Investing in Sri Lanka ADRs / Sri Lanka Stocks List

As of the middle of 2014, there are no Sri Lanka ADRs trading on major US stock exchanges like the NYSE or the NASDAQ. That’s unfortunate because since the end of a devastating 26-year civil war in 2009, Sri Lanka has been rebuilding and its economy has been growing – making the Sri Lanka stock market a potentially attractive emerging market or frontier market for foreign investors.

It should be said that Sri Lankans themselves are well educated (a 94% literacy rate) and speak fluent English – qualities that have helped the country to develop and grow a niche outsourcing industry that serves Fortune 500 companies from around the world (Note: Publicly traded Indian BPOs have have set up operations in the country). Sri Lanka also has the highest number of UK-qualified accountants outside of the UK – something that has attracted the attention of financial services firms ranging from insurance companies to investment banks who have set up their portfolio and analytics divisions in the country.

Also helping matters is the fact that Sri Lanka has the most liberalized economy in the notoriously closed South Asian region as foreign investors receive preferential tax rates, constitutional guarantees on investment agreements and exemptions from foreign exchange controls. In addition, 100% repatriation of profits and 100% foreign ownership is allowed in most areas of the Sri Lanka economy.

Aside from Sri Lanka, investors should also check out our other South Asia investing lists, including our South Asia ADR lists (including India ADR and Pakistan ADR lists) and India closed-end fund list as well as our BICK ETF list, BRIC ETF list, China/India ETF list, South Asia ETF list and India ETF list pages.

The Colombo Stock Exchange (CSE)Sri Lanka ADRs

With origins dating back to 1896, the Colombo Stock Exchange (CSE) is the main Sri Lankan stock exchange with 293 listed companies representing 20 business sectors as of the end of 1Q2014.

The most important listed company would be John Keells Holdings Plc, a diversified conglomerate founded in the 1870s with interests in the transportation, leisure, property, consumer foods and retail, financial services, information technology and other sectors. Some of its more well known holdings to foreign tourists or expats might include Ceylon Cold Stores, Cinnamon Hotels & Resorts, Chaaya Hotels and Resorts, Cinnamon Air and Mack Air. The stock accounts for roughly 10% of the Colombo Stock Exchange’s capitalization (as of May 2014) and its the only Sri Lankan stock with a foreign listing (albeit the listing is in Luxembourg).

 

Some Daily Share Trading Statistics for Important Sri Lankan Stocks (May 23rd, 2014)
Company Name Symbol Price Issued Quantity Market Capitalisation Market Cap. (as a % of Total Market Cap.)
JOHN KEELLS HOLDINGS PLC JKH.N0000 234.00 990,371,067 231,746,829,678 9.31
CEYLON TOBACCO COMPANY PLC CTC.N0000 1,061.90 187,323,751 198,919,091,187 7.99
NESTLE LANKA PLC NEST.N0000 1,960.10 53,725,463 105,307,280,026 4.23
COMMERCIAL BANK OF CEYLON PLC COMB.N0000 126.50 807,982,076 102,209,732,614 4.10
SRI LANKA TELECOM PLC SLTL.N0000 48.10 1,804,860,000 86,813,766,000 3.49
DIALOG AXIATA PLC DIAL.N0000 9.80 8,143,778,405 79,809,028,369 3.21
CARSON CUMBERBATCH PLC CARS.N0000 400.00 196,386,914 78,554,765,600 3.15
BUKIT DARAH PLC BUKI.N0000 650.00 102,000,000 66,300,000,000 2.66
DISTILLERIES COMPANY OF SRI LANKA PLC DIST.N0000 207.50 300,000,000 62,250,000,000 2.50
HATTON NATIONAL BANK PLC HNB.N0000 158.00 319,908,120 50,545,482,960 2.03
DFCC BANK DFCC.N0000 156.50 265,097,688 41,487,788,172 1.67
AITKEN SPENCE PLC SPEN.N0000 100.90 405,996,045 40,965,000,940 1.65
LANKA ORIX LEASING COMPANY PLC LOLC.N0000 80.00 475,200,000 38,016,000,000 1.53
LION BREWERY CEYLON PLC LION.N0000 440.00 80,000,000 35,200,000,000 1.41
CHEVRON LUBRICANTS LANKA PLC LLUB.N0000 275.60 120,000,000 33,072,000,000 1.33
NATIONAL DEVELOPMENT BANK PLC NDB.N0000 198.20 164,899,605 32,683,101,711 1.31
CARGILLS (CEYLON) PLC CARG.N0000 145.00 224,000,000 32,480,000,000 1.30
SAMPATH BANK PLC SAMP.N0000 188.30 167,857,265 31,607,523,000 1.27
ASIAN HOTELS & PROPERTIES PLC AHPL.N0000 70.00 442,775,300 30,994,271,000 1.24
AITKEN SPENCE HOTEL HOLDINGS PLC AHUN.N0000 78.00 336,290,010 26,230,620,780 1.05

