Carson Cumberbatch (CARS.N0000) and Bukit Darah (BUKI.N0000) disclosed that Goodhope Asia has about 5,877 ha of planted and 6,275 ha of unplanted land affected by Indonesia’s new palm-oil spatial planning and forest-area repossession regulations. Affected lands were transferred to state-owned PT ASN, operations are continuing and no financial impact has yet been determined.
EconomyNext·Oct 30, 2025·Regulatory or legalNegative
Carson Cumberbatch said new Indonesian forest laws have impacted 12,152 hectares linked to its group companies (about 5,877 ha planted and 6,275 ha unplanted). A state task force has repossessed lands and transferred them to PT Agrinas Palma Nusantara, which is in talks over plantation management; no current ban on activities.
Colombo market rebounded with the ASPI up 0.35% to 22,174.74 and turnover of Rs.13.3 billion amid upbeat sentiment after the IMF's positive review; the banking sector led turnover (48%) and Commercial Bank, DIMO, Bukit Darah, Carson and Wind were among top contributors.
IMF staff-level agreement gives Sri Lanka access to about US$347m and Colombo stocks closed higher; the ASPI rose 0.51% to 22,209.83. Turnover was Rs 13.3bn led by banks and diversified financials, with top contributors Commercial Bank, DIMO, Bukit Darah, Carson Cumberbatch and WindForce.
Colombo market dipped as ASPI fell 0.3% and S&P SL20 fell 0.4% on turnover of Rs.7.3bn, with foreign investors net sellers of Rs.196.2m. Banking counters and conglomerates saw profit-taking while food retail and capital goods recorded high turnover and mixed price moves.
Colombo Stock Exchange closed down after 15 consecutive days of gains, with the All Share down 0.29% at 22,097.99 and the S&P SL20 down 0.46% at 6,163.22; turnover was Rs 7.32bn and banks led activity. Top contributors included Bukit Darah, Sunshine Holdings, Dialog Axiata, Commercial Bank and Carson Cumberbatch.
Daily FT·Oct 3, 2025·Award or certificationPositive
Hayleys tops the LMD 100 rankings for FY2024/25 with consolidated revenue exceeding Rs. 492 billion. LOLC Holdings and Carson Cumberbatch are second and third (nearly Rs. 340bn and over Rs. 323bn), while Commercial Bank leads profitability with PAT over Rs. 55bn; Browns and HNB follow.
Colombo stock market opened the week higher as the ASPI rose 0.36% (77.31 pts) to 21,676.20, led by plantation counters and conglomerates; turnover was about Rs.4.2bn and foreigners were net sellers of Rs.15.6m.
Colombo stocks rose on Monday with the ASPI up 0.36% (77.31 points) as retail buying lifted plantation and some manufacturing shares; top contributors included Carson Cumberbatch, Melstacorp, John Keells, Namunukula and Watawala.
Ten corporates, including SPEN.N0000, LOLC.N0000, CARS.N0000, SUN.N0000, PKME.N0000 and DIMO.N0000, sponsored the Daily FT-CICRA 11th Annual Cyber Security Summit to provide cybersecurity training to over 100 state university students.
Colombo Stock Exchange closed lower; ASPI fell 0.41% to 20,905.83 and S&P SL20 fell 0.82% to 5,955.36. Laugfs-related buying lifted several stocks (not in shortlist) while Windforce, C T Holdings, Hayleys and Carson Cumberbatch rose and most banks including HNB, Commercial Bank and DFCC lost ground.
Colombo market closed marginally up as the ASPI rose 0.2% (47 points) on turnover of Rs.7.46 bn while the S&P SL20 fell 0.2%. Dialog, Ambeon, Bukit Darah, Carson Cumberbatch and LOLC led gains, with EB Creasy, Sierra Cables, LVL Energy Fund and Raigam Wayamba also active and recording price gains.
Colombo ASPI rose 0.23% to 20,800.26 while the S&P SL20 fell 0.27% to 6,045.77. Alliance Finance said it will raise Rs1.5bn via listed unsecured subordinated bonds; Ambeon and Bukit Darah gained while Carson Cumberbatch fell.
Colombo Stock Exchange hit a record as the ASPI rose 139.82 points to close at 20,753.21. Turnover was Rs. 7.39 billion with domestic investors accounting for Rs. 6.98 billion while foreign sales exceeded purchases.
