Company filings and market news from across Sri Lanka's stock market.
HNB Finance PLC appointed Supun Dias and Sivarajah Nandakumar as Non-Independent Non-Executive Directors. Both appointees are long-serving Executive Vice Presidents at Hatton National Bank with over 34 years of service.
Hatton National Bank (HNB) says sustainability is a core strategic imperative, citing its successful Rs. 10 billion Sustainability Bond issuance and its decision to exclude coal financing. The bank urged board-level governance, better climate data and alignment with CBSL’s Sustainable Finance Roadmap 2.0 and the SLSBI to integrate sustainability across Sri Lankan banks.
Hatton National Bank (HNB.N0000) was named Sri Lanka's Best Bank for Large Corporates at the Euromoney Awards for Excellence 2026, its second time winning the title. The bank cited involvement in a USD 1bn sustainability-linked syndication, LKR 44.5bn financing for a 350MW power project and investments in digital and transaction banking.
CSE ended an eight-session slide as the ASPI rose 0.31% to 21,765.56 and the S&P SL20 gained 0.25% to 6,081.43. Turnover topped Rs.2bn with foreign net outflows of Rs.673mn; top contributors included Ceylon Cold Stores, Haycarb, John Keells and RIL, while banks (Commercial Bank, Sampath) led turnover.
Sri Lanka's ASPI fell 0.49% to 21,720.92 midday; HNB Finance listed 381,667,019 new ordinary voting shares and 80,072,222 non‑voting shares from its rights issue. Malwatte Valley Plantations and Seylan Bank were among gainers while Melstacorp was a top decliner.
Colombo Stock Exchange fell for a sixth straight session as the ASPI dropped 0.54% to 21,962.30. Turnover exceeded Rs.1.5bn with foreigners net sellers of Rs.185m; major drags included Melstacorp, John Keells, Carson Cumberbatch and CIC Holdings, while Access Engineering and Chevron Lubricants featured among top contributors.
Colombo market opened deep in the red: ASPI fell 0.44% (98.08 pts) to 22,080.65 and the S&P SL20 dropped 0.44% as foreign investors were net sellers of Rs. 315.8m. Main negatives included Ceylinco, HNB, RIL and Central Finance; utilities (led by Windforce), capital goods and banking led turnover.
Colombo market opened down 0.65% as the ASPI fell 146.53 points to 22,263.28 with turnover over Rs.1.7bn and foreign net outflow of Rs.466.1m; Windforce, CIC and Hayleys were main negative contributors while Windforce, Colombo Dockyard and Sathosa Motors led turnover.
HNB Finance PLC attracted Rs.4.572 billion in subscriptions for its Rs.2.5 billion rights issue (including additional-share applications) prior to cheque realisation.
Colombo bourse finished the week higher, with the ASPI up 0.21% and the S&P SL20 up 0.51%; yesterday ASPI closed at 22,409.81 and the S&P SL20 at 6,247.42. Turnover topped Rs.1.9bn with foreign net inflow of Rs.9.3m; COCR, PKME and SIL led turnover while ACL fell and Hayleys, HNB Finance, Lanka Realty and CIC posted gains.
Rights issue · 2:9 at Rs 5.50 · XD Jun 2, 2026
Colombo market rose for a second session as the ASPI gained 0.22% to 22,436.14 on turnover above Rs.3.1bn, driven by elevated HNW activity with PKME, Dialog and NDB among top contributors; foreigners were net sellers of Rs.333.3m.
Fitch says Sri Lanka's central bank tighter capital rules for gold-backed loans (10% risk weight for LTV<70% from 1 Sep) will be manageable for banks but hit finance companies harder; Asia Asset Finance, L B Finance, UB Finance, HNB Finance and MBSL face the largest capital impacts.
Fitch says Sri Lanka’s new risk weights for gold loans (10% for <70% LTV; 40% for 70–100% LTV; 100% for >100% LTV) will raise average risk density to ~12% for banks and ~26% for finance firms and could cut finance companies’ Tier‑1 ratios by ~1pp to a little over 5pp, with Asia Asset Finance most affected.
Fitch says the CBCSL directive raising risk weights on gold-backed loans will raise average risk density to ~12% for rated banks and ~26% for finance companies, cutting banks' CET1 by ~2–35bp and finance companies' Tier‑1 by about 1pp–>5pp. Asia Asset Finance, L B Finance, UB Finance, HNB Finance and MBSL are singled out as most affected.
Rights issue · 2:9 at Rs 5.50 · XD Jun 2, 2026
Colombo Stock Exchange closed flat with the ASPI down 0.07% at 21,744; market turnover was Rs.2.98bn, led by capital goods at Rs.1.26bn. HNB Finance issued a notification on rights issue application procedures for shareholders (record date June 3) and its shares closed down 1.11% at Rs.8.90.
Prime Lands sold its 23.29% stake in HNB Finance PLC (400 million shares) for Rs. 3.5 billion at Rs. 8.80 per share, with Phantom Investments taking a 5.82% stake. Hatton National Bank holds a 51% stake in HNB Finance and the Phantom purchase is Rayynor Silva’s first entry into a listed finance company.
Colombo market fell for a second day as ASPI slipped 0.39% to 22,177.65 and the S&P SL20 eased 0.32% to 6,130.65 on turnover of Rs.2.01bn. Notable moves: Ceylon Cold Stores, Haycarb and Pan Asia Banking gained, John Keells was flat, with mixed or retail interest in several other stocks.
Colombo bourse closed lower with the ASPI down 0.21% to 22,695 as investor sentiment remained subdued after the CBSL rate hike; market turnover was over Rs. 1.7 billion.
Colombo Stock Exchange closed higher on May 29, 2026, with the ASPI up 111.57 points to 22,310.80 and turnover at Rs.7.37 billion, driven by a ~400m-share block of HNB Finance (Rs.3.52bn) sold by Prime Lands. Commercial Bank, Melstacorp, Access Engineering and Hemas were among the main positive contributors.
Prime Lands (Pvt) Ltd sold its entire 23.29% stake (400 million shares) in HNB Finance PLC at Rs. 8.80 per share, totaling Rs. 3.52 billion. Prime Lands chairman B. Premalal was also a member of HNB Finance's board.
HNB Finance PLC reported FY 2025/26 PAT of Rs. 1.68 billion, up 120% year-on-year, and PBT of Rs. 3.9 billion. Total assets rose 61% to Rs. 94.4 billion, lending grew 70% to Rs. 76.3 billion, leasing rose 98% and gold loans increased 80%.
Rights issue · 2:9 at Rs 5.50 · XD Jun 2, 2026
HNB Finance will raise Rs2,499,529,714 via a rights issue (2 new shares for every 9): 381,667,019 voting shares at Rs5.50 and 80,072,222 non‑voting shares at Rs5 to boost capital adequacy and for lending; the issue has central bank approval and awaits CSE and shareholder approval.