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CSE trading halts twice; indices dip steeply

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By Hiran H.Senewiratne 

Trading at the CSE was halted twice yesterday. On the first occasion, the index of liquid stocks fell 8.13 percent, triggering a 7.5 percent circuit breaker. Trading  was halted for a second time  at  12.18 hours, when the index fell 5.0 percent.

Initially, CSE’s benchmark All Share Index fell 6.47 percent or 500 points and there was heavy selling pressure, stock brokers said.

Stock buyers who had bought on margin or credit were also trying to cut positions. The index had been going up partly due to low interest rates amid record excess liquidity in money markets. Many investors are also sitting on capital gains after a 30 percent gain in January 2021, market sources said.

Analysts said the CSE had fallen by nearly 15 percent  from 9,000 points to 7,735 points within days, perhaps exposing fickleness, but others said fundamentals were intact based on earnings and valuations, hence investor behaviour was unwarranted. 

Amid those developments, the market witnessed a fast recovery in the latter part of the day and huge selling pressure was noted in the LOLC Group and Vallibel One. Further, Carsons Cumberbatch and Vallible One were two companies that lowered the index. In the latter part of the day, the  All Share Price Index had fallen 134.62 points and the S and P SL20 had declined by 48.42 points.   During the day only 76 companies’ share prices moved up and 156 recorded a drop in prices, market sources said. 

The turnover stood at Rs. 4.38 billion without any crossings. In the retail market, top five contributors to the turnover were, Expolanka Rs. 563 million (12.5 million shares traded), Browns Investments Rs. 458 million (90.8 million shares traded), LOLC Holdings Rs. 404 million (one million shares traded), Royal Ceramic Rs. 381 million (1.4 million shares traded) and JKH Rs. 352 million (2.3 million shares traded). During the day, 198 million share volumes changed hands in 37,000 transactions.   

Sri Lanka rupee was quoted around 195.00/198.00 levels in the one-week forwards market on Wednesday, while bond yields edged up on selling pressure, dealers said.

The rupee last closed in one-week forward market at 196.00/198.00 levels on Wednesday. The rupee closed wide 194.00/198.00 to the US dollar in the spot market on Wednesday.



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Mattala Wildlife Unit to boost revenue, tourism and investor confidence

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Dignitaries at the MOU signing ceremony.

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

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Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry

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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.

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Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026

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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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