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Heavy profit-takings plunge bourse into storm of volatility

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By Hiran H.Senewiratne

The CSE was yesterday highly volatile due to heavy profit- takings in the market following bull-runs lasting several weeks, market analysts said.Amid those developments both indices moved downwards. The All Share Price Index went down by 23.96 points, while S and P SL20 went down by 2.73 points.

Turnover stood at Rs 4.5 billion with seven crossings. Those crossings were reported in Nation Finance, where 500 million shares crossed to the tune of Rs 100 million; its shares traded at 40 Cents. Amana Bank 4 million shares crossed for Rs 102 million; its shares traded at Rs 25.50, JKH 4 million shares crossed to the tune of Rs 95.7 million; its shares traded at Rs 23.90.

LOLC Holdings 9000 shares crossed for Rs 60.3 million; its shares sold at Rs 670, Kotagala Plantations five million shares crossed for Rs 50 million; its shares traded at Rs 10, Melstacope 200,000 shares crossed to the tune of Rs 24.6 million and its shares traded at Rs 123 and DFCC Bank 200,000 shares crossed for Rs 22.2 million; its shares traded at Rs 111.

In the retail market six companies that mainly contributed to the turnover were; Browns Investments Rs 251 million (23.1 million shares traded), JKH Rs 192 million (eight million shares traded), Sampath Bank Rs 183 million (1.6 million shares traded), PickMe Rs 174 million (2.4 million shares traded), LOLC Holdings Rs 163 million (242,000 shares traded) and DFCC Rs 141 million (1.2 million shares traded). During the day 676 million share volumes changed hands in 33000 transactions.

It is said that the banking and finance sector was the most active and contributed mainly to the turnover, especially Nation Finance and Sampath Bank, while the manufacturing and plantations sectors contributed too.

Yesterday, the rupee was quoted wide at Rs 296.00/297.00 to the US dollar, weaker from 295.20/296.00 to the US dollar, dealers said, while some bond yields were marginally up.

A bond maturing on 15.12.2026 was quoted at 9.45/55 percent Tuesday, up from at 9.40/55 percent. A bond maturing on 15.10.2027 was quoted 9.80/90 percent, up from 9.75/90 percent.

A bond maturing on 15.02.2028 was quoted at 10.20/25 percent, up from 10.15/25 percent. A bond maturing on 15.10.2028 was quoted at 10.50/55 percent up from 10.45/55 percent. A bond maturing on 01.05.2028 was quoted at 10.35/45, up from 10.35/40 percent. A bond maturing on 15.09.2029 was quoted at 10.75/85 percent, unchanged. A bond maturing on 15.05.2030 was quoted at 11.00/10 percent, also unchanged.



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CBSL presents Financial Statements and Operations Report 2024 to President

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The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe, officially handed over the Financial Statements and Operations Report 2024 of the Central Bank of Sri Lanka to President Anura Kumara Disanayake at the Presidential Secretariat on Tuesday (29).

A copy of the report was also presented to Secretary to the President Dr. Nandika Sanath Kumanayake.

Several senior officials from the Central Bank were present at the occasion.

 

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HNB Investment Bank promotes Hayleys’ Rs. 7 billion debenture issue as Joint Placement Agent

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Hayleys PLC, one of Sri Lanka’s foremost diversified conglomerates, has announced its plans to raise up to Rs. 7 billion through a debenture issue, marking one of the largest corporate debt offerings scheduled for Q2 2025. This strategic initiative has received in-principle approval from the Colombo Stock Exchange.

At the core of this transaction, HNB Investment Bank (HNBIB) plays a leading role as Joint Placement Agent to the issue, alongside Commercial Bank of Ceylon PLC. Renowned for its bespoke financial solutions and strong track record in capital market transactions, HNBIB’s involvement is pivotal to the success of this offering, reaffirming its expertise in structuring and placing sophisticated debt instruments, most recently demonstrated by way of being the exclusive manager for the country’s first-ever high-yield bond issuance earlier this year.

Hayleys’ initial tranche will offer 50 million listed, rated, unsecured, senior, redeemable five-year debentures priced at Rs. 100 each, aiming to raise Rs. 5 billion. In the event of oversubscription, the company retains the flexibility to issue an additional 20 million debentures, increasing the total potential value to Rs. 7 billion. The funds raised are intended to further optimize Hayleys’ capital structure, underlining the company’s forward-looking financial strategy.

The subscription list for the debentures will officially open on 5th May 2025.

Backed by a strong AAA (Lka) rating from Fitch Ratings Lanka Limited and senior status, the securities offer a compelling investment opportunity, combining stability with the potential for attractive returns.

As Hayleys PLC gears up for this significant fundraising exercise, the selection of HNB Investment Bank as a trusted partner, reinforces confidence in the success of the offering, once again highlighting its role in delivering value for issuers and investors alike.

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Thai Airways celebrates first anniversary of resuming flights to Sri Lanka on sound note

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Dignitaries participating in the anniversary celebrations.

Thai Airways celebrated the one-year anniversary of its resumed operations in Sri Lanka with a series of activities recently. This initiative, which aligns with the airline’s commitment to corporate social responsibility, was successfully held at TRACE City, Colombo 10, on April 4, 2025.

The celebrations culminated with a successful blood donation campaign which involved the community at large.

The campaign underscored Thai Airways’ dedication to the local Sri Lankan community and strengthened the historical and cultural ties between Thailand and Sri Lanka. Blood donation is considered a highly meritorious act in Buddhism, a faith deeply ingrained in both nations. This initiative reflected the shared values of compassion and generosity practised by people in Thailand and Sri Lanka alike.

Since resuming flights between Colombo and Bangkok on March 31, 2024, after a four-year Hiatus, Thai Airways has continuously aimed to enhance its presence in Sri Lanka beyond aviation services. The airline’s Royal Silk Business Class, introduced on March 2, 2025, has elevated the flying experience for passengers traveling between the two countries. With daily flights, passengers benefit from seamless connections to over 60 destinations across Asia, Australasia, the Middle East, Scandinavia, and Europe.

“It’s a great pleasure to be here today as the Sri Lankan Thai Airways team celebrates the first- year anniversary of resuming daily flights between Bangkok and Colombo. This milestone signifies the strong and enduring friendship between Thailand and Sri Lanka. We are thankful to the management of Thai Airways International for establishing this crucial air link. Our partnership has been invaluable. We are deeply honored to have with us today Ms. Prangthip Kongridhisuksakorn, the counsellor of the Royal Thai embassy.

‘Your presence underscores the importance of this occasion and the bond between our nations. Also extending our sincere gratitude to all our partner travel agents for their continued support. Adding to this exciting year, we were thrilled to open Business Class seats offering enhanced comfort and service to our passengers. And thank you once again to our Royal Thai embassy, Thai Airline personnel, travel agents and our dedicated staff for being a crucial part of our success. And thank you all for participating in this meaningful blood donation campaign. Your contribution today embodies the spirit of giving and strengthens the ties between our communities, said Andre Fernando, Managing Director, MAC Holdings Private Limited.

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