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.
GRI and the Sri Lanka Export Development Board signed a strategic multi-year cooperation agreement on 7 September to strengthen sustainability and impact reporting across Sri Lanka's export ecosystem, with particular emphasis on SMEs and alignment with the National Export Development Plan 2026-2030.
Nations Building Society Ltd (NBSL) has opened a new City Office at No. 50, Thurstan Road, Colombo 3, expanding its operations and customer access. The move supports its housing finance and savings product suite, including ASB, Wardhana/Wardhana Plus, floating mortgages, Key Loan, Nivahana and Sithpiyasa.
The SEC and CSE held 'Samata Kotasak, Samata Ekakayak' investor forums in Anuradhapura (10 Sep) and Jaffna (12 Sep), drawing more than 600 participants to promote broader participation in Sri Lanka's capital market. The campaign encourages new investors to use unit trusts and experienced investors to use stockbrokers, with further forums planned.
Abans Finance (AFSL) reported strong FY2025/26 results: Total Income rose 35.1% to Rs.4.67bn, Net Interest Income +46.8% to Rs.3.07bn, Profit Before Tax +81.8% to Rs.1.28bn and Profit After Tax +101.2% to Rs.857m; total loans +53.0% to Rs.16.93bn and assets +54.3% to Rs.20.81bn. The company holds an A-(lka) Fitch rating, won sector awards and opened four new branches in 2026 as part of an expansion plan.
MegaPay (operator of Pay&Go) has partnered with Sejaya Micro Credit to let Sejaya clients repay loan instalments via Pay&Go's mobile app, 1,000+ self-service kiosks and POS machines 24/7 with instant receipts; both firms are exploring a 'Repay & Grow' POS initiative for borrowers.
Commercial Bank of Ceylon was named Euromoney's 'Best Bank in Sri Lanka' and 'Best ESG Bank in Sri Lanka', with 2025 profit before tax of Rs.89.38 billion, total assets of Rs.3.26 trillion and loans above Rs.2.028 trillion; Euromoney cited its green bond, digital innovation and SME focus.
The Digital Marketing Association of Sri Lanka will host Digital Summit Asia/Sri Lanka 2026 on 1-2 October at Waters Edge Colombo. DMASL aims to grow digital marketing's GDP contribution from 4% to 15% and the summit features 75+ international speakers and sponsors including Hatton National Bank, John Keells and Aitken Spence.
Commercial Bank of Ceylon was named Euromoney's 2026 'Best Bank in Sri Lanka' and 'Best ESG Bank', reporting 2025 profit before tax of Rs.89.38 billion and total assets of Rs.3.26 trillion. Euromoney cited its ESG leadership, including a Rs.15 billion green bond to fund renewable energy and a 19.5% ROE.
PickMe (Digital Mobility Solutions Lanka PLC) has partnered with Citypak (Advantis, part of Hayleys PLC) to launch PickMe Courier, an island-wide parcel delivery feature in the PickMe app, with Citypak providing end-to-end collection, sorting, line-haul and last-mile delivery.
Fitch affirmed Capital Alliance Investment Grade Fund's national credit rating 'BBf(lka)' and market risk sensitivity rating 'S4(lka)' and then withdrew the ratings for commercial reasons. The open-end fixed-income fund is managed by Capital Alliance Investments Ltd (majority-owned by Capital Alliance PLC) and mainly invests in term deposits and securities of Sri Lankan banks and NBFIs.
WindForce PLC and Vidullanka PLC inaugurated a 10 MW/40 MWh grid-scale standalone BESS in Anuradhapura, the first of 13 projects that together will provide 130 MW/520 MWh of storage. WindForce also commissioned a 5 MW floating solar plant (≈9 GWh/yr), raising its renewable capacity to ~268 MW.
The Government aims to add about 960 MW of battery energy storage capacity by end-2027 to absorb daytime solar surplus; a 10 MW/40 MWh system in Anuradhapura (first of 13 by Storex) was connected, with the 13-system project totalling 130 MW/520 MWh. Separate 400 MW, 250 MW and 150 MW BESS bids are under evaluation targeting completion by mid-2027.
The World Bank Group mobilised a record $112 billion in private capital in FY26-more than triple FY22's $35 billion-bringing total financing and mobilisation to over $200 billion and directing about 55% to job-rich sectors. It also issued over $25 billion in guarantees and launched a five-year Country Partnership Framework for Sri Lanka with IFC and World Bank commitments of roughly $1 billion each.
