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Central Finance Company PLC is one of the oldest non-bank financial institutions (NBFIs) in Sri Lanka having founded in 1957. The company is listed on the Colombo Stock Exchange in 1969. Brand Finance ranked the company the 28th most valuable brand in Sri Lanka for the year 2021. [2]
The company ranked 41st in LMD 100, an annual list of leading listed companies in Sri Lanka. [2] The company also ranked 31st in Business Today's Top 40 for 2020–21 financial year. [ 3 ]
On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. [2] Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees. All share price index surpassed 8000 points for the first as a result.
President of France Emmanuel Macron visits Sri Lanka during a series of visits to the South Pacific Region. It is the first instance in history where a French president has visited the country. [81] The Ministry of Sports and Youth Affairs suspends the registration of the Sri Lanka Karate-Do Federation with a Special Gazette notification. [82]
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It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Union Assurance is ranked 54th in LMD 100, an annual list of publicly traded companies in Sri Lanka ranked by revenue, in its 2020/21 edition. [8] Union Assurance is placed 51st amongst the most valuable brands in Sri Lanka. The brand value grew by 10.5% in 2022 to LKR1,982 million according to Brand Finance. [9]