Company filings and market news from across Sri Lanka's stock market.
Colombo market reopened after Avurudu with the ASPI up 99.68 pts (0.64%) to 15,626 and the S&P SL20 up 29.95 pts, on low turnover of Rs.792.8m; foreigners were net sellers of Rs.50.1m. Top contributors and turnover drivers included CFIN, NDB, CCS, COCR, CTC and HNB.
Colombo market reverted to YTD positive as the ASPI rose 73 points (0.46%) to 16,007, leaving YTD up 0.39%, while foreigners were net sellers of Rs. 282m. Top movers included HAYL and CTC; turnover was Rs. 2.3bn led by Capital Goods and Food, Beverage & Tobacco sectors.
Experts at a CMA seminar said Budget 2025 has strengths but flagged practical concerns and tax risks, including taxing foreign service income at 15%, raising capital gains tax to 15%, and replacing SVAT with a risk-based refund; speakers urged focus on debt sustainability and SME support.
Sri Lanka's central bank defended open market operations after standing-window deposits rose to Rs200 billion by Oct 29, saying injections averted a spike in interest rates; critics warn the injections are inflationary and risk future balance-of-payments and reserve problems.
A TW Corporate seminar featuring former MBSL executives urged lenders to adopt innovative credit evaluation and creative debt restructuring to reduce credit risk, improve monitoring and optimise balance sheets.
Colombo's ASPI fell 4 points to 11,930 as the market stayed bearish, with S&P SL20 down 26 points (0.7%), turnover Rs.1.3bn and net foreign outflow of Rs.18m. Major negatives were HNB, SAMP, COMB, HAYL and JKH while CINS and PKME (PickMe) were among gainers; Commercial Credit and Lankem also rose.
Central Bank Governor said a sovereign ISB bond exchange could occur in 6–8 weeks if the government proceeds with the existing DSA and completes a comparability assessment. He said an agreement in principle exists with ISB holders, local bondholders and the ADB, with local banks to receive new bonds.