 

In addition, foreign investors in Sri Lanka stocks should be aware that the All Share Price Index (ASPI) measures the movement of share prices for all listed companies on the Colombo Stock Exchange while the S&P Sri Lanka 20 Index (S&P SL20) follows the performance of 20 leading publicly traded companies plus there are also some 20 sector indices.

Sri Lanka Brokerage Accounts

For Foreign retail investors interested in owning individual Sri Lanka stocks, it would be possible to open a brokerage account with one of the following Sri Lanka brokerage or investment groups who are members of the Colombo Stock Exchange:

 

Bartleet Religare Securities (Pvt) Limited Acuity Stockbrokers (Pvt) Ltd.
Level “G”, “Bartleet House”,
65, Braybrooke Place, Colombo 2.
Tel:+94 11 5 220 200
Fax: +94 11 2 434 985
E-mail: info@bartleetstock.com
Website: www.bartleetreligare.com
Mr. R. Muralidaran
Managing Director
Level 6, Acuity House,
No. 53, Dharmapala Mawatha, Colombo 3.
Tel: +94 11 2 206 206
Fax: +94 11 2 206 298 / 9
E-mail: sales@acuitystockbrokers.com
Website: www.acuity.lk
Mr. P.P.S Fernando
Director / CEO

 

John Keells Stock Brokers (Pvt) Ltd. Asha Phillip Securities Ltd.
186, Vauxhall Street,
Colombo 2.
Tel: +94 11 2 342066-7,
+94 11 2 306250
Fax: +94 11 2 342068
E-mail: jkstock@keells.com
Website: www.jksb.com
Mr. Tivanka Ratnayake
Chief Executive Officer
2nd Floor,
LakshmansBuilding,
No. 321, Galle Road,
Colombo 03.
Tele : +94 11 2 429 100
Fax : +94 11 2 429 199
E-mail: apsl@ashaphillip.net
Website: www.ashaphillip.net
Mr. Dimuthu Abeysekera
Director / CEO

 

Assetline Securities (Pvt) Ltd. Somerville Stockbrokers (Pvt) Ltd.
No.120, 120A, Pannipitiya Road,
Battaramulla.
Tel: +94 11 4 700 111, 2 307 366
Fax: +94 11 4 700 112, 2 307 365
E-mail: colombo.dpglobal@dpmcfs.com
Website: http://www.assetline.lk/stock_brokering.html
Mr. Deepta Ekanayake
Managing Director
137, Vauxhall Street,
Colombo 2.
Tel: +94 11 2 329 201-5, 2 332 827, 2 338 292-3
Fax: +94 11 2 338 291,
E-Mail: ssb-web@sltnet.lk
Ms. Shalini Dias
Director

 

J B Securities (Pvt) Ltd. Lanka Securities (Pvt) Ltd.
150, St. Joseph Street,
Colombo 14.
Tel:+94 11 2 490 900, 077 2 490 900, 077 2 490 901
Fax:+94 11 2 430 070, 2 446 085, 2 447 875
E-mail: jbs@jb.lk
Website: www.jbs.lk
Mr. Murtaza Jafferjee
Chief Executive Officer
228/1, Galle Road,
Colombo 04.
Tel:+94 11 4 706 757, 2 554 942
Fax:+94 11 4 706 767
E-mail: lankasec@sltnet.lk
Website: www.lsl.lk
Mr. Kosala Gamage
Managing Director / CEO

 

Asia Securities (Pvt) Ltd. Nation Lanka Equities (Pvt) Ltd.
Level 21, WestTower, World Trade Centre, Echelon Square, Colombo 1.
Tel:+94 11 2 423 905, 5 320 000
Fax:+94 11 2 336 018
E-mail: enquiry@asiacapital.lk
Website: www.asiasecurities.net
Mr. Sabri Marikar
Chief Executive Officer
44, Guildford Crescent,
Colombo – 07.
Tel:+94 11 4 889 061-3, +94 11 2 684 483
Fax:+94 11 2 688 899
E-mail: info@nlequities.com
Website: www.nlequities.com
Mr. Janaka Palapathwala
Director / General Manager

