News & market updates

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.

First Capital Treasuries PLC joined the Partnership for Carbon Accounting Financials (PCAF) to measure and disclose the carbon footprint of its financed activities using the PCAF methodology. The move, the company said, aligns with its sustainability agenda and its parent, First Capital Holdings.

First Capital Treasuries (FCT.N0000) has joined the Partnership for Carbon Accounting Financials to measure and disclose the carbon footprint of its financed activities. The move will help its parent, First Capital Holdings (CFVF.N0000), understand portfolio emissions and strengthen climate-related risk management.

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.

First Capital Holdings PLC won the Gold Award in Investment Banking at the CA Sri Lanka 60th Anniversary TAGS Awards 2025; First Capital Treasuries PLC won Silver and the Group’s money market fund also won Gold, with multiple recognitions for integrated reporting and sustainability disclosures.

Foreign holdings of Rupee-denominated government securities rose by Rs. 4.99 billion in the week ending 18 Sep, taking total foreign holdings to Rs. 120.28 billion (the highest in about 21 months). S&P upgraded Sri Lanka to CCC+ and T-Bill rates held broadly steady while secondary bond yields traded in a narrow range.

Colombo Stock Exchange rose as the ASPI gained 0.57% to 21,085, led by Sierra Cables and diversified conglomerates; market turnover was Rs 6.5bn with Sierra Cables contributing Rs 1.2bn. Top index contributors included John Keells, Hayleys, Sierra Cables, Melstacorp and Aitken Spence; net foreign inflow was Rs 58.21m.

Colombo's ASPI rose 0.91% (189.84 pts) to 20,965.26, extending a three-session rally; FCT.N0000 declared a Rs.5 dividend and its shares jumped 30.2%, while NTB.N0000, DFCC.N0000, JKH.N0000, CINS.N0000 and MELS.N0000 were key contributors. Turnover was Rs.6.86bn and foreigners were net sellers (Rs.481.2m).

Dividend · Rs 5.00 · XD Oct 10, 2025

Final dividend of LKR 5/share; XD 2025-10-10; record 2025-10-12; payable 2025-10-30; FY ended 31st March 2025

Colombo Stock Exchange closed higher: ASPI +0.91% at 20,965 and S&P SL20 +1.16% at 5,971, with turnover Rs6.86bn led by diversified financials, banks and capital goods. Top contributors included Nations Trust Bank, DFCC, John Keells, Singer and Melstacorp; First Capital Treasuries declared a Rs5 dividend and Acme announced a six‑for‑one rights issue.

First Capital Holdings PLC had its long-term credit rating upgraded to A+ from A by Lanka Rating Agency with a stable outlook. LRA cited sustained profitability, strong capital structure and governance, noting market-leading businesses (including First Capital Treasuries) and Rs.120 billion in assets under management.

First Capital Holdings PLC had its long-term credit rating upgraded to 'A+' (Stable) by Lanka Rating Agency. LRA cited sustained profitability, strong capital and governance; Group assets LKR 99.3bn, equity LKR 9.8bn, PAT LKR 5.0bn (2024/25) and a Rs.7.50/share dividend (LKR 3.0bn).

Secondary bond market yields closed marginally lower week-on-week, led by 2026-2028 tenors (15.02.28 traded 8.80%-8.68%; 15.10.28 8.90%-8.80%). The weekly T-bill auction was fully subscribed (Rs.113bn), 182-day yield rose 3bp to 7.78%, foreign treasuries fell Rs.1.14bn and USD/LKR closed at 300.10/300.20.

Rs. 295bn Treasury bond auction was 81.61% subscribed (Rs. 240.74bn raised), supporting a week‑on‑week decline in yields. Foreign holdings recorded a Rs. 2.84bn net outflow, money‑market liquidity rose to Rs.128.78bn and USD/LKR closed around 299.9.

Treasury Bill auction was undersubscribed with Rs.60.49bn (93.05% of Rs.65.00bn) accepted; the 182-day yield rose 2bp to 7.73%, secondary bond yields declined and the USD/LKR appreciated to Rs.300.05/300.15.

