Business
Dhammika Perera-led companies drive share market; tile sector counters attractive
By Hiran H.Senewiratne
The CSE kicked off on a negative note in the early part of the session yesterday but buying interest developed during the middle of the session, mainly driven by companies led by local business magnate Dhammika Perera, especially tile sector counters. This was on account of the first interim cash dividend of Rs 6.50 per share on Lanka Tiles the previous day, market analysts said.
. Shares edged- up in mid- day trade, on Sri Lanka’s continued hopefulness of securing the long- awaited US $2.9 billion dollars from the IMF after China provided assurances on the agreement, a stock analyst said. The market had seen some profit- taking and selling pressures coming in, as the market is reviving on positive macroeconomic sentiments, he said.
“There has been a renewed interest for retail indexes, while banking and financial sectors have been slow since they were on an uptrend since the news of the IMF broke out, he added.
Both indices moved upwards. The All- Share Price Index went up by 55.26 points and S and P SL20 rose by 13.7 points. Turnover stood at Rs 2.49 billion with six crossings. Those crossing were reported in Hayleys PLC where 2.8 million shares crossed to the tune of Rs 218 million, its shares traded at Rs 78, Melstacorp 1.6 million shares crossed for Rs 98.76 million and its shares traded at Rs 60, Lanka IOC 194,000 shares crossed to the tune of Rs 38.9 million; its shares fetched Rs 200, Alumex PLC 4.2 million shares crossed for 36 million; its shares traded at Rs 8.50, Royal Ceramic one million shares crossed to the tune of Rs 34 million and its shares fetched Rs 34 and HNB 200,000 shares crossed for Rs 27 million and its shares traded at Rs 135.
In the retail market top companies that mainly contributed to the turnover were: Royal Ceramic Rs 168 million (4.9 million shares traded), JKH Rs 117 million (831,000 shares traded), Lanka Wall Tiles Rs 112 million (1.9 million shares traded), ACL Cables Rs 107 million (1.3 million shares traded), Lanka Tiles Rs 105.2 million (two million shares traded), Richard Peiris Rs 102.6 million (4.5 million shares traded) and Softlogic Capital Rs 91 7 million (eight million shares traded). During the day 97.4 million share volumes changed hands in 24000 transactions.
It is said high net worth and institutional investor participation was noted in Hayleys, HNB and Expolanka Holdings. Mixed interest was observed in JKH, Capital Alliance and Sampath Bank, while retail interest was noted in Browns Investments, LOLC Finance and Sierra Cables.
The Capital Goods sector was the top contributor to the market turnover (due to Hayleys and JKH) while the sector index edged- down by 0.09 per cent. The share price of Hayleys gained by 40 cents to Rs. 77.40. The share price of JKH inched up 25 cents to Rs. 140.25.
The Banking sector was the second highest contributor to the market turnover (due to HNB), while the sector index increased by 0.33 per cent. The share price of HNB increased by Rs. 7.25 (5.68 per cent) to Rs 135.Yesterday, the rupee opened at Rs 312/318 to the US dollar and was quoted around Rs 318/319 to the dollar in late morning trade in the spot market, dealers said.
Business
BOC Maldives Celebrates 45 Years of Banking Excellence and Unveils New Digital Banking Initiative
Established in 1981, BOC Maldives has grown steadily over the years, building a reputation as a trusted banking partner. BOC Maldives forms an important part of Bank of Ceylon’s international network, connecting the bank’s operations in London, Chennai, Seychelles, Malé and Hulhumalé. Within this network, BOC Maldives occupies a unique position due to its presence in a tourism-driven economy and its role in facilitating banking relationships associated with trade, investment, foreign currency transactions, and broader regional business activities.
Bank of Ceylon (BOC) Maldives recently celebrated its 45th anniversary, marking a significant milestone in the bank’s longstanding contribution to the Maldivian banking sector and its commitment to fostering economic growth and financial inclusion in the Maldives. A special customer felicitation ceremony was held to recognise long standing relationships with key customers and business partners with the participation of Bank of Ceylon’s Chairman Mr. Kavinda de Zoysa, General Manager/CEO Mr. Y.A. Jayathilaka, Acting Senior Deputy General Manager/Head of Global Markets Mr. G.A. Jayashantha, and Chief Manager of the Overseas Branches Division, Mr. Harischandra Hewage together with Country Manager Ms. Manjula Herath and the staff of BOC, Maldives.
