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CSE returns to green territory following five-day bearish run

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By Hiran H.Senewiratne

CSE trading turned positive yesterday after experiencing a massive plunge over the previous five days. However, the market was able to record the highest intraday trading level of the All- Share Price Index yesterday. The market started on a positive note but later turned negative for a short time. Later heavy buying interest on blue chip counters dragged the market to green territory, stock market analysts said.

Due to the heavy market downfall in the last four to five days most of the valuable share prices came down. As a result, bargain hunters grabbed the opportunity and purchased such stocks, analysts said.

Since last week, the market has lost Rs. 843 billion in value as investor sentiment turned negative on macro factors, while some sections opined that the bourse needs new buyers for attractive valuations. But yesterday the market was able to recover despite internal and external environmental issues, stock brokers said.

Due to the massive plunge in recent days, the year- to- date ASPI negative return is nearing 13 per cent while the S&P SL20 topped 15%. However, foreigners have cashed in with net buying of nearly Rs. 300 million so far this week. Amid those developments both indices moved upwards. All -Share Price Index went up by 450 points and S and P SL20 rose by 166.9 points. Turnover stood above the average level of Rs 4.2 billion with three crossings. Those crossings were reported in Commercial Bank, which crossed 2.6 million shares to the tune of Rs 210 million and its shares traded at Rs 79, Access Engineering one million shares crossed to the tune of Rs 24.5 million and its shares traded at Rs 24.50 and Sampath Bank 400,000 shares crossed to the tune of Rs 21.2 million, its shares traded at Rs 53.

In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 932 million (3.7 million shares traded), Browns Investments Rs 397 million (36.7 million shares traded), LOLC Finance Rs 256 million (13 million shares traded), Commercial Leasing and Finance Rs 231 million (5.5 million shares traded), LOLC Holdings Rs 199 million (227,000 shares traded), Royal Ceramic Rs 155 million (3.4 million shares traded) and Commercial Bank Rs 133 million (1.6 million shares traded). During the day 165 million share volumes changed hands in 41000 transactions.

With the rising fear of investors, the index dropped at the beginning, yet managed to trade in the green zone for a few minutes. After suffering from a continuous break-down, during the latter part of the session the market turned positive. Diversified Financials sector was the top contributor to the market turnover (due to LOLC Holdings and LOLC Finance), while the sector lost 7.84 per cent. The shares of LOLC Holdings moved down by Rs. 93.50 (10.14 per cent) to close at Rs. 828.75. The shares of LOLC Finance recorded a loss of Rs. 2.20 (10.84 per cent) to close at Rs. 18.10.

Yesterday, the US dollar was quoted at Rs 201.97, which was the controlled price of the Central Bank. The actual market rate/ floating rate would be at the Rs 250 level. Some financial analysts predict that the dollar would to go up to Rs 300 towards the end of the year.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

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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