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 Ceylon Chamber will host the Sri Lanka Climate Summit 2026 on 9 June in Colombo to focus on business climate readiness, investment readiness and unlocking climate finance. Participants include the Environment Minister, ADB, UN agencies, Commercial Bank CEO and Aitken Spence sustainability leadership.
Colombo Stock Exchange slid midday as the ASPI fell 0.91% (200.70 pts) to 21,810 and the S&P SL20 fell 0.96% to 6,039. Hemas and Colombo Dockyard were positive contributors while Dialog Axiata, HNB, Commercial Bank and John Keells were top decliners; United Motors Lanka announced a 40 cents/share dividend.
Colombo Stock Exchange will host a free online workshop on 23 June 2026 (1:00–4:30pm) to guide corporates on implementing the ISSB/IFRS Sustainability Disclosure Standards (IFRS S1 and S2). Sri Lanka adopted SLFRS S1/S2 effective 1 Jan 2025, with phased mandatory compliance across listed entities through 2027.
Ada Derana·Jun 3, 2026·Regulatory or legalNegative
The US has announced new 10–12.5% tariffs on imports from 60 trading partners over forced-labour concerns, a group that accounts for about 99.4% of US imports. The measure follows an investigation finding the countries failed to prohibit or enforce bans on goods made with forced labour.
Colombo Stock Exchange closed lower as the ASPI fell 0.75% to 22,011.10. Top contributors included John Keells and Lion Brewery on the upside, while Dialog Axiata, Sampath Bank, Ceylon Beverage Holdings and Ceylon Cold Stores led declines; Maharaja Foods opened a new outlet and its shares fell 2.23%.
Consumer Staples (FMCG)
Ada Derana·Jun 3, 2026·Award or certification·JKHPositive
John Keells Holdings' Consumer Foods Sector graduated 36 participants from the "Aspire" Executive Development Programme 2025, strengthening leadership capability across its food brands. The sector ran the programme with the Postgraduate Institute of Management to build strategic, cross-functional and business leadership skills.
Maharaja Foods opened a Maharaja Super – SPAR Savemore outlet in Kotahena under a partnership with SPAR Sri Lanka and plans four new Colombo outlets. The company raised LKR 112.5 million via a 1-for-10 rights issue of 12.5 million shares at LKR 9.
Colombo Stock Exchange dipped midday as the ASPI fell 0.10% to 22,155.45 with market turnover at 981 million rupees; Consumer Durables & Apparel led turnover at 348.1 million rupees. Central Finance, Hemas and Browns gained, while Access Engineering, Ceylon Cold Stores and Sampath Bank were down.
Continental Cars & Commercials launched the Volkswagen Taigun and Virtus in Sri Lanka at BMICH on 28 May 2026, introducing Volkswagen passenger vehicles to the market. The launch, with Skoda Auto Volkswagen India, includes plans for showrooms, after‑sales infrastructure and technical training.
Colombo market fell for a second day as ASPI slipped 0.39% to 22,177.65 and the S&P SL20 eased 0.32% to 6,130.65 on turnover of Rs.2.01bn. Notable moves: Ceylon Cold Stores, Haycarb and Pan Asia Banking gained, John Keells was flat, with mixed or retail interest in several other stocks.
Colombo Stock Exchange fell with the ASPI down 0.39% after the Central Bank raised the Overnight Policy Rate by 100 basis points to 8.75%. Kerner Haus Global Solutions (CPRT.N0000) filed a rights issue to raise 420.12 million rupees (10,502,975 shares at Rs.40).
The LMD-PEPPERCUBE Business Confidence Index rose seven points to 148 in May. Consecutive fuel price hikes, a roughly 5% fall in the Sri Lankan rupee year-to-date, higher electricity tariffs and a US$267m drop in official reserves have kept business sentiment fragile amid geopolitical tensions and rising cybercrime concerns.
Fuel & Energy PricesRupee & ForexIT & DigitalConsumer Staples (FMCG)
The IMF completed its combined Fifth and Sixth reviews under Sri Lanka's EFF and released US$695m, bringing total IMF disbursements to US$2.4bn. The IMF cut 2026 growth to 3.0% and warned that higher fuel costs, a sharp drop in tourism and cyclone damage have flipped the current account to a projected 0.5% of GDP deficit.
Fuel & Energy PricesTourismIT & DigitalConsumer Staples (FMCG)
Colombo bourse closed lower with the ASPI down 0.21% to 22,695 as investor sentiment remained subdued after the CBSL rate hike; market turnover was over Rs. 1.7 billion.
