News & market updates

Colombo Stock Exchange closed higher as the ASPI rose 0.14% (29.77 pts) to 21,447.57 and the S&P SL20 gained 0.29% to 6,006.07, with market turnover Rs 1.49bn and banks leading turnover at Rs 74.9m. Bukit Darah declared a first interim dividend of Rs 5.73 per share, entitlement July 27, 2026.

UN Global Compact Network Sri Lanka hosted CATALYZE 2026: Environment, a two-day forum on corporate environmental sustainability; Sampath Bank was main partner and listed firms including Dilmah, Teejay Lanka, Hayleys, Talawakelle, Commercial Bank and Kelani Valley participated as partners or patrons.

Colombo market extended losses as the ASPI fell 1.03% for the week to 22,178.73 and the S&P SL20 fell 0.85% to 6,194.22. Market turnover topped Rs.1.5bn with foreigners net sellers of Rs.157.9m and notable moves from SAMP, CINS, JKH, RCL (weak) and DIAL, BUKI, CARS, AEL, COMB (positive/active).

Colombo Stock Exchange closed down as the ASPI fell 0.19% (43.18 points) to 22,178.73 on turnover of Rs.1.54 billion. Asia Asset Finance announced GM and rights timetable and Associated Motor Finance said its merger with L B Finance will become effective by 31 July 2026.

Teejay Lanka reported PAT of Rs. 54.7m, a 98% YoY decline, on revenue of Rs. 60.04bn (‑10% YoY) as weak global textile demand, US tariffs, pricing pressure and lower volumes hit margins. Cash was Rs. 8.3bn and NAV/share rose to Rs. 44.91 despite restructuring costs and provisions.

Teejay Lanka (TJL.N0000) reported PAT of LKR 54.7 million, a 98% YoY decline, on revenue of LKR 60.04 billion (-10% YoY) and gross profit down 36%. The deterioration was driven by weak global textile demand, US reciprocal tariffs, pricing pressure, lower volumes and higher rupee‑denominated costs; cash stood at LKR 8.3bn and NAV/share rose to LKR 44.91.

ASPI fell 0.75% (166.55 pts) to 22,011.10, extending losses to a third session with turnover over Rs.2bn and foreigners net sellers of Rs.410.26mn. Negative contributors included Dialog, Sampath, Ceylon Beverage, Ceylon Cold Stores and Colombo Dockyard; Teejay Lanka, John Keells and Commercial Bank led turnover.

The EPF's listed equity portfolio rose 27% to Rs. 188.85 billion at end-2025. The fund cut holdings from 65 to 59, fully exited six counters (Cargills Bank, Ceylon Hotels, Colombo Dockyard, Jetwing Symphony, LAUGFS Gas, Sierra Cables) and added Hemas (40m shares); gains were led by banks and diversified stocks.

Colombo Stock Exchange opened higher, ASPI up 0.71% to 21,571.61, led by consumer durables and apparel with Teejay Lanka contributing Rs.546.8 million to morning turnover. Commercial Bank and Nations Trust Bank were top positive contributors; National Development Bank was the top negative contributor.

Gulf escalation and shipping disruptions have hit Sri Lanka's tourism, tea and apparel sectors, pulling the bourse down 12.7% through March 20; plantation and apparel stocks plunged (Namunukula -30.6%, Agalawatte -22%, Teejay Lanka -20.6%) while Sunshine benefits from higher palm oil prices.

Teejay Lanka Plc has appointed Teruo Funahashi as a Non-Executive Director. Funahashi is a long-time Toray executive and is set to join Pacific Textiles as executive director, chairman and CEO from 1 April 2026.

Teejay Lanka PLC fully funded a new washroom facility at Ruwanwella Royal College and partnered with the H.E.R Foundation to deliver menstrual health and hygiene education to about 400 students and parents.

ASPI rose 0.24% to 23,709.84 with turnover above Rs.8.5bn and foreign investors net sold Rs.986.2m. Top positive contributors were HNB, RICH, CTEA, COMB and AEL; TKYO led materials-sector turnover (Rs.2.05bn) and JINS recorded a 7.8% price gain.

The Colombo Stock Exchange closed down for a second session as the ASPI fell 0.43% (103.17 pts) to 23,651.09 with turnover over Rs.3.54bn and foreign net selling of Rs.465.9mn. Top negatives included SFCL, CARG, CFIN and DOCK, while RAL and EMER were among gainers.

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.

Colombo market recovered as the ASPI rose 0.22% (52.82 pts) to 23,734.50, driven by high-net-worth crossings that made up 49.4% of turnover (COMB contributed Rs.3.2bn); market turnover was Rs.8.24bn and foreign investors were net sellers of Rs.1.3bn.

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recalibrated the MBSL Midcap Index effective 1 January 2026, setting the midcap market-cap range at Rs. 8.45 billion–Rs. 84.5 billion and selecting 25 constituents. New inclusions include Sierra Cables, Aitken Spence, Vallibel Finance, Lanka IOC, JAT Holdings and Prime Lands; Citizens Development, CIC, Ceylon Grain Elevators, John Keells, Hayleys Fabric, Teejay Lanka and Watawala Plantations were excluded.

