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Notable dip in blue-chip counters as macro and micro uncertainties weigh on bourse

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By Hiran H.Senewiratne

The CSE surrendered its early gains to close marginally lower yesterday as looming macro and micro economic uncertainties weighed on investor sentiment amid a significant drop in blue-chip counters, stock market analysts said.

Despite global tensions with regard to the Russian- Ukraine issue easing out, since Russia is reportedly looking for a diplomatic intervention, the local micro economic front did not seem to facilitate profitable stock market operations, which factor dragged the bourse to negative territory, stock market analysts added. Moreover, an increase in world crude oil prices to the higher level of US $ 94 per barrel from US $ 72, put more pressure on the Sri Lankan economy due to the ongoing currency crisis, market analysts pointed out.

Against this backdrop, the stock market started on a positive note but later turned negative, especially with regard to blue-chip counters. Both indices moved downward. The All- Share Price Index went down by 106 points and S and P SL20 declined by 16.8 points.

Turnover stood at Rs 3.2 billion with a single crossing. The crossing was recorded from Melstacorp, which crossed 390,000 shares to the tune of Rs 26.6 million, its shares traded at Rs 56.

In the retail market, top seven companies that were mainly contributed to the turnover were; Commercial Leasing and Finance Rs 756 million (16.9 million shares traded), LOLC Finance Rs 460 million (17.2 million shares traded), Browns Investments Rs 229 million (16.2 million shares traded), Expolanka Rs 163 million (503,000 shares traded), Sinhaputhra Finance Rs 142 million (4.2 million shares traded), Softlogic Life Insurance Rs 102.6 million (738,000 shares traded) and Softlogic Holdings Rs 68.8 million (953,000 shares traded). During the day 108 million share volumes changed hands in 36000 share transactions.

The index pared early gains thereupon and slipped into negative territory as investors realized quick profits, capitalizing on recent sharp price increases in select heavyweight counters. However, activity continued at moderate levels with daily turnover coming in at a four-month low. The breadth of the market ended negative with 78 price gainers and 121 decliners, market watchers said.

It is said that foreigners recorded a net outflow of Rs. 42 million, while their participation increased marginally to 2.7 per cent of turnover (previous day 2.3 percent). Reportedly, high net worth and institutional investor participation was noted in Royal Ceramics, Softlogic Life Insurance and LOLC Holdings.

Mixed interest was observed in Expolanka Holdings, Vallibel Finance and Sunshine Holdings, while retail interest was noted in SMB Leasing non-voting, Dialog Axiata and Browns Investments. The share price of Vallibel Finance gained Rs. 3.50 to close at Rs. 55.

The Capital Goods sector was the second highest contributor to the market turnover (due to Royal Ceramics), while the sector index increased by 0.06 per cent. The share price of Royal Ceramics recorded a gain of 60 cents to close at Rs. 71.90. Further First Capital Holdings and First Capital Treasuries announced subdivision of shares from one existing share into four new shares.

Yesterday, the US dollar was quoted at Rs 202.52, which was the controlled price of the Central Bank. The Central Bank has imposed a ceiling of Rs 203 per US dollar. However, market sources said that the actual price would be more than Rs 250.



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HNB Assurance Elevates ‘Liya Harasara’ 2026 with Unmatched Benefits to Honor the Spirit of Womanhood

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HNB Assurance PLC launched the 2026 edition of Liya Harasara, its flagship annual initiative dedicated to celebrating and empowering women in line with International Women’s Day. Recognized as one of the most anticipated campaigns of the year, Liya Harasara continues to evolve, delivering meaningful protection and exclusive privileges designed to support women in every stage of life.

This year’s edition introduces the most rewarding benefits in the history of the initiative. Women who sign up for eligible Regular Premium Life Insurance policies will receive a Free Life Cover of up to Rs. 2 Million for one year, along with a Free Critical Illness Benefit of up to Rs. 500,000, providing enhanced financial security and reassurance when it matters most. Additionally, female policyholders are also entitled to pregnancy related hospitalization cash benefit for Life Insurance Policies with in-force Hospitalization Benefit, for a maximum of three days per annum.

Commenting on the significance of this year’s campaign, Lasitha Wimalarathne, Executive Director / CEO of HNB Assurance, stated: “As we mark our 25th year as a trusted life insurer, we wanted Liya Harasara 2026 to reflect the strength of the journey that brought us here. For 25 years, women have been at the heart of our story, as leaders, advisors, customers and changemakers. This special edition is our way of honoring that partnership and reaffirming our commitment to protecting their aspirations for the future. When women progress, families prosper and communities thrive and we are proud to stand by them with meaningful protection and lasting assurance.”

Sharing his thoughts, Dinesh Yogaratnam, Chief Marketing and Customer Experience Officer of HNB Assurance, added, “Liya Harasara has grown into more than just an annual campaign, it is a tribute to the Spirit of Womanhood, to resilience, ambition and strength. The 2026 edition has been thoughtfully enhanced to deliver greater value and deeper impact, ensuring women receive protection that truly supports their ambitions and wellbeing. We remain committed to creating solutions that empower confidence and provide peace of mind, enabling women to focus on achieving their goals without compromise.”

