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Macroeconomic arena developments boost share market

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By Hiran H.Senewiratne

The CSE turned negative yesterday due to profit- takings but during the last session the market showed some recovery on account of some stability in the macro- economic arena and on the political front in the country, stock market analysts said.

Developments in favour of the market were: A UK trade arrangement in favour of Sri Lanka, USAID assistance to David Pieris Company to introduce electric three wheelers instead of fuel- driven vehicles for the local market and approval for setting up two wind power projects in the North by the Adani Group by way of foreign direct investments. These initiatives created some confidence among stock market investors, market analysts said.

Sri Lanka shares slipped over 2 per cent for the second consecutive session, pushed down by retail shares LOLC, Hayleys and Expolanka on profit- taking. Both indices moved downwards. All- Share Price Index declined by 178.89 points (1.9 per cent) to end at 8907.35 and S and P SL20 declined by 56.92 points (1.87 per cent) to end the day at 2980.67.

Turnover stood at Rs 3.7 billion with two crossings. Those two crossings were reported in Citizens Development Business Finance, which crossed 1.1 million shares to the tune of Rs 220 million, its shares traded at Rs. 200 and JKH, 500,000 shares crossed to the tune of Rs 64 million; its shares traded at Rs 128.

In the retail market, top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 1 billion (5.7 million shares traded), Expolanka Holdings Rs 410 million (1.9 million shares traded), Browns Investments Rs 263 million (32 million shares traded), Agstar Rs 195 million (15.5 million shares traded), LOLC Holdings Rs 103 million (178,000 shares traded), Hayleys Rs 102 million (965,000 shares traded), and ACL Cables Rs 98 (1.3 million shares traded). During the day 129 million share volumes changed hands in 33000 share transactions.

.It said counters such as Expolanka Holdings, Browns Investments, LOLC and Hayleys, which have seen significant interest recently, closed lower following the session. Turnover remained strong, supported by retail and Hela Apparel activity. Lanka IOC and Expolanka accounted for a sizable portion of volumes (40.9% of turnover), however activity remained more broad- based as seen over previous sessions.

It is said that high net worth and institutional investor participation was noted in Hunas Holdings, Hela Apparel Holdings and JKH. Mixed interest was observed in Lanka IOC, Expolanka Holdings and ACL Cables, while retail interest was noted in Browns Investments, SMB Leasing and EML Consultants.

Energy sector was the top contributor to the market turnover (due to Lanka IOC), while the sector index gained 6.20 per cent. The share price of Lanka IOC increased by Rs 11.50 (6.88%) to close at Rs. 178.75.

The Capital Goods sector was the second highest contributor to the market turnover (due to ACL Cables) while the sector index decreased by 0.47 per cent. The share price of ACL Cables recorded a gain of Rs 9.80 (14.50 per cent) to close at Rs. 77.40.

Yesterday the Central Bank’s US dollar buying rate was Rs 357.31 and the selling rate Rs 368.68.



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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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