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CSE indices reach all-time high; market resumes bull run

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By Hiran H.Senewiratne

The CSE yesterday began on a positive bullish note with sharp gains in both indices, propelling them to an all – time high amid robust turnover. It is said that the All-Share Price Index reached the 11796 mark or 116 points, stock analysts said.

With the extending of the import restrictions in the recent budget, local manufacturing sector counters noted some positive gains, especially in the tile sector. Amid those developments, throughout the day, the stock market was positive and the rally was driven by Expolanka Holdings, which surpassed Rs 700 billion with Rs 737 billion in market capitalization, which accounts for 14 per cent of the overall market capitalization in the CSE, analysts said.

The Expolanka share price appreciated by Rs 26.75 or eight points. Its share price shot up to Rs 377 from Rs 300.25, thus contributing 117 points to the All- Share Price Index. Profit- takings were witnessed in LOLC Group of companies but did not happen in a significant manner, market analysts added.

The All- Share Price Index gained by 2.00 per cent or 116 points and the S&P SL20 shot up by over two per cent or 48.6 points. Turnover improved to Rs. 8.5 billion, involving a whopping 533 million shares with five crossings. Those crossings were reported in Chevron Lubricants, which crossed 277,000 shares to the tune of Rs 38 million and its shares traded at Rs 108, Expolanka Holdings 80000 shares crossed to the tune of Rs 28.6 million; its shares traded at Rs 358, Resus Energy 750,000 shares crossed for Rs 26.6 million; its shares fetched Rs 35, Lanka IOC 600,000 shares crossed for Rs 23.8 million and its shares traded at Rs 39.70 and Windforce 1.3 million shares crossed for Rs 23.3 million, its shares traded at Rs 18.70.

In the retail market five companies that mainly contributed to the turnover were; Expolanka Holdings Rs 1.8 billion (4.9 million shares traded), Browns Investments Rs 635 million (44.7 million shares traded), Resus Energy Rs 457 million (12.6 million shares traded), ACL Cables Rs 358 million (3.5 million shares traded), Hayleys PLC Rs 335 million (2.8 million shares traded), Vallibel One Rs 322 million (four million shares traded) and LOLC Holdings Rs 322 million (273,000 shares traded).

It is said the Capital Goods sector was the top contributor to the market turnover (due to Brown & Company), while the sector index gained 2.11 per cent. Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings), while the sector index increased by 3.47 per cent. During the day 533 million share volumes changed hands in 58000 transactions.

Moreover, Kapruka and Co-operative Insurance will go for IPOs. Kapruka will start their initial offering to the public on December 22. The company will issue 32.8 million shares at a share value Rs 15.40 to raise Rs 5.5 million. With those funds they expect to expand, develop and upgrade infrastructure while launching a Kapruka digital platform. Co-operative Insurance will issue 166 million shares at a share price of Rs 3.60 to raise Rs 600 million. The objective of the IPO would be to expand and strengthen the asset portfolio, digital transformation of the business by leveraging IT and to construct a salvage yard at Ja-ela.

Yesterday, the US dollar rate was quoted at Rs 201.87, which was the controlled price set by the Central Bank to prevent price escalations in imported essential items. This artificial price suppression could negatively impact the economy. But a US $ one billion worth swap by the Indian government will give some economic relief in the short term, analysts said.



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Sri Lanka Customs exceeds revenue targets to enters 2026 with a surplus of Rs. 300 billion – Director General

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The year 2025 has been recorded as the highest revenue-earning year in the history of Sri Lanka Customs, stated Director General of Sri Lanka Customs, Mr. S.P. Arukgoda, noting that the Department had surpassed its expected revenue target of Rs. 2,115 billion, enabling it to enter 2026 with an additional surplus of approximately Rs. 300 billion.

The Director General made these remarks at a discussion held on Tuesday  (30)  morning at the Sri Lanka Customs Auditorium, chaired by President Anura Kumara Dissanayake.

The President visited the Sri Lanka Customs Department this to review the performance achieved in 2025 and to scrutinize the new plans proposed for 2026. During the visit, the President engaged in extensive discussions with the Director General, Directors and senior officials of the Department.

Commending the vital role played by Sri Lanka Customs in generating much-needed state revenue and contributing to economic and social stability, the President expressed his appreciation to the entire Customs employees for their commitment and service.

Emphasizing that Sri Lanka Customs is one of the country’s key revenue-generating institutions, the President highlighted the importance of maintaining operations in an efficient, transparent and accountable manner. The President also called upon all officers to work collectively, with renewed plans and strategies, to lead the country towards economic success in 2026.

The President further stressed that the economic collapse in 2022 was largely due to the government’s inability at the time to generate sufficient rupee revenue and secure adequate foreign exchange. He pointed out that the government has successfully restored economic stability by achieving revenue targets, a capability that has also been vital in addressing recent disaster situations.

A comprehensive discussion was also held on the overall performance and progress of Sri Lanka Customs in 2025, as well as the new strategic plans for 2026, with several new ideas and proposals being presented.

Sri Lanka Customs currently operates under four main pillars, revenue collection, trade facilitation, social protection and institutional development. The President inquired into the progress achieved under each of these areas.

It was revealed that the Internal Affairs Unit, established to prevent corruption and promote an ethical institutional culture, is functioning effectively.

The President also sought updates on measures taken to address long-standing allegations related to congestion, delays and corruption in Customs operations, as well as on plans to modernize cargo inspection systems.

The discussion further covered Sri Lanka Customs’ digitalization programme planned for 2026, along with issues related to recruitment, promotions, training and salaries and allowances of the staff.

