Business
CSE surpasses 13000 index points in anticipation of positive corporate financial results
By Hiran H.Senewiratne
Stock market activities which were very positive yesterday, surpassed 13000 index points due to an anticipation of favourable corporate financial results, market analysts said.
Amid those developments both indices moved upwards. The All Share Price Index went up by 122 points, while the S and P SL20 rose by 37.84 points.
Turnover stood at Rs 4.29 billion with three crossings. Those crossings were reported in HNB, which crossed 6.2 million shares to the tune of Rs 1.43 billion and its shares traded at Rs 230, Overseas Realty 14.3 million shares crossed for Rs 265 million; its shares traded at Rs 18.50 and LOLC Holdings 95000 shares crossed for Rs 43.1 million; its shares sold at Rs 458.50.
In the retail market top six performing companies that contributed to the turnover were; Sampath Bank R 140 million (1.56 million shares traded), HNB Rs 135.5 million (584 million shares traded), Brown’s Investments Rs 128 million (20 million shares traded), JKH Rs 113.7 million (5.3 million shares traded), Dipped Products Rs 111 million (2.68 million shares traded) and Commercial Credit and Finance Rs 109.5 million (2.5 million shares traded). During the day 132 million share volumes changed hands in 18939 transactions.
It is said that the banking sector was a bit active along with the manufacturing sector.
Yesterday, the rupee was trading weaker at Rs 292.65/75 to the US dollar from 292.55/75 to the US dollar the previous day, dealers said, while bond yields were down.
A bond maturing on 01.05.2027 was quoted at 11.12/18 percent. A bond maturing on 01.05.2028 was quoted at 11.58/60 percent. A bond maturing on 15.06.2029 was quoted at 11.95/12.00 percent.
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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