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Short Selling and Stock Lending to increase market liquidity

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By Hiran H.Senewiratne

The Introduction of a regulated Short Selling and Stock Lending and borrowing system for CSE investors from yesterday will increase market liquidity and improve share transactions, stock market analysts said.

Consequently, both indices moved upwards. The All- Share Price Index went up by 10 points and S and P SL20 rose by 24.68 points. Turnover stood at Rs 789 million with two crossings. Those crossings were reported in JKH, which crossed 401,000 shares to the tune of Rs 77.2 million; its shares traded at Rs 192.50 and Melstacorp 157,000 shares crossed for Rs 37.7 million; its shares traded at Rs 82.50.

In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 312 million (1.6 million shares traded), Melstacorp Rs 34.4 million (417,000 shares traded), Lion Brewery Rs 32 million (35000 shares traded), Lanka IOC Rs 23 million (204,000 shares traded), Capital Alliance Rs 18.8 million (319,000 shares traded), Sampath Bank Rs 16.8 million (255,000 shares traded) and Ceylon Grain Elevators Rs 16.6 million (900,000 shares traded). During the day 15 million share volumes changed hands in 6000 transactions.

It’s said that shares of Melstacorp, HNB, LOLC, Commercial Bank, and CCS were trading up. Diversified Melstacorp and its subsidiary Distilleries Company of Sri Lanka had both announced dividends last week. Expolanka, National Development Bank, Asian Hotels and Properties, Laughs and Kelani Tyres were trading down.

Yesterday the rupee opened weaker at Rs 329.50/330.25 to the US dollar, from 329.00/75 on Friday, dealers said.

Bond yields were up. Bonds maturing on 01.06.2026 and 01.08.2026 were quoted up at 14.90/15.10 percent from 14.85/15.00 percent. A bond maturing on 15.09.2027 was quoted at 14.95/15.10 percent from 14.90/15.10 percent. A bond maturing on 01.07.2028 was quoted at 14.90/15.05 percent from 14.85/95 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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Rivon Agriglobe introduces ZETOR tractors, Rover e-bikes

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Chief Guest Nalin Welgama (left) lighting the traditional oil lamp at the event

Rivon Agriglobe and Rivon Lanka, affiliated with Celogen Lanka, Assidua Technologies and Kelun Lifesciences, have introduced ZETOR and Agriglobe tractors, the Z-Tukoba power tiller and Rover electric motorcycles to the Sri Lankan market.

The new range was launched at a special event held on September 4 at the Sannasa Hotel in Dambulla, attended by more than 120 dealers from across the country.

The event was graced by Nalin Welgama as Chief Guest, together with Rishi Kumar, Managing Director; WH Roshan, Finance Director; Sadish Kumar, Director; Sumith Nandana, General Manager; Suresh Dhammika, Head of Sales; and Jayasuriya, Operations Manager.

The agricultural machinery range includes the 50-horsepower ZETOR HORTUS 50 and Agriglobe 50 tractors and the Z-Tukoba power tiller, offering what the company described as European-engineered technology for Sri Lankan farmers.

The launch also featured the recognition of Rover E-Bike dealers, highlighting the company’s efforts to expand its island-wide dealer network and promote electric mobility.

The companies said the new models would be available through their growing dealer network across Sri Lanka, providing customers with access to agricultural machinery and electric motorcycles.

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