Company filings and market news from across Sri Lanka's stock market.
Colombo's ASPI rose about 6 points to 12,171 as turnover was Rs.1.4bn, led by Commercial Bank, Hayleys and John Keells. Hayleys (+4.5%) and John Keells (+2.5%) were major index movers while banking counters saw profit-taking (Sampath down) and foreigners net sold Rs.21.4m.
Colombo Stock Exchange closed higher: ASPI rose 0.92% to 12,164 and S&P SL20 gained 1.34% to 3,590, led by banking stocks which accounted for Rs 1.4bn of turnover; top contributors included C T Holdings, Sampath Bank, John Keells and Commercial Bank.
Cable Solutions (CSLK.N0000), a subsidiary of ACL Cables (ACL.N0000), said it has begun supplying cables to the UK and is targeting US operations of a multinational, and reported a gross profit of 761,562,327 for FY2023/24 (down from 1,084,425,516). The company has invested in a new 80-50 extrusion line to boost efficiency and plans to expand marketing in Europe, the US and renewable energy markets.
Colombo bourse closed mixed: ASPI fell about 12 points to 11,482 while the S&P SL20 gained 2.6 points on turnover of Rs. 547 million, led by Sampath Bank (Rs.112m); banking stocks dominated turnover (32%) while front-line counters showed mixed performance.
Dividend · Rs 1.25 · XD Aug 30, 2024
First Interim dividend of LKR 1.25/share; XD 2024-08-30; record 2024-09-01; payable 2024-09-20; FY 2023/2024
Cable Solutions PLC (CSLK) will begin trading on the CSE Diri Savi Board on 14 Aug 2024 after an IPO that raised LKR 109,999,500 and was oversubscribed. The company is a subsidiary of ACL Cables PLC and exported 94% of its LKR 3.3bn FY2023 revenue; IPO proceeds will fund machinery (81.8%) and working capital (18.2%).
Cable Solutions Ltd. (CSLK) will begin public trading on the CSE Diri Savi Board on 14 August after an IPO that raised Rs. 109,999,500 and was oversubscribed; proceeds will fund new machinery (81.8%) and working capital (18.2%).
Colombo Stock Exchange fell: All Share Index down 1.67% to 11,251 and S&P SL20 down 2.30% to 3,214, with turnover Rs.863 million and net foreign inflow Rs.8.9 million. Market participants cited election speculation hurting sentiment despite positive IMF and fiscal signals; foreign buying was seen on ACL and Chevron Lubricants, while Nations Trust and LOLC saw foreign selling.