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Profit-taking in LOLC Group as banking sector performs okay

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By Hiran H.Senewiratne 

The CSE witnessed mixed reactions yesterday following two extreme heated sessions last Friday and Monday but  could not maintain its momentum as profit takings took place across the board, specially in the LOLC Group of companies. However, the banking sector performed well yesterday, stock market analysts said. 

The All Share Price Index went down by 113.69 points and S and P SL20 rose by 55.73 points. Those companies which affected the All Share Price Index were LOLC, whose shares started trading at Rs. 265.25 and at the end of the day they moved down to Rs. 230. Its share price went down by Rs. 35.25 or 13 percent.

Expolanka shares started trading at Rs. 53.80 and at the end of the day they moved down to Rs. 50, which was a Rs. 3.80 or 7 percent fall, Browns Investments (LOLC Group)  started trading at Rs. 7.30 and at the end of the day it moved down to Rs. 6.90, which was a 40 cents or 5.5 percent price fall, LOLC Finance (LOCL Group) shares started trading at Rs. 9.40 and at the end of the day they moved down to Rs. 7.80, which was a Rs. 1.50 or 19 percent fall. Commercial Leasing shares started trading at Rs. 10.60 and at the end of the day they moved down to Rs.9, which was a Rs. 1.90 or 19 percent decline.

 Amid of those developments banking sector counters,  especially Commercial Bank, Sampath Bank, HNB and Pan Asia Bank performed well and their shares also appreciated significantly during the day. Commercial Bank  share prices started at Rs. 88.70 and at the end of the day they moved up to Rs. 96.20.Its price appreciated by Rs. 6.30 or seven percent. Sampath Bank shares started trading at Rs. 146.75 and at the end of the day moved up to Rs. 162, which was a Rs. 12.25 or eight percent price appreciation, HNB shares started trading at Rs. 132.50 and at the end of the day they moved up to Rs. 139, which was a Rs. 4.50 or 3.4 percent price appreciation and Pan Asia Bank shares started trading at Rs. 15 and at the end of the day they moved to Rs. 18.69, which was a Rs. 3.60 or 24 percent price appreciation.

Yesterday the turnover stood at Rs. 11.4 billion with  six crossings. Those crossings were reported in  Commercial Bank, which crossed two million shares to the tune of Rs. 180 million and its share traded at Rs. 90, HNB, 950,000 shares crossed for Rs. 125.5 million, its shares traded at Rs. 129, Dialog 5.8 million shares crossed for Rs. 73 million its share traded at Rs. 12.60, JKH 400,000 shares crossed for Rs. 64.8 million, its shares traded at Rs. 162, Central Finance 500,000 shares crossed for Rs. 44 million, its shares traded at Rs. 88 and Renuka Capital 2.5 million shares crossed for Rs. 20.5 million, its shares traded at Rs. 8.20.

Further in the retail market top six contributors to the turnover were; Browns Investments Rs. 1.47 billion (210 million shares traded), Access Engineering Rs. 1.04 billion (32.2 million shares traded), Expolanka Rs. 991 million (19.4 million shares traded),  LOLC Holdings Rs. 574 million (2.3 million shares traded), HNB Rs. 561 million (4.1 million shares traded) and JKH Rs. 541 million (3.4 million shares traded). During the day 690 million share volumes changed hands in  63438 transactions. 

Sri Lanka’s rupee was quoted around 194.50/196.00 in the spot-next market on Tuesday while bond yields eased, dealers said. Rupee last closed around 194.50/195.00 in the spot-next market on Monday against the greenback.



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Sri Lanka betting its tourism future on cold, hard numbers

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“From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility holds its panel discussion

National Airport Exit Survey tells quite a story

Australia’s role here is strategic, not charitable

In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.

The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.

Tourists have a real sense of achievement after hiking the trail to Ella Rock

The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”

Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.

“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.

“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.

By Sanath Nanayakkare

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New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda

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New Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola

In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.

Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.

“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.

To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:

Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.

Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.

Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.

Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.

Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.

By Sanath Nanayakkare

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Brandix recognised as Green Brand of Year at SLIM Awards 2025

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Brandix has championed best practices in the sphere of sustainable manufacturing over the years

Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.

The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.

A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.

Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”

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