Company filings and market news from across Sri Lanka's stock market.
Commercial Bank of Ceylon launched the Visa Signature Elite Debit Card, upgrading Gold debit card holders to the new tier and offering priority service, complimentary access to 1,000+ airport lounges, complimentary travel insurance and 1 Max Rewards point per Rs 400 spent.
Commercial Bank of Ceylon is running a ComBank Digital ‘Transact & Win’ promotion until April 2025 offering two air tickets to Thailand each month to one customer who performs six or more transactions (three utility bill payments and three fund transfers) in a month. ComBank Digital has over 1.5 million registered users and processes more than Rs 400 billion in transactions monthly.
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.
Sri Lanka's ASPI closed up 0.04% (7.52 pts) at 17,122.73 despite month-end selling, with turnover Rs 5.1bn and a net domestic inflow of Rs 405m (foreign outflow Rs 405m). Banking, diversified counters and capital goods drew interest; notable movers included LOFC +2.9%, CFIN +3.2%, TJL +3.8% and TAP +7.0%.
Commercial Bank of Ceylon offered Kedella exhibition registrants a 1.5% p.a. reduction on home loan rates, a 50% discount on documentation charges and free loan protection for first-time buyers; it also offered a 0.5% rate cut and 50% documentation discounts on personal loans and leasing.
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.
Colombo bourse closed marginally lower: ASPI down 0.02% at 17,117.18 and S&P SL20 down 0.65% at 5,126.31, turnover Rs8.4bn and net foreign outflow Rs923.9m. Buying interest returned to banks and finance stocks after vehicle import relaxation, and construction names such as Access Engineering saw inflows.
Fitch upgraded People’s Bank’s National Long-Term Rating to 'AA-(lka)' from 'A (lka)' after a recalibration following Sri Lanka's sovereign upgrade. The upgrade highlights the bank’s strengthened credit profile and could bolster sentiment across Sri Lankan banks.
Visa forecasts Sri Lanka's digital payments market at $9.98bn in 2024, growing at a 14.49% CAGR to exceed $17bn by 2028. Visa highlighted a 35% surge in debit-card use during the last Avurudu, expansion of tap-to-pay and wearables, and a partnership with Hatton National Bank for a festive campaign.
Fitch upgraded the national long-term ratings of 10 Sri Lankan banks and affirmed five after recalibrating the national rating scale following a sovereign upgrade; upgrades include COMB, HNB, SAMP, SEYB, DFCC, NDB, NTB and PABC, while HDFC and SDB were affirmed. Fitch cited the sovereign IDR improvement as the driver.
Commercial Bank of Ceylon is partnering with UNICEF and government partners to refurbish, equip and improve a preschool in Moneragala District to strengthen preschool education. The bank says the initiative aligns with its CSR education focus and notes prior donations of 362 IT labs and 176 STEM classrooms.
Fitch upgraded the national long-term ratings of 10 Sri Lankan banks and affirmed five after recalibrating the national rating scale following a sovereign upgrade; most outlooks remain Stable. Union Bank and Cargills Bank carry Negative Outlooks due to capital-buffer and parent-support risks.
Fitch upgraded the national long-term ratings of 10 Sri Lankan banks and affirmed five after recalibrating the national rating scale following Sri Lanka's sovereign upgrade on 20 December 2024.
Colombo Stock Exchange rose as banking stocks led gains after Fitch upgraded several Sri Lankan banks; the ASPI closed up 1.40% at 16,828.80. Turnover was LKR 10.66bn with a net domestic inflow of LKR 670m and a net foreign outflow of LKR 670m; notable movers included HNB, NDB, Browns and Ceylon Tobacco.
ASPI rose 224 points to 16,597 and the S&P SL20 closed at 5,047 as the Colombo market hit new highs on Rs.8.3bn turnover led by banking stocks, with Commercial Bank, HNB, DFCC, NDB and Sampath among the top contributors.
