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Macroeconomic indicators positively impact CSE

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By Hiran H.Senewiratne

CSE trading indicated some positive sentiment throughout yesterday with macroeconomic indicators having an impact, including the inflation level declining, as per the Census and Statistics Department, and the appreciation of the rupee as against the US dollar, stock market analysts said.

A late rally on banking sector stock on the previous day propelled the Colombo bourse to positive territory with improved turnover. Therefore, the turnover level and investor participation improved, analysts said.

Until the last 20 minutes of trading the CSE was continuing on a negative trend experienced in the past three sessions. A sudden spike in interest in the banking sector made the CSE come alive. Amid those developments both indices moved upwards. The All- Share Price Index went up by 119 points and S and P SL20 rose by 8.03 points.

Turnover stood at Rs 940 million with three crossings. Those crossings were reported in Piramal Glass, which crossed 2.8 million shares to the tune of Rs 57.2 million, its shares traded at Rs 20.30, Lanka IOC 200,000 shares crossed to the tune of Rs 26 million, its shares traded at Rs 130 and Windforce 1.5 million shares crossed to the tune of Rs 25 million; its shares fetched Rs 16.70.

In the retail market top seven companies that mainly contributed to the turnover were; HNB Rs 151 million (1.2 million shares traded), Lanka IOC Rs 140.6 million (one million shares traded), Expolanka Holdings Rs 76.8 million (548,000 shares traded), Ceylon Cold Stores Rs 50.9 million (1.3 million shares traded), Access Engineering Rs 27.9 million (1.9 million shares traded), Piramal Glass Rs 22 million (1.1 million shares traded) and Browns Investments Rs 21.7 million (4.2 million shares traded). During the day 42.7 million share volumes changed hands in 10000 transactions.

It is said high net worth and institutional investor participation was noted in HNB, Standard Capital and Windforce. Mixed interest was observed in Aitken Spence Hotel Holdings, Lanka IOC and Expolanka Holdings, while retail interest was noted in Industrial Asphalts, Browns Investments and SMB Leasing nonvoting.

The Banking sector was the top contributor to the market turnover (due to HNB), while the sector index gained 1.85 per cent. The share price of HNB increased by Rs. 2 to Rs. 120.

The Food, Beverage and Tobacco sector was the second highest contributor to the market turnover, while the sector index increased by 0.41 per cent.

The rupee opened at Rs 304.10/30 against the US dollar in the spot market yesterday, dealers said, while bond yields were unchanged.

The Sri Lanka rupee closed at Rs 304.30/90 against the US dollar in the spot market on Tuesday, stronger from Rs 306.30/50 a day earlier.

A bond maturing on 01.09.2027 was quoted at 26.80/27.00 per cent unchanged from Tuesday’s close. A bond maturing on 01.05.2025 was quoted closed at 29.00/30.00 per cent, down from 29.25/30.00 per cent at last close.



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From Mt. Fuji to Sri Pada: Lessons from a father-son climb

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by SK Samaranayake

For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.

Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.

“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.

Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.

The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.

Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.

“Reaching the top was an achievement. Returning safely was success,” Gunasena said.

The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.

Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.

He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.

For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.

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FLIR, Marlbo promote smarter industrial maintenance

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Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.

The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.

Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.

FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.

Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.

The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.

Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.

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Lumbini Tea Valley wins intl award for Singharaja Wirytips

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Chaminda Jayawardana receiving the award

Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.

The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.

Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.

Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.

Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.

The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.

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