📈 CSE ASPI Hits New Historic All-Time High
The Colombo Stock Exchange (CSE) benchmark All Share Price Index (ASPI) reached an unprecedented milestone today, closing at its highest level in history. • Overall Market Performance The benchmark ASPI gained 100.90 points (+0.43%) to finish at 23,708.70, breaking the previous record of 23,659.70 set in November 2025. The blue-chip S&P SL20 index also saw a strong uptick, rising 63.65 points (+0.98%) to close at 6,558.41. • Sector & Market Drivers Investor sentiment remains bolstered by the recovery of the financials and industrials sectors. Recent data indicates the financials sector (accounting for ~60% of the S&P SL20) continues to lead market momentum, while the capital goods and food, beverage & tobacco sectors remain dominant in daily turnover. • Key Highlights • Record High: ASPI 23,708.70. • Growth: S&P SL20 increased by nearly 1% in a single session. • Context: The rally reflects growing confidence in the banking sector's profitability and broader structural reforms in the 2026 economic landscape. _Note: Based on market closing data from January 14, 2026._
📈 T-Bill Yields Rise Marginally Amid Market Recovery
The weekly Treasury Bill auction saw weighted average yields increase for the fourth consecutive week, though the upward momentum showed signs of moderating. • Auction Results & Yields: 91-day: 7.95% (+7 bps) 182-day: 8.44% (Steady) 364-day: 8.48% (+1 bps) • Subscription Highlights: The auction was marginally undersubscribed, raising Rs. 96.43 Bn out of an offered Rs. 100 Bn (96.43% acceptance). Despite the slight shortfall, total bids received were high at 3.47 times the offered volume, with the 182-day tenor exceeding its specific target. • Secondary Bond Market: Yields initially climbed but recovered late-session due to renewed buying interest. Key trades included the 15.09.27 maturity at 9.00% and the 15.06.35 maturity at 11.15%-11.20%. Total transacted volume reached Rs. 84.05 Bn. • Market Liquidity & Forex: The net liquidity surplus stood at Rs. 151.97 Bn. In the Forex market, the LKR depreciated marginally, with the USD/LKR spot contract closing at 309.20/309.30 compared to the previous 309.00/309.10. _Data based on Wealth Trust Securities and CBSL figures._
CSE Indices End Flat Amid Mixed Interest 📈
The Colombo stock market remained steady for the second straight session, with indices closing marginally lower despite healthy turnover levels. • Overall Market Performance The All Share Price Index (ASPI) edged down by 0.71 points to 23,607.80. The S&P SL20 index also dipped by 0.12% (7.69 points) to close at 6,494.76. Total market turnover reached over Rs. 4.9 Bn, with approximately 133.3 million shares changing hands. • Investor Activity Foreign investors recorded a net inflow of Rs. 22 Mn. High net worth and institutional activity was concentrated in banking and diversified financials, specifically Citizens Development Business Finance, Melstacorp, and Hatton National Bank. Retail interest remained strong in speculative counters and the real estate sector. • Sector Breakdowns • Capital Goods: Emerged as the top turnover contributor (19%), led by Sierra Cables which saw its price rise by Rs. 1.30 to Rs. 36.30, despite the sector index falling 1.43%. • Banking: The second highest contributor, accounting for a significant portion of the 29% share held together with diversified financials. The sector index rose 0.34%, supported by Commercial Bank which edged up to Rs. 219.75. • Real Estate: Attracted notably higher interest alongside foreign currency-earning counters. • Top Laggards Price losses in blue-chip diversified holdings like John Keells Holdings (JKH), alongside Colombo Dockyard and DFCC Bank, weighed on the ASPI.
📈 Alphabet Joins US$ 4 Trillion Club Amid AI Surge
Alphabet hit a historic US$ 4 trillion market valuation on Monday, reclaiming its position as the world’s second most valuable company. The milestone reflects a massive shift in investor sentiment, with the stock surging 65% in 2025—outperforming its "Magnificent Seven" peers. • Overall Performance & Valuation Alphabet's market cap briefly touched the US$ 4 Tn mark as Class-A shares hit a record high of US$ 334.04. It is now the fourth company to reach this milestone, following Nvidia, Microsoft, and Apple. • Strategic Sector Highlights Artificial Intelligence (AI): Sentiment was bolstered by a landmark multi-year deal where Apple will base its next-generation AI models and Siri on Google's Gemini. Cloud Computing: Revenue for the cloud unit jumped 34% in Q3, supported by a backlog of unrecognized sales contracts totaling US$ 155 Bn. ICT & Hardware: Growth is further accelerated by renting proprietary AI chips to external firms, with Meta reportedly in talks for a multi-billion dollar deal starting in 2027. • Market Outlook The company successfully allayed concerns over its AI strategy through the launch of Gemini 3. Regional momentum remains strong, with Samsung planning to double its Gemini-powered mobile devices this year. Core advertising revenue remains steady despite global economic uncertainty. • Regulatory Context A September court ruling against breaking up the company—allowing it to retain control of Chrome and Android—has further stabilized the stock’s growth trajectory.
📈 Bond Auction Raises Rs. 184.79 Bn; Mixed Yield Results
Sri Lanka successfully raised 90.14% of its Rs. 205 Bn Treasury Bond offering in the latest auction, with the bid-to-acceptance ratio reaching 1.86 times. While short and long-term rates remained stable, middle tenors saw an unexpected uptick. • Bond Auction Highlights • Total Raised: Rs. 184.79 Bn (out of Rs. 205 Bn offered). • 2030 Maturity: Fully raised at a weighted average yield of 9.74%. • 2033 Maturity: Fully subscribed at 10.65%, exceeding market expectations. • 2035 Maturity: Undersubscribed, settling at a higher yield of 11.08%. • 2039 Maturity: Fully subscribed at 11.09%, showing a narrow term premium. • Treasury Bill & Money Market • Upcoming T-Bill Auction: Rs. 100 Bn on offer today to cover maturing volumes (Rs. 104.68 Bn). • Previous T-Bill Performance: Yields rose for the third consecutive week; 91-day at 7.88%, 182-day at 8.44%, and 364-day at 8.47%. • Liquidity: A net surplus of Rs. 168.89 Bn recorded, currently held at the CBSL's Standing Deposit Facility. • Currency & Forex • LKR Performance: The Rupee appreciated slightly, closing at Rs. 309.00/10 against the USD. • Trading Volume: Daily USD/LKR volume stood at US$ 78.30 Mn. Summary based on provisional market data from Wealth Trust Securities.
📉 CSE Slumps as 11-Day Bull Run Ends
The Colombo stock market began the week in negative territory, snapping an 11-day winning streak as indices retreated amid cautious sentiment and selling pressure. • Market Indices & Performance ASPI: Declined by 0.19% (45.79 points) to close at 23,608.51. S&P SL20: Ended flat with a marginal 0.01% dip to 6,502.45. Turnover: Recorded at Rs. 5.2 Bn, which is 14.7% above the monthly average of Rs. 4.5 Bn. • Sector & Stock Highlights Capital Goods: Top turnover contributor (24%), led by John Keells Holdings (Rs. 22.90) and Royal Ceramics (Rs. 50.00). The sector index fell 0.51%. Banking: Second highest contributor; sector index eased by 0.10%. Commercial Bank rose to Rs. 219.50, while HNB and SAMP faced declines. Food, Beverage & Tobacco: Combined with Banking to account for 31% of the daily turnover. • Investor Activity Foreign Participation: Remained subdued with a net outflow of Rs. 35.4 Mn. Participant Profiles: Retail activity was strong, while High Net Worth (HNW) and institutional interest were concentrated in select blue-chips like JKH and Royal Ceramics.
📈 CSE Poised for Growth in 2026 Amid Low Rates
The Colombo Stock Exchange (CSE) remains a lucrative investment avenue for 2026, supported by a low interest rate environment and improving corporate fundamentals, according to Softlogic Stockbrokers. Despite the $ 4.1 Bn impact of Cyclone Ditwah, the market continues to show resilience. • Market Performance (2025): • ASPI gained 41% YoY, with Market Cap crossing Rs. 8 Trillion (+41.67%). • Total market turnover surged by 129% to Rs. 1.23 Trillion. • S&P SL20 recorded a 26.6% increase. • Valuations remained attractive with a PER of 10.73x and PBV of 1.45x. • Sector & Corporate Earnings: • Total corporate earnings grew 16% to Rs. 512 Bn (first 9 months of 2025). • The Banking sector led the recovery, contributing 38% of total earnings. • Construction, Manufacturing, and Services sectors all showed robust momentum. • Macro-Economic Context: • Budget deficit contracted by over 73% following a 37% rise in tax revenue. • Inflation (CCPI) was contained at 2.1%, while the CBSL maintained the OPR at 7.75%. • Foreign investors were net sellers with an outflow of Rs. 38.6 Bn, though renewed inflows are anticipated in 2026. • Outlook: The economy is shifting toward cautious optimism. With reconstruction efforts underway and support from the IMF, World Bank, and ADB, mid-single-digit GDP growth is projected for 2026.
📉 CSE: First Market Decline of 2026 Recorded Today
The Colombo Stock Exchange (CSE) experienced its first downturn of the year today, January 12, snapping its positive streak for 2026. Both key indices closed in the red amid active trading volumes. • Overall Indices: The All Share Price Index (ASPI) fell by 45.79 points (0.19%) to close at 23,608.51 points. Similarly, the S&P SL20 Index, which tracks the largest and most liquid stocks, edged down by 0.57 points to end at 6,502.45. • Market Liquidity: Despite the price decline, market turnover remained healthy, totaling Rs. 5.21 billion for the session. • Context: This session marks the first instance of negative movement for the banking, finance, and diversified holdings sectors collectively reflected in the indices this calendar year. _Data based on daily CSE provisional figures._
Secondary Bond Market Yields Lower Amid High Auction Liquidity 📈
The Sri Lankan secondary bond market yields closed lower week-on-week, driven by robust buying interest in mid-to-long term maturities. While the short end saw intermittent profit-taking, the "belly of the curve" (2029–2030) remained stable or dropped, supported by healthy transaction volumes and block trades. • Overall Market Dynamics: Yields on 2029–2032 tenors generally eased. The 15.06.29 maturity dropped to 9.50% from week highs, while the 01.10.32 maturity traded down to 10.30%. The short end (2026) showed late-week recovery with the 15.12.26 maturity trading at 8.50%. • Treasury Auctions: - T-Bills: Last Wednesday’s auction was fully subscribed for the first time in 4 weeks, raising Rs. 100 Bn. Weighted averages rose for the 3rd consecutive week: 91-day (7.88%), 182-day (8.44%), and 364-day (8.47%). - Upcoming T-Bonds: A major auction is scheduled for today (12 Jan) offering Rs. 205 Bn across four maturities (2030, 2033, 2035, and 2039). • Liquidity & Forex: - Money Market: Net liquidity surplus rose to Rs. 171.03 Bn (up from Rs. 134.48 Bn). CBSL holdings of government securities remained flat at Rs. 2,508.92 Bn. - External Sector: Marginal net foreign inflow of Rs. 57 Mn into government securities. The Sri Lankan Rupee (LKR) appreciated slightly against the USD, closing at Rs. 309.00/30. • Sector Impact: The stable yields in the longer end reflect sustained investor confidence in government securities, providing a benchmark for corporate lending and supporting the broader financial services sector and infrastructure financing.
