ASPI (+30 points, +0.59%)

S&P SL20 (+10 points, +0.45%)

Turnover US$m

Market Indicators as at
6 August 2020
 : 7 August 2020

Local News:

SLPP allies in North and East add five more seats to give the government a two-thirds majority (Economy Next)

The National Elections Commission has announced that the governing Sri Lanka Podujana Peramuna won 145 seats in the 225-member unicameral parliament and smaller allies in the minority-dominated Northern and Eastern province collectively won 5 seats taking the alliance up to 150 seats.

Aitken Spence to reopen five Maldives resorts before 01 September 2020E (Daily Mirror)

Aitken Spence Hotel Holdings (AHUN) has announced that five of the hotel group’s Maldives resorts will reopen to international guests by 01 September 2020E. The luxurious five-star resort of Adaaran Prestige Vadoo was the first of Aitken Spence’s Maldives properties to welcome back guests in the Maldives on 27 July 2020 with four other properties expected to open by 01 September 2020E.

Corporate Announcement:

It was announced that Watawala Tea Ceylon Limited, which is a fully owned subsidiary of Estate Management Services (Private) Limited, which in turn is a fully owned subsidiary of Sunshine Holdings (SUN), has entered into a share sale and purchase agreement with the current shareholders of Daintee Limited on 06 August 2020 to purchase 100% shareholding amounting to 10mn ordinary shares at a total consideration of Rs.1.7bn subject to terms and conditions of the agreement.

Results for the period ended 30 June 2020:

SUN reported a 1Q21 net profit of Rs.321mn (-4% YoY)

Talawakelle Tea Estates (TPL) reported a 1Q21 net profit of Rs.107mn (vs. a 1Q20 net profit of Rs.5mn)

Client Login

Register with us here to get access to our research reports, valuation guides, featured reports and to manage your account details

Daily Report

Provides brief coverage of daily market statistics, corporate announcements and results of listed companies on the CSE

Online Trading

Equity trader platform for investors to access market data, trading information and to place orders from your smart device & personal computer

In-depth Research

Detailed research coverage on the socio-political landscape, the economy, the market and listed companies. Pro-active advice to clients on market dynamics, stock positions and the broader economy.
Learn More

Superior Trade Execution

A highly experienced sales team, a strong presence in the institutional market and established dealing networks which enable the company to meet the trade execution requirements of clients. Pro-active advice to clients on market dynamics, stock positions and the broader economy.
Learn More

Online Trading

A highly secure, efficient online trading platform to manage your portfolio and transactions

Quick Links

Get in touch with us today

+94 11 255 2290

3 + 1 =