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Thirteen crossings emerge as a redeeming feature of CSE trading

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CSE trading kicked off on a positive note initially yesterday due to favourable profit-earnings by companies but later due to profit-takings the All Share Price Index showed a downward trend and later ended with mixed reactions.

Amid those developments, the All Share Price Index went down by 47.70 points, while the S and P SL20 went up by 2.61 points.

Turnover stood at Rs 6.31 billion with 13 crossings. The top seven crossings were: CIC Holdings’ 25 million shares crossed for Rs 877 million; its shares traded at Rs 35, Lanka Milk Food 6.1 million shares crossed for Rs 430 million; its shares traded at Rs 70.50, Melstacorp 1.95 million shares crossed for Rs 351 million; its shares traded at Rs 188.50, Hemas Holdings 5.9 million shares crossed for Rs 210 million; its shares sold at Rs 34.50, Hayleys 3 million shares crossed to the tune of Rs 118 million; its shares sold at Rs 39.40, HNB 200,000 shares crossed for Rs 85.8 million; its shares sold at Rs 429 and Royal Ceramics one million shares crossed for Rs 51.7 million and; its shares traded at Rs 51.60.

In the retail market top seven companies that mainly contributed to the turnover were; Lanka Milk Food Rs 427 million (5.5 million shares traded), TJ Lanka Rs 185.5 million (4.8 million shares traded), Renuka Agri Rs 171 million (124 million shares traded), SMB Finance Rs 131 million (124 million shares traded), Renuka Foods Rs118.7 million (1.6 million shares traded), Sampath Bank Rs 117.2 million (751,900 shares traded) and Seylan Bank Rs 117 million (one million shares traded). During the day 351 million share volumes changed hands in 43861 transactions.

It is said that mixed reactions were noted throughout the day. The banking and manufacturing sector performed well. In the banking sector HNB,Sampath Bank and Seylan Bank performed well. In the manufacturing sector CIC and TJ Lanka performed well.

Yesterday the rupee was quoted at Rs 309.38/42 to the US dollar in the spot market Monday, from 309.35/45 Friday, dealers said, while a bond settled on the 2029 tenors opened lower with the rest of the yield curve intact.

By Hiran H Senewiratne



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Business

Israeli attack on Lebanon triggers local stock market volatility

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Initially CSE trading was somewhat volatile despite the ceasefire in West Asia but it experienced further volatility after Israel attacked Lebanon yesterday.

However, the IMF delegation which is now in Sri Lanka to release two tranches of its relief package created some positive sentiments for the market, analysts said.

The All Share Price Index went down by 73.06 points, while the S and P SL20 rose by 10.57 points.

Turnover stood at Rs 2.96 billion with six crossings. Those crossings were: JKH 5.5 million shares crossed to the tune of Rs 807.6 million and its shares traded at Rs 19.70, CIC Holdings two million shares crossed for Rs 54 million; its shares traded at Rs 32, Access Engineering 600,000 shares crossed for Rs 44.4 million; its shares traded at Rs 74, Central Finance 116,000 shares crossed to the tune of Rs 27.5 million ; its shares sold at Rs 237, LMF 250,000 shares crossed for Rs 22.8 million; its shares fetched Rs 91.10 and Kelani Cables 200,000 shares crossed for Rs 21 million and its shares traded at Rs 105.

In the retail market seven companies that mainly contributed to the turnover were; Dialog Rs237 million (7.5 million shares traded), LMF Rs 203 million (22 million shares traded), Colombo Dockyard Rs 199.7 million (1.1 million shares traded), HBA Foods Rs 163 million (18.5 million shares traded), JKH Rs 156 million (7.8 million shares traded), JKH Rs 156 million (7.8 million shares traded), Softlogic Holdings Rs 117 million (9.6 million shares traded) and Acme Printers Rs 107 million (15.6 million shares traded). During the day 133.3 million share volumes changed hands in 23666 transactions.

It is said that manufacturing sector counters, like JKH, performed well, while food sector counters, especially LMF and HBA Foods, performed well. Other sectors too performed somewhat well during the day.

Yesterday the rupee was quoted a Rs 315.42/48 to the US dollar in the spot market from 315.30/40 the previous day, dealers said, while bond yields were quoted higher.

By Hiran H. Senewiratne

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HNB Assurance marks 25 years with strategic transformation to ‘HNB Life’

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Highlights from the new brand reveal as HNB Assurance transforms into HNB Life

Marking 25 years of trust, growth, and service excellence, HNB Assurance PLC has unveiled its new corporate identity, transitioning to HNB Life PLC a strategic evolution that reflects the company’s forward-looking vision and commitment to empowering lives with protection and the freedom to thrive, no matter where life takes them.

This milestone signifies more than a change in name or visual identity. It represents a deliberate transformation shaped by strong performance over the past few years, during which the company has achieved remarkable growth, strengthened its market position and enhanced its customer-centric capabilities.

The newly introduced logo, inspired by the form of a wing, symbolises HNB Life’s role as a proactive enabler. It reflects the organisation’s commitment to supporting individuals in navigating life’s journey with confidence, empowering them to pursue their aspirations and live life on their own terms.

The official unveiling took place at a launch event attended by key stakeholders, strategic business partners, well-wishers and employees.

Addressing the gathering, Chairman, Stuart Chapman highlighted the significance of this transformation, stating, “As we mark 25 years of progress, the transition to HNB Life reflects our strategic intent to evolve with the changing needs of our customers and the broader market. This new identity embodies our purpose, to enable and empower individuals to achieve what they truly aspire to in life, with confidence and security. As a company we are extremely excited on what the future holds for as, as we build on an incredible foundation laid over the past two and a half decades.”

The new Vision of the Company is “To be the leader in empowering lives with protection and freedom to thrive, no matter where life takes them”.

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Fairfax Financial Holdings empowers Sri Lanka’s children

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Back to School Project 2026 Supporting Flood-Affected Students

As Sri Lanka continues to recover from the recent cyclone and widespread flooding, a meaningful example of corporate purpose in action has taken shape through the Back to School Project 2026. Delivered in partnership with the Rotary Club of Colombo Port City, the initiative was funded by The Sixty Three Foundation via Fairfax Financial Holdings Ltd., and supported on the ground by Fairfirst Insurance, which coordinated implementation on behalf of its parent company.

Guided by the belief that business can be a force for good, Fairfax Financial stepped forward to support children whose education was at risk due to disaster-related losses. With an investment of approximately LKR 14 million, the project delivered essential educational supplies to more than 1,300 schoolchildren across the Central, North Central and Uva Provinces, among the areas most affected by the floods.

Each student received a complete school starter pack, including government-approved exercise books and stationery, a school bag and a shoe voucher. This practical support helped remove immediate barriers to classroom attendance and learning, while easing the financial strain on families still recovering from flood damage. The programme was carried out through close collaboration among the partners, ensuring structured on-the-ground execution and accountable distribution across rural and underserved school communities.

Commenting on the initiative, Fairfirst Insurance Chief Executive Officer Ravishankar Wickneswaran said: “We are proud to be part of a group that lives its values through meaningful action. Supporting this Fairfax-funded initiative has been deeply meaningful for all of us at Fairfirst. Education must continue regardless of circumstance. When children return to school prepared and confident, it restores not only learning but hope for a brighter future for both the children and the country.”

Beyond immediate relief, the project reflects a practical and people-focused investment in continuity, dignity and opportunity, demonstrating how responsible corporate support can create meaningful social impact.

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