Ceylon Tobacco Company (CTC.N0000) has appointed Adrian Lee Peng Yong as Finance Director, effective 1 August 2026. He joins from the British American Tobacco Group with 20 years of regional finance experience, most recently as Finance Director for BAT Malaysia and Singapore.
Consumer Staples (FMCG)
Ada Derana·Jul 27, 2026·Management or board changePositive
Ceylon Tobacco Company PLC appointed Adrian Lee Peng Yong as Finance Director, effective 1 August 2026. He joins from the British American Tobacco Group with 20 years of regional finance leadership experience across APMEA.
Sri Lanka's Colombo Stock Exchange closed down: ASPI fell 0.50% to 21,424.71 with market turnover of Rs.1.089 billion and banks leading turnover at Rs.221.1 million. Merchant Bank (MBSL) set a rights reference price of Rs.0.30 and its stock closed down 5.31% at Rs.10.70.
Colombo market fell for a third session as the ASPI dropped 0.10% (21.79 pts) to 22,221.91 on heavy foreign net selling of Rs. 774.2 million. Top negative contributors included SPEN, SAMP, DFCC, CTC and CINS while CARG, DIAL, JKH and MELS supported the index; capital goods led turnover (55%).
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.
Colombo Stock Exchange closed with the ASPI down 0.06% at 22,229.71 while the S&P SL20 rose 0.05% to 6,209.85; market turnover was Rs.1.52bn and capital goods led turnover at Rs.834.9m. Dialog, Melstacorp and Bukit Darah were positive contributors, Aitken Spence, DFCC Bank and Ceylon Tobacco were top decliners, crossings were recorded in Hemas, Windforce and Printcare, and SANASA Life raised Rs.500m via subordinated debentures to meet regulatory capital requirements.
Carson Cumberbatch approved a second interim dividend of Rs.7.40 per ordinary share, totalling Rs.1.45 billion and exempt from withholding tax. Colombo markets were up midday (ASPI +0.08% at 22,260.75) with Dialog, Melstacorp, Sanasa Development Bank and Sampath as top positives and Ceylon Tobacco, DFCC and Aitken Spence as negatives; turnover Rs.388.5mn, capital goods led at Rs.62.4mn.
Colombo Stock Exchange closed marginally lower as the ASPI fell 0.09% (‑19.58 pts) to 22,243.70 while the S&P SL20 rose 0.02% to 6,206.51. Market turnover was Rs 1.070 billion, telecoms led turnover with Rs 247.6 million, and the CSE delayed opening due to a technical issue.
Ada Derana·Jun 30, 2026·Award or certificationPositive
Parenthood Global held the Mom Leaders Conference on 21 May 2026 at Cinnamon Life, recognising Top 10 Most Outstanding Mom-Inclusive Workplaces including Ceylon Tobacco Company, Hemas Holdings, DFCC Bank and National Development Bank; sponsors included Maharaja Foods and others.
Colombo Stock Exchange trended up, with the ASPI rising 0.27% (61.12 pts) to 22,314.64 on turnover of Rs.609.9m, led by capital goods (Rs.241.2m). Lee Hedges announced revised payment terms for its Rs.3.15bn acquisition of Lanka Realty Developments (Rs.1.1bn paid, Rs.2.057bn due within six months plus interest).
Dialog Axiata (DIAL.N0000) became the Colombo Stock Exchange's largest listed company with a market cap of Rs. 367.09 billion after its share price rose 7% to Rs. 39.90 on May 25. John Keells stood at Rs. 359.36bn and Ceylon Tobacco at Rs. 341.91bn; Commercial Bank was the largest bank at Rs. 320.88bn.
Dialog Axiata regained the top spot on the Colombo Stock Exchange with a market cap of Rs. 367.1 billion (4.51% of total market cap), overtaking John Keells Holdings at Rs. 359.4 billion.
Colombo Stock Exchange fell as the ASPI dropped 104.80 points (0.46%) to 22,910.52. Top negatives were Melstacorp, Sampath Bank and HNB; Ceylon Tobacco declared a Rs34 dividend and Kapruka said it will inject Rs41,510,541 into its subsidiary to buy shares to fund electric delivery vehicles and working capital.
