Colombo Stock Exchange closed lower on Friday: ASPI down 0.09% (19.50 pts) at 21,129.21 and S&P SL20 down 0.01% at 5,945.22. Market turnover was Rs 4.35 billion, with capital goods leading at Rs 1.35 billion; Hemas, Haycarb, Melstacorp and Vallibel One were positive contributors while HNB, Central Finance and DFCC were negative contributors.
Colombo market fell to a three-month low as the ASPI slipped 0.50% (107.39 pts) to 21,424.99 and the S&P SL20 dropped 0.37% (22.04 pts) to 6,000.15. Foreign investors were net sellers of Rs.126.9m; main negative contributors included Carson, Melstacorp, Vallibel One and John Keells, while Lanka IOC, Ceylon Cold Stores and Dipped Products led turnover.
Indian High Commissioner Santosh Jha met Sri Lankan business leaders including John Keells Holdings' Krishan Balendra and Hayleys' Dhammika Perera; John Keells-backed Colombo West International Terminal handled over 1 million TEUs in its first year. Sri Lanka's cabinet approved a 2,269.18 million rupee transmission-line tender to a JV including Hayleys Fentons, and talks covered trade, investment and a Rupee-to-Rupee commercial corridor with India.
Colombo Stock Exchange slid, ASPI down 1.68% (366.31 points) to 21,377.82 at midday. Vallibel One released its annual report showing profit of 13,164,778 rupees (prev. 11,760,829) and its shares were trading down 0.41% at Rs.96.00.
Colombo Stock Exchange closed slightly lower—ASPI down 0.07% at 22,298 and S&P SL20 down 0.21% at 6,148, with turnover Rs.2.32bn. Top contributors included Dialog, Vallibel One, Colombo Dockyard and Browns; Singer reported Q4 profit up 77% to Rs.2.48bn and Union Chemicals declared a Rs.44/share dividend.
Colombo Stock Exchange was slightly higher midday Thursday — ASPI +0.04% (22,930) and S&P SL20 +0.11% (6,276). Top gainers included John Keells, Alumex, RIL Property and Lion Brewery while Sampath, Vallibel One, Hayleys and Malwatte fell; NDB reported a High Court order in a derivative action and Harischandra appointed four board members.
Colombo Stock Exchange was up midday with the ASPI +0.05% at 22,631.02 and S&P SL20 +0.22% at 6,243.14. Top contributors included Sampath, Commercial Bank and Ceylon Guardian, while Vallibel One and Janashakthi lagged; turnover was Rs2.2bn and Singer agreed to buy ACME's Piliyandala factory for Rs630mn.
Ada Derana·Mar 25, 2026·Promotional / marketingPositive
Vallibel One PLC (VONE.N0000) was represented by MD Dinusha Bhaskaran as AHK Sri Lanka held a Sundowners networking evening at the Hettich Experience Centre on 19 March 2026, showcasing Hettich products and fostering industry connections.
Ada Derana·Mar 25, 2026·Promotional / marketingPositive
Vallibel One PLC's travel arm Delair Travels has rebranded as Delmege Travels to align the business with the Delmege Group; the company says services, operations and personnel will continue unchanged while benefiting from stronger brand synergy.
Vallibel One PLC appointed Yanika Amarasekera as an Independent Non-Executive Director. She is Founder and CEO of Silver Aisle, holds an MSc from Imperial College, and has previously served on boards including L B Finance and Multi Finance.
L B Finance PLC was assigned an initial entity rating of A+ with a Stable Outlook by Lanka Rating Agency. The agency cited its leading market position (≈12.3% of sector assets), strong asset quality, diversified lending (gold loans ~38%, leasing/vehicle ~42%) and noted it is 51.75% held by Vallibel One.
Colombo Dockyard drove turnover and traded higher after India’s Mazagon Dock bought a 41.73% stake; the ASPI rose 0.76% to 23,803 with market turnover Rs9.81bn, of which DOCK accounted for Rs2.65bn.
