Connect with us

Business

Shares move from marginally down position in mid-day trade to red territory as day proceeds

Published

on

By Hiran H. Senewiratne

Shares were marginally down in mid-day trade yesterday but later the market moved to red territory with a below the average turnover level. Consequently, both indices moved downwards, market analysts said.

The main All Share Price Index was down 0.81 88.4 points, while the S&P SL20 was down by 33.7 points. Turnover stood at Rs 900 million with two crossings. Those crossings were reported in Melstacope, which crossed 2 million shares to the tune of Rs 174 million; its shares traded at Rs 87 and Hemas Holdings 305,000 shares crossed for Rs 24.4 million, its shares sold at Rs 80.

In the retail market, the top seven companies that mainly contributed to the turnover were; JKH Rs 34 million (182,000 shares traded), HNB Rs 32.3 million (189,000 shares traded), Melstacope Rs 31.1 million (357,000 shares traded), Sampath Bank Rs 28.2 million (412,000 shares traded), Pan Asia Bank Rs 26.8 million (1.3 million shares traded), Ceylinco Insurance Rs 22.4 million (260,000 shares traded) and Tokyo Cement (Voting) Rs 20.6 million (368,000 shares traded). During the day 31.8 million share volumes changed hands in 11000 transactions.

It is said high net worth and institutional investor participation was noted in Sampath Bank. Mixed interest was observed in Tokyo Cement Company, Expolanka Holdings and Capital Alliance, while retail interest was noted in Browns Investments, Kingsbury and Agstar.

The Materials sector was the top contributor to the market turnover (due to Tokyo Cement Company) while the sector index lost 1.74 percent. The shares of Tokyo Cement Company lost Rs. 1.50 to settle at Rs. 55.70.

The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank), whie the sector index decreased by 1.09 percent. The share price of Sampath Bank decreased by 80 cents to reach Rs. 69.80.

Yesterday, the rupee opened at Rs 324.00/75 to the US dollar after closing on Monday at Rs 324.00/50 to the US dollar, dealers said.

Bond yields were up. A bond maturing on 01.08.2026 was quoted up at 14.75/90 percent from 14.20/14.40 percent. A bond maturing on 15.09.2027 was quoted up at 14.25/50 percent from 14.10/30 percent from Friday. A bond maturing on 01.05.2028 was quoted up at 13.80/14.20 percent from 13.75/85 percent.



Business

Dr Asanka Senanayake named most popular dentist at BWIO Awards

Published

on

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.

Continue Reading

Business

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

Published

on

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.

Continue Reading

Business

ComBank and Senok unveil special offers on construction machinery and equipment

Published

on

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.

Continue Reading

Trending