Colombo Stock Market closed mixed: ASPI +40 pts (+0.27%) while S&P SL20 -14 pts (-0.3%), with turnover Rs.5.85bn on 357m shares and a net foreign outflow of Rs.1.5m. Top contributors included Ceylon Cold Stores, PGP Glass, John Keells, Lanka IOC, Dipped Products and Lanka Milk Foods, with Food, Beverage & Tobacco leading turnover.
Colombo market closed with the ASPI up 0.27% at 14,654.26 while the S&P SL20 fell 0.32% to 4,390.12 as profit-taking in banking stocks weighed on the SL20. Top gainers included Ceylon Cold Stores, PGP Glass, John Keells, Dipped Products and Lanka IOC; net foreign outflow was Rs 1.4 million.
ASPI rose 0.8% to 13,885, crossing a 30% year-to-date gain while turnover topped Rs.6 billion, led by John Keells, LOLC, Digital Mobility (PKME), Dialog (DIAL) and Sampath Bank (SAMP). The market closed positive for a 12th consecutive day with notable retail and HNW participation.
Colombo stock market ended the shortened General Election week higher, with ASPI up 3.1% and the S&P SL20 up 3.8% and average weekly turnover of Rs.4.37 billion. Banking counters (Sampath, Commercial Bank, DFCC, Nations Trust, Pan Asia) led gains and turnover, while Browns Investments and several hotels and finance stocks saw notable investor interest.
The newly appointed ICTA Board, chaired by Dr. Hans Wijayasuriya, held its inaugural meeting; members include Jiffry Zulfer (founder/CEO of Digital Mobility Solutions Lanka PLC) and executives with ties to Dialog Axiata PLC and Hemas Holdings.
IT & Digital
Ada Derana·Nov 13, 2024·Management or board changePositive
The newly appointed Board of the Information and Communication Technology Agency (ICTA) held its inaugural meeting with Dr. Hans Wijeyasuriya as non-executive chairman; board members include Jiffry Zulfer (founder/CEO of Digital Mobility Solutions Lanka, PickMe) and other industry leaders.
IT & Digital
Ada Derana·Nov 12, 2024·Promotional / marketingPositive
CSE and USAID, with SLASSCOM and FITIS, hosted a forum on capital-market funding and listing options for Sri Lanka's ICT sector; PickMe (PKME.N0000) was highlighted after raising LKR 1.6 billion via its stock listing. The event covered investor expectations, regulatory/compliance guidance and alternative funding routes for IT firms.
Digital Mobility Solutions Lanka (PickMe) reported group revenue of Rs.1.39 billion in 2Q FY24/25 (up 47% y/y) and declared an interim dividend of Rs.1 per share. Quarterly operating profit rose to Rs.378 million (up 123% y/y) and net profit was Rs.280 million (up 108% y/y), driven by volume growth and favourable currency movements.
Colombo market closed in red with the ASPI down 59 points to 12,796 on turnover of Rs.2.38bn. Banking led turnover (60%) as HNB, Sampath, Pan Asia and Commercial Bank were key movers; John Keells and Digital Mobility Solutions declared interim dividends.
ASPI rose 0.7% to 12,610 (a 32-month high) as turnover hit Rs.4.4bn, led by the banking sector which contributed 36% of turnover. HNB, Sampath, NDB, LOLC, Browns and MELS were top contributors while JKH fell modestly and foreigners were net sellers of Rs.12.2m.
The ASPI closed the week up 0.2% at 12,313 (23-point gain) while the S&P SL20 fell 0.5%, with market turnover averaging Rs. 1.75 billion. Diversified financials led turnover and there was positive investor interest in plantation names (BALA, AGPL), LB Finance, Lankem, C T Holdings, Central Finance, HNB and Digital Mobility (PKME).
Colombo Stock Exchange rebounded as the ASPI rose 0.27% to 12,290 on turnover of about Rs.1.75 billion, driven by gains in hotel counters and select plantation and telecom stocks.
