📈 Sri Lanka Stocks Rise 1.27% as DCSL Consolidates Beer Operations

• Market Indices: The benchmark All Share Price Index (ASPI) gained 1.27% (253.39 points) to reach 20,223.61 in early trade. The S&P SL20 index rose 1.16% (65.78 points) to 5,758.35. • Market Activity: Early market turnover stood at LKR 348.62 Mn, led primarily by the Diversified Financials sector with LKR 92.89 Mn. No major negative contributors were recorded. • Top Gainers: Key positive drivers included Distilleries Company of Sri Lanka (DCSL) up 5.19% to LKR 54.70, Sunshine Holdings up 5.07% to LKR 29.00, Dialog Axiata up 1.61% to LKR 44.20, Hatton National Bank up 1.40% to LKR 380.00, and Commercial Bank of Ceylon up 0.50% to LKR 200.00. • Corporate Restructuring: DCSL announced that its subsidiary, DCSL Breweries Lanka Ltd, transferred brewing, packaging, and distribution operations directly to DCSL PLC effective October 28, following Excise Department approval. DCSL will now manage hard liquor alongside beer brands (including Heineken, Tiger, Anchor, Aliya, Bison, and DCSL beer). The group noted this operational change will streamline retail trade without significantly impacting net profits.