News & market updates

LOLC sold part of its stake in Digital Mobility Solutions Lanka (PickMe) while foreign fund Tundra increased buying; PickMe dominated turnover with Rs.1 billion on 23.4 million shares and closed at Rs.132.75 (up Rs.0.50). Several other listed names saw notable turnover and mixed price moves.

ASPI rose 100.55 pts to 20,571 and the S&P SL20 topped 6,000 as turnover hit Rs.10.8–10.9bn, led by banking stocks; key contributors included Commercial Bank, Hatton National Bank, Carson Cumberbatch, Sampath Bank and Bukit Darah, while Digital Mobility Solutions also saw heavy trading.

Colombo bourse rose 252.16 points (1.25%) as ASPI closed at 20,471 with turnover Rs.7.74bn; banking sector led turnover (28%) and top contributors included COMB, CARS, MELS, JKH and DFCC, while some stocks (e.g. PKME) fell.

Colombo market closed flat as the ASPI fell 0.23% (47 pts) to 19,929 with turnover around Rs.7.1bn and foreign net selling of Rs.28.5m amid profit-taking. Transportation led turnover (20%) driven by Digital Mobility Solutions Lanka, while banking contributed strongly with activity in Sampath Bank and HNB.

Colombo market closed marginally higher as ASPI rose 0.01% to 19,976 on turnover of Rs.4.46bn with net foreign inflow of Rs.498.3mn. Transportation led turnover driven by Digital Mobility Solutions Lanka (PKME) which rose to Rs.105.75, while AMF, LVEF, HNB, CTC, LLUB and BERU saw notable activity.

Colombo's ASPI closed flat at 19,975.50 while the S&P SL20 dipped 0.19% to 5,815.64. Ceylon Tobacco said June-quarter volumes recovered to 490 million sticks and profits rose 2% to 7.3 billion rupees, while Haycarb's June profit fell 30% to 517 million rupees.

ASPI rose to a record 19,914 (+1.38%, +272 pts) as investor confidence from a favourable US tariff ruling and strong interim results lifted the market. Banking and materials led turnover, with HNB, JKH, COMB, DFCC, NDB, PABC, DIPD, PKME, CBNK and COOP among the top contributors.

Digital Mobility Solutions Lanka PLC (PickMe) reported Q1 FY2025/26 consolidated revenue of Rs. 1.8bn, up 50% YoY, with operating profit rising 106% to Rs. 602m and net profit up 96% to Rs. 437m. Platform volume, GTV and monthly unique users also increased to record levels.

Colombo market slipped as the ASPI fell 1.3% (234 pts) to 17,427 and the S&P SL20 dropped 1.6%, with turnover around Rs.4 billion. Diversified financials led turnover while HNB, MELS, DFCC, SAMP and JKH pressured the index; Capital Alliance and Central Finance saw notable moves.

Digital Mobility Solutions Lanka PLC (PickMe) is entering an AI-powered era with technology investment in excess of Rs.1.0 billion annually; the company reported a 70% increase in profit before tax for FY24/25 and proposed a Rs.2.30 per share dividend.

ASPI rose 138 points (0.8%) to 17,353 as the CSE extended its rally on turnover of Rs.7.37bn, led by heavy trading in CDB and CFIN; notable price gains were seen in CDB, CFIN, CTC, HHL, CIC and SUN, while SPEN topped net foreign buying and PKME topped net foreign selling.

ASPI rose 234 points (1.4%) to 17,214 on turnover of Rs.7.37bn, led by banking stocks with HNB, SAMP and COMB among top contributors. Turnover was 72% above the monthly average and foreigners recorded a net outflow of about Rs.273.6m.

Colombo market closed the week higher as the ASPI rose 39 points to 16,855, led by gains in HAYL, CALH, COMB, NDB and RIL; total turnover was Rs. 5.2 billion and foreign investors recorded a net outflow of Rs. 441.6 million.