Colombo Stock Exchange closed higher: All Share Index +0.27% to 12,290 and S&P SL20 +0.17% to 3,613 on turnover of Rs 1.7 billion. Top movers included Dialog, Digital Mobility, Dipped Products, Maskeliya and Hemas, with net foreign outflow of Rs 317 million and mixed foreign buying/selling across counters.
IT & DigitalConsumer Staples (FMCG)Tea & Plantation Crops
Colombo market closed the week higher with the ASPI up 1.07% on Friday (ASPI +2% for the week) and S&P SL20 +1.10%, with turnover at Rs.2.3bn. Banking stocks (Commercial Bank, HNB), renewed interest in plantation names (KAHA, HAPU, UDPL, MASK) and strong foreign buying in JKH drove activity.
ASPI gained 1% to close at 12,053 as investors returned to buying, led by banking and blue-chip stocks; turnover was Rs. 2.8bn. Sampath Bank, John Keells and Commercial Bank were among top contributors to the session's gains.
Digital Mobility Solutions Lanka PLC (PKME.N0000), owner of PickMe, made a positive CSE debut, closing up 8.33% at Rs.39 on turnover of Rs.66.36m with 1.67m shares traded. The IPO raised Rs.1.56bn (13.04% of shares on offer) after applications sought Rs.4.199bn.
Digital Mobility Solutions Lanka Ltd (PKME.N0000) commenced trading on the Colombo Stock Exchange Main Board on 3 October 2024 after its offer for sale of 43,474,179 ordinary voting shares at Rs.36 per share was oversubscribed 2.7 times.
Colombo's ASPI fell 4 points to 11,930 as the market stayed bearish, with S&P SL20 down 26 points (0.7%), turnover Rs.1.3bn and net foreign outflow of Rs.18m. Major negatives were HNB, SAMP, COMB, HAYL and JKH while CINS and PKME (PickMe) were among gainers; Commercial Credit and Lankem also rose.
Digital Mobility Solutions Lanka Ltd (PickMe) began trading on the Colombo Stock Exchange Main Board on 3 Oct 2024 after its offer for sale of 43,474,179 shares at LKR 36.00 was oversubscribed 2.7 times.
Digital Mobility Solutions Lanka PLC (PickMe) began trading on the Colombo Stock Exchange Main Board after an IPO of 43.47 million ordinary shares at Rs.36 each, which was oversubscribed and closed on its opening day.
Digital Mobility Solutions Lanka PLC (PickMe) debuts on the Colombo Stock Exchange today with 333,323,673 shares listed after an IPO that raised Rs.1.56 billion. The offer represented 13.04% of shareholding and was heavily oversubscribed (demand ~Rs.4.2 billion).
Digital Mobility Solutions Lanka PLC (PickMe) debuts on the Colombo Stock Exchange today with 333,323,673 shares listed after an IPO that raised Rs. 1.56 billion, offering 13.04% of the company's share capital.
Digital Mobility Solutions Lanka PLC (PickMe) IPO drew demand of about Rs.4.2 billion, four times the Rs.1.56 billion on offer, when it closed on the opening day. The offer (43,474,179 shares at Rs.36; 13.04% of shareholding) was allocated across retail, non-retail, a unit trust, an institutional and an anchor investor.
Digital Mobility Solutions Lanka Ltd. (PickMe) saw its Rs.1.56 billion IPO oversubscribed on the opening day; the offer comprised 43,474,179 ordinary voting shares at Rs.36 each.
Digital Mobility Solutions Lanka (PickMe) IPO of 43.47M ordinary shares at Rs.36 was fully oversubscribed on the opening day, targeting about Rs.1.5 billion. Advisors include CT CLSA Capital (Pvt) Ltd and Capital Alliance Partners Limited.
Digital Mobility Solutions Lanka PLC (PickMe) reported its IPO of 43,474,179 shares at LKR 36.00 per share has been oversubscribed. The subscription list closes today at 4:30 p.m. and the basis of allotment will be communicated to the CSE.