Daily Turnover at CSE falls to the lowest point this year
The daily turnover of the Colombo Stock Exchange (CSE) fell to Rs 1.89 billion today, the lowest value seen so far during the year. The benchmark stock index ASPI ended…
Sri Lankan shares drop most in nearly four months as financials, industrials fall
(Reuters) Sri Lankan shares on Tuesday suffered their worst single-day fall since October, led by sharp declines in financial and industrial stocks. Sri Lanka’s CSE All Share Index ended 6.56%…
The World’s Best Stock Rally Is in Sri Lanka – Bloomberg
Sri Lanka stocks have returned a world-beating 30% so far in 2021 as domestic investors get more active, Bloomberg reported yesterday. Local traders have bought a gross Rs 155 billion…
Access Engineering acquire a 50% stake in Lanka AAC Ltd for Rs 131 M
Access Engineering PLC (AEL) has invested Rs. 131 million to acquire a 50 percent stake in the light-weight brick manufacturer, Lanka AAC Ltd. “Access Engineering PLC announces that it has…
New SEC Act Likely to Be Enacted Within Next Two months
The Securities and Exchange Commission of Sri Lanka (SEC) expects the New SEC Act to be enacted within the first quarter of the year. ” The new SEC Act, which…
Hayleys Group and subsidiaries announce stock splits
Billionaire Dhammika Perera-controlled Hayleys Group and all its listed 13 subsidiaries announced stock splits today, subject to shareholders’ approval. Following the announcement, the trading was halted until 11.30 am today.…
Stocks cruise pass 7,000 psychological level after 7 years
The benchmark All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) broke the 7,000 point mark today for the first time since August 2014. The market saw a…
Arpico Finance and Associated Motor Finance advances with the proposed merger
Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC (AMF) announced the merger of two entities subject to the approval of shareholders and the Colombo Stock Exchange (CSE).…
Buyer of Piramal Glass Ceylon part of Blackstone Group
ICRA India confirmed that Blackstone Group Inc’acqusition of Piramal Group’s Piramal Glass includes its Sri Lankan unit, Pirmal Glass Ceylon PLC. With the announcement of Blackstone Group Inc’acqusition of Piramal…
Blackstone acquires Piramal Glass for $1 billion
The World’s largest alternative equity firm, Blackstone Group Inc, has signed an agreement to acquire Piramal Group’s Piramal Glass including its unit in Sri Lanka for an estimated $1…