Colombo market rebounded as the ASPI rose 1.09% (222.54 pts) to 20,640.63 on turnover of Rs.5.27bn, while foreign investors were net sellers of Rs.191.2m. Banking led turnover (34%) driven by HNB crossings of Rs.607.7m; top movers included DOCK, RIL, AEL, MELS and ACL.
Fuel & Energy PricesIT & DigitalConsumer Staples (FMCG)
Colombo Stock Exchange ASPI rose 1.65% (335.95 pts) to 20,754.04, led by capital goods and banking. Colombo Dockyard jumped 8.74% and Access Engineering rose 4.46%; Ambeon Holdings announced a 1-for-4 share subdivision and Ceylon Land & Equity reported transfer of 241m rights.
Ambeon Holdings announced a 4-for-1 share subdivision, increasing ordinary shares from 356,869,666 to 1,427,478,664. The stated capital stays at LKR 5,331,775,177 and the subdivision is subject to CSE and shareholder approval.
Daily FT·Mar 18, 2026·Major contract or order·HAYLPositive
Cabinet approved a Rs. 2,269.18 million contract to the JSL & Fentons JV (Jyoti Structure Ltd and Hayleys Fentons) to construct a 28 km 220kV double-circuit transmission line for the Mullikulam Wind Power Transmission Project, strengthening grid connectivity and renewable integration.
Colombo Stock Exchange has lost over Rs. 1.1 trillion in value since the Middle East war began, with the ASPI down 2.49% (521.17 pts) to 20,418.09 yesterday. Panic selling hit retail investors, with COMB, HAYL, DOCK, NDB and AEL among 227 decliners and net foreign selling of Rs.104.7m.
NPCI International plans to integrate UPI in Sri Lanka so Indian tourists can pay by scanning LankaQR at merchants, with facilities already available at Cinnamon Hotels and Keells; NIPL has also discussed scaling UPI with the Central Bank.
TourismIT & Digital
Ada Derana·Mar 18, 2026·Promotional / marketing·MELSPositive
Melstacorp's fully owned subsidiary Melsta Hospitals has partnered with the National Insurance Trust Fund to extend Agrahara scheme benefits, waiving in-patient admission fees and offering discounts (20% on radiology, cardiology and physiotherapy; 10% on lab tests and screenings).
Healthcare & Pharma
Daily FT·Mar 18, 2026·Award or certificationPositive
Colombo West International Terminal (CWIT) handled one million TEUs in its first year, the fastest any Port of Colombo terminal has reached that mark. CWIT — a roughly $800m joint project involving Adani Ports, John Keells Holdings and the Sri Lanka Ports Authority — is a fully automated deep‑water terminal with about 3.2m TEU annual capacity.
Colombo Stock Exchange closed down 2.41% as investors feared a fuel shortage, with the ASPI down 505.48 points to 20,433.78 and the S&P SL20 down 1.94% to 5,770.59. Top negative contributors were Commercial Bank (193, down 5.50), Hayleys (205, down 8.50) and Colombo Dockyard (108.75, down 10.75).
Colombo Stock Exchange fell 3.47% to 20,939.26, wiping out about Rs.701 billion in value since Feb 28 amid concerns over the Middle East conflict. The S&P SL20 dropped 3.28% to 5,884.93, turnover was ~Rs.6.6bn, and major decliners included JKH, COMB, HNB, DIAL and DFCC.
Ada Derana·Mar 17, 2026·Management or board change·HEXP
Hayleys Fibre PLC appointed Ruwan Rajapakse as Managing Director effective 1 April 2026, succeeding Rajeeve Goonetilleke who retires on 31 March 2026. Rajapakse has over 30 years' experience, most recently as Global Chief Production Officer at the Jiffy Group and previously held senior roles within the Hayleys Group.
Exporters
Ada Derana·Mar 17, 2026·Promotional / marketingPositive
Samsung Sri Lanka launched two Double Door Inverter No Frost refrigerators (RT40H28WNQIG 253L at MRP LKR 159,999; RT40H30WNPIG 275L at MRP LKR 189,999) and a 12,000 BTU Twin Inverter AC (AR50H12D1JH/IG at MRP LKR 209,999) on 1 March 2026. The lineup — featuring SmartThings Wi‑Fi and energy-saving inverter tech — is sold island‑wide via authorised distributors including Singer and Softlogic, with 0% installment options.
