📈 Sri Lanka Stocks Open Higher as Capital Goods Lead Turnover

Sri Lanka’s Colombo Stock Exchange (CSE) opened on a positive note on Tuesday, with key benchmark indices recording gains amidst active trading in capital goods and corporate moves. • Market Indices & Turnover: • ASPI gained 0.34% (+66.28 points) to reach 19,706.84. • S&P SL20 rose 0.16% (+8.73 points) to 5,610.60. • Total market turnover stood at LKR 123.52 Bn/Mn (LKR 123.52 Mn), led by the capital goods sector with LKR 17.57 Mn. • Top Gainers & Losers: • Positive contributors: LAUGFS Gas (+9.86% to LKR 39.00), Richard Pieris (+2.37% to LKR 25.90), Dialog Axiata (+1.67% to LKR 42.70), and Commercial Bank (+0.51% to LKR 196.25). • Negative contributors: Brown & Company (-5.13% to LKR 106.25), Union Assurance (-1.81% to LKR 65.00), and Hayleys (-0.23% to LKR 215.25). • Corporate Highlights: • JAT Holdings: Q3 (Sept quarter) net profit surged 38% YoY to LKR 344.6 Mn, driven by top-line expansion in domestic and international markets. • Standard Capital: A mandatory offer was triggered for remaining voting shares following the acquisition of a 70.54% controlling stake by investor Abishek Sithampalam. • LAUGFS Gas: In informal talks for commercial collaborations, investments, or potential stake sale in subsidiary LAUGFS Terminals, operator of the 30,000-tonne LPG terminal at Hambantota Port.