Stock Market

Maharaja Foods Debuts on Colombo Stock Exchange

Maharaja Foods Ltd., a leading producer and exporter of authentic Sri Lankan food and spices, is set to commence secondary market trading at the Colombo Stock Exchange (CSE) today. The company’s Initial Public Offering (IPO), which opened on July 4, was oversubscribed and closed on the first day, highlighting the significant interest in Maharaja Foods.

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Bond Yields

Sri Lankan Rupee Stable at 303.60/65; Bond Yields Steady

Sri Lanka’s rupee held steady at 303.60/65 to the US dollar on Thursday, according to dealers. The currency was nearly unchanged from Wednesday’s close of 303.55/65. Bond yields remained broadly stable following the central bank’s policy rate cut, while stocks saw a slight increase. In the secondary bond market, yields showed minimal movement. A bond

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Stock Market

Sri Lankan Stocks Gain After Central Bank Rate Cut

On Wednesday, the Colombo Stock Exchange experienced a slight uptick following the central bank’s policy rate cut earlier in the day. The All Share Index (ASPI) rose by 0.90%, or 104.45 points, to close at 11,701, while the more liquid S&P SL20 Index increased by 1.35%, or 45.40 points, ending at 3,414. Despite the positive

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Business

Cable Solutions Limited IPO Oversubscribed on First Day

The Initial Public Offering (IPO) of Cable Solutions Limited, which included an offer for subscription of 14,666,600 ordinary voting shares and an offer for sale of 66,120,000 ordinary voting shares, each priced at Rs. 7.50, saw overwhelming investor interest on its opening day, 23rd July 2024. The IPO was oversubscribed by the end of the

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Stock Market

Sri Lanka Rupee Opens Steady at 303.80/304.10 to USD, Bond Yields Decline

Sri Lanka’s rupee opened flat at 303.80/304.10 to the US dollar on Thursday, maintaining the same level as the previous day’s close of 303.80/304.00. Meanwhile, bond yields dropped and stocks saw a slight increase of 0.16 percent. In the secondary bond market: In the stock market, Colombo’s All Share Price Index opened 19.09 points higher

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