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CSE bounces back on positive investor sentiment; ease in inflation

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By Hiran H.Senewiratne

CSE trading activities bounced back yesterday after a dip running into several consecutive days due to buying interest in the last half hour of the trading session for Expolanka Holdings. However, selling pressure was noted in Lanka IOC due to a probable revision in fuel prices, stock market analysts opined.

President Ranil Wickremesinghe’s comment at a forum of the Tea Factory Owners in Colombo recently on the positive nature of the IMF bail- out too created some investor confidence.

Buying interest noted in Expolanka Holdings during the last half an hour of the session pushed the stock market to positive or green territory. But the market was overall volatile due to macroeconomic uncertainties.

Expolanka Holdings’ share price moved up by 11 per cent or Rs 16.75. The price moved to Rs 172 from Rs 150.25 at the end of the day, stock market analysts said.

Amid those developments both indices moved upwards. The All- Share Price Index moved up by 32.9 points and S and P SL 20 was up by 40.9 points. Turnover stood at Rs 1.26 billion without a crossing. In the retail market, top seven companies that mainly contributed to the turnover were, Expolanka Holdings Rs 489 million (2.9 million shares traded), Lanka IOC Rs 236 million (1.3 million shares traded), JKH Rs 55.5 million (423,000 shares traded), Melstacorp Rs 47.3 million (1.1 million shares traded), Browns Investments Rs 38.2 million (6.2 million shares traded), CW Mackie Rs 36.2 million (418,000 shares traded) and Hayleys Rs 29.5 million (382,000 shares traded). During the day 33 million share volumes changed hands in 13000 transactions.

Sri Lanka’s inflation in Colombo eased to 66 per cent in the 12-months to October 2022, from 69.8 per cent in September, with food prices falling 2.0 per cent in the month, data from the state statistics office showed.

The widely watched Colombo Consumer Price Index fell 0.4 per cent absolute to 243.8 points during the month of October. The food price index was up 85.6 per cent in the 12-months to October with the index falling 2.0 per cent. These developments created positive sentiment among investors, stock market analysts said.

It is said high net worth and institutional investor participation was noted in JKH. Mixed interest was observed in Expolanka Holdings, Lanka IOC and Hemas Holdings, while retail interest was noted in Browns Investments, LOLC Finance and Muller & Phipps.

The Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings) while the sector index lost 6.81 per cent. The share price of Expolanka Holdings decreased by Rs. 11 (6.82%) to close at Rs. 150.25.

The Capital Goods sector was the second highest contributor to the market turnover (due to Hemas Holdings), while the sector index decreased by 1.55 per cent. The share price of Hemas Holdings appreciated by one rupee (1.85per cent) to close at Rs. 55.10.

However, in the international arena it looks gloomy for the world, especially since Russia is trying to block the supply chain of Ukraine grain to the European and other global markets. This would negatively impact global stock markets in time to come, market analysts said.

Yesterday the Central Bank announced the US dollar buying rate as Rs 360.65 and the selling rate Rs 371.45.



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Global regulators convene in Colombo for key IOSCO enforcement and cooperation discussions

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Dignitaries at the wide-ranging discussions.

The Securities and Exchange Commission of Sri Lanka (SEC) successfully hosted a series of high-level meetings of the International Organization of Securities Commissions (IOSCO), bringing together leading securities regulators and enforcement officials from around the world to discuss emerging regulatory challenges, strengthen international cooperation, and enhance collective efforts to combat cross-border securities market misconduct.

The meetings, held at the Hilton Colombo from 13 to 16 October 2026, included sessions of the IOSCO Enforcement and Cooperation Committee and its Screening Group (Committee 4/SG), as well as meetings of the Monitoring Group and the Steering Committee. The event attracted approximately 50 senior representatives from securities regulators and exchanges across several jurisdictions, including Australia, Japan, the United States, the United Kingdom, France, Italy, Canada, New Zealand, India, Germany, Belgium, Singapore, China and Spain, reflecting the global significance of the discussions and the growing importance of international regulatory collaboration.

Welcoming delegates to Sri Lanka, Senior Professor D.B.P.H. Dissabandara, Chairman of the SEC, emphasized the critical role of international cooperation in safeguarding market integrity and investor confidence in an increasingly interconnected financial landscape.

“No regulator can effectively address cross-border misconduct in isolation. The speed with which information, transactions and illicit activities can move across borders requires an equally coordinated and timely regulatory response. Strong international cooperation, effective information sharing and mutual trust among regulators are essential to maintaining fair, transparent and resilient capital markets,” he stated.

