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Notable performances by manufacturing and plantation sector share counters

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By Hiran H.Senewiratne

The manufacturing and plantations sectors performed well in the stock market yesterday while the banking sector witnessed a consolidation after recording a rally for several months, market analysts said.

Amid those developments both indices moved upwards. The All Share Price Index went up by 53.96 points while the S and P SL20 rose by 16.56 points. Turnover stood at approximately Rs 5 billion with nine crossings.

Those crossings were reported in Melstacope where 1.17 million shares crossed to the tune of R 124 million; its shares traded at Rs 106, LOLC 250,000 shares crossed for Rs 116 million; its shares traded at Rs 465, Access Engineering 2.9 million shares crossed for Rs 90 million; its shares traded at Rs 30.90, JKH 3.7 million shares crossed for Rs 77.2 million; its shares traded at Rs 20.90, Commercial Bank 379,000 shares crossed for Rs 48.8 million; its shares sold at Rs 128.75, Sunshine Holdings 500,000 shares crossed to the tune of Rs 39 million; its shares traded at Rs 78, Chevron Lubricants 224,000 shares crossed for Rs 30.2 million; its shares sold at Rs 135, HNB 100,000 shares crossed to the tune of Rs 24 million; its shares sold at Rs 240 and Kelani Cables 51000 shares crossed for Rs 20.3 million; its shares fetched Rs 399.

In the retail market, companies that mainly contributed to the turnover were; HNB Finance Rs 678 million (180 million shares traded), Agarapathana Plantation Rs 290 million (29 million shares traded), Access Engineering Rs 245 million (7.9 million shares traded), Kotagala Plantations Rs 209 million (25.8 million shares traded), Hemas Holdings Rs 196 million (2.1 million shares traded) and Melstacope Rs 175 million (1.65 million shares traded). During the day 374 million share volumes changed hands in 32900 transactions.

It is said that the manufacturing and plantations sector counters were performing well especially Melstacope and JKH in the manufacturing sector, while Agarapathana Plantations in the plantations sector.

Yesterday the rupee was trading relatively flat at Rs 290.30/35 to the US dollar from Rs 290.30/40 to the US dollar the previous day, dealers said, while bond yields were steady.

A bond maturing on 15.12.2026 was quoted at 9.45/50 percent, up from 9.40/50 percent. A bond maturing on 15.12.2027 was quoted at 10.10/20 percent. A bond maturing on 15.02.2028 was quoted at 10.40/50 percent. A bond maturing on 15.09.2029 was quoted at 10.80/90 percent, from 10.82/90 percent.



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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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Rivon Agriglobe introduces ZETOR tractors, Rover e-bikes

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Chief Guest Nalin Welgama (left) lighting the traditional oil lamp at the event

Rivon Agriglobe and Rivon Lanka, affiliated with Celogen Lanka, Assidua Technologies and Kelun Lifesciences, have introduced ZETOR and Agriglobe tractors, the Z-Tukoba power tiller and Rover electric motorcycles to the Sri Lankan market.

The new range was launched at a special event held on September 4 at the Sannasa Hotel in Dambulla, attended by more than 120 dealers from across the country.

The event was graced by Nalin Welgama as Chief Guest, together with Rishi Kumar, Managing Director; WH Roshan, Finance Director; Sadish Kumar, Director; Sumith Nandana, General Manager; Suresh Dhammika, Head of Sales; and Jayasuriya, Operations Manager.

The agricultural machinery range includes the 50-horsepower ZETOR HORTUS 50 and Agriglobe 50 tractors and the Z-Tukoba power tiller, offering what the company described as European-engineered technology for Sri Lankan farmers.

The launch also featured the recognition of Rover E-Bike dealers, highlighting the company’s efforts to expand its island-wide dealer network and promote electric mobility.

The companies said the new models would be available through their growing dealer network across Sri Lanka, providing customers with access to agricultural machinery and electric motorcycles.

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