Business
Banking sector counters trigger fresh bull run at CSE
By Hiran H,Senewiratne
The stock market performed bullishly yesterday driven by banking sector counters. The reason being that investors are optimistic with positive financial statements coming from listed companies this quarter, market analysts said.
Amid those developments both indices moved upwards. The All Share Price Index went up by 115.8 points while S and P SL20 rose by 37.65 points. Turnover stood at Rs 5.56 billion with ten crossings.
Those crossings were reported in Sierra Cables, which crossed 23 million shares to the tune tune of Rs 324 million; its shares traded at Rs 14.80, TJLanka four million shares crossed for Rs 204 million and its shares traded at Rs 51.20, Amana Bank 4.7 million shares crossed for Rs 119 million; its shares sold at Rs 25.50, Aitken Spence 697,000 shares crossed for Rs 108 million; its shares traded at Rs 151, CIC Holdings 962,000 shares crossed to the tune of Rs 97.9 million; its shares traded at Rs 102, Commercial Bank 450,000 shares crossed for Rs 65.7 million and its shares sold at Rs 146, JKH one million shares crossed to the tune of Rs 23.8 million; its shares traded at Rs 23.80, Dialog 1.7 million shares crossed to the tune of Rs 23.2 million; its shares sold at Rs 13.20, Central Industries 138,000 shares crossed for Rs 21.9 million and its shares traded at Rs 158 and Access Engineering 600,000 shares crossed for Rs 21 million and its shares fetched Rs 35.
In the retail market, companies that mainly contributed to the turnover were; DFCC Rs 248 million (2 million shares traded), HNB Rs 236 million (719,000 shares traded), Sierra Cables Rs 229 million (16 million shares traded), NDB Bank Rs 160 million (1.3 million shares traded), TJ Lanka Rs 142 million 92.7 million shares traded) and Pan Asia Bank Rs 128 million (3.3 million shares traded). During the day 187 million share volumes changed hands in 31300 share transactions.
It is said that the banking sector was the biggest contributor for the turnover while the manufacturing sector was the second largest contributor to the turnover. The services sector was also very active in the market due to proper market fundamentals.
Yesterday the rupee was quoted at Rs 296.25/35 to the US dollar in the spot market, stronger from Rs 296.40/60 to the US dollar last Friday, while bond yields were flat, dealers said.
Stocks were up 0.39 percent. A bond maturing on 15.12.2026 was quoted at 9.15/25 percent, up from 9.10/25 percent, Friday. A bond maturing on 15.02.2028 was quoted at 10.10/15 percent, up from 10.05/15 percent. A bond maturing on 01.05.2028 was quoted at 10.25/33 percent, up from 10.25/30 percent. A bond maturing on 01.07.2028 was quoted at 10.32/38 percent. A bond maturing on 15.09.2029 was quoted at 10.75/85 percent, up from 10.75/83 percent. A bond maturing on 15.10.2030 was quoted at 11.27/30 percent, up from 11.20/30 percent.
Business
JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification
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.
Business
Industry bodies flag gaps in Draft National Electricity Policy
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.
Business
Bank of Ceylon partners with 36th APB Sri Lanka Convention
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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