Connect with us

Business

Online discussion on tariffs slightly invigorates stock market

Published

on

Stock market activities improved slightly yesterday with the announcement of the government’s intention to hold an online discussion with the US Trade Representative, to try and reduce the tariffs proposed by the United States, the Ministry of Finance said. ‘This gave an impetus to the market and it recorded significant retail and institutional participation in the market, a top analyst said.

The discussion was attended by the Secretary to the Ministry of Finance, Dr Harshana Suriyapperuma, and relevant government officials, “to promote trade and investment relations between the two countries.”

Amid those developments both indices moved upwards. The All Share Price Index went up by 96.9 points, while S and P SL20 went up by 21.5 points. Turnover stood at 7.6 billion with a number of crossings. The top crossings reported were; JKH , where 76 million shares crossed to the tune of Rs 910 million; its shares traded at Rs 21.50, Dialog 22 million shares crossed to the tune of Rs 417 million; its shares traded at Rs 19.10.

HNB 650,000 shares crossed for Rs 232 million; its shares sold at Rs 357, Aitken Spence 1.6 million shares crossed to the tune of Rs 226 million and its shares traded at Rs 142.50, CT Holdings 284,000 shares crossed to the tune of Rs 168 million; its shares traded at Rs 591, Seylan Bank (Non- Voting) 2.4 million share volumes crossed for Rs160 million; its shares traded at Rs 66, Dipped Products two million shares crossed to the tune of Rs 122 million; its shares traded at Rs 61, Tokyo Cement (Non- Voting) 1.1 million share volumes crossed for Rs 79 million; its shares traded at Rs 72, Overseas Realty 1.8 million shares crossed for Rs 58.1 million; its shares traded at Rs 32 and Central Finance 200,000 shares crossed to the tune of Rs 54 million; its shares traded at Rs 270.

In the retail market top six companies that mainly contributed to the turnover were; JKH Rs 275 million (11 million shares traded), Capital Alliance Holdings Rs 266 million (15.6 million shares traded), Access Engineering Rs 218 million (3.5 million shares traded), Hela Clothing RS 175 million (47 million shares traded), Ceylinco Insurance (Non- Voting) Rs 175 million (118,000 shares traded) and Commercial Bank Rs 135 million (793,000 shares traded). During the day 350 million share volumes changed hands in 37700 transactions. It is said that the manufacturing sector led the market, specifically JKH, while the banking and financial sector also made a significant contribution to the market, especially HNB.

Yesterday the rupee opened at Rs 301.45/55 to the US dollar in the spot market, up from Rs 301.58/70 to the dollar, a day earlier, while bond yields were flat, dealers said.

The 2029 tenor edged down slightly, dealers said, while the others opened broadly steady from the previous close. A bond maturing on 15.12.2026 was quoted unchanged at 8.10/20 percent. A bond maturing on 15.09.2027 was quoted unchanged at 8.45/50 percent. A bond maturing on 15.12.2028 was quoted at 8.97/9.02 percent, from 8.95/9.00 percent. A bond maturing on 15.10.2029 was quoted at 9.46/48 percent. A bond maturing on 15.12.2032 was quoted at 10.40/50 percent, from 10.40/45 percent. A bond maturing on 01.06.2033 was quoted at 10.70/75 percent.

By Hiran H.Senewiratne ✍️



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

APHNH aims to make Sri Lanka more competitive for healthcare investment

Published

on

Deputy Minister of Health and Mass Media, Dr. Hansaka Wijemuni addresses the audience

Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.

The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.

The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.

A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.

“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “

The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.

By Sanath Nanayakkare

Continue Reading

Business

Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students

Published

on

Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.

The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.

Continue Reading

Business

John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations

Published

on

Representing JKLL: Lasitha Manchanayake: CEO, Dilum Liyanage: Snr. Manager - Transport Operations, Kavinda Jayasinghe: Manager - Operations and Randi Peiris: Asst. Manager - Commercial. Representing the John Keells Group: Zafir Hashim: President - Transportation, Plantations and IT Sectors and Asha Perera: CFO. Representing CWIT: Munish Kanwar: CEO, Iresh Siriwardena: COO, Devanshu Bhatia: Head of Techno Commercial, Madhuranga Wijesekara: In Charge - GATE Process, Sandun Niroshan: Duty Manager.

John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.

Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.

The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.

The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.

Continue Reading

Trending