Business
ASPI gains 50 percent, turnover exceeds Rs.4 billion
By Hiran H.Senewiratne
CSE activities were bullish and the ASPI gained more than 50 percent, less than six months after start of trading on May 12, 2020 following the two month shut down of the stock market due to the Covid 19 global pandemic situation, stock market analysts said.
To date the market has recorded 6500 points, which is the highest after a lapse of two and a half years. Accordingly, the market witnessed very active retail participation yesterday with the touching of more than the Rs. 4 billion turnover mark. According to market analysts the low bank interest rates have attracted many investors to the stock market, which would likely continue for sometime, analysts said.
“Market completed the 10th consecutive session of uptrend, recording the longest winning streak for the year supported by Banking and Capital Goods counters. Index experienced a continuous upward movement since the beginning of the session and closed at 6,474 with an advance of 76 points, sources said.
The market momentum was sustained with the indices closing firmly in the green and turnover surpassing Rs. 3 billion for the fourth consecutive session. “Interest in banks among HNIs and institutions picked up, led by foreign selling in NDB which was absorbed locally, sources added.
As a result both indices moved upwards. The All Share Price Index went up by 90.2 points and S and P SL20 by 62.12 points. The turnover stood at Rs. 4.24 billion with three crossings. Those crossings were reported in Commercial Bank where 789,000 shares crossed for Rs. 66.3 million and its shares traded at Rs. 85, DFCC Bank’s 990,000 shares crossed for Rs. 65.6 million, its shares traded at Rs. 66.50 and Dialog two million shares crossed for Rs. 24.8 million, its shares trading at Rs. 12.40.
In the retail trade, top five contributors to the turnover were, Browns Investment Rs. 618 million (205 million shares traded), JKH Rs. 484 million (3.2 million shares traded), Royal Ceramic Rs. 200 million (1.3 million shares traded), HNB Rs. 147.3 million (1.12 million shares traded) and Expolanka Rs. 142.7 million (5.7 million shares traded). During the day 326.2 million share volumes changed hands in 32774 transactions. Further, 162 companies were positive and 78 companies were negative during the day. It is said that banking and manufacturing sector companies were active in the market.
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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