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ASPI at an all-time high; turnover exceeds Rs. 8 billion

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By Hiran H.Senewiratne

Stock market activities yesterday were at an all- time high with regard to the All Share Price Index in particular. Banking sectors drove the market, anticipating positive quarterly results and high dividend payments for shareholders, stock market analysts said.

The All Share Price Index went up by 224 points, while S and P SL20 rose by 94.7 points. Turnover stood at Rs 8.31 billion with fifteen crossings.

Those crossings were as follows: Commercial Bank, crossed 3.5 million shares to the tune of Rs 525 million and its shares traded at Rs 146.50, JKH 2.8 million shares crossed for Rs 66.1 million; its shares traded at Rs 23.70, CIC Holdings 490,000 shares crossed to the tune of Rs 62.4 million; its shares traded at Rs 107, Sampath Bank 440,000 shares crossed to the tune of Rs 63.3 million; its shares traded at Rs 119, HNB 158,000 shares crossed for Rs 49.9 million; its shares traded at Rs 333.

HDFC Bank 1 million shares crossed to the tune of Rs 47.1 million; its shares traded at Rs 47, NTB 220,000 shares crossed to the tune of Rs 40.9 million; its shares sold at Rs 186, Dialog 3 million shares crossed for Rs 40.5 million; its shares traded at Rs 13.50, CIC (Non- Voting) 100,000 shares crossed to the tune of Rs 38.2 million; its shares traded at Rs 76.50, Renuka Foods 2 million shares crossed to the tune of Rs 28.2 million; its shares sold at Rs 40, ACL Cables 200,000 shares crossed to the tune of Rs 35.5 million; its shares traded at Rs 129.25, Seylan Bank 400,000 shares crossed for Rs 23.6 million; its shares sold at Rs 59.20, Sanasa Development Bank 500,000 shares crossed to the tune of Rs 21.5 million; its shares traded at Rs 43 and DFCC Bank 160,000 shares crossed to the tune of Rs 20.8 million; its shares traded at Rs 130.

In the retail market top six companies that mainly contributed to the turnover were; HNB Rs 601 million (1.8 million shares traded), DFCC Rs 494 million (3.8 million shares traded), NDB Rs 401 million (3.3 million shares traded), Sampath Bank Rs 301 million (2.5 million shares traded), HDFC Bank Rs 255 million (4.9 million shares traded) and CIC Holdings Rs 216 million (2 million shares traded). During the day 241 million share volumes changed hands in 43000 transactions.

It is said that banking sector fully dominated the market, especially HNB and Commercial Bank, while the manufacturing sector was the second highest contributors to the market.

Yesterday the rupee was quoted at Rs 297.20/50 to the US dollar in the spot market, weaker from 296.90/297.10 to the US dollar the previous day, while bond yields were flat, dealers said.

Stocks were up 0.33 percent. A bond maturing on 15.12.2026 was quoted stable at 9.20/30 percent. A bond maturing on 15.02.2028 was quoted at 10.12/15 percent, up from 10.10/15 percent. A bond maturing on 15.03.2028 was quoted at 10.15/17 percent, down from 10.15/20 percent. A bond maturing on 01.05.2028 was quoted at 10.28/32 percent, up from 9.65/75 percent. A bond maturing on 01.07.2028 was quoted at 10.30/40 percent, down from 10.32/40 percent. A bond maturing on 15.10.2028 was quoted at 10.35/45 percent. A bond maturing on 15.09.2029 was quoted at 10.75/85 percent, up from 10.75/83 percent. A bond maturing on 15.10.2030 was quoted at 11.28/32 percent, from 11.25/33 percent.



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Labour shortages are pushing Plantation Companies towards machines, data and a different kind of worker

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Sri Lanka’s plantation sector is entering a new phase of transformation, as technology and innovation reshape how estates operate, manage resources and sustain productivity. Across the country’s tea estates and other plantations, machines are increasingly complementing skilled workers in tasks once done almost entirely by hand, while software and data bring new precision to decisions traditionally guided by experience.