Secondary Bond Market Yields Decline Amid Surging Activity 📈
• Market Sentiment: The secondary bond market experienced a shift as aggressive buying interest drove yields lower across most maturities. Transaction volumes were high, bolstered by significant block deals. • Yield Movements: • 2027 maturity: Dropped from 9.00% to 8.95%. • 2029 maturities: Traded lower in the range of 9.70%–9.50%. • 2032 maturities: Yields softened to the 10.35%–10.30% range. • Upcoming Auction: The Central Bank announced a major Treasury Bond auction for January 12, seeking to raise Rs. 205.00 Bn across four maturities (2030, 2033, 2035, and 2039). • Monetary Liquidity: The system maintained a high net liquidity surplus of Rs. 168.45 Bn. Weighted average rates for call money and repo stood at 7.97% and 7.99% respectively. • Currency Performance: The Sri Lankan Rupee appreciated against the US Dollar, with spot contracts closing at Rs. 309.10/50 compared to the previous day’s Rs. 310.05/15. • Volume: Total secondary market transacted volume reached Rs. 76.86 Bn (as of Jan 7), while USD/LKR traded volume was US$ 68.50 Mn.
Lanka Securities Clarifies Role in CSE Trading Disruption 📉
Lanka Securities Ltd. has issued an official statement regarding the trading disruption at the Colombo Stock Exchange (CSE) on Wednesday, denying involvement in the incident. • Core Clarification: The firm stated it did not place any pre-open sell orders for Wealth Trust Securities PLC shares at the reported price of Rs. 25,000 per share. • Regulatory Status: As a licensed market intermediary, Lanka Securities emphasized its compliance with the Securities and Exchange Commission of Sri Lanka (SEC) and CSE surveillance rules. • Current Status: The incident is currently under review by regulatory authorities. Lanka Securities confirmed it is cooperating fully with the ongoing investigation. • Market Integrity: The company reaffirmed its commitment to professionalism and investor protection to maintain confidence in Sri Lanka's capital markets. _Note: Summary based on official company statements following media reports of the disruption._
📈 CSE Gains Rs. 89.4 Bn as ASPI Nears Record High
The Colombo stock market staged a strong recovery yesterday, adding Rs. 89.4 billion in value and bringing the ASPI within 133 points of its all-time peak. • Market Performance: The All Share Price Index (ASPI) rose by 1.00% (+233.28 points) to 23,527.13. The S&P SL 20 gained 1.48% (+94.18 points) to close at 6,458.03. • Trading Volume: Turnover reached Rs. 12.3 billion, a significant 219% increase over the monthly average. Approximately 223.7 million shares changed hands. • Sector Highlights: • Real Estate: Led the market, contributing 37% of total turnover. • Banking & Diversified Financials: Combined for 32% of turnover, driven by interest in HNB, SAMP, COMB, DFCC, and CFIN. • Investor Sentiment: Retail participation was strong, while high-net-worth (HNW) involvement remained moderate. Foreign investors recorded a net outflow of Rs. 1.7 billion. • Context: The surge follows a previous day of technical disruptions, with the ASPI now eyeing its 12 November 2025 record of 23,659.
📈 CSE Rebounds with Record Rs. 12.32 Bn Turnover
The Colombo Stock Exchange (CSE) staged a strong recovery today (Jan 08) following yesterday's market disruption, posting its highest turnover in recent history. • Market Performance: • The All Share Price Index (ASPI) surged by 233.28 points (+1.00%) to close at 23,527.13. • The S&P SL20 advanced by 100.01 points (+1.57%) to end at 6,463.86. • Total turnover reached a record Rs. 12.32 Bn. • Key Highlights: • Lee Hedges PLC dominated activity with a crossing valued at Rs. 3.93 Bn. • Wealth Trust Securities PLC debuted in the secondary market, recording a Rs. 1.16 Bn turnover. • Wealth Trust shares, originally priced at Rs. 7.00 in the IPO, traded between Rs. 14.90 and Rs. 19.80, closing at Rs. 18.90—a massive 166% gain for initial investors. • Market Context: • Trading resumed normally after the SEC and CSE cancelled all equity transactions from Jan 07 due to a technical anomaly where a share was traded at an irregular price of Rs. 25,000. Based on provisional market data.
📈 MBSL Midcap Index Revised for 2026
The Merchant Bank of Sri Lanka (MBSL) has announced the annual recalibration of the MBSL Midcap Index, effective from 1 January 2026. The index tracks 25 medium-sized companies on the Colombo Stock Exchange (CSE) based on market capitalization, liquidity, and profitability. • Market Capitalization Range: For 2026, the eligibility range has been adjusted to Rs. 8.45 Bn – Rs. 84.5 Bn (up from Rs. 4.9 Bn – Rs. 49.07 Bn in 2025), reflecting movements in the ASPI. • Sector Breakdown: The index now represents 9 GICS industry groups: • Banking: HNB (X), Seylan, Seylan (X), DFCC, and NDB. • Capital Goods: ACL Cables, Access Engineering, Sierra Cables, Royal Ceramics, and Aitken Spence. • Diversified Financials: Commercial Credit, Central Finance, Vallibel Finance, First Capital, and People’s Leasing. • Other Key Sectors: Includes Energy (LIOC), Materials (Chevron, Dipped Products, JAT), Food & Beverage (Sunshine Holdings, Lanka Milk Foods), and Real Estate. • Key Inclusions: New entrants for 2026 include Sierra Cables, Aitken Spence, Vallibel Finance, Lanka IOC, Janashakthi Insurance, JAT Holdings, and Prime Lands Residencies. • Notable Exclusions: Companies such as John Keells Holdings, TeeJay Lanka, and Watawala Plantations have been removed from the 2026 index. The revision aims to provide portfolio managers with signals for switching to stocks with high growth potential and moderate volatility.
LKR Weakens: USD/LKR Spot Rate Surpasses Rs. 310 📈
The Sri Lankan rupee (LKR) crossed a significant threshold today, January 7, 2026, marking its weakest level in nearly two years. • Overall Figures: The Central Bank of Sri Lanka (CBSL) recorded an Indicative Spot Rate of Rs. 310.02 per US Dollar, the first time the rate has exceeded Rs. 310 since late February 2024. • Market Rates: Commercial banks showed a widening spread with the buying rate at Rs. 306.28 and the selling rate at Rs. 313.81. • Historical Context: This movement follows a period of "ongoing pressures" in the foreign exchange market. The LKR depreciated by 5.6% against the USD throughout 2025. • Impact: The weakening currency reflects broader shifts in the external sector as the country manages a flexible exchange rate regime aimed at maintaining price stability while building foreign reserves. _Source: Central Bank of Sri Lanka (CBSL) - January 7, 2026._
📈 CSE Halts Trading & Cancels Deals Over Pricing Error
The Colombo Stock Exchange (CSE) took the rare step of halting the market and canceling all morning transactions today (07) following a significant pricing error during the debut of a newly listed company. • Market Impact: Trading was suspended at 9:53 a.m. after irregular transactions were detected in Wealth Trust Securities Limited (WTS). A massive "error trade" executed at Rs. 25,000—drastically higher than its IPO price of Rs. 7.00—distorted market turnover to a staggering Rs. 162 Bn. • Regulatory Action: In concurrence with the SEC, the CSE announced that all equity transactions conducted prior to the halt are cancelled. This was necessary as the inflated turnover artificially boosted investor buying power, threatening market order. • Sector Focus: Wealth Trust Securities, a primary dealer in the banking & finance sector, saw its IPO oversubscribed by 14.9 times last month. The company intended to list on the Diri Savi Board to strengthen its capital base for government securities trading. • Next Steps: All orders placed after 9:00 a.m. have been purged. Investors must re-enter their orders once the Order Management System (OMS) is cleared and trading resumes.
📈 Mixed Yields & High Liquidity Ahead of Rs. 100 Bn T-Bill Auction
The secondary bond market remained active with a flattening yield curve as investors balanced profit-taking on short-term tenors against stable demand for medium-to-long-term maturities. • Secondary Bond Market: Rates on the 2029-2030 "belly" of the curve initially dropped (9.71% - 9.80%), while short-term 2027-2028 maturities saw a sell-off, pushing yields up to 8.50% - 9.26% due to profit-taking. Daily transaction volume reached Rs. 14.71 Bn. • T-Bill Auction: The Central Bank has offered Rs. 100 Bn for today's auction (Jan 7), matching maturities of ~Rs. 97.73 Bn. This follows last week’s auction where weighted averages rose across all tenors (91-day: 7.74%, 182-day: 8.27%, 364-day: 8.45%) with a 47.83% subscription rate. • Money Market Liquidity: Net liquidity surplus rose for the fourth day to Rs. 175.21 Bn. Overnight call money and Repo rates stood at 8.00% and 8.03% respectively. • Currency Movement: The LKR saw slight depreciation, with the USD/LKR spot contract closing at Rs. 310.00/10 compared to the previous Rs. 309.95/05. Traded volume for Jan 5 was US$ 68.45 Mn.
📈 Mixed Yields & High Liquidity Ahead of Rs. 100 Bn T-Bill Auction
The secondary bond market remained active with a flattening yield curve as investors balanced profit-taking on short-term tenors against stable demand for medium-to-long-term maturities. • Secondary Bond Market: Rates on the 2029-2030 "belly" of the curve initially dropped (9.71% - 9.80%), while short-term 2027-2028 maturities saw a sell-off, pushing yields up to 8.50% - 9.26% due to profit-taking. Daily transaction volume reached Rs. 14.71 Bn. • T-Bill Auction: The Central Bank has offered Rs. 100 Bn for today's auction (Jan 7), matching maturities of ~Rs. 97.73 Bn. This follows last week’s auction where weighted averages rose across all tenors (91-day: 7.74%, 182-day: 8.27%, 364-day: 8.45%) with a 47.83% subscription rate. • Money Market Liquidity: Net liquidity surplus rose for the fourth day to Rs. 175.21 Bn. Overnight call money and Repo rates stood at 8.00% and 8.03% respectively. • Currency Movement: The LKR saw slight depreciation, with the USD/LKR spot contract closing at Rs. 310.00/10 compared to the previous Rs. 309.95/05. Traded volume for Jan 5 was US$ 68.45 Mn.
📈 CSE Market Momentum: 9th Consecutive Day of Gains
The Colombo stock market maintained its bullish streak yesterday, marking nine straight sessions of growth. Total market value generated in the first three trading days of 2026 reached Rs. 218.6 billion. • Key Indices: The ASPI rose by 1.21% (+278.16 points) to 23,292.91, while the S&P SL20 surged 2.19% (+136.41 points) to 6,363.85. • Turnover & Volume: Market turnover stood at nearly Rs. 6.6 billion with 154.7 million shares traded. Crossings accounted for 15.3% of the total turnover. • Sector Performance: The Banking sector was the primary driver, contributing 32% of turnover. Capital Goods and Food, Beverage & Tobacco (including Poultry) collectively accounted for 36%. • Top Contributors: Major gains were seen in HNB, COMB, JKH, NDB, and SAMP. Market breadth was positive with 138 gainers against 103 decliners. • Foreign Interest: Recorded a net outflow of nearly Rs. 8 million. COMB.N saw the highest net foreign buying (Rs. 84.4 million), while PKME.N led net foreign selling (Rs. 36.4 million). The market P/E ratio currently stands at 11.02, reflecting high activity from both retail and high-net-worth investors.
