Business
‘Forced selling’ by some investors dampens market
By Hiran H.Senewiratne
The CSE suffered further setbacks yesterday as both indices declined. Stockbrokers believe that forced selling of shares by some investors put some index heavy companies’ activities on to a negative trajectory, market analysts said.
Some banks and finance companies offer credit facilities to investors to invest in the stock market against their existing portfolio or by keeping their stocks as collateral. With the dropping of the market, the last resort available for investors is to sell their stocks and settle the credit facility to the respective bank or finance company. This is one of the main reasons for the stock market downturn, market analysts added.
Index experienced downward movement yesterday followed by a short-lived uptrend during the early hour of trading but thereafter witnessed a strong downtrend once again. Therefore, both indices witnessed a downward trend. All Share Price Index went down by 191.05 points and S and P SL20 declined by 52.98 points.
Turnover stood at Rs. 3 billion with two crossings. Those crossings were reported in Lion Brewery, which crossed 328,000 shares to the tune of Rs. 177 million, its shares traded at Rs. 540 and Commercial Bank 1 million shares crossed for Rs. 84.5 million, its shares trading at Rs. 84.50.
In the retail market, top five companies that mainly contributed to the turnover were, LOLC Rs. 555 million (1.8 million shares traded), Browns Investments Rs. 296 million (56.4 million shares traded), Expolanka Rs. 290 million (6.6 million shares traded), JKH Rs. 250 million (1.7 million shares traded) and Dipped Products Rs. 127 million (3 million shares traded). During the day, 133.8 million share volumes changed hands in 22972 transactions.
Sri Lanka’s rupee was quoted steady at 196.00/196.50 levels to the US dollar in the one-week forwards market on Thursday while bond yields edged up marginally after the monetary policy review, dealers said.
The rupee last closed in the one- week forward market at 196.00/197.00 to the dollar on Wednesday. Sri Lanka’s Central Bank decided to keep the interest at current levels. It said it will keep the interest rate low.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
SLT-MOBITEL Enterprise launches Premium Cloud
SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.
The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.
The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.
Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.
SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.
A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.
Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.
The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.
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