John Keells Stock Brokers
1.5K subscribers
About John Keells Stock Brokers
John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896.
Similar Channels
Swipe to see more
Posts
*JKSB Opening Bell – News Snippets* 🔔 *12.06.2025* *Sri Lanka bank net foreign assets rise to US$1.7bn in March, OBUs US$2.2bn* “Net foreign assets of Sri Lanka’s commercial banks rose to 1.74 billion US dollars in March 2025, up from 1.61 billion US dollars in February, official data showed as banks continued to build up overseas foreign currency positions.” https://economynext.com/sri-lanka-bank-net-foreign-assets-rise-to-us1-7bn-in-march-obus-us2-2bn-224907/ *Sri Lanka set to outperform fiscal target for third year* “Sri Lanka is expected to outperform its fiscal target for the third consecutive year in 2025, as more vehicle import duties enter the coffers, the Economic Intelligence Unit (EIU) said.” https://www.themorning.lk/articles/6NSMvlkiPGhPATjbqXOh *Sri Lanka rupee closes stronger, bond yields steady* “Sri Lanka’s rupee closed at 299.00/10 to the US dollar in the spot market Monday, stronger against Friday’s close of 299.10/20, dealers said, while bond yields closed broadly steady.” https://economynext.com/sri-lanka-rupee-closes-stronger-bond-yields-flat-224819/ *Tea auction prices incompatible with rising labour costs* “Sri Lanka’s tea auction prices have become increasingly misaligned with rising labour costs, as prices at auctions have at times declined due to market volatility, even as wages have continued to rise, said Kelani Valley Plantations PLC and Talawakelle Tea Estates PLC Managing Director Roshan Rajadurai, at a conference organised by Regenagri in Colombo yesterday (11).” https://www.themorning.lk/articles/alEwHCEzxz8pmtAZmTTT *Indian visitors lead SL’s tourist arrivals* “The latest figures released by the Sri Lanka Tourism Development Authority (SLTDA) indicate that the country continues to attract a large number of tourists from India.” https://www.themorning.lk/articles/YzrcM1KQOP5FSJ7soNQD
*Sri Lanka Market Wrap: June 11, 2025* ASPI: 17,657.60 (+157.36pts; +0.90%); Val T/O: Rs.5.7bn (US$19mn); Vol T/O: 283mn; Trades: 37,871. Highlights: The ASPI ended higher amid healthy turnover levels with most sectors witnessing advances. LVEF, RCL, and TILE led market activity with crossings also seen in KHL, PLC, MGT, COMB, HNB, HAYL, and LWL. Trading in LVEF amounted to 9% of total turnover. *JKSB Research*
*Sri Lanka Market Wrap: June 13, 2025* ASPI: 17,427.08 (-234.37pts; +1.33%); Val T/O: Rs.4.0bn (US$13.3mn); Vol T/O: 164.8mn; Trades: 30,956. Highlights: The ASPI ended sharply lower amid healthy turnover levels with most sectors witnessing declines. CALH, SAMP, and JKH led market activity with crossings also seen in PKME and COMB. Trading in SAMP amounted to 6% of total turnover. *JKSB Research*
*Sri Lanka Market Wrap: June 12, 2025* ASPI: 17,661.45 (+3.85pts; +0.02%); Val T/O: Rs.3.7bn (US$12.3mn); Vol T/O: 171.3mn; Trades: 28,477. Highlights: The ASPI ended flat amid healthy turnover levels with most sectors witnessing advances. SAMP, LFIN, and CFIN led market activity with crossings also seen in OSEA, CCS, PLC, and SINS. Trading in SAMP amounted to 8% of total turnover. *JKSB Research*
*Sri Lanka Market Wrap: June 9, 2025* ASPI: 17,500.24 (+105.79pts; +0.61%); Val T/O: Rs.2.9bn (US$9.5mn); Vol T/O: 121.8mn; Trades: 25,239. Highlights: The ASPI ended higher amid moderate turnover levels with most sectors witnessing advances. PABC, LVEF, and ALUM led market activity with crossings also seen in NTB, MGT, SAMP, HHL, and KHL. Trading in MGT amounted to 6% of total turnover. *JKSB Research*
*JKSB Opening Bell – News Snippets* 🔔 *13.06.2025* *Sri Lanka’s growth forecast to decelerate to 3.5% this year: WB* “The World Bank (WB) yesterday revealed that growth in Sri Lanka is forecast to decelerate to 3.5% this year, reflecting the scarring effects of the crisis, structural impediments to growth, and heightened global economic uncertainties.” https://www.ft.lk/front-page/Sri-Lanka-s-growth-forecast-to-decelerate-to-3-5--this-year--WB/44-777627 *Rs. 100 m allocation for key industrial and entrepreneurial initiatives* “The Cabinet of Ministers at their meeting on Monday approved allocating Rs. 100 million for a series of key initiatives aimed at boosting industrial and entrepreneurial projects.” https://www.ft.lk/front-page/Rs--100-m-allocation-for-key-industrial-and-entrepreneurial-initiatives/44-777630 *Sri Lanka sells extra Rs17.5bn Treasury bills after auction* “Sri Lanka has sold 17.5 billion rupees of treasury bills offered on tap at average rates of 7.55 percent and 7.94 percent, the state debt office said.” https://economynext.com/sri-lanka-sells-extra-rs17-5bn-treasury-bills-after-auction-225320/ *Sri Lanka rupee closes weaker, bond yields steady* “Sri Lanka’s rupee closed at 299.00/15 to the US dollar in the spot market Thursday, weaker against Wednesday’s close of 298.98/299.05, dealers said, while bond yields closed mostly steady except for the 2029 maturities.” https://economynext.com/sri-lanka-rupee-closes-weaker-bond-yields-steady-225324/ *Motor vehicle imports generate Rs. 149 b in taxes* “Sri Lanka Customs has released close to 50,000 motor vehicles between December 2024 and June 2025, contributing over Rs. 149 billion in tax revenue to the government, the Finance Ministry said.” https://www.themorning.lk/articles/BJhch1CBFyHZgqZaSRDQ
*JKSB Opening Bell – News Snippets* 🔔 *16.06.2025* *Sri Lanka private credit expands Rs1.1trn in year to April 2025* “Sri Lanka’s private credit expanded 71 billion rupees in April 2025, easing from a 173 billion rupee surge in March, while credit to government expanded at a more moderate 57.2 billion rupees, official data show.” https://economynext.com/sri-lanka-private-credit-expands-rs1-1trn-in-year-to-april-2025-225552/ *FITIS committed to achieving USD 15 Bn digital economy goal by 2030* “The Federation of Information Technology, (FITIS) declared to make Sri Lanka the leading innovation and digital economic hub in Asia by fostering emerging technologies, enabling a future-ready workforce, and driving sustainable digital transformation that enhances global competitiveness and inclusive prosperity.” https://www.dailynews.lk/2025/06/16/business/796731/fitis-committed-to-achieving-usd-15-bn-digital-economy-goal-by-2030/ *Secondary Bond market yields close steady* “The Secondary Bond market initially kicked off last week with yields trading sideways, fluctuating within a narrow band.” https://www.ft.lk/financial-services/Secondary-Bond-market-yields-close-steady/42-777747 *Sri Lanka cuts foreign borrowing, boosts domestic financing* “Sri Lanka has recorded a significant shift in its budget financing pattern, with official data showing net foreign debt repayments of US$ 0.09 billion (Rs. 27.9 billion) during the first four months of 2025.” https://www.sundaytimes.lk/250615/business-times/sri-lanka-cuts-foreign-borrowing-boosts-domestic-financing-601043.html *IMF assessing Sri Lanka electricity tariff hike, BST guidelines* “The International Monetary Fund is assessing a recent electricity price hike by Sri Lanka’s power regulator, which is a key requirement to pass the next review, an official said, after the utility ran losses from a regulator driven price cut.” https://economynext.com/imf-assessing-sri-lanka-electricity-tariff-hike-bst-guidelines-225422/
Happy Father’s Day from John Keells Stock Brokers! To all the fathers who lead with wisdom, strength, and care , your guidance inspires not only families, but communities and businesses alike. Today, we celebrate the steady hands and thoughtful minds that help build brighter futures. #JKSB #Fathersday
*JKSB Opening Bell – News Snippets* 🔔 *11.06.2025* *Foreigners buy US$9.1mn worth Sri Lanka rupee bonds* “Foreign investors bought Sri Lanka government securities for a third straight week in the week ended on June 5, acquiring a net of more than 9.1 million dollars worth papers, Central Bank data showed.” https://economynext.com/foreigners-buy-us9-1mn-worth-sri-lanka-rupee-bonds-224833/ *Revised electricity tariffs to be announced before end of this week: PUCSL* “The Public Utilities Commission of Sri Lanka (PUCSL) has announced that the revised electricity tariffs for the second half of 2025 will be released before the end of this week.” https://www.themorning.lk/articles/JAUfAjSfW9TlcFcfW2ec *Sri Lanka expects inflation to turn positive in Q3* “The Central Bank of Sri Lanka expects headline inflation to turn positive from the start of the third quarter of 2025, as energy and transport prices continue to keep inflation negative.” https://www.themorning.lk/articles/UOoK2GCUQeHNmOBEzFhg *India’s NSE IX proposes cross listings with Sri Lanka bourse* “The international arm of India’s National Stock Exchange (NSE IX) has proposed cross listings with Sri Lanka’s Colombo Stock Exchange saying the