Business
Transfer of JKH’s 61.9 million stocks boosts CSE turnover past Rs. 12 billion mark
By Hiran H. Senewiratne
The stock market yesterday surpassed Rs 12 billion in turnover with a great degree of retail and institutional participation. A main feature of the trading was the transferring of 61.9 million stocks in JKH, amounting to Rs 11.3 billion, market analysts said.
JKH’s transaction was equal to the company’s last/ December quarterly statement figure, which boosted the entire market performance, analysts added.
Further, market speculation that Treasury Bill yields decreased, created a bullish market sentiment for Primary dealer entities listed in the CSE. This has created a significant price appreciation, market analysts said. Capital Alliance PLC shares closed up at 48.10, and First Capital Treasuries PLC closed up 26.00. Contributors to ASPI included Richard Pieris and Company PLC (up at 21.30), Commercial Bank of Ceylon PLC (up at 89.00) and Royal Ceramics Lanka PLC (up at 29.00).
Amid those developments both indices slightly moved up. All Share Price Index went up by 2.59 points while S and P SL20 rose by 6.7 points. Turnover stood at Rs 12.2 billion with four crossings. Those crossings were reported in JKH, which crossed 62 million shares to the tune of Rs 11.3 billion; its shares traded at Rs 183, LB Finance 1 million shares crossed for Rs 61 million; its shares traded at Rs 61, Sampath Bank 300,000 shares crossed for Rs 21.6 million; its shares traded at Rs 71.90 and NDB 315,000 shares crossed to the tune of Rs 20 million; its shares sold at Rs 63.50.
In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 201.7 million (1.1 million shares traded), Sampath Bank Rs 63.8 million (887,000 shares traded), Capital Alliance Rs 49.5 million (1 million shares traded), First Capital Holdings Rs 48.5 million (1.6 million shares traded), Expolanka Holdings Rs 24.7 million (191,000 shares traded), Royal Ceramic Rs 24.2 million (836,000 shares traded) and Union Assurance Rs 23.7 million (571,000 shares traded). During the day 90.1million share volumes changed hands in 8000 transactions.
It is said high net worth and institutional investor participation was noted in JKH, Commercial Bank, Hela Apparel Holdings. Mixed interest was observed in Sampath Bank, Expolanka Holdings and Royal Ceramics, while retail interest was noted in Browns Investments, Lanka Milk Foods and Lanka Credit and Business Finance.
The Capital Goods sector was the top contributor to the market turnover (due to JKH), while the sector index gained 1.78 percent. The share price of JKH increased by Rs. 4 to Rs. 182.25.
The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank and Commercial Bank), while the sector index increased by 1.17%. The share price of Sampath Bank gained Rs. 1.10 to Rs. 72. The share price of Commercial Bank declined by 30 cents to dip to Rs. 87.70.
Yesterday the buying rate of the dollar was Rs 308.56 and selling rate Rs 318.68.
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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