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Colombo Stock Exchange activity and foreign outflows

Updated 7 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-07 03:18 UTC → 2026-10-08 01:11 UTC · added removed

The Colombo Stock Exchange has faced a period of volatility characterized by heavy foreign divestment and shifting market drivers. Following a period of declining turnover and significant net foreign outflows in August and early September 2026, the market saw a surge in activity on September 23 after Fitch Ratings upgraded Sri Lanka’s sovereign credit rating from CCC+ to B-. During this session, the All Share Price Index (ASPI) rose 75 points to 21,054.01, with turnover reaching LKR 1.4 billion and the Capital Goods sector leading turnover at 25%. billion. However, foreign investors remained net sellers, with an outflow of LKR 62.1 million. Between September 22 and October 2, foreign outflows from equities totaled approximately LKR 693 million. Foreign holdings in government securities also declined, falling to LKR 196.9 billion on September 24, a 4.45 percent decrease from the previous week. Despite these continued outflows, the market recently broke a six-session losing streak, supported by bargain hunting in the consumer goods and property sectors. Broader economic data indicates that while Recent market activity shows continued instability, with the ASPI experiencing a slight decline of 0.08 percent. This volatility was driven largely by selling pressure in the energy sector, which acted as a primary drag on broader indices. While certain stocks like Citizens Development Business Finance and Overseas Realty (Ceylon) saw gains, others such as Sri Lanka’s economy has returned to pre-crisis levels—with Lanka Telecom and Hatton National Bank declined. In the real GDP increasing 4.7% estate sector, Central Bank of Sri Lanka data reveals a 6.7 percent year-on-year decline in condominium sales during the first half second quarter of 2026—the recovery remains uneven. The World Bank projects 4.4% GDP growth 2026. Conversely, the Price Index for new condominiums in the full year, driven Colombo District rose by industry 3.2 percent, while land and services, but notes that household incomes house prices increased by 15.2 percent and labor market outcomes continue to lag. Although the poverty rate is estimated to have peaked at 20.7% in 2023, poverty is projected 9.0 percent, respectively. Additionally, TAL Lanka Hotels has announced an Extraordinary General Meeting for October 29 to remain above 2019 levels through at least 2028. In the financial sector, recent equity outflows are considered mild compared seek approval for a 1.87 billion rupee rights issue to the year-to-date average. fund loan repayments and hotel refurbishments.

Versions

  1. 2026-10-08 01:11 UTC Colombo Stock Exchange activity and foreign outflows
  2. 2026-10-07 03:18 UTC Colombo Stock Exchange activity and foreign outflows
  3. 2026-10-06 00:45 UTC Colombo Stock Exchange activity and foreign outflows
  4. 2026-09-11 09:56 UTC Colombo Stock Exchange market activity
  5. 2026-09-10 04:36 UTC Colombo Stock Exchange market activity
  6. 2026-09-04 02:53 UTC Colombo Stock Exchange market activity
  7. 2026-08-28 10:22 UTC Colombo Stock Exchange market activity
  8. 2026-08-24 06:32 UTC Colombo Stock Exchange market activity

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