Business
Crossings account for over 59 per cent of CSE turnover
By Hiran H.Senewiratne
The CSE lost momentum as it closed on a marginally positive note, while turnover stood at Rs. 1.6 billion and was dominated crossings. The latter accounted for more than 59 percent of the turnover, stock market analysts said.
During the day the market did not fluctuate much, settling in the 7065 and 2870 range at the end of the day’s trading. In a continuing setback, the year-to-date (YTD) net foreign outflow crossed the Rs. 16 billion mark on Thursday with net selling of Rs. 94 million, though lower compared to Rs. 327 million on Wednesday.
Both indices moved upwards. All Share Price Index moved up by 2.94 points and S and P SL20 was also up by 16.53 points. Fifteen crossings took place.
Those crossings were as follows: Hayleys 2.3 million shares crossed for Rs. 136.5 million, its shares traded at Rs. 60, Royal Ceramic 519 million shares crossed for Rs. 135 million, share price Rs. 210, DIMO 145,000 shares crossed for Rs.86.8 million, share price Rs. 600, CIC 1.4 million shares crossed for Rs. 73 million, share price Rs. 52, LOLC 231,000 shares crossed for Rs. 69.1 million, share price Rs. 300, HNB Assurance 1.1 million shares crossed for 64.8 million, share price Rs 58, HNB (Non Voting) 600,000 shares crossed for Rs. 60 million, share price Rs. 100, Sampath Bank 1.05 million shares crossed for Rs. 59.9 million, share price Rs. 47, Dipped Products 1,000,000 shares crossed for Rs. 48.03 million, share price Rs. 47, Tokyo (Non Voting) 640,000 shares crossed for Rs. 48 million, share price Rs. 60, JKH 287,0000 shares crossed for Rs. 43 million, share price Rs. 150, Chevron Lubricants 425,000 shares crossed for Rs. 37.4 million, share price Rs. 88, LB Finance 640,000 shares crossed for Rs. 32 million, share price Rs. 50, Overseas Realty 2,000,000 shares crossed for Rs. 31.1 million, share price Rs. 16 and Tokyo (Voting) 400,000 shares crossed for Rs. 28 million, share price Rs. 70.
Top five companies that mainly contributed to the turnover were, Browns Investments Rs. 131.5 million (24.3 million shares traded), HNB (Non Voting) Rs. 77.1 million (771,000 shares traded), Sampath Bank Rs. 63.5 million (1.1 million shares traded), Hayleys Rs. 49.7 million (852,000 shares traded) and Expolanka Rs. 37 million (831,000 shares traded). During the day 66 million share volumes changed hands in 9642 transactions. Out of 15 crossings, majority were subsidiaries of Janashakthi Insurance, which accounted for Rs. 933 million of the turnover.
Sri Lanka’s rupee quoted steady at 199.50/200 to the one week US dollar on Friday, while yields remained unchanged in a dull market, dealers said. The rupee last closed in the one-week forward market at 199.50/200.50 to the US dollar on Thursday.
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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