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Sri Lanka stocks down midday, plantations see interest
Tuesday May 5, 2026 12:47 pm Tuesday May 5, 2026 12:47 pm ECONOMYNEXT — Sri Lanka’s absence from the Real GDP growth projection in the IMF’s World Economic Outlook (April 2026), highlights its ongoing struggle to transition from short-term crisis management to long-term economic transformation, Ganeshan Wignaraja, former Director of Research at the ADB Institute, Tokyo, has said. The latest IMF World Economic Outlook (WEO) features blank spaces where Sri Lanka’s 2026 GDP numbers should be, placing the country in a “club” alongside conflict-affected places like the Palestinian Territories of West Bank and Gaza, Syria, Lebanon and Afghanistan. “Sri Lanka doesn’t have a number, you can look at that and there is no number. And I find that absolutely fascinating. Middle income country, 4,000 plus dollars a head… but no number for Sri Lanka,” Wignaraja said, suggesting the omission is likely tied to the incomplete debt restructuring process. Data and projections for Sri Lanka for 2025–31 are excluded from publication owing to ongoing discussions on restructuring of sovereign debt, according to the IMF report. Speaking at a recent Strategic Dialogue organized by The Regional Centre for Strategic Studies (RCSS), Wignaraja noted that while the IMF is “very happy” with Sri Lanka’s progress the real economy tells a more complex story. While the immediate fires have been put out, the path toward sustainable growth remains obscured, he said. Ganeshan warned that the cost of living remains the primary pain point for citizens. The current economic uptick, he said, is largely a “cyclical recovery” driven by the “base effect” of a collapsed economy and the relaxation of import controls, rather than new investment. “When we congratulate ourselves on recovery, it is certainly a congratulatory moment… however, it is a cyclical recovery on the base effect with relaxation of import controls and some return to some confidence,” Wignaraja said. The country still lacks the “stable economic foundation” needed to meet massive debt repayments starting in 2028, he said. The path to growth is further hindered by domestic governance failures and “unproductive” habits, Ganeshan said pointing to recent issues at the Treasury and internal frauds in the banking sector as significant blows to investor confidence. “Why would anyone want to invest in a country that has a cyber issue in their treasury?” he asked, noting that as a country in default, Sri Lanka is under intense scrutiny from ra...
Sri Lanka stocks close up 0.43-pct, bank stocks push turnover
The Colombo Stock Exchange All Share Price Index closed up 0.43 percent on Tuesday, while the S&P SL20 fell 0.26 percent, CSE data showed.The ASPI was up 89.92 points at 21,156.10.The S&P SL20 was down 15.62 points at 5,888.48.Hatton National Bank and Commercial Bank saw a considerable fall in points as their dividends expired, resulting in the S&P SL20 index falling, analysts said.Melstacorp (up 1.64 percent at 170.75 rupees), Sampath Bank (up 0.86 percent at 146.50 rupees), R I L Properties (up 2.79 percent at 25.80 rupees) were the top positive contributors to ASPI.Hatton National Bank (down 1.83 percent at 399.50 rupees), Central Finance Company (down 1.97 percent at 223.50 rupees), LOLC Holdings (down 1.89 percent at 5.20 rupees) were the top negative contributors.Turnover was 3.57 billion rupees. Capital goods contributed 452 million rupees.Commercial Credit and Finance announced an interim dividend of 3 rupees per share. The share closed up 3.86 percent at 114.25 rupees.People’s Leasing & Finance, a subsidiary of Sri Lanka’s People’s Bank, said it had completed a 5-year term loan facility of 10 billion rupees through an issue of trust certificates on private placement basis. The share closed up 0.45 percent at 22.50 rupees.In global markets, India’s Nifty50 closed up 0.065 percent at 22,694.25 points. Hong Kong’s Hang Seng saw a fall of 0.70 percent at 25,116.53 points.
Midday Market Update: Sri Lanka's Stocks Dip While Plantation Sector ...
FINANCIAL CHRONICLE - During midday trading on Thursday, the Colombo Stock Exchange in Sri Lanka experienced a downward trend. The All Share Price Index (ASPI) decreased by 0.37 percent, or 82.76 points, reaching a value of 22,552.24. Similarly, the S&P SL20 index fell by 0.29 percent, equating to a decline of 18.25 points, settling at 6,222.76.
Sri Lanka Colombo Stock Exchange All Share Index
Stock analysis for Sri Lanka Colombo Stock Exchange All Share Index (CSEALL:IN) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
