Business
CSE turnover hits Rs. 3 billion for third consecutive day
By Hiran H.Senewiratne
CSE recorded the highest turnover for the week, touching the Rs. 3.billion mark yesterday for the third consecutive day. The banking sector counters dominated in turnover generation almost after two weeks closely followed by manufacturing sector counters, making a combined contribution of 48 percent, stock market analysts said.
Foreign investors continued to be net-sellers while recording low participation. But yesterday the market was driven and mainly pushed by retail investors. Further, corporate and institutional investors were also more active than on other trading days, analysts explained.
All Share Price Index was up by 63.38 points and S and P SL20 up by 32.25 points. Turnover stood at Rs. 3.54 billion with five crossings. Those crossings were reported in JKH, which crossed 1.5 million shares to the tune of Rs. 205.5 million, its shares trading at Rs. 137, HNB 1.34 million shares crossed for Rs. 183 million, its shares fetching Rs. 130.50, Commercial Bank 1.76 million shares crossed for Rs. 146.7 million, its shares trading at Rs. 83, Sampath Bank 200,000 shares crossed for Rs. 27.4 million at a per share value of Rs. 137 and Lanka IOC one million shares crossed for Rs. 21 million, its shares trading at Rs. 21.
In the retail market, top five companies that mainly contributed to the day’s turnover were, Expolanka Rs. 330.7 (34 million shares traded), Sampath Bank Rs. 211.1 million (1.53 million shares traded), Commercial Bank Rs. 196 million (2.4 million shares traded), Browns Investment Rs. 152.9 million (55.5 million shares traded) and Tokyo Cement (Non Voting) Rs. 143.9 million (3.1 million shares traded). During the day 182 million share volumes changed hands in 26472 transactions.
Banking sector, LOLC and Browns Investments contributed heavily to both CSE indices, mainly the All Share Price Index. LOLC share prices moved up by Rs. 3 or 2.2 per cent. Its shares started trading at Rs. 135 and at the end of the day it moved up to Rs. 138 and Browns Investment share prices moved up by 11.5 percent or 30 cents. Its shares started trading at Rs. 2.60 and at the end of the day it moved up to Rs. 2.90. Further, Sampath Bank and HNB share prices appreciated by four percent each during the day. Commercial Bank share prices also appreciated during the day, stock market sources said. High net worth and institutional investor participation remained subdued for the day while mixed interest was observed in Hayleys Fabric, Tokyo Cement Company, voting and non-voting, and Melstacorp. Retail interest was noted in Expolanka Holdings, Access Engineering and People’s Leasing & Finance.
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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