Vehicle imports rose to $208 million in April from $195 million in March, taking cumulative Jan–Apr 2026 imports to $821 million, CBSL data shows. The government gazetted SSCL amendments lowering the registration threshold and revised levy application on imported vehicles (effective 1 May 2026) and extended a 50% customs duty surcharge to some LCs.
Sunshine Holdings reported consolidated FY26 revenue of Rs.65.9 billion, up 11.2% YoY. PAT was Rs.5.0 billion (down 2.5% YoY) as NMRA pricing cuts weighed on healthcare margins, and the group acquired a majority stake in Joint Agri Products Ceylon Ltd to bolster exports.
Pink Eagle Holdings (Pvt) Ltd is expanding its diversified group globally across tea exports, logistics, food manufacturing, hospitality and digital retail, highlighting Continental Tea's ADRA Ceylon 10th anniversary and launches such as the Avanti freight app and Pink Panda marketplace.
Sri Lanka raised retail fuel prices effective May 31 (Auto Diesel +Rs15 to Rs407/L; Octane 92 +Rs24 to Rs434; Super Diesel +Rs20 to Rs478; Super Petrol +Rs25 to Rs495; Kerosene +Rs20 to Rs285), as the fuel import bill more than doubled to US$886m in April and prices near 2022 crisis levels.
Fuel & Energy PricesRupee & ForexConsumer Staples (FMCG)
Cargills (Ceylon) PLC reported a March-quarter profit of Rs2.63bn, up 31% y/y, and FY profit of Rs10.61bn (from Rs7.22bn); quarterly revenue rose 16.8% to Rs69.52bn. The group reduced net debt to Rs16.1bn, recorded non-recurring losses (Rs858m cyclone damage; Rs328m on disposal of a 6.54% stake in Cargills Bank) and warned of energy and currency pressures that could moderate consumption.
Consumer Staples (FMCG)Fuel & Energy PricesRupee & Forex
Sri Lanka Customs exceeded its May revenue target of 187.8 billion rupees before month-end, collecting 100.1 billion in the first 26 days and marking the fifth consecutive month of outperformance; it has reached 51% of the 2,207 billion annual target in the first 146 days as enforcement and rebounding imports boost collections.
Hayleys PLC reported FY2025/26 revenue of Rs.585.02 bn (up 19%) and consolidated Profit Before Tax of Rs.38.04 bn (up 4%). Consumer & Retail revenue rose 44% to Rs.156.74 bn, Q4 revenue grew 29%, the group completed a Rs.9 bn rights issue and Fitch affirmed a 'AAA (lka)' rating.
Sri Lanka's CCPI rose to 5.5% in May 2026, a 27-month high driven by a c.40% fuel price increase that pushed up both food and non-food items. The central bank this week raised the policy rate by 100 basis points to curb demand-driven inflation.
Interest RatesFuel & Energy PricesConsumer Staples (FMCG)
Colombo headline inflation rose to 5.5% year‑on‑year in May 2026 from 5.4% in April, driven by higher non-food prices—notably housing, L.P. gas and petrol—while food inflation eased to 0.9%. Core inflation edged up to 3.9% and inflation is expected to remain above the 5% target near term.
Interest RatesFuel & Energy PricesConsumer Staples (FMCG)
United Motors Lanka PLC reported a Group profit of Rs. 3.61 billion for FY26, up from Rs. 73 million a year earlier. The recovery followed the lifting of the vehicle import ban, with Group revenue rising to Rs. 52.36 billion and strong after-sales and trailer exports supporting results.
The National Chamber of Exporters is pressing for a clear timeline as Sri Lanka's accession to the Madrid Protocol remains in the legislative phase, with the Legal Draftsman's Department finalising required statutory amendments and NIPO set to prepare an Action Plan once the draft is submitted. Joining the Madrid system would let exporters seek international trademark protection via a single application, lowering costs for sectors like tea, apparel, spices, gems, IT services and processed foods.
President Anura Kumara Dissanayake declared 15 categories of public services — including electricity, fuel distribution, healthcare, transport, ports/airports, water, telecoms, banking and insurance — as essential under the Essential Public Services Act to ensure uninterrupted services in post-disaster conditions.
Fuel & Energy PricesHealthcare & PharmaIT & DigitalConsumer Staples (FMCG)