Business
Acuity Stockbrokers Weekly Share Market Review
Indices
The Bourse ended the week on a negative note this week with ASPI decreasing by 290.37 points (or 3.51%) to close at 7,985 points, while the S&P SL20 Index also decreased by 124.06 points (or 3.75%) to close at 3,180.24 points.
Turnover & Market Capitalization
Expo Lanka was the highest contributor to the week’s turnover value, contributing LKR 2.23Bn or 9.12% of total turnover value. LOLC Holdings followed suit, accounting for 8.20% of turnover (value of LKR 2Bn) while Haycarb contributed LKR 1.70Bn to account for 6.98% of the week’s turnover.
Total turnover value amounted to LKR 24.42Bn (cf. last week’s value of LKR 42.08Bn), while daily average turnover value amounted to LKR 4.88Bn (-41.96%W-o-W) compared to last week’s average of LKR 8.42Bn. Market capitalization meanwhile, decreased by 3.49% W-o-W (or LKR 126.35Bn) to LKR 3,491.27Bn cf. LKR 3,617.62Bn last week. I
Indices vs. Turnover (08th Feb – 12th Feb) Liquidity (Value & Volume)
The Capital goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 29.99% (or LKR 7.32Bn) of market turnover. Industry Group’s turnover was driven primarily by Royal Ceramic, Vallibel One, JKH & Hemas Holdings which accounted for 72.96% of the sector’s total turnover.
Materials Industry Group meanwhile accounted for 19.64% of the total turnover value while Food, Beverage & Tobacco Industry Group contributed 16.20% to the weekly turnover. The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 37.47% (or 309.27Mn shares) of total volume, with a value contribution of LKR 3.96Bn.
The Materials Industry Group followed suit, adding 18.62% to total volume (153.70Mn shares) while Diversified Financials contributed 14.56% (120.21Mn shares) to the weekly share volume.
Net Foreign Position
Foreign investors were net sellers this week with total net outflow amounting to LKR 1.31Bn relative to last week’s total net outflow of LKR 1.48Bn (11.6% W-o-W). Total foreign purchases increased by 206.8% W-o-W to LKR 1.40Bn from last week’s value of LKR 0.46Bn, while total foreign sales amounted to LKR 2.71Bn relative to LKR 1.94Bn recorded last week (39.7% W-oW).
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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