India has extended financial assistance for the Nagapattinam-Kankesanthurai passenger ferry for a third consecutive year, providing viability gap funding of about Rs.300 million annually to sustain operations. India will also fund rehabilitation of Kankesanthurai Harbour under a $65m grant and explore additional routes; the ferry moved ~52,000 passengers since August 2024.
Global oil prices fell for a third day, with Brent down 2.2% to $102.57/bbl and US WTI down 1.9% to $100.05, as investors weighed fresh Saudi-Yemen strikes against signs that additional Saudi crude may reach global markets and ease supply concerns.
Namal Rajapaksa was further remanded until 29 September by the Colombo Chief Magistrate over allegations he accepted a Rs.100 million bribe related to an Airbus purchase; the defence must file a written bail application by 22 September and the Bribery Commission to file objections by 25 September.
The Gates Foundation will spend at least $1 billion over the next two years to expand equitable access to artificial intelligence and AI-enabled solutions. The funding is earmarked roughly 40% for education, 40% for health, 10% for agriculture and 10% for digital foundations (languages, datasets).
The Export Development Board has called for RFPs to appoint a service provider to revamp its website and run a digital marketing campaign to boost the global visibility of Sri Lanka's ICT sector; bids are due 29 Sep 2026 with a pre-bid meeting on 21 Sep.
The ASPI fell 1.52% over the week but closed Friday up 0.16% at 21,056.26, with the weekly sell-off linked to rising global oil prices and an uptick in government treasury yields; turnover was over Rs.1.3bn and foreign investors were net sellers of about Rs.5.9m.
The 5 MW "Diyajanani" floating solar plant on Ibbankatuwa Tank in Dambulla was connected to the national grid and will supply electricity for about 7,500 households annually. The project is expected to cut roughly 6,440 tCO2 and save ~2.5 million litres of diesel (≈USD 3 million in FX) per year and provided about 150 local jobs.
Sri Lanka's rupee closed at 330.75/331.25 to the US dollar on Friday, firming from 331.50/90 the previous day. Local government bond yields fell across maturities (e.g. 15.09.2027 at 9.85/10.00%), with modest declines reported on several longer-dated issues.
Colombo Stock Exchange ASPI rose 0.16% to 21,056.26 on Friday (S&P SL20 up 0.07%) while the ASPI ended the week down 326.48 points. Market turnover was Rs 1.34bn; People's Leasing plans to list Rs 10bn of 13.75% debentures and DFCC Bank allotted its Rs 12.5bn Tier-2 debenture issue.
People's Leasing & Finance (PLC.N0000) plans to list Rs 10 billion of five-year subordinated debentures carrying a fixed 13.75% p.a. interest. The issue is 100 million units at Rs100 each (AER 13.75%), CSE has approved listing in principle and subscription opens Sept 23.
Crude oil was set for a weekly decline after fears over Saudi exports eased on reports of ship-to-ship transfers off Oman; Brent traded at $103.65/bbl and WTI at $101.04/bbl. Prices remain above $100, sustaining upward pressure on end fuel prices.
WindForce PLC commissioned a 10 MW/40 MWh grid-scale battery storage system and a 5 MW floating solar plant, raising its generation capacity to about 268 MW. The BESS, Sri Lanka's first standalone grid-scale battery, was developed via StoreX (a JV with Vidullanka PLC) and the floating solar (owned by WindForce's Diyajanani) is expected to generate ~9 GWh/year.
WindForce and Vidullanka commissioned a 10 MW/40 MWh grid-scale BESS in Anuradhapura (the first of 13 Storex facilities) and a 5 MW floating solar plant; WindForce said the floating plant will generate ~9 GWh/year and raises its renewable capacity to about 268 MW.
WindForce PLC commissioned a 10 MW/40 MWh grid-scale BESS in Anuradhapura and a 5 MW floating solar plant, lifting its total renewable capacity to about 268 MW. The BESS is the first of 13 facilities totalling 130 MW/520 MWh and the floating solar is expected to generate ~9 GWh/year.
L B Finance (LFIN.N0000) has incorporated a subsidiary, LB Finance Philippines Inc., and received its Certificate of Incorporation and authority to operate as a finance company dated 01 Sep 2026 (received 17 Sep 2026). The company filing also notes a prior Fitch national rating upgrade and the share was trading at Rs153.50 (up Rs1).