Business
ASPI ends sharply higher amid healthy turnover levels
Vallibel Finance share price settles well after reaching intraday high
By Hiran H.Senewiratne
Stock trading at the Colombo Stock Exchange (CSE) was positive yesterday while the leading financial sector institute Vallibel Finance recorded the highest intraday share price hike which remained for a short period following its announcement the previous day on the sub-division of its shares, stock market analysts said.
Under this move, one existing share would be subdivided into four shares subject to necessary approvals. In this context, its share price appreciated by two percent or Rs 40. Its share price started trading at Rs 162.50 and shot upto Rs 184.50, which however, settled at Rs 166.50 towards the end of the day, stock market analysts said.
Meanwhile, Tokyo Cement non voting and voting share price moved up significantly. The non voting share price appreciated by 8 percent or Rs 4.90. Its share price traded at Rs 62.90 and at the end of the day it moved to Rs 67.90; the voting share price appreciated by six percent or Rs 4. Its share price traded at Rs 69.90 and at the end of the day it shot up to Rs 73.70.
Amid those developments both indices moved upwards. All Share Price Index up by 79.65 points and S&P SL20 up by 35.7 points. Turnover stood at Rs 2.83 million with a single crossing. The crossing took place in Commercial Bank, which crossed 1.8 million shares to the tune of Rs 160 million and its share price traded at Rs 90.
In the retail market top five companies that mainly contributed to the turnover were LOLC Rs 246 million (684,000 shares traded), Vallible Finance Rs 203 million (1.2 million shares traded), CIC (Non Voting) Rs 153 million (3.5 million shares traded), Tokyo Cement (Non Voting) Rs 145.3 million (2.2 million shares traded) and Royal Ceramic Rs 127.9 million ( 3.3 million shares traded). During the day 82.1 million share volume changed hands in 29635 share transactions.
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
