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Vibrancy in banking and financial sector counters elevating fortunes of bourse

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By Hiran H.Senewiratne

The stock market yesterday too continued on its bullish trend indicating that banking and financial sector counters are performing well. This is so because after the external debt restructuring process is concluded in November, the government could issue new sovereign bonds, replacing the previous/existing default bonds, thereby benefiting the local banking sector, market analysts said.

Following the conclusion of the external debt restructuring process in November, the local banking and financial sector is likely to get better options than other foreign banks in the sovereign bond issue exercise, thus resulting in attracting both, local and foreign investors, to those stocks, analysts said.

Amid those developments both indices moved upwards. The All Share Price Index went up by 135.5 points, while the S and P SL20 rose by 68.8 points. Turnover stood at Rs 3.96 billion with seven crossings.

HNB crossed 436,000 shares to the tune of Rs 96.7 million, its shares traded at Rs 222, Commercial Bank 680,000 shares crossed for Rs 78.1 million; its shares traded at Rs 115.50, LB Finance 1 million shares crossed to the tune of Rs 74 million; its shares traded at Rs 74, Sampath Bank 750,000 shares crossed for Rs 65 million; its shares traded at Rs 87, CIC Holdings (Non Voting) 892,000 shares crossed for Rs 53.5 million; it’s shares sold at Rs 60, Seylan Bank 965,000 shares crossed for Rs 51 million; its shares traded at Rs 52.80, Sunshine Holdings 500,000 shares crossed for Rs 33.5 million and its shares traded at Rs 67 and ACL Cables 246,000 shares crossed for Rs 22.5 million; its shares sold at Rs 91.50.

In the retail market top seven companies that mainly contributed to the turnover were; HNB Rs 295 million (1.3 million shares traded), Sampath Bank Rs 246 million (2.8 million shares traded), Lanka IOC Rs 232 million (2 million shares traded), CIC Rs 181 million (2.2 million shares traded), Commercial Bank Rs 177 million (1.5 million shares traded), NDB Rs 176 million (2.1 million shares traded) and Lankem Development Rs 112 million (5.2 million shares traded). During the day 115 million share volumes changed hands in 22852 transactions.

It is said that the banking and financial sector was the main contributor to the turnover, while the manufacturing sector became the second largest contributor to the market.

Yesterday the rupee depreciated slightly to open at Rs 293.70/75 to the US dollar from Rs 293.60/70 a day earlier, while bond yields were broadly steady, dealers said.

A bond maturing on 15.12.2026 was quoted at 10.60/80 percent, up from 10.55/75 percent. A bond maturing on 15.12.2027 was quoted stable at 11.45/50 percent. A bond maturing on 15.03.2028 was quoted at 11.70/75 percent, up from 11.65/75 percent. A bond maturing on 15.09.2029 was quoted at 11.95/12.05 percent, down from 11.95/12.10 percent.



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Cross-border supply chains seen as key to new business opportunities

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Dignitaries at the launching of the new dhal processing factory.

By Ifham Nizam

Australian High Commissioner to Sri Lanka Matthew Duckworth described Omega Traders’ latest investment in a modern dhal-processing facility as a strong example of how cross-border supply chains can translate into productive investment, local value addition and new business opportunities in Sri Lanka.

The investment, which adds a 150-metric-tonne-per-eight-hour-day processing capacity to Omega Traders’ operations, marks a significant expansion of the company’s manufacturing footprint as it celebrates 45 years in Sri Lanka’s food commodity industry.

Speaking at the inauguration of the new Lentil and Orid Dhal Processing Factory in Wattala, last Friday, H.C. Duckworth said the facility represented more than an increase in production capacity, pointing to the wider economic value created when Australian agricultural production is connected with Sri Lankan processing and distribution.

‘This facility is not operating on its own. It is part of a long supply chain and a trade partnership between Sri Lanka and Australia, Duckworth said.

His comments placed the Omega Traders’ investment within a broader commercial context: Australia brings agricultural production and established export capabilities, while Sri Lanka provides processing capacity, labour, market access and opportunities for further value addition.

The investment comes as Sri Lanka continues to look towards greater domestic processing and value-added manufacturing rather than relying solely on the import and distribution of finished commodities.

Dr. (Mrs.) Siddhika G. Senaratne, Director General/CEO of the Sri Lanka Standards Institution (SLSI), who attended the inauguration as Guest of Honour, highlighted the importance of quality assurance in food processing and the role of standards in maintaining confidence across the supply chain.

The facility is equipped with new-generation cleaning, processing, sorting and quality-control machinery, including advanced colour-sorting technology, automated systems and an in-house quality-control laboratory.

