A market brief each morning, plus company filings and news from across Sri Lanka's stock market. Filter by company, sector and theme, and use sentiment badges to quickly identify Positive or Negative news.
Fitch upgraded Sri Lanka's Long-Term Issuer Default Rating to B- from CCC+ with a Stable outlook, and the Colombo Stock Exchange's ASPI rose 0.36% to 21,054.01 on Tuesday. Top positive contributors were Access Engineering, Overseas Realty, Dialog Axiata and Hatton National Bank, while Kotmale, Namunukula Plantations, Sri Lanka Telecom, CDB and John Keells were among the decliners.
Vidullanka PLC, in a consortium with India's Skipper Limited, emerged as the lowest bidder for a JICA-funded LKR 5.0 billion 132 kV transmission line project in Sri Lanka. The 18-month contract would see Vidullanka lead local execution and project management, marking its entry into high-voltage transmission construction pending technical clearance and an LOA.
Fitch upgraded Sri Lanka's Long-Term IDR to 'B-' from 'CCC+' with a Stable outlook, citing implemented macro-stabilisation policies, improved fiscal and external balances and a modest rebuild in FX reserves that ease external financing risks.
Fitch upgraded Sri Lanka's Long-Term IDR to 'B-' from 'CCC+' with a Stable outlook, citing implementation of macro-stabilisation policies, improved fiscal and external balances and a modest rebuilding of FX reserves that ease external financing risks.
Vidullanka PLC said a consortium with India's Skipper emerged as the lowest bidder for a Rs5.0 billion 132 kV transmission line project under the JICA-funded network development programme. Final award is subject to technical evaluation and issuance of a Letter of Award; implementation is estimated at 18 months with Vidullanka to handle local execution.
Parliament's Select Committee has summoned Pradeshiya Sabhas and Municipal Councils to explain coordination failures in the response to Cyclone Ditwah that hit Kandy and Matale (23-27 Nov 2025), after questioning disaster management officials on early warnings, inter-agency communication and the absence of formal emergency protocols.
Resus Energy PLC commissioned a 2MW solar plant at Damana, Ampara and began commercial operations on 18 September 2026; the plant, developed by wholly-owned Resus Eastern Solar Ltd, is expected to supply ~3.5 GWh/year to the national grid. It expands the group's renewable energy portfolio.
The 'ViYASA' National Business Facilitation Centre (NBFC), set up under the Presidential Secretariat to remove administrative and regulatory barriers to investment and industry, opens today in Colombo 7 and will coordinate with government agencies to assist businesses; its website will also be launched.
Frontier Research said rising global bond yields and major central-bank tightening are making it harder for Sri Lanka to attract capital, with the US 10-year at 5.04%, UK 10-year at 5.378% and Japan 10-year at 3%. Domestically, inflation hit 8% in August, the current account is in deficit and the CBSL's next policy decision is due at month-end after a May hike to 8.75%.
Researcher Dr. Sanjana Hattotuwa warned the government is building a wide-reaching surveillance apparatus through a series of recently passed or proposed laws and national digital projects (digital ID, central population register, data exchange, govt cloud, AI strategy) with little consultation or safeguards. He also questioned the World Bank's low-risk rating for its $50m digital ID project.
Softlogic Finance (CRL.N0000) said its board recommended a rights issue to raise Rs.1 billion by issuing 401,072,162 new shares at Rs.2.50 each (five new shares for every 12 held) to boost Tier 1 capital and expand vehicle financing; the issue is subject to CSE listing approval and shareholder approval.
Sri Lanka's rupee was quoted at 330.80/90 to the US dollar, slightly weaker than 330.75/90 the previous day, while government bond yields edged up across the curve (e.g. the 15.12.2029 note quoted around 11.00-11.10%).
Secondary government bond yields fell across the curve-15.10.28 at 10.60%, 15.12.28 at 10.66% and 15.09.29 at 10.85%, with 2030-31 tenors trading around 11.15%-11.35% as block trades supported the decline. Money market liquidity showed a Rs.145.72bn surplus (Rs.56.72bn at SDFR) and the CB absorbed Rs.89bn via repo; USD/LKR closed at 330.75/330.90 with $77.5m traded.
The Colombo bourse fell to a near six-month low as the ASPI dropped 0.37% to 20,979.18 and the S&P SL20 fell 0.33% to 5,909.45. Market turnover was over Rs.750m, foreign investors were net buyers of Rs.19.1m, and top ASPI decliners included BREW, MELS, CTHR, CINS and HNB.
DFCC Bank PLC finalised the allotment of its Rs.12.5 billion debenture issue, 125 million Basel III-compliant Tier 2 five-year unsecured subordinated debentures (par Rs.100), which will be exercised today. 95 million were allotted to identified Qualified Investors on a preferential basis, with the remainder allocated to other Qualified Investors per the prospectus' allocation rules.
Global equities rose (MSCI All-World +1.03%) as technology shares climbed on surging AI infrastructure demand while oil futures eased (US crude down 4.8% to $95.49/bbl); bond yields fell modestly even as markets price further central bank rate hikes.
Resus Energy PLC has commissioned a solar power plant in Damana, Ampara developed by its wholly owned subsidiary Resus Eastern Solar (Pvt) Ltd, expected to generate about 3.5 GWh of electricity annually to Sri Lanka's national grid. The facility expands the Group's renewable energy portfolio.
HDFC Bank reported a resilient 1H2026 with Profit Before Tax up 85% YoY and Profit After Tax of Rs.105 million. Net interest income was Rs.1,365m, total operating income Rs.1,499m, total assets Rs.63.2bn, capital ratio 32.05%, LCR 203%, NIM 4.30% and ROE 2.75%.
Energy Minister Anura Karunathilaka told Parliament Sri Lanka cannot legally subsidize the state Ceylon Petroleum Corporation alone or impose a maximum retail price because 2022 agreements require equal treatment of private importers such as Lanka IOC. The contracts entitle operators to a 4% margin and any price cap below costs would force the Treasury to cover deficits.
A high-level meeting led by the Ports and Civil Aviation Ministry with the EDB on 15 Sep 2026 discussed implementing the National Export Development Plan 2026-2030 to boost exports to $36 billion by 2030 by strengthening ports and logistics. Discussions focused on enhancing port and logistics infrastructure and services, trade facilitation, connectivity, and inter-agency coordination for timely implementation.
Technology stocks lifted Asian markets (MSCI Asia‑Pacific ex‑Japan rose over 1%), Brent crude steadied at $100.22/bbl and the dollar firmed as investors priced in further US interest‑rate hikes.
IMF Executive Board on Sept 9, 2026 reviewed the joint IMF-World Bank Debt Sustainability Framework for low‑income countries, found it fit‑for‑purpose and proposed reforms to tighten risk analysis, domestic debt treatment and stress tests; framework to be operational H2 2027 and the harmonized discount rate remains at 5%.
Oil prices rose for the first time in five sessions ahead of potential US‑Iran talks, with Brent November up $1.14 to $101.48/b and the more-active WTI November at $93.22/b. Supply drivers cited include increased shipments through the Strait of Hormuz and a Libyan Sharara outage cutting ~200,000 bpd.
Sprite will host the Heat Down Festival at Panadura Beach Park on Sunday 27 September from 2pm, offering water activities, live performances and an eight-person helicopter ride; entry requires bringing a Sprite label.
Sri Lanka was named the world's top trending and fastest-growing wellness destination for 2026, recording the highest year-on-year growth in traveller interest, according to BookRetreats.com and Time Out. Santani Wellness marks its 10th anniversary and is credited with pioneering modern wellness tourism in the country.