Connect with us

Business

Institutional investors dominate CSE trading; buying interest spikes

Published

on

CSE trading activities indicated strong buying interest yesterday as institutional investors were very active in the market, market analysts said.

Amid those developments both indices moved upwards. The All Share Price Index went up by 160.82 points while the S and P SL20 rose by 37.12 points.

Turnover stood at Rs 4.81 billion with seven crossings. Those crossings were; CTC 1.3 million shares crossed to the tune of Rs 2.39 billion and its shares traded at Rs 1780, Commercial Bank 1.25 million shares crossed for Rs 252.5 million; its shares traded at Rs 210, Sierra Cables 1 million shares crossed to the tune of Rs 31.5 million; its shares traded at Rs 31.50.

Laugfs Gas 480,000 shares crossed to the tune of Rs 30.7 million; its shares traded at Rs 64, Asiri Hospital 600,000 shares crossed to the tune of Rs 25.8 million; its shares sold at Rs 43, Lanka IOC 150,000 shares crossed to the tune of Rs 21.3 million; its shares sold at Rs 141.75 and JKH 1 million shares crossed to the tune of Rs 20.5 million; its shares sold at Rs 20.50.

In the retail market top seven companies that mainly contributed to the turnover were; Commercial Bank Rs 218.5 million (one million shares traded), Asiri Hospitals Rs 159.5 million (3.8 million shares traded), HDFC Rs 149 million (1.9 million shares traded), Janashakthi Rs 94.3 million (6.98 million shares traded), NDB Rs 78.9 million (683,000 shares traded), Colombo Dockyard Rs 69.5 million (520,000 shares traded) Renuka Agri Rs 59 million (4.3 million shares traded). During the day 90.2 million share volumes changed hands in 24885 transactions.

It is said that CTC contributed more than half the day’s turnover. Further banking sector counters, especially Commercial Bank, performed well. The manufacturing sector, especially JKH, performed well.

The transfer of Hongkong and Shanghai Banking Corporation’s (HSBC) Retail Banking business into NTB has officially been completed effective May 1, Nations Trust Bank said. Nations Trust Bank has integrated HSBC Sri Lanka’s retail banking customers into its operations and absorbed HSBC Sri Lanka staff.

The stock was up 1.27 percent at Rs.318.75 during midday trading.

Beruwala Resorts PLC said it would temporarily close its hotel operations from May 1 to August 30 for a planned refurbishment and operational improvements.

The hotel is expected to resume its operations on September 1, the company said in a market filing, adding that it will keep the market informed of any further material developments.

Lanka Walltiles said shareholders had agreed to amend the articles of association. The stock was down 40 cents at Rs 48.50.

Yesterday the rupee was quoted at Rs 319.20/320.00 to the US dollar in the spot market, after trades at 319.75/320.00 in the spot next last Thursday, dealers said, while bond yields were broadly steady across the yield curve.

A bond maturing on 15.12.2028 was quoted at 9.75/85 percent, up from 9.75/83 percent.

A bond maturing on 15.12.2029 was quoted at 9.95/10.05 percent.

A bond maturing on 01.07.2030 was quoted at 10.15/20 percent, down from 10.17/20 percent.

A bond maturing on 15.12.2032 was quoted at 10.80/90 percent.

A bond maturing on 01.11.2033 was quoted at 10.95/11.05 percent, up from 10.95/11.00 percent.

By Hiran H Senewiratne



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

People’s Bank drives push towards cash-lite economy

Published

on

Marking a significant milestone in Sri Lanka’s digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the country’s transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct fast, secure and convenient transactions via mobile devices, said a release from the People’s Bank.

It said: As a leader in digital banking, People’s Bank proudly aligns with this landmark national initiative, reinforcing its commitment to building a digitally empowered economy. The Bank supports the programme through its flagship digital wallet “People’s Pay”, which offers a seamless platform for QR-based transactions and a range of everyday financial services.

In line with the programme’s objectives, customers can perform QR transactions without incurring additional charges, while merchants benefit from zero fees on transactions up to Rs. 5,000. To further encourage adoption, valuable gifts will be awarded to selected winners among LANKAQR users, enhancing engagement and promoting digital payment usage across the country.

People’s Bank’s participation reflects its ongoing digital transformation strategy, which has evolved beyond traditional online banking to deliver an integrated, lifestyle-oriented financial ecosystem. The Bank continues to set industry benchmarks by offering secure, efficient and user-friendly digital platforms, ensuring customers have uninterrupted access to banking services anytime, anywhere.

