On Wednesday, Sri Lanka’s rupee traded stronger at 290.85/95 to the US dollar, compared to 291.00/15 on Tuesday, according to dealers. In the bond market, yields saw a decline, reflecting positive investor sentiment. The ongoing auction of Rs. 145,000 million treasury bills was a key development, with bond prices recovering across the curve: In the
Sri Lanka’s rupee opened stronger on Monday, trading at 291.55/75 to the US dollar compared to 292.15/18 on Thursday, according to market dealers. However, bond trading saw a notable decline. Bond Market Update Equities Market Update In equities, the Colombo All Share Price Index (ASPI) rose by 1.73 percent, gaining 227.88 points to reach 13,426.68.
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
On Friday, the Sri Lankan rupee opened stronger, trading at 299.80/300.00 against the US dollar, up from 299.90/300.10 the previous day. Dealers noted that bond yields showed a slight increase. A bond maturing on 15th December 2027 was quoted at 11.75/85 percent, up from 11.65/90 percent. Meanwhile, a bond maturing on 15th February 2028 saw
On Thursday, the Sri Lankan rupee traded relatively flat at 300.30/60 against the US dollar, slightly changed from 300.30/80 the previous day, while bond yields showed a notable decline, according to market dealers. A bond maturing on 15th December 2027 was quoted at 11.65/75 percent, while a bond maturing on 15th February 2028 dropped to
LOLC Group is set to make a Rs. 3 billion takeover bid for Sierra Cables following the acquisition of a 30% stake in the company. The move comes after Browns Investments PLC, the strategic arm of LOLC Group, through its wholly owned subsidiary Iconic Trust Ltd., purchased 6.65 million shares of Sierra Cables at Rs.
Digital Mobility Solutions Lanka Limited, the operator of Sri Lanka’s popular PickMe ride-hailing app, is set to go public, according to an announcement by the Colombo Stock Exchange (CSE). The initial public offering (IPO) will involve the sale of 43.34 million shares by existing shareholders at a price of 36 rupees per share, aiming to
Cable Solutions Limited (CODE: CSLK-N-0000) successfully commenced trading on the Colombo Stock Exchange (CSE) on August 14, 2024. The company marked this milestone with a special Bell Ringing Ceremony, celebrating its transition to a publicly listed company. The company’s Initial Public Offering (IPO) featured over 80 million ordinary voting shares, priced at Rs. 7.50 per
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
The Colombo Stock Exchange (CSE) ended the week on a somber note, as investor confidence remained subdued, impacting the performance of listed equities. The benchmark All Share Price Index (ASPI) fell by 0.8% over the week, while the S&P SL20 index dropped by 1.3%. Both indices closed in the red on Friday. Weekly turnover averaged