Business
Share market gains for fifth consecutive day; profit-takings in some counters

By Hiran H.Senewiratne
Investors gradually grew in optimism, helping the stock market to gain for the fifth consecutive day yesterday but witnessed profit- takings in some counters, market analysts said.
The All- Share Price Index went down by 28.97 points while S and P SL20 declined by 1.53 points. Turnover stood at Rs 539 million with two crossings. Those crossings were reported in Renuka Holdings, which crossed 1.7 million shares to the tune of Rs 32.3 million; its shares traded at Rs 13 and Melstacope 250,000 shares crossed to the tune of Rs 20.7 million; its shares traded at Rs 81.
In the retail market, companies that mainly contributed to the turnover were; Access Engineering Rs 81.6 million (3.7 million shares traded), Chevron Lubricants Rs 23.1 million (191,000 shares traded), Sampath Bank Rs 21.6 million (280,000 shares traded), Kelani Cables Rs 21 million (276,000 shares traded), JKH Rs 20.9 million (116,000 shares traded) and ACL Cables Rs 15.7 million (183,000 shares traded). During the day 25.5 million share volumes changed hands in 6800 transactions.
High net worth and institutional investor participation was noted in Melstacorp, Access Engineering and Ceylon Tobacco Company. Mixed interest was observed in Hatton National Bank, Lanka Milk Foods and Hayleys Fabric, while retail interest was noted in Browns Investments, LOLC Finance and Waskaduwa Beach Resort.
The Food, Beverage and Tobacco sector was the top contributor to the market turnover (due to Melstacorp and Lanka Milk Foods), while the sector index gained 0.51%. The share price of Melstacorp increased by 90 cents to reach Rs. 81.10. The share price of Lanka Milk Foods moved up by Rs. 1.30 to reach Rs. 27.50.
The Banking sector was the second highest contributor to the market turnover (due to HNB), while the sector index increased by 1.58 percent. The share price of HNB gained Rs. 2 to reach Rs. 182.
Hayleys Fabric and Access Engineering were also included among the top turnover contributors. The share price of Hayleys Fabric recorded a gain of 60 cents to reach Rs. 49.60. The share price of Access Engineering closed flat at Rs. 22.
It is said that high net worth and institutional investor participation was noted in Melstacorp, Access Engineering and CTC. Mixed interest was observed in HNB, LMF and Hayleys Fabric, while retail interest was noted in Browns Investments, LOLC Finance and Waskaduwa Beach Resort.
The Food, Beverage and Tobacco sector was the top contributor to the market turnover (due to Melstacorp and Lanka Milk Foods) while the sector index gained. The share price of Melstacorp increased by 90 cents to reach Rs. 81.10. The share price of LMF moved up.
The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank), while the sector index increased.
Yesterday the rupee opened stronger at Rs 298.50/60 to the US dollar, dealers said. Bond yields were slightly down, they said, and stocks opened up 0.10 percent.
The rupee closed at Rs 298.95/299.05 to the greenback on the previous day. In the secondary market, Treasury bond yields were down, dealers said. A bond maturing on 15.12.2026 was quoted at 11.10/20 percent, up from 11.05/20 percent. A bond maturing on 15.12.2028 was quoted at 12.85/95 percent, down from 12.95/13.05 percent. A bond maturing on 15.06.2029 was quoted at 12.95/13.00 percent, down from 13.00/10 percent.
Business
Ceylon Tea conquers Libya: Exports leap 416%

