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CSE turnover exceeds Rs. 6 billion as bullish trend accelerates

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By Hiran H.Senewiratne

CSE activities were extremely bullish yesterday as market turnover exceeded Rs 6 billion after seven months and the All- Share Price Index surpassed 9000 points for the first time since March 31 this year, stock market analysts said.

All blue chip company shares appreciated by more than five per cent, driven mainly by Lanka IOC and Hayleys. The reason for the market being upbeat was the relative political stability which has come into being under President Ranil Wickremesinghe, who spearheads an effort to establish a national government with some other political parties in parliament, together with the gradual movement of the economy despite all odds, stock market analysts opined.

Observers are of the view that Sri Lanka stock market is still one of the most attractive emerging stock markets in the region. It is said that during 2011/12 the stock market was at the 7000 points level and after ten years, i.e. 2022, the stock market is at 9000 points level. Besides, Sri Lanka’s equity market is ranked as one of the top most of such markets.

Amid those developments both indices moved upwards. The All- Share Price Index moved up by 321 points or 3.69 per cent and closed at 9027.48 points and the S and P SL20 rose by 159.5 points. Turnover stood at Rs 6.3 billion with four crossings. Those crossings were reported in Melstacorp, which crossed 5.2 million shares to the tune of Rs 280 million, its shares traded at Rs 54, JKH 500,000 shares crossed to the tune of Rs 64 million, its shares traded at Rs 128, Kahawatte Plantations one million shares crossed to the tune of Rs 27 million and its shares fetched Rs 27 and Hayleys 200,000 shares crossed for Rs 22 million; its share price stood at Rs 110.

In the retail market, top seven companies that mainly contributed to the turnover were, Lanka IOC Rs 1.4 billion (8.7 million shares traded), Expolanka Holdings Rs 720 million (3.3 million shares traded), Browns Investments Rs 339 million (41.7 million shares traded), Hayleys Rs 326 million (2.8 million shares traded), JKH Rs 294 million (2.3 million shares traded), Melstacorp Rs 235 million (4.4 million shares traded) and Dipped Products Rs 199 million (4.3 million shares traded). During the day 209 million share volumes changed hands in 47000 share transactions.

Lanka IOC and Hayleys drove the market. Lanka IOC shares moved to Rs 27.75 or rose by 20 per cent. Its share price rose to Rs 172.50 from Rs 144.75 and Hayleys share price gained by 11 per cent or Rs 11.75. Its share price moved to Rs 119.75 from Rs 106.25.Yesterday, the Central Bank announced the US dollar buying rate as Rs 357.24 and the selling rate as Rs 368.56.



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Dr Asanka Senanayake named most popular dentist at BWIO Awards

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Founder of Shine Dental Care Dr. Asanka Senanayake receiving the award

Dr. Asanka Senanayake, founder of Shine Dental Care centres—which provide dental services across multiple locations—was recently honoured as the Most Popular Dental Doctor of the Year at the Business World International Awards 2025.

The awards, organised by the US-based Business World International Organisation (BWIO), recognised outstanding business ventures and professionals across various industries. The ceremony was held recently at the Mount Lavinia Hotel in Colombo.

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Another 43 Ceylinco Life sales officers graduate with diplomas in Financial Sales Management

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Ceylinco Life’s latest batch of graduates in Financial Sales Management with Directors of the company and representatives of SLIM.

A group of 43 sales officers of Ceylinco Life recently graduated with diplomas in Financial Sales Management, under a programme tailor-made for the life insurance market leader by the Sri Lanka Institute of Marketing (SLIM).

Covering subjects such as Financial Planning, Communication, Analytical Skills Development, Time Management, Financial Markets, and Taxation among others, the bespoke diploma programme was introduced by Ceylinco Life to enhance the skills, knowledge, and competencies of its sales personnel, and to nurture a highly proficient sales force capable of tapping into premier markets and delivering exceptional services to customers.

The nine-month course programme includes contemporary coursework, examinations and assignments to ensure a well-rounded education for the candidates.

Speaking at the graduation ceremony, Ceylinco Life Executive Director/Chief Operating Officer Samitha Hemachandra said the company had from its inception, placed special emphasis on developing and rewarding professionalism among the members of its sales force. “We led the way in equipping our sales professionals with digital tools, pushed them to obtain professional qualifications from leading international bodies relating to life insurance, to qualify for Million Dollar Round Table membership, and to improve their knowledge in finance,” he said. “As a result, they have earned the respect of the community and their peers, and built stable and lucrative careers with Ceylinco Life.”

SLIM President Prof. Jayantha N. Dewasiri said: “Promoting professional competence as a contributor to the economic growth of our country is one of the objectives of SLIM. In furtherance of this, we provide professional education to thousands of Sri Lankans every year, and are happy to support Ceylinco Life’s efforts to advance the careers of its sales officers though professional development. This is an example to other corporate entities.”

Ceylinco Life’s senior directors Messrs. Devaan Cooray and Palitha Jayawardena, Director/Deputy CEO Ranga Abeynayake, SLIM Vice President – Education & Research Dr Dilhan Sampath Jayatilleke, CEO Chamil Wickremasinghe other distinguished guests attended the graduation ceremony at the Ceylinco Life Auditorium.

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ComBank and Senok unveil special offers on construction machinery and equipment

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Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan and the Deputy Managing Director of Senok Trade Combine Mr Ranjan Dahanayake exchange the MoU in the presence of representatives of the two companies.

Companies in the construction sector have been provided an opportunity to acquire new equipment through affordable leasing options created via a collaboration between the Commercial Bank of Ceylon and Senok Trade Combine (Pvt) Ltd., which represents global brands in construction machinery and equipment.

A memorandum of understanding signed by the two organisations provides for a series of special benefits to be provided to customers who purchase JCB and Kobelco branded construction equipment from Senok under a customised leasing package provided by Commercial Bank.

The benefits include special prices and lower interest rates, customised payment plans with attractive and affordable rentals, and the first three services at 50, 250 and 500 hours, free of charge.

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