š Sri Lanka Stocks Rise at Midday Driven by Materials Sector
⢠Market Overview: CSE indices traded higher at Wednesday midday. The benchmark ASPI gained +0.52% (+109.11 points) to reach 21,163.12, while the S&P SL20 rose +0.60% (+35.84 points) to 5,964.70. ⢠Key Market Movers: - Top Gainers: Dialog Axiata (+1.51%), Commercial Bank of Ceylon (+0.62%), Hemas Holdings (+2.30%), Hatton National Bank (+0.59%), Ceylon Cold Stores (+2.29%), and Ambeon Holdings (+1.44%). - Top Losers: Malwatte Valley Plantations (-8.45%), Palm Garden Hotels (-6.61%), Richard Pieris and Company (-2.59%), and Distilleries Company of Sri Lanka (-0.19%). ⢠Turnover & Sector Breakdown: Total market turnover reached LKR 344.22 Bn (provisional midday figure). The Materials sector led activity with LKR 88.93 Bn, followed by Capital Goods with LKR 79.49 Bn. ⢠Corporate Highlights: Aitken Spence Hotel Holdings announced the allotment of its LKR 5 Bn 2026 debenture issue (5-year and 7-year listed rated unsecured senior redeemable debentures) for September 24, 2026, after receiving over 50 million subscriptions. Allocation included 37.5 million debentures for preferential investors, full allotment for applicants up to 100,000 debentures, and 100,000 plus 63.84% of the balance for larger applicants. Shares traded up +1.04% at LKR 87.50.