The ceremony reflected the bank’s appreciation for the trust and confidence placed in BOC Maldives over the years and underscored the importance of maintaining strong and mutually beneficial partnerships. Addressing the gathering, senior representatives of the bank highlighted the institution’s journey over the past 45 years and emphasized the branch’s contribution towards strengthening economic ties between Sri Lanka and the Maldives. They also acknowledged the invaluable support extended by customers, stakeholders, regulatory authorities, and employees who have contributed to the branch’s success throughout the years.
One of the key highlights of the event was the announcement of the upcoming launch of Internet Banking services in the Maldives. This initiative represents another significant step in the bank’s digital transformation journey and its ongoing efforts to enhance customer convenience and accessibility. The branch has consistently embraced advancements in banking technology to improve customer service and operational efficiency. Notably, BOC was the first bank in the Maldives to introduce Automated Teller Machines (ATMs), demonstrating its pioneering approach to banking innovation within the country.
The anniversary also offered an opportunity to reflect on the legacy built by BOC Maldives since its establishment. Over the years, the bank has been associated with financing and supporting projects in government, infrastructure, tourism, resort development, construction, real estate, wholesale and retail trade, housing, fisheries, and aviation. Earlier milestones in the bank’s Maldivian operations have also recognized its role in supporting major national and sectoral projects, including airport-related development, government sector financing, and the Hulhumalé Reclamation Project Phase II.
Business
Blue Lanka Tours launches employee mental health and wellness programme
Blue Lanka Tours recently launched a mental health and wellness initiative aimed at promoting employee wellbeing and fostering a healthier workplace culture.
The programme, titled Compass, was held at the ITC Ratnadeepa in Colombo, bringing together employees for a series of sessions focused on mental health awareness, healthy living and personal development.
Addressing the event, Blue Lanka Tours Founder and Managing Director Dinesh N. Perera said the company’s responsibility extended beyond serving international visitors to ensuring the wellbeing of its employees.
“When we say we are a responsible company, it also means we are a responsible employer who recognises workplace pressures, personal responsibilities and the demands of modern life,” he said.
Wellness Facilitator and Mindset Coach Tanuja Perera Raymond conducted a session on building confidence, emotional balance and workplace performance through practical daily habits. Counselling Psychologist and Mind Leap Counselling Services Founder Dulari Ranasinghe discussed strategies for managing stress, overcoming emotional challenges and developing healthier personal relationships.
Fitness and Nutrition Coach Shane Ramenaden led the final session, highlighting the relationship between physical health and workplace productivity through posture improvement, mindful decompression, nutrition and healthy lifestyle practices.
Business
ICAO Asia-Pacific Director joins NGAP aviation awareness programme in Kandalama
The Civil Aviation Authority of Sri Lanka (CAASL) conducted the Next Generation of Aviation Professionals (NGAP) Sri Lanka Programme at D.S. Senanayake Maha Vidyalaya, Kandalama, recently bringing together around 400 school students to promote awareness of aviation-related careers.
The programme, organised through the CAASL Civil Aviation Promotion Unit under the leadership of Director General of Civil Aviation and Chief Executive Officer Captain Daminda Rambukwella, aimed to inspire students to explore opportunities in the aviation sector.
ICAO Asia and Pacific Regional Director Tao Ma attended the event as chief guest, reaffirming the International Civil Aviation Organization’s support for initiatives that encourage youth participation in aviation and contribute to the sustainable growth of the global industry.
Students from D.S. Senanayake Maha Vidyalaya and several schools in the Galewela Education Zone participated in the programme, which featured interactive sessions, presentations by aviation professionals, and educational activities designed to enhance knowledge of the sector.
The programme commenced with a model aircraft flying display, which drew significant interest from students while demonstrating basic principles of flight and aircraft operations.
An aviation-themed art competition was also held, with ICAO officials and CAASL representatives reviewing student artwork and commending their creativity and enthusiasm.
Speaking at the event, Tao Ma praised Sri Lanka’s efforts to promote aviation awareness among youth, noting the importance of developing the next generation of aviation professionals.
Director General of Civil Aviation and Chief Executive Officer of the Civil Aviation Authority of Sri Lanka, Captain Daminda Rambukwella highlighted the role of the NGAP initiative in building a future-ready aviation workforce and encouraged students to consider careers in the expanding sector.
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