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CSE continues on bullish trajectory as blue chip stocks prove attractive to foreign investors

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By Hiran H.Senewiratne

CSE trading activities continued on a bullish trajectory yesterday due to blue chip company stocks becoming more attractive to foreign investors. Foreign buying interest was noted mainly in blue chips, such as, Expolanka Holdings, Lanka IOC and JKH, stock market analysts said.

The stock market has also gained due to some positive sentiments from investors based on hopes of macroeconomic stability. On the previous day, Expolanka had 19 crossings and early in the session previous to that, it had 53 crossings. The shares in the market heavyweight gained 3 per cent to Rs 231, market sources said.The market saw a net foreign inflow of Rs 399 million on the previous day. The net foreign inflow so far this year is Rs 4.44 billion after the bourse saw Rs 5.83 billion of net foreign buying in the last 18 consecutive sessions amid positive sentiment over an IMF deal.

Amid those developments both indices moved upwards. The All- Share Price Index moved up by 153 points and S and P SL20 rose by 83.4 points. Turnover stood at Rs 4.1 billion with three crossings. Those crossings were reported in Royal Ceramic, which crossed 3.3 million shares to the tune of Rs 122 million, its shares traded at Rs 36.50, JKH, 660,000 shares crossed to the tune of Rs 84.5 million, its shares fetched Rs 128 and Richard Pieris one million shares crossed for Rs 32 million; its shares traded at Rs 32.

In the retail market seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 486 million (two million shares traded), Lanka IOC Rs 475 million (two million shares traded), JKH Rs 313 million (2.4 million shares traded), Royal Ceramic Rs 187 million (4.8 million shares traded), Melstacorp Rs 165 million (2.7 million shares traded), ACL Cables Rs 163 million (2.1 million shares traded) and Kotagala Plantations Rs 142 million (11.9 million shares traded). During the day 173 million share volumes changed hands in 38000 transactions.

The IMF announced that it reached a staff-level agreement with Sri Lanka on Sept 1, with a possible 48-month US $ 2.9 billion Extended Fund Facility (EFF) being provided, once debt restructuring is done. Sri Lanka also submitted a reform-oriented interim budget for 2022 on August 30 which was seen as market positive.The budget is aimed at almost doubling the tax-to-GDP ratio to 15 per cent by 2025 from 8.2 per cent at the end of 2021.Yesterday, the CBSL’s US dollar buying rate was Rs 358.53 and the selling rate Rs 369.50.



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HNB Finance bags 2 CMA Reporting Awards 2025

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Prof. Ho Yew Kee presents the award, while Rajeeva Bandaranaike hands over the certificate to the HNB Finance team. Featured (right to left): Thushara Jayasekara – Chief Manager / Head of Corporate Planning & Analytics; Randula Munindradasa – Assistant Manager Planning & Analytics; Sandakelum Jayathunga – Senior Manager – Financial Reporting; Maheshika Samarakoon – Manager – Strategy Implementation & Reporting

HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.

At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.

The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.

Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”

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ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.

The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.

Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.

‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.

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Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations

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Defence Secretary Air Vice Marshal (Retd) Sampath Thuyacontha receiving the donation from Sajith Gunaratne - General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera - General Manager of Ceylon Grain Elevators PLC

Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.

As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.

The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.

Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.

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