Business
CSE’s bull run continues; Vallibel One a key trigger
By Hiran H.Senewiratne
CSE trading activities were extremely bullish yesterday driven by the Vallible One Group, which showed strong buying interest. In the middle of the day the market showed some profit- takings and during the latter part of the day the bourse turned positive, stock market analysts said.
The All- Share Price Index of the CSE surged 111.54 points to close at a record all -time high of 13,280.94 points. It was the fifth consecutive day that the CSE registered a record performance. This week the stock market was very strong and the All- Share Price Index was able to gain 1000 points.
It is said that after witnessing an initial setback, the indices rebounded sharply with the ASPI comfortably exceeding the 13,100 level on the back of strong broad-based buying extended by local investors. While Expolanka , LOLC Finance and Browns Investments continued to drive market activity, improved retail and HNI buying was witnessed in other large-cap stocks, such as Sunshine Holdings, Hayleys and Royal Ceramic, market analysts said.
The All-Share Price Index went up by 111.54 points and S and P SL20 rose by 53.5 points. Turnover stood at Rs 11.6 billion with four crossings. Those crossings were reported in JKH, which crossed 1.8 million shares to the tune of Rs 285 million, its shares traded at Rs 152.50, Softlogic Holdings 1.5 million shares crossed for Rs 84 million, its shares traded at Rs 57, LVL Energy Fund 1.9 million shares crossed for Rs 21.8 million, its shares traded at Rs 11.50 and LOLC Finance 725,000 shares crossed for Rs 20.3 million, its shares fetched Rs 28.
In the retail market top seven companies that mainly contributed to the turnover were; Vallibel One Rs 1.1 billion (18 million shares traded), Aman Bank Rs 856 million (225 million shares traded), Browns Investments Rs 778 million ( 42.4 million shares traded), Sunshine Holdings Rs 616 million (8.8 million shares traded), Expolanka Holdings Rs 544 million (1.4 million shares traded), Hayleys Rs 537 million (3.6 million shares traded) and Kapruka Holdings Rs 390 million (17 million shares traded). During the day 622 million share volumes changed hands in 80000 transactions.
During the day share prices in many companies noted gains. Those were Vallibal One, whose share price appreciated by 15.3 per cent or Rs 12.20. Its share price shot up to Rs 92 from Rs 79.80, Lanka Aluminium share price appreciated by 16 per cent or Rs 4.30. Its share price shot up to Rs 31.10 from Rs 26.80 and DIMO share price appreciated by 22 per cent or Rs 175. Its share price shot up to Rs 875 from Rs 700.
Yesterday, the US dollar was quoted at Rs 202.22, which was the Central Bank controlled price. The actual market price would be Rs 250 but due to the current economic crisis the dollar rate would likely go up to the Rs 300 level, market analysts said.
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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