Hatton National Bank won the Best Corporate Citizen Sustainability Award 2025 at the Ceylon Chamber of Commerce awards on 19 November. Multiple shortlisted firms were recognised across categories, including Commercial Bank, Hemas, Talawakelle, Elpitiya and Kelani Valley Plantations, Dilmah, Dipped Products, Haycarb, Hayleys, DFCC, Teejay Lanka, Singer and Softlogic Life Insurance.

Hatton National Bank won the 'Best Corporate Citizen Sustainability Award 2025' at the 22nd BCCS Awards. Listed companies from the shortlist recognised at the event include Commercial Bank, Hemas, DFCC (Green Bond project), Talawakelle TE (Category B winner), Elpitiya, Kelani Valley, Dilmah, Dipped Products, Haycarb, Teejay, Hayleys, Nawaloka Hospitals, Singer and Softlogic Life Insurance.

Teejay Lanka (TJL.N0000) reported quarterly profits plunged 80% to 149.8 million LKR and revenues fell 10% to 15.4 billion LKR; six-month profits dropped 61% to 357 million LKR. The company cited subdued global textile demand, pricing pressure and underutilized capacity and said it is monitoring US tariff developments.

Teejay Lanka (TJL.N0000) reported 1H 2025/26 PAT of Rs.0.4bn, down 61% YoY, with revenue of Rs.31.3bn (-4% YoY). Gross profit fell 22% to Rs.2.5bn due to lower demand and underutilised capacity; cash was Rs.9.4bn and NAV/share rose to Rs.43.59.

Teejay Lanka PLC reported H1 2025/26 PAT of LKR 0.4 bn, a 61% YoY decline, with revenue of LKR 31.3 bn (-4% YoY) and gross profit down 22% to LKR 2.5 bn. The group maintained liquidity (cash LKR 9.4 bn) and NAV per share rose to LKR 43.59, citing weak global demand and pricing pressure.

Teejay Lanka PLC has been invited to serve as Patron of the UN Global Compact Network Sri Lanka’s Sustainable Supply Chain & SMEs Working Group, underscoring its SBTi-validated targets and FY2024/25 GHG inventory of 676,666.38 t CO2e. The company is advancing digital traceability (TextileGenesis, Origin, SAP HANA) and will align reporting with IFRS S1/S2.

The Colombo Stock Exchange held the 7th CSE Masterminds Quiz, with Acuity Knowledge Partners (Team 2) winning the grand cash prize of Rs. 1,000,000. Sector winners included Dialog Finance (Leasing & Finance), John Keells Stock Brokers (Stock Brokering) and NDB Wealth Management, and many listed firms participated as sponsors.

Sri Lanka's apparel sector reported notable sustainability progress, with Teejay Lanka expanding renewable energy to 14% of consumption and Hayleys Fabric PLC publishing its GreenCatalyst ESG Roadmap 2030 highlighting circularity and climate action.

Colombo Stock Exchange will host the 7th CSE Masterminds Quiz on 17 October 2025, offering prizes worth over Rs. 3.5 million (champion Rs.1,000,000; 2nd Rs.500,000; 3rd Rs.375,000). Sponsors from the shortlist include Ex-Pack, Sarvodaya Development Finance, Alliance Finance, Teejay Lanka, NDB (via NDB Capital) and HNB Investment Bank.

Colombo Stock Exchange will hold the 7th CSE Masterminds Quiz on 17 October 2025 offering over Rs. 3.5 million in prizes; sponsors include listed firms such as Teejay Lanka (TJL.N0000), Hatton National Bank (HNB.N0000), Alliance Finance (ALLI.N0000), Sarvodaya DF (SDF.N0000), Ex-Pack (PACK.N0000) and NDB (NDB.N0000).

Colombo Stock Exchange closed higher as the ASPI rose 1.30% to 20,619 with turnover of Rs 6.21bn, led by gains in banks and capital goods. Key risers included Commercial Bank, Sampath Bank, HNB, Aitken Spence, DFCC and active trading in Sierra Cables.

Colombo market closed marginally up as the ASPI rose 0.2% (47 points) on turnover of Rs.7.46 bn while the S&P SL20 fell 0.2%. Dialog, Ambeon, Bukit Darah, Carson Cumberbatch and LOLC led gains, with EB Creasy, Sierra Cables, LVL Energy Fund and Raigam Wayamba also active and recording price gains.

Colombo market rebounded as the ASPI rose 38 points (+0.2%) and S&P SL20 gained 6 points (+0.1%), with turnover up to Rs.5.1 billion led by Teejay Lanka, Sierra Cables and Sampath Bank. Construction and banking stocks led gains; DFCC, SAMP and DIAL were top index movers and foreigners net bought Rs.56.1m.