Melco Resorts and Entertainment is making a significant investment in Colombo with its new $1 billion project, ‘City of Dreams Sri Lanka,’ aiming to tap into the burgeoning Indian tourism market. According to brokerage firm Morgan Stanley, the integrated resort, featuring a casino, could generate around 50% of its EBITDA from gaming operations. The venture,
Ceylon Cold Stores PLC, a subsidiary of John Keells Holdings, has showcased robust financial performance for the April-June quarter of fiscal year 2025, signaling a resurgence in consumer spending. The company achieved a top line of Rs. 38.1 billion, marking a 10% increase from the same period in 2023. Operating profits surged by 69% to
The Colombo stock market continued its dismal performance, starting the new week with a fresh low in turnover. The active S&P SL20 index dipped by 0.5%, while the benchmark ASPI declined by 0.1%. Turnover was a mere Rs. 376.7 million involving 112.6 million shares. Asia Securities reported that the indices began the week on a
The Colombo Stock Exchange closed lower on Thursday, with the broader All Share Index falling by 0.52 percent, or 62.03 points, to 11,768. The more liquid S&P SL20 Index declined by 0.51 percent, or 17.48 points, to 3,439. Turnover reached 1.1 billion rupees, with significant contributions from John Keells Holdings Plc, which saw a turnover
The Colombo Stock Exchange (CSE) saw its net foreign inflow surpass the Rs. 3 billion mark for July, despite a bearish outlook from local investors, according to brokers and analysts. As of yesterday, the CSE recorded a net foreign inflow of Rs. 393 million, bringing the month-to-date total to Rs. 3.1 billion. John Keells Holdings
The Colombo stock market commenced the new week on a positive note, with indices rising and a notable net foreign inflow of over Rs. 400 million. The active S&P SL20 index increased by 0.55% while the benchmark ASPI rose by 0.41%. Turnover reached Rs. 1.56 billion, involving 29.2 million shares. Net foreign buying was led
Indices closed in the red due to price drops in stocks like Hayleys, Hatton National Bank, and Melstacorp, with the turnover surpassing Rs. 1.5 billion. Notable crossings occurred in Windforce, Sampath Bank, John Keells Holdings, and Alumex, which together accounted for 52.1% of the turnover. There was mixed interest in Hayleys, LVL Energy Fund, and