Business
CSE exudes bullish exuberance with turnover of Rs. 4 billion and 12 crossings
By Hiran H.Senewiratne
The CSE was extremely bullish yesterday owing to the maintenance of a dovish monetary policy or lower interