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US Federal Reserve decision seen as impacting local stocks

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The CSE was indirectly impacted yesterday following an interest rate amendment by the US Federal Reserve Bank, resulting in both CSE indices reflecting mixed market reactions, analysts said.The All Share Price Index went up by 49.11 points while the S and P SL20 declined by 10.59 points.

Turnover stood at Rs 7.75 billion with 20 crossings. Top seven crossings were: Amana Takaful 44.5 million shares crossed to the tune of Rs 1.2 billion; its shares traded at Rs 29, JKH 19.5 million shares crossed for Rs 401 million; its shares traded at Rs 20.50, Singer Sri Lanka 3.7 million shares crossed to the tune of Rs 348 million; its shares traded at Rs 95, Colombo Dockyards 697,000 shares crossed for Rs 221 million, its shares traded at Rs 30, Haylays 811,000 shares crossed for Rs 158 million; its shares sold at Rs 194.50, Digital Mobility Solutions 934,000 shares crossed for Rs 140 million; its shares sold at Rs 150 and Cargo Boats Development 725,000 shares crossed for Rs 123 million; its shares fetched Rs 170.

In the retail market, the top seven companies that mainly contributed to the turnover were; JKH Rs 371 million (7.9 million shares traded), Colombo Dockyards Rs 346 million (one million shares traded), Digital Mobility Solutions Rs 294 million (1.9 million shares traded), Sierra Cables Rs 228 million (6.8 million shares traded), Amana Takaful Rs 209 million (seven million shares traded), JAT Holdings Rs 120 million (2.3 million shares traded) and Lanka Realty Investments Rs 115 million (three million shares traded). During the day 223 million shares volumes changed hands in 35800 transactions.

It is said that the banking and finance sector led the market; especially Amana Takaful, while the manufacturing sector, especially JKH and Hayleys, performed a pivotal role.

Yesterday the rupee opened around Rs 304.45/55 to the US dollar in the spot market; at around the same level a day earlier at closing time, while bond yields were flat after a fall.The rupee has fallen from Rs 302.55/60 to the US dollar from the beginning of the month.

By Hiran H Senewiratne ✍️



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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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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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