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Net foreign outflows within first 15 days of New Year hit Rs. 1 billion

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By Hiran H.Senewiratne

The Colombo bourse continued on its negative run yesterday as net foreign outflows crossed the Rs. 1 billion mark in less than 15 market days in the New Year. The reason for the selling pressure was the belief that upcoming corporate earnings are not likely to be favourable, market analysts said.

Amid those developments both indices move downwards. The All- Share Price Index went down by 65.6 points and S and P SL20 declined by 22.3 points.

Turnover stood at Rs 802 million without any crossings. In the retail market top seven companies that mainly contributed to the turnover were; Ceylinco Insurance (Non- Voting) Rs 294 million (377,000 shares traded), JKH Rs 68.9 million (372,000 shares traded), Capital Alliance Rs. 9 million (1.1 million shares traded), Browns Investments Rs 40 million (9 million shares traded), Expolanka Holdings Rs 38.7 million (278,000 shares traded), TJLanka Rs 20.6 million (550,000 shares traded) and Associated Motor Finance Rs 20.2 million (994,000 shares traded). During the day 31.6 million share volumes changed hands in 9300 transactions.

It is said that the Insurance sector was the top contributor to the market turnover (due to Ceylinco Insurance (Non- Voting), while the sector index lost 0.67 points. The share price of Ceylinco Insurance (Non- Voting) decreased by Rs. 20 to Rs. 800.

The Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Melstacorp), while the sector index decreased and share price of Melstacorp lost Rs. 3.20 to settle at Rs. 85.

Capital Alliance, JKH and Browns Investments were also included among the top turnover contributors. The share price of Capital Alliance moved down by 40 cents to touch Rs. 53.20.

Yesterday, the US dollar buying rate was Rs 316.78 and selling rate Rs326.43.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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