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Bourse up on budget cheer; turnover tops Rs. 7.5bn

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The Colombo Stock Exchange (CSE) maintained a positive trajectory throughout yesterday’s session, opening strong before settling into steady gains. Market analysts attributed the sustained optimism to the government’s growth-oriented national budget presented on November 7. Investor interest, both local and foreign, was concentrated on key economic sectors including renewable energy, tourism, and construction. This sentiment was further bolstered by the favourable quarterly results of several listed companies.

Amid those developments, All Share Price Index up by 164.34 points while S and P SL20 up by129.51 points. Turnover stood at Rs 7.5 billion with thirteen crossings. Top seven crossings that have mainly contributed to the turnover were ACL Cables 1.15 million shares crossed to the tune of Rs 253.8 million and its share price traded at Rs 221.50, Laughs Gas 1.5 million shares crossed to the tune of Rs 111 million and its share price traded at Rs 74, VallibelOne one million shares crossed to the tune of Rs 102 million and its share price traded at Rs 103, Sri Lanka Telecom 1.3 million shares crossed to the tune of 91 million and its share price traded at Rs 70, JKH 3.5 million shares crossed to the tune of Rs 78 million and its share price traded at Rs 28.30, Dialog Axiata one million shares crossed to the tune of Rs 31 million and its share price traded at Rs 31 and Citrus Leisure seven million shares crossed to the tune of Rs 30 million and its share price traded at Rs 4.30.

I the retail market top seven companies that have mainly contributed to the turnover were Renuka Agri Foods Rs 303 million shares traded (45.7 million shares traded), Laughs Gas Rs 278 million (3.7 million shares traded), Colombo Dockyards Rs 266 million (632,000 shares traded), Bogala Grphite Rs 193 million (1.17 million shares traded), Sampath Bank Rs 192 million (1.2 million shares traded), Renuka Foods Rs 191 million (5.7 million shares traded) and HNB Rs 188 million (451,000 shares traded). During the day 253 million shares volumes changed hands in 51744 transactions.

It was said that food and agriculture, manufacturing and mining sectors performed well.

 

By Hiran H Senewiratne 



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Business

Dialog Brings the ICC Men’s T20 Cricket World Cup 2026 Closer to Sri Lankans

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Left to right: Mr Bandula Dissanayake, Honorary Secretary, Sri Lanka Cricket; Mr. Raveen Wickramarathne, Honorary Vice President, Sri Lanka Cricket; Dr. Jayantha Dharmadasa, Honorary Vice President, Sri Lanka Cricket; Mr. S. Achchudan, Director General of Sports; Mr. Supun Weerasinghe, Director / Group Chief Executive, Dialog Axiata PLC; Mr. Dasun Shanaka, Captain - Sri Lanka National T20 Squad; Mr. Lasantha Theverapperuma, Group Chief Marketing Officer, Dialog Axiata PLC; Mr. Pubudu Aluthgedara, Vice President / Head of Business - Media and Home, Dialog Axiata PLC

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, hosted an event to mark the ICC Men’s T20 Cricket World Cup 2026, bringing together stakeholders and cricket enthusiasts as Sri Lanka looks ahead to one of the world’s most anticipated sporting events.

Over the years, Dialog has played an enduring role in supporting sport in Sri Lanka, with cricket at its core, enabling access to the game through partnerships and nationwide initiatives, reflecting its commitment to Powering the Passion of the Nation. Against this backdrop, securing the ICC media rights in Sri Lanka for the 2026–2028 period represents an important milestone in Dialog’s ongoing journey of bringing the world’s leading cricket tournaments to Sri Lankan audiences.

The event was attended by representatives from the Sports Ministry, Sri Lanka Cricket, the media, and the corporate sector, alongside former and current national cricketers. It recognised Sri Lanka’s proud cricketing legacy and the deep-rooted following the game enjoys among fans, while underscoring the scale and significance of the ICC Men’s T20 Cricket World Cup 2026 for local audiences.

As anticipation builds towards the tournament, the ICC Men’s T20 Cricket World Cup trophy was ceremonially showcased during the event, offering those present a closer look at a widely recognised symbol of the competition.

S.Achhudan, Director General of Sports said, “Sport plays an important role in strengthening national unity and identity. Public–private partnerships, such as Dialog’s continued support for cricket, are important in sustaining the sports ecosystem and in enabling broad public access to major international sporting events.”

