ECONOMYNEXT – The Colombo Stock Exchange closed down on Thursday, CSE data showed. Turnover was at 1 million.
The All Share Price Index was down 0.57 percent, or 61.57 points, at 10,662.08.
The S&P SL20 index was down 0.49 percent, or 14.98 points, at 3,011.74.
John Keells Holdings Plc (down at 189.75) announced that it had “decided to terminate the captioned GDR Program, owning to the relatively low number of Global Depositary Receipts (“GDR”) in issue and given that they are not a significant contributor to facilitating trading in Company securities, the termination of which would not have an impact on the Company with GDR holders having the option to convert to ordinary shares in the Company.”
LOLC Holdings PLC (up at 375.00) “decided to issue Fifty Million (50,000,000) Listed Rated Unsecured Senior Redeemable Debentures, with an option to issue up to a further Thirty Million (30,000,000) of said Debentures at the discretion of the Company in the event of an over subscription of the initial Issue.”
The top five positive contributors to the ASPI were Ceylinco Insurance Plc (up at 2,450.00), Citizens Development Business Finance Plc (up at 204.50), Lion Brewery (Ceylon) Plc (up at 938.75), Expolanka Holdings Plc (up at 132.00), and Dialog Axiata Plc (up at 9.30).
Lion Brewery on Wednesday announced a first interim dividend of Rs.31.00 per ordinary share for the financial year ending 31st march 2024.
Major contributors to the day’s turnover were shares in the diversified financials industry (218mn), food, beverage and tobacco Industry (203mn), banks industry group (188mn), and utilities industry (131mn)
There was a net foreign outflow of 119 million. (Colombo/Nov16/2023)