Business
Blue-chip and banking sector counters witness buying interest; indices rise
By Hiran H.Senewiratne
Towards the latter part of trading yesterday at the CSE buying interest was seen in blue- chip counters and in the banking sector, because concerns have been defused with regard to debt optimization and macroeconomic factors, a stock analyst said.
Consequently, both indices moved upwards. The All- Share Price Index went up by 293.1 points and S and SL20 rose by 120.2 points. Turnover stood at Rs 3.36 billion with four crossings. Those crossings were reported in NTB, which crossed 1.1 million shares to the tune of Rs 104.5 million, its shares traded at Rs 95, JKH 540,000 shares crossed for Rs 86.3 million; its shares traded at Rs 160.50, HNB 369.000 shares crossed for Rs 66.1 million and its shares fetched Rs 180 and Richard Pieris 1 million shares crossed for Rs 23.5 million; its shares sold at Rs 23.50.
In the retail market top seven companies mainly contributed to the turnover were; JKH Rs 384 million (2.3 million shares traded), NTB Rs 270 million (2.8 million shares traded), Sampath Bank Rs 262 million (3.47 million shares traded), LOLC Holdings Rs 127.5 million (259,000 shares traded), NDB Rs 120.5 million (1.6 million shares traded), Expolanka Holdings Rs 112 million (784,000 shares traded), and Vallibel One Rs 105.2 million (2.1 million shares traded). During the day 95.5 million share volumes changed hands in 24000 transactions.
It is said that high net worth and institutional investor participation was noted in Nations Trust Bank and JKH. Mixed interest was observed in NDB, Vallibel One and Hayleys, while retail interest was noted in Co-Operative Insurance Company, People’s Leasing & Finance and Kotagala Plantations.
The banking sector was the top contributor to the market turnover, (due to Nations Trust Bank and National Development Bank), while the sector index lost 0.87 percent. The share price of NTB gained by 1 rupee to reach Rs 94.40. The share price of National Development Bank moved up by 50 cents to reach Rs 73.
The Capital Goods sector was the second highest contributor to the market turnover (due to JKH and Vallibel One), while the sector index decreased by 0.70 percent. The share price of JKH decreased by 25 cents to Rs 158.75.
The share price of Vallibel One gained by 10 cents to reach Rs 48.50. People’s Leasing & Finance was also included among the top turnover contributors. The share price of People›s Leasing & Finance recorded a gain of 60 cents to reach Rs 10.80.
Yesterday, the rupee opened at 328.50/330.00 in the spot market, stronger from yesterday, dealers said, while bond yields opened marginally lower.The rupee closed at Rs 329.25/50 to the US dollar in the spot market Wednesday.
A bond maturing on 15.05.2030 quoted at 14.40/50 percent down from Wednesday’s close at 14.42/48 percent. A bond maturing on 01.05.2028 quoted at 14.70/85 percent down from yesterday’s 14.75/82 percent.
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.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