Commenting on the occasion, Supun Weerasinghe, Director / Group Chief Executive of Dialog Axiata PLC, said, “Cricket holds a special place in Sri Lanka, with a following that spans generations and communities. Global tournaments such as the ICC Men’s T20 Cricket World Cup are events that fans look forward to and remember. At Dialog, our focus is to play a meaningful role in enabling these experiences — ensuring Sri Lankans can follow the game across platforms, with the quality, reliability, and reach it deserves.”

Sharing his views on the collaboration, Mr. Bandula Dissanayake, Honorary Secretary of Sri Lanka Cricket, said, “The ICC Men’s T20 Cricket World Cup is a major event for the sport and for cricket-loving nations such as Sri Lanka. With Dialog as the ICC media rights holder in Sri Lanka for the 2026–2028 period, this collaboration supports strong engagement around the tournament and reflects the scale of interest cricket continues to enjoy across the country.”

Sri Lankan fans will be able to follow the ICC Men’s T20 Cricket World Cup 2026 on Dialog Television and the Dialog Play App, alongside a free-to-air broadcast partnership with Supreme TV, ensuring wide access to the tournament.

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‘Notable drop in SL’s 2025 tourism sector earnings compared to those of 2018’

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Chandana Amaradasa addressing the meeting while Rotary Club Colombo South President Kumar Sithambaram looks on.

The revenue that was earned from the tourism sector in 2025 was US $ 3.2 billion, which is a significant drop compared to the 2018 figure , which is US$ 4.3 billion, a top tourism sector specialist said.

‘Comparatively there is a revenue deficit of US $ 1.2 billion, which we cannot be satisfied with at any cost, ‘Island Leisure Lanka’ founder chairman Chandana Amaradasa said.

Amaradasa made these observations at a Rotary Club joint meeting organised by Rotary Club Colombo South, featuring also the Rotary Clubs of Kolonnawa and Sri Jayawardenapura, at the Kingsbury Hotel on Tuesday.

Amaradasa added: ‘To develop the tourism sector the government has to do many things which previous governments comprehensively failed to take up.

‘The revenue that comes from the local tourism sector is four to five percent of the GDP, while in Dubai it is more than 45 percent of the GDP.

‘At present the country has 51000 rooms, out of which not more than 10000 rooms are at the four to five star level. Of that number 6000 rooms are located in Colombo, which is a major issue for tourism promotion in tourism potential areas.

‘Sri Lanka should focus on high quality standards in tourism and also develop the East Coast with the necessary infrastructure; especially having an international airport is absolutely necessary.

‘Colombo could be developed as a MICE tourism hub in the region. But not having an international level conference/convention hall is a another bottle neck in promoting that market as well.’

By Hiran H Senewiratne  ✍️

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A Record Year for Marketing That Works: SLIM Effie Awards Sri Lanka 2025 crosses 300+ entries

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The Sri Lanka Institute of Marketing (SLIM) announces a defining milestone for the country’s marketing, advertising, and creative sectors, as Effie Awards Sri Lanka 2025 records the highest number of entries in its history, crossing 300+ submissions. The unprecedented response reflects a stronger, more confident industry, one that is increasingly committed not only to bold creativity, but to creativity that can prove its value through measurable business and brand outcomes.

Now in its 17th year in Sri Lanka, the Effie Awards remain the most recognised benchmark for marketing effectiveness, honouring campaigns that bring together creative excellence, strategic discipline, and results. As the industry evolves, the Effies have become a space where the agency community, brand teams, media and creative partners are collectively challenged to raise the bar, moving beyond attention and awards, toward work that drives growth, shapes behaviour, and delivers real impact.

The record volume of entries this year also signals a healthy shift in the market: more brands and agencies are willing to be evaluated against rigorous effectiveness criteria, and to put forward work that demonstrates clear thinking, strong execution, and proof of performance. SLIM notes that this momentum highlights the expanding role of marketing and advertising in Sri Lanka, not simply as communication, but as a strategic driver of competitiveness and value creation.

SLIM confirms that the judging process will commence soon, guided by the established Effie evaluation framework that assesses entries on insight, strategy, execution, and measurable outcomes. The Grand Finale is scheduled for end-February 2026, where Sri Lanka’s most effective marketing work will be recognised on a national platform.

For inquiries, entries, and sponsorship opportunities, please contact the SLIM Events Division: +94 70 326 6988 | +94 70 192 2623.

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