Business
Treasury Bill rate hike taking toll on stock trading
CSE trading reported a further drop yesterday due to an increase in Treasury Bill rates apart from other negative factors, including the war situation in West Asia and the depreciation trends in the local rupee, market analysts said.
Amid those developments both indices moved downward. The All Share Price Index went down by 191.45 points, while the S and P SL20 declined by 46.11 points.
Turnover stood at Rs 1.66 billion with 7 crossings. Those crossings were; JKH crossed 12 million shares to the tune of Rs 235 million and its shares traded at Rs 19.50, Sunshine Holdings 2 million shares crossed to the tune of Rs 57 million; its shares traded at Rs 28.50, Digital Mobility Solutions 197,000 shares crossed for Rs 31 million; its shares sold at Rs 158.50.
Hemas Holdings 1 million shares crossed to the tune of Rs 31 million; its shares traded at Rs 30, EML 2.5 million shares crossed for Rs 30 million and its shares sold at Rs 9.50 and Dialog Axiata 500,000 shares crossed for Rs 24 million; its shares sold at Rs 44.
In the retail market top seven companies that mainly contributed to the turnover were; Sampath Bank Rs 198 million (1.4 million shares traded), JKH Rs 57 million (2.9 million shares traded), Commercial Bank Rs 57 million (285,000 shares traded), HNB Finance (Right Issue) Rs 54 million (70.2 million shares traded), Prime Lands Residencies Rs 38 million (987,000 shares traded), Brown’s Investments Rs 32 million(5.7 million shares traded) and HNB (Non-Voting) Rs 30 million (920,000 shares traded). During the day 86.4 million share volumes changed hands in 22534 transactions.
It is said that manufacturing sector counters, especially JKH, led the market while banking sector, especially Sampath, performed well. Further the real estate sector stocks, especially Prime Lands, also performed well.
Yesterday the rupee was quoted at Rs 333.00/335.00 to the US dollar in the spot market on Thursday, from 332.25/75 the previous day, dealers said, while the secondary bond market was quiet ahead of the auction.
An auction of Rs 150,000 million Treasury bonds is scheduled.
The telegraphic transfer rate for Sri Lanka’s rupee against the US dollar was Rs 328.00 buying, Rs 337.00 selling; the euro was Rs 376.4077 selling, Rs 390.3247 buying; and the pound was Rs 437.9428 buying, Rs 451.9884 selling.
By Hiran H Senewiratne
Business
USD 40.84m pipeline to secure aviation fuel supplies to BIA
By Ifham Nizam
The government has cleared a USD 40.84 million and Rs. 8,548.75 million contract to build a dedicated aviation fuel pipeline from Muthurajawela to Bandaranaike International Airport (BIA), alongside a massive new fuel storage facility with a capacity of 92,000 cubic metres.
Energy Minister Anura Karunatilaka said the project represented a major investment in strengthening the infrastructure underpinning Sri Lanka’s aviation fuel supply and ensuring more reliable fuel availability at the country’s main international airport.
‘This project will provide the infrastructure required to strengthen the reliability and continuity of aviation fuel supplies to Bandaranaike International Airport, Karunatilaka said.
The contract has been awarded to China Petroleum Pipeline Engineering Company Limited, following an international competitive procurement process in which three bids were received.
The project will see a new aviation fuel storage tank complex constructed at Muthurajawela, together with the associated infrastructure required for handling and transferring aviation fuel.
Business
CSE activity up, turnover weak at Rs. 1.4 billion
By Hiran H Senewiratne
Trading activity on the Colombo Stock Exchange (CSE) gathered pace yesterday as global fuel prices began to show signs of easing, according to market analysts.In this context, both indices moved upwards. All Share Price Index up by 67.97 points while S and P SL20 up by 8.30 points.
Turnover stood at Rs 1.4 billion with seven crossings. Those crossings were reported in Sampath Bank 1.7 million shares crossed to the tune of Rs 238 million and its share price traded at Rs 140, Access Engineering two million shares crossed to the tune of Rs 159 million and its share price traded at Rs 79.50, LOLC one million shares crossed to the tune of Rs 129 million and its share price traded at Rs 129, HNB 100,000 shares crossed to the tune of Rs 38.4 million and its share price traded at Rs 384, JKH 1.9 million shares crossed to the tune of Rs 35 million and its share price traded at Rs 18.60, Hayleys 100,000 shares crossed to the tune of Rs 22.50 million and its share price traded at Rs 225 and Richard Pieris 847,000 shares crossed to the tune of Rs 22 million and its share price traded at Rs 25.50.
In the retail market top seven companies that have mainly contributed to the turnover were Sampath Bank Rs 114 million (813,000 shares traded), JKH Rs 100 million (5.3 million shares traded) LB Finance Rs 49 million (325,000 shares traded), HNB Finance Rs 30 million (27 million shares traded), HNB Rs 27 million (70000 shares traded), NTB Rs 25 million (82000 shares traded ) and Lanka IOC Rs 21 million (666,000 shares traded). During the day 65 million shares volumes changed hands in 10433 transactions.
The Banking and manufacturing sector counters performed well. In the banking sector Sampath Bank let the market while manufacturing sector especially JKH also significantly performed well. With the fuel revision Land IOC also a significant stock at the floor.
Meanwhile, First Capital Treasuries said that Ramesh Schaffter resigned as a Non-Independent Non-Executive Director with effect from October 1, to facilitate the restructuring of the company’s board.
Yesterday the Central Bank announced the US Dollar rate as against rupee. The rupee was quoted flat at Rs 330.65/80 to the US dollar in the spot market , while bond yields dropped, dealers said.
Business
CDB Launches Private Wealth Proposition with World Mastercard Metal Credit Card
Citizens Development Business Finance PLC (CDB), officially launched its CDB Private Wealth proposition at the CDB September Monthly Medal 2026, held on 11 and 12 September at the Royal Colombo Golf Club (RCGC). The launch marked an important milestone in CDB’s journey to deliver an elevated financial and lifestyle experience for affluent and high-net-worth customers.
Taking centre stage was the exclusive CDB Private Wealth World Mastercard White Metal Credit Card, designed specifically for CDB Private Wealth customers. Combining global acceptance with a range of carefully curated travel and lifestyle privileges, the card reflects the premium positioning of the new proposition.
In a landmark moment, the first card was presented to RCGC Captain and former Sri Lanka cricket captain Mahela Jayawardene by CDB Managing Director and Chief Executive Officer Mahesh Nanayakkara.
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