News & market updates

Colombo Stock Exchange fell 0.34% (68.23 pts) as selling pressure on John Keells Holdings and profit taking in diversified financials weighed on the market; JKH, Melstacorp, DFCC, Vallibel One and Commercial Bank were top negatives while Hatton National Bank gained.

Delmege Insurance Brokers, a member of the Delmege Group, was ranked No.1 in Sri Lanka for the second consecutive year with an 8.3% market share in the IRCSL Global and Local Insurance Outlook 2024. Vallibel One PLC's managing director, who also heads the Delmege Group, commented on the milestone.

Colombo bourse extended gains as the ASPI closed at 19,092 (up ~47 points) on turnover of Rs.5.9bn; banking led activity (23%) and top contributors included DFCC, NDB, AEL, HNB and ASHO, while foreigners were net sellers of Rs.38.2m.

Profit-taking dragged the Colombo market down, with ASPI closing 8 points lower (‑0.04%) at 18,877 on turnover of Rs.6.2bn and foreign net selling of Rs.115.2m. COMB, MELS, SAMP and NDB were top negative contributors while JETS, SERV and AEL recorded gains.

Vallibel One's Delmege Group partnered with Hettich to inaugurate Hettich's first company-owned Experience Centre in Colombo, a roughly 3,500 sq. ft. showroom of premium furniture fittings, architectural door hardware and furniture lights.

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Vallibel One (VONE.N0000) has partnered with Warisandor to introduce certified premium fireproof doors to the Sri Lankan market. The move targets real estate and hospitality sectors and brings BOMBA- and SIRIM-certified fire-rated door solutions to local projects.

Vallibel One's Delmege Forsyth Energy was appointed the authorised Macro Distributor for Shell Lubricants in Sri Lanka on 11 June 2025, establishing a partnership to distribute Shell's lubricant products nationwide.

Vallibel One PLC's Delmege Forsyth Energy has been appointed the authorized Macro Distributor of Shell Lubricants in Sri Lanka, forming a partnership to bring Shell's lubricant products to local consumers and industries.

Vallibel One (VONE.N0000) reported FY2024/25 consolidated revenue of Rs.122.8bn and PAT of Rs.16.02bn. EPS rose to Rs.10.34 and NAV/share to Rs.95.74, with group assets and equity up; LB Finance (LFIN.N0000) posted PAT of Rs.10.86bn for the year.

Vallibel One's Delmege Energy has appointed Ashan Silva and Jacques Gunawardena as brand ambassadors to promote Shell car and motorcycle lubricants in Sri Lanka. The ambassadors will feature in digital campaigns, live activations and workshops to boost awareness and engagement for Shell lubricants.

Foreign investors were net buyers with a Rs. 510.4 million inflow as the ASPI rose 0.12% and turnover was Rs. 2.43 billion; key contributors included John Keells, Vallibel One, Commercial Bank, Dialog and others.

Colombo Stock Exchange closed higher in a shortened session, with the ASPI up 45 points to 15,962 (S&P SL20 +0.22%). Turnover was about Rs.1.48–1.5 billion and foreign investors net sold Rs.177.3 million; key contributors included MELS, WIND, SPEN, SAMP and heavy turnover in CTC, BIL and KOTA.

Swisstek (Ceylon) PLC disclosed that its subsidiary Swisstek Aluminium raised Rs. 807 million via a rights issue (16 for 29 at Rs.11), allotting 73,365,266 shares and raising stated capital to Rs. 1.409 billion. The subscription reduced PARQ's holding in the subsidiary to 67.987% (potentially 66.772% if remaining minorities accept) and remaining entitlements were renounced in favour of Vallibel One.

Colombo market closed lower as the ASPI fell 60 points to 15,848 despite net foreign inflows of Rs.133.8m and turnover of Rs.1.6bn (down 23.4% vs monthly average). Banking-led turnover (HNBN top at Rs.297m) saw HNB, CINS, JKH, DFCC and CFIN drag the market while CCS and Richard Pieris attracted buying.

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.

The ASPI fell 1.6% (255 points) as selling continued with banking and blue-chip stocks leading declines; turnover was Rs. 1.7bn (below the monthly average) and foreign investors were net sellers of Rs. 50.5m.

Vallibel One's Delmege unit announced a strategic franchise partnership with Hettich to introduce Hettich's full range of German-engineered furniture hardware, built-in kitchen appliances and door hardware across Sri Lanka via Delmege's distribution network.

Vallibel One’s Delmege unit has signed a strategic franchise partnership with Hettich to introduce a full range of German-engineered furniture hardware, kitchen appliances and door hardware in Sri Lanka. Products will be distributed through Delmege’s nationwide network to retail and commercial customers.

Delmege Forsyth Energy, part of the Vallibel One group, has been appointed the sole Macro Distributor of Shell Lubricants in Sri Lanka. The partnership will expand Shell's premium lubricants distribution across automotive, industrial and marine sectors in the country.

Vallibel One appointed Jonathan Alles as an Independent Non-Executive Director. Alles is the former MD/CEO of Hatton National Bank with over 37 years' banking experience and was recently also appointed to the boards of United Motors, Ceylon Beverage, Lion Brewery and Hayleys.

Vallibel One PLC has appointed four new board members — Manil Jayesinghe, Romany Parakrama, Kamani Weerasinghe and Anura Fernando. The additions expand the group's board to include ten directors alongside chairman Dhammika Perera and co-chairman Harsha Amarasekera.

Vallibel One/Delmege (VONE.N0000) won Kellogg’s 'Best Country' and 'Best General Trade' awards at the Kellogg’s Asia Expansion Markets Annual Meet 2024 in Kathmandu, recognising its market penetration and general trade sales/distribution performance.

Vallibel One (VONE.N0000), through Delmege Consumer, won Kellogg’s 'Best Country' and 'Best General Trade' awards at the Kellogg’s Asia Expansion Markets Annual Meet 2024 in Kathmandu, recognising strong market acceptance and general trade sales/distribution performance.

The ASPI rose 0.67% to 14,614 as the Colombo bourse closed higher with turnover of Rs. 6 billion and a net foreign inflow of Rs. 100.7 million. Banking led turnover (20%) and HNB, DIMO, Vallibel One, Central Finance and CTC were among the top positive contributors.

Delmege Insurance Brokers Ltd (a Vallibel One subsidiary) was ranked number one in Overall Insurance Brokering Business in the Insurance Regulatory Commission of Sri Lanka's 2023 outlook, reporting a 7.9% overall market share (8.2% general, 4.8% long-term).

Delmege Insurance Brokers was ranked number one in the Overall Insurance Brokering Business in the Insurance Regulatory Commission's Global and Local Insurance Outlook 2023, with 8.2% general, 4.8% long-term and a 7.9% overall market share. The firm's MD is also Managing Director of Vallibel One, linking the accolade to Vallibel One.