News & market updates

CT Land Development PLC appointed Chulantha Wickramaratne, former Auditor General (2019–2025), as an Independent Non-Executive Director. Wickramaratne has also held independent directorships at CT Holdings PLC and Cargills (Ceylon) PLC.

CT Land Development PLC appointed former Auditor General W.P.C. Wickramaratne as an Independent Non-Executive Director effective 3 February 2026. He will join the Audit, Related Party Transactions Review, Nominations & Governance and Remuneration Committees and holds no CTLD shares as at appointment.

CT Land Development PLC appointed Zakir Mohamedally as a Non-Independent Non-Executive Director. Mohamedally brings over two decades of audit, assurance and capital markets experience and is Group COO and Head of Investment Banking at the CT Smith Holdings Group.

CT Land Development PLC appointed Shalindra Fernando as Chief Executive Officer effective 16 January 2026. Fernando has over 18 years of senior leadership experience across FMCG, retail, beverages and enterprise technology, most recently serving as Senior VP and Chief Revenue Officer at MillenniumIT ESP Ltd.

ASPI fell 0.64% to 19,786 after briefly crossing the 20,000 mark, with turnover of Rs.4.53bn and foreign net outflow of Rs.8.2m. Banking stocks and conglomerates weighed on the market, with JKH, MELS, NDB, AEL and BUKI among top negative contributors while DFCC and Royal Ceramics saw gains.

Colombo Stock Exchange closed higher as the ASPI rose 1.07% to 14,810 and turnover hit Rs9.23bn, the highest since Feb 7. Top contributors included Central Finance, Ceylon Cold Stores, Melstacorp, Access Engineering and Chevron Lubricants; net foreign outflow was Rs226m.