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Notable price appreciations of Palm oil-linked stocks

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By Hiran H.Senewiratne

In the course of CSE trading yesterday, palm oil- related stocks, especially those of Watawala Plantations and Agalawatta plantations, recorded notable price appreciations, market analysts said.

Consequently, both indices moved upwards. The All- Share Price Index went up by 52.74 points while S and P SL20 rose by 11.69 points.

Turnover stood at Rs 1.4 billion with four crossings. Those crossings were reported in Hela Apparel, which crossed 5 million shares to the tune of Rs 26.5 million; its shares traded at Rs 5.30, HNB 150,000 shares crossed for Rs 24 million and its shares traded at Rs 160, Hemas Holdings 280,000 shares crossed for Rs 21.7 million; its shares fetched Rs 77.50 and Dialog 2 million shares crossed to the tune of Rs 21.6 million and its shares sold at Rs 10.80.

In the retail market top seven companies that mainly contributed to the turnover were; LOLC Finance Rs 88.5 million (15.2 million shares traded), Browns Investments Rs 82 million (14.7 million shares traded), LMF Rs 73.5 million (2.6 million shares traded), Pan Asia Rs 55.8 million (2.7 million shares traded), Watawala Plantations Rs 48.3 million (558,000 shares traded), HNB Rs 46.7 million (292,000 shares traded) and Kotagala Plantations Rs 37.8 million (5.7 million shares traded). During the day 91.5 million share volumes changed hands in 17300 transactions.

It is said high net worth and institutional investor participation was noted in Lanka Walltiles, Lanka IOC and HNB. Mixed interest was observed in Browns Investments, LOLC Finance and Union Assurance, while retail interest was noted in Amana Bank, Softlogic Capital and Marawila Resorts.

The Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Browns Investments and Lanka Milk Foods) while the sector index gained. The share price of Browns Investments increased. The share price of Lanka Milk Foods recorded a loss of 60 cents to drop to Rs. 27.40.

The Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Finance) while the sector index increased by 0.25 percent. The share price of LOLC Finance gained 10 cents to reach Rs. 5.70.

Yesterday, the rupee opened at Rs 306.50/60 to the US dollar in the spot forex market, stronger from Rs 306.95/307.10 on the previous day, dealers said, while bond yields were quiet ahead of the auction.



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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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