The discussions focused on a range of enforcement and cooperation matters, including mechanisms for enhancing cross-border information exchange, strengthening investigative collaboration among regulators, addressing increasingly sophisticated forms of securities fraud and market abuse, and promoting the effective implementation of international standards and best practices. Participants also exchanged experiences and insights on emerging enforcement challenges arising from technological developments, digitalization of financial services, and increasingly interconnected global markets.

IOSCO is recognized as the leading international body that brings together the world’s securities regulators and serves as the global standard setter for securities regulation. Through its policy work and cooperative initiatives, IOSCO plays a central role in promoting investor protection, ensuring that markets are fair, efficient and transparent, reducing systemic risk, and strengthening confidence in capital markets worldwide.

Sri Lanka has maintained a strong and active relationship with IOSCO for more than three decades. The SEC became an Ordinary Member of IOSCO in 1993 and has been a signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU) since 2004. The MMoU is the internationally recognised benchmark for cooperation and information sharing among securities regulators and serves as a critical tool in facilitating cross-border investigations and enforcement actions.

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Pan Asia Bank partners Ideal Motors to offer leasing solutions

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Representatives of both parties are seen exchanging the agreement (Standing from left to right) Officials from Ideal motors: Trevene Ferdinand, AGM - Corporate/Tender; Dinesh Manage, Business Development Manager; Kasun Fernando, General Manager - Commercial Vehicles; Nimisha Welgama, Director – Legal and Corporate Affairs; Officials from Pan Asia Bank: Naleen Edirisinghe, Director/CEO; Yohan Ebell, Head of Retail Credit; Sudharshana Hettiarachchi, Officer in Charge – Leasing; and Kanchana Kannangara, National Sales Manager – Leasing.

Pan Asia Bank recently entered into a one-year Memorandum of Understanding (MOU) with Ideal Motors (Pvt) Ltd, creating a new financing avenue for customers purchasing vehicles from the authorised Mahindra dealer. The strategic partnership will enable customers of Ideal Motors to access leasing facilities from Pan Asia Bank, making vehicle financing more convenient while supporting their mobility and business requirements. The agreement also provides an opportunity for the Bank to expand its leasing portfolio and strengthen its presence in Sri Lanka’s vehicle financing market.

Ideal Motors is the authorised dealer for the Mahindra vehicle range in Sri Lanka, including the Mahindra Bolero CPU Truck and Scorpio Jeep/Pickup. The vehicles cater to a range of requirements, from commercial and business applications to personal mobility, making accessible financing an important part of the purchasing decision.

The Bank’s vehicle leasing facilities are designed to simplify the financing process, with convenient repayment options and professional support to help customers select a solution suited to their requirements. For customers, the arrangement brings vehicle selection and financing closer together, reducing the need to navigate the two processes separately.

“Our partnership with Ideal Motors enables us to bring financing closer to customers at the point of vehicle purchase. We remain focused on providing convenient and flexible leasing solutions that support both personal mobility and the needs of businesses,” said Naleen Edirisinghe, Director/CEO of Pan Asia Bank.

Pan Asia Bank and Ideal Motors will work closely during the one-year partnership to maximise business opportunities and deliver a seamless financing experience to customers. The collaboration is expected to strengthen both organisations’ ability to respond to demand for commercial and personal vehicles while creating greater value for customers.

Yohan Ebell, Head of Retail Credit, Pan Asia Bank, said: “Through this partnership, we aim to make vehicle financing simpler and more accessible, with leasing solutions designed to meet the varied requirements of Ideal Motors’ customers.”

The collaboration also reflects Pan Asia Bank’s commitment to building partnerships that make financial services more accessible and responsive to the needs of individuals and businesses.

Pan Asia Bank has established a growing presence in vehicle financing, offering leasing solutions designed around customer convenience and flexibility. Its leasing proposition is supported by a nationwide branch network and a customer-focused approach, enabling customers to obtain guidance on financing options while completing their vehicle purchase.

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Heritance Hotels and Resorts secures four wins at World Travel Awards 2026

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Heritance Hotels and Resorts has secured four distinguished titles at the World Travel Awards 2026, with three national awards recognising its Sri Lankan properties and an international title for Heritance Aarah in the Maldives.

The three Sri Lankan titles recognise Heritance Tea Factory as Sri Lanka’s Leading Heritage Hotel 2026, Heritance Ahungalla as Sri Lanka’s Leading Luxury Hotel 2026, and Heritance Kandalama as Sri Lanka’s Leading Wedding Hotel 2026. Heritance Aarah was named the Indian Ocean’s Leading All-Inclusive Resort 2026.

Internationally recognised within the global travel and tourism industry, the World Travel Awards celebrate excellence across hotels, resorts, and destinations. Recognition at this level affirms the quality, distinctiveness, and consistency of the experiences delivered by Heritance Hotels and Resorts.

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