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Stock investors struggle to reach 20,000 ASPI points; ‘psychological factors’ at play

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The CSE indicated mixed reactions yesterday as local and foreign investors struggled to raise 20000 All Share Price Index points due to certain psychological barriers prevailing among them. However, a few weeks ago the All Share Price Index rose to that point but now the investors are struggling to reach that target, market analysts said.

The All Share Price Index was up by 2.71 points, while the S and P SL20 declined by 4.27 points. Turnover stood at Rs 4.46 billion with six crossings. Those crossings were reported in Digital Mobility Solutions, which crossed 5.1 million share volumes to the tune of Rs 519.4 million; its shares traded at Rs 104.75, Singer (Sri Lanka)1 million shares crossed to the tune of Rs 66 million; its shares traded at Rs 66, HNB (Non- Voting) 148,000 shares crossed for Rs 44.7 million; its shares traded at Rs 300, Melstacope 250,000 shares crossed to the tune of Rs 40 million; its shares sold at Rs 160, ACL Cables 150,000 shares crossed to the tune of Rs 26.8 million; its shares traded at Rs 179 and Chevron Lubricants 150,000 shares crossed for Rs 26.25 million; its shares fetched Rs 175.

In the retail market top seven companies that mainly contributed to the turnover were; Digital Mobility Solutions Rs 290 million (2.8 million shares traded), LVL Energy Fund Rs 205 million (24.6 million shares traded), Associated Motor Finance Rs 188 million (2.2 million shares traded), JKH Rs 156 million (6.8 million shares traded), HNB (Non- Voting) Rs 149 million (499,0000 shares traded), East West Properties Rs 148 million (3.2 million shares traded) and Singer (Sri Lanka) Rs 148 million (2.2 million shares traded). During the day 136.4 million share volumes changed hands in 32988 transactions.

It is said that during the day the technology related sector, especially Digital Mobility Solutions, led the market due to its crossings and retail market trading activities. Other than that mixed reactions were noted in banks and manufacturing companies during the day.

PMF Finance said it will issue 5-year bonds to raise Rs 1 billion to meet its Tier 2 capital adequacy requirement. The subordinated listed, rated, unsecured redeemable bonds will be priced at Rs 100 each. PMF, formerly People’s Merchant Finance, said it had received approval from the Central Bank of Sri Lanka for the issue. The company intends to get Central Bank approval to use the net proceeds from the debt issue to meet its Tier 2 capital adequacy requirement, it said in a CSE sources said.

Yesterday, the rupee opened at Rs 300.91/95 to the US dollar in the spot market, slightly stronger from Rs 300.95/301.05 the previous day, while bond yields were broadly steady, dealers said.

An auction of Rs 103,500 million Treasury bills was ongoing. A bond maturing on 15.12.2028 was quoted flat at 8.85/95 percent. A bond maturing on 15.09.2029 was quoted at 9.33/36 percent. A bond maturing on 15.12.2029 was quoted at 9.35/39 percent, down from 9.38/40 percent. A bond maturing on 15.12.2032 was quoted at 10.20/23 percent, down from 10.22/25 percent. A bond maturing on 01.06.2033 was quoted at 10.60/65 percent.

By Hiran H.Senewiratne



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Mahindra Ideal Motors celebrates gala ‘Excellence Awards’ honouring outstanding performance and innovation

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The Mahindra Ideal Motors Excellence Awards ceremony, a grand celebration to recognize dealers and other stakeholders of Ideal Motors, was held at the Wave n’ Lake Banquet Hall & Restaurant in Welisara recently.

The event was graced by the presence of special guests including Nalin Welgama, Founder and Chairman Ideal Motors, Dilani Yatawaka, Group Managing Director/CEO Ideal Motors, Nimisha Welgama, Director Legal and Corporate Affairs Ideal Motor, Sachin Arolka, Head International Operations, Auto Division Mahindra & Mahindra India. Senthil Selvaraju, Head International Operations and Customer Service Automotive Division Mahindra & Mahindra India, Sujeeth Jayant, Country Head Mahindra & Mahindra India and Shitam Kundu, Head Domestic Services Mahindra & Mahindra India.

Also, in attendance from Ideal Motors were Kasun Fernando, General Manager Commercial Vehicle Sales Division, Sameera Bamunuarachchi, Deputy General Manager Spare Parts, Logistics & Inventory and Prasanna Manamperi, Deputy General Manager After Seles Service.

Speaking at the event, Nalin Welgama Ideal Motors Founder and Chairman said, “When we began our journey with Mahindra in 2009, the previous company had sold 300 vehicles in the country, of which nearly 150 had various defects. At that time our journey began by engaging with the parent company in India and repairing those vehicles free of charge. That commitment has brought us to where we are today. As we believe, our journey truly begins after the sale. We are dedicated to strengthening our customers, and in doing so, strengthening ourselves. That is how we transformed the after-sales service experience.”

He added, “Our main strength is the Mahindra Bolero, which has sold more than 10,000 units in just two years. In a very short period, we grew from zero to over 100,000 vehicles sold. This is not my victory, but the victory of all of you who contributed to it. Despite the challenges of the COVID-19 pandemic and the economic crisis we faced, this awards ceremony was organized to express our gratitude to all of you who trusted our institution and stood by us. Let us continue our victorious journey together.”

Dilani Yatawaka, Group Managing Director Ideal Motors, said: “Today is a very happy day for us. This is the first time in history of the organisation, that representatives of our vehicles, spare parts, services, and financial institutions are meeting together under one roof.”

