FINANCIAL CHRONICLE – On Monday, the Colombo Stock Exchange (CSE) experienced a decline, according to recent data. The benchmark All Share Price Index (ASPI) fell by 0.32 percent.
The ASPI decreased by 68.82 points, settling at 21,313.92. Concurrently, the more actively traded S&P SL20 index saw a minor drop of 0.14 percent, equivalent to 8.13 points, closing at 5,994.33.
Among the stocks that positively influenced the ASPI were Carson Cumberbatch, which rose by 2.05 percent to reach 735.00 rupees; Commercial Bank of Ceylon, which increased by 0.24 percent to 205.00 rupees; Central Finance Company, which climbed by 0.68 percent to 221.50 rupees; and Watawala Plantations, which gained 1.60 percent, closing at 44.50 rupees.
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On the downside, key contributors to the market’s decline included Dialog Axiata, which fell by 1.04 percent to 47.40 rupees; Aitken Spence, which dropped by 2.12 percent to 138.75 rupees; LOLC Holdings, down 1.40 percent at 459.25 rupees; and Ceylon Cold Stores, which decreased by 2.07 percent to 118.25 rupees.
The total market turnover amounted to 1.55 billion rupees, with the banking sector leading activity at 309.87 million rupees.
In a separate announcement, Anilana Hotels and Properties disclosed to the CSE that Sampath Bank has acquired its hotel properties located in Nilaveli, Trincomalee, and Pasikudah, under the provisions of the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990.
The company has contested the bank’s decision in court and has also submitted a request to the Commercial High Court concerning a potential investor who has proposed an offer of 1.2 billion rupees for the hotel properties, aiming to negotiate a settlement with Sampath Bank.
