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CSE total market turnover hits Rs. 600 billion within first eight months of 2021

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By Hiran H.Senewiratne

Investor confidence in the Colombo Stock Exchange recorded an all-time high with the total market turnover touching Rs. 600 billion as at 24th August 2021 within the first 08 months of the year. Therefore, the investor sentiment has shown some significant improvement despite the country’s economic woes and the Covid 19 pandemic condition, CSE-Head of Marketing Niroshan Wijesundera said.

“Last year, the CSE’s total turnover reached Rs. 396.8 billion but this year we have surpassed last year’s total market turnover in less than eight months. Therefore, market trading activities have also increased by approximately 27.5 percent, Year-To-Date growth is seen in ASPI, Wijesundere told The Island Financial Review.

He said daily turnover marked the highest value for the quarter at Rs. 10.8 billion, recorded on the previous day. Yesterday the market turnover stood at Rs. 9.9 billion. The two days’ market turnover averaged Rs10 billion year to date; a 34 percent increase of active accounts compared to year 2020.

The CSE implemented the Delivery Versus Payment (DVP) Settlement mechanism on August 16, 2021. “The increased market participation and growth indicates how all the market participants have embraced the new trading systems and its operating infrastructure, Wijesundera explained.

“With the announcement of new policy rates, although a public reaction was exhibited soon after, the positive trajectory of the market indicates that the amended policy rates have not posed a negative effect on the market performance and activity, Wijesundere said.

CSE trading activates were bullish yesterday and a major contributor to the All Share Price Index was Commercial Leasing Finance, which contributed 124 points. Commercial Leasing Finance’s share price yesterday appreciated by 50 percent or Rs. 8.70. Its shares started trading at Rs. 17.50 and at the end of the day they shot up to Rs. 26.20.Expolanka Holdings, performed well on the previous day with noted profit taking but its share price depreciated by two percent or Rs. 2.75. It shares started trading at Rs. 122.75 but at the end of the day they came down to Rs. 120.

Amid those developments both indices moved upwards. All Share Price Index went up by 188.30 points to 8667.95 and S and P SL20 rose by 24.44 points. Turnover stood at Rs. 9.95 billion with three crossings. Those three crossings were reported in Cargills PLC where 730,000 shares crossed to the tune of Rs. 171.5 million and its share price traded at Rs. 235, HNB (Non Voting) 880,000 shares crossed for Rs. 100.4 million, its shares traded at Rs. 114 and JKH 630,000 shares crossed for Rs. 83.2 million, its share price being Rs. 132.

In the retail market top seven companies that mainly contributed to the turnover were, Expolanka Holdings Rs. 1.59 billion (13 million shares traded),LOLC Finance Rs. 1.06 billion (86.3 million shares traded), Browns Investments Rs. 1.04 billion (133 million shares traded), LOLC Holdings Rs. 965 million (1.8 million shares traded), Hayleys PLC Rs. 956.8 million (10.8 million shares traded, Dipped Products Rs. 602 million (10 million shares traded) and Royal Ceramic Rs. 474 million (10.8 million shares traded). During the day 421.4 million share volumes changed hands in 62000 transactions.

LOLC Group now owns a 15 percent stake in SANASA Development Bank (SDB bank) following the conclusion of the bank’s Secondary Public Offering (SPO).SDB Bank said that when the issue closed last week, the SPO had drawn applications worth Rs. 3.69 billion; short of the desired Rs. 4.5 billion aimed at. The SPO received 111 applications requesting for 71.76 million shares.

It said Iconic Property Twenty Three Ltd., a fully owned subsidiary of LOLC Investments, has been allocated 24.1 million shares or 15 percent. Kotagala Plantations PLC’s Rs. 790 million Rights Issue has seen demand worth Rs. 1 billion, reflecting a successful oversubscription.

The Issue involved 263,287,500 Ordinary Shares at Rs. 3 per share on the basis of seven new shares for two held. The aim was to raise Rs. 790 million. Kotagala said the Rights Issue had been oversubscribed with total subscription received amounting to Rs. 1.01 billion inclusive of additional shares applied for. It said the information was subject to the realisation of cheques, bank confirmation, elimination of duplications (if any) and other verifications.

Consolidated Tea Plantations Ltd. owns 45 percent in Kotagala and related parties Lankem Tea and Rubber Plantations own 21.76 percent. The percentage of shares held by the public in Kotagala as of 30 June was 32.77 percent with 13,439 public shareholders.