📈 Global Equity Rally & Oil Dip: Impact on SL Sentiment
Global markets extended gains this Tuesday, driven by AI-linked tech optimism and favorable US manufacturing data. Asian indices, including Hong Kong and Tokyo, surged as investors anticipated potential Fed rate cuts. Meanwhile, oil prices dipped as supply concerns in Venezuela eased, providing a potential relief for Sri Lanka’s energy import costs. • Stock Market Performance: The Colombo Stock Exchange (CSE) remains upbeat, with the ASPI rising 3.9% over the last week. The index closed at 23,292.91 (Jan 6), reflecting a robust 46.9% YoY growth. Financials and Renewable Energy sectors are leading the current rally. • Sector Growth & Exports: • Apparel & Textiles: Cumulative exports (Jan-Nov 2025) reached US$ 4.57 Bn, a 5.42% YoY increase. While November saw a slight 1.96% dip, the EU market grew by 13.07%, highlighting strong ethical manufacturing demand. • Tea: Production showed a modest recovery, with cumulative output up 2.82 Mnkg to 220.97 Mnkg. Low-grown tea rose 5.96%, though high-grown segments faced a 6.22% decline. • Economic Outlook: Based on provisional data, Sri Lanka’s 2026 budget deficit is projected to rise to 6.5% of GDP due to Rs. 500 Bn in Cyclone Ditwah recovery spending. Despite this, 2026 GDP growth is forecasted at 3.5%–5.0% as stability returns. • Currency & Inflation: The Sri Lankan Rupee recently depreciated below 310 per US$, while December inflation remained steady at 2.1%.
📈 Review of Sri Lanka’s Bond Market 2025
The Government Securities market in 2025 was defined by strong macroeconomic fundamentals and fiscal overperformance, despite intermittent volatility from global shocks and natural disasters. Yields generally trended lower, supported by a shift in the yield curve and robust investor appetite. • Fiscal Performance & Debt: • Revenue grew by Rs. 1.3 Tn (+35% YoY) due to tax reforms. • Primary surplus doubled to Rs. 1.94 Tn (+109% YoY). • Budget deficit narrowed sharply to Rs. 326 Bn from Rs. 1.22 Tn. • S&P upgraded foreign currency rating to CCC+ in September. • Monetary & Inflation Indicators: • CCPI inflation remained in deflation from January–July, ending the year well below the 5% target. • A single 25 bps policy rate cut in May brought the Overnight Policy Rate to 7.75%. • Market liquidity remained in surplus, exceeding Rs. 100 Bn for 80% of the year. • External Sector & Foreign Investment: • Foreign holdings in Rupee Treasuries surged 259% to Rs. 141.37 Bn. • Current account surplus reached US$ 1.68 Bn (Jan-Nov), aided by a 21% rise in remittances. • Gross International Reserves stood at US$ 6.00 Bn as of November. • Key Risks & Outlook: • Market sentiment was shaken by US 'Reciprocal Tariffs' (finalized at 20%) and the Iran-Israel conflict. • Year-end yields rose due to Cyclone Ditwah, resulting in a Rs. 500 Bn supplementary estimate for 2026 reconstruction, creating uncertainty for future rate trajectories.
📈 CSE Extends Winning Streak to Ninth Session
The Colombo Stock Exchange continued its robust upward momentum on Tuesday (06), with the blue-chip index reaching a six-week high. • Market Performance The benchmark All Share Price Index (ASPI) surged by 278.16 points (+1.21%) to close at 23,292.91. This marks the ninth consecutive day of gains for the bourse. • Sector & Index Highlights The liquid S&P SL20 Index outperformed the broader market, jumping 2.19% (136.41 points) to end at 6,363.85. Investor interest was heavily concentrated in the banking and capital goods sectors. • Top Contributors Key drivers for the day included Hatton National Bank (HNB), Commercial Bank, John Keells Holdings (JKH), National Development Bank (NDB), and Sampath Bank. • Turnover & Activity Daily market turnover reached Rs. 6.59 Bn, reflecting high investor engagement compared to the previous session's Rs. 5.7 Bn. Despite the rally, the market saw a net foreign outflow of Rs. 87 Mn. • Macro Context The market remains optimistic amid sectoral growth in diversified financials and construction, alongside recent adjustments in energy prices by Lanka IOC following state-led fuel price hikes. _Based on CSE daily market data._ Would you like me to provide a deeper breakdown of the top gaining stocks for this session?
📈 Sri Lanka Bond Market Yields Spike Amid Increased Activity
• Secondary Bond market yields saw a sharp increase yesterday, following the Treasury Bill auction where weighted average rates rose across all maturities. The 364-day tenor increased by a notable 16 basis points. • Market activity picked up significantly. Key bond maturities traded: • 15.09.27: 9.05%-9.06% • 15.02.28 & 15.03.28: Highs of 9.15% • 01.07.28: High of 9.20% • 15.10.28: 9.20%-9.23% • Longer tenors (e.g., 15.12.29) climbed to 9.85% from previous 9.65/75 levels, and 01.07.30 traded at a high of 9.95%. • 15.03.31: 10.15%; 01.11.33: 10.60%. • Total secondary market Treasury Bond/Bill volume for Dec 23 was Rs. 28.26 Bn. • An upcoming Treasury Bond auction on Dec 30 (settlement Jan 1, 2026) will offer Rs. 55 Bn across two maturities: • Rs. 30 Bn from 01.07.30 (9.75% coupon) • Rs. 25 Bn from 01.07.37 (10.75% coupon) • Money markets saw net liquidity surplus increase to Rs. 102.48 Bn. Overnight call money and Repo rates stood at 8.00% and 8.05% respectively. • In the Forex market, the USD/LKR spot contract closed depreciating slightly to 309.65/309.75. Total traded volume for Dec 23 was $64.60 Mn.
📈 CSE Marginally Up as JKH Crossings Dominate Turnover
The Colombo Stock Exchange closed Christmas Eve slightly positive, driven by significant block trades in John Keells Holdings (JKH). • Market Performance: • ASPI gained 0.15% (+32.05 pts) to 21,959.05. • S&P SL20 rose 0.07% (+4.17 pts) to 6,015.48. • Turnover exceeded Rs. 4.1 billion, with 147.2 million shares traded. • Investor Activity: • Foreign investors were net sellers with an outflow of Rs. 331.3 million. • JKH crossings accounted for 33.9% of overall turnover, drawing strong interest from HNW investors. • Crossings contributed 43.3% to total turnover. • Sector Contributions: • Capital Goods sector led with 53% of total turnover. • Diversified Financials and Banking sectors combined for 14%. • Market Sentiment: The market largely consolidated, trading within a narrow range despite occasional volatility spikes. Top positive contributors included SFCL, SPEN, SAMP, BUKI, and CARG.
📈 Gold Surges Past US$4,500/oz to Record High! 🚀
Precious metals are hitting all-time peaks driven by geopolitical tensions and US rate cut expectations. • Gold reached a record high of US$4,497.55/oz, with US futures at US$4,519.20/oz. • Year-to-date, gold has risen over 70%, acting as a safe-haven asset amidst US-Venezuela tensions and expected easing of US monetary policy. • Silver also soared to a record US$69.98/oz, with spot prices at US$69.56/oz. • Silver has outperformed gold, gaining over 141% since the start of the year, backed by supply shortages, high industrial demand, and investment inflows. • Platinum prices also advanced to all-time highs. • Analysts predict gold could target US$5,000/oz in the medium term, while silver's long-term target remains at US$75/oz, with active growth resuming after the holiday season.
📉 CSE ends volatile week in red, loses Rs. 70 Bn
The Colombo Stock Exchange (CSE) closed a volatile week with significant losses amid sustained selling pressure and low participation. • Weekly Performance: • ASPI fell 1.59% (359.17 points) to 22,149.09. • S&P SL20 dropped 0.67% (41.12 points) to 6,056.54. • Market value decreased by Rs. 70 billion this week, totaling Rs. 271 billion since 21st November 2025. • Daily Figures (19 Dec.): • ASPI down 0.64% (143.48 points). • S&P SL20 down 0.16% (9.89 points). • Turnover: Over Rs. 3.45 billion with 75.1 million shares traded. • Foreign Investor Activity: Net sellers with an outflow of Rs. 49.6 million for the day and Rs. 42.6 million according to another figure in the news content. • Sector Contributions to Turnover: • Capital Goods: 31%. • Materials and Food, Beverage & Tobacco: Combined 22%. • Top Negative ASPI Contributors: DOCK, MELS, HHL, JKH, and NDB. Subdued participation from HNW and retail investors continued throughout the week.
📈 CSE Opens Week in Red After Rally; Loses Rs. 53 Bn
The Colombo Stock Exchange (CSE) started the week on a negative note, ending a five-session rally and losing Rs. 52.9 billion in market value. • The ASPI declined by 0.95% (213.49 points) to close at 22,294.77. • The S&P SL20 also dropped by 0.74% (45.36 points) to 6,052.30. • Market turnover was modest at less than Rs. 2.23 billion, with nearly 81.3 million shares traded. • Foreign investors were net buyers, recording a net inflow of Rs. 88 million. • Top negative contributors to the ASPI included DOCK, CINS, COMB, CFIN, and DFCC. • The Capital Goods sector led turnover, accounting for 35%, while Food, Beverage and Tobacco and Diversified Financials contributed a combined 31%. • The Construction sector saw a pull-back, contrasting its performance from the previous week. • First Capital Research noted a subdued start to the week, with the ASPI drifting down after early trading hours.
Colombo Stock Market Surges, ASPI Crosses 22,000! 📈
The Colombo Stock Market saw a robust performance today (Dec 09, 2025): The All Share Price Index (ASPI) surged by 439.46 points (2.04%) to close at 22,034.32, once again breaching the 22,000 mark. The S&P SL20 also advanced, gaining 77.47 points (1.31%) to end the session at 6,004.11. Market turnover for the day reached Rs. 3.88 billion.
📈 CSE Weekly Review: Rs. 424 Bn Value Wiped Out
• Colombo Stock Exchange closed the week in the red, with indices hitting a two-and-a-half-month low. • Overall Figures (Week-on-Week): • ASPI fell by 5.35% (1,215.74 points). • S&P SL20 fell by 5.45% (341.4 points). • Total market value loss for the week was nearly Rs. 424 Bn. • Yesterday's Activity: • Daily turnover neared Rs. 3.97 Bn. • Foreign investors were net buyers with an inflow of nearly Rs. 72 Mn. • Sector Breakdown: • Capital Goods was the top turnover contributor (27.4% of daily turnover), with the sector index losing 1.30% (e.g., JKH, Hemas Holdings). • Banking was the second contributor; the sector index decreased by 1.88% (Key counters: HNB, COMB, SAMP). • Banking and Diversified Financials together accounted for 36.7% of the day's turnover. • Weak sentiment prevailed, with 202 counters closing lower, driving the index further into negative territory.