The additional capacity will support Omega Traders’ three principal Mysoor Dhal brands — Rainbow Jumbo Dhal, Komas Dhal and Rozanna Dhal — which serve different segments of the Sri Lankan market.

But the investment also has a distinctly local agricultural dimension.

Through its Orid Dhal operation, Omega Traders plans to source locally grown black matpe from Sri Lankan farmers and process it at the new facility.

That creates a domestic value chain linking farmers to industrial processing and consumers, while potentially increasing demand for locally produced agricultural commodities.

Duckworth said this type of business partnership could generate benefits for both countries.

‘Australia produces some of the world’s best agricultural products and we are very efficient and very capable at trading them. But that alone is not going to bring success to Australia. Just as building a factory like this is not going to bring success to Sri Lanka, he said.

‘It’s when we bring these entities together that our products produced in Australia can be processed in excellence here in Sri Lanka that enables this to be a success, the H.C. explained.

The investment therefore combines two complementary supply streams: imported agricultural commodities, including Australian-origin products, and locally produced black matpe for the Orid Dhal operation.

For Sri Lanka, the business significance extends beyond Omega Traders itself. Increased processing capacity creates demand for logistics, packaging, distribution, services and agricultural inputs, while supporting employment within the food-processing ecosystem.

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Ideal Motors makes history with multiple workplace excellence accolades

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Representatives from Ideal Motors (Pvt) Ltd receive top organizational culture and workplace accolades at the Great Place to Work® 2026 awards ceremony.

HR-led transformation places people, culture and business performance at the heart of the organisation

Ideal Motors (Pvt) Ltd,has achieved a significant milestone by securing multiple prestigious workplace and organisational culture accolades in 2026, reinforcing its position as an employer of choice in Sri Lanka’s automotive sector.

Among its latest achievements, Ideal Motors has been recognised as one of the 20 Great Workplaces for Young Talent in Sri Lanka 2026, ranked No. 1 and awarded the Gold Medal in the Small and Medium category of Best Workplaces™ in Sri Lanka 2026, and ranked No. 18 among Best Workplaces™ in Asia in the Medium Scale category—the highest-ranked Sri Lankan organisation in the category. The company also received Industry Excellence for Workplace Culture – Trading Industry.

The Young Talent recognition was presented at the Great Place To Work® CXO Forum 2026 held on 10 September 2026 at Cinnamon Life, Colombo. The recognition followed an evaluation of more than 100 certified organisations and highlights workplaces that create meaningful opportunities for employees under 35 to develop, contribute and grow.

At the Best Workplaces™ in Sri Lanka Awards Gala 2026, held on 11 September 2026 at Cinnamon Life, Colombo, Ideal Motors achieved another historic milestone by entering the Best Workplaces Sri Lanka list for the first time and securing the No. 1 Gold Medal in the Small and Medium category. The company also achieved No. 18 in Best Workplaces™ in Asia, reflecting the strength of its workplace culture beyond Sri Lanka.

These achievements represent more than a collection of awards. They reflect the transformation taking place within Ideal Motors, where people, culture and business performance are increasingly viewed as interconnected drivers of sustainable growth.

Over the past few years, the organisation’s HR function has evolved from a predominantly administrative role into a strategic business partner, with greater emphasis on employee experience, capability development, engagement, performance, communication, wellbeing, diversity and inclusion, and data-driven HR practices.

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AAC takes seat belt safety message to Colombo motorists

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AAC staff distribute seat belt safety material to motorists on Galle Face Centre Road, Colombo.

The Automobile Association of Ceylon (AAC) conducted a seat belt safety awareness programme in front of its headquarters and along Galle Face Centre Road, encouraging motorists and passengers to make seat belt use a habit on every journey.

AAC staff, working alongside officers of the Sri Lanka Police Traffic Division, distributed specially designed hanging tags and stickers to drivers. The material carries a clear reminder that seat belts protect drivers as well as passengers in both the front and rear seats.

The public awareness drive was held ahead of the requirement taking effect on 20 September 2026, under which seat belt use becomes mandatory for every occupant of a vehicle travelling on an expressway.

AAC emphasized that the regulation should be understood as a life-saving measure rather than only a legal obligation. Wearing a seat belt can help prevent occupants from being thrown inside or from a vehicle during a collision and can lessen the severity of injuries.

The Association said road safety legislation must be supported by sustained public education, visible enforcement and responsible behaviour by all road users. The participation of the Traffic Police helped the campaign reach motorists directly in a busy part of central Colombo.

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