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June 12, 2025 at 04:50 AM
*BRS News Flash 12.06.2025:*
β’ The Colombo Bourse ended the day in green, with the benchmark ASPI index gaining 157.36 points (+0.90%), closing at 17,657.60, while the more liquid S&P SL20 index up by 77.21 points (+1.48%) to close at 5,286.16. Counters such as JKH, HNB, NDB, DFCC, and SAMP led the ASPI's appreciation. ππ
*Source:* https://research.bartleetreligare.com/reports/brs-traders-daily-digest-11062025-1207
β’ The LOLC Finance PLC (LOFC) Board of Directors in order to optimise its shareholder value while maintaining the companyβs financial stability, has resolved to repurchase 3,519,065,138 shares at Rs. 6 each in a deal worth Rs. 21.1 billion. πΌπ°
*Source:* https://www.ft.lk/front-page/LOFC-announces-mega-Rs-21-b-share-buy-back-offer/44-777634
β’ Hela Apparel Holdings PLC (HAH) has announced further progress in its ongoing strategic restructuring of its global operations. ππ€
*Source:* https://www.ft.lk/front-page/Hela-Apparel-divests-two-subsidiaries-for-Rs-2-7-b-as-part-of-ongoing-restructuring/44-777632
β’ State-run Ceylon Electricity Board was given the go ahead to raise tariffs by 15 percent from June 12, the Public Utilities Commission of Sri Lanka said. π‘β¬οΈ
*Source:* https://economynext.com/sri-lanka-electricity-tariff-hiked-15-pct-from-june-12-224987/
β’ Sri Lanka is expected to outperform its fiscal target for the third consecutive year in 2025, as more vehicle import duties enter the coffers, the Economic Intelligence Unit (EIU) said. π±π°π
*Source:* https://www.themorning.lk/articles/6NSMvlkiPGhPATjbqXOh
β’ Sri Lankaβs tea auction prices have become increasingly misaligned with rising labour costs, as prices at auctions have at times declined due to market volatility, even as wages have continued to rise, said Kelani Valley Plantations PLC and Talawakelle Tea Estates PLC Managing Director Roshan Rajadurai, at a conference organised by Regenagri in Colombo yesterday (11). βπ°
*Source:* https://www.themorning.lk/articles/alEwHCEzxz8pmtAZmTTT
*BRS Equity Research*