📈 SL Equities Now a 'Top Pick' for Foreign Frontier Fund: Stability & Undervaluation Key
AFC Asia Frontier Fund (AFC AFF) Co-Fund Manager Ruchir Desai has given an upbeat assessment, stating Sri Lanka is one of the Fund's top country picks, entering its most promising phase in a decade. • Core Drivers: The recovery is built on political and macroeconomic stability, which are critical prerequisites for sustained investor interest. • Fund Allocation: AFC AFF increased exposure soon after November 2022 (the 'crisis bottom') and Sri Lanka is now the Fund's second-largest country allocation. • Valuations: Equities remain significantly undervalued vs. fundamentals and regional peers. The broader market trades at ~11x earnings (P/E), below the 14-16x P/E seen pre-2018. • Sector Strength: Company fundamentals have returned to pre-crisis strength, showing robust earnings growth across banking, consumer, and industrial sectors. Private banks are benefitting directly from improved credit growth. • Valuation Gap: E.g., a leading SL bank trades at ~1x book value, while a comparable regional bank trades at nearly 2.5x, despite SL banks showing stronger earnings momentum. • Structural Strengths: Highlighting strong corporate governance, transparency, and a resilient pool of well-run companies. Untapped sectors include logistics and tourism. • Foreign Flows: Although currently low, foreign interest is expected to return by 2026 or 2027 if stability persists. Desai stressed that the platform is set for stable growth, but the country must "not to drop the ball" by maintaining reforms. 🤞
📈 Secondary Bond Market Active, LKR Appreciates Slightly
• Secondary Bonds: Market activity was active with healthy transaction volumes, boosted by several block transactions. Yields were broadly steady across the curve. • Renewed buying interest led to a marginal drop in yields for 2028 tenors (e.g., 15.02.28 traded at 9.20%). • Selected longer tenors (2031 & 2033) edged up marginally (e.g., 01.11.33 traded up to 10.62%). • Total secondary Treasury Bond/Bill volume for 2 Dec was Rs. 6.60 Bn. • Money Market (Liquidity): Net liquidity surplus was recorded at Rs. 102.75 Bn on Wednesday. • Rs. 106.92 Bn was deposited at the SDFR (7.25%), while Rs. 4.17 Bn was withdrawn from the SLFR (8.25%). • Overnight call money and Repo weighted average rates stood at 7.94% and 7.96%, respectively. • Forex Market: The USD/LKR spot rate appreciated slightly, closing the day at Rs. 308.75/308.80 (vs. previous close of Rs. 308.80/308.90). • Total USD/LKR traded volume for 2 Dec 2025 was US$ 45.60 Mn.
📈 CSE Plummets to Two-Month Low Amid Weather Uncertainty
• The Colombo Stock Market (CSE) recorded a sharp decline yesterday, losing a total of Rs. 143 Billion in value from its previous close. • The ASPI fell 1.87% (414.98 points) to 21,826.59, while the active S&P SL20 dropped 1.75%. • Daily turnover was nearly Rs. 3.78 Bn. • The sharp slide was primarily attributed to uncertainty surrounding adverse weather forecasts warning of persistent heavy rainfall. • Sector Focus & Contribution: • Capital Goods was the top contributor, generating 38.6% of the day’s turnover (counters included John Keells Holdings, Access Engineering). The sector index lost 1.51%. • Banking was the second largest contributor, with the sector index decreasing by 1.72% (driven by Hatton National Bank). • Investor Activity: • Foreign investors remained Net Sellers, posting an outflow of Rs. 295.5 Mn. • Overall investor activity, including retail and High Net Worth (HNW) participation, was noted as muted.
Sri Lanka Business Confidence Index (BCI) Plunges in November 📉
• The LMD-PEPPERCUBE Business Confidence Index (BCI) tumbled by 23 basis points in November, dropping to 189 from its record high of 212 in October. • The drop is attributed to a wave of uncertainty and apprehension among the business community, largely due to pre-budget caution and the lack of major reforms in Budget 2026. • Sentiment shifted towards greater caution regarding long-term economic and sales prospects, though overall optimism persists. • Context: The BCI at 189 remains 64 points above its historic median (125) and significantly higher than 154 recorded in November last year. • Economic Projections: The World Bank forecasts moderate economic growth of 4.6% in 2025 and 3.5% in 2026, but notes the rebound is incomplete, with output below pre-crisis levels. • Outlook: The recent confidence resurgence appears unsustainable; the BCI is expected to fluctuate significantly ("seesaw") over the next 6-12 months. Sustaining confidence requires implementing targeted policies.
📈 Colombo Stock Market Recoups Post-Cyclone Dip
• The market bounced back, capturing 30% of the Rs. 240 Billion value wiped off on Monday following the Ditwah cyclone. Market capitalisation gained Rs. 72 Billion yesterday. • The benchmark ASPI rose by 1% (219 points), and the active S\&P SL20 gained 0.85%, partially reversing Monday's plunges. • Turnover was Rs. 4 Billion, which is 20% below the monthly average of Rs. 5 Billion. Retail investors primarily drove bargain-hunting opportunities. • Sector Contribution to Turnover: • Capital Goods led with 29% (index +0.95%). • Banking and Materials sectors combined for 36.3%. • The Materials sector index saw the highest gain at +1.31%. • Foreign investors remained net sellers, posting a net outflow of Rs. 197.6 Million. High net worth interest was noted in Tokyo Cement NV, Dipped Products, and Melstacorp.
T-Bill Rates Anchor for 20th Week; Secondary Bonds Rise & Rupee Depreciates 📈
• Treasury Bill Auction: Weighted average rates held broadly steady for the 20th straight week. • Key Rates: 182-day was 7.91% and 364-day was 8.03% (both unchanged). The 91-day tenor saw a marginal 1 basis point drop to 7.51%. • Under-Subscription: The auction was heavily undersubscribed for the 5th consecutive week, raising only Rs 15.843 Bn (33.01%) out of Rs 48.00 Bn offered. • Secondary Bond Market: Activity and yields increased, reportedly reacting to the aftermath of Cyclone Ditwah. Maturities traded higher, e.g., 15.10.29 at 9.60% and 01.11.33 up to 10.55%. • Transaction Volume: Total secondary market Bond/Bill transacted volume for the day was Rs 1.073 Bn. • Forex Market: The Rupee depreciated further. The USD/LKR spot closed at 308.80/308.90, compared to 308.55/308.65 the previous day. Total traded volume was US$ 41.55 Mn. • Money Market: Net liquidity surplus recorded at Rs 97.03 Bn. Overnight Call Money and Repo rates stood at 7.94% and 7.97% respectively.
CSE Drops Steeply Post-Cyclone Ditwah 📉
The Colombo Stock Market began December and the new week with a steep decline, driven by panic selling following the recent adverse weather conditions. • Indices Performance: • ASPI: Fell sharply by 3.04% (690.76 pts) to close at 22,022.06. • S&P SL20: Lost 2.89% (181.16 pts). • Key Figures: • Turnover: Over Rs. 5.2 Billion. • Foreign Flow: Net sellers, recording an outflow exceeding Rs. 106.2 Million. • Sector & Industry Highlights: • Capital Goods was the top contributor to turnover (29.1%), despite the sector index losing 1.72%. • Banking was the second highest contributor, with the sector index decreasing by 3.56%. • A notable trend was increased investor interest in Construction counters, anticipating future rebuilding activity following flood-related damage.
📉 Secondary Bond Market Moderates; LKR Depreciates
• Secondary Bond market activity remained moderate as participants adopted a cautious stance following Cyclone Ditwah. Yields saw an upward edge on the short end of the curve. • Key T-Bond trades included 15.02.28 and 15.03.28 maturities at 9.20%, and the 15.03.31 maturity at 10.00%. • Total secondary T-Bond/Bill transacted volume for 28 November was Rs. 2.95 Bn. • Money Market: Net liquidity surplus decreased to Rs. 86.32 Bn. • Rs. 102.85 Bn was deposited at the SDFR (7.25%), while Rs. 16.53 Bn was withdrawn from the SLFR (8.25%). • Forex Market: The USD/LKR spot rate depreciated to close the day at Rs. 308.55/308.65, up from Rs. 308.05/308.20 the prior day. • Total USD/LKR traded volume on 28 November was $49.85 Mn.
📈 Global Gold Reserves Soar to US$ 4.83 Trillion Amid Central Bank Buying
• The combined value of global gold reserves reached approximately US$ 4.83 t as of November 19, 2025, reflecting renewed central bank interest in the precious metal as a safe haven. • This represents a significant 44.66% increase in reserve value since December 2024, when gold traded at $2,609.10 per ounce. • Top Accumulators (2025 YTD): • Poland is the largest buyer YTD, adding 67.1 tons to its reserves (Value surged 66.57% vs 2024). • Kazakhstan is the second-largest accumulator, with net purchases of approximately 40.4 tons. • China continued its steady accumulation, adding 1.2 tons in September and 0.9 tons in October, bringing its total net acquisitions for 2025 to ~35.5 tons. • The United States maintains the world's largest reserve at 8,133 tons (valued at US$ 1.08 t), while China holds the sixth-largest total reserve (2,303.5 tons). • Outlook: Central bank buying is expected to sustain elevated gold prices into 2026, driven by currency diversification strategies and responses to evolving US monetary policy.
📈 Primary Bond Auctions Surprise with Lower Yields!
• Yesterday's Treasury Bond auctions produced remarkable outcomes, registering weighted averages below the prevailing secondary market yields. • The 01.03.2030 maturity closed at a weighted average of 9.53% (vs. 9.60%-9.64% previous close). • The 01.06.2033 maturity recorded 10.39% (vs. 10.45%-10.50% previous close). • Secondary Bond market activity moderated post-auction. • Total secondary market T-Bond/Bill transacted volume for Nov 26 was Rs. 28.60 Bn. • Money market recorded a net liquidity surplus of Rs. 92.26 Bn. • Rs. 109.99 Bn was deposited at the SDFR (7.25%), while Rs. 17.73 Bn was withdrawn from the SLFR (8.25%). • Overnight Call/Repo weighted average rates stood at 7.94% and 7.96% respectively. • In the Forex market, the Rupee remained broadly steady. • USD/LKR spot contracts closed at Rs. 308.05/308.15. • Total USD/LKR traded volume for Nov 26 was US$ 107.20 Mn.
📉 Colombo Stock Market: One-Month Low Amid Near Five-Month Low Turnover
• The Colombo Stock Exchange (CSE) indices fell sharply on weak investor interest, with the ASPI closing at its second lowest point since 28 October. • ASPI: Down 0.80% (-182.14 pts) to 22,662.09. • S&P SL20: Down 0.68% (-42.85 pts). Market Activity & Finance: • Turnover hit a near five-month low (lowest since 7 July 2025) at just over Rs. 2.34 Billion. • Turnover was 57.5% below the monthly average. • Foreign investors were net sellers, recording an outflow of Rs. 103.46 Million. Sector & Stock Contributions: • Negative market contribution was primarily driven by major Banking counters (SAMP, COMB, HNB). • Capital Goods was the top contributor to turnover at 31%, led by Hemas Holdings and AccessEngineering, with the sector index falling 0.81%. • Diversified Financials and Banking sectors collectively contributed 26% to the day's turnover. • High Net Worth and Institutional interest was noted in Hemas Holdings, Diesel & Motor Engineering, and LOLC Holdings.
CSE Indices Continue Upward Trend for Second Straight Session 📈
• The Colombo Stock Exchange closed in the green for the second straight session, with retail and HNW investors showing moderate sentiment after the Monetary Policy Review maintained policy rates. • ASPI gained 0.11% (24.32 points) to 22,844.23. • The active S&P SL20 was up 0.20% (12.55 points) to 6,311.30. • Market Turnover was over Rs. 3.4 million on nearly 157.31 million shares traded, which is 38% below the monthly average of Rs. 5.6 Billion. • Foreign Investors were net sellers with a net outflow of Rs. 124.56 million. • Sector Focus: The Capital Goods sector accounted for 27% of turnover, while Materials and Banking contributed a combined 29%. • Notably, investors showed heightened interest in counters within the Hotel sector throughout the session. • Key market movers included HNB, DOCK, DIMO, AEL, and PKME.
