FINANCIAL CHRONICLE – The Colombo Stock Exchange in Sri Lanka experienced an upward trend during the initial hour of trading on Thursday, according to data from the CSE. The benchmark All Share Price Index (ASPI) saw an increase of 0.43 percent.
The ASPI rose by 90.01 points, reaching a total of 20,902.94, while the more actively traded S&P SL20 index climbed 0.37 percent, or 21.52 points, to stand at 5,915.68.
Several stocks made positive contributions to the ASPI, including Dialog Axiata, which increased by 1.77 percent to 46.00 rupees, and Distilleries Company of Sri Lanka, which rose by 1.14 percent to 53.40 rupees. Other notable gainers included Citizens Development Business Finance, up 0.92 percent at 32.80 rupees; Commercial Bank of Ceylon, which saw a 0.37 percent increase to 203.25 rupees; and Carson Cumberbatch, climbing 1.39 percent to 730.00 rupees.
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On the downside, Hemas Holdings declined by 0.97 percent to 30.70 rupees, Renuka Holdings fell by 2.51 percent to 38.90 rupees, and WealthTrust Securities dropped 1.79 percent to 11.00 rupees, marking them as the leading negative contributors.
The market turnover reached 118.86 million rupees, with the capital goods sector leading the way at 42.49 million rupees.
In other news, First Capital Treasuries PLC announced that Ramesh Schaffter has stepped down from his position as a Non-Independent Non-Executive Director, effective October 1, in order to support the restructuring process of the company’s board.
