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Share depreciations in some LOLC Group companies

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By Hiran H.Senewiratne

The CSE yesterday survived a choppy day of sentiments to close marginally on the up by 0.5 per cent amid healthy turnover. At the beginning stock market activities were positive, however, during the middle of the day price depreciation was witnessed in LOLC Group counters, especially Commercial Leasing and Finance and LOLC Finance, stock market analysts said.

Amid those developments mixed reactions were witnessed in both indices. All Share Price Index went down by 67.10 points and S and P SL20 rose by 1.73 points. Turnover was Rs.5. 6 billion though the volume of shares traded was a high 617 million with a single crossing. The crossing was reported in Kotagala Plantations, which crossed 15.5 million shares to the tune of Rs 121.6 million and its shares traded at Rs 7.80. It is said that Lanka IOC shares appreciated by 15 per cent or Rs 5.40.

In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs one billion (3.5 million shares traded), Browns Investments Rs 591 million (41.2 million shares traded), SMB Leasing Rs 369 million (241 million shares traded), Lanka IOC Rs 340 million (8.7 million shares traded), LOLC Finance Rs 224 million (10.4 million shares traded). JKH Rs 162 million (1.1 million shares traded) and Commercial Leasing and Finance Rs 148 million (4.9 million shares traded).

During the day Commercial Leasing and Finance contributed the highest negative points to the All- Share Price Index, which amounts to 45.7 points and LOLC Finance contributed 34.12 negative points to the All- Share Price Index. These two index heavy companies dragged the All- Share Price Index to negative territory. 617 million share volumes changed hands in 43000 transactions. Capital Alliance IPO was oversubscribed 8.5 times.

Yesterday the US dollar rate quoted in the market was Rs 202.36, which was the Central Bank controlled price and its actual rate was touching Rs 250. This forced suppression of the dollar would create fiscal issues in the future, market sources said.



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Business

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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SLT-MOBITEL Enterprise launches Premium Cloud

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Riyaaz Rasheed, CEO, SLT-MOBITEL, and Faiz Shakir, VP Sales – Nutanix, Southern Asia, unveil SLT-MOBITEL Enterprise Premium Cloud Powered by Nutanix to support enterprise digital transformation

SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.

The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.

The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.

Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.

SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.

A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.

Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.

The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.

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