📈 CBSL Holds Policy Rate Steady at 7.75%; T-Bill Rates Anchor for 19 Weeks
• Monetary Policy Review (6th/2025): Central Bank held the Overnight Policy Rate (OPR) unchanged at 7.75% for the third consecutive time. SDFR and SLFR remain at 7.25% and 8.25%, respectively, aimed at steering inflation toward the 5% target. • Treasury Bill Auction: Weighted Average Rates (WAYRs) were unchanged across all tenors for the 19th straight week: 91-day at 7.52%, 182-day at 7.91%, and 364-day at 8.03%. • The auction was undersubscribed for the 4th consecutive time, raising only Rs. 55.637 Bn (64.32% of Rs. 86.50 Bn offered). • Economic Context: • Private sector credit shows a "notable and broad-based expansion." • Rising imports widened the trade deficit, but strong inflows from tourism and workers' remittances cushioned the external current account. • Gross Official Reserves maintained above US$ 6 Bn thus far in 2025. • Market & Forex: • Secondary Bond market yields edged up following the policy announcement, mainly on the short end of the curve. • The Rupee marginally depreciated: USD/LKR (Spot) closed at 308.00/308.10.
📈 CSE Rebounds After Three-Day Decline on HNW Buying
• The Colombo Stock Exchange (CSE) ended its three-day losing streak, closing on the up yesterday driven primarily by bullish high net worth investor participation. • Overall Market: The ASPI rose by 0.77% (gaining 174.03 points) to close at 22,819.91, and the S&P SL20 gained 0.30% to 6,298.75. • Turnover & Activity: Market turnover was strong at over Rs. 4 Bn on nearly 110 million shares traded. • Foreign Activity: Foreign investors were net sellers, recording a net outflow of over Rs. 213.2 Mn. • Sector Drivers: The Banking sector dominated activity, accounting for 31% of total turnover, with the sector index gaining 0.60%. Capital Goods and Diversified Financials collectively contributed 33%. • Key Stocks: High net worth interest was noted in Hatton National Bank (HNB), John Keells Holdings (JKH), and DFCC Bank. HNB and DFCC Bank were the top drivers of the Banking sector turnover.
SL Secondary Bond Mkt: Slow Start Ahead of Key Events 📉
• Bond Market Activity: Secondary bond market began the week slowly as participants adopted a "wait and see" stance ahead of the final Monetary Policy Announcement and back-to-back T-Bill/Bond Auctions. • Yields consolidated and traded sideways, though transaction volumes were healthy (Rs. 3.56 Bn on Nov 14) due to several block trades. • Key Yields: Maturities traded included: 01.06.26 (8.20%), 15.03.28 (9.02%), 01.07.30 (9.60%-9.61%), and 15.06.35 (10.69%-10.70%). • Money Market Liquidity: Net surplus recorded at Rs. 58.50 Bn. • Rs. 79.20 Bn was deposited at the Central Bank's SDFR (7.25%), while Rs. 20.70 Bn was withdrawn from the SLFR (8.25%). • Weighted Average Rates: Call money was registered at 7.94% and Repo at 7.96%. • Forex Market: USD/LKR spot contracts closed steady at Rs. 307.80/307.90, compared to the previous day's close. • Total USD/LKR traded volume on Nov 21 was $75.43 Mn.
📉 CSE Slumps to Five-Week Low Amid Selling Pressure
• The Colombo Stock Market extended its slump into a third session, registering a sharp decline to close at a five-week low. • The ASPI dropped 1.47% (337.84 pts) to close at 22,644.88, while the active S&P SL20 lost 1.33%. • Total market turnover was over Rs. 4.95 billion on over 145.8 million shares traded. • Despite the broad market decline, foreign investors were net buyers, recording an inflow of over Rs. 83.2 million. • The market breadth was strongly negative, with 239 price decliners compared to only 28 gainers. • The Capital Goods sector was the top turnover contributor (accounting for 33%), led by Hemas Holdings and Colombo Dockyard, but its sector index lost 1.40%. • The Banking sector was the second-highest contributor and saw its index decrease by 1.62%. • Selling pressure dragged the index down, with counters like Hatton National Bank (HNB), National Development Bank (NDB), and John Keells Holdings (JKH) being the top negative contributors.
📉 CSE Ends Week Below 23,000 Points Amid Weekly Decline
• Daily Market Close: The benchmark ASPI fell sharply by 0.53% (122.24 pts) to 22,982.72, closing below the 23,000 threshold for the first time in nearly two weeks. The S&P SL20 also declined by 0.28%. • Turnover & Foreign Activity: Total turnover was over Rs. 3.8 billion. Foreigners were net sellers, resulting in a net outflow of Rs. 163.8 million for the day. • Weekly Performance: Both indices recorded significant losses for the week: the ASPI was down 2.03% (477.03 pts), and the S&P SL20 lost 1.1%. The total net foreign outflow for the week was Rs. 461.8 million. • Sector/Stock Highlights: • The Food, Beverage and Tobacco sector was the top turnover contributor, primarily due to Hatton Plantations and Renuka Agri Foods, though the sector index lost 0.92%. • Price losses were noted in counters like Hatton National Bank, Bukit Darah, and Ambeon Holdings. • High net worth interest was seen in Hatton Plantations, Dialog Axiata, and People’s Leasing and Finance.
🚨 CSE Market Snapshot (21/11/2025): Data Unavailable
• No market summary can be provided as the content of the "CSE PRICE LIST-21/11/2025" is empty. • Key indicators (e.g., ASPI/S&P SL20 movements, Total Turnover, or cross-sector performance) cannot be reported. • Provisional data on banking, tourism, or manufacturing sector activity is currently missing.
CSE Valuations Hit New High, But 2026 Growth Expected to Moderate 📉
• The Colombo Stock Exchange (CSE) market PE is now trading significantly above its 18-year historical average (12.0x), marking a rare valuation premium (FCR). • YTD 2025 Market Performance: • ASPI gained nearly 45%. • S&P SL20 was up 31.3%. • Market Capitalisation increased 45.3% to nearly Rs. 8.28 t. • 2025 Key Drivers & Earnings: • Strong economic performance, lower lending rates, and faster construction growth pushed valuations higher. • GDP growth is estimated at ~5%. • Corporate earnings are estimated to have risen by 25%. • 2026 Outlook & Pressures: • Growth is expected to moderate as a weaker rupee raises import costs and consumption slows. • Projected GDP growth: Easing to 3–4% (from ~5% in 2025). • Corporate earnings growth: Expected to normalise to about 17%. • Sectors like construction, tourism, and diversified exporters remain well-positioned despite the softer outlook.
📈 Bond Market Consolidates Amid Positive Restructuring & Tax News
• Secondary Bond Market: Yields consolidated for the third consecutive session within a narrow band. Concentrated demand caused rates on selected tenors, notably the 01.07.30 maturity (trading 9.62%-9.58%), to dip lower. • Key Activity: Total Treasury Bond/Bill transacted volume for the day was Rs. 19.97 Billion, reflecting healthy market activity. • Key Maturities: Noted trades include 01.06.26 at 8.15%, 15.10.27 at 8.50%, the 2028 tenors around 9.01%-9.08%, and 15.12.32 at 10.25%. • Market Boosters: Sentiment was supported by two factors: SriLankan Airlines reached an agreement in principle on the financial parameters for its bond restructuring. The Inland Revenue Department recorded its highest-ever tax revenue collection for the year 2025. • Money Market: Net Liquidity Surplus stood at Rs. 102.60 Bn (SDFR deposits: Rs. 104.44 Bn). Overnight call money/Repo rates were 7.93% and 7.96% respectively. • Forex: The USD/LKR spot contract closed marginally stronger for the LKR at Rs. 308.10/308.30. Total traded volume was US$ 122.95 Mn.
📈 CSE Breaks 5-Day Slump on Bargain Buying
• The Colombo Stock Exchange closed in the green, recovering from a five-session decline on heightened buying interest. • Benchmark ASPI gained 0.33% (75.10 pts) to close at 23,104.96. • Active S&P SL20 also rose 0.32% (20.60 pts) to 6,382.18. • Total turnover reached Rs. 3.49 Billion. • Foreign Investors remained net sellers, registering an outflow of Rs. 40.9 Million. • Market activity was supported by persistent bargain buying, though retail participation was muted. • Top Turnover Sectors: • Capital Goods led with 24% of total turnover, mainly due to John Keells Holdings (JKH). • Banking and Food, Beverage & Tobacco sectors collectively contributed 39%. • High Net Worth (HNW) and institutional interest were noted in counters like Commercial Bank (CMB), JKH, and Melstacorp. • Key positive contributors to the index included SAMP, RICH, BUKI, JKH, and CARS.
📈 T-Bill Rates Hold Steady; Rupee Appreciates Marginally
• T-Bill Auction • Weighted Average Rates (WAYRs) remained broadly steady for the 18th week. • 91-day and 182-day tenors: Unchanged at 7.52% and 7.91%. • 364-day tenor: Marginal 01 basis point decrease to 8.03%. • Auction was undersubscribed for the 3rd consecutive week, raising Rs. 63.12 Bn (73.40% of the Rs. 86 Bn offered). • Secondary Market • Secondary Bond market yields continued to consolidate, trading within a narrow band. • Key maturities traded: 15.09.29 at 9.47% and 01.11.33 between 10.45%-10.48%. • Total T-Bond/Bill transaction volume for 18 Nov: Rs. 6.47 Bn. • Money Market & Liquidity • Overnight Call/Repo rates stood at 7.93% and 7.96%. • Net liquidity surplus: Rs. 95.62 Bn (Rs. 96.86 Bn deposited at SDFR 7.25%). • Forex • USD/LKR rate on spot contracts closed marginally appreciating to Rs. 308.10/308.50. • Total USD/LKR traded volume: US$ 50.48 Mn.
📉 CSE Marginally Down Amidst Volatile Session
• The benchmark ASPI closed 0.09% lower (losing 21.80 points) at 23,029.86, and the active S&P SL20 index ended 0.23% down, driven by sharp selling pressure in early trading. • Total turnover exceeded Rs. 3.8 Billion on nearly 125.41 million shares traded. • Foreign investors remained net sellers, recording a net outflow of Rs. 4.7 Million. • Sector Activity Breakdown: • The Materials sector led market turnover, contributing 26% of the total. • The Capital Goods and Banking sectors collectively accounted for 38% of turnover. • Major negative contributors to the index decline included COMB, DIAL, DOCK, DFCC, and NDB. • Investor interest was notably high on JFP during its first day of trading. HNW and institutional activity was observed in CIC Holdings, Vallibel One, and Hemas Holdings.
Global Crypto Update: Bitcoin Rebounds from 7-Month Low 📉
• Bitcoin briefly dipped below the $90,000 mark, hitting a 7-month low of $89,286.75, before finding buyers and trading up nearly 1.9% at $93,532. • The risk-sensitive asset is now 26% below its October peak (above $126,000), losing all year's gains. • Market Impact: Approximately US$ 1.2 Trillion has been wiped off the total crypto market value in the past six weeks. • Key Drivers: The sharp decline is attributed to doubts over future U.S. interest rate cuts, a broad risk-averse mood, and significant institutional/listed company exits. • ETF Outflows: U.S. spot Bitcoin ETFs have seen major outflows totaling US$ 3.7 Bn since Oct 10, with $2.3 Bn exiting in November alone. • Corporate Impact: Standard Chartered estimates a drop below $90,000 could leave half of listed companies' Bitcoin holdings "underwater." The biggest corporate holder, Strategy, acquired 8,178 BTC on Monday. • Altcoins: Ether has also faced pressure, losing nearly 40% of its value from its August peak.