Automated harvesters, pruning machines and drones are being deployed alongside GIS mapping, digital weighing systems and enterprise software. Though the technologies vary, they point to a common shift: plantations are finding smarter ways to meet rising demands with a changing workforce.

Mechanisation, however, is not without challenges. Sloping terrain, fragmented fields and crop variability limit where machinery can be effectively deployed. Still, as operating costs rise and labour availability tightens, the ability to combine human expertise with technology is becoming essential to sustaining productivity, competitiveness and the long-term viability of the industry.

Addressing the labour shortage

Sri Lanka’s plantation companies face a labour market that has changed from the one on which the industry was built. Migration, demographic changes and attraction from other sectors have made it increasingly difficult to retain workers for plantation work.

That is why mechanization is spreading beyond the most obvious applications. At Bogawantalawa Tea Estates PLC, machinery is being used for land preparation, pruning, weeding, harvesting, and agrochemical application. Selective machine harvesting and mechanical pruning have been introduced in tea, while mechanized and semi-mechanized methods are being extended to other crops.

Agarapatana Plantations PLC has taken a similar approach. Fuel-powered and battery-operated harvesters are being used in the field, while backhoes assist with uprooting and levelling new clearings. Drones are being deployed for foliar spraying. In factories, automation and energy efficient machineries are being introduced where production volumes justify the investment.

The changing face of plantation technology

Beyond mechanisation, plantations are steadily evolving into data-driven businesses, with RPC’s increasingly adopting technologies that are reshaping day-to-day operations. Agarapatana Plantations is rolling out automated green-leaf weighing systems with facial recognition and planning fertigation-based irrigation. Ten factories already operate on solar power, with six of them being carbon neutral.

Likewise, Elpitiya Plantations PLC has introduced Ballotronix tea-leaf readers to assess leaf composition, supported by iHarvest and Microsoft Dynamics 365 Business Central, giving managers real-time visibility across thousands of hectares.

Talawakelle Tea Estates PLC has similarly pursued transformation since 1992, introducing hot-water boilers across all factories from 2008, electronic weighing with real time data collection since 2015, as well as tablets, computers and a new payroll system for employees. Rooftop solar along with three in-house hydro power plants located in Palmerston, Radella and Somerset estates provide renewable energy. State of the art, modern colour separators have been provided to its Low Grown factories. Since 2025, drones are been used for chemical/ foliar spraying. These developments highlight how the plantation sector has steadily embraced technology for greater efficiency and sustainability.

The technological shift does not stop at the edge of the field as factories are becoming increasingly automated, giving special emphasis to energy efficient equipment. At Elpitiya, more than 80% of their factories are mechanized with state of the art machineries, with the intention to raise both capacity and efficiency.

On the other hand, Malwatte Valley Plantations PLC illustrates another possibility. After expanding its cinnamon cultivation, the company encountered a shortage of skilled peelers. Its engineers responded by developing and patenting cinnamon-peeling machinery.

That is more than a labour-saving exercise. It shows how a constraint can encourage technological innovation- and potentially allow an industry to expand beyond the limits imposed by the supply of specialised labour.

The company is also investing in automated factory systems and machinery for “matcha” production. Technology, in this case, is being used not merely to reduce costs but to strengthen value addition to products.

Machines will not make workers obsolete

Workers are being trained to use harvesters, pruning equipment and spraying machinery, while new roles are emerging around upkeep, data collection and digital reporting.

Horana Plantations PLC, for instance, has introduced machine plucking to address labour shortages. The company reports improvement in yields, consistency and labour productivity, while technology-driven harvesting has also been used to make plantation work more attractive to younger workers.

“Technology has become a prerequisite requirement for the plantation sector as we deal with labour shortages and the need to improve productivity,” Secretary General of the Planters’ Association of Ceylon, Lalith Obeyesekere stated. He noted that priority should be given to technologies suited to Sri Lankan conditions, supported by training and enabling workers to use them effectively. “That is a more useful way of thinking about mechanisation than simply counting the jobs a machine might replace”, Obeyesekere went on to note. He is confident that these changes will raise the productivity and profitability in the sector.

