News & market updates

Colombo bourse ended lower: ASPI fell 0.38% to 21,148.71 and S&P SL20 dropped 0.26% to 5,946.03. Market turnover was nearly Rs.1.1bn, foreign investors were net sellers of Rs.710,860, with SPEN, CINS, COMB, ACL and RICH among the decliners.

Dividend · Rs 0.24 · XD Jun 5, 2026

Final dividend of LKR 0.24/share; XD 2026-06-05; record 2026-06-07; payable 2026-06-24; FY ended 31st March 2026

Sri Lanka's tea production fell 8.5% year-on-year in April 2026 to 24.22 Mn/Kgs, with Low Grown output down 14.4%. January–April cumulative output dropped 5.3% to 83.94 Mn/Kgs, and Asia Siyaka Commodities cited dry weather and reduced fertiliser use by smallholders.

Asia Siyaka Commodities said March tea exports fell 16% YoY to 19.7 Mnkg, leaving 1Q exports down 4.5% to 60.3 Mnkg. Rupee earnings held at Rs.109 billion due to currency depreciation, but dollar earnings fell 5% to $351m amid higher freight/insurance and Gulf shipping disruptions.

Tea production fell to 20.8 Mn kgs in March, down 14.5% YoY from 24.4 Mn kgs, hit by prolonged dry and hot weather; first-quarter output also slipped to 59.6 Mn kgs from 61.7 Mn kgs a year earlier.

Asia Siyaka Commodities PLC appointed Executive Director Chamara Dissanayake as CEO effective 1 April 2026 and named Shashike Silva and Kirk Wijesekera as Executive Directors. Dissanayake is currently SVP and Group COO and has experience advising the tea value chain, including as a consultant to the Asian Development Bank.

Colombo stocks closed in red, with the ASPI down 0.39% (92.40 pts) to 23,690.62 and the S&P SL20 down 0.71% to 6,681.12 on turnover of nearly Rs.3.7bn. Price losses in John Keells, Melstacorp and Nations Trust Bank were key negatives while ACL Cables, Access Engineering and Dialog were top turnover names.

Asia Siyaka Warehousing, a fully owned subsidiary of Asia Siyaka Commodities PLC (ASIY.N0000), became the world’s first tea logistics company to receive ZeroCarbon® certification. Its Muthurajawela warehouse also holds LEED and ISO 22000 certifications and can store up to 11 million kg of tea (29,000 pallet positions).

Colombo stock market ended the week up as the ASPI rose 0.14% to 23,801.96 while year-to-date net foreign selling approached Rs. 11.8 billion. Turnover was nearly Rs. 9.1 billion, led by banks and large crossings (notably Commercial Bank) with gains in ACME, JKH, Sampath, HNB, KZOO, Colombo Dockyard and Teejay.

ASPI ended marginally up at 23,960.16 (+0.03%) on turnover of over Rs.5.2bn. Capital goods led turnover (31%) driven by Colombo Dockyard and John Keells, while diversified financials and banks contributed 21% and foreign investors were net sellers of Rs.128.2m.

Asia Siyaka Commodities' wholly owned subsidiary Asia Siyaka Warehousing became the world's first ZeroCarbon® certified tea auction logistics company; it also holds LEED and ISO 22000 certifications, which the company says enhances competitiveness for tea exporters and 3PL clients.

Colombo market ended a three-day decline as ASPI rose 0.77% (174.03 pts) to 22,819.91 and S&P SL20 gained 0.30% to 6,298.75. Market turnover exceeded Rs.4bn with banking counters (led by Hatton National Bank and DFCC) dominating activity while foreign investors were net sellers of ~Rs.213.2m.

Dividend · Rs 0.23 · XD Nov 25, 2025

Dividend of LKR 0.23/share; XD 2025-11-25; record 2025-11-25; payable 2025-12-15; FY 2025/2026

CA Sri Lanka's Budget Seminar analysed the 2026 Budget, highlighting abolition of SVAT, introduction of e-invoicing and lowering the VAT/SSCL registration threshold from Rs.60m to Rs.36m — measures that may cause cash-flow pressure for exporters. The IRD said two special export refund units will expedite refunds within 45 days and low/medium-risk taxpayers will get refunds without pre-verification.

Colombo stocks rose for a second session as the ASPI gained 0.76% (156.05 pts) to 20,775.42 on turnover of Rs. 6.61bn, with foreigners net selling Rs. 580m. Commercial Bank, Hemas and Melstacorp were top positive contributors while Alumex posted a strong gain and Sierra Cables declined.

Colombo bourse rose for a second day as the ASPI gained 139.82 points to close at 20,753.21, with turnover at about Rs.7.4 billion boosted by several crossings. Selected Construction and Materials counters and names such as Access Engineering, Ceylon Tobacco and Cargills were among top contributors.

Colombo stock market closed the week lower: the ASPI fell 0.4% to 19,827 and the S&P SL20 lost 1.2%, with yesterday's turnover at Rs.3.26 billion. Diversified Financials led turnover (23%) driven by Galle Face Capital Partners; John Keells, Hemas, Prime Lands and Lankem were also top contributors.

Asia Siyaka Commodities’ Managing Director Anil Randolph Cooke was named an Honorary Member of the Colombo Tea Traders’ Association at its 131st AGM on 25 July. Cooke, co‑founder of Asia Siyaka, has led CTTA initiatives including the move to electronic auctions and the Ceylon Tea Road Map 2030.

Asia Siyaka reports June tea output fell 6.3% YoY to 21.69 Mnkg, but cumulative Jan–Jun production rose 6.1% YoY to 135.74 Mnkg, driven by gains in Low, High and Medium Growns and early July signs of recovery.

Dividend · Rs 0.23 · XD Jun 5, 2025

Final dividend of LKR 0.23/share; XD 2025-06-05; record 2025-06-05; payable 2025-06-25; FY 31st March 2025

Asia Siyaka Commodities said Sri Lanka's April tea crop rose 21% YoY to 26.3 Mnkg, the highest April output since 2021. January–April production rose 10% YoY to 88.3 Mnkg.

Asia Siyaka Commodities (ASIY.N0000) said Q1 tea export dollar earnings rose 5% YoY to $370.9m, an 11-year high. Export volume was 63.2m kg (FOB $5.87/kg) and a stronger rupee reduced rupee earnings to Rs.109.9bn.

Asia Siyaka Commodities reported Sri Lanka's March tea crop rose 25% to 24.4m kg and Q1 production reached 61.7m kg, up 6.2% year‑on‑year and at a three‑year high.

Colombo Tea Auction returned to in-person outcry at the Ceylon Chamber, selling 948 Ex-Estate lots (just under 1 million kg) and 6.4 million kg in total, with Asia Siyaka Commodities PLC opening the sale. The auction operated as a hybrid with concurrent digital sales and strong demand.

Asia Siyaka Commodities (Asia Siyaka) reported Sri Lanka exported 245.7 Mn kg of tea in 2024 worth about $1.435bn, a record FOB of $5.83/kg. The company noted higher USD export value despite lower farmer/estate rupee earnings due to LKR appreciation.