Sri Lanka, June 10 -- On 3rd June 2019, the shares of Mahaweli Coconut Plantations Limited (MCPL) commenced trading on the Colombo Stock Exchange (CSE). MCPL is the first company to be listed on the CSE after a lapse of 15 months. MCPL was listed on the CSE through an Introduction which was managed by Merchant Bank of Sri Lanka & Finance PLC (MBSL). Subsequent to the listing the share price of MCPL was increased by 11% on the first day of trading on the CSE. The shares of MCPL traded at a price of LKR 65 on 7th June 2019.

MCPL is the first Coconut Plantation Company to be listed on the CSE. MCPL Managing Director, Felix Fernandopulle speaking at the ceremony stated that the company has had a consistent growth trajectory since inception, wh...