The Colombo market ended marginally higher — ASPI +0.02% to 23,655.68 — on turnover of Rs.3.35 billion with foreign net outflows of Rs.64 million. Top positive contributors included NHL, CFIN, CARG, JKH and LLUB, while Samson International, UB Finance and Sierra Cables led turnover.
The India Cup 2026 golf tournament was held at the Royal Colombo Golf Club on 23 January 2026 with a record number of participants. Event sponsors included Lanka Ashok Leyland, Lanka IOC, Carson Cumberbatch and Tal Lanka Hotels.
Colombo Stock Exchange rose 0.43% as the ASPI gained 100.90 points to 23,708.70, led by Dialog Axiata and gains in banks, capital goods and telcos; market turnover increased to Rs9.2bn.
Merchant Bank of Sri Lanka & Finance PLC (MBSL) recalibrated the MBSL Midcap Index effective 1 January 2026, setting the midcap market-cap range at Rs. 8.45 billion–Rs. 84.5 billion and selecting 25 constituents. New inclusions include Sierra Cables, Aitken Spence, Vallibel Finance, Lanka IOC, JAT Holdings and Prime Lands; Citizens Development, CIC, Ceylon Grain Elevators, John Keells, Hayleys Fabric, Teejay Lanka and Watawala Plantations were excluded.
Colombo stocks rose as the ASPI gained 1.21% to 23,292.91 and the S&P SL20 hit a six-week high of 6,379.11, led by gains in HNB, Commercial Bank, John Keells, NDB, Sampath Bank and Lanka IOC.
Colombo market recovered as the ASPI rose 0.17% (38.48 pts) to 22,333.25 and the S&P SL20 gained 0.31% to 6,071.12. Turnover was Rs 2.85bn on ~77.2m shares with foreign net outflows of Rs 42.8m; top contributors included DOCK, COMB, SAMP, MELS and DFCC.
Fuel & Energy PricesConsumer Staples (FMCG)Tourism
Colombo Dockyard and several financials lifted the Colombo Stock Exchange 0.17% as the ASPI closed at 22,333.25. Market turnover rose to LKR 2.8bn with a net foreign outflow of LKR 42.76m; Lanka IOC had crossings of LKR 92.25m and Capital Alliance led turnover.
Janashakthi Life is the title sponsor of the Janashakthi Life – ICA International Half-Marathon 2025 in Colombo, which is sold out with over 2,000 participants and a Rs.5,700,000 prize pool. Other sponsors include Dialog and Lanka IOC, and proceeds will support ICA charitable initiatives including organ donation awareness.
Sri Lanka expects an Indian joint working team to progress a Trincomalee tank farm and pipeline project that will include 14 tanks for Lanka IOC (LIOC.N0000). Another 61 tanks are in a CPC–Indian Oil JV, CPC owns 24, and cabinet approval and procurement for the pipeline are underway.
Voyage Sri Lanka 2025, organised by the Sri Lanka Export Development Board, concluded on 16 Oct at The Kingsbury with over 250 delegates, showcasing blue-economy opportunities in shipbuilding, offshore energy, boat building and nautical tourism and involving sponsors including Hayleys, Seylan Bank and Lanka IOC.
TourismRenewable EnergyExporters
Ada Derana·Oct 31, 2025·Promotional / marketingPositive
Voyage Sri Lanka 2025, organised by the Export Development Board on 16 Oct at the Kingsbury, drew over 250 delegates from about six countries and highlighted blue-economy opportunities across shipbuilding, offshore energy (LNG, wind), fisheries and nautical tourism. Sponsors and participants included Seylan Bank, Lanka IOC and Hayleys Advantis.
Colombo market rebounded as the ASPI rose 0.56% (123.87 pts) to 22,416.15 and the S&P SL20 gained 0.45% on turnover of around Rs. 8.9bn, with foreigners net selling Rs. 1.4bn. Hemas, Sampath, Vidullanka, Richard Pieris and DIMO were key positive contributors while banking stocks led turnover.
Ada Derana·Oct 16, 2025·Promotional / marketingPositive
VOYAGE SRI LANKA 2025 was held on Oct 16 in Colombo to promote Sri Lanka's Blue Economy and attract international investment for maritime infrastructure and services. Sponsors and participants included Seylan Bank, Lanka IOC, Hayleys (Advantis), Colombo Dockyard and stakeholders from government and development partners.
Voyage Sri Lanka 2025, an international marine summit, will be held on 16 October 2025 at The Kingsbury in Colombo with four days left to register; Seylan Bank is the official banking partner and Lanka IOC is a silver sponsor. The event will focus on shipbuilding, offshore services, offshore wind, fisheries and nautical tourism.