CSE Weekly Wrap: Closes Flat After Early Dip 📈
• Colombo Stock Exchange (CSE) indices closed marginally lower yesterday, recovering from a sharp early fall. The ASPI was down 0.01% (to 23,459.75) and the S\&P SL20 lost 0.34%. • Daily Market Turnover exceeded Rs. 5.6 Bn. • Foreign investors were net sellers with an outflow of over Rs. 5.9 Mn. Weekly Snapshot: • Indices posted gains for the week: ASPI up 0.5% and S\&P SL20 up 0.9%. • Average daily turnover for the week was a stronger Rs. 7 Bn. Sector & Activity Highlights: • The Banking sector was the top turnover contributor (25% of total), led by Hatton National Bank (HNB/HNB.NV), though the sector index lost 0.61%. • Capital Goods (driven by Hemas Holdings) and Food, Beverage, and Tobacco were also key contributors, with these three sectors accounting for 59% of total turnover. • High Net Worth and institutional interest was noted in Hemas Holdings and HNB/HNB.NV. • Retail interest was seen in SMB Leasing, Waskaduwa Beach Resort, and Hela Apparel Holdings.
CSE Market Snapshot (14/11/2025) 📉
• Note: Market performance data (indices, turnover, volumes) for the Colombo Stock Exchange (CSE) on November 14, 2025, is currently unavailable in the provided report. • Key figures and sector breakdowns cannot be summarized without the corresponding price list and trading statistics.
Wall St. Tumbles Amid AI Sell-off & Fed Jitters 📉
• Wall Street posted its steepest daily percentage decline in over a month, driven by a broad sell-off and investors scaling back expectations for a Federal Reserve (Fed) rate cut in December. • Index Performance: • S&P 500 fell 1.66% to 6,737.49. • Nasdaq dropped 2.29% to 22,870.36. • Dow Jones declined 1.65% to 47,457.22. • Key Drivers/Sectors: • Losses were led by Consumer Discretionary (-2.73%) and Information Technology (-2.37%). • AI heavyweights like Nvidia (-3.6%), Tesla (-6.6%), and Broadcom (-4.3%) saw steep declines amid fears over high valuations. • Monetary Policy Outlook: Financial market odds for a 25-basis-point Fed rate cut in December dropped significantly to ~47% (down from 70% last week), as Fed officials express continued caution over inflation and labor market stability.
📈 CSE Rally Ends: Profit Taking Drives Market Down
The Colombo Stock Exchange (CSE) closed in the red yesterday as investors engaged in profit booking following the recent post-Budget rally. • Index Performance: • ASPI dropped 0.84% (-198.24 points) to close at 23,461.46. • S&P SL20 fell 1.52% (-99.45 points) to finish at 6,458.15. • Activity & Flow: • Total market turnover was over Rs. 6.4 Billion. • Foreign investors were net sellers, recording a net outflow of over Rs. 788.7 Million. • Sector Focus: • The downturn was primarily driven by the Banking sector, which dominated market activity, accounting for 39% of total turnover. • The Materials and Capital Goods sectors jointly contributed 29% to the turnover. • Laggards: • Key negative contributors to the index included SAMP, HNB, JKH, NDB, and BUKI, reflecting broad-based decline across blue-chips. • Market breadth was negative, with 159 decliners versus 81 price gainers.
📈 SL Treasury Bond Auction Fully Subscribed After 7 Weeks!
• The weekly Treasury Bond auction was fully subscribed yesterday, marking the first time in seven weeks the market absorbed the entire offered amount. • A total of Rs. 80 Bn was offered across two maturities. • Demand was very strong, drawing bids amounting to 2.73 times the offered volume. • This strong appetite reflects the recent bullish tone and rallying yields seen in the secondary Bond market. • Weighted average rates at the auction confirmed this firm market sentiment, marking a clear shift from previous auctions.
SL Treasury Rates Hold Steady as Auction Undersubscribed 📉
• Treasury Bill Rates remained broadly anchored for the 17th consecutive week. • Key Rates: 91-day held at 7.52%; 364-day held at 8.04%. The 182-day tenor saw a marginal increase of 01 basis point to 7.91%. • Auction Performance: The T-Bill auction was undersubscribed for the second consecutive time, raising only Rs 43.31 Bn (56.25%) out of the Rs 77.00 Bn offered. • Secondary Bond Market: Yields edged up marginally, with the 15.01.27 maturity trading between 8.15%-8.16% and the 15.03.31 at 9.80%-9.82%. • Upcoming Focus: A major Rs 80 Bn Treasury Bond auction is scheduled for today (Nov 13), following a previous auction (Oct 13) that raised 86.23% (Rs 162.11 Bn) of its offered amount. • Money & Forex: A net liquidity surplus of Rs 146.61 Bn was recorded. The USD/LKR rate on spot contracts closed depreciating marginally to Rs 304.60/304.65. FX traded volume for Nov 11 was US$ 101.75 Mn.
📈 CSE Extends Post-Budget Rally to Third Session
• The Colombo Stock Exchange (CSE) continued its positive momentum, extending the post-Budget rally for a third consecutive session on renewed interest in banking stocks. • Overall Figures: • Benchmark ASPI closed 0.33% higher (up 77.54 pts to 23,659.70). • S&P SL20 gained 0.44% (up 29 pts to 6,557.60). • Turnover was strong, exceeding Rs. 7.23 Bn on nearly 191 million shares traded. • Market Drivers: • Investor interest focused on low and mid-tier Banking counters, supported by continued strong High Net Worth (HNW) interest. • Key positive contributors included RICH, JKH, SFCL, VONE, and SPEN. • Sector Activity: • The Capital Goods sector led market activity, accounting for 26% of total turnover. • Banking and Retailing sectors jointly contributed 31% of the total turnover. • Foreign Activity: • Foreign investors were net sellers during the session, posting an overall net outflow of Rs. 57.7 million.
📈 CSE extends post-Budget rally; Turnover hits Rs. 8.2 Bn
• Colombo Stock Exchange (CSE) extended its post-Budget rally for a second session, driven by robust retail and High-Net-Worth (HNW) investor activity. • The benchmark ASPI set a new high, closing up 0.34% (79.57 pts) at 23,582.16. The active S&P SL20 also gained 0.44%. • Market turnover surged past Rs. 8.2 Billion, an increase of 21% against the monthly average (Rs. 6.8 Bn). • Foreign investors were net buyers, recording a net inflow of Rs. 26 Million. • Sector dominance in turnover: • Capital Goods accounted for 28% of the total. • Banking and Food, Beverage and Tobacco sectors collectively contributed 35%. • Key positive contributors to the ASPI included RICH, DIAL, DFCC, AEL, and HNB.
Bond Market Consolidates Ahead of Rs. 77 Bn T-Bill Auction 📈
• Secondary Bond Market yields generally consolidated at lower levels from the recent rally, with trading largely sideways but activity remaining healthy. • Key trades included the 01.05.27 maturity at 8.50% and the 15.05.30 maturity at 9.55%. • Total secondary market turnover for Nov 10 was Rs. 13.01 Bn. • T-Bill Auction Today: A total of Rs. 77 Bn is on offer, structured as: • 91-day: Rs. 10 Bn • 182-day: Rs. 30 Bn • 364-day: Rs. 37 Bn • The offered amount is significantly below the estimated maturing volume of ~Rs. 104.28 Bn. • Last Week's T-Bills: Weighted average rates remained unchanged for the 16th consecutive week (91-day: 7.52%, 364-day: 8.04%), though the auction was undersubscribed (raised 86.40%). • Money Market: Net liquidity surplus was recorded at Rs. 145.28 Bn, deposited at the Central Bank’s SDFR (7.25%). Call/Repo rates were 7.93% / 7.96%. • Forex Market: The USD/LKR rate on spot contracts closed with a marginal depreciation to Rs. 304.20/304.35. Traded volume for Nov 10 was $ 79.70 Mn.
CSE Jumps Past 23,500 Mark Post-Budget 2026 📈
• The Colombo Stock Exchange (CSE) benchmark ASPI crossed the 23,500 point milestone for the first time, driven by positive sentiment following the 2026 Budget speech. The index closed up 0.70% (+164.34 pts) at 23,502.59. • The active S&P SL20 also saw significant gains, rising 1.86% to 6,500.04. • Market turnover was strong, exceeding Rs. 7.5 Billion on nearly 253 million shares traded. Foreign investors were net sellers, recording an outflow of Rs. 434.1 Million. • The Banking sector was the primary driver of the index gains, with HNB, SAMP, COMB, NDB, and DIAL being key contributors. • Sector activity was led by the Capital Goods sector (25% of turnover), followed by the Banking and Food, Beverage, and Tobacco sectors (34% combined). • The Budget proposals are expected to benefit banks by generating loan demand, especially through support for SMEs. Key allocations include: • An Rs. 25 Billion allocation for concessional interest rate loans (up to Rs. 25 Mn for successful businesses). • Credit guarantees of Rs. 7 Billion for SME loans, supported by a US$ 50 Million facility from the Asian Development Bank (ADB). • A new SME Development Loan Scheme with Rs. 7.7 Billion earmarked for fresh loans up to Rs. 50 Mn.
Secondary Bond Market Yields Dip; Rupee Appreciates 📈
• Secondary Bond Market continued its rally with strong buying interest, pushing yields lower, particularly in the 2028-2033 tenors. • Key Yields (sample): 01.05.27 at 8.56%; 15.02.28 at 8.90%; 01.11.33 traded down to 10.49%. • Total transaction volume on 7 Nov was Rs. 16.12 Bn. Market sentiment was supported by the ADB's approval of a US$ 100 Mn financing package. • T-Bond Auction Focus: The upcoming auction on 13 November will offer a total of Rs. 80 Bn. • Auction Breakdown: Rs. 35 Bn (1 July 2030 @ 9.75% coupon) and Rs. 45 Bn (15 June 2035 @ 10.70% coupon). • Money Market: Net liquidity surplus was recorded at Rs. 142.49 Bn. • Rs. 142.89 Bn was deposited at the CBSL's SDFR (7.25%). • Forex Market: The Rupee appreciated on spot contracts. • Closed at Rs. 304.15/304.20 compared to Rs. 304.80/304.90 the day prior.
Colombo Stock Exchange ASPI Crosses 23,500 Mark! 📈
• Historic Milestone: The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) surpassed the 23,500-point level for the first time ever during today's (Nov 10) trading session. • Setting a new all-time high, the index was recorded at 23,511.84 points upon crossing the mark.
📈 SL Bond Market Bullish on Favorable 2026 Budget Outlook
The secondary Government securities market saw a second consecutive week of bullish momentum, driven by strong demand and positive sentiment following the 2026 Budget reading. • Bond Market Trends: Robust activity and transaction volumes pushed yields sharply lower, causing a downward shift in the yield curve, particularly across 2026–2030 maturities. • Example: The 01.07.28 maturity yield declined from an intra-week high of 9.17% to a low of 9.00%. • Daily secondary market transacted volumes averaged Rs. 13.99 Bn for the first three days. • Foreign holdings of rupee-denominated securities remained static at Rs. 141.32 Bn. • Budget 2026 Projections (Key Drivers): The bullish sentiment was supported by Budget statements outlining continued macro-fiscal discipline and key targets for 2026: • Economic growth projected at 4%-5%. • Primary Budget Balance of 2.5% of GDP. • Budget Deficit maintained at 5.1% of GDP. • Government revenue expected to exceed 15.4% of GDP. • Additional positive development: Expectation of national carrier debt restructuring by December. • Money & Forex Markets: • Inter-bank liquidity surplus reduced to Rs. 118.29 Bn (from Rs. 155.05 Bn the previous week). • USD/LKR spot rate depreciated, closing the week at Rs. 304.80/304.90 (vs. Rs. 304.35/304.45 prior week). • Daily average USD/LKR traded volume stood at US$ 119.7 Mn (first four trading days).