At the heart of this initiative is People’s Pay, a sophisticated digital wallet designed to streamline everyday financial transactions while catering to the evolving needs of the modern consumer. The application features a seamless self-registration process, comprehensive tri-language support, and secure storage of payment details, ensuring both convenience and security for users.

In addition, the People’s Pay app enables customers to make real-time bill payments and QR-based transactions with exceptional ease and efficiency. The facility to link multiple bank accounts further enhances flexibility and convenience, while the transaction limit provides users with greater financial control and improved security.

In a strategic move to bolster the national QR adoption program, the People’s Pay app now facilitates Peer-to-Peer (P2P) QR transfers. This functionality allows users to generate both static and dynamic QR codes, enabling efficient transactions without the need to disclose sensitive account information.

The National QR Payment Adoption Programme represents a critical step in advancing Sri Lanka’s digital payments landscape. By fostering fast, secure and transparent transaction methods, the initiative aims to ensure inclusive participation in the digital economy, empowering citizens across all regions and communities.

Continue Reading

Business

ANC Campus and Adelaide University launch new Australian study pathway for Lankan students

Published

on

ANC Campus has announced the launch of a formal articulation partnership with Adelaide University at Cinnamon Lakeside, Colombo, creating a clear progression pathway for Sri Lankan students seeking an Australian university degree.

Through this pathway, students can begin their university-level studies at ANC Campus in Sri Lanka before progressing to Adelaide University in Australia, subject to the relevant academic, English language, and entry requirements. By completing the first year through ANC’s Australian Diploma pathway in Sri Lanka, students can significantly reduce the overall cost of their Australian education journey, with estimated first-year savings of up to LKR 13 million when tuition and living expenses are considered.

The launch was attended by representatives of ANC Campus, Adelaide University, and the Australian Trade and Investment Commission (Austrade), alongside members of the media, students, parents, and invited guests. Austrade’s presence highlighted the continued importance of Australia-Sri Lanka education links.

Speaking at the launch, Dayan D. L. Fernando, Chief Executive Officer of ANC Campus, said the partnership gives Sri Lankan students a credible and well-supported route into Australian higher education.

“For over two decades, ANC has worked with international university partners to help Sri Lankan students begin their global education journey with the right academic preparation and guidance. This partnership with Adelaide University gives students a clearer route to an Australian degree and gives parents greater confidence in the pathway their children are choosing,” he said.

Fernando added that international education is one of the most important decisions a family makes, and proper guidance is essential.

“At ANC, our responsibility is to guide students correctly. We must help them understand the pathway, the requirements, the destination, and the opportunities ahead. ANC prepares students for the highest likelihood of success.

Continue Reading

Business

Union Assurance honours new batch of certified financial advisers

Published

on

Union Assurance PLC, Sri Lanka’s longest-standing private Life Insurer, recently hosted the SLIM Certified Financial Adviser Graduation Ceremony at its Head Office premises, recognising 38 professionals who successfully completed the programme, a milestone that reflects the company’s focus on building a highly capable and accredited sales force.

The Certified Financial Adviser programme, delivered in partnership with the Sri Lanka Institute of Marketing (SLIM), the National Body of Marketing in Sri Lanka, which was designed to elevate the expertise of the company’s high performing adviser force. Spanning 11 comprehensive modules covering areas such as Advanced Consultative Selling Skills, Negotiation Mastery, Digital Prospecting Techniques, and Emotional Resilience in Sales, participants underwent a rigorous learning journey that concluded with a formal assignment, bringing the full cohort to completion.

The programme reflects Union Assurance’s commitment to ensuring its advisers are positioned to serve customers with confidence, credibility, and genuine understanding of their needs; values that are central to the company’s purpose of protecting what matters most. The SLIM qualification also opens a structured educational pathway for graduates, with opportunities to advance through further nationally recognised certifications.

Speaking at the ceremony, Chief Agency Officer at Union Assurance, Imtiyaz Aniff stated: “We are pleased to recognise the dedication of our people who committed to this programme alongside their core responsibilities. The SLIM certification equips our advisers with the skills and credentials to serve our customers at a higher standard, and that directly supports the quality of advice we deliver. We look forward to seeing this cohort carry forward what they have learned and continue to grow in their careers.”

Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed nearly four decades of success with a Market Capitalisation of Rs. 45.6 Bn and a Life Fund of Rs. 92.8 Bn as of end December 2025. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.

Continue Reading

Trending