The Colombo Stock Exchange (CSE) saw a surge in activity yesterday, revving up ahead of tomorrow’s Parliamentary Election, with the benchmark ASPI briefly touching the 13,000-point mark and turnover crossing Rs. 4 billion. By midday, the ASPI surpassed 13,000 points, but closed the day at 12,988 points, up 0.9%. The active S&P SL20 also gained
John Keells Holdings PLC (JKH), Sri Lanka’s top blue chip company, has successfully raised Rs. 24 billion through its recent Rights Issue, which drew an oversubscription of Rs. 27.4 billion. The 1 for 10 Rights Issue offered 150.26 million shares at Rs. 160 each, with a total value of Rs. 24.04 billion. JKH also announced
The Colombo stock market reached new heights yesterday as investor confidence soared under the newly elected President Anura Kumara Dissanayake. The benchmark All Share Price Index (ASPI) skyrocketed by 326 points, marking its highest single-day gain in 14 months, a 2.87% increase to a two-month high. Over the past seven sessions, the ASPI has gained
John Keells Holdings has announced the successful completion of the delisting of its Global Depositary Receipt (GDR) programme from the Luxembourg Stock Exchange. In November 2023, the company’s board decided to terminate the GDR programme due to the relatively low number of GDRs in circulation and their minimal impact on trading in the company’s securities.
Sri Lanka’s John Keells Holdings (JKH) has partnered with Nepal’s Chaudhary Group (CG Corp) to introduce BYD electric vehicles (EVs) to the region, anticipating a shift away from internal combustion engines. JKH Chairman Krishan Balendra stated that the group saw a compelling opportunity in the electric vehicle market, predicting a significant switch from petrol to
The Colombo Stock Exchange (CSE) experienced another day of poor performance, with both indices falling over 0.3% and a turnover of Rs. 629 million involving 18.7 million shares. The market’s overall sentiment remained subdued as investors awaited more clarity amidst ongoing political uncertainties. The All Share Price Index (ASPI) began the day positively, reaching an
The Colombo Stock Exchange closed higher on Tuesday, as indicated by data on its site. The broader All Share Index rose by 0.37 percent, or 42.09 points, closing at 11,293, while the more liquid S&P SL20 Index increased by 0.39 percent, or 12.44 points, ending at 3,226. Turnover for the day was 582 million rupees,
The Colombo Stock Exchange ended on a positive note on Thursday, as indicated by the data on its website. The broader All Share Index increased by 0.29 percent, or 33.14 points, closing at 11,439. Meanwhile, the more liquid S&P SL20 Index rose by 0.62 percent, or 20.25 points, finishing at 3,285. The day’s turnover was
July ended with a market turnover of LKR 4.0 billion as indices closed in the red due to price losses in key counters such as John Keells Holdings, Sampath Bank, and Melstacorp. The total turnover crossed Rs. 3.9 billion, with notable crossings in Overseas Realty accounting for 74.0% of the turnover. Mixed interest was observed
Top blue-chip company John Keells Holdings Plc (JKH) reported an EBITDA of Rs. 7.7 billion for the first quarter of FY25, marking a 13% decrease from the previous year. The bottom line, however, showed a net loss of Rs. 868 million. The Group’s EBITDA included significant pre-opening costs related to the ramp-up for the opening