IT & Digital
Ada Derana·Mar 17, 2026·Award or certificationPositive
CFA Society Sri Lanka will host Career Fest 2026 on 27 March 2026 in Colombo to connect students and early-career finance professionals with employers and sponsors including John Keells, Commercial Bank, HNB, Hayleys, DFCC and Capital Alliance. The event features sessions on the CFA Program, AI in finance and networking opportunities.
IT & Digital
Ada Derana·Mar 17, 2026·Promotional / marketingPositive
NPCI International has expanded UPI merchant acceptance in Sri Lanka, enabling Indian tourists to pay via LankaQR at major outlets including Cinnamon Hotels and Keells Supermarket to simplify cross-border digital payments and boost tourism-related spending.
TourismIT & DigitalConsumer Staples (FMCG)
Ada Derana·Mar 17, 2026·Promotional / marketing·HAYLPositive
Hayleys Mobility (Hayleys PLC) has launched the OMODA C9 PHEV in Sri Lanka at Rs. 29.9 million, offering a combined driving range of 1,100 km and a pure electric range up to 169 km. The tri-motor AWD system delivers 395 kW and 650 Nm with 0–100 km/h in 4.9s.
Entrepreneurs’ Organisation held its Presidents’ Meeting in Colombo (5–8 Feb 2026) with over 300 attendees from 79 chapters, generating hotel bookings and a short-term boost to Colombo’s visitor economy and business tourism.
Colombo Stock Exchange opened higher on Tuesday with the ASPI up 0.50% (105.68 pts) at 21,044.94 fifteen minutes after the open and turnover of Rs 421 million. Top positive contributors were Melstacorp, Sampath Bank and Colombo Dockyard.
Milford Exports Ceylon increased its stake in Melstacorp Plc to 42.97% by buying 1,000,000 shares on 12 March 2026 for Rs.165 million (Rs.165/share). Melstacorp shares closed at Rs.165, down Rs.1.75; net asset value was Rs.131.99/share as of end-December 2025.
Colombo Stock Exchange fell sharply as the ASPI dropped 3.47% (753.29 pts) to 20,939.26 and the S&P SL20 fell 3.17% to 5,891.67, with major decliners including John Keells, Dialog Axiata, Commercial Bank, HNB and DFCC. Siyapatha Finance, a Sampath Bank subsidiary, received CSE approval in principle to list Rs.3.75bn of 11.50% debentures.
Tourism
Ada Derana·Mar 16, 2026·Award or certification·SPENPositive
Aitken Spence PLC's travel arm, Aitken Spence Travels, has achieved Global Sustainable Tourism Council (GSTC) certification, an internationally recognized sustainability benchmark. The company says the certification verifies sustainability practices across its operations and supply chain and aligns with the wider group’s strategy.
LOLC Securities' Investor Forum said a sovereign credit rating upgrade could attract foreign inflows as CSE market capitalisation rose to about Rs.7.6 trillion (from Rs.2.9 trillion in 2022). The forum highlighted stabilised macro fundamentals, recovering exports and tourism, and sectoral opportunities in finance, construction and export-oriented industries.
Interest RatesRupee & ForexFuel & Energy PricesConstruction Activity
The CSE fell as the ASPI dropped 4.45% (1,009.36 pts), wiping Rs. 348.6 billion amid Middle East tensions and oil topping $100/bbl. Banking shares including COMB, HNB, HAYL and NTB were leading negatives while capital goods and crossings by MELS, ACL and AEL drove turnover.
Profood Propack & Agbiz Knowledge Hub 2026 will be held 21–23 Aug 2026 at BMICH, Colombo, with SLFPA and LECS planning an expanded exhibition focused on food processing, packaging, agriculture and SME support; Cargills Ceylon PLC is listed as a platinum sponsor and Hayleys’ agri unit featured among awardees.
Cinnamon Hotels (part of the John Keells group) has partnered with FitsAir and City of Dreams Sri Lanka to operate direct Ahmedabad–Colombo flights, running three times weekly. Curated Cinnamon holiday packages for the route start from INR 55,555, including return airfare and two nights at Cinnamon Life.