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CSE down as Mid-East tensions rage on; indices decline

1 week ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

The CSE activities continued to be down yesterday due to growing tensions in the West Asian region, where military clashes between Iran and Israel have prompted concern about potential damage and disruption to the region’s important oil and gas fields and infrastructure. Amid those developments both indices moved downwards. The All Share Price Index went down by 238 points while the S and P SL20 went down by 65.31 points. Turnover stood at Rs 3.9 billion with nine crossings.
Cumbrous Conscience

2 weeks ago | island.lk | Sahan Weerasooriya |Lynn Ockersz

The lights are out in the factory,Human activity is petering out…Solemn workers are heading home,To dying hearths and mourning wives,Today being their last day at work,But the flabby Captain of Business,Who thus far called the shots,Is making good his escape,Amid the Law’s shrill silence,His sleek taxi roaring airport-bound,But the weight on his conscience,Is as cumbrous as his mounting luggage.
Notable retail and investor participation in bourse as ASPI hits all-time high

3 weeks ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

SriLankan Airlines, long a subject of national debate and a significant drain on public funds, appears to be charting a new course. In a move signaling a potential turnaround for the embattled national carrier, a newly acquired Airbus A330-200 landed at Bandaranaike International Airport yesterday, fresh from Paris.
Low monetary policy stance drives bullish all-time CSE high

3 weeks ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

The CSE hit a bullish all-time high yesterday due to the low monetary policy stance and conducive macro- economic policy conditions prevailing in the country, market analysts said. Both indices moved upwards. The All Share Price Index moved up by 234.5 points, while S and P SL20 rose by 108.5 points. Turnover stood at Rs 7.3 billion with 12 crossings.
CSE lands in green territory following bullish uptick due to profit takings

1 month ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

The year under review has been a pivotal one for the Group, marked by bold investments coming to fruition with the successful launch of two of the Group’s most ambitious and largest investments to date – City of Dreams Sri Lanka and the West Container Terminal (WCT-1) at the Port of Colombo. These landmark developments represent transformative opportunities, poised to serve as catalysts for economic growth, reinforcing Sri Lanka’s position as a logistics and leisure hub in the region.
First Indian Ocean Summit in Colombo to drive sustainable marine tourism – The Island

1 month ago | island.lk

In a landmark initiative poised to reshape the regional marine tourism and conservation landscape, the first-ever Indian Ocean Summit will be held in Colombo on June 7, 2025, coinciding with World Oceans Day. Organised by the Indian Ocean Divers Association (IODA) in collaboration with the Chamber of Marine Industries Sri Lanka (CMISL), the summit marks […]
Bread, Guns and Five-Year Plans

1 month ago | island.lk | Sahan Weerasooriya |Lynn Ockersz

When Bread and work were hard to get, In those early days of the seventies decade, Angry young men rose in violent revolt, Seeking better times at gun point, Marking the restless Isle’s modern entry, To decades-long barbaric bloodshed, But the Old Left at the helm, to be fair, Was not helpless and bereft of thought, For it came out with a Five Year Plan, That spelled out steps to economic revival, And though the Plan proved a damp squib, It was evidence that National Planning was alive, And...
HNB crossing has transformative, green impact on share market

1 month ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

One of Sri Lanka’s fastest growing finance companies, Mahindra Ideal Finance Limited (MIFL), posted robust top and bottom-line performance for the financial year ended 31 March 2025. Backed by strong demand across its lending segments and disciplined cost management initiatives, the Company posted a Profit after tax (PAT) of Rs. 146 million in FY25, an increase of 41% over FY24.
Stock investors agonizing over fallout from possible electricity tariff hike

1 month ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

CSE activities were marginally up yesterday but were nowhere near bullish because local and foreign investors are continuing to be concerned about the possible fallout from the IMF recommendation on hiking electricity tariffs. Besides there are no positive macroeconomic trends that would enable the stock market to move forward, market analysts said. Amid those developments both indices moved upwards marginally with a satisfactory turnover level.
Low interest rate regime propels bourse to green territory

1 month ago | island.lk | Thilina Walpola |Hiran H.Senewiratne

The CSE was bullish and reflected an upward trend despite some mild volatility yesterday. The low interest regime and satisfactory quarterly results moved the market to green territory, market analysts said. Amid those developments both indices moved upwards. The All Share Price Index up by 31.49 points while S and P SL20 rose by 0.44 points. Turnover stood at Rs 3.7 billion with eleven crossings.