Business
Global stock markets ruffled by US President’s tariff decisions
By Hiran H.Senewiratne
Major global stock markets yesterday were somewhat affected by US President Donald Trump’s recent announcement on the imposition of tariff/tax on China, Mexico and the European Union for US imports, triggering some panic selling in the stock market, market analysts said.
Due to this global scenario coupled with the long holidays stock market activities were a bit low. Consequently, both indices moved downwards. The All Share Price Index went down by 166.24 points while the S and P SL20 declined by 47.12 points.
Turnover stood at Rs 3.04 billion with four crossings. Those crossings were reported in Hayleys Fabrics, which crossed 2.4 million shares to the tune of Rs 129 million; its shares traded at Rs 53.60, Aitken Spence 352,000 shares crossed for Rs 52.8 million; its shares sold at Rs 150, ACL Cables 180,000 shares crossed for Rs 25.2 million; its shares traded at Rs 140, JKH one million shares crossed for Rs 22.8 million and its shares fetched Rs 22.50.
In the retail market top six companies that mainly contributed to the turnover were JKH Rs 317 million (14 million shares traded), Browns Investments Rs 222.7 million (25 million shares traded), Access Engineering Rs 102 million (2.5 million shares traded), SwissTec Rs 79.3 million (1.7 million shares traded), Sampath Bank Rs 73.9 million (626,000 shares traded) and Central Finance Rs 73.1 million (334,000 shares traded). During the day 121.9 million share volumes changed hands in 28115 transactions.
It is said that as usual the manufacturing sector was the main contributor to the turnover, led by JKH. Meanwhile, other sectors, such as banking and finance, also performed well.
Yesterday, the rupee was quoted at Rs 299.00/50 to the US dollar in the spot market, weaker from Rs 297.80/298.20 to the US dollar Friday, dealers said, while bond yields were broadly flat.
A bond maturing on 15.02.2028 was quoted at 10.10/20 percent, up from 10.10/15 percent. A bond maturing on 15.10.2028 was quoted at 10.32/40 percent, up from 10.35/40 percent. A bond maturing on 15.09.2029 was quoted at 10.75/80 percent, up from 10.73/77 percent. A bond maturing on 15.10.2030 was quoted flat at 11.20/30 percent.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
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.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
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.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
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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