Company filings and market news from across Sri Lanka's stock market.
Phantom Investments (Rayynor Silva) bought a 9.75% stake in DFCC Bank (42.2m shares) for Rs.3.58bn at Rs.85/share. The shares were sold by LOLC Investment Holdings; Rayynor, who earlier took ~10% of Sampath Bank, said the DFCC investment is strategic and long term.
Colombo Stock Exchange closed down: the ASPI fell 0.60% to 12,719 on turnover of Rs3.1 billion. John Keells contributed Rs1.2bn to turnover; most banks (HNB, COMB, SAMP, NDB, DFCC) were down while Dilmah Ceylon Tea, Co-operative Insurance, Singer and Vallibel One were among top gainers.
Colombo market cooled after 11 straight gains as the ASPI fell about 59 points (0.5%) on turnover of Rs.2.3bn, with banks contributing 59% of turnover. Sampath, Commercial and Hatton National rose, while Vallibel One and Nations Trust fell; JKH, LOLC, NDB, Hayleys and DFCC weighed on the index.
Dhammika Perera is re-joining the corporate sector by re-joining the boards of Hayleys PLC (re-appointed as Non-Executive Director and Co-Chairman) and is expected to return to Vallibel One PLC this week, where he is the largest shareholder.
Colombo Stock Exchange fell: All Share Index down 0.49% to 11,934 and S&P SL20 down 0.31% to 3,510, with turnover Rs 2.2bn and net foreign outflow Rs 123mn. Banks drew investor interest and crossings/top turnover involved Sampath, Commercial, HNB, Nations Trust, Hayleys and Vallibel One.
Swisstek Aluminium, a subsidiary of Vallibel One PLC, won the Gold Award (Organization) at the CIOB Green Awards 2024, highlighting sustainability measures including a 1.5 MW rooftop solar system producing 6,000 kWh/day (cutting ~192,600 kgCO2e/month) and a 1.5 m³/hr RO plant.
Unidil, the packaging arm of Vallibel One PLC, won 10 Gold Awards at the National Convention on Quality and Productivity (NCQP) 2024. The awards recognise Unidil’s performance in corrugated cartons and paper sacks, reinforcing its position in local and export packaging.
Unidil, the packaging arm of Vallibel One PLC, won ten Gold Awards at the National Convention on Quality & Productivity (NCQP) 2024 on June 25, 2024. The awards recognise Unidil's quality and productivity in corrugated cartons and paper sacks, and it will showcase at ICQCC 2024.