Business

E. B. Creasy in notable share transaction; CSE bounces back

Published

8 months ago

2025/09/4

E.B. Creasy & Co. said yesterday in a CSE filing that its public holding had increased to 26.43 percent following share sales by Colombo Fort Land & Building, market analysts said. According to the filing, Colombo Fort Land disposed of 5 million shares on August 6 and a further 1.5 million shares on August 27.

As a result, the company’s public float rose from 23.86 percent reported in its June 30 interim financial statements to 26.43 percent as at August 29, the record date. The increase improves liquidity in the stock and moves the company further above the minimum public float threshold required under CSE listing rules.

Meanwhile, the biggest shareholder Fairfax on Monday picked up another 1.3 percent stake or 230 million shares in top blue chip JKH. Via HWIC Asia Fund, Fairfaxt held a 24.2% stake in JKH as at end of June 2025.On Monday, JKH saw 237.3 million of its shares traded for Rs. 5.5 billion with the share price closing at Rs. 23, down by 30 cents. Fairfax acquired the new stake at Rs. 23.20 per share. Among major sellers was Norges Bank Account 2, which as at end June 2025 held 422.8 million shares or a 2.4 percent stake.

The CSE was able to bounce back yesterday due to active retail participation and mainly driven by Dankotuwa Porcelain due to heavy retail market trading, market analysts said. Amid those developments mixed reactions were noted in both indices. All Share Price Index moved up by 6.53 points, while the S and P SL20 rose by 19.3 points. Turnover stood at Rs 6.4 billion with eight crossings.

Those crossings were reported in HNB, which crossed 350,000 shares to the tune of Rs 138.2 million and its shares traded at Rs 395, Resus Energy 3.1 million shares crossed to the tune of Rs 124 million and its shares traded at Rs 40, Hemas Holdings two million shares crossed for Rs1.2 million and its shares sold at Rs 30.60, JKH 1.8 million shares crossed to the tune of Rs 22.70, Dipped Products 675,000 shares crossed to the tune of Rs 39.8 million and its shares traded at Rs 59, Melstacope, 230,000 shares crossed for Rs 37.9 million; its shares traded at Rs 165, Asian Hotel and Properties 378,000 shares crossed for Rs 36.5 million; its shares traded at Rs 36.50 and Aitken Spence Hotels 250,000 shares crossed to the tune of Rs 26.2 million; its shares sold at Rs 105.

In the retail market top seven companies that have mainly contributed to the turnover were; Dankotuwa Porcelain Rs 1.9 billion (57 million shares traded), LB Energy Fund Rs 310 million (25.6 million shares traded), Pan Asia Power Rs 234 million (12 million shares traded), Sierra Cables Rs 156 million (5.9 million shares traded), JKH Rs 144 million (6.3 million shares traded), Aitken Spence Hotels Rs 141 million (1.6 million shares traded) and Jetwing Symphony Rs 141 million (8.1 million shares traded). During the day 260 million share volumes changed hands in 420000 transactions.

Yesterday, the rupee opened at Rs302.10/15 to the US dollar in the spot market, stronger from Rs 302.12/20 the previous day, while bond yields were broadly steady, dealers said.

By Hiran H.Senewiratne

All News Advertisement

Business

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

Published

20 seconds ago

2026/04/29

Sahan Weerasooriya

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

Published

1 min ago

2026/04/29

Sahan Weerasooriya

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.

Business

ComBank secures Global Finance Asia-Pacific regional award for Circular Economy Commitment

Published

2 mins ago

2026/04/29

Sahan Weerasooriya

Global Finance Circular Economy award

The Commercial Bank of Ceylon has been named the Asia Pacific regional winner of the Circular Economy Commitment award at the sixth annual Sustainable Finance Awards presented by Global Finance, securing a significant third-party endorsement of the Bank’s commitment to sustainable and responsible banking.

The award recognises leadership in advancing financing initiatives that promote the reuse and regeneration of materials and resources, thereby supporting production models that are environmentally sustainable and climate-resilient. Among the other regional recipients of the Circular Economy Commitment award this year are Scotiabank for North America and VUB for Central and Eastern Europe.

Kapila Hettihamu, Chief Risk Officer at Commercial Bank, accepted the award on behalf of the Bank at the presentation ceremony held recently at Landing 42 in London.

Global Finance announced the winners of its Sustainable Finance Awards programme for 2025, honouring global, regional and local leadership in funding initiatives designed to mitigate the negative impacts of climate change and contribute to a more sustainable future.