Sri Lanka’s Stock Market Declines as HNB Finance Debuts Shares from Recent Rights Offering

FINANCIAL CHRONICLE – On Thursday afternoon, the Colombo Stock Exchange in Sri Lanka exhibited a downward trend, as indicated by CSE data, with the benchmark All Share Price Index (ASPI) declining by 0.49 percent.

Specifically, the ASPI fell by 107.58 points, settling at 21,720.92. In contrast, the more actively traded S&P SL20 index experienced a slight increase of 0.38 percent, which translates to a gain of 23.19 points, bringing it to 6,076.33.

Among the stocks positively impacting the ASPI were Dialog Axiata, which rose by 0.91 percent to reach 44.40 rupees, Seylan Bank, which increased by 1.00 percent to 101.00 rupees, and Malwatte Valley Plantations, which saw a notable rise of 4.36 percent, priced at 57.40 rupees.

Conversely, several stocks contributed negatively to the index, including Melstacorp, which decreased by 0.80 percent to 186.25 rupees, Greg, which suffered a decline of 6.57 percent to 37.00 rupees, Richard Pieris and Company, down 0.32 percent to 30.90 rupees, and Hatton National Bank, which fell by 0.25 percent to 395.00 rupees.

The overall market turnover reached 503.2 million rupees, with the Food, Beverage & Tobacco sector leading this turnover at 137.6 million rupees.

Additionally, HNB Finance completed the listing of 381,667,019 new ordinary voting shares resulting from its rights issue, alongside 80,072,222 non-voting shares. (Colombo/July09/2026)