Company filings, disclosures and news on Industrial Asphalts (Ceylon) PLC (ASPH), Construction Materials on the Colombo Stock Exchange.
Colombo Stock Exchange opened higher: ASPI +0.12% (21,109.70), S&P SL20 +0.23% (5,960.94); turnover Rs147.41m, materials led Rs35.96m. Movers included Commercial Bank, Hemas and Industrial Asphalts up, ACL Cables and Haycarb down; People's Leasing debenture was oversubscribed and Colombo Dockyard disclosed director trades.
Colombo Stock Exchange opened marginally higher: ASPI rose 14.13 points to 21,070.39 and the S&P SL20 gained 0.11% to 5,935.33, with turnover of LKR 9.97m. Notable movers included Industrial Asphalts (+16.7%), Prime Lands, Dialog, Haycarb and NDB; SMB Finance and Commercial Bank fell; Softlogic Finance announced a LKR 1.002bn rights issue and Aitken Spence Hotel Holdings proposed up to LKR 5bn debenture issue.
The SEC has blocked completion of the mandatory offer for Industrial Asphalts (ASPH.N0000) by refusing to approve an executive director's share transfer until the company is removed from the CSE Watch List. Offerors had valid acceptances of 1,880,693,010 shares (50.16%), but completion is stalled due to IAC's non-submission of its FY2026 annual report.
Colombo Stock Exchange closed lower, with the ASPI down 0.24% (51.79 pts) at 21,262.13 on Rs2.23 billion turnover. SMB Finance, Watawala, Sampath Bank and Lion Brewery were top positive contributors while Dialog, Melstacorp and Commercial Bank led declines; a mandatory offer for Industrial Asphalts fell through after the SEC refused a share transfer due to the company being on the CSE watchlist.
Industrial Asphalts' planned buyout collapsed after the SEC refused to approve a share transfer because the company was placed on the CSE Watch List for failing to file its annual report; the joint offer had acceptances of 1,880,693,010 shares (50.16%). IAC shares fell 14.29% to Rs 0.60.
Colombo Stock Exchange indices fell on Friday, with the ASPI down 0.23% (48.25 points) to 21,309.49 and the S&P SL20 down 0.03% to 6,002.36 on turnover of Rs221.65 million. Top negatives included Melstacorp, Sampath Bank, Royal Ceramics and Ceylon Tobacco; Ramboda Falls announced a Rs0.50 interim dividend (XD Sept 21).
Colombo Stock Exchange traded mixed midday with the ASPI down 0.07% (14.27 points) at 21,304.04 and the S&P SL20 up 0.09% at 5,991.70; market turnover was LKR 466.2m, led by banks at LKR 179.15m. SANASA Life Insurance said its debt securities will remain on the Watch List after a qualified audit opinion and is planning an equity raise to restore its credit rating within 15 months.
Colombo Stock Exchange was higher at midday: ASPI up 0.20% (43.29 pts) to 21,322.94 and S&P SL20 up 0.31% to 6,013.18, with turnover Rs 347m and Capital Goods leading at Rs 93.7m. Separately, Arcasia and ATX converted a voluntary offer to a mandatory offer for Industrial Asphalts after acceptances totalling 1,880,693,010 shares (50.16%).
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