The next harvest

The direction of travel is becoming clearer. Precision agriculture, digital crop forecasting, automated weather monitoring, smart irrigation, digital traceability and further mechanisation are likely to become more common.

That does not mean the end of the plantation worker, nor the disappearance of generations of agricultural knowledge. It means that both will increasingly operate alongside technology.

For an industry whose competitiveness has long depended on its ability to extract value from land and labour, the new imperative is simpler: create more avenues, waste less and make each worker- and each hectare- more productive.

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Bourse seen to be stabilizing in the wake of buying pressure

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By Hiran H. Senewiratne

The CSE yesterday continued to bounce back amid a gradual increase of buying pressure among local and foreign investors.Investors see the market as gradually stabilising, market analysts said.

The All Share Price Index went up by 227.05 points, while the S and P SL20 rose by 48.74 points.

Turnover stood at Rs 1.14 billion with four crossings. Those crossings were; CIC Holdings 1.8 million shares crossed for Rs 47 million; its shares traded at Rs 26, Seylan Bank 400,000 shares crossed for Rs 35 million; its shares sold at Rs 86.50,Distilleries 450,000 shares crossed to the tune of Rs 21 million; its shares sold at Rs 51 and People’s Leasing and Finance 1.2 million shares crossed for Rs 20 million; its shares traded at Rs 17.

In the retail market companies that mainly contributed to the turnover were: CIC Holdings ((Non-Voting) Rs 127 million (5.8 million shares traded ), Commercial Bank Rs 113 million (58,000 shares traded), Hayleys Rs 28 million (127,000 shares traded), RIL Properties Rs 27 million (1.3 million shares traded), Prime Lands Residencies Rs 25 million (735,000 shares traded), Digital Mobility Solutions Rs 24 million (155,000 shares traded) and Sierra Cables Rs 23 million (709,000 shares traded). During the day 68 million shares volumes changed hands in 15619 transactions.

It is said that CIC Holdings led the market both in crossings and retail market trading. Further, banking sector counters, especially Seylan Bank and Commercial Bank, performed well. Sierra Cables also impressed.

Sri Lanka energy firm, Vidullanka, received a Letter of Acceptance for a 1.35 million US dollar mini hydro Engineering, Procurement, and Construction (EPC) contract in Fiji, a market sources said.

The contract was awarded by the Department of Energy under Fiji’s Ministry of Public Works, Meteorological Services and Transport.

Yesterday the rupee was quoted flat at Rs 331.15/25 to the US dollar in the spot market while bond yields were steady, dealers said.

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Ambewela celebrates double victory at Global Business Excellence Awards 2026

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Ambewela, Sri Lanka’s leading premium fresh milk brand, has secured two prestigious recognitions at the Global Business Excellence Awards 2026, being named Most Iconic Brand and Best Dairy Brand.

The dual recognition marks a proud milestone for Ambewela, celebrating both its excellence within the dairy category and the enduring trust it has earned among Sri Lankan consumers over the past 2 decades.

The awards were presented on 6 October 2026 at the BMICH Exhibition Centre Main Hall in Colombo 07. Organized by London Business Consultancy, United Kingdom, the Global Business Excellence Awards recognise achievements and excellence across industries. The programme received institutional recognition from DEC under the Ministry of Industry, Sri Lanka, with business focused research and academic review by the SITC Campus Business Faculty.

Being named Best Dairy Brand recognises Ambewela’s strength and excellence within the dairy category, while Most Iconic Brand reflects the lasting connection the brand has established with Sri Lankan consumers.

Ambewela dairy products is a household name synonymous with freshness and quality. Originating from Sri Lanka’s lushest highland pastures, each Ambewela product is the result of a meticulous process that ensures the highest quality dairy delights, from farm to family. The product range, which includes fresh milk, cheese, and yoghurt, consistently offers superior value and quality, making it one of Sri Lanka’s most beloved brands.

As a leading premium fresh milk brand, Ambewela continues to focus on freshness and quality while championing the value of locally produced dairy. Its journey is closely linked to the development of Sri Lanka’s dairy industry and its contribution to strengthening appreciation for the local dairy sector.

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