mechanism will allow issuers to tap a global investor base.” https://economynext.com/indias-nse-ix-proposes-cross-listings-with-sri-lanka-bourse-224682/ *SL aims for 50% ECT completion by end 2025* “Sri Lanka expects to complete at least 50% of the construction work at the East Container Terminal (ECT) in Colombo Port by 2025, with the original completion date set for 2026, Transport, Highways, Ports, and Civil Aviation Minister Bimal Rathnayake said.” https://www.themorning.lk/articles/XIcT2nulIN2M1aNxOLzm *Sri Lanka welcomes over 21,000 tourists in early June* “Sri Lanka has welcomed 21,293 tourists in the first five days of June 2025, pushing the cumulative number of visitors to over the 1.05 million mark.” https://www.ft.lk/front-page/Sri-Lanka-welcomes-over-21-000-tourists-in-early-June/44-777536
*JKSB Opening Bell – News Snippets* 🔔 *09.06.2025* *Sri Lanka banks financing Indian firms with excess dollar balances* “Sri Lanka banks are financing Indian business through syndicated loans, using their excess US dollar balances, Prins Perera, Head of Treasury and Investment Banking at DFCC Bank said.” https://economynext.com/sri-lanka-banks-financing-indian-firms-with-excess-dollar-balances-224662/ *Sri Lanka repays foreign debt in budget to April 2025, current spending picks up* “Foreign financing of Sri Lanka’s budget was negative up to April 2025 by 27.9 billion rupees, up from 7.4 billion last year, official data shows indicating that foreign debt was being repaid on a net basis again.” https://economynext.com/sri-lanka-repays-foreign-debt-in-budget-to-april-2025-current-spending-picks-up-224638/ *SL aims for 50% ECT completion by end 2025* “Sri Lanka expects to complete at least 50% of the construction work at the East Container Terminal (ECT) in Colombo Port by 2025, with the original completion date set for 2026, Transport, Highways, Ports, and Civil Aviation Minister Bimal Rathnayake said.” https://www.themorning.lk/articles/XIcT2nulIN2M1aNxOLzm *$ 530 m in vehicle import LCs opened* “Financial institutions have opened Letters of Credit (LCs) worth $ 530 million so far this year for the importation of over 70,000 vehicles, according to the Ministry of Trade, Commerce, and Food Security.” https://www.themorning.lk/articles/2Zh5KicUhzl4WhyAdlZg *Wholesale price of cement to be increased* “The wholesale price per 50-kilogram bag of cement will be increased by Rs. 100 each, according to cement company sources.” https://www.adaderana.lk/news.php?nid=109271 *Vallibel One reports strong FY24/25 with Rs.16.02Bn PAT* “Vallibel One PLC announced its consolidated financial results for the financial year ended March 31, 2025, reporting robust performance across all key metrics.” https://bizenglish.adaderana.lk/vallibel-one-reports-strong-fy24-25-with-rs-122-8bn-turnover-and-rs-16-02bn-pat/ *Sri Lanka’s tourism revenue edges up 6.6-pct in May 2025* “Sri Lanka’s foreign exchange revenue from tourism rose to $164.1 million in May, rising 6.6 percent compared to the same month last year, the central bank said, quoting tourism promotion authorities.” https://economynext.com/sri-lankas-tourism-revenue-edges-up-6-6-pct-in-may-2025-224622/ *Sri Lanka tax revenues up 20-pct to April, current spending picks up pace* “Sri Lanka’s tax revenues grew 20.7 percent to 1,349 billion rupees in the four months to April 2025, while current spending grew 13 percent to 1,603.3 billion rupees, preliminary Finance Ministry data shows.” https://economynext.com/sri-lanka-tax-revenues-up-20-pct-to-april-current-spending-picks-up-pace-224425/ *Sri Lanka’s remittance inflow exceeds $3 billion in first 5 months* “Sri Lanka has received USD 641.7 million in workers’ remittances in May 2025, according to the latest figures released by the Central Bank of Sri Lanka (CBSL).” https://www.adaderana.lk/news.php?nid=109238 *Sri Lanka sells extra Rs16.75bn Treasury bills after auction* “Sri Lanka has sold 16.75 billion rupees of treasury bills offered on tap at average rates of 7.73 percent and 7.94 percent, the state debt office said.” https://economynext.com/sri-lanka-sells-extra-rs16-75bn-treasury-bills-after-auction-224445/ *Sri Lanka average coconut prices fall 11.6-pct, nuts offered increase* “Sri Lanka average coconut prices steeply declined to 143,239.46 at the weekly auction on Thursday, Coconut Development Authority data showed.” https://economynext.com/sri-lanka-average-coconut-prices-fall-11-6-pct-nuts-offered-increase-224481/