Business
Rate reduction by Central Bank exerts rejuvenating impact on CSE
By Hiran H.Senewiratne
The stock market yesterday was extremely bullish on account of the Central Bank decision to reduce the Standing Deposit Facility Rate and the Standing Lending Facility Rate by 50 basis points. It was a major surprise for stock market investors.
Further, Central Bank Governor Dr Nandalal Weerasinghe’s positive comments on the national economy and its way forward lifted the spirits of local and foreign investors, market analysts said.
Amid those developments both indices moved upwards. The All Share Price Index went up by 100.7 points while S and P SL20 rose by 57.21 points. Turnover stood at Rs 2.4 billion with four crossings. Those crossings were reported in Sampath Bank, which crossed 5 million shares to the tune of Rs 390 million; its shares traded at Rs 78, LOLC 200,000 shares crossed for Rs 79.25 million; its shares traded at Rs 405, Hayleys 650,000 shares crossed for Rs 53.3 million; its shares traded at Rs 82 and Hayleys Fabrics 590,000 shares crossed for Rs 23.9 million and its shares sold at Rs 40.50.
In the retail market top seven companies that mainly contributed to the turnover were; Sampath Bank Rs 314 milllion (4 million shares traded), DFCC Bank Rs 280 million (3.9 million shares traded), HNB Rs 121 million (706,000 shares traded), Browns Investments Rs 69.1 million (12.7 million shares traded), LOLC Finance Rs 49.9 million (9 million shares traded), LOLC Holdings Rs 46.9 million (117,000 shares traded) and Ceylon Grain Elevators Rs 41.65 million (248,000 shares traded). During the day 80.7 million share volumes changed hands in 14200 transactions.
It is said that high net worth and institutional investor participation was noted in Sampath Bank, LOLC Group of companies and Hayelys. Mixed interest was observed in Sampath Bank and LOLC Holdings while retail interest was noted in Tess Agro, Industrial Asphalts and Browns Investments.
The Banking sector was the top contributor to the market turnover (due to Sanasa Development Bank and Nations Trust Bank) while the sector index gained 0.20%. The share price of Sanasa Development Bank decreased by 40 cents to descend to Rs. 30.60. The share price of Nations Trust Bank closed flat at Rs. 104.50.
The Capital Goods sector was the second highest contributor to the market turnover (due to Hayleys), whilst the sector index edged down. The share price of JKH recorded a gain of 50 cents to reach Rs. 190.50. The share price of ACL Cables appreciated by 50 cents to reach Rs. 83.90.
Yesterday, the rupee opened stronger at Rs 301.90/302.00 to the US dollar in the spot forex market, stronger from Rs 302.60/70 the previous day, dealers said.
Bond yields were down. A bond maturing on 15.12.2026 was quoted at 11.25/32 percent, down from 11.30/40 percent on Monday. A bond maturing on 15.12.2028 was quoted at 12.05/15 percent, down from 12.10/15 percent.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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