Company filings, disclosures and news on Sierra Cables PLC (SIRA), Electrical Products on the Colombo Stock Exchange, tagged by theme and scored for sentiment.
The Colombo ASPI fell 0.6% to 20,817.82, sliding to a six-month low as losers (163) outpaced winners (31) and turnover barely topped Rs.1bn. Top decliners and contributors to the drop included Dialog, Commercial Bank, Overseas Realty, Singer, Tokyo Cement and Ceylinco, while John Keells closed flat.
Colombo bourse edged up as the ASPI rose 0.03% to 21,325.64 on turnover of over Rs.1.2bn; banks led activity while geopolitical tensions and higher global oil prices weighed on sentiment and foreigners were net sellers of Rs.7.2m.
The ASPI fell 206.6 pts (1%) over the week but rose 0.05% to 21,416.61 yesterday; turnover exceeded Rs1.2bn and top contributors were MELS, CDB, SIRA, HHL and DIAL, while foreign investors were net sellers of Rs58.2m.
Sierra Cables PLC will invest USD 3,229,760 to acquire machinery and upgrade infrastructure to approximately double its export production capacity; the project is expected to be completed by end-2026/27 and operational from April 1, 2027.
Colombo Stock Exchange indices closed up on Friday: ASPI +0.05% at 21,416.61 and S&P SL20 +0.19% at 6,030.75. Market turnover was Rs 1.22 billion with capital goods leading at Rs 480.7 million; notable movers included CDB, SIRA, HHL, DIAL, SAMP (up) and RIL, CCS (down); Melstacorp set its AGM for Sept 15, 2026.
Colombo stocks were higher on Friday morning with the ASPI up 0.11% at 21,428.38 and the S&P SL20 up 0.27% at 6,035.37; market turnover was LKR 274.9m led by capital goods (LKR 178.8m). Sierra Cables approved a $3.22976m capex to double export production capacity by end-FY2026/27 and its shares rose about 6%.
Colombo market closed higher as the ASPI rose 0.56% to 21,539 and the S&P SL20 gained 0.53%, with turnover of Rs.2.77bn and foreign net outflows of Rs.624.5m. Declining T-Bill rates and positive bank results supported buying, with the banking sector leading turnover (38%).
Colombo market recovered as the ASPI rose 0.07% to 21,418.57 on turnover above Rs.2bn and net foreign inflows of about Rs.471.8m; DIAL, HNB, NDB, DIPD and JKH led gains while BREW, CINS, CARG, CTHR and CCS dragged the index.
The Colombo stock market ended a four-session rally as the ASPI fell 0.07% to 21,402.80 and the S&P SL20 dipped 0.04% to 5,983.14; market turnover was over Rs.1.5bn and foreign investors were net sellers (net outflow Rs.356.2m).
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