News & market updates

Colombo bourse traded mixed midday with the ASPI down 0.12% to 21,203.70 and market turnover at Rs200.5mn, led by capital goods (Rs58.5mn). Commercial Bank said its Basel III subordinated debentures will be listed on July 30, 2026; JAT Holdings declared a final dividend of Rs0.72 (ex-div Aug 7, 2026).

Capital Alliance PLC (CALT.N0000) borrowed Rs. 3.6 billion of related-party commercial paper (Rs.2.1bn from CAL Fixed Income Opportunities Fund, Rs.1.5bn from CAL Five Year Closed End Fund) at 10% p.a., maturing 12 June 2026, to boost liquidity.

Rockland Group appointed Tharindra Kulasinghe as a Non-Executive Director effective immediately; he will continue as Chief Information Officer of Capital Alliance PLC and brings over 16 years of technology and digital experience.

Rockland Group has appointed Tharindra Kulasinghe as a Non-Executive Director, effective immediately. He will continue to serve as Chief Information Officer of Capital Alliance Limited (CAL).

Sri Lanka Insurance denied allegations about its participation in the 9 April 2026 Treasury Bond auction, saying it invested Rs.6 billion (Rs.2bn in the 1 Jul 2030 bond, Rs.3bn in the 15 Jun 2034 bond and Rs.1bn in the 1 Jul 2037 bond) with approvals in place and will pursue legal action over false claims.

CFA Society Sri Lanka will host Career Fest 2026 on 27 March 2026 in Colombo to connect students and early-career finance professionals with employers and sponsors including John Keells, Commercial Bank, HNB, Hayleys, DFCC and Capital Alliance. The event features sessions on the CFA Program, AI in finance and networking opportunities.

CA Sri Lanka held a forum warning that prolonged Middle East instability could spike oil prices and disrupt remittances, tourism and tea exports, raising inflation, exchange-rate volatility and risks to the banking/financial sector.

The Unit Trust Association of Sri Lanka appointed a new Board led by Jeevan Sukumaran (SENFIN Asset Management) as President. The Board will focus on investor education, digital accessibility, product innovation (index funds, ETFs, Shariah funds) and tax transparency for unit holders.

The Unit Trust Association of Sri Lanka appointed Jeevan Sukumaran (SENFIN Asset Management) as President and announced a 2026–2027 board prioritising retail expansion, investor education, digital accessibility and product innovation for the unit trust industry.

Capital Alliance PLC (CALT) was upgraded by Lanka Rating Agency to an ‘A+’ rating from ‘A’ with a Stable Outlook, citing strong capitalisation, improved profitability and total equity of ~Rs.15 billion as of 30 Sep 2025; LRA noted capital adequacy remained comfortably above regulatory requirements.

Capital Alliance PLC’s affiliate Capital Alliance Investments Ltd listed 841,263,375 units of the CAL Three Year Closed End Fund on the Colombo Stock Exchange. The three-year fixed-income fund aims to offer predictable cash flows and credit-monitored exposure amid a stabilizing yield environment.

Capital Alliance Investments Ltd (a CAL Group subsidiary) listed 841,263,375 units of the CAL Three Year Closed End Fund on the Colombo Stock Exchange. The three-year closed-end fixed-income unit trust targets predictable cash flows and capital preservation amid a stabilizing yield environment.

Ceylon Land and Equity PLC appointed Kishan Vairavanathan as an Independent Non-Executive Director. Vairavanathan is currently an Independent Non-Executive Director of Galle Face Capital Partners and has held senior roles at Janashakthi, Capital Alliance and NDB stockbrokers.

Capital Alliance PLC (CALT.N0000) was upgraded to A+ with a Stable outlook by Lanka Rating Agency, citing sustained profitability, robust capital adequacy and prudent risk and liquidity management; LRA also highlighted its leading role in the government securities market.

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.

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.

Dividend · Rs 12.00 · XD Dec 24, 2025

Second Interim dividend of LKR 12/share; XD 2025-12-24; record 2025-12-25; payable 2026-01-14; FY 2025/26

Assetline Finance opened subscriptions for its inaugural listed, rated, unsecured senior debenture issue targeting Rs. 5.0 billion (50 million debentures of Rs.100, five-year tenor), preliminarily rated 'A' (Positive). Proceeds will fund lending expansion and product innovation; Capital Alliance Partners is manager to the issue.

Sarvodaya Development Finance PLC (SDF) rang the CSE opening bell after issuing 20 million High‑Yield Sustainable Bonds at Rs.100 par (Rs.2.0 billion target), rated 'BB+' and oversubscribed within hours of listing on 8 October 2025.

Nalin Subasinghe has been appointed Chief Executive Officer of Sri Lanka Insurance Life, effective 3 November 2025. He brings over 21 years' insurance experience, including senior roles at HNB Assurance, Union Assurance and Capital Alliance.

The Unit Trust Association of Sri Lanka has launched an Investor Awareness Initiative at the World Trade Centre, Colombo (27–31 Oct 2025) with 16 member firms participating; industry AUM reached Rs.601 billion and unit holders numbered 131,609 as of Aug 2025.

Capital Alliance PLC appointed Deshal de Mel as an Independent, Non-Executive Director effective 4 September. de Mel is an economist with over two decades' experience, has consulted to ADB and the World Bank, and helped design Sri Lanka's post-crisis IMF-supported reform and debt restructuring.

Dividend · Rs 4.00 · XD Sep 9, 2025

First Interim dividend of LKR 4/share; XD 2025-09-09; record 2025-09-09; payable 2025-09-26; FY 2025/26

Capital Alliance Holdings (CALH.N0000) appointed Kanishke Mannakkara as a Non-Independent Executive Director. Mannakkara is Group CEO and Chairman of Capital Alliance Investments Ltd, has over 20 years' capital markets experience and has been with the group since April 2018.

The Treasury raised the full Rs.200 billion offer at auction as secondary bond buying pushed yields lower after the CBSL cut the overnight policy rate by 25bp; key auction yields were 8.85% (01.07.28), 9.47% (15.12.29) and 10.46% (15.09.34). The rupee marginally appreciated to Rs.299.35/299.45 and secondary bond turnover on 28 May was Rs.125.317 billion.

Nandana Lokuwithana (Onyx) bought a c.9.99% voting stake in Hatton National Bank through Ceylon Steel for about Rs.14.42 billion (Rs.305–313/sh), lifting HNB shares to close at Rs.319.50 (+Rs.17.25). The block was sold by Browns Investments, which retains non-voting shares.