Company filings and market news from across Sri Lanka's stock market.
Colombo Stock Exchange closed higher as ASPI rose 0.71% to 16,373.15, led by banks and capital goods stocks. Heavy volumes included Sierra Cables, Teejay Lanka and LOLC Finance, with Teejay Lanka, NDB, DFCC and Ceylon Cold Stores among top contributors.
DFCC Bank has dual-listed its Rs. 2.5 billion Green Bond on the Luxembourg Stock Exchange and LGX following its initial CSE listing. The bond, Sri Lanka’s first dedicated to renewable energy, will fund solar projects and follows ICMA Green Bond Principles.
DFCC Bank’s LKR 2.5 billion Green Bond has been dual-listed on the Luxembourg Stock Exchange and displayed on the Luxembourg Green Exchange after its Colombo Stock Exchange listing in September 2024. The bond will fund solar energy projects and follows DFCC’s ICMA-aligned Green Bond Framework.
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.
Hatton National Bank signed a share sale and purchase agreement with DFCC Bank to acquire DFCC's 50% stake in Acuity Partners Ltd, with transfer subject to regulatory approvals.
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.
DFCC Bank has agreed to sell its 50% stake in Acuity Partners to Hatton National Bank; HNB said the transfer will occur after receipt of regulator approvals. An earlier proposed September sale for 7 billion rupees did not go through and the parties have now signed a revised share sale and purchase agreement.
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.
DFCC Bank launched a DFCC Online Banking feature enabling customers to make statutory payments to 13 government departments 24/7 via LankaPay's LPOPP and the GOV PAY platform. DFCC said it will add more government billers as they are integrated onto GOV PAY.
DFCC Bank presented its DFCC Freelancer proposition at a University of Kelaniya panel, promoting tailored banking for freelancers with a dynamic credit-assessment model, competitive savings/fixed-deposit and foreign-currency rates, and card/cashback benefits.
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.
Chanakya Dissanayake of Acuity Knowledge Partners said the CFA Program transformed his career and that Acuity has leveraged Sri Lankan CFA talent to build a global business with over $300 million in revenue and more than 6,000 employees. He recalled applying CFA knowledge while working at DFCC Stockbrokers early in his career.
Ambeon Holdings increased its stake in Seylan Bank to 9.43% by buying 2.5m shares at Rs.79.50–80 (Rs.200m), adding to a prior purchase of 3m shares at Rs.70 (Rs.210m) in late Dec 2024.
DFCC Bank promoted its award-winning iConnect digital payments and cash management solution to Sri Lanka's tea industry at a Power Breakfast, demonstrating how it can streamline operations and optimise cash flow for businesses from SMEs to larger firms.
DFCC Bank launched DFCC ONE, a new mobile banking 'super app' offering real-time account access, CEFTS instant transfers, and new credit-card bill payments, with biometric login and OTP-based 2FA to replace the DFCC Virtual Wallet.
Sri Lanka restructured its defaulted debt in 2024 and entered a stabilisation phase with falling inflation and episodes of deflation. Ratings upgrades and IMF agreements followed, but central bank moves to add liquidity risk renewed external pressure if private credit recovers.
Colombo Stock Exchange ended 2024 higher, with the ASPI up 0.74% at 15,944.61 and the S&P SL20 up 1.01% at 4,862.10. Turnover was Rs7.7bn, banks/diversified financials and capital goods drew the most interest, and there was a net foreign inflow of Rs129mn.
Colombo Stock Exchange closed at a record high, with the ASPI up 1.88% to 15,827.39 and the S&P SL20 up 3.14%, led by bank and financial stocks including HNB, NDB, Sampath, DFCC and CTC. Declining interest rates and expectations of foreign inflows were cited as drivers.
DFCC Bank issued Sri Lanka's first green bond to fund renewable (solar) projects, and Alliance Finance plans to issue redeemable green bonds to raise Rs. 1 billion; the article notes the need for stronger impact measurement and green finance infrastructure.
Ambeon Holdings bought 3 million ordinary voting shares of Seylan Bank (0.98%), raising its stake to 8.61% at 70 LKR a share. The group has also acquired a 9% voting stake in DFCC Bank.
DFCC Bank launched a holiday card campaign offering up to 60% savings, an extended 0% Easy Payment Plan up to 48 months, eco-friendly rPVC cards with a tactile notch, and up to 1% cashback year-round. Lanka IOC Mastercard Titanium cardholders receive up to 5% cashback during the season.
Ambeon Holdings increased its stake in Seylan Bank by 0.98% to 8.61% after buying 3 million shares for Rs.210 million. Ambeon Capital and its subsidiaries also recently acquired a 9.02% stake in DFCC Bank.
Colombo market saw nearly Rs.10bn turnover yesterday as ASPI rose 0.8% (week +4.9%), led by banking and diversified financials; top contributors were HNB, LOLC, DFCC, RCL and MELS, with notable gains in HNB, Commercial Bank, DFCC and LOLC.
Ambeon group increased its holdings in Sri Lankan banks: Ambeon Holdings raised its stake in Seylan Bank to 8.61% (up 0.98%) while Ambeon Capital and its subsidiaries acquired a 9.02% stake in DFCC Bank.
DFCC Bank has dual-listed its three-year Green Bond on the Luxembourg Stock Exchange (LuxSE) Green Exchange while retaining its Colombo Stock Exchange listing and LKR settlement. The unsecured, rated bonds carry a 12% fixed annual coupon and were oversubscribed on issuance.
Colombo Stock Exchange closed up as the ASPI rose 0.88% to 15,535.60 with turnover of Rs9.8bn, led by banks and diversified financials. Top contributors were HNB (trading contribution Rs2.6bn), LOLC, DFCC, Royal Ceramics and Melstacorp.
DFCC Bank launched DFCC ONE, a new mobile 'super app' that replaces the DFCC Virtual Wallet and offers real-time account access, CEFTS instant payments, credit-card bill payments, biometric login and other enhanced digital banking features.