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Sri Lanka Stock Market Declines, Driven by Capital Goods and Banking Turnover

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The Colombo Stock Exchange in Sri Lanka closed lower on Friday, with Colombo Dockyard making a significant contribution to the market turnover. The All Share Price Index (ASPI) decreased by 0.22%, or 14.51 points, ending at 23,812.31. Meanwhile, the S&P SL20 index fell by 0.13%, or 8.83 points, to close at 6,641.15.

Among the top positive influences on the ASPI were Colombo Dockyard, which closed at 155 rupees, and Ceylon Tobacco Company, which finished at 1,729.75 rupees. On the other hand, Hayleys, priced at 240.75 rupees, and Richard Pieris and Company, at 38.10 rupees, were the leading negative contributors to the ASPI.

The market turnover reached 9.19 billion rupees, with Capital Goods and Banks sectors contributing significantly, at 4.1 billion rupees and 2.54 billion rupees, respectively. Colombo Dockyard’s stock rose by 5.98%, closing at 155 rupees, following the acquisition of a 41.73% stake by Mazagon Dock Shipbuilders Limited.

DFCC Bank announced that it received in-principle approval from the Colombo Stock Exchange to list debentures worth 10 billion rupees, with interest rates of 11.50%, 11.75%, and 12%. Despite this announcement, the bank’s stock decreased by 1.25 rupees, closing at 157 rupees.

Maharaja Foods PLC reported that its proposed rights issue of shares, dated January 9, received unanimous approval from shareholders during the Extraordinary General Meeting held today. The company’s stock increased by 10 cents, closing at 13.40 rupees.

(Colombo/Jan30/2026)


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