News & market updates

Colombo stock market ended the week up as the ASPI rose 0.14% to 23,801.96 while year-to-date net foreign selling approached Rs. 11.8 billion. Turnover was nearly Rs. 9.1 billion, led by banks and large crossings (notably Commercial Bank) with gains in ACME, JKH, Sampath, HNB, KZOO, Colombo Dockyard and Teejay.

ASPI rose 0.03% (7.45 pts) to 23,813.77 while the S&P SL20 slipped 0.02% to 6,617.85; turnover was Rs.8.3 billion and foreigners were net sellers with a reported net outflow of Rs.144.6 billion. Top contributors included HNB, DFCC, UML, RICH and ASCO, with DOCK, HAYL and SFCL dragging the index.

The ASPI rose about 7% in August, closing the month at 20,997.36 after a 197.10-point (0.95%) gain on the final day. Top contributors included Ceylinco Holdings, Senkadagala Finance and Richard Pieris; turnover was around Rs.7.4bn, led by consumer services and financials, with foreign net inflows of Rs.184.1m.

ASPI fell 0.23% (41 points) to 18,000 as profit-taking weighed on the Colombo market, led by declines in HAYL, CTHR, DOCK, GRAN and SAMP. Turnover was Rs.5.6bn with capital goods (notably JKH, AEL) and banking among top contributors; foreign investors were net sellers of Rs.48.3m.

Colombo bourse closed the shortened week with the ASPI up 2.9% and S&P SL20 up 3.5%, average daily turnover Rs.3.67bn, led by gains in JKH, LOLC, CARS, EBCR and SAMP; foreigners recorded a net inflow of Rs.157.2m.

Luminex PLC was awarded a Rs. 763 million BOI contract to upgrade the Horana EPZ common wastewater treatment plant to 3,000 m3/day. The expansion raises capacity from 1,750 m3/day to meet projected inflows and Central Environmental Authority discharge standards.

Luminex PLC was awarded a Rs. 763 Mn BOI contract to expand the Horana EPZ common wastewater treatment plant capacity to 3,000 m³/day (from 1,750 m³/day). The award followed national competitive bidding and Cabinet approval on 9 Dec 2024 to meet CEA/EPL requirements.

Luminex PLC was awarded the contract to increase the capacity of the public water treatment plant in the Horana Export Processing Zone, with Cabinet approval. The award followed a national competitive procurement process with 11 bids and recommendations from the Cabinet-appointed Procurement Committee.

Royal College Colombo won the Capital Market Masters national final at the Colombo Stock Exchange, taking the Rs. 100,000 top prize. Luminex PLC served as the event's stationery partner alongside other sponsors.

The Capital Market Masters national final concluded at the Colombo Stock Exchange, with Royal College Colombo crowned champion and awarded Rs. 100,000. Luminex PLC participated as the event's stationery partner while the SEC and CSE hosted the financial literacy quiz.

The Cabinet approved awarding Luminex PLC the contract to clean and collect iron and metal parts at the Kankasanthurei cement factory after a national competitive procurement process (six bids, three disqualified).