Colombo market ended a five-day rally as ASPI fell 0.32% (down 66.29 pts) to 20,649.20 and S&P SL20 declined 0.31% to 6,089.84 as investors booked profits. Banking stocks (Commercial Bank, DFCC) and conglomerates (Ceylinco Holdings, Carson Cumberbatch, Melstacorp) weighed on the drop.
The Colombo Stock Exchange ASPI fell 0.32% (66.29 pts) to 20,649.20, weighed down by declines in Ceylinco Holdings, Commercial Bank, Carson Cumberbatch and Melstacorp while DFCC Bank rose. Turnover fell to 5.1 billion and share volume was 181,232,722.
ASPI rose 100.55 pts to 20,571 and the S&P SL20 topped 6,000 as turnover hit Rs.10.8–10.9bn, led by banking stocks; key contributors included Commercial Bank, Hatton National Bank, Carson Cumberbatch, Sampath Bank and Bukit Darah, while Digital Mobility Solutions also saw heavy trading.
Colombo Stock Exchange ASPI rose 0.49% to 20,571.07, led by gains in Commercial Bank (up LKR 7.75 to 197.50), HNB (up LKR 13.50 to 399.00), Carson Cumberbatch (up LKR 102.25 to 848.25) and Sampath Bank (up LKR 2.25 to 145.00). Turnover rose to LKR 10.8 billion with volume 234,578,423.
Colombo bourse rose 252.16 points (1.25%) as ASPI closed at 20,471 with turnover Rs.7.74bn; banking sector led turnover (28%) and top contributors included COMB, CARS, MELS, JKH and DFCC, while some stocks (e.g. PKME) fell.
Colombo ASPI rose 1.25% (252.16 pts) to 20,470.52 on Monday, led by gains in the banking sector. Commercial Bank (+Rs7.75 to Rs189), DFCC Bank (+Rs5.75 to Rs166), Carson Cumberbatch (+Rs105.50 to Rs746), Melstacorp (+Rs5 to Rs165) and John Keells (+Rs0.50 to Rs23.50) were among top risers.
Colombo market closed higher as ASPI rose 0.25% with turnover of Rs. 7.56bn, boosted by a ~7% stake crossing in National Development Bank. Banking drove activity (67% of turnover) while several banks and financials including NDB, Capital Alliance and others led contributions.
Colombo's ASPI rose 0.25% (49.77 pts) to 19,972.79, led by banks with NDB up LKR 3.50 on heavy turnover (NDB turnover ~LKR 4.49bn). John Keells was the top negative contributor, trading down LKR 0.40.
ASPI rose 96.45 points (0.49%) to close at 19,923 as the CSE opened with mixed sentiment; foreigners were net sellers with a net outflow of Rs.117.2m. Banking led turnover (25%) while Capital Goods and Diversified Financials together contributed 28% of turnover.
Colombo's ASPI rose 0.49% to 19,923.02, led by buying in bank counters—mainly Commercial Bank and HNB—while the S&P SL20 edged down to 5,824.91. Notable movers included C T Holdings, Ceylinco, Carson and Dialog higher, with John Keells and Overseas Realty weaker; turnover fell to Rs 3.1bn.
Sri Lanka's ASPI rose 0.44% (86.80 pts) to 19,804.80 as buying returned after a two-day slide. Buying interest supported John Keells (flat), CIC (up to 142.50), Singer (up to 67.90) and gains in Melstacorp, Carson Cumberbatch, Co-operative Insurance and PGP Glass; turnover rose to 4.4 billion rupees.
Colombo market extended its rally after the Central Bank held policy rates, with the ASPI up 151.15 pts (0.79%) to 19,243. Turnover was Rs.6.23bn (235.33m shares) while foreigners were net sellers (Rs.99.6m); DFCC, Richard Pieris, NDB, Carson, NTB, JKH, Dockyard, Sunshine and RIL were among top contributors/movers.
Colombo Stock Exchange closed higher, ASPI up 0.79% (151.15 pts) at 19,243.08 and S&P SL20 up 0.57% at 5,689.62. Top contributors included DFCC, Carson Cumberbatch, NDB and NTB; banking stocks led turnover (Rs1.3bn) and the central bank kept the policy rate at 7.75%.