Dividend · Rs 1.30 · XD Jul 1, 2025

Final dividend of LKR 1.3/share; XD 2025-07-01; record 2025-07-01; payable 2025-07-21; FY 2024/2025

Colombo market extended gains as the ASPI rose 0.33% and the S&P SL20 0.19% on turnover of Rs.4.3 billion, while foreigners were net sellers of Rs.162.7 million. Hemas, Commercial Bank, Aitken Spence, Sampath and Digital Mobility were top contributors; John Keells and Hatton National Bank fell.

Standard Chartered hosted the 'Transact Digital – Corporate Masterclass' on 22 May 2025 to accelerate Sri Lanka's move to a digital financial ecosystem, focusing on digital clearing and transaction adoption. Speakers included Digital Mobility Solutions Lanka CFO Maduranga Kulathilaka.

Standard Chartered hosted the 'Transact Digital – Corporate Masterclass' on 22 May 2025 to promote digitisation of financial transactions in Sri Lanka; the event featured industry speakers including Maduranga Kulathilaka, CFO of Digital Mobility Solutions.

Colombo bourse closed the shortened week with the ASPI up 2.9% and S&P SL20 up 3.5%, average daily turnover Rs.3.67bn, led by gains in JKH, LOLC, CARS, EBCR and SAMP; foreigners recorded a net inflow of Rs.157.2m.

ASPI fell 1.7% to 14,876 with the S&P SL20 down 2.4%; turnover was Rs.3 billion and there was a Rs.1 billion net foreign inflow led by John Keells (Rs.665m). Banking names (Sampath, Commercial Bank, Hatton) and Hayleys were among the main laggards while capital goods drove turnover.

ASPI rose 33 points (0.2%) as turnover hit Rs.1.9 billion, led by crossings in Hatton National Bank, Commercial Bank and CIC Holdings; banking stocks were the main drivers while materials also saw heavy trading.

Sri Lanka stocks closed marginally up as the ASPI rose 0.21% to 15,912.61 while the S&P SL20 fell 0.16% to 4,759.06; turnover was 1.9 billion rupees and net foreign outflow was 140 million rupees.

Digital Mobility Solutions Lanka (PickMe) reported December-quarter profit up 38% to 292 million rupees, with revenues up 40% to 1,524 million rupees and earnings of 88 cents per share. Management said growth was driven by higher platform usage, more trips per driver and lower average fares (~Rs 65 vs Rs 100).

Sri Lanka stocks fell, with the ASPI down 1.01% to 16,566.27 as investors awaited next week's government budget; turnover was low at Rs 2.07 billion and net foreign outflows totalled Rs 35.5 million, with financials and capital goods weighing on the market.

Digital Mobility Solutions Lanka (PickMe) reported its highest quarterly Group operating profit for Oct–Dec 2024: 3Q operating profit rose 45% to Rs. 396 million and profit after tax was Rs. 293 million. The group declared a Rs. 1 interim dividend, logged nine-month revenue of Rs. 4.1 billion (up 47% YoY), and its shares have risen since the October IPO.

Colombo market opened the holidays-shortened week higher as the ASPI rose 1.4% and the S&P SL20 rose 2% on turnover of Rs.4.4bn, supported by lower T-bill yields and strong banking and blue‑chip buying (notable contributors: SAMP, DFCC, NDB, HNB, COMB, JKH).

ASPI fell 0.15% (24 pts) to 15,855 as profit-taking continued, with turnover Rs.4.56bn and net foreign outflow of Rs.48.3m. Banks and diversified financials led turnover (22% and 38% combined), with HNB, CFIN, HHL, Browns Investments and John Keells among notable movers.

Colombo bourse fell with the ASPI down 1.06% and S&P SL20 down 1.14%, while net foreign inflow was Rs. 188.1 million. Banking led turnover (25%) and several stocks (SAMP, COMB, CINS, RICH, NDB) were top negative contributors; JKH, HHL and BIL recorded small gains.