FINANCIAL CHRONICLE – On Wednesday morning, the Colombo Stock Exchange (CSE) indices exhibited a slight decline, according to CSE data. The benchmark All Share Price Index (ASPI) fell by 0.07 percent.
The ASPI decreased by 15.72 points, settling at 21,246.41, while the S&P SL20, which includes more liquid stocks, remained relatively stable, showing a marginal increase of 0.15 points (0.00 percent) to reach 5,976.82.
Among the gainers contributing positively to the ASPI were Namunukula Plantations, which saw a rise of 12.37 percent to 74.50 rupees, Colombo Land and Development Company, increasing by 4.21 percent to 49.50 rupees, Hatton National Bank, up 0.20 percent to 380.75 rupees, and Co-operative Insurance Company, which went up by 3.03 percent to 3.40 rupees.
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Conversely, the key stocks that negatively impacted the market included Digital Mobility Solutions Lanka, down 1.59 percent at 155.00 rupees, Sampath Bank, which decreased by 0.36 percent to 139.75 rupees, Melstacorp, down 0.41 percent to 184.00 rupees, and Hemas Holdings, falling by 0.65 percent to 30.80 rupees.
The market turnover for the day stood at 106.1 million rupees, with the Diversified Financials sector leading this turnover at 26.4 million rupees.
In a notable corporate development, Asia Asset Finance announced the conversion of 41,398,511 convertible, irredeemable preference shares into 53,348,596 ordinary voting shares, effective from September 16, 2026. The shares of Asia Asset Finance were trading down 0.86 percent at 46.10 rupees.
Additionally, Printcare disclosed that its board has proposed a rights issue of 23,333,810 ordinary voting shares at a price of 30.00 rupees each, offering 19 new shares for every 70 existing shares, aiming to raise 700.01 million rupees for investment and operational purposes. Printcare shares were trading down 5.00 percent at 38.00 rupees.
