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Bourse indices move upward as profit-takings become notable in HNB and Combank stocks

The Island

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August 28, 2025

CSE trading kicked off on a positive note yesterday but profittakings were soon noted in several banks, especially HNB and Commercial Bank.

- By Hiran H SENEWIRATNE

Bourse indices move upward as profit-takings become notable in HNB and Combank stocks

Amid those developments both indices moved upwards. The All Share Price Index went up by 139 points while S and P SL20 rose by 19.9 points.

Turnover stood at Rs 7.39 billion with 17 crossings. Of 17 crossings, top crossings were reported in LOLC, which crossed 650,000 shares to the tune of Rs 357.5 million and its shares traded at Rs 550, Union Bank 25.2 million shares crossed for Rs 357.3 million; its shares traded at 14.20, Asia Siyaka 20 million shares crossed for Rs 160 million; its shares traded at Rs 8.

The Island'den DAHA FAZLA HİKAYE

The Island

Property tax: a new tax Sri Lanka is going to be introduced in 2027

Expanded budget deficits and continuous borrowing by successive governments pushed the Sri Lankan economy into a recession. These heavy borrowings placed a significant burden on the shoulders of today’s citizens. The previous government was compelled to seek assistance from the IMF to revive the economy, which led to increased tax rates, a broader tax base, and the introduction of new taxes. The present NPP government has introduced some tax revisions.

time to read

10 mins

September 19, 2025

The Island

The Island

Maliban powers Sri Lanka under 19 women's team and Sri Lanka vs Australia women's under 19 series

Maliban, one of Sri Lanka's most respected and enduring brands has been welcomed by Sri Lanka Cricket (SLC) as the Sri Lanka Under 19 Women's Team sponsor for the forthcoming Australia Women's Under 19 tour of Sri Lanka. and the title sponsor for the tour.

time to read

1 min

September 19, 2025

The Island

India's partnership with European Union set for upgrade

The European Union (EU), comprising 27 countries, has set out a plan to upgrade its strategic ties with India. But it also warned that India's military exercises with Russia and its purchase of Russian oil are risks to the growing strategic ties between Brussels and New Delhi.

time to read

3 mins

September 19, 2025

The Island

Cabinet clears $100m ADB loan for tourism drive

Cabinet has approved the signing of a loan agreement with the Asian Development Bank (ADB) to implement a sustainable tourism development programme.

time to read

1 min

September 19, 2025

The Island

How to pick right coffee machine

Plenty of us say everything is better with coffee

time to read

2 mins

September 19, 2025

The Island

Several high-profile arrests on the cards after interrogation of Manamperi

Several high-profile arrests were expected following the interrogation of Sampath Manamperi, accused of concealing two containers of raw materials allegedly used in producing crystal methamphetamine and linked to underworld figure Kehelbaddara Padme, senior police sources said yesterday.

time to read

1 min

September 19, 2025

The Island

Halloluwa granted bail

The Colombo Magistrate's Court yesterday granted bail to former Director of the National Lotteries Board, Thusitha Halloluwa, who was in remand custody.

time to read

1 min

September 19, 2025

The Island

Govt. and CEB unions heading for showdown

The Electricity Board (CEB) trade unions yesterday said they would not yield to threats from President Anura Kumara Dissanayake or government ministers.

time to read

1 mins

September 19, 2025

The Island

The Island

Dialog Finance’s Lesi Pay Launches Sri Lanka’s First End-to-End Smartphone Financing - with Doorstep Delivery, Phone Upgrade & Protection

Dialog Finance PLC, Sri Lanka’s emerging Fintech leader has announced the launch of three landmark service features under its Lesi Pay device financing model - introduced for the first time in Sri Lanka.

time to read

1 mins

September 19, 2025

The Island

AIA Insurance Platinum Sponsor of WCIC Prathibhabhishek Awards for third consecutive year

AIA Insurance is proud to announce its continued partnership with the Women’s Chamber of Industry and Commerce (WCIC) as the Platinum Sponsor of the WCIC Prathibhabhishek Awards 2025, marking the third consecutive year of this meaningful collaboration.

time to read

1 min

September 19, 2025

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