Business
Hayleys purchases 27.5 million shares of Unisyst Engineering
Trading in Expolanka amounts to 42% of total turnover
By Hiran H. Senewiratne
Advantis Projects Engineering (Pvt) Limited, a subsidiary of Hayleys Group, has purchased 27.5 million shares belonging to Unisyst Engineering Plc for a monetary consideration of Rs 250 million at a share price of Rs 9.10. Unisyst Engineering is also one of the subsidiary companies of Hayleys Group. This transaction was an internal transfer executed by way of a crossing on the previous day, stock market analysts said.
Apart from that CSE trading activities rebounded strongly yesterday with sharp gains by the indices amidst healthy turnover touching Rs 6 billion.
At the beginning of trading, the market witnessed bullish and Expolanka and LOLC Group counters witnessed some strong buying and around 12.30 pm buying interest was seen in other favourite counters. Therefore, most of those investor favourite counters witnessed more than 5 percent price appreciation.
The Main three companies that witnessed price appreciation were in Expolanka, which increased its price by 16 percent or Rs 14. Its price moved upto Rs 99.50 from Rs 85.60 and its contribution to the turnover were more than 40 percent.. Other two companies were reported in LOLC Finance and Commercial Leasing. LOLC Finance share price appreciated by 25 percent Rs 2 and its price increased to Rs 10 from Rs 8 and Commercial Finance also noticed a 25 percent or Rs 2.90 price increase from Rs 11.80 to Rs 14.70.
Amid those developments both indices moved upwards. All Share Price Index up by 231.9 points and S and P SL20 up by 59.4 points. Turnover stood at Rs 6.3 billion with a single crossing. The crossing was reported in Hayleys Plc, which crossed 300,000 shares to the tune of Rs 38.55 million and its share price traded at Rs 77.70.
Meanwhile, according to JKSB, trading in Expolanka amounted to 42% of total turnover.
Top seven companies that mainly contributed to the turnover were Expolanka Holdings Rs 2.67 billion (28 million shares traded), Browns Investments Rs 574.1 million ( 574.1 million shares traded), LOLCC Finance Rs 301.1 million (31.6 million shares traded), LOLC Holdings Rs 262.2 million (158,000 shares traded), Hayleys Fabrics Rs 251.6 milion (9.1 million shares traded), Dipped Products Rs 235 million ( 4.2 million shares traded) and Royal Ceramic Rs 193 million (4.8 million shares traded). During the day 289.1 million share volume changed hands in 48,000 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.”
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