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CSE investor sentiment plunges to negative territory over macro-economic worries

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By Hiran H.Senewiratne

Negative macro-economic factors have sent the CSE’s investor sentiment to negative territory. Prime Minister Ranil Wickremesinghe yesterday stated in parliament that Sri Lanka requires at least US $ 5 billion to provide essential items this year, including fuel, as monetary instability continued, market sources said.

Prime Minister Wickremesinghe said Sri Lanka needs US $530 million for fuel imports in June and over US $ 3.0 billion over the next six months. ‘For gas, $ 250 million was needed for the next six months and apart from that high oil prices at US$ 120 per barrel also negatively impact the economy, stock market analysts said.

On top of that, the inflation rate, especially food inflation, is more than 50 per cent, adding insult to injury. The Laugfs gas price hike is a clear signal for Litro gas prices to increase, analysts said.

Amid those developments, the CSE was overly negative throughout the day due to these macro- economic worries and political instability. Therefore, both indices moved downwards. All Share Price Index went down by 172 points and S and P SL20 declined by 25 points. Turnover generated was Rs 1.9 billion with two crossings. Those crossings were reported in Melstacorp, which crossed two million shares to the tune of Rs 80 million; its shares traded at Rs 40 and Citrus Waskaduwa, 16.8 million shares crossed to the tune of Rs 27 million; its shares traded at Rs 1.60.

In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 539 million (three million shares traded), Browns Investments Rs 211 million (25.6 million shares traded), Lanka IOC Rs 206 million (3.4 million shares traded), CT Holdings Rs 156 million (978,000 shares traded), LOLC Holdings Rs 64.7 million (139,000 shares traded), JKH Rs 62.8 million (511,000 shares traded) and LOLC Finance Rs 33.9 million (251,000 shares traded). During the day 95 million share volumes changed hands in 18,000 transactions.

Yesterday, the US dollar exchange rate was Rs 363.07, which was the floating rate. However, the task is to bridge the difference between the kerb market rate and the Central Bank rate.



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‘Green Chilies’ returns after seven years to reignite Sri Lanka’s advertising industry spirit

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After a seven-year hiatus, one of Sri Lanka’s most loved advertising industry gatherings is making a much-anticipated return. Green Chilies 2026, the iconic festival that once defined the fun, camaraderie and creative spirit of Sri Lanka’s advertising fraternity, returns on 4th June 2026 at Rise Up, Colombo 03, bringing together professionals from across agencies, media, digital, production and marketing for an evening of celebration, entertainment, and industry camaraderie.

Originally launched in 2011, Green Chilies was conceived as a platform to celebrate Sri Lanka’s Young Lions winners as they embarked on their journey to represent the country at the prestigious Cannes Lions International Festival of Creativity, while also creating a unique opportunity for the industry to come together outside boardrooms and deadlines.

This year’s revival comes at an especially meaningful time, as an entire new generation of industry professionals have entered the business without ever experiencing the culture and energy that made Green Chilies such a defining event. Some key highlights will be the recognition of the winners of the young Lions competition and the much-loved return of The Agency Idol, the wildly entertaining competition where agencies battle it out on stage in a spirited showcase of talent, humour, and creativity, bringing back one of the event’s most iconic traditions.

Speaking about the return of the festival, Ranil de Silva, Founder of Green Chilies and of Metal Factor, said: “When we first launched Green Chilies, the idea was simple. It was to celebrate our Young Lions and create something that brought the industry together as one community. Over the years it became far more than an event, it became part of our industry culture. Seeing it return after seven years is very special, particularly because so many young professionals will now get to experience the spirit that made this industry such a fun and inspiring place to be.”

Green Chilies 2026 is organized by Metal Factor and supported by the 4A’s Sri Lanka.

Event Details:

Venue: Rise Up, Alwis Place, Colombo 03

Date: Thursday, 4th June 2026

Time: From 6.30 PM onwards

Contact : Shelley +94 77 342 3123

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JKH posts 75% EBITDA growth to Rs.80.01 billion as recent investments begin to contribute

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Krishan Balendra, Chairperson and CEO

John Keells Holdings PLC (JKH) reported a strong financial performance for FY2025/26, with Group EBITDA increasing 75% to Rs.80.01 billion, reflecting the contribution of investments made over the past several years and the continued performance of the Group’s established businesses.

Group recurring EBITDA increased 71% to Rs.78.05 billion, compared to Rs.45.69 billion in the previous year, driven primarily by Retail, Transportation and Leisure. Recurring profit before tax rose 143% to Rs.35.72 billion, while recurring profit attributable to equity holders of the parent increased 155% to Rs.13.24 billion.

The year also marked the culmination of the largest investment phase in the Group’s history, with the operationalisation of key investments signalling a shift in the capital cycle from development to contribution. Overall funding requirements reduced materially in line with expectations, while net debt to EBITDA stood at approximately 2 times and net debt to equity at approximately 31%.

City of Dreams Sri Lanka recorded positive EBITDA for the full year, following the completion and launch of the remaining components of the integrated resort. Cinnamon Life’s conference and event spaces attracted interest from local and international organisers, while casino operations showed an encouraging pick-up from the fourth quarter onwards.

Colombo West International Terminal, the project company of WCT-1, recorded strong throughput growth during the year, supported by an improving volume mix. The business delivered a positive profit after tax ahead of expectations, despite recognising depreciation relating to phase 1, and has reached full utilisation of phase 1 capacity based on its latest monthly run-rate.

John Keells CG Auto recorded an exceptional year, supported in part by pent-up demand and the brand positioning and vehicle range of BYD.

The Supermarket business recorded approximately 14% growth in same store sales, driven primarily by a 14.3% increase in footfall. The Beverages and Confectionery businesses recorded strong volume growth, with Beverages benefiting from higher margins, while Confectionery margins were impacted by higher raw material costs and expenses linked to new product introductions.

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RCSS receives Chatham House Senior Research Fellow for discussion on South Asian Regionalism

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Dr. Chietigj Bajpaee, Senior Research Fellow for South Asia, Asia-Pacific Programme at Chatham House, visited the Regional Centre for Strategic Studies on 26 May 2026 and met with the ED/RCSS, Ambassador (Retd.) Ravinatha Aryasinha, and researchers at the Centre. The discussion focused on Regionalism in South Asia and evolving geopolitical developments in the region.

Ambassador Aryasinha detailed the recent and ongoing initiatives undertaken by the RCSS and its wide Alumni Network spread throughout the region in strengthening South Asian solidarity. Dr. Bajpaee impressed on the need to consider alternative forms of regional cooperation in South Asia given the absence of India–Pakistan normalization, resulting in the stagnation of SAARC and the growing pull towards external regional frameworks such as the Regional Comprehensive Economic Partnership (RCEP). The two parties explored possibilities beyond state-led regionalism, including stronger networks among civil society, think tanks, diaspora groups, and business communities, as well as thematic “mini-lateral” cooperation on issues such as climate adaptation and maritime governance.

Ms. Chamika Wijesuriya, Ms. Thedini Herath, and Shayan Peris, Research/Programme Officers at RCSS, were associated with the discussion.

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