Highlighting the strategic importance of airports in preventing attempts to create instability within the country, the President underscored the necessity for Sri Lanka Customs to operate with a comprehensive awareness of its duty to uphold the stability of the State, while also being ready to face upcoming challenges.

The discussion was attended by Minister of Labour and Deputy Minister of Finance and Planning, Dr. Anil Jayanta Fernando, Deputy Minister of Economic Development, Nishantha Jayaweera, Secretary to the President, Dr. Nandika Sanath Kumanayake, Deputy Secretary to the Treasury, A.N.Hapugala, Director General of Sri Lanka Customs,  S.P.Arukgoda, members of the Board of Directors and senior officials of the Department.

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Construction industry offers blueprint for Sri Lanka’s recovery

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Eng Nissanka N Wijeratne

The dawn of 2026 represents a time for critical recalibration, not just ceremony, for the nation’s vital construction sector, says Eng Nissanka N Wijeratne, Secretary General/CEO of the Chamber of Construction Industry (CCI).

In a New Year message, Wijeratne reframes the annual greeting as a strategic call to action. “For Sri Lanka’s construction industry – the true backbone of our economy – the turning of the calendar is an ideal moment for a realistic and forward-looking assessment,” he states.

His vision sketches a practical blueprint where the unprecedented challenges of the recent past become the foundation for a smarter, more sustainable future.

The industry, long considered a barometer of national prosperity, has weathered severe headwinds: economic volatility and spiraling material costs. “These were not mere business cycles, but unprecedented tests,” Wijeratne notes, acknowledging the severe strain on firms and professionals. Yet, the sector’s response, he observes, has been “nothing short of remarkable,” showcasing a deeply ingrained resilience.

The Chamber’s chosen theme for the year, “Resilience through Innovation,” signals a pivotal shift from enduring hardship to actively engineering progress.

The pathway forward, Wijeratne outlines, is built on three interdependent pillars.

First is the revitalization of Infrastructure. “This is not a simple call for new projects,” he clarifies, “but a strategic push to reactivate stalled ventures and initiate sustainable developments in concert with the government and international agencies.” He emphasises that construction activity is intrinsically linked to the broader economy’s pulse, where resuming projects catalyses employment, energises supply chains, and restores public confidence.

The second pillar, technological Integration, addresses the urgent need to modernise the sector’s core. Advocacy for Building Information Modeling (BIM), green building practices, and digital project management is a direct answer to past inefficiencies. “It is a commitment to ensuring Sri Lankan construction is not just rebuilt, but upgraded becoming more competitive, cost-effective, and environmentally responsible,” Wijeratne says. ” Innovation must move from slogan to practice, transforming how the nation conceives, builds, and maintains its infrastructure,” he notes.

The third pillar, consistent policy advocacy, underpins all efforts. The Chamber positions itself as a vital intermediary, fighting for fair pricing mechanisms, streamlined regulations, and a protective framework for local contractors. Wijeratne stresses that the best-laid plans of engineers can falter without a conducive policy environment, calling for a strengthened partnership with the state to create a level playing field where skill and enterprise determine success.

Ultimately, Wijeratne’s message is a powerful reminder of the industry’s profound legacy. “When we build, the nation grows,” he states, elevating construction from a commercial activity to a national mission. The structures that rise from the ground are more than concrete and steel; they are the schools, hospitals, roads, and homes that shape the nation’s future.

As Sri Lanka steps into 2026, the construction industry’s message is clear: it is ready to transform resilience from a trait of survival into a dynamic force for innovation.

The past challenges, according to Wijeratne, have been met with grit. Now, the future must be built with vision.

By Sanath Nanayakkare

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Expo Commodities and STAY Naturals honoured at the Presidential Export Awards 2024/25

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Expo Commodities (Pvt) Ltd, together with its member company STAY Naturals (Pvt) Ltd, has been recognized with Merit Awards at the Sri Lanka Export Development Board (EDB) Presidential Export Awards 2024/25, one of the country’s most prestigious platforms celebrating export excellence.

The awards were presented under the categories of Spices and Allied Products and Essential Oils, Oleoresins & Condiments, recognizing the companies’ consistent performance, product quality, and contribution to strengthening Sri Lanka’s presence in global markets.

The recognition reflects Expo Commodities’ continued focus on delivering high-quality, value-added Sri Lankan products while upholding international standards across innovation, sustainability, and responsible sourcing. Through STAY Naturals, the group has expanded its reach in key export markets, promoting Sri Lanka’s essential oils, oleoresins, and condiments derived from its rich agricultural heritage to customers worldwide.

The achievement also reflects the collective effort, technical expertise, and commitment of the teams behind the operations, alongside the continued trust of global partners and customers. Expo Commodities (Pvt) Ltd, part of Expo Commodities Global, is strategically focused on driving sustainable export growth and strengthening Sri Lanka’s global positioning as a reliable supplier of high-quality natural products.

Expo Commodities Global is a globally active Agri-commodity enterprise with operations spanning multiple origins including Sri Lanka, Vietnam, Indonesia, Madagascar, Comoros, Egypt, the UAE, India, Germany, and the Netherlands. The company specializes in the production, processing, and export of premium organic and conventional spices, coconut products, essential oils, oleoresins, and value-added agricultural products, delivering consistent quality through integrated and sustainable operations.

Expo Commodities Global and STAY Naturals (Pvt) Ltd are part of Aberdeen Holdings, a diversified Sri Lankan conglomerate with interests across pharmaceuticals, packaging, commodities, transport and logistics, power generation, and digital innovation, supporting long-term growth through strong governance, sustainability, and global market engagement.

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