Business
CSE sustains recovery momentum, ending November on positive note
By Hiran H. Senewiratne
The CSE yesterday sustained its new-found momentum, rising by over 3 per cent, thereby enabling it to finish November on a positive note after the dip in October. This time the market bounced back strongly, reflecting positive sentiments for the fifth consecutive day, stock market analysts said.
Positive investor sentiments were established on the basis of positive comments from the Governor of the Central Bank over market rates, eventually seeing an ease despite fears over successful domestic debt restructuring. Analysts further stated that Treasury related stocks have also been activated due to downward movements in yield.
Amid those developments both indices moved upwards. The All- Share Price Index went up by 52.56 points and S and P SL20 rose by 13.34 points. Turnover stood at Rs 3.1 billion with three crossings. Those crossings were reported in Expolanka Hodings, which crossed 4.1 million shares to the tune of Rs 817 milllion, its shares traded at Rs198, Asiya Syaka Commodities 10 million shares crossed for Rs 43 million, its shares traded at Rs 4.30 and Sierra Cables 3 million shares crossed to the tune of Rs 33 million and its shares traded at Rs 11.
In the retail market top seven companies that mainly contributed to the turnover were, Lanka IOC Rs 470 million (2.3 million shares traded), Expolanka Holdings Rs 299 million (1.5 million shares traded), Browns Investments Rs 229 million (31.2 million shares traded), LOLC Finance Rs 175 million (21.4 million shares traded), Sunshine Holdings Rs 72.1 million (1.9 million shares traded), First Capital Holdings Rs 63.6 million (2.4 million shares traded) and LOLC Holdings Rs 58.8 million (138,000 shares traded). During the day 176 million share volumes changed hands in 23000 transactions.
It is said high net worth and institutional investor participation was noted in Overseas Realty, Lanka IOC and Kelani Tyres. Mixed interest was observed in Expolanka Holdings, First Capital Holdings and Capital Alliance, while retail interest was noted in Browns Investments, SMB Leasing (voting and nonvoting) and LOLC Finance.
The Food, Beverage and Tobacco sector was the top contributor to the market turnover (due to Browns Investments) while the sector index gained 3.27 per cent. The share price of Browns Investments increased by Rs. 1 (15.38 per cent) to close at Rs. 7.50.
The Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Finance) while the sector index increased by 6.66 per cent. The share price of LOLC Finance appreciated by Rs. 1.30 (20 per cent) to close at Rs. 7.80.
Even in the international arena the market conditions were quite positive. Chair of the Federal Reserve of the United States Jerome Powell said that the speed of the interest rate hike would reduce and the European Union seems to be moving out of recession worries. This has also created some positive sentiment for local markets as well, analysts said.Yesterday the Central Bank- announced US dollar buying rate was Rs 361.25 and the selling rate Rs 371.72.
Business
Mattala Wildlife Unit to boost revenue, tourism and investor confidence
The launch of a dedicated wildlife unit at Mattala Rajapaksa International Airport is expected to deliver significant economic benefits by improving aviation safety, strengthening eco-tourism and enhancing Sri Lanka’s investment appeal, Wildlife Conservation Department Director General Ranjan Marasinghe said.
Speaking at the signing of a Memorandum of Understanding between the Department of Wildlife Conservation and Airport and Aviation Services (Sri Lanka) Limited, Marasinghe said the initiative links conservation directly with national development and revenue generation.
“This is more than an administrative step—it is a forward-looking initiative that aligns conservation, aviation safety and national development in a single strategic effort,” he said.
He noted that wildlife management at airports is globally recognised as essential for reducing bird strikes and wildlife-related disruptions, which can lead to costly repairs, delays and operational losses.
By proactively managing such risks, the Mattala Wildlife Unit is expected to lower potential costs for airlines and airport operators while improving efficiency and confidence among carriers considering future operations.
Marasinghe said the airport’s proximity to premier tourism destinations such as Yala National Park and Udawalawe National Park, together with marine tourism opportunities including Blue Whale watching, gives Mattala a strong commercial advantage.
“This convergence of aviation and wildlife tourism creates an extraordinary opportunity,” he said, adding that the airport has the potential to become a major gateway for high-value eco-tourism.
Industry observers note that wildlife tourists generally spend more on guided safaris, hotels, transport and local experiences, generating stronger foreign exchange earnings and employment opportunities for surrounding communities.
Marasinghe said integrating environmental standards into airport operations would also improve Sri Lanka’s global image at a time when investors and international travellers increasingly value sustainability.
“By integrating environmental considerations into airport operations, we position Sri Lanka more favourably on the global stage, demonstrating that we are a nation committed to sustainability, responsibility and innovation,” he said.
He expressed hope that the Mattala model would be replicated at other international airports, creating long-term savings, stronger environmental governance and wider economic returns.
The Director General said the Department of Wildlife Conservation remains committed to supporting the national economy through new and meaningful avenues while protecting Sri Lanka’s natural assets.
“Conservation must also contribute to development,” he said, stressing that protecting biodiversity and generating growth can go hand in hand.
By Ifham Nizam
Business
Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry
Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC). The graduates were awarded their NVQ Level 3 certifications, marking a significant milestone in their professional journey within Sri Lanka’s vertical transportation industry.
The certification programme was developed in partnership with the National Apprentice and Industrial Training Authority (NAITA) and the Ministry of Vocational Training & Skills Development, ensuring trainees received industry-recognised qualifications, alongside strong practical competencies. The ceremony was attended by directors of both Aitken Spence and CINEC Campus, as well as staff members, lecturers, and invited guests of the graduating students
Anuka Prashan Pieris was recognised as the Most Outstanding Student of the batch in appreciation of his exceptional performance and commitment throughout the programme. The Elevator Training Centre plays a vital role in addressing the growing demand for skilled elevator service technicians through structured training and hands-on learning. The facility features Sri Lanka’s first Elevator Training Tower, offering trainees practical exposure aligned with both local and international standards.
All graduates of the current batch have already commenced their careers as technicians and supervisors at Aitken Spence Elevators. Their seamless transition into the workforce reflects the programme’s strong emphasis on developing job-ready professionals capable of contributing effectively from day one.
Business
Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026
COLOMBO, SRI LANKA– Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s dedication to excellence, innovation, and superior quality in the Sri Lankan construction industry.
The award was presented during a grand ceremony held at the esteemed Nelum Pokuna Theatre, a key event in the nation’s architectural and construction calendar. The SLIA Annual Product Awards are widely regarded as a benchmark for quality and design excellence, with products rigorously evaluated by a panel of distinguished architects and industry experts. Receiving this Merit Award positions Sterling Steels among the top-tier suppliers of building materials in the country.
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