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Political uncertainty continues to cast pall of gloom on bourse

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By Hiran H.Senewiratne

The stock market yesterday kicked off on a positive note but in the middle of the session, selling pressure was noted due to political uncertainty and delays in the external debt restructuring exercise, market analysts said.Both indices moved upwards. The All Share Price Index went up by 49.05 points while S and P SL20 rose by 10.35 points.

Turnover stood at Rs 1.16 billion with four crossings. Those crossings were reported in Melstacope, which crossed 841,000 shares to the tune of Rs 74 million; its shares traded at Rs 88, NTB 500,000 shares crossed for Rs 60 million; its shares traded at Rs 120, NDB 300,000 shares crossed for Rs 23.4 million; its shares traded at Rs 78 and TJLanka 565,000 shares crossed for Rs 22 million; its shares sold at Rs 39.

In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 107 million (517,000 shares traded), Browns Investments Rs 92.3 million (15.2 million shares traded), LOLC Holdings Rs 52.9 million (115,000 shares traded), LOLC Finance Rs 40.9 million (6.4 million shares traded), Hela Apparel Rs 33.5 million (5.1 million shares traded), ACL Cables Rs 30.7 million (363,000 shares traded) and Dipped Products Rs 30.6 million (901,000 shares traded). During the day 58.1 million share volumes changed hands in 10500 transactions.

Yesterday, the rupee opened somewhat stable at Rs 301.75/80 to the US dollar, from Rs 301.85/90 the previous day, dealers said. Bond yields were steady. A bond maturing on 15.12.2026 was quoted stable at 9.70/80 percent. A bond maturing on 15.09.2027 was quoted down at 10.35/50 percent from 10.40/55 percent. A bond maturing on 01.07.2028 was quoted stable at 10.70/80 percent. A bond maturing on 15.05.2030 was quoted at 11.55/75 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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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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