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Indra Traders launches Athwela Programme in partnership with Bank of Ceylon

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Rushanka Silva (Managing Director, Indra Traders) and Y. A. Jayathilaka (General Manager, Bank of Ceylon) appearing for a photograph after signing the agreement. Also present at the occasion (from left in the photo): Asitha Perera – Senior Sales Manager, Indra Traders, Dharma Ilangasinghe – Group General Manager, Indra Traders, Shashindra Silva – Sales Director, Indra Traders, R. M. N. Jeewantha – Deputy General Manager (Development Banking & Branch Credit Operations Range II), BOC, Samantha Wimalasiri – Assistant General Manager (Consumer & Development Banking), BOC, F. S. Naeem – Chief Manager (Development Banking), BOC, R. M. L. W. Ratnayake – Senior Manager (Consumer & Development Banking), BOC

Indra Traders recently introduced a special programme titled “Athwela” in collaboration with the Bank of Ceylon (BOC).

The programme was designed with a primary focus on customer convenience, aiming to provide essential support by simplifying the financial challenges often associated with vehicle purchasing and servicing. This initiative is regarded as a further strengthening of the trust and relationships Indra Traders has built over its decades of service excellence.

The partner for this program, the Bank of Ceylon (BOC), is Sri Lanka’s largest state bank and a premier financial institution. It offers an extensive island-wide branch network, exceptional customer service, and some of the most competitive interest rates in the market.

Speaking at the event, Rushanka Silva, Managing Director of Indra Traders, said: “Today is a very special day for us. As Indra Traders, a company engaged in business for over five decades, it is a great honor to enter into the ‘Athwela’ agreement with Sri Lanka’s largest bank. Through this program, we are working to provide various financial and service facilities, including leasing. As a company that imports everything from the smallest to the largest vehicles, we provide customers the opportunity to purchase any vehicle they need through our six yards located across the island. Even if a specific vehicle is not in our current stock, we are prepared to import it according to the customer’s requirement. I invite all customers to join hands with ‘Athwela’.”

Y. A. Jayathilaka, General Manager of Bank of Ceylon, added “At a time when restrictions on vehicle imports have been relaxed, it is a great pleasure for Bank of Ceylon, the strongest bank in the country, to partner with Indra Traders – a company with over 50 years of trusted history. Our goal is to provide a comprehensive and convenient service to leasing customers across the island by combining BOC’s extensive branch network with Indra Traders’ expertise.”

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Launch of new Beijing-Colombo air link announced in China

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Ambassador Majintha Jayasinghe and representatives of Beijing Capital Alliance at the destination promotion event where the new Beijing-Colombo air link was announced.

The Sri Lankan Embassy in Beijing together with Beijing Capital Airlines last week organized a destination promotion event and announced the launch the Capital Airlines direct flights from Beijing to Colombo.

While congratulating Beijing Capital Airlines for expanding the connectivity between Beijing and Colombo, the Sri Lanka Ambassador Majintha Jayesinghe highlighted the longstanding bilateral relations between the two countries and the significance of strengthening connectivity in line with the Joint Statement issued following the meeting in January 2025 between President Xi Jinping and President Anura Kumara Disanayaka, a news release from the embassy said.

The President of the Beijing Capital Airlines Liu Jun expressed appreciation and stated that the new route is an important milestone in expanding the airline’s South Asian network while strengthening the Air Silk Route. He also highlighted that this is the only direct flight connecting Northern China with Sri Lanka and a key Capital-to-Capital air link, it added.

There was no word about the flight frequency and when the service will begin.

Ambassador Jayesinghe reiterated that Sri Lanka is more than a holiday destination and is positioned as an exotic, experienced-rich, year-round travel destination offering warm and pleasant weather. He emphasized that Sri Lanka, as a stand-alone destination, provides a blend of rich history, eight UNESCO heritage sites, diverse landscapes, pristine beaches, dense forests, and scenic mountains, inviting Chinese travellers to explore and enjoy Sri Lanka.

The commencement of the Beijing – Colombo route will contribute to the social and economic development of both countries. The Beijing- Colombo service has filled a longstanding gap in the aviation market and will further promote the economic, trade, cultural and tourism development, while offering more convenient travel options, the news release said.

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SLT-MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App

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From left to right – Supipi Nawarathne, Head, Department of Food Technology, UCIARS, Dr. Nisansala Widanapathirana, Head, Department of Agro Technology, UCIARS, Professor Champathi Gunathilake, Director, UCIARS, Dr. Nath Dharmasena, CEO, Fintelex Pvt Ltd, Sudharshana Geeganage, COO, Mobitel, Professor Indika Mahesh Karunathilaka, Vice Chancellor, University of Colombo, Pradeep Arunasiri, Consultant Agronomist – Digital Inclusion, Fintelex Pvt Ltd, and Madura Hewage, Senior Manager – VAS, Mobitel, at the launch of Yaya Agro.

SLT-MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all-in-one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.

Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.

Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real-time weather updates, first aid support, and AI-powered assistance into a single, easy-to-use platform.

The launch of Yaya Agro positions SLT-MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI-driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT-MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.

Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real-time support, and market access to the fingertips of every Sri Lankan farmer.

Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.

Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location-based weather forecasts to help plan farming activities more effectively. The app also delivers life-saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.

To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach.

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