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CSE on the rebound as ASPI records highest single day points

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By Hiran H.Senewiratne 

CSE activities were on the rebound yesterday following losses that had occurred during the last two days. Exceptional quarterly performances by Vallibel One and Royal Ceramic contributed to both indices improving, stock market analysts said.

Further, a  psychological boost was also received by stock market investors following a meeting of stockbroker firms’ CEOs with   SEC and CSE officials recently.

It is said that candid views were expressed between the parties and the stockbrokers expressed their views with regard to the information that was being called for by the circular issued by the CSE.     

Amid those developments, both indices were positive, The All Share Price Index registered the highest single day points in history with 387.19 points, the  Index closing at 7585.00 and the All Share Price Index went up by 155.24 points. Both indices increased by 5 percent.

Those crossings were reported in Sunshine Holdings which crossed 6 million shares to the tune of Rs. 480 million, its shares traded at Rs. 80 and Hemas Holdings one million shares crossed for Rs. 90 million, its shares traded at Rs. 90.

In the retail market top five contributing companies to the turnover were, Royal Ceramic Rs. 620 million (1.9 million shares traded), Vallibel One Rs. 536 million (8.6 million shares traded), Expolanka Rs. 501 million (9.85 million shares traded), LOLC Rs. 494 million (1.2 million shares traded) and Browns Investments Rs. 362 million (61.6 million shares traded). During the day  185 million share volumes changed hands in 35880 transactions.      

Sri Lanka rupee was quoted around 193.50/194.00 levels in the spot market on Friday, while bond yields edged up on higher sales, dealers said. The rupee last closed in one-week forward market at 194.00/194.50 levels on Thursday. In the secondary market bond yields gained on selling pressure, but there were low levels of activity and the market remained inactive, dealers said.



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‘CEAT Cares’ supports 6th school in programme benefitting children of rubber farmers

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Schools CSR 2025 – Matugama

Reinforcing its long-term commitment to community upliftment and sustainable sourcing, CEAT Kelani Holdings has conducted the sixth presentation of essential school supplies to children of Sri Lanka’s rubber farming community, this time at Meegama Kanishta Vidyalaya in Matugama.

Seventy students from grades 1 to 5 at the school received school bags, shoes, and exercise books as part of CEAT’s flagship CSR initiative, ‘CEAT Cares.’ This latest event brings the total number of students supported by the programme to 650, spanning key rubber-producing areas including Matugama, Ratnapura, Galle, Moneragala, Kandy, and Hatharaliyadda.

The event at Meegama Kanishta Vidyalaya was attended by CEAT Kelani Chief Operating Officer Shamal Gunawardene, members of the senior management, and authorised CEAT dealers in the area including Sarath Premachandra of Chandra Tyre Center, Chaminda Pushpakumara of Chaminda Tyre Service, and Kithsiri Senewirathna of Udagepola Tyre Center. The school principal, teachers, parents, and students also participated in the ceremony, which featured traditional dances performed by the children.

“Our commitment to the rubber farming community is an integral part of CEAT’s ethos,” Gunawardene said.

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Royal College Leads Education’s Digital Shift with Sri Lanka’s First Passive Optical LAN via SLT-MOBITEL

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The agreement was signed between Janaka Abeysinghe, Chief Executive Officer, SLT Group, and Aruna Samarajewa, Secretary, Royal College Union, in the presence of Crysantha Perera, Treasurer – ICT Advisory & Management Committee; Heshan Karunaratne, Secretary – Digital Transformation Advisory and ICT Advisory & Management Committees; and Abhaya Amaradasa, Chairman – Digital Transformation Advisory Committee, representing the Royal College Union. Also present were Lakmal Jayasinghe, Chief Business Officer – Enterprise Business; Sanjeewa Jayamaha, General Manager – SME Business; Nawzar, Deputy General Manager – SME Solutions Development & Management; and Aruna Liyanage, Engineer – Solution Support, representing SLT-MOBITEL ENTERPRISE

Heralding a new era in digital education, SLT-MOBITEL ENTERPRISE and Royal College recently collaborated over the trailblazing deployment of Sri Lanka’s first full-scale Passive Optical LAN (POL) solution powered by Gigabit Passive Optical Network (GPON) technology.

Connecting learning spaces with robust, ultra-fast broadband, the project is designed to revolutionize teaching and learning practices, ensuring students and educators can thrive in an increasingly digital world.

The agreement was signed between Janaka Abeysinghe, Chief Executive Officer, SLT Group, and Aruna Samarajewa, Secretary, Royal College Union, in the presence of several officials representing both organizations.

Partnering with one of the country’s most prestigious institutions demonstrates SLT-MOBITEL ENTERPRISE’s dedication to advancing education through cutting-edge technology and reinforcing the company’s leadership in innovative solutions.

Achieving a historic first for the nation, the fully integrated, fibre-based Passive Optical LAN (POL) solution is the inaugural deployment of its kind for an educational institution. The new system incorporates enterprise-grade network security features, ensuring safe browsing and providing advanced protection against potential cyber threats. Controlled access to educational resources is seamlessly integrated into the network architecture, creating a protected and responsible environment that safeguards sensitive academic data while building trust among parents, educators, and the community.

As SLT-MOBITEL ENTERPRISE continues to drive technological advancement within the education sector, the project serves as a vital stepping stone towards broader integration with institutions island wide. The deployment supports efforts to bridge the digital divide, ensuring that high-quality, innovative learning environments become accessible to students across the country.

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Melwa introduces its latest product, SLS 414 certified first welding rod in Sri Lanka

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Melwa Balangoda workshop in progress

Melwa, the leading steel manufacturer in Sri Lanka, recently introduced its latest product—Melwa Welding Rods—to the market. Produced by Melwa, a local company that has played a significant role in the development of the country’s construction sector, these welding rods are of high quality. Notably, they are 100% locally manufactured and come with SLS 414 certifications. This marks the first time a welding rod that is entirely locally produced has been introduced to the Sri Lankan market.

As part of the launch, a special workshop was held for welders in Balangoda on 24 June. During the session, participants were introduced to these welding rods and given the opportunity to test them out first-hand.

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