Business
Crossings account for over 59 per cent of CSE turnover
By Hiran H.Senewiratne
The CSE lost momentum as it closed on a marginally positive note, while turnover stood at Rs. 1.6 billion and was dominated crossings. The latter accounted for more than 59 percent of the turnover, stock market analysts said.
During the day the market did not fluctuate much, settling in the 7065 and 2870 range at the end of the day’s trading. In a continuing setback, the year-to-date (YTD) net foreign outflow crossed the Rs. 16 billion mark on Thursday with net selling of Rs. 94 million, though lower compared to Rs. 327 million on Wednesday.
Both indices moved upwards. All Share Price Index moved up by 2.94 points and S and P SL20 was also up by 16.53 points. Fifteen crossings took place.
Those crossings were as follows: Hayleys 2.3 million shares crossed for Rs. 136.5 million, its shares traded at Rs. 60, Royal Ceramic 519 million shares crossed for Rs. 135 million, share price Rs. 210, DIMO 145,000 shares crossed for Rs.86.8 million, share price Rs. 600, CIC 1.4 million shares crossed for Rs. 73 million, share price Rs. 52, LOLC 231,000 shares crossed for Rs. 69.1 million, share price Rs. 300, HNB Assurance 1.1 million shares crossed for 64.8 million, share price Rs 58, HNB (Non Voting) 600,000 shares crossed for Rs. 60 million, share price Rs. 100, Sampath Bank 1.05 million shares crossed for Rs. 59.9 million, share price Rs. 47, Dipped Products 1,000,000 shares crossed for Rs. 48.03 million, share price Rs. 47, Tokyo (Non Voting) 640,000 shares crossed for Rs. 48 million, share price Rs. 60, JKH 287,0000 shares crossed for Rs. 43 million, share price Rs. 150, Chevron Lubricants 425,000 shares crossed for Rs. 37.4 million, share price Rs. 88, LB Finance 640,000 shares crossed for Rs. 32 million, share price Rs. 50, Overseas Realty 2,000,000 shares crossed for Rs. 31.1 million, share price Rs. 16 and Tokyo (Voting) 400,000 shares crossed for Rs. 28 million, share price Rs. 70.
Top five companies that mainly contributed to the turnover were, Browns Investments Rs. 131.5 million (24.3 million shares traded), HNB (Non Voting) Rs. 77.1 million (771,000 shares traded), Sampath Bank Rs. 63.5 million (1.1 million shares traded), Hayleys Rs. 49.7 million (852,000 shares traded) and Expolanka Rs. 37 million (831,000 shares traded). During the day 66 million share volumes changed hands in 9642 transactions. Out of 15 crossings, majority were subsidiaries of Janashakthi Insurance, which accounted for Rs. 933 million of the turnover.
Sri Lanka’s rupee quoted steady at 199.50/200 to the one week US dollar on Friday, while yields remained unchanged in a dull market, dealers said. The rupee last closed in the one-week forward market at 199.50/200.50 to the US dollar on Thursday.
Business
From Mt. Fuji to Sri Pada: Lessons from a father-son climb
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.
Business
FLIR, Marlbo promote smarter industrial maintenance
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.
Business
Lumbini Tea Valley wins intl award for Singharaja Wirytips
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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