Speaking on the occasion, Sachin Arolka, Head International Operations, Auto Division Mahindra & Mahindra India, stated that Ideal Motors in Sri Lanka is one of the largest seller of Mahindra vehicles in Asia.

More than 300 dealers and finance partners participated in the event which concluded with dinner, fellowship and entertainment.

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Police engagement supports wildlife protection in hill country

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Strengthening conservation through active law enforcement

An awareness and capacity-building program on wildlife crime prevention, with a special focus on the Sri Lankan leopard (Panthera pardus kotiya), was successfully conducted on March 20 at the Dimbula Athletics & Cricket Club, Radella.

The session was organized under the ongoing Multi-Regional Leopard Research and Conservation Project implemented by the Wildlife & Nature Protection Society (WNPS), in collaboration with LOLC. It brought together senior officers representing 28 Police stations across the Nuwara Eliya and Kandy districts, underscoring the growing importance of law enforcement in conservation efforts within multi-use landscapes, a WNPS news release said.

The Central Highlands present a unique conservation challenge, where increasing habitat loss and fragmentation, depletion of natural prey, and use of snares continue to threaten leopards inhabiting these landscapes majority outside formally protected areas. The session therefore focused on strengthening the capacity of Police officers to identify, prevent, and respond to wildlife crimes, while fostering closer coordination with conservation stakeholders, it explained.

Co-Chair of the Wildcats Subcommittee, Prof. Enoka Kudavidanage, highlighted the ecological and economic significance of leopards as apex predators, emphasizing their role in maintaining ecosystem balance and supporting nature-based tourism. She also outlined the current conservation challenges in the Hill Country and presented ongoing interventions under the WNPS–LOLC project.

Dr. Sanjaya Weerakody, Postdoctoral Fellow at the Xishuangbanna Tropical Botanical Garden (XTBG), Chinese Academy of Sciences, shared key research findings on leopard mortality trends over the past 17 years revealing concerning patterns, including the disproportionate loss of mature male individuals and the increasing prevalence of snaring as a primary cause of death highlighting an urgent need for targeted enforcement.

Attorney – at – Law Charaka Jayaratne provided an in-depth overview of the legal provisions under the Fauna and Flora Protection Ordinance, with particular attention to offences related to snaring. He discussed how Police can take more proactive and effective action, identifying gaps in current approaches and suggesting practical measures to strengthen enforcement outcomes.

Adding further perspective, Samantha Gunasekara, former Deputy Director of Customs and Chairman of the Marine Environment Protection Authority (MEPA), spoke on the broader context of illegal wildlife trade in Sri Lanka. Drawing from past cases and recent observations, he highlighted emerging trends and risks associated with wildlife trafficking.

Representing the Department of Wildlife Conservation, Ranger Srinath Dissanayake of the Hakgala Wildlife Range shared recent cases on leopard deaths and rescue operations recorded in 2025. He emphasized on personal observations, importance of timely intervention, and strong collaboration between field officers and the Police to mitigate human–wildlife conflict and prevent avoidable losses.

An interactive discussion followed, allowing officers to raise questions, clarify procedures, and exchange experiences while sharing their feedback as well. This dialogue contributed to reinforcing the value of strategic engagement between the Police, the Department of Wildlife Conservation, and conservation partners while strengthening inter-agency understanding and highlighting the need for coordinated responses during leopard-related incidents.

The session commenced with opening remarks by WNPS President Graham Marshall, who expressed appreciation for the participation of the Sri Lanka Police and reiterated the critical role of law enforcement in safeguarding biodiversity beyond protected areas.

WNPS Past President and WNPS LOLC Project Head Spencer Manuelpillai, Project Coordinator Gihani Hettiarachchi, Regional Center Coordinators, Thilanka Dissanayake and Attorney-at-Law Malaka Palliyaguruge were also present as part of the WNPS team.

WNPS extends its sincere appreciation to all officers who participated for their commitment and active engagement. Supported by LOLC, these initiatives form part of a broader effort to strengthen practical conservation through collaboration, knowledge sharing, and effective enforcement in Sri Lanka’s Hill Country.

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Mangala Tex marks expansion with new Kurunegala Branch

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Fashion retail leader Mangala Tex celebrated the grand opening of its newest branch in Kurunegala on Saturday, March 14, 2026, adding a vibrant new dimension to the city’s commercial landscape.

Since its inception, Mangala Tex has been synonymous with style, durability, and quality, earning a lasting reputation as a premier clothing retailer. Guided by the visionary leadership of Chairman Ronald Nimal Hope, the brand has successfully established a strong presence with thriving outlets in Yatinuwara Veediya, Kandy, Cross Street, Kandy, and Peradeniya, Kandy.

The Kurunegala expansion marks a significant milestone in the company’s growth, bringing its signature fashion offerings closer to a wider customer base. True to its slogan, “Let Your Clothing Do The Talking,” the new store features an extensive range of apparel catering to all age groups, blending contemporary style with durable, high-quality fabrics.

Shoppers at the Kurunegala branch are greeted by a welcoming atmosphere and attentive staff, which long-time customers cite as key reasons for their loyalty. The store’s combination of trendy designs, reliable quality, and customer-centric service continues to set it apart in Sri Lanka’s competitive fashion retail sector.

Mangala Tex now employs more than 120 staff members across its branches, remaining a proudly family-driven enterprise alongside Managing Director Pahan Dissanayaka and Directress M M G P Dissanayaka.

With the official opening in Kurunegala, Mangala Tex demonstrates that consistent quality, style, and service can drive sustained growth, expanding the brand’s reach to new communities while reinforcing its status as a trusted name in Sri Lankan fashion.

Text and Pix by SK Samaranayake

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