CSE Bull-Run Sustained by 2026 Budget Optimism 📈
• Colombo Stock Exchange indices maintained a positive momentum, driven by investor optimism following the national Budget presentation. • Key Indices Performance: • Yesterday: ASPI gained 0.98% (+225 points); S&P SL20 rose 1.13%. • Weekly: ASPI gained 2.3%; S&P SL20 gained 2.7%. • Turnover & Activity: • Daily turnover was Rs. 6.7 billion, surpassing the weekly average of Rs. 5.73 billion. • Banking sector led market activity, accounting for 23% of total turnover, with the sector index gaining 1.56%. • Capital Goods and Food, Beverage and Tobacco sectors collectively contributed 32% of turnover. • Key Stocks and Contributors: • High net worth and institutional interest was noted in DFCC Bank, Sampath Bank, and Sunshine Holdings. • Top index contributors included SFCL, COMB, SAMP, HNB, and VONE. • Foreign Activity: • Foreigners were net sellers, recording a net outflow of Rs. 91.5 million. • Net foreign buying topped in JKH, while selling was highest in PLC.
Secondary Bond Yields Drop Further on Strong Buying & Easing Drivers 📉
• Market Trend: Secondary Bond market yields saw a further decline yesterday, driven by strong buying interest and robust transaction volumes, including block trades. • Key Drivers: Bullish momentum is attributed to fiscal over-performance, US Fed monetary policy easing, increased foreign investment in LKR bonds, and continual undersupply at T-Bill auctions. • Yields Snapshot: • 2026 Maturities traded around 8.05% (01.08.26) and 8.10% (15.12.26). • The 2029 Tenors saw aggressive buying interest, with yields dropping to ranges like 9.48% (15.12.29). • Longer maturities (e.g., 01.07.32) traded lower at 10.51%. • Market Volume: Total secondary market T-Bond/Bill transactions amounted to Rs. 18.80 Bn (for 4 Oct 2025). • Money Markets: Net liquidity surplus stood at Rs. 125.92 Bn. Call money and repo weighted average rates were 7.91% and 7.96% respectively. • Forex: The USD/LKR rate on spot contracts appreciated slightly, closing at Rs. 304.85/304.95. Total traded volume for 4 Nov 2025 was US$ 160.80 Mn.
CSE Hits Record High: ASPI Closes Above 23,000 📈
• Benchmark Performance: The All Share Price Index (ASPI) closed at a new all-time high of 23,112.38, gaining 0.69% (158.99 points). • The active S&P SL20 also saw a strong gain of 0.98%, closing at 6,310.26. • Market Activity: Total turnover was robust at over Rs. 6 billion, on more than 187 million shares traded. • Participation was driven by strong retail activity, alongside moderate High Net Worth (HNW) involvement. • Sector Focus: The Capital Goods sector led turnover, contributing 28% of the total. • Banking and Food, Beverage & Tobacco sectors were also highly active, jointly accounting for another 28%. • Foreign Flows: Foreign investors were net sellers, recording a net inflow of Rs. 38.1 million for the session. • Key positive index contributors included SFCL, NDB, DOCK, JKH, and CTHR.
Mixed Performance for Tea National Sales Average (NSA) in October 📈
• Overall October NSA: The National Sales Average for tea in October was Rs. 1,177.14 per kilo (US$ 3.87/kg). • Monthly Trend: This reflected a Month-on-Month (MoM) decline of Rs. 14.48 ($0.07) compared to the September average. • Yearly Trend: Despite the MoM drop, the October NSA saw a Year-on-Year (YoY) increase of Rs. 4.99 ($0.12) against October 2024. • Year-to-Date (YTD): Cumulative NSA (Jan-Oct 2025) remains negative YoY at Rs. 1,161.99 ($3.87), a decline of Rs. 74.93 ($0.21) from the corresponding period in 2024. • Regional Breakdown (October): Low Grown average recorded the steepest MoM decrease (Rs. 19.66, $0.09). Medium Grown average saw a marginal positive LKR variance MoM (Rs. 3.43). Cumulatively (Jan-Oct), all regions recorded negative YoY variances in both LKR and USD terms. • Export Context: Separate data highlights that tea export earnings for the first nine months (Jan-Sept) increased by 9.8% to US$ 1.16 Bn. September earnings alone rose by 17% to US$ 137 million.
📈 T-Bill Rates Anchor for 16th Week; Auction Undersubscribed
• Treasury Bill Rates Hold Steady: Weighted Average Rates (WAYRs) remained unchanged for the 16th consecutive week. • 91-day: 7.52% • 182-day: 7.90% • 364-day: 8.04% • Undersubscribed Auction: The weekly T-Bill auction raised only Rs. 66.96 Bn, covering 86.40% of the Rs. 77.5 Bn offered amount. • Secondary Bond Market: Yields consolidated at prevailing lower rates, cementing levels established post-market rally. • Healthy trading sentiment, with Nov 3 total transacted volume at Rs. 10.6 Bn. • Key Maturities: 15.05.26 traded around 8.04%-8.05%; 15.06.29 traded around 9.49%-9.50%. • Money Market Liquidity: Net surplus recorded at Rs. 133.17 Bn. • Overnight call money at 7.90% and Repo at 7.96%. • Rs. 150.02 Bn placed at SDFR (7.25%) versus Rs. 16.84 Bn withdrawn from SLFR (8.25%). • Forex Market: USD/LKR spot contracts depreciated, closing at Rs. 304.65/304.80 (previous close: Rs. 304.45/304.55). • Total traded volume for Nov 3 was $ 115.30 Mn.
📈 CSE ASPI Briefly Hits All-Time High of 23,000 Points
• The All Share Price Index (ASPI) briefly crossed an all-time high of 23,000 points during early trading before dipping due to profit taking. • ASPI closed up marginally by 0.11% (+25.18 points) at 22,953.49. The S&P SL20 index closed slightly lower by 0.05%. • Total market Turnover exceeded Rs. 4.4 Billion on over 161.7 million shares traded. • Foreign investors were net sellers with a net outflow of more than Rs. 485.4 Million. • Capital Goods was the top contributor to turnover (28%), with activity noted in Aitken Spence and Colombo Dockyard. The sector index gained 0.37%. • The Food, Beverage, & Tobacco and Banking sectors were the next highest contributors, collectively accounting for 34% of turnover, featuring stocks like Sunshine Holdings and Commercial Bank. • High Net Worth and Institutional interest was seen in Aitken Spence, Dipped Products, and Commercial Bank.
🇱🇰 CSE Milestone! ASPI Crosses 23,000 for the First Time 📈
• The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) achieved a historic first during the morning trading session today (November 4th). • The index surpassed the 23,000-point mark for the first time ever. • ASPI reached 23,000.54 points at approximately 09.37 a.m.
CSE Opens November Strong Amid HNW Activity 📈
Colombo stock market opened the month on an upswing, driven by high net worth (HNW) and institutional participation: • The All Share Price Index (ASPI) closed up 0.54%, gaining 123.47 points to 22,928.31. The active S&P SL20 also rose by 0.62%. • Total turnover exceeded Rs. 5.7 Billion on a volume of over 158.1 Million shares traded. • Foreign investors were net sellers, recording an outflow of Rs. 645.4 Million. • The Capital Goods sector was the top contributor to turnover, accounting for 27% and seeing its sector index rise by 0.91%. Activity was centered on Aitken Spence and Sierra Cables. • The Transportation sector was the second-highest contributor (combined 27% with Materials), with its index gaining 0.97%, driven by Digital Mobility Solutions Lanka. • HNW participation was noted in Digital Mobility Solutions Lanka, Aitken Spence, and Jetwing Symphony Limited, with John Keells Holdings (JKH) among the key positive index contributors. Trading activity was slightly cautious ahead of the upcoming national budget.
Strong Rally: Foreign Inflows Fuel Secondary Bond Market Yield Decline 📈
• The secondary Bond market kicked off the week on a bullish note, extending the rally and seeing yields decline across the curve, driven by strong buying interest focused on 2026-2030 tenors. • Market sentiment was significantly supported by a major inflow into Sri Lankan rupee Government securities. Foreign holdings rose by Rs. 10.36 Bn last week (ending Oct 30), marking the largest inflow in 32 weeks. • Total foreign holdings have now reached Rs. 141.32 Bn, a two-year high and a 259% surge from September 2024 lows. • Key yields closed lower: 15.12.26 traded at 8.10%; 01.07.30 traded between 9.72%-9.75%; and 15.09.34 traded at 10.70%. • Today's T-Bill auction offers Rs. 57 Bn against an estimated maturity of Rs. 106.40 Bn, marking the second consecutive week of undersupply. • In the Forex market, the Rupee depreciated marginally, closing at Rs. 304.45/304.55 per USD. Net money market liquidity stood at a surplus of Rs. 105.18 Bn.
📈 Foreign Investor Confidence Surges: Rupee Treasuries Hit 2-Year High!
• Foreign holdings in Rupee Government Securities recorded a massive net inflow of Rs. 10.36 Bn for the week ending Oct 31, marking the largest weekly inflow in 32 weeks. • Total foreign holdings now stand at Rs. 141.32 Bn, the highest level in two years (since Mid-Nov 2023). This represents a 259% increase from the low recorded in Sep 2024. • The Secondary Bond Market saw a pronounced shift to bullish sentiment and robust activity, leading to a week-on-week downward movement in the yield curve. • Key drivers: The US Fed's monetary policy easing and Sri Lanka's strong fiscal performance. • Fiscal Review (Jan-Sep 2025) highlights: Budget deficit narrowed by 54.5% and a robust Primary Surplus of Rs. 1.46 Tn (well above IMF targets). • Inflation (CCPI Oct YoY) accelerated to +2.1% (from +1.5% in Sept) but remains moderate and below the CBSL's medium-term target range. • Money market liquidity surplus increased 20.10% to Rs. 155.05 Bn. • The LKR depreciated marginally, with the USD/LKR spot closing the week at Rs. 304.35/304.45 (vs. 303.70/303.85 prior week).
CSE Week Ends in Red Amid Foreign Selling 📉
• The Colombo Stock Exchange (CSE) ended the week down following a three-day rally. • The ASPI declined 0.15% (to 22,804.84), while the active S&P SL20 closed in the green, up 0.18%. • Turnover was Rs. 5.6 Bn, which is 26% below the monthly average of Rs. 7.5 Bn. Foreign Activity & Weekly Close: • Foreign selling was substantial, leading to a net outflow of Rs. 893 Mn yesterday. • Foreigners were net sellers for the entire week, resulting in a net outflow of nearly Rs. 2 Bn. • Week-on-Week, the ASPI declined marginally by 0.03%, and the S&P SL20 fell 0.83%. Sector Performance & Activity: • Market activity was led by the Capital Goods sector, which contributed 29% of total turnover and saw its sector index gain 0.56%. • The Materials and Diversified Financials sectors accounted for a combined 23% of turnover. • Strong High Net Worth (HNW) activity was observed, primarily driven by large-scale crossings in SPEN (Aitken Spence) and LGL (Laugfs Gas).