The Indo-Lanka Chamber of Commerce & Industry held its 17th AGM on 26 September; M. Raghuraman was re-elected president and Lanka IOC MD Dipak Das was elected a vice-president. Panelists urged deeper India–Sri Lanka cooperation in energy, digital infrastructure and trade; committee includes Hemas, John Keells, Lanka Ashok Leyland, PGP Glass, Sunshine and TAL Lanka Hotels.
The Indo-Lanka Chamber of Commerce & Industry held its 17th AGM on 26 Sep 2025; M. Raghuraman was re-elected President and Dipak Das (MD, Lanka IOC) and Krishna Selvanathan were elected Vice Presidents. The ILCCI committee includes Hemas, Lanka Ashok Leyland, PGP Glass, Sunshine and TAL Lanka Hotels among others.
Voyage Sri Lanka 2025 Marine Summit will be held on 16 October 2025 at The Kingsbury, Colombo, organized by the Sri Lanka Export Development Board to promote the country's blue economy. Sponsors and partners include Seylan Bank (official banking partner), Lanka IOC, Hayleys Advantis and the Sri Lanka Tourism Promotion Bureau.
Voyage Sri Lanka 2025 marine summit will be held on 16 October 2025 at The Kingsbury, with early-bird registration extended to 15 September for a 10% discount. Seylan Bank is the official banking partner and Lanka IOC and Hayleys Advantis are listed sponsors.
Lanka IOC (LIOC.N0000) appointed Anuj Jain as Chairman and Saumitra P. Srivastava and Rajesh Singh as Non-Executive Directors. Jain is currently Director (Finance) and CFO of IndianOil and has experience in finance, IT and renewable energy initiatives.
S&P SL20 crossed 6,000 for the first time, rising 58.46 points (0.97%) to close at 6,055.92; the ASPI also hit a record 20,571.07 (up 100.55 points, 0.49%) with turnover over Rs.10.8 billion.
The Export Development Board launched the official website for Voyage Sri Lanka 2025, a marine summit set for 16 October at The Kingsbury Hotel, Colombo, targeting 300+ attendees from 12+ countries. Official partners include Seylan Bank (banking partner) and Lanka IOC (silver partner).
The Sri Lanka Export Development Board launched the official Voyage Sri Lanka 2025 website; the summit is scheduled for Oct 16, 2025 at The Kingsbury Hotel, targeting 300+ attendees and 12+ nations. Official sponsors include Seylan Bank, Lanka IOC and The Kingsbury.
Tourism
EconomyNext·Aug 4, 2025·Award or certificationPositive
Brand Finance published Sri Lanka's 100 Most Valuable Brands for 2025, ranking Bank of Ceylon top with a brand value of Rs.57,411m; Commercial Bank, Dialog and People’s Bank follow the top positions. The list covers firms across banking, telecoms, FMCG, healthcare, hospitality and other sectors.
Consumer Staples (FMCG)Healthcare & PharmaTourismIT & Digital
Colombo market opened higher as the ASPI rose 0.26% (50 points) to close at 19,518, with turnover around Rs. 6.16 billion. Foreign investors were net buyers (Rs. 30.2m) and gains were led by Royal Ceramics, Melstacorp, Hemas, L B Finance and C T Holdings, with Capital Goods, Banking and Diversified Financials driving turnover.
Sri Lanka stocks closed marginally down with the ASPI slipping 0.04% to 18,876.85 and the S&P SL20 falling 0.69% to 5,628.93. Turnover dipped to 6.8 billion rupees amid early profit-taking, with Commercial Bank, Melstacorp, Sampath Bank and NDB weighing on the market and high volumes in Industrial Asphalts, Jetwing Symphony and Beruwala Resorts.
ASPI gained about 108 points to 18,946 on Rs. 9.1 billion turnover, led by the Capital Goods sector; John Keells, Commercial Bank, Access Engineering, Hayleys and LOLC were top contributors and banking names including HNB and Sampath also recorded gains.
Colombo market rebounded as the ASPI gained 129 points (0.7%) on fresh buying, with turnover of Rs.5.98bn. Banking and construction led gains — HNB, Central Finance, R I L Property and Melstacorp were among top contributors while foreign investors were net sellers of Rs.84.4m.
Colombo stocks closed marginally down, with the ASPI falling 0.23% to 18,100 and the S&P SL20 down 0.22% to 5,347. Seylan Bank received in-principle CSE approval for a Rs15bn Basel III debenture issue, and Tal Lanka Hotels listed 32,228,524 ordinary voting shares after a private placement.
CEYPETCO raised fuel prices effective midnight and Lanka IOC said it will follow: Auto Diesel +Rs15 to Rs289/l, Petrol 92 +Rs12 to Rs305/l and Kerosene +Rs7 to Rs185; Petrol 95 Octane and Super Diesel unchanged.