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ASPI reaches an all-time high with a turnover of Rs. 7 billion

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By Hiran H. Senewiratne

Trading on the Colombo Stock Exchange was bullish yesterday due to low interest regime, favourable economic conditions as well as the upgrading of sovereign ratings following the completion of external debt restructuring, market analysts said.

Owing to those positive factors both indices moved upwards. All Share Price Index up by 232 points (closing at 15,400.53 – a new all-time high) while S&P SL20 up by 96 points. Turnover stood at Rs 7 billion with nine crossings.

Those crossings were reported in Sampath Bank, which crossed 1.15 million shares to the tune of Rs 127 million and its share price traded at Rs 112, Renuka Holdings five million shares crossed to the tune of Rs 101.4 million and its share price traded at Rs 20, Ceylon Cold Stores 734,000 shares crossed to the tune of Rs 60 million and its share price traded at Rs 82, TJ lanka 987,000 shares crossed to the tune of Rs 47.4 million and its share price traded at Rs 48, Access Engineering 1.3 million shares crossed to the tune of Rs 46.15 million and its share price traded at Rs 95.50, Sunshine Holdings 230,000 shares crossed to the tune of Rs 21.5 million and its share price traded at Rs 95, LMF 500,000 shares crossed to the tune of Rs 21.75 million and its share price traded at Rs 43.52, Hayleys Fabrics 390,000 shares crossed to the tune of Rs 20.8 million and its share price traded at Rs 53.20, and Commercial Bank (Non Voting) 185,000 shares crossed to the tune of Rs 20.2 million and its share price traded at Rs 109.50.

In the retail market top six companies that mainly contributed to the turnover were Waskaduwa Resorts Rs 411 million (193 million shares traded), LOLC Holdings Rs 378 million (585,000 shares traded), Browns Investments Rs 366 million  (52.1 million shares traded), HNB Rs 261 million (899,000 shares traded) and HNB Rs 206 million (898,000 shares traded). During the day 534 million share volume changed hands in 47000 transactions.

The banking sector, especially Sampath Bank and HNB, while the manufacturing sector was the second largest contributor for the market. The service sector also was active yesterday to a significant degree.

Yesterday, the Central Bank announced the US Dollar rate. The rupee was trading stronger at Rs 294.30/60 to the US dollar in the spot market, from Rs 294.00/295.50 on Tuesday, while bond yields were down, dealers said.

A bond maturing on 15.12.2026 was quoted at 9.40/50 percent, down from 9.40/55 percent.A bond maturing on 15.09.2027 was quoted at 9.75/85 percent, down from 9.77/87 percent.A bond maturing on 15.02.2028 was quoted at 10.10/15 percent, down from 10.10/20 percent.A bond maturing on 01.05.2028 was quoted at 10.28/35 percent.A bond maturing on 15.09.2029 was quoted at 10.65/75 percent, down from 10.65/80 percent.



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).

JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.

Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.

A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.

Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:

“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”

The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.

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Industry bodies flag gaps in Draft National Electricity Policy

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The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.

Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.

The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.

The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.

Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.

The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.

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