Business
CSE moves up in the wake of positive quarterly corporate results
By Hiran H.Senewiratne
The CSE moved up 0.7 per cent within the first hour of trading yesterday on recovering from a previous session’s fall, triggered by the releasing of positive quarterly results and the announcing of dividends by several companies.However, owing to the month-end profit takings in certain companies and the possible corporate/individual tax hikes in the upcoming interim budget, which created some worries for investors, the market at times reflected a declining trend yesterday, stock market analysts said.Further, the announcements by India and Japan to assist Sri Lanka in overcoming its balance of payments crisis also created some positive impact on the stock market yesterday, market analysts said.
“There is selling pressure coming in on the banking and finance shares, while there are positive sentiments from the plantation sector, a top market analyst said.
The most liquid index S&P SL20, after hovering in the red, gained 0.57 per cent or 15.33 points. The market generated a turnover of Rs 1.5 billion without a crossing.
In the retail market, top five companies that mainly contributed to the turnover were; Browns Investments Rs 518 million (49.5 million shares traded), Expolanka Holdings Rs 186 million (823,000 shares traded), LOLC Finance Rs 99.7 million (10.1million shares traded), Lanka IOC Rs 84.6 million shares traded), JKH Rs 66.6 million (531,0000 shares traded), LOLC Holdings Rs 47.8 million (76,000 shares traded), and Watawala Plantations Rs 45.8 million (416,000 shares traded).
During the day 103 million share volumes changed hands in 17000 transactions. In the meantime, Watawala Plantation announced a Rs 8 dividend for every share for its shareholders. Further, due to the cement shortage and resultant exorbitant prices, construction sector counters have been affected. Consequently, the tile sector is badly affected, market sources said.Sri Lanka’s commercial banks quoted Rs 364.5 against the dollar for telegraphic transfers yesterday, while the Central Bank’s interbank spot trade was at Rs 359.25 under a daily guidance rate. Commercial banks were quoting Rs 354.5/364.5 for telegraphic transfer dollars on Friday. On the previous day, the Central Bank guidance margin was set at plus Rs. 2.50 or minus Rs 3.00.On the previous day the interbank spot was at Rs 359.9.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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