Mr. Dumith Fernando appointed as the New CSE Chairman

The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Mr. Dumith Fernando as the Chairman of the Board of Directors of the CSE with effect from 01st July 2020. Mr. Fernando has served on the Board of the CSE since 2017 and succeeds Mr. Ray Abeywardena, who...
Posted On 29 Jun 2020

Constituent Changes to the S&P Sri Lanka 20 Index

The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2020 mid-year index rebalance.   A revision of the S&P SL20 methodology in March 2017 established the practice of a...
Posted On 20 Jun 2020

Initiative to Digitalize the Colombo Stock Market launched

A Joint Committee between the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) was formed with the objective of identifying measures and mechanisms required for the Colombo Stock market to conduct its core activities digitally. The first...
Posted On 17 Jun 2020

COVID-19 and the Sri Lankan Stock Market: Looking Ahead with Confidence

The Colombo Stock Exchange resumed stock market operations on 11 May 2020, following an extended closure as a result of the COVID-19 pandemic. In this interview, Mr. Ray Abeywardena, the Chairman of CSE comprehensively discusses the efforts of the CSE amidst the COVID-19 pandemic...
Posted On 29 May 2020

“John Keells Group records recurring EBITDA of Rs.22.06 billion for the financial year 2019/20”

Summarised below are some of the key highlights for the quarter ended 31 March 2020. The Consumer Foods, Retail and Property industry groups recorded a growth in profits. While the performance of the Group initially witnessed strong momentum in the fourth quarter of the financial...
Posted On 22 May 2020

S&P SL 20 Index Marks its Second Historic Gain in a Week

The S&P SL20 Index of the Colombo Stock Exchange (CSE) gained 6.28% during trading today, bettering the record for the highest ever daily percentage gain of the index which stood at 5.25%, which was set on 18th May 2020. This development marks the second occasion the S&P...
Posted On 22 May 2020

Brewing up change under COVID-19: Transforming how tea is bought and sold in Sri Lanka

  Boil the kettle, fill the pot, and raise a celebratory cup. Sri Lanka’s renowned tea industry has just dodged a potentially devastating COVID-19 shutdown by swapping 19th-century tradition with 21st-century digital innovation. A cloud-based auction system keeps buyers and...
Posted On 12 May 2020

Recommencement of Trading On 11th May 2020

In view of the decision made by the Government that both public and private sector entities in the districts of Colombo, Gampaha, Kalutara and Puttalam should re-commence work from 11th May 2020, Trading on the Colombo Stock Exchange (CSE) will resume on Monday, 11th May 2020....
Posted On 10 May 2020

Emirates SkyCargo announces scheduled cargo flights from Colombo

Begins 11th May with a weekly service offering capacity of up to 50 tonnes per flight to more than 65 cities and counting Emirates SkyCargo has announced the commencement of scheduled cargo flights from Colombo, following the successful operation of special flights in the second...
Posted On 08 May 2020

Huawei Q1 2020 revenue tops US $ 25 Bn

Huawei today announced its business results for the first quarter of 2020. In Q1 of this year, Huawei generated US$ 25.69 billion CNY182.2 billion in revenue, an increase of 1.4% year-on-year. The company’s net profit margin in Q1 2020 was 7.3%. As COVID-19 continues to...
Posted On 24 Apr 2020

Recommencement of Trading On 22nd April 2020

We write further to our previous statement. Subsequent to the statement, the Government has announced that the curfew in the districts of Colombo, Gampaha, Kalutara and Puttalam will continue until 27th April 2020. In view of the above, the CSE will not recommence Trading on 22nd...
Posted On 21 Apr 2020

CSE offers momentary regulatory flexibility to listed companies amidst COVID-19

Considering the challenges faced by listed companies in complying with rules regarding the submission of Annual Reports and Interim Financial Statements as a result of the COVID-19 pandemic, the Colombo Stock Exchange (CSE) has decided to extend financial report submission and...
Posted On 18 Apr 2020