Colombo Stock Exchange fell, with the ASPI down 0.41% (95 points) to 22,920 and the S&P SL20 down 0.40% to 6,269. Banking stocks saw profit taking while top movers included Nawaloka Hospitals (+8.44%), LOLC (+0.83%) and Seylan Bank (+1.65%), and Ceylon Tobacco declared a first interim dividend of Rs.32.40.
ASPI rose 258.09 points (+1.13%) on 7 Jul as CSE turnover reached ~Rs.5.28 B; Industrial Asphalt jumped 40%, SMB Finance gained (non‑voting +33.33%, voting +25%), while Palm Garden Hotels fell 7.08% and foreign net outflow was Rs.22.32 M.
Colombo Stock Exchange closed up 1.13% as the ASPI rose 258.09 points to 22,997 with turnover of Rs 5.28 billion and materials leading turnover (Rs 1.38bn). SMB Finance announced CEO Supul Chamikara Wijesinghe will resign effective June 3.
ASPI rose 0.65% (145.47 pts) to 22,695.00 while the S&P SL20 gained 0.6% to 6,244.64. Market turnover exceeded Rs. 4.8bn with Ceylon Tobacco Company dominating turnover (Rs. 2.4bn) even as foreign investors were net sellers, extending YTD foreign outflows to Rs. 27.6bn.
Colombo Stock Exchange rose as ASPI gained 145.47 pts to 22,695 and turnover hit Rs. 4.8bn, led by a Rs. 2.38bn crossing in Ceylon Tobacco Company (CTC) of 1,341,170 shares at Rs. 1,780 between a foreign seller and a local buyer.
Colombo Stock Exchange closed higher Monday with the ASPI up 0.65% at 22,695.00 and turnover of 4.81 billion rupees, driven by buying in banking counters. Top contributors included NDB, Dialog, Melstacorp and Colombo Dockyard, while Ceylinco Insurance and Windforce were among decliners.
Ada Derana·Apr 28, 2026·Management or board changePositive
Ceylon Tobacco Company PLC appointed Sarmad Abbasi as Managing Director and Chief Executive Officer, effective 1 May 2026. Abbasi, a British American Tobacco Group veteran with over 15 years in senior regional and brand roles (most recently GM Iraq), succeeds Fariyha Subhani.
Colombo Stock Exchange All Share Price Index rose 0.20% to 22,612 as retail-driven activity lifted the market. Listed energy firm WindForce said it entered a loan agreement with IFC to obtain up to $18 million in two phases.
Colombo bourse fell 0.9% for the week (ASPI down 205.7 pts) with year-to-date net foreign outflows reaching Rs. 24.9 billion. CINS, CTC, COMB, JKH and MELS were top positive contributors; market turnover exceeded Rs. 2 billion with capital goods, food/beverage/tobacco and banking leading activity.
Foreign investors were net sellers on the CSE yesterday with a net outflow of Rs. 2.52 billion, driven mainly by trades in Softlogic Life, Ceylon Tobacco and Hayleys Fabric. MTD net foreign outflow stood at $5.1 billion and YTD outflow at Rs. 25 billion, Asia Securities Research said.
Colombo market ended marginally higher as the ASPI rose 0.06% to 22,639.81 despite net foreign selling of Rs.2.52 billion. Softlogic Life (AAIC) and Ceylon Tobacco (CTC) topped foreign selling and AAIC led turnover with a ~Rs.1.3bn crossing; insurance, food & banking dominated activity.
Ceylon Tobacco Company PLC (CTC.N0000) awarded its Chairman’s Award 2025 to Nishanga Dissanayake, Customer Development Manager, at its annual awards ceremony; additional individual and group winners were also recognised.
Colombo stock market closed February lower: ASPI fell 47 points (0.2%) and the S&P SL20 dropped 74 points (>1%) with turnover of Rs.7 billion. Banks, conglomerates and blue-chips (COMB, JKH, HNB, CTC, LLUB) weighed on the index while Renuka Agri Foods rose and foreign investors were net sellers of Rs.363.8m.