Business
Trading at CSE: Expolanka Holdings generates 19% of total turnover
By Hiran H.Senewiratne
Stock trading at the Colombo Stock Exchange (CSE) rebounded yesterday on fresh buying of sound mid-caps and better corporate earnings, after a sharp dip of over 4 percent on Wednesday.
Notably, trading in Expolanka Holdings Plc. amounted to 19% of total turnover.
The market was bullish in the morning and moved up by 8 points and later it started declining with the increase of Covid-19 positive cases and speculation that a lockdown could be clamped on the City of Colombo.
The Bourse ended on a positive note as the ASPI increased by 8.24 points , while the S&P SL20 Index also increased by 5.12 points. The turnover stood at Rs 1.74 billion with two crossings. Those crossings reported in Lion Brewery, which crossed 593,000 shares to the tune of Rs 323.2 million and its share price was Rs 545 and Amana Takaful Insurance 11.3 million shares crossed for Rs 97.4 million and its share traded at Rs 8.60.
In the retail market top five contributors to the turnover were Expolanka Rs 324 million –17.9 million shares traded — amounting to 19% of total turnover, while Tokyo Cement (Non Voting) Rs 84.9 million (1.6 million shares traded), RIL Properties Rs 72 million (9.7 million shares traded), Piramal Glass Rs 70.3 million (9.7 million shares traded) and Commercial Bank Rs 57.1 million (700,000 shares) traded. During the day 105 million share volume changed hands in 17418 transactions.
Materials sector was the top contributor to the market turnover (due to Tokyo Cement Company non-voting and voting), whilst the sector index gained 2.87 percent . The share price of Tokyo Cement Company non-voting gained Rs. 1.50 (2.97%) to close at Rs. 52.00. The share price of Tokyo Cement Company recorded a gain of Rs. 1.50 (2.54 percent ) to close at Rs. 60.60.Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings), whilst the sector index increased by 4.63 percent . The share price of Expolanka Holdings increased by Rs. 0.80 (4.65 percent ) to close at Rs. 18.00.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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