Colombo equities ended with mixed returns on Tuesday as main index marginally gained 4.98 points (+0.07%) to close at 6,947.90 whereas S&P SL 20 index lost 1.02 points (-0.03%) to close at 3,817.52. All share price index swung to the negative territory where it dropped to 6,903.38 in the morning session but managed to close…
Colombo bourse started its weekly operations on an optimistic note as both indices managed to maintain the momentum gained on last week. Core index gained 24.69 index points or 0.36% to end at 6,942.92 while 20-scrip S&P SL index expanded by 16.67 index points (+0.44%) to close at 3,818.54. Price inclines in equities such as…
Maintains growth momentum Hayleys PLC, one of Sri Lanka’s leading conglomerates, in a filing to the Colombo Stock Exchange, reported sustained performance in 1Q of 2014/15. The Group maintained growth momentum to achieve a revenue growth of 17% amounting to Rs. 22.6 Bn in value terms. It was also noteworthy that all sectors in the…
Having considered the circumstances surrounding the divesture of the entire stake of 31% of PC Pharma PLC by Adams Investments PLC on 07 August 2014 even while its mandatory offer was pending for its purchase, the Securities and Exchange Commission of Sri Lanka (SEC) decided to cancel the said trade for the protection of investors….
The TKS Group announced that it had completedthe integration of two of its finance sector holdings, TKS Finance Limited and Asian Finance Limited. The merger was initiated with the approval of the Boards of Directors and shareholders of both companies and the Central Bank of Sri Lanka (CBSL) in June this year. This is one…
PCH Holdings PLC chairman S.H.M. Rishan clarifies that Bieco Link Carbons (Pvt) Ltd has ceased to be a company of the PCH Holdings Group since the Group had sold 100% of its shareholding of Bieco Link Carbons to MMD Venture Lanka (Pvt) Ltd on 02 July 2014. Furthermore, the disclosure made by the mandatory offer…
Further to Friday’s announcement by Cargills Bank Limited of a mandatory offer to purchase all the remaining ordinary shares of Capital Alliance Finance PLC, Cargills Bank purchased a further 11,499 ordinary voting shares of Capital Alliance Finance at Rs. 15.40 and 926 shares at Rs. 15.50 aggregating to 12,425 shares, which is approximately 0.03 percent…
It is believed that Sri Lanka would have around USD 1.5 billion as excess balance of payment by end of this year, says the Central Bank Governor. Central Bank Governor Ajith Nivard Cabraal told adaderanabiz.lk that by now there has been an increase in the inflow of funds into the country through the tourism industry,…
A British company investigator, Peter Humphrey, has been sentenced to two-and-a-half years in jail for trafficking personal data in China. The Shanghai court also sentenced his American wife Yu Yingzeng to two years. GlaxoSmithKline (GSK) China, which is being investigated for possible bribery, hired Mr Humphrey last year. The pair were found guilty of illegally…
Colombo bourse retained the positive momentum gained in previous sessions to conclude the weekly operations with higher returns. Main index gained 10.05 points (+0.15%) to close at 6,918.23 while S&P SL 20 index crossed the 3,800 level to record 3,801.87 with a gain of 11.84 points (+0.31%). Price progressions in Distilleries (closed at LKR 211.00,…
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