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NIFL share price continues to do wonders at CSE

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Investors bemused at the behaviour of the illiquid stock

By Hiran H.Senewiratne 

The Colombo Stock Exchange (CSE) turned negative yesterday in an apparent reflection of investor concerns over the country’s foreign reserves and debt servicing as well as behavior of one illiquid stock, which is LOLC Development Finance (NIFL), market analysis said.. 

The market initially was positive when it was started but much talked about LOLC Development Finance or NIFL significantly contributed to the All Share Price Index, but its momentum declined only 12 percent share  appreciation. However , several stock brokers  have complained to the relevant authorities due to its unprecedented price movement, market analysis said .

  The bourse ended in the red as a result of a drop in fundamental shares, wiping out the gains witnessed in the last two trading sessions, while ASPI retreated from the 19-week record high. “Index surged over the first 10 minutes of trading, reaching an intra-day high of 7,956, and thereafter, displayed a continuous downward trend, finally closing at an intraday low level. 

Due to these developments both indices moved downwards. All Share Price Index down by 18.9 points and S and P SL20 down by 28.9 points. Turnover stood at Rs 1,71 billion with a single crossing. The crossing reported in Hayleys, which crossed 380,000 shares to the tune of Rs 28.5 million and its share price traded at Rs 75.

In the retail trade top five companies that mainly contributed to the turnover were Browns Investments Rs 171.8 million (29.3 million shares traded ), Expolanka Rs 136.6 million (2.75 million shares traded), LOLC Rs 130 million (328,000 shares traded), JKH Rs 81.1 million ( 599,000 shares traded) and HNB Rs 80.5 million ( 600,000 shares traded ). 

During the day NIFL share price increased by 12 percent or  Rs 76. Its share price started trading at Rs 618.75 and at the end of the day it shot up to Rs 694.75. During the day selling pressure noted on the banking sector and its share prices dropped.

It said high net worth and institutional investor participation was noted in LOLC Holdings, Hayleys and Expolanka Holdings. Mixed interest was observed in Dipped Products, Royal Ceramics and Alumex, whilst retail interest was noted in Browns Investments and Industrial Asphalts.

During the day  87.1 million share volume changed hands in 23971 transactions. 



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).

JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.

Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.

A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.

Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:

“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”

The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.

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Industry bodies flag gaps in Draft National Electricity Policy

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The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.

Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.

The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.

The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.

Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.

The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.

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