Local Bond Market Buoyant Amidst US Fed Rate Cut 📈
• Secondary Bond Market sentiment remained strong, with robust buying interest absorbing initial selling, buoyed by the US Federal Reserve cutting its policy rate by 25 basis points (bps) to a range of 3.75%-4.00%. • Foreign Holdings Rebound: Foreign investment in Government Securities reached Rs. 130.96 Bn (a nearly two-year high), reflecting a 233% increase from the low recorded in September 2024. • Bond Yields consolidated at new levels: Key maturities traded included 15.02.28 at 9.07%, 15.10.30 at 9.80%, and 01.11.33 at 10.60%. Total market transacted volume was Rs. 29.35 Bn (Oct 29). • Money Market: The net liquidity surplus was recorded at Rs. 153.72 Bn. An amount of Rs. 154.52 Bn was deposited at the SDFR (7.25%). Weighted average call money and repo rates were 7.89% and 7.92% respectively. • Forex: The USD/LKR rate on spot contracts appreciated slightly, closing at Rs. 304.35/304.45. Total traded volume was $ 108.30 Mn.
CSE Closes Up Driven by HNW Activity & Strong Turnover 📈
• The Colombo Stock Exchange (CSE) ASPI index ended the day 0.27% higher, gaining 62.41 points to close at 22,839.53, sustaining the previous session's recovery. The S&P SL20, however, declined 0.13%. • Market Turnover was strong at Rs. 7.78 Bn, marking a 6% increase above the monthly average of Rs. 7.4 Bn. • Activity was largely dominated by High Net Worth (HNW) investors, supported by large-scale crossings (ATL, JKH, DOCK), while retail participation remained subdued. • Foreign investors recorded a notable net outflow of Rs. 857 million. Market breadth was positive with 135 gainers and 106 decliners. • The Capital Goods sector led activity, accounting for 27% of total turnover, followed by the Insurance and Retailing sectors (collectively contributing 28%). • Key positive movers included Colombo Dockyard (DOCK: up Rs. 38.50), Amana Takaful, and Digital Mobility Solutions Lanka. Investor interest was also noted in Ceylon Tea Brokers. Weakness across some blue-chips weighed on the SL20 index.
Senthilverl Exits Amana Takaful in Rs. 1 Bn Deal 📈
• Senthilverl Holdings Ltd. has fully exited Takaful Insurance firm Amana Takaful PLC, selling its remaining stake for Rs. 1 billion. • The transaction drove significant market activity, with a total of 51.5 million Amana Takaful shares trading for an overall turnover of Rs. 1.4 billion. • The major portion of the trade involved 40 million shares executed via 20 crossings at a price of Rs. 27 per share. • Amana Takaful's share price closed at Rs. 29, recording a 7.4% gain following the news.
📈 Nvidia Hits Historic US$ 5.03 Tn Valuation Amid AI Frenzy
• Global tech giant Nvidia made history this week, becoming the first company to reach a $5.03 trillion market capitalization, powered by the global Artificial Intelligence (AI) boom. • Meteoric Rise: This valuation was achieved just three months after the company breached the $4 trillion mark and now surpasses the total cryptocurrency market value. • Performance & Dominance: Nvidia’s shares have climbed 12-fold since the 2022 launch of ChatGPT, cementing its place as the backbone of the global AI industry. • New Orders: CEO Jensen Huang recently announced a massive $500 Bn in new AI chip orders and plans to build seven supercomputers for the U.S. government. • Global Context: The company's advanced chips, such as Blackwell, are a focal point in the tech rivalry between the U.S. and China due to Washington's export controls. Continued high-level investment in AI globally is critical for the expansion of the ICT/BPM sector.
Secondary Bond Market Rally Continues; T-Bill Auction Fully Subscribed 📈
• Secondary Bond market maintained its bullish momentum for a second consecutive session, spurred by news of Sri Lanka outperforming key fiscal metrics against IMF benchmarks for Q1-Q3 2025. • Strong demand led to considerable yield drops across the curve; longer tenor maturities (e.g., 2032) saw yields decline by approximately 10 basis points (bps). Total secondary market turnover was Rs. 15.60 Bn. • The weekly T-Bill auction was fully subscribed (Rs. 57 Bn raised), the first time in four weeks, with a bid/offer ratio of 2.21x. • Weighted Average Yields (WAYRs) held largely steady: 91-day unchanged at 7.52%. Marginal increases on 182-day (+1bp to 7.90%) and 364-day (+2bps to 8.04%). • Money Market: Net liquidity surplus stood at Rs. 154.84 Bn. Overnight call and Repo rates were 7.89% and 7.93%, respectively. • Forex Market: The Rupee depreciated further, with the spot rate closing at Rs. 304.40/304.55 (vs. Rs. 304.10/304.25 previous day). Traded volume was US$ 112.56 Mn.
📈 CSE Rebounds, Turnover Crosses Rs. 5.38 Bn.
• The Colombo Stock Exchange rebounded, with the ASPI gaining 0.39% (+87.90 points) to 22,777.12, and the S&P SL20 up 0.12%. • Total Turnover reached Rs. 5.38 billion, though this was about 28% lower than the monthly average. • Foreign Investors remained net sellers, recording a net outflow of Rs. 372.5 million. • Sector Dominance: Capital Goods was the top turnover contributor (20%), followed by the Utilities and Banking sectors (combined 25%). • Key Mover: The Utilities sector index surged 9.88%, driven by Windforce Ltd (+17.59%). Investor interest followed news of the company being the lowest-cost bidder for the Mullikulam wind project (Lot-1). • High net worth/Institutional interest was noted in Sampath Bank, John Keells Holdings, and Ceylon Land & Equity, while retail participation remained robust.
📉 CSE Logs 3rd Straight Session Loss Amid Selling Pressure
• Market Snapshot: Both key indices fell for a third consecutive day due to selling pressure, despite a partial recovery late in the session. • ASPI: Down 0.44% (99.57 pts) to 22,689.22. • S&P SL20: Down 0.84% (52.54 pts) to 6,203.09. • Turnover: Total turnover was Rs. 6.19 Bn, below the monthly average of Rs. 7.4 Bn, on over 211.8 million shares traded. • Foreign Activity: Foreign investors were net sellers, recording a net outflow of Rs. 42.48 Mn. • Sector & Stock Highlights: • The Capital Goods sector led market turnover (33%), driven by Colombo Dockyard (DOCK) and John Keells Holdings (JKH). • Food, Beverage & Tobacco and Banking sectors were the next highest contributors (jointly 21%). • Notable Gains: Colombo Dockyard (+21.60%), Lanka Realty Investments (+24.29%), and C M Holdings (+16.82%). • Key index negative contributors included JKH, Senkadagala Finance, and Sampath Bank. • Retail participation remained robust.
📉 CSE Indices Slip as Week Opens; Rs. 5.8 Bn Turnover
• Colombo Stock Exchange indices fell for the second consecutive session: ASPI was down 0.10% (22,788.79) and the active S&P SL20 fell 0.17%. • Market Turnover was robust at approximately Rs. 5.8 Billion. Over 306.8 million shares were traded. • Foreign Investors were Net Buyers, registering a net inflow of Rs. 176.5 million, despite subdued participation levels. • Capital Goods was the top contributor to turnover (driven by Colombo Dockyard & John Keells Holdings), followed by the Banking sector (DFCC Bank). Both sector indices edged down 0.01%. • Significant Price Gainers among top contributors: Healthcare stock Ceylon Hospitals soared +25.64% and Colombo Dockyard (DOCK) surged +24.20%. Ambeon Capital also appreciated by 3.56%. • The indices decline was primarily due to price losses in counters like C T Holdings, Central Finance Company, and Richard Pieris & Company. • Market breadth was negative, with 102 price gainers against 147 decliners. High net worth participation was noted in Ceylon Hospitals, John Keells Holdings, and DFCC Bank.
Secondary Bond Market Steady; Rupee Depreciates 📈
• The secondary Bond market kicked off the week on a steady, consolidating note with moderate overall activity. • Key Yields: Yields held broadly steady, with notable trades including the 01.06.26 maturity at 8.25%, 01.05.28 at 9.25%, and the long-dated 01.07.32 at 10.80%. • Total Treasury Bond/Bill transacted volume for October 24 was Rs. 11.73 Bn. • Money Market: Net liquidity surplus was recorded at Rs. 135.06 Bn. A total of Rs. 140.43 Bn was deposited at the Central Bank’s SDFR (7.25%). Weighted average rates were 7.89% for call money and 7.92% for repo. • Forex: The Rupee depreciated marginally, with the USD/LKR rate on spot contracts closing at Rs. 304.10/304.25 (vs. Rs. 303.70/303.85 the prior day). • Total USD/LKR traded volume for October 24 reached US$ 117.30 Mn.
📈 Foreign Holdings in Govt. Securities Surge to Highest Since Late 2023
• Foreign investment in Government securities (Treasury Bills and Bonds) has reached Rs. 130.96 Billion (Bn) as of 23 October. • This marks the highest level of foreign holdings recorded since 16 November 2023, indicating sustained overseas exposure to rupee-denominated debt. • Weekly Activity: Foreign investors were net purchasers during the week ending 23 October, recording an inflow of Rs. 606 Million (Mn). • Cumulative Inflows: Since 26 December 2024, the total cumulative inflows into Government Bills and Bonds have amounted to Rs. 61.7 Bn.
CSE Closes Marginally Up Amidst Rs. 9.2 Bn High Turnover 📈
• Market Indices: The All Share Price Index (ASPI) gained 0.26% (59.88 pts) to close at 22,850.95. However, the active S&P SL20 recorded a marginal loss of 0.13%. • Activity & Turnover: Market turnover was notably high at Rs. 9.2 Billion, approximately 24% above the monthly average, driven by strong High Net Worth (HNW) and institutional interest. • Foreign Flow: Foreign investors were net buyers, recording a net inflow of Rs. 13.8 Million. Net foreign buying topped in Hayleys PLC (HAYL) at Rs. 32.2 Mn. • Sector Performance: The Banking sector was the top contributor to turnover (22%), though its sector index lost 0.26%. The Capital Goods sector index gained 0.25%, with Colombo Dockyard appreciating 7.15%. • Key Movers: Investor sentiment was influenced by corporate announcements, including Hayleys PLC's entry into the supermarket industry (HAYL gained 3.0%). Bairaha Farms PLC surged 19.0% following a share subdivision announcement.
📈 Global Tech News: Samsung Shares Hit All-Time High
• Shares of South Korean memory chip giant Samsung Electronics surged as much as 2% on Thursday, hitting a record high on investor optimism surrounding the semiconductor industry. • The stock reached an all-time high of 96,900 won, surpassing the previous record of 96,800 won set in January 2021. • The company's stock has recorded an impressive Year-to-Date (YTD) increase of 80%. • Current trading value is approximately 95,900 won (US$ 67.52).
📈 CSE Market Cap Crosses Rs. 8 Trillion Mark Amid Real Returns Surge
• New Benchmark: The Colombo Stock Exchange (CSE) market capitalisation exceeded the Rs. 8 Trillion level for the first time, driven by a 40.48% gain Year-to-Date (YTD). • Exceptional Real Returns: The CBSL reports that the inflation-adjusted equity market delivered an average real return of 65.1% up to August 2025, compared to 24.8% in 2024. • Trading Activity: Average daily turnover saw a significant jump, climbing to Rs. 4.84 billion in the first eight months of 2025—more than double the Rs. 2.24 billion recorded in 2024. • Upside Potential: The Price-to-Earnings (PE) ratio stands at 9.81, which the CBSL notes is still below the long-term average of 12.13, indicating room for further growth. • Key Drivers: Strong performance is attributed to continued disinflation, robust dividend pay outs, and improved macroeconomic stability.