Colombo Stock Exchange rose with the ASPI up 1.31% (224.01 pts to 16,597.16) and S&P SL20 up 1.72% (85.42 pts to 5,047.45), driven by banking stocks and strong retail turnover. Top turnover generators included Commercial Bank, HNB, DFCC, NDB and Sampath Bank, with a net foreign outflow of Rs 279 million.
AIA Insurance celebrated 20 years of bancassurance with a gala event at Cinnamon Life and previewed a publication, 'In Pursuit of Perfection.' The company thanked exclusive bank partners — NDB, DFCC Bank and Commercial Bank — and aims to increase life and health insurance penetration in 2025.
Colombo bourse ended the week higher (ASPI +2.1% for the week; ASPI +0.26 yesterday, S&P SL20 +0.28) with turnover yesterday at Rs.5.4bn and a net foreign outflow of Rs.221.5m. Banking and capital-goods/construction stocks led turnover, with top contributors including Dialog, DFCC, Dipped Products, Hemas and Commercial Bank.
ASPI closed up 0.26% at 16,257.31 as the Colombo bourse ended higher despite a net foreign outflow of 221 million rupees. Banks and consumer names drew interest; top foreign selling hit John Keells while DFCC, Dipped Products, Hemas and Commercial Bank were among top contributors.
Commercial Bank of Ceylon was ranked best for service excellence among Sri Lankan banks in LMD's 2024 Customer Excellence Survey, topping the banking category for a second consecutive year. The online survey received 4,100 responses and the bank cited customer service and digital innovation as core strategic priorities.
Colombo market sustained gains with the ASPI up 0.4% and S&P SL20 up 0.2% on Rs.5 billion turnover and a net foreign inflow of Rs.194.5 million. Top contributors included Commercial Bank, Tokyo Cement, Lanka IOC, ACL Cables and Access Engineering, with banking leading turnover (26%).
Colombo market opened the holidays-shortened week higher as the ASPI rose 1.4% and the S&P SL20 rose 2% on turnover of Rs.4.4bn, supported by lower T-bill yields and strong banking and blue‑chip buying (notable contributors: SAMP, DFCC, NDB, HNB, COMB, JKH).
Colombo Stock Exchange rose as the ASPI closed up 1.42% at 16,152.35 and the S&P SL20 gained 2.02% to 4,905.19. Buying was concentrated in large-cap bluechips and banks, with DFCC, Sampath, NDB, HNB and Commercial Bank among top contributors.
Commercial Bank of Ceylon honoured 37 employees for 25 years of service at its 2024 Seniority Awards, presenting gifts and plaques. The ceremony at The Kingsbury in Colombo was attended by the bank's chairman, MD/CEO, COO and board members.
Sri Lanka stocks closed up Friday, with the ASPI rising 0.73% to 15,926.00, led by financial, consumer and hotel stocks. Top contributors included HNB, LOLC, Hemas, Browns and Royal Ceramics, with turnover at 3.7 billion rupees.
The ASPI fell 143 points (0.9%) to 15,811 and the S&P SL20 lost 1.2%; turnover was Rs.4.13bn with a net foreign outflow of Rs.38m. Selling in banking counters (Sampath, Commercial Bank, DFCC) weighed on the market while John Keells, Browns and LB Finance saw heavy turnover and small price moves.
Sri Lanka's stock market fell 0.89% (ASPI 15,811.36) on Thursday, led by financial stocks as offshore investors net-sold Rs 37m, extending three-session outflows to Rs 315m; top drags included Sampath Bank, Commercial Bank, DFCC Bank and LOLC.
Commercial Bank of Ceylon (COMB.N0000) pledged to plant another 100,000 trees with the National Water Supply and Drainage Board, focusing on vulnerable water catchments to sequester about 2,000 tonnes of CO2 annually. This is phase 2 of its 'Trees for Tomorrow' programme, following a first phase that planted 100,000 trees in 12 months.
Colombo Stock Exchange rebounded with the ASPI rising 0.63% (≈99 points) to 15,954 on turnover of Rs.5.2 billion. Key contributors included Sampath, Melstacorp, LB Finance and Commercial Bank, with the banking sector leading turnover and a net foreign outflow of Rs.229.6m.