Connect with us

Business

Energy sector stocks pack power into share market

Published

on

Energy sector stocks were active at the CSE yesterday as two major companies, namely Vidul Lanka and WindForce, emerged the lowest/ qualified bidders for government tenders for building 15 Mega Volts renewable energy projects.

These developments, coupled with favourable geopolitical and economic conditions, elevated the market to positive territory.

Amid those developments both indices moved upwards. The All Share Price Index went up by 99 points while S and P SL20 rose by 10.25 points.

Turnover stood at Rs 5.3 billion with eight crossings. Those crossings were reported in Sampath Bank where 871,000 shares crossed to the tune of Rs 127 million; its shares traded at Rs 147, JKH four million shares crossed to the tune of Rs 93 million; its shares traded at Rs 20, WindForce one million shares crossed to the tune of Rs 54 million; its shares traded at Rs 54, Ceylon Land and Equity three million shares crossed to the tune of Rs 46 million; its shares sold at Rs 12.50.

Pan Asia Bank 500,000 shares crossed for Rs 32 million; its shares traded at Rs 64.50, DFCC Bank 187,000 shares crossed for Rs 30 million; its shares traded at Rs 161, Lanka Realty Investments 738,000 shares crossed to the tune of Rs 25 million; its shares traded at Rs 34.30 and HNB (Non-Voting) 64000 shares crossed for Rs 20 million; its shares traded at Rs 312.

In the retail market top seven companies that mainly contributed to the turnover were; WindForce Rs 407 million (seven million shares traded), Colombo Dockyards Rs 286 million (937,000 shares traded), Laugfs Gas Rs 247 million (three million shares traded), Sierra Cables Rs 235 million (seven million shares traded), Lanka Realty Rs 213 million (five million shares traded), JKH Rs 165 million (seven million shares traded) and Vidul Lanka Rs 148 million (five million shares traded). During the day 174 million share volumes changed hands in 40000 transactions.

It is said that the banking sector performed well, especially Sampath Bank. On top of that renewable energy sector companies, especially WindForce, led the market. Further, manufacturing and other services sectors also performed well, market analysts said.

By Hiran H Senewiratne



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Mattala Wildlife Unit to boost revenue, tourism and investor confidence

Published

on

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

Continue Reading

Business

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

Published

on

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.

Continue Reading

Business

Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026

Published

on

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.

Continue Reading

Trending