Company filings and market news from across Sri Lanka's stock market.
Union Bank hosted a Financial Expo in Jaffna where John Keells Properties, Prime Group, United Motors and Fairfirst offered Union Bank customers exclusive real-estate, automobile and insurance deals.
Sri Lanka stocks closed 0.6% higher, with the ASPI up 0.57% to 16,550.63, led by capital goods. Banks, construction and food & beverage shares saw notable investor interest; turnover was Rs 5.18bn and there was a net foreign outflow of Rs 126m.
Colombo market lost Rs.188 billion as the ASPI plunged ~500 points (3%) and the S&P SL20 fell 3.3%, taking market cap below Rs.6 trillion with turnover of Rs.6.35bn. Banking stocks were the main drag (Commercial Bank, Melstacorp, Sampath Bank, NDB); Ceylinco, Teejay, Browns and JKH featured in top turnover.
John Keells Holdings (JKH) is sponsoring the 32nd Kala Pola open-air art fair in Colombo on 16 February 2025 through the John Keells Foundation. The event, patronised by the group since 1994, showcases local visual artists and attracts local and international visitors.
Retail IT hosted Retail Technology Trends 2025 at Water’s Edge, drawing over 150 retail professionals to showcase POS systems, ReTech devices and software, and highlighted its 15-year partnership with Posiflex.
Cinnamon Hotels & Resorts launched the Sri Lanka Conference Ambassador Programme (SLCAP) with 25 ambassadors to promote Sri Lanka as a MICE destination. The initiative, presented with the Sri Lanka Convention Bureau and SriLankan Airlines, aims to boost conference-driven tourism and hotel demand.
Sri Lanka's ASPI fell 2.95% (500.39 pts) to 16,456.10 on Feb 5 as profit-taking triggered broad selling. Top losers included HNB, Commercial Bank, NDB, Sampath, Teejay Lanka and Singer, while Ceylinco Holdings and Lion Brewery gained; turnover was Rs 6.3bn with a net foreign outflow of Rs 343m.
John Keells Holdings (JKH) reported Q3 FY2024/25 Group EBITDA of Rs.14.28bn (+4%; adjusted EBITDA +10% to Rs.14.89bn), with Cinnamon Life hotel opened in Oct 2024 and the West Container Terminal first phase nearing operations in Feb 2025.
John Keells Holdings (JKH) reported Group EBITDA of Rs. 14.28 billion in Q3 FY2024/25, up 4% YoY (10% excl. one-offs), and declared a second interim dividend of Rs. 0.05 per share. The group opened the 687-key Cinnamon Life hotel, progressed the West Container Terminal, and listed 1,079,375,000 new shares after a debenture conversion.
Colombo market opened February lower as the ASPI and S&P SL20 fell about 1%. Turnover was Rs.3 billion with foreigners net sellers of Rs.179.3m; key decliners included HNB, LOLC, BUKI, CARS and CFIN, while SPEN, TJL and CCS were notable gainers.
Dividend · Rs 0.05 · XD Feb 14, 2025
Second Interim dividend of LKR 0.05/share; XD 2025-02-14; record 2025-02-16; payable 2025-03-06; FY 2024/25
Ken Balendra, former corporate leader and the first Sri Lankan chairman of John Keells Holdings PLC, has died aged 84. He also served as chairman of Brandix Lanka Ltd. and the South Asia Regional Fund of the Commonwealth Development Corporation.
Sri Lanka stocks fell 0.97% as the ASPI closed down 166.24 points at 16,956 and turnover was Rs3bn, the lowest so far this year. John Keells, Browns Investments and Tea Smallholder Factories announced interim dividends and net foreign outflow was Rs179mn with foreign selling in several large stocks.
Colombo's ASPI rose 7.4% in January, with yesterday's turnover at Rs.5.1bn and foreign net selling of Rs.405.6m. Price gains in counters including Central Finance, Colombo Fort Land & Building, Ambeon Holdings, Teejay Lanka and Ambeon Capital and activity in Access Engineering and John Keells supported the market recovery.
Colombo market turned bearish as the ASPI slipped 2 points to 17,115 on turnover of Rs.7.34bn and a net foreign outflow of Rs.2.2bn led by JKH; capital goods led turnover while NDB, COOP, AEL and Sierra Cables rose and Browns, Royal Ceramics, Melstacorp, LOLC and Hayleys lagged.
Cinnamon Hotels & Resorts partnered with the Overseas School of Colombo on a Sinharaja rainforest restoration project, where students catalogued biodiversity and planted native species; OSC plans to expand the collaboration to involve more students.
Colombo market slipped as the S&P SL20 fell 0.6% amid high turnover of Rs.8.4 billion, led by John Keells, Access Engineering, Browns Investments, Commercial Bank and Amana Bank; ASPI closed flat and foreign investors were net sellers of Rs.924 million.
John Keells Logistics and AkzoNobel Paints Lanka commemorated their 10-year operational partnership at JKLL's Seeduwa Distribution Centre. JKLL, a fully owned subsidiary of John Keells Holdings PLC, highlighted operational efficiencies, flexible pricing and sustainability in the collaboration.
Colombo bourse sustained upward momentum as the ASPI rose 0.4% and the S&P SL20 gained 0.3% on turnover of Rs.6.35 bn; BIL, RICH, HNB, CFIN and LOLC were top positive contributors while JKH fell. Foreign investors were net sellers with a Rs.300 mn outflow.
John Keells Holdings said public holding fell to 74.93% as of 24 Jan 2025 after issuing 1,079,375,000 new ordinary shares to HWIC Asia Fund; JKH shares closed down 0.87% at Rs22.90. The Colombo bourse closed higher with the ASPI up 0.44% at 17,119, led by gains in Browns Investments, Richard Pieris, HNB and Central Finance.
Colombo market rose with the ASPI up 0.8% on turnover of Rs. 6 billion, led by heavy trading in John Keells, Lanka IOC, HNB, Alumex and Browns and a net foreign outflow of Rs. 492.4 million. JKH fell to Rs. 23.10, HNB rose to Rs. 350.25, LIOC to Rs. 142.25, Alumex to Rs. 15.90 and Browns to Rs. 8.50.
John Keells Holdings (JKH) said HWIC Asia Fund converted a remaining Rs.12.76bn of debentures to equity, raising HWIC's stake to 24.31% and resulting in the issuance/listing of 1 billion new ordinary voting shares (6.13% dilution).
Sri Lanka's ASPI rose 0.75% to 17,044.67, led by gains in capital goods and power/energy with top contributors including Lanka IOC, Melstacorp and Bukit Darah. Turnover was 5.9 billion rupees, with a net domestic inflow of 492 million and a net foreign outflow of 492 million rupees.
Colombo market closed Friday lower with the ASPI down 108 points (0.64%) to 16,918 and the S&P SL20 off 1.23%; turnover was Rs.7.44bn. Food, Beverage & Tobacco and Banking were top turnover contributors while selected stocks (e.g., Melstacorp, Sierra Cables) saw mixed moves.
Sri Lanka's ASPI fell 0.64% to 16,917.86 in a market correction as SL20 dropped 1.23% and turnover was Rs 7.4bn. Banks led the pullback (HNB -4.0%, NDB -1.34%, DFCC -1.5%, Seylan -0.5%) while Browns Investments, Sierra Cables, John Keells and RIL were among the most active stocks.
John Keells Holdings said HWIC Asia Fund converted 98,125,000 debentures (face value Rs.12.76bn), diluting ordinary voting shares by 6.13%. JKH issued 1,079,375,000 new ordinary voting shares and HWIC's holding is now 24.31%.