Business
ASPI records biggest single day points gain as LOLC drives extremely bullish market
Hiran H.Senewiratne
The CSE was extremely bullish yesterday and it was mainly driven by the LOLC Group of companies headed by Ishara Nanayakkara, stock market analysts said. Both indices were positive. The ASPI recorded the biggest single day points gain in history with 332.16 points, setting a new all time high with the index closing at 8 463.43 points. S and P SL20 was up by 117.34 points.
Main companies that contributed to the ASPI were, LOLC, Carsons, Browns Investments, Expolanka and JKH. Those companies were main gainers in the market and their share prices appreciated during the day. LOLC share price moved up by 25 percent or Rs. 70.25. Its shares started trading at Rs. 281 and at the end of the day they moved up to Rs. 351.25 ( Its contribution to the ASPI 76 points), Expolanka shares appreciated by 8.7 percent or Rs. 4.40, Its shares started trading at Rs. 50.70 and at the end of the day they moved to Rs. 55.10 (Its contribution to the ASPI was 20 points).
Browns Investments shares appreciated by 25 percent or Rs. 42. Its shares started trading at Rs. 162 and at the end of the day it moved to Rs. 168 (Its contribution to the ASPI was 20 points). JKH shares appreciated by 4 percent or Rs. 6. Its shares started trading at Rs. 162 and at the end of the day they moved to Rs. 168 (Its contribution to the ASPI was 18 points). Carsons shares appreciated by 24 percent or Rs. 74.25. Its shares started trading at Rs. 305.75 and at the end of the day they moved to Rs. 380 (Its contribution to the ASPI was 33 points).
During the day turnover reached Rs. 12.8 billion with ten crossings. Those crossings were in Commercial Bank, which crossed 3.2 million shares to the tune of Rs. 307.3 million, its shares traded at Rs. 99, JKH 1.4 million shares crossed for Rs. 245 million, its shares traded at Rs. 168, CT Holdings one million shares crossed for Rs. 172.8,Mililion its shares traded at Rs. 172.8, Expolanka two million shares crossed for Rs. 112 million, its shares traded at Rs. 56, Cargills 391 million shares crossed for Rs. 86.5 million, its shares traded at Rs. 225.
Meanwhile, Sampath Bank 500,000 shares crossed for Rs. 56 million, its shares trading at Rs. 140, HNB 400,000 shares crossed for Rs. 56 million, its shares traded at Rs. 140, Tokyo Cement (Non Voting) 375,000 shares crossed for Rs. 29.6 million, its shares fetched Rs. 79, Central Finance 270,000 shares crossed for Rs. 26.7 million, its shares traded at Rs. 99 and Lion Brewery 45000 shares crossed for Rs. 26.1 million, its shares trading at Rs. 580.
In the retail market top five contributors to the turnover were, LOLC Rs. 1.8 billion (5.4 million shares traded), Expolanka Rs. one billion (18.6 million shares traded), Dipped Products Rs. 589 million (one million shares traded), Browns Investments Rs. 547 million (79 million shares traded) and JKH Rs. 485 million (2.9 million shares traded). During the day 590 million share volumes changed hands in 16387 transactions.
Meanwhile, First Capital has announced a debenture issue to raise Rs. 2 billion in order to do future expansions and developments, its sources said.
Sri Lanka’s rupee was quoted weaker around 197.50/199.50 to the US dollar in the spot next market on Friday, while bond yields were up marginally, dealers said. Rupee last closed around 197.00/198.00 in the spot-next market on Thursday against the greenback.
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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