Company filings and market news from across Sri Lanka's stock market.
Colombo's ASPI fell 0.03% to 21,417.80, extending a third straight day of losses on profit taking and net foreign outflows of Rs.36.7m. Banking led turnover (27%) while Haycarb, Chevron Lubricants, John Keells and Hayleys were among top contributors.
Kotagala Plantations (KOTA.N0000) has installed a 1 MW rooftop solar power system delivered by E.B. Creasy Solar. The system uses LONGi panels and SUNGROW inverters and is expected to reduce carbon emissions and energy costs.
First Capital says listed plantation firms AGAL, KGAL, KOTA and HOPL are well positioned to benefit from rising rubber prices as rubber makes up about 15%+ of their revenue. Dipped Products and exporters may also gain from higher rubber prices and rupee depreciation, while Kelani Tyres could face margin pressure.
Colombo posted its biggest monthly gain since July 2025, with the ASPI up 7% and the S&P SL20 up 5.1% in April, with average daily turnover of Rs.3.66bn. Yesterday the indices fell (ASPI -0.38% to 22,550) on losses in John Keells, Sampath and Commercial Bank amid net foreign outflows of Rs.75mn.
Colombo Stock Exchange opened mixed: ASPI rose 0.29% to 22,132.33 while the S&P SL20 slipped 0.06% to 6,037.79 on turnover of about Rs. 3.7bn and net foreign outflows of Rs. 200.5m. Colombo Dockyard, DFCC and Richard Pieris led gains while John Keells and Commercial Bank fell.
People’s Bank has become the first state bank to receive a Corporate Finance Adviser Licence from the Securities and Exchange Commission of Sri Lanka. Its investment banking unit (PBIBU) has managed 32 debenture listings and one equity IPO mobilising over Rs.200 billion and is structuring four new debt issuances for late 2025/early 2026.
Kotagala Plantations (KOTA.N0000) said its rights issue to raise Rs.761.6m (84.6m shares at Rs.9) was oversubscribed with Rs.776.4m in subscriptions. The share closed at Rs.9.80 and NAV per share was Rs.7.48 as at end-June 2025.
Hayleys bought a 40% stake in Harischandra Mills, a deal that added Rs2.58bn to turnover and sent Harischandra shares up 50% to Rs7,424.50. Maharaja Foods declared a 10 cent dividend and plans a rights issue to raise Rs112.5mn, while Kotagala Plantations said its rights issue was oversubscribed (Rs76.42mn).
Rights issue · 1:4 at Rs 9.00 · XD Sep 17, 2025
President Anura Kumara Dissanayake held a special discussion with plantation company representatives on the proposed increase to estate workers' daily wages to align with recent public/private sector salary hikes and discussed implementation; the government pledged support for developing the plantation sector.
President Anura Kumara Disanayake urged plantation companies to raise estate workers' daily wages and said the government will support the industry to implement the increase. Representatives from major planters, including Kahawatte, Malwatte, Kelani Valley, Balangoda, Browns, Kegalle and Kotagala, took part.
Colombo market rebounded with the ASPI up 0.35% to 22,174.74 and turnover of Rs.13.3 billion amid upbeat sentiment after the IMF's positive review; the banking sector led turnover (48%) and Commercial Bank, DIMO, Bukit Darah, Carson and Wind were among top contributors.
Colombo market dipped as ASPI fell 0.3% and S&P SL20 fell 0.4% on turnover of Rs.7.3bn, with foreign investors net sellers of Rs.196.2m. Banking counters and conglomerates saw profit-taking while food retail and capital goods recorded high turnover and mixed price moves.
Colombo Stock Exchange extended its rally into an 11th session as the ASPI rose 0.47% (102.30 pts) to 21,778.60 with turnover of Rs. 6.27 billion and foreign net outflows of Rs. 362.2 million. Top contributors included DIMO, BUKI, CCS, MELS, WATA and SUN, with gains also in CHOT and PKME.
Colombo stock market opened the week higher as the ASPI rose 0.36% (77.31 pts) to 21,676.20, led by plantation counters and conglomerates; turnover was about Rs.4.2bn and foreigners were net sellers of Rs.15.6m.
Rights issue · 1:4 at Rs 9.00 · XD Sep 17, 2025
Rights issue · 1:4 at Rs 9.00 · XD Sep 17, 2025
The Colombo Bourse rebounded on Friday with the ASPI and S&P SL20 up 1.6% (ASPI closed at 17,088) though the ASPI fell 1.8% for the week. Banking led turnover (28%) and sector gains, with Ceylinco, Sampath, Hayleys, Commercial Bank, Panasian Power and East West among top contributors; foreigners were net sellers (Rs.42.3m).
Kotagala Plantations PLC will raise Rs.761.6 million via a Rights Issue of 84,628,125 shares at Rs.9 each (1 new for every 4 held) to settle related-party debts, repay broker borrowings and fund working capital. The issue is subject to shareholder approval.
Rights issue · 1:4 at Rs 9.00 · XD Sep 17, 2025
The Colombo market paused its upward run as the ASPI fell 0.37% and the S&P SL20 dropped 0.5%, while foreigners recorded a net inflow of Rs.170 million. Turnover was Rs.1.5 billion with top contributors John Keells, Commercial Bank and Hayleys and the banking sector leading activity.
Colombo Stock Exchange closed higher in a shortened session, with the ASPI up 45 points to 15,962 (S&P SL20 +0.22%). Turnover was about Rs.1.48–1.5 billion and foreign investors net sold Rs.177.3 million; key contributors included MELS, WIND, SPEN, SAMP and heavy turnover in CTC, BIL and KOTA.
Colombo market closed marginally higher with ASPI +0.2% and S&P SL20 +0.6% on turnover of Rs.5.5bn. Banking led turnover (30%) and gained 1.25%; notable moves included Sampath +Rs1, Commercial Bank +Rs2, Sierra Cables +Rs0.40, Lanka IOC +Rs0.50 and LOLC -Rs4, with net foreign outflow of Rs.93m.
Colombo Stock Market opened 2025 strongly as the ASPI rose 2.5% (404 pts) to top 16,000 on Rs.12.8bn turnover and net foreign inflow of Rs.88.6m, led by blue-chips and banking names such as JKH, Browns Investments, Aitken Spence, Sampath Bank and Hemas.
Senthilverl Holdings increased its stake in Kotagala Plantations to 33.86 million shares (10.004%) by buying 1,060,811 shares at Rs9.10–9.40, the CSE filing said.
Dr. T. Senthilverl raised his stake in Kotagala Plantations PLC to 10.0047% after acquiring 1 million shares via Senthilverl Holdings, becoming the second largest individual shareholder. The purchases were at about Rs. 9.10–9.40 per share and the stock closed at Rs. 9.10 yesterday.