Business
Nine crossings lend sparkle to share market; indices at their highest over past 52 trading weeks
By Hiran H.Senewiratne
Stock trading began on a negative note yesterday due to profit takings. Subsequently though, it turned extremely bullish due to positive and market- friendly speculation on the external debt restructuring exercise. This scenario positively impacted the local banking sector, which performed well on the trading floor from the beginning of the session until the end, as in the case of the previous day, market analysts said.
Both indices moved up to their highest levels after 52 trading weeks. Moreover, 148 countries’ share prices increased while only 67 counters moved downwards during the day.The All Share Price Index went up by 115.96 points while S and P SL20 rose by 53.02 points. Turnover stood at Rs 2.9 billion with nine crossings.
Those crossings were reported in Sampath Bank, which crossed 1 million shares to the tune of Rs 85.6 million; its shares traded at Rs 78.50, HNB 390,000 shares crossed for Rs 76.3 million; its shares traded at Rs 197, Lankem Development 4.5 million shares crossed for Rs 76.5 million; its shares traded at Rs 17, Sierra Cables 6.6 million shares crossed to the tune of Rs 72.6 million; its shares sold at Rs 11, Commercial Bank 500,000 shares crossed for Rs 52.5 million and its shares traded at Rs 105, LOLC Holdings 100,000 shares crossed for Rs 40 million; its share fetched Rs 400, Central Finance 287,000 shares crossed for Rs 31.9 million, its shares traded at Rs 111 , NDB 314,000 shares crossed to the tune of Rs 22.9 million; its shares fetched Rs 73and JKH 101,000 shares crossed to the tune of Rs 20.1 million, its shares traded at Rs 199.
In the retail market top five companies that mainly contributed to the turnover were; HNB Rs 578 million (2.8 million shares traded), Commercial Bank Rs 272 million (2.6 million shares traded), Pan Asian Bank Rs 108.6 million (4.8 million shares traded), Sampath Bank Rs 107.3 million (1.4 million shares traded) and Lanka IOC Rs 73.8 million (608,000 shares traded). During the day 83.1 million share volumes changed hands in 16000 transactions.
Yesterday, the rupee opened at Rs 299.35/55 to the US dollar in the spot forex market, stronger from 299.70/80 on the previous day, dealers said, while bond yields were steady. A bond maturing on 15.12.2026 was quoted stable at 11.35/45 percent. A bond maturing on 15.09.2027 was quoted at 11.90/12.00 percent from 11.95/12.00 percent. A bond maturing on 15.12.2028 was quoted stable at 12.15/25 percent.
Business
Mattala Wildlife Unit to boost revenue, tourism and investor confidence
The launch of a dedicated wildlife unit at Mattala Rajapaksa International Airport is expected to deliver significant economic benefits by improving aviation safety, strengthening eco-tourism and enhancing Sri Lanka’s investment appeal, Wildlife Conservation Department Director General Ranjan Marasinghe said.
Speaking at the signing of a Memorandum of Understanding between the Department of Wildlife Conservation and Airport and Aviation Services (Sri Lanka) Limited, Marasinghe said the initiative links conservation directly with national development and revenue generation.
“This is more than an administrative step—it is a forward-looking initiative that aligns conservation, aviation safety and national development in a single strategic effort,” he said.
He noted that wildlife management at airports is globally recognised as essential for reducing bird strikes and wildlife-related disruptions, which can lead to costly repairs, delays and operational losses.
By proactively managing such risks, the Mattala Wildlife Unit is expected to lower potential costs for airlines and airport operators while improving efficiency and confidence among carriers considering future operations.
Marasinghe said the airport’s proximity to premier tourism destinations such as Yala National Park and Udawalawe National Park, together with marine tourism opportunities including Blue Whale watching, gives Mattala a strong commercial advantage.
“This convergence of aviation and wildlife tourism creates an extraordinary opportunity,” he said, adding that the airport has the potential to become a major gateway for high-value eco-tourism.
Industry observers note that wildlife tourists generally spend more on guided safaris, hotels, transport and local experiences, generating stronger foreign exchange earnings and employment opportunities for surrounding communities.
Marasinghe said integrating environmental standards into airport operations would also improve Sri Lanka’s global image at a time when investors and international travellers increasingly value sustainability.
“By integrating environmental considerations into airport operations, we position Sri Lanka more favourably on the global stage, demonstrating that we are a nation committed to sustainability, responsibility and innovation,” he said.
He expressed hope that the Mattala model would be replicated at other international airports, creating long-term savings, stronger environmental governance and wider economic returns.
The Director General said the Department of Wildlife Conservation remains committed to supporting the national economy through new and meaningful avenues while protecting Sri Lanka’s natural assets.
“Conservation must also contribute to development,” he said, stressing that protecting biodiversity and generating growth can go hand in hand.
By Ifham Nizam
Business
Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry
Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC). The graduates were awarded their NVQ Level 3 certifications, marking a significant milestone in their professional journey within Sri Lanka’s vertical transportation industry.
The certification programme was developed in partnership with the National Apprentice and Industrial Training Authority (NAITA) and the Ministry of Vocational Training & Skills Development, ensuring trainees received industry-recognised qualifications, alongside strong practical competencies. The ceremony was attended by directors of both Aitken Spence and CINEC Campus, as well as staff members, lecturers, and invited guests of the graduating students
Anuka Prashan Pieris was recognised as the Most Outstanding Student of the batch in appreciation of his exceptional performance and commitment throughout the programme. The Elevator Training Centre plays a vital role in addressing the growing demand for skilled elevator service technicians through structured training and hands-on learning. The facility features Sri Lanka’s first Elevator Training Tower, offering trainees practical exposure aligned with both local and international standards.
All graduates of the current batch have already commenced their careers as technicians and supervisors at Aitken Spence Elevators. Their seamless transition into the workforce reflects the programme’s strong emphasis on developing job-ready professionals capable of contributing effectively from day one.
Business
Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026
COLOMBO, SRI LANKA– Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s dedication to excellence, innovation, and superior quality in the Sri Lankan construction industry.
The award was presented during a grand ceremony held at the esteemed Nelum Pokuna Theatre, a key event in the nation’s architectural and construction calendar. The SLIA Annual Product Awards are widely regarded as a benchmark for quality and design excellence, with products rigorously evaluated by a panel of distinguished architects and industry experts. Receiving this Merit Award positions Sterling Steels among the top-tier suppliers of building materials in the country.
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