Treasury Bill auction was undersubscribed with only 86.83% (Rs.114.62bn) accepted of Rs.132bn offered and the 182-day yield rose 1bp to 7.73%. Secondary bond yields ticked up amid tighter liquidity and USD/LKR closed at Rs.300.40/300.60.

First Capital Holdings' group launched First Capital Advisory Services as an SME-focused advisory subsidiary and joined Scale Up 2025 as the event's official Business Advisory Partner. The new unit aims to help SMEs access capital markets, improve governance and explore listings and strategic financing.

Secondary bond market rallied and yields fell after the Central Bank cut the Overnight Policy Rate by 25 bps; primary T-bill and bond auctions were fully subscribed, raising Rs.162.5bn (T-bills) and Rs.200.0bn (bonds) at lower yields. Money market liquidity rose to Rs.203.79bn and foreign net inflows into rupee treasuries were Rs.2.49bn.

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.

First Capital Treasuries PLC reported PAT of Rs.3.0 billion for the year to 31 March 2025, down from Rs.11.1 billion; its government securities portfolio rose to Rs.81.4 billion and Lanka Rating Agency upgraded its credit rating to A+.

First Capital Treasuries PLC reported Profit after Tax of Rs. 3.0 billion for the year ended 31 March 2025, down from Rs. 11.1 billion a year earlier. The company increased its government securities portfolio to Rs. 81.4 billion and received an LRA upgrade to A+ (outlook stable).

First Capital Holdings PLC reported Total Comprehensive Income of Rs. 5 billion for the year ended 31 March 2025, down from Rs. 10.1 billion a year earlier. The board declared an interim dividend of Rs. 7.50 per share (Rs. 3 billion) and First Capital Treasuries PLC posted PAT of Rs. 3 billion, with trading gains and interest income cited.

CBSL cut the Overnight Policy Rate by 25 bps, after which secondary bond yields fell across maturities and yields shifted lower; a Rs.157.50bn T‑Bill auction was fully subscribed. Foreign holdings in rupee treasuries rose by Rs.0.55bn and the rupee closed near Rs.299.45.

First Capital Holdings (CFVF.N0000) launched First Capital Advisory Services, an SME-focused advisory subsidiary and acted as Business Advisory Partner at Scale Up Sri Lanka 2025. The group said the unit will help SMEs access capital markets and noted its existing businesses including First Capital Treasuries and asset management (managing over LKR 110 billion).

WealthTrust Securities: secondary bond yields fell and the Rs.173.00bn T‑Bill auction was fully subscribed; 91/182/364-day weighted average rates were 7.65%, 7.98% and 8.30%. USD/LKR closed near Rs.299.2 and foreign holdings in rupee treasuries fell by Rs.1.38bn.

WealthTrust Securities: Secondary bond yields were broadly steady with short-tenors easing and profit-taking lifting 2028-29 yields ahead of a Rs.80.00 billion Treasury Bond auction (Rs.35bn 15-Oct-2029 at 10.35% and Rs.45bn 01-Nov-2032 at 9.00%) settling 15 May.

First Capital Treasuries PLC said its LKR 3,000,000,000 debenture issue was oversubscribed, with applications exceeding the Rs3bn target; the issue closed on April 21 and the basis of allotment will be notified to the CSE.

First Capital Treasuries PLC plans to issue Rs. 3 billion of listed subordinated debentures to boost Tier II capital, raising its capital adequacy ratio from 17.95% to an expected 24.80%. The Central Bank approved RWCAR inclusion; the issue opens 21 April with two ~12% fixed options and a floating option (364-day T-bill +2.25%).

First Capital Treasuries PLC will issue Rs. 3 billion of five-year listed subordinated unsecured redeemable debentures to boost Tier II capital and raise its capital adequacy ratio from 17.95% to about 24.80% (CB approval obtained); proceeds will be used to expand its government securities portfolio.

First Capital Treasuries PLC will raise up to Rs.3 billion via a listed debenture issue of Rs.100 par debentures (types A, B and C, 2025–2030), issuing 10 million debentures with options to issue up to a further 20 million on oversubscription; opening date 21 April (subscriptions open now).