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Sharp pick-up in share trading; CSE turnover hits Rs. 3.35 billion

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By Hiran H.Senewiratne

The CSE yesterday saw a sharp pick-up in trade, in terms of turnover and volume, with indices staying positive following Foreign Minister Ali Sabry hinting on the IMF agreement, which is likely to be signed in early January. Assurances are likely to be given by main creditors, China India and Japan, for restructuring of debt, stock market analysts said.

Shares rose over 3 per cent within the first hour of trade, pushed up by strong positive sentiments, following last week’s Expolanka expansion news and speculation on interest rates to be eased in line with inflation, market analysts said.

“Since last week the market is moving on strong positive sentiments on Expolanka and interest rates to fall in line with inflation; this has also brought in some bargain hunting, analysts opined.

Central bank Governor Dr Nandalal Weerasinghe also said market rates should eventually ease despite fears over domestic debt restructuring, as inflation falls, liquidity increases in dollar markets and inter-bank liquidity improves.

Prices in blue-chip counters also showed significant gains and both indices moved upwards. The All- Share Price Index was up by 276 points and S and P SL20 rose by 81.2 points. Turnover stood at Rs 3.35 billion with five crossings.

Those five crossings reported in Overseas Realty, where 98.5 million shares crossed to the tune of Rs 276 million, its shares traded at Rs 14, Lanka IOC 250,000 shares crossed to the tune of Rs 47.5 million and its shares traded at Rs 190, Kelani Tyre 728,000 shares crossed for Rs 40.1 million, its shares traded at Rs 55, hZenid Business Solutions two million shares crossed for Rs 34 million and its shares traded at Rs 17 and CT Holdings 114,000 shares crossed to the tune of Rs 20 million, its shares traded at Rs 175.

In the retail market top seven companies that mainly contributed to the turnover were, Browns Investments Rs 554 million (76.7 million shares traded), Expolanka Holdings Rs 425 million (2.2 million shares traded), Lanka IOC Rs 197 million (one million shares traded), LOLC Finance Rs 158 million (21.2 million shares traded), First Capital Holdings Rs 150 million (5.9 million shares traded), Capital Alliance Rs 143 million (6.7 million shares traded) and First Capital Treasuries Rs 122 million (5.2 million shares traded).During the day 281 million share volumes changed hands in 28000 transactions.

It is said that high net worth and institutional investor participation was noted in Melstacorp and Ceylon Cold Stores. Mixed interest was observed in Expolanka Holdings, Lanka IOC and ACL Cables, while retail interest was noted in Browns Investments, First Capital Holdings and First Capital Treasuries.

The Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings), while the sector index gained 3.97 per cent. The share price of Expolanka Holdings increased by Rs. 7.25 (3.98 per cent) to close at Rs. 189.50.

The Food, Beverage and Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments and Melstacorp), while the sector index increased by 2 per cent. The share price of Browns Investments moved up by 40 cents (6.56 per cent) to close at Rs. 6.50. The share price of Melstacorp appreciated by Rs. 2 (4.38 per cent) to close at Rs. 47.70.

Yesterday, the Central Bank- announced US dollar buying rate was Rs 361.24 and the selling rate Rs 371.72. The Colombo Consumer Price Index showed some decline of 61 per cent in November, while in October it was 66 per cent. Therefore, the inflation has indicated some decline.



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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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