Business
Transfer of JKH’s 61.9 million stocks boosts CSE turnover past Rs. 12 billion mark
By Hiran H. Senewiratne
The stock market yesterday surpassed Rs 12 billion in turnover with a great degree of retail and institutional participation. A main feature of the trading was the transferring of 61.9 million stocks in JKH, amounting to Rs 11.3 billion, market analysts said.
JKH’s transaction was equal to the company’s last/ December quarterly statement figure, which boosted the entire market performance, analysts added.
Further, market speculation that Treasury Bill yields decreased, created a bullish market sentiment for Primary dealer entities listed in the CSE. This has created a significant price appreciation, market analysts said. Capital Alliance PLC shares closed up at 48.10, and First Capital Treasuries PLC closed up 26.00. Contributors to ASPI included Richard Pieris and Company PLC (up at 21.30), Commercial Bank of Ceylon PLC (up at 89.00) and Royal Ceramics Lanka PLC (up at 29.00).
Amid those developments both indices slightly moved up. All Share Price Index went up by 2.59 points while S and P SL20 rose by 6.7 points. Turnover stood at Rs 12.2 billion with four crossings. Those crossings were reported in JKH, which crossed 62 million shares to the tune of Rs 11.3 billion; its shares traded at Rs 183, LB Finance 1 million shares crossed for Rs 61 million; its shares traded at Rs 61, Sampath Bank 300,000 shares crossed for Rs 21.6 million; its shares traded at Rs 71.90 and NDB 315,000 shares crossed to the tune of Rs 20 million; its shares sold at Rs 63.50.
In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 201.7 million (1.1 million shares traded), Sampath Bank Rs 63.8 million (887,000 shares traded), Capital Alliance Rs 49.5 million (1 million shares traded), First Capital Holdings Rs 48.5 million (1.6 million shares traded), Expolanka Holdings Rs 24.7 million (191,000 shares traded), Royal Ceramic Rs 24.2 million (836,000 shares traded) and Union Assurance Rs 23.7 million (571,000 shares traded). During the day 90.1million share volumes changed hands in 8000 transactions.
It is said high net worth and institutional investor participation was noted in JKH, Commercial Bank, Hela Apparel Holdings. Mixed interest was observed in Sampath Bank, Expolanka Holdings and Royal Ceramics, while retail interest was noted in Browns Investments, Lanka Milk Foods and Lanka Credit and Business Finance.
The Capital Goods sector was the top contributor to the market turnover (due to JKH), while the sector index gained 1.78 percent. The share price of JKH increased by Rs. 4 to Rs. 182.25.
The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank and Commercial Bank), while the sector index increased by 1.17%. The share price of Sampath Bank gained Rs. 1.10 to Rs. 72. The share price of Commercial Bank declined by 30 cents to dip to Rs. 87.70.
Yesterday the buying rate of the dollar was Rs 308.56 and selling rate Rs 318.68.
Business
Lassana.com opens latest outlet at Cinnamon Grand Colombo
Lassana.com, Sri Lanka’s leading floral and gifting brand, officially unveiled its newest flower shop at Cinnamon Grand Colombo recently. The move strengthens the brand’s presence in Colombo’s hospitality and lifestyle sector, offering customers convenient access to premium floral gifting and floral wedding experiences.
The new shop was ceremonially declared open by the Chief Guest Sanath Manatunge – CEO of Commercial Bank of Ceylon, together with the Guest of Honour, Lassana.com Brand Ambassador and former Miss Sri Lanka World Anudi Gunasekera. Dr. Lasantha Malavige – Chairman & Managing Director, Piet De Jong – Head of Flower Division, both of Lassana Group of Companies, Nazoomi Azhar – General Manager of Cinnamon Grand Colombo, Yoosuf Sirajudeen – Manager-Luxury Weddings at Lassana Flora Weddings, together with a large gathering of distinguished guests and well-wishers were also present at the occasion.
The new Lassana.com outlet has been designed to offer a carefully-curated selection of fresh flowers, floral arrangements and gifting solutions, providing hotel guests, corporate clients, residents, and visitors with convenient access to high-quality floral gifting in the heart of the city. Located in the lobby of one of Colombo’s most iconic hospitality destinations, the new flower shop combines elegance, convenience, and the trusted quality that customers have come to associate with the Lassana.com brand. The outlet will also serve as a showcase for the company’s floral artistry and wedding expertise.
Business
Asiri Central Hospital’s Kidney Transplant Centre records 200 successful transplants
Kidney transplantation at Asiri Health’s Asiri Central Hospital is setting a strong benchmark in advanced renal care in Sri Lanka, offering patients with chronic kidney disease and end-stage renal failure access to highly specialised, safe and comprehensive transplant treatment locally. With more than 200 successful kidney transplant surgeries completed and a success rate exceeding 98%, the hospital’s Kidney Transplant Centre has earned the confidence of both patients and the fraternity through consistently strong clinical outcomes, experienced specialist care and advanced transplant infrastructure.
A key strength of the programme lies in its dedicated transplant unit, developed specifically to support complex renal transplant procedures within a highly controlled environment aligned with international standards of safety, infection prevention and post-operative care. Supported by modern technology and advanced clinical protocols, the centre has become a trusted referral destination for patients requiring specialised kidney transplant treatment. Medical experts at the hospital also stress the importance of early intervention and specialist consultation, particularly for patients with chronic kidney disease, diabetes, hypertension and other conditions that may lead to kidney failure.
Recognised for its multidisciplinary approach and carefully coordinated treatment pathways, the programme brings together consultant nephrologists, transplant surgeons, vascular surgeons, specialised nursing teams and clinical support staff who work collaboratively throughout every stage of the patient journey. From pre-transplant evaluations and donor matching to surgery, recovery and long-term follow-up care, the focus remains on delivering personalised treatment with the highest standards of patient safety and clinical oversight.
Commenting further, Dr. Manjula Karunaratne, Advisor to Chairman & Medical Consultant, Asiri Health, stated: “Our Kidney Transplant Centre has been built on a foundation of clinical expertise and patient-centred care.
Business
Mastercard announces leadership changes to accelerate growth across five key markets in South Asia
Mastercard has announced significant leadership appointments aimed at strengthening South Asia operations, by creating a more integrated model for Sri Lanka, Maldives, Bangladesh, Nepal, and Bhutan.The growing synergies within these countries, especially with regard to the focus on tourism and cross-border trade and payments innovation, makes this integration crucial in scaling the operations and underscores the company’s commitment to unlocking shared growth opportunities across these markets.
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