 

Capital Trust Securities (Pvt) Ltd. S C Securities (Pvt) Ltd.
42, Mohamed Macan Markar Mawatha,
Colombo 3.
Tel:+94 11 2 174 174, +94 11 2 174 175
Fax:+94 11 2 174 173
E-mail: inquiries@capitaltrust.lk
Website: www.capitaltrust.lk
Mr. Tushan Wickramasinghe
Managing Director
2nd Floor, 55 D.R. Wijewardena Mawatha,
Colombo 10.
Tel:+94 11 4 711 000 / +94 11 47 11 001
Fax:+94 11 2 394 405
E-mail: ceo@sampathsecurities.lk
Website: www.sampathsecurities.lk
Mr. Harsha Fernando
Director / Chief Executive Officer

 

CT Smith Stockbrokers (Pvt) Ltd. First Capital Equities (Pvt) Limited.
CT Smith Stockbrokers (Pvt) Ltd.
4-14, MajesticCity, 10, Station Road, Colombo 4.
Tel. +94 11 2 552 290 – 4
Fax: +94 11 2 552 289
E-mail: ctssales@sltnet.lk
Website: www.ctsmith.lk
Mr. Rohan Fernando
Managing Director
No.01, Level 02, Lake Crescent, Colombo 02.
Tel:+94 11 2 145 000
Fax:+94 11 5 736 264
E-mail: inquiries@firstcapital.lk
Website: www.firstcapital.lk
Mr. Jaliya Wijeratne
Chief Executive Officer

 

NDB Securities (Private) Limited.  
5th Floor, NDBBuilding, 40, Navam Mawatha,
Colombo 2.
Tel:+94 11 2 314 170 to 2 314 178
Fax:+94 11 2 314 180
E-mail: mail@ndbs.lk
Website: www.ndbs.lk
Mrs. Prasansini Mendis
Chief Executive Officer

 

The following Sri Lanka brokerages are trading members of the Colombo Stock Exchange:

 

Capital Alliance Securities (Pvt) Ltd. SMB Securities (Pvt) Ltd.
Level 5, “Millennium House”, 46/58 Navam Mawatha,
Colombo 2.
Tel:+94 11 2 317 777
Fax:+94 11 2 3177 88
E-mail: general@capitalalliance.lk
Website: www.capitalalliance.lk
Mr.Harinlal Aturupane
Managing Director / CEO
No. 47, Dharmapala Mawatha,
Colombo 3.
+94 11 4 388 138
Fax: +94 2 339 292
E-mail: admin@smbsecurities.lk
Website: www.smbsecurities.lk
Mr. C.N. Priyankara
Acting Chief Executive Officer

 

First Guardian Equities (Pvt) Ltd. Taprobane Securities (Pvt) Ltd.
32nd Floor, EastTower, World Trade Centre, Echelon Square,
Colombo 1.
Tel: +94 11 5 884 400 (Hunting)
Fax: +94 11 5 884 401
E-mail: info@firstguardianequities.com
Website: www.firstguardianequities.com
Mr. Rohan Goonewardene
Managing Director / CEO
2nd Floor,
No. 10, Gothami Road,
Colombo 08.
Tel: +94 11 5 328 200
Fax: +94 11 5 328 277
E-mail: info@taprobane.lk
Website: www.taprobanestocks.com
Mr. Niranjan Niles
Acting Chief Executive Officer

 

Candor Equities Ltd. Serendib Stock Brokers (Pvt) Ltd.
Level 8, South Wing,
Millennium House,
46/58 Nawam Mawatha,
Colombo 02.
Tel: +94 11 2 359 100
Fax: +94 11 2 305 522
E-mail: info.cel@candorh.com
Website: www.candor-holdings.com
Mr. Ravi Abeysuriya
Director / CEO
No. 156, 3rd Floor, Walukarama Road,
Colombo – 03.
Tele : +94 11 2 565 635
Fax : +94 11 2 565 604
E-mail: info@serendibsb.com
Website: www.serendibsb.com
Mr. Naushervan Beg
Chief Executive Officer

 