In a world where every strong cuppa tells a unique story, Sri Lanka’s famed Ceylon Tea continues to carve its legacy – one cup at a time. The latest tea export figures for March 2025 reveal a tale of resilience, with total shipments rising to 23.43 million kilograms, up from 21.25 million kgs the previous year.
But the real headline is; Libya’s staggering 416% surge in Ceylon Tea imports – marking a bold new chapter in Sri Lanka’s tea trade. While traditional markets like Iraq and Russia held steady, Libya emerged as the ‘breakout star’, importing 5.31 million kgs in the first quarter of 2025 – a jaw-dropping leap from just 1.03 million kgs in 2024.
This explosive growth signals a burgeoning demand for Sri Lanka’s premium leaves in North Africa, where the rich, aromatic flavors of Ceylon Tea are winning hearts and palates.
Quadrupling Libya’s appetite for Ceylon Tea even in challenging global markets, is reflecting the fact that Sri Lanka’s tea can find loyal fans in evolving markets.
However, while the export values shine in USD terms, the rupee value of tea exports dipped slightly – a stark reminder of currency fluctuations impacting export earnings. Yet, the broader trend remains positive for Ceylon Tea, with cumulative exports for Q1 2025 reaching 63.21 million kgs, up from 62.33 million kgs last year.
Key markets like Iraq (+7%) and Chile (+41%) showed strong growth, while Russia and the UAE saw mild declines. Meanwhile, Tea Bags and Instant Tea have posted gains even in rupee terms – marking a bright spot in an otherwise mixed landscape, where Tea in Bulk and Green Tea segments have witnessed a decline against the same period of the previous year.
On the production front, tea production for the month of March 2025 totalled 24.43 M/Kgs, showing an increase of 4.86 M/Kgs vis-à-vis 19.57 M/Kgs of March 2024. All elevations showed an increase in comparison with the corresponding month of 2024.
“As Sri Lanka’s tea industry navigates global headwinds, the increase in production and Libya’s soaring demand could offer a breather,” analysts said.
(Source: Forbes & Walker Pvt Ltd, Sri Lanka Customs, Central Bank of Sri Lanka)
By Sanath Nanayakkare
Photo Credit: Sri Lanka Executive Aviation Services
Business
Fits Retail and Abans unveil exclusive DeLonghi Premium Coffee experience

In a groundbreaking collaboration set to transform Sri Lanka’s premium coffee landscape, Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.
This exclusive partnership presents a rare opportunity for coffee aficionados to experience firsthand why DeLonghi has become synonymous with coffee perfection worldwide.
With a heritage spanning over 100 years, DeLonghi proudly holds the title as the number one coffee machine brand in more than 46 countries, celebrated globally for its exceptional quality, innovation, and unrivaled Italian craftsmanship. Fits Retail’s collaboration with Abans PLC brings these legendary machines directly to Sri Lankan coffee enthusiasts, creating immersive experience zones designed to elevate everyday coffee moments into extraordinary rituals.
At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide.
Business
Ceyline Group and Lion Brewery Forge a Sustainable Future with Eco-Friendly Warehousing and Distribution.

Ceyline Total Solutions, the end-to-end logistic solutions provider of Sri Lanka’s leading maritime and logistics group Ceyline, has built Lion Brewery’s first sustainability-focused warehousing and distribution center in just 100 days.
Located in Tangalle, the facility reflects a strong commitment to environmental responsibility. Half of the structure is made from repurposed shipping containers, reducing both waste and carbon emissions. The project, executed by Ceyline’s brand for sustainable living spaces “Out of the Box” features interior fittings made from recycled and reused brewery waste materials, maximizing sustainability and cost efficiency. Ceyline also has already applied for CEB approval to install solar power for the facility to ensure its operation is powered by clean and green energy.
Lion Brewery will further its mission for an efficient and eco-friendly supply chain by incorporating elements such as electric forklifts, rainwater harvesting, and energy-efficient lighting.
This collaboration not only delivers a pioneering green logistics facility but also sets a new benchmark for sustainable warehousing in Sri Lanka. It showcases the power of collaborative innovation in driving responsible industrial development.
Kaveen Gayathma, Senior Vice President (Outbound Logistics) of Lion Brewery, added, “This project further strengthens our distinctive ‘route-to-market’ approach. Our collective efforts in conceptualizing,
drafting, and crafting have culminated in the creation of a truly one-of-a-kind model. The company’s unwavering commitment to environmental stewardship and sustainability is clearly demonstrated here, all while achieving our strategic objectives in a practical and cost-effective manner.”
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