Business
CSE’s bull-run continues in the wake of picked-up investor participation
By Hiran H.Senewiratne
The stock market was bullish yesterday as well because investors were expecting Sri Lanka’s debt restructuring issues to be resolved soon, market analysts said.
Both local and foreign investors were actively involved in trading, these analysts added.
The All Share Price Index went up by 169.5 points, while the S and P SL20 rose by 71.45 points recording an all- time high with a turnover of Rs 6.1 billion and seven crossings.
Those crossings were reported in Hemas Holdings which crossed 1.7 million shares to the tune of Rs 156 million; its shares traded at Rs 93, HNB 400,000 shares crossed for Rs 100.5 million; its shares traded at Rs 255, Meltacope 800,000 shares crossed for Rs 89.2 million; its shares traded at Rs 112, JKH 3 million shares crossed for Rs 64.4 million; its shares sold at Rs 21.50, HNB (Non- Voting) 313,000 shares crossed for Rs 63.7 million; its shares traded at Rs 200, Ambeon Capital 2 million shares crossed for Rs 46 million; its shares traded at Rs 23 and Dialog 1.8 million shares crossed for Rs 20 million; its shares traded at Rs 11.
In the retail market, performing companies that contributed to the turnover were; LMF Rs 394 million (10.2 million shares traded), HNB Rs 315 million (1.2 million shares traded), Hemas Holdings Rs 271 million (2.9 million shares traded), Alumax Rs 229 million (16.2 million shares traded), Commercial Bank Rs 228 million (1.7 million shares traded) and Sampath Bank Rs 209 million (1.9 million shares traded). During the day 188 million shares volumes changed hands in 35400 transactions.
It is said that food sector counters, especially LMF, were active in the market, while manufacturing and banking sector counters played well.
Yesterday the rupee was quoted at Rs 290.20/25 to the US dollar in early trade, marginally stronger from previous day’s close of Rs 290.20/35, dealers said, while bond yields were steady.
A bond maturing on 15.02.2028 was quoted at 10.18/28 down from 10.25/35 percent.
A bond maturing on 15.10.2028 was quoted at 10.45/55 down from 10.50/60 percent.
A bond maturing on 15.09.2029 was quoted stable at 10.70/80 percent.
A bond maturing on 15.05.2030 was quoted at 10.95/11.10 percent.
Business
SEC renews partnership with the University of Jaffna to empower future capital market professionals
The Securities and Exchange Commission of Sri Lanka (SEC) renewed its Memorandum of Understanding (MoU) with the University of Jaffna, strengthening its commitment to developing the next generation of capital market professionals.
The partnership with the University of Jaffna began in 2009, as part of the SEC’s broader initiative to collaborate with national universities in 2008. This has been instrumental in bridging academia and the capital markets industry. The latest renewal reinforces this collaboration, ensuring undergraduates continue to benefit from a robust platform for academic and professional growth.
The renewed MoU continues to offer a range of benefits to undergraduates, including academic recognitions such as gold medals and cash awards for excellence in capital market-related subjects, opportunities for research grants in the field, and enhanced industry exposure through internships and hands-on learning experiences facilitated by the SEC.
The revised MoU was formally signed with the participation of key representatives from the University and the SEC. Tushara Jayaratne, Deputy Director General of the SEC, represented the Commission, while University of Jaffna was represented by its Vice Chancellor, Prof. Sivakolundu Srisatkunarajah, Prof. N. Kengatharan, Dean of the faculty of Management Studies and Commerce and Prof. Lingesiya Kengatharan, Head of Department of Financial Management.
The SEC continues its mission to expand partnerships with other national universities, emphasizing its dedication to creating professional opportunities for students across the country. Through initiatives like these, the SEC aims to inspire a new generation of forward-thinking professionals, fostering academic excellence and driving innovation in Sri Lanka’s capital market.
Sales professionals from Sri Lanka Insurance Corporation General Ltd (SLICGL) converged at the Head Office on 11th November 2024, to compete in the grand final round of the General Insurance Quiz Competition 2024 and awards ceremony. The eagerly anticipated annual event hosted by SLICGL celebrates knowledge, teamwork and competitive spirit among its sales force across all its regional offices. The competition comprised regional and inter-regional rounds, culminating in an exciting final witnessed by the Chairman, Group CEO, COO, and other top management of the company, adding further prestige to the event. The Eastern Regional Team emerged triumphant as Champions while the Man of the Match was awarded to S.A.W.M. Sathurusinghe, representing the Western 3 Region.
Sampath Bank has once again reinforced its unwavering support for Sri Lanka’s export community by renewing its partnership with the National Chamber of Exporters (NCE) for the 32nd Annual Export Awards. This significant milestone reflects the Bank’s long-standing commitment to empowering the nation’s exporters through tailored financial solutions, fostering ethical trading practices, and driving sustainable economic growth.
The official signing ceremony, held at the Sampath Bank Head Office, was attended by senior representatives from both organisations. This partnership emphasises Sampath Bank’s role as a trusted financial ally to exporters, with plans to support key NCE-led initiatives, including the much-anticipated Annual Export Awards on 6th December 2024.
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