Colombo bourse closed the week up 3.45% as the ASPI rose 0.54% yesterday to 23,654.30, with the market gaining about Rs. 264.8 billion in value for the week and daily turnover over Rs. 8.5 billion; top contributors included JKH, COMB, VONE, CARS and NTB.
Colombo Stock Exchange ASPI rose 0.54% on Friday and 3.45% over the week, led by gains in John Keells, Commercial Bank, Vallibel One, Carson Cumberbatch and Nations Trust Bank. Market turnover fell to 8.5 billion rupees and Renuka Agri Foods and Sampath Bank recorded crossings.
L B Finance PLC will establish a wholly owned subsidiary, LB Finance Philippines Inc., with an initial investment of $650,000 to provide financial services; the move has been approved by the Central Bank of Sri Lanka. LB Finance is a subsidiary of Vallibel One PLC and will announce further details after incorporation and licensing.
Daily FT·Nov 19, 2025·Award or certificationPositive
Delmege Insurance Brokers, a Vallibel One subsidiary, saw COO Chathura Kehelpannala win Best Health Insurance Adviser and place first runner-up in Property Insurance at the Global Insurance Excellence Awards 2025.
Healthcare & Pharma
Ada Derana·Nov 17, 2025·Award or certificationPositive
Vallibel One PLC's subsidiary Delmege Insurance Brokers saw its COO Chathura Kehelpannala win Best Health Insurance Adviser at the Global Insurance Excellence Awards 2025. He was also 1st runner-up in Property Insurance and Delmege was ranked No.1 in overall insurance brokering for 2023–2024 by the IRCSL.
Colombo bourse rose on Budget optimism as ASPI gained 0.98% (225 pts) and S&P SL20 rose 1.13%; banking led activity (23% of turnover) and key positive contributors included SFCL, COMB, SAMP, HNB and VONE, with DFCC, LAUGFS and Bogala among high-turnover winners.
Ada Derana·Oct 3, 2025·Promotional / marketingPositive
Vallibel One’s Delmege Group celebrated World Children’s Day 2025 at Veluwana College, donating educational materials, sports equipment and refreshments and running a special eye clinic for nearly 600 students.
Healthcare & Pharma
Ada Derana·Sep 26, 2025·M&A / stake changePositive
L B Finance PLC will acquire a 65.6% stake in Associated Motor Finance PLC for Rs. 3.7 billion (74.3m shares at Rs.50 each) after CBSL approval, with amalgamation required by March 31, 2027. LB Finance confirmed the board decision; AMF said its deputy chairman has agreed to divest.
The Colombo Stock Exchange's ASPI rose 0.26% to 21,282, led by gains in diversified financials, banks and capital goods. Top contributors included Hayleys, LOLC, Browns Investments, DIMO and Ceylon Cold Stores, with turnover Rs6.56bn and a net foreign inflow of Rs61.38m.
Daily FT·Sep 18, 2025·Award or certificationPositive
Vallibel One (parent of the Delmege Group) marks Delmege’s 175th anniversary, highlighting the Group’s diversified operations across consumer goods, interiors, healthcare, shipping, insurance and travel.
Vallibel One, parent of the Delmege group, celebrates Delmege's 175th anniversary. The release highlights the group's diversified operations across consumer staples, interiors, healthcare, energy, insurance, shipping and travel and its global brand partnerships.
Colombo Stock Exchange hit a record as the ASPI rose 139.82 points to close at 20,753.21. Turnover was Rs. 7.39 billion with domestic investors accounting for Rs. 6.98 billion while foreign sales exceeded purchases.
Colombo's ASPI rose 0.68% to 20,753.21, led by gains in capital goods and diversified financials; top contributors were Access Engineering (up 2.60 to 60.50), Vallibel One (up 3.80 to 93.80), Ceylon Tobacco (up 24.25 to 1,641.75) and Royal Ceramics (up 1.40 to 46.40).
Commercial Bank PLC appointed Romani Parakrama as an Independent/Non-Executive Director. Parakrama brings over 27 years of corporate and retail banking experience and is also an independent non-executive director of Vallibel One PLC.