ECONOMYNEXT – Sri Lanka’s stock market ended the week on a positive note, with both indices closing up on Friday.
The All Share Price Index was up 0.97 percent, or 217.65 points, at 22,633.80; and the S&P SL20 was up 0.58 percent, or 36.39 points, at 6,263.03.
Market turnover was 11.28 billion rupees.
Hayleys’ purchase of a 40 percent stake in Harischandra Mills contributed 2.58 billion rupees to the turnover.
Asia Securities were advisors to the transaction.
Related
Sri Lanka’s Hayleys buys into Harischandra Mills
Harischandra stock jumped 50 percent, increasing by 2,474.75 rupees to close at 7,424.50.
Hayleys stock closed up 1 rupee at 191.
Meanwhile Maharaj Food announced a dividend of 10 cents per share, and said it was planning a rights issue to raise 112.5 million rupees – part of which will fund its venture with Spar.
Related
Sri Lanka’s Maharaja Foods to raise Rs112.5mn from rights issue
Kotagala Plantations said its rights issue was oversubscribed and it had received a total subscription of 76,422,917 rupees.
Top contributors to the ASPI were C T Holdings (up 45 rupees at 702), Harischandra Mills, Cargills (Ceylon) (up 32.75 rupees at 801.25), John Keells Holdings (up 30 cents at 21.80 rupees), and DFCC Bank (up 3.25 rupees at 159.25). (Colombo/Oct17/2025)
The post Sri Lanka stocks boosted by Hayleys buying Harischandra Mills stake appeared first on Veritas News.
