washbasins and shower doors.

Even outside these rooms, surfaces such as door handles, baseboards, table mats and PVC areas can require regular attention.

Making everyday cleaning simpler

This is where the versatility of products such as CIF Cream becomes useful.

CIF Cream can help tackle a range of common household cleaning challenges across suitable surfaces, from grease and burnt-on food in the kitchen to limescale and soap scum in the bathroom.

Its uses can also extend to other suitable areas and items around the home, including cupboard doors, appliance exteriors, PVC surfaces and more, when used according to product directions.

For busy households, the benefit is straightforward: a versatile cleaner can help reduce the complexity of everyday cleaning by addressing several common cleaning needs with one product.

Consumers should always follow product instructions and check suitability before using any cleaner on a particular surface.

CIF products are now available at Cargills, Keells, Glomark and Celeste, as well as online through Daraz and uStore, at a retail price of Rs. 900 for 500ml. Shop CIF online at https://ustore.lk/collections/cif or https://www.daraz.lk/cif/

As household routines continue to evolve, multi-surface cleaning provides a simple approach to keeping different areas of the home clean — one versatile solution for many of the everyday messes that come with daily life.

 

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Dreams in motion for group of young Olympiad contenders

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SriLankan Airlines set dreams in motion for 24 young students selected to represent Sri Lanka at the 2026 International Mathematics and Science Olympiad, held in Indonesia from 2 to 7 October 2026, helping make their journey to Indonesia and back an extra special one.

The students were selected through a four-stage national selection process covering school, zonal, provincial and national levels, with the highest-performing students progressing at each stage.

As a special initiative for Children’s Day, the Ministry of Education sponsored the air travel of all 24 students for the first time. Returning to Sri Lanka with an impressive haul of three Silver Medals and 10 Bronze Medals, the young contestants competed alongside students from 23 countries.

SriLankan Airlines was privileged to be part of their special journey, helping make their experience even more memorable as they represented Sri Lanka on the international stage.

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