Connect with us

Business

Late buying interest in select companies boosts stock market

Published

on

CSE trading indicated some volatility yesterday at the outset but later buying interest was noted in select speculative companies, market analysts said.Amid those developments both indices moved. The All Share Price Index went up by 14.9 points while the S and P SL20 rose by 1.38 points. Turnover stood at Rs 2.1 billion with four crossings.

Those crossings were: Commercial Bank 505,000 shares crossed to the tune of Rs 106 million; its shares traded at Rs 210, Overseas Reality1 million shares crossed for Rs 48 million; its shares traded at Rs 48, Central Finance 115,000 shares crossed for 30 million; its shares traded at Rs 260 and ACL Cables 287,000 shares crossed to the tune of Rs 28 million; its shares traded at Rs 97.

In the retail market companies that mainly contributed to the turnover were; Luminex Rs 133 million (12 million shares traded), HVA Foods Rs 119 million (14 million shares traded), Ceylon Land and Equity Rs 76 million (6.8 million shares traded), Commercial Bank Rs 46.8 million (222,000 shares traded) hZenid Rs 46 million (1.7 million shares traded) and Exterminator Rs 45.7 million (2.7 million shares traded). During the day 120 million share volumes changed hands in 23424 transactions.

It is said that banking sector counters, especially Commercial Bank, performed well, IT solutions companies, especially hZenid, also performed well. Manufacturing sector companies, especially ACL Cables, was also significantly active at the floor.

Yesterday the rupee was quoted at Rs 317.75/318.25 to the US dollar in the spot market, after hitting Rs 318.25/319.00 the previous day, dealers said, while bond yields were broadly steady.

A bond maturing on 01.07.2028 was quoted at 9.70/80 percent, down from 9.75/78 percent.

A bond maturing on 15.06.2029 was quoted at 9.90/95 percent.

A bond maturing on 15.10.2029 was quoted at 9.95/10.00 percent, down from 9.95/10.05 percent.

A bond maturing on 15.12.2029 was quoted flat at 10.00/05 percent.

A bond maturing on 01.03.2030 was quoted at 10.00/05 percent.

A bond maturing on 15.12.2032 was quoted at 10.75/85 percent, down from 10.70/90 percent.

A bond maturing on 01.11.2033 was quoted flat at 10.95/11.05 percent, up from 10.95/11.00 percent.

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Your email address will not be published.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

Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment

Published

on

The exchange of the MoU between the two organisations

By Sanath Nanayakkare

In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.

The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.

A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.

Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.

With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.

To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.

Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.

Continue Reading

Business

Hettich celebrates a decade in Sri Lanka with partner meet in Colombo

Published

on

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality

Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.

The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.

The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.

Continue Reading

Business

GS Evo Motors launches all-new JMEV EWIND

Published

on

Priyantha Perera, Chief Executive Officer of GS Evo Motors (left), and Sunil Wettasinghe, Chairman of GS Evo Motors, introducing the latest JMEV Ewind Electric SUV to the local market

GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.

The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.

The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.

Continue Reading

Trending