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Seven decades of sartorial excellence: The legacy of Linton Master Tailors in Kandy

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In the 1950s, Linton Wimalasena Udagagedara served as the tailoring instructor at the rehabilitation unit of the Bogambara Prison. Known affectionately by all as “Linton Master,” he laid the foundation for a legacy that would eventually redefine men’s fashion in the hill capital.

In 1958, Linton Master ventured into private business by renting a small shop in Trincomalee Street, Kandy, under the name “Linton Master Tailors.”

Supported by a handful of employees and the unwavering strength of his wife, Srima Alwala, the business began its humble journey. In those early days, Linton Master would travel from Kandy to Pettah, Colombo, walking miles to handpick high-quality fabrics at affordable prices. Though the initial years were a struggle, he never compromised on quality.

Due to his commitment to superior craftsmanship and impeccable finishing, “Linton Master’s Shop” in Trincomalee Street soon became a household name across the Kandy region. By the 1970s, the thriving business moved to Yatinuwara Veediya. As the enterprise grew, Linton Master eventually purchased the rented building and the adjacent premises. In the 1990s, the brand reached its zenith, becoming a hallmark of excellence.

Following the passing of Linton Master in 2009, the business transitioned into a new era. Today, it stands proud at the same familiar location in Yatinuwara Veediya, rebranded as “Linton & Sons Master Tailors.” His legacy is carried forward by his children; while one son manages a printing press and a daughter runs a bridal wear brand under the Linton name, his son Nidarshana Udagagedara has significantly expanded the core tailoring business.

Today, Kandy is home to three main institutions bearing the prestigious Linton brand. Linton & Sons Master Tailors, now employing around 20 skilled professionals, is a nationally recognized name. Known for their international standards, it is said that anyone who gets a full suit tailored at Linton & Sons invariably returns for their second.

The business that once started with fabric handpicked from Pettah now utilizes world-renowned international brands. Linton & Sons is currently the only tailor shop in Kandy that creates garments using prestigious fabrics such as Raymonds, Pacific Gold, Medici, and Macone.

Current Chairman Nidarshana Udagagedara notes that they serve a loyal customer base, with complete groom’s suit packages ranging from Rs. 30,000 to Rs. 90,000. With a highly experienced team, they now offer an exclusive one-day service, allowing customers to have bespoke designs created to their exact specifications in record time.

Spanning seven decades, the Linton lineage, which has brought fame to Kandy, has now successfully expanded from the second generation to the third, ensuring that the master’s stitch continues to define elegance for years to come.

By S.K. Samaranayake

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LANKATILES Captivates Architect 2026 with a Spectacular Celebration of Fine Living

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Overall Best Stall and Best Trade Stall Displaying Local Products awards at Architect 2026

At the prestigious Architect 2026 Exhibition, LANKATILES unveiled an immersive Concept Studio of contemporary design, where every surface spoke in allusive ways of exquisite craftsmanship and architectural vision.

Among a host of outstanding participants, the Concept Studio was recognized with two of the exhibition’s highest accolades: Overall Best Stall and Best Trade Stall Displaying Local Products. This is a resounding testament to five decades of trust, quality, and innovation.

The Concept Studio was thoughtfully zoned to evoke the ambiance of curated interiors and sophisticated entryways, unveiling the latest designs introduced to the market. Visitors were guided through a seamless spatial journey, beginning with the Living Zone, where expansive surfaces harmonized durability with refined design to elevate everyday living. The Kitchen Ambience Zone presented a contemporary culinary environment enriched with elegant finishes, demonstrating how functionality and elevated aesthetics coexist in modern homes.

The experience continued into the Bedroom Zone, an intimate and serene setting curated with soothing palettes and luxurious surfaces to create a tranquil retreat defined by comfort and understated elegance. Complementing this was the Bathware Zone — a sanctuary of calm showcasing precision-crafted porcelain surfaces that seamlessly blended purity of form with superior performance, redefining modern bathroom sophistication.

Extending beyond interiors, the Poolside Zone highlighted elegant outdoor settings framed by resilient, high-performance tiles, where aesthetic excellence met enduring strength in expressive interpretations of contemporary luxury. Featuring the latest Mosaic designs alongside the grand large-format tile series, Majestica, each zone illustrated how LANKATILES transforms raw materials into architectural poetry, reinforcing its leadership in innovation and design excellence.

Another defining feature of the Concept Studio was the AI-powered Tile Visualizer; an advanced digital interface designed to offer architects and homeowners an intelligent and immersive visualization experience that redefines the way interiors are selected and conceptualized. Within minutes, users can upload an image of their dream space and instantly explore precisely matched tile designs and colour palettes tailored to their aesthetic preferences.

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