EnterpriseCeylon Capital (Pvt) Limited. TKS Securities (Pvt) Ltd.
27th Floor, EastTower,
World Trade Centre, Echelon Square,
Colombo 1
Tel: +94 11 2 333 000
Fax: +94 11 2 333 383
E-mail: info.ceylon@iiflcap.com
Mr. Dhushyanth Wijayasinghe
Chief Executive Officer
19-01, EastTower,
World Trade Centre,Echelon Square
Colombo 1.
Tel: +94 11 7 857 799
Fax: +94 11 7 857 857
E-mail: info@tks.lk
Website: www.tks.lk
Mr. Ralph Wijesinghe
Acting Chief Executive Officer

 

Richard Pieris Securities (Pvt) Ltd. Claridge Stockbrokers (Pvt) Ltd.
No. 55/20, Vauxhall Lane, Colombo 02.
Tel: +94 11 7 448 900 , +94 11 5 900 800
Fax: +94 11 2 330 711
Email: dilruk@rpsecurities.com
Mr. Dilruk A. Fernando
Acting Chief Executive Officer
No.10 Gnanartha Pradeepa Mawatha,
Colombo 8.
Tel: +94 11 2 697 974
Fax: +94 11 2 689 250
E-mail: csb@mackwoods.com
Mr. P .N. A. Epa
Chief Executive Officer

 

Navara Securities (Pvt) Ltd Softlogic Stockbrokers (Pvt) Ltd
2nd Floor, 45/2, Braybrooke Street,
Colombo 2.
Tel: +94 11 2 358 700 / 20
Fax: +94 11 2 358 701
Website: www.nws.lk
Mr. Nadun Jayathilake
Chief Executive Officer
No.06, 37th Lane,
Queens Road,
Colombo 03.
Tel: +94 11 7 277 000
Fax: +94 11 7 277 099
Email: info@equity.softlogic.lk
Website: www.softlogicequity.lk
Mr. Dihan Dedigama
Chief Executive Officer

 

LOLC Securities Limited
Level 18, WestTower,
World Trade Centre,
Echelon Square
Colombo 1.
Tel: +94 11 7 880 880
Fax: +94 11 2 434 771
Mr. Sriyan Gurusinghe
CEO / Managing Director

 

In addition, the following Sri Lanka brokerages offer online stock trading:

 

Acuity Stockbrokers (Pvt) Ltd. http://www.acuity.lk
Asha Phillip Securities Ltd. http://www.ashaphillip.net
Asia Securities (Pvt) Ltd. http://www.asiacapital.lk
Bartleet Religare Securities (Pvt) Limited http://www.bartleetstock.com
Capital Alliance Securities (Pvt) Ltd. http://www.capitalalliance.lk
CT Smith Stockbrokers (Pvt) Ltd. http://www.ctsmith.lk
Assetline Securities (Pvt) Ltd. http://www.assetline.lk/stock_brokering.html
First Guardian Equities (Pvt) Ltd. http://www.firstguardianequities.com
Serendib Stock Brokers (Pvt) Ltd. http://online.serendibsb.com
J B Securities (Pvt) Ltd. http://www.jbs.lk
John Keells Stock Brokers (Pvt) Ltd. http://www.jksbonline.com
Capital Trust Securities (Pvt) Ltd. http://www.capitaltrust.lk
Lanka Securities (Pvt) Ltd. http://www.lsl.lk
S C Securities (Pvt) Ltd. https://itrade.sampathsecurities.lk/atsweb
SMB Securities (Pvt) Ltd. http://www.smbsecurities.lk
NDB Securities (Private) Limited. http://online.ndbs.lk
First Capital Equities (Pvt) Limited. http://www.dnhfinancial.com
Taprobane Securities (Pvt) Ltd. http://220.247.227.52/atsweb
Navara Securities (Pvt) Ltd http://www.nws.lk
TKS Securities (Pvt) Ltd. http://www.tks.lk
Candor Equities Ltd. http://www.heraymila.com
Enterprise Ceylon Capital (Pvt) Limited. http://222.165.190.39/atsweb
Nation Lanka Equities (Pvt) Ltd. http://www.nlequities.com

More Sri Lanka Investment Resources

The following are some important English language Sri Lanka newspapers or magazines:

A complete list of Sri Lanka newspapers can be found on Wikipedia here.

In addition and for a VERY GOOD discussion about how a foreigner can open a brokerage account in Sri Lanka along with other important considerations for foreign retail investors, see Sri Lanka’s Brokerages: Investing In The Colombo Stock Exchange on Jon Springer’s Seeking Alpha Instablog account. Jon had met with some of the CEOs of important Sri Lanka brokerage firms and his article gives a good overview about how these firms operate.

Is this page up to date accurate? If not, please contact us or submit an update to this page in the comments section.

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