Business

Major transaction in East-West shares keeps CSE in a degree of vibrancy

Published

1 year ago

2025/07/9

A share transaction occurred yesterday for the East- West Company, where a leading local business tycoon had reportedly paid Rs 3.2 billion to purchase 106 million shares, market analysts said.

Amid those developments CSE turnover touched more than Rs 8 billion, giving some impetus to the market despite there being a drop in both indices, as most local and foreign investors remain concerned over US President Donald Trump’s decision on reciprocal tariffs but the US government announced it had extended the deadline for the imposition of tariffs until August 1, market analysts said. The All Share Price Index went down by 10.1 points, while the S and P SL20 went down by 7.3 points. Turnover stood at Rs 8.8 billion with seven crossings.

Those crossings were reported in East West , where 106 million shares crossed to the tune of Rs 3.2 billion and its shares traded at Rs 30.20, Sampath Bank 10 million shares crossed for Rs 1.2 billion; its shares traded at Rs 125, Commercial Bank 3.3 million share crossed for Rs 523 million and its shares traded at Rs 157, HNB 250,000 shares crossed for Rs 82.5 million; its shares traded at Rs 330, JKH 3.5 million shares crossed to the tune of Rs 80.8 million; its shares traded at Rs 23.10, CIC Holdings 250,000 shares crossed for Rs 34.7 million; its shares traded at Rs 135 and Singer (Sri Lanka ) 500,000 shares crossed for Rs 22.75 million; its shares traded at Rs 45.

in the retail market top six companies that mainly contributed to the turnover were; Sampath Bank Rs 448 million (3.5 million shares traded), JKH Rs 287 million (12.4 million shares traded), East West Properties Rs 257 million (8.4 million shares traded), Dipped Products Rs 124 million (2.1 million shares traded), Commercial Bank Rs 115 million (1.2 million shares traded) and Valibell Finance Rs 110 million (one million shares traded). During the day 339 million share volumes changed hands in 27000 transactions. It is said that banking, manufacturing and services sectors were notably active in the market

Yesterday the rupee opened weaker at Rs 301.20/50 to the US dollar in the spot market from Rs 301.00/40 a day earlier, dealers said, while bond yields were broadly steady. A bond maturing on 15.12.2026 was quoted at 8.05/10 percent, up from 8.00/10 percent. A bond maturing on 15.09.2027 was quoted at 8.40/50 percent. A bond maturing on 15.10.2028 was quoted at 8.90/95 percent, up from 8.85/92 percent. A bond maturing on 15.12.2029 was quoted at 9.40/50 percent, down from 9.42/48 percent. A bond maturing on 15.12.2032 was quoted at 10.35/45 percent, down from 10.35/47 percent.

By Hiran H.Senewiratne

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Business

Tropic Of Linen takes new form at The Shoppes at City of Dreams

Published

9 mins ago

2026/08/31

Thilina Walpola

From left: Tropic Of Linen Founders Minha Akram and Shukran Salih

Sri Lankan fashion label Tropic Of Linen recently opened the doors to its second boutique, located at The Shoppes at City of Dreams.

For over a decade, linen has formed the core of the brand’s inspiration and business ethos. Its textures, movement, and natural irregularities carry through the striking interior of Tropic Of Linen’s newly opened second store. Large sculptural forms in wind-worn sandstone sit against softer curves, while a grand olive tree anchors the heart of the store, reaching up toward a skylight and giving life to the entire space.

Drawing on her background in fine art and design, co-founder Minha Akram envisioned a layered, sensory interior intended to draw people into the world of Tropic Of Linen and invite them to linger.

Business

ANC Education celebrates ‘Class of 2026’ at graduation ceremony in Colombo

Published

11 mins ago

2026/08/31

Thilina Walpola

The ceremony marked both a conclusion and a new beginning, with ANC celebrating student progress and future success

ANC Education held its 2026 graduation ceremony at BMICH, Colombo, celebrating graduates across multiple programmes. The cohort included 53 BBA graduates from Northwood University, 22 Psychological Sciences graduates from Northern Arizona University, 320 Pearson BTEC HND graduates, and 29 BTEC Level 7 graduates, alongside foundation, diploma, and transfer pathway students. Senior representatives from partner institutions attended.

Best Performer Awards recognised outstanding academic achievement. The event honoured years of hard work and support from families and educators. Since 2002, ANC has provided local and international pathways. Graduates now pursue careers, further studies, or international opportunities.

Business

FLIR and Marlbo push predictive maintenance to cut costs and downtime in Sri Lanka

Published

11 mins ago

2026/08/31

Thilina Walpola

Key panelists demonstrated thermal and acoustic imaging as tools to detect electrical faults, mechanical wear, and compressed-air leaks before they escalate into costly breakdowns

Global tech firm FLIR and local partner Marlbo Trading Company are stepping up efforts to help Sri Lankan industries shift from reactive repairs to predictive maintenance. At a recent seminar in Colombo, they showcased thermal and acoustic imaging as tools to detect electrical faults, mechanical wear, and compressed-air leaks before they escalate into costly breakdowns.

FLIR experts stressed that early detection improves energy efficiency, extends equipment life, and reduces unplanned downtime – key priorities as local plants face rising operational pressures. Acoustic imaging, in particular, was highlighted for quickly pinpointing invisible air leaks that waste energy.