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CSE declines with profit- taking and dims with electricity tariffs hike

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The stock trading at CSE yesterday kicked off with a positive note, but nevertheless turned less dynamic later in the day due to profit takings, thus ending a spate of upward trend in trading.This, however, appeared to be fair as investors rightfully utilized the opportunity to reap benefits from it.

Furthermore, the electricity tariff increase also had a direct bearing on the market to move downward yesterday, market analysists said.

Amid those developments both indices moved downward. All Share Price Index down by 20.6 points while S and P SL20 down by 13.63 points. Turnover stood at Rs 3.7 billion with five crossings.

Those crossings were reported in Sampath Bank which crossed 814,000 shares to the tune of Rs 98.7 million and its share price traded at Rs 122, Overseas Realities 2.7 million shares crossed to the tune of Rs 72.9 million and its share price traded at Rs 27, Ceylon Cold Stores 350,000 shares crossed to the tune of Rs 40.2 million and its share price traded at Rs 116, People’s Leasing and Finance two million shares crossed to the tune of Rs 37 million and its share price traded at Rs 18.50 and Singer (Sri Lank) 655,000 shares crossed to the tune of Rs 27.5 million and its share price traded at Rs 42.

In the retail market top six companies that have mainly contributed to the turnover were Sampath Bank Rs 207.7 million (1.7 million shares traded), LB Finance 158 million (1.3 million shares traded), Central Finance Rs 144 million (590,000 shares traded), Seylan Developments Rs 140 million (4.7 million shares traded), Lanka Aluminium Rs 131 million (three million shares traded) and Prime Lands Rs 126 million (8.4 million shares traded). During the day 171 million share volumes changed hands in 28000 transactions.

It is said that banking and finance sector led the market especially Sampath Bank crossing and retail transaction, while realestate sector also performed well especially Prime Lands and Overseas Realities. Furthermore, manufacturing sector also performed well.

Further, LOLC Finance has decided to repurchase 3,519,065,138 of issued shares to optimize its shareholder value the company sources said.

The total number of shares in issue is 33,079,212,299.

LOLC Finance is offering to buy a share at Rs 6 each.The share was trading down at 6.10 on Thursday.

The offer to repurchase is effective from June 30 to July 8.

Yesterday, the Central Bank announced the US Dollar rate as against rupee. The rupee was trading at Rs 298.98/299.02 to the US dollar in the spot market , broadly steady against previous day close of Rs 298.98/299.05, dealers said, while bond yields were down amidst the ongoing auction.

A bond maturing on 15.03.2028 was quoted at 8.65/75 percent, from 8.67/74 percent.

A bond maturing on 15.09.2029 was quoted at 9.35/40 percent.

A bond maturing on 15.12.2029 was quoted at 9.45/50 percent, down from 9.48/52 percent.

A bond maturing on 15.03.2031 was quoted at 9.90/95 percent, from 9.90/10.00 percent.

A bond maturing on 15.12.2032 was quoted at 10.15/25 percent.

An issue of Rs.111,000 million Treasury Bonds was ongoing.

By Hiran H Senewiratne ✍️



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HNB Assurance Recognized with Merit Award at the Great HR Awards 2025

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Team HNBA at the Great HR Awards

HNB Assurance PLC was recognized at the Great HR Awards 2025, receiving the Merit Award in the Finance, Insurance, Real Estate, and Investment sector. This recognition reflects the company’s continued commitment to strengthening its people strategy, nurturing a progressive culture, leveraging technology and maintaining strong industrial relations.

Sharing his thoughts on this accomplishment, Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance PLC, stated, “This recognition reiterates our belief that people are the true drivers of our success. Over the years, we have invested significantly in building an environment where our teams feel inspired and supported to deliver their best. As we continue to grow as one of Sri Lanka’s best insurance companies, this award reflects our ongoing efforts to build a workplace where both our people and our business can thrive. My sincere thanks go out to our HR team for continuously driving these initiatives.”

Commenting on the award, Navin Rupasinghe, Head of HR / DGM at HNB Assurance PLC, said, “Our people-first philosophy shapes every HR initiative we design, from strengthening learning pathways and leadership development to enhancing employee well-being and engagement. This recognition validates our ongoing efforts to build a workplace culture grounded in trust, inclusivity and performance. As we look ahead, we remain committed to evolving our HR practices to meet the expectations of our people and the future of work. My sincere thanks to the CIPM for this recignition.”

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MullenLowe Sri Lanka named Creative Agency of the Year in South Asia

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MullenLowe Sri Lanka has been awarded Gold as the Rest of South Asia’s Creative Agency of the Year at the Campaign Agency of the Year Awards 2025, held recently at Mumbai’s ITC Maratha Hotel. The accolade marks a landmark year for the agency, driven by breakthrough ideas, ambitious brands, and a surge in economic activity.

Campaign Agency of the Year – South Asia 2025 (Rest of South Asia – Creative Agency) awarded to MullenLowe Sri Lanka

Guided by a clear creative vision and extensive category expertise across 111 brands in 33 sectors, MullenLowe strengthened its position through strategic leadership appointments, talent acquisition, and the integration of AI-enabled tools. These initiatives created an environment where creativity, learning, and commercial impact worked in tandem, supporting long-standing client relationships and consistent new business momentum.

Thayalan Bartlett, Executive Chairman, said, “Our growth is rooted in a people-first, creative-centred culture. By attracting top talent and focusing on continuous upskilling, we have enriched both our creative and strategic capabilities.”

The agency’s innovation was further enhanced by Fever, its AI-enabled production studio, and LoweGo, a subscription-based design unit, enabling faster and more scalable solutions for modern marketers. Training programs, including an international AI workshop in Baku for top creative minds, helped unify teams around technology-driven creativity, leading to MullenLowe’s highest Effie points haul in a decade.

Harendra Uyanage, Senior Vice President and Executive Creative Director, added, “This recognition celebrates a team that constantly stretches its creative boundaries, transforming every brief into opportunity.”

The win adds to a series of recent accolades, including Most Effective Agency of the Year at the 2024 Effie Awards, and multiple awards at Dragons of Sri Lanka and SLIM Digis 2025, cementing MullenLowe’s vision to become Sri Lanka’s most commercially impactful creative company by 2030.

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ComBank named Sri Lanka’s Best Trade Finance Bank at Euromoney Awards 2025

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Com Bank honoured for outstanding support to Sri Lanka’s trade sector

The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the prestigious Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors.

This global recognition from Euromoney, a leading authority in financial markets, celebrates institutions that demonstrate innovation, leadership, and measurable impact in transaction banking across cash management, payments, trade finance, and technology. Commercial Bank is Sri Lanka’s clear market leader in trade finance, commanding a 21% share in exports and a 14.26% share in imports, demonstrating its strong presence across both segments.

In 2024, the Bank supported over US$ 5 billion in trade transactions, underscoring its unmatched role in enabling the flow of goods, services, and foreign exchange. Its leadership has also been recognised regionally by the Asian Development Bank (ADB), which named Commercial Bank its Leading Partner Bank in Sri Lanka for the fourth consecutive year under the Trade and Supply Chain Finance Programme.

At the forefront of Commercial Bank’s recent innovations is ComBank TradeLink, Sri Lanka’s first fully integrated, end-to-end digital trade finance platform. The system brings all trade finance operations – from Letters of Credit to export collections and shipping guarantees – into one secure online interface, providing customers real-time visibility, faster processing, and paperless convenience. This digitalisation drive has redefined the client experience, reduced manual processes and improved turnaround times across thousands of transactions.

The Bank’s commitment to advancing Sri Lanka’s trade sector extends beyond technology. Through initiatives such as the ComBank Trade Club, which facilitates connections between buyers and suppliers both locally and internationally, and ComBank LEAP | GlobalLinker, a digital business networking platform for SMEs, the Bank is actively building bridges between Sri Lankan entrepreneurs and global markets. Its Diribala Exporter Development Programme further empowers micro, small, and medium enterprises to become export-ready, providing access to expert guidance, training, and financial support.

Reflecting on the award, Commercial Bank said the recognition from Euromoney was a tribute to the trust placed in the Bank by Sri Lanka’s exporters and importers, and to the dedication of its trade finance teams who continue to innovate and deliver excellence in a rapidly evolving global landscape.

As Sri Lanka’s largest private sector bank and the first to surpass US$ 1 billion in market capitalisation, Commercial Bank continues to lead in supporting national trade, driving digital transformation, and shaping a more inclusive and resilient export economy, the Bank said.

Commercial Bank was the first bank in the country to be listed among the Top 1000 Banks of the World, and has the highest Tier I capital base among all Sri Lankan banks. The Bank is the largest private sector lender in Sri Lanka and the largest lender to the country’s SME sector. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.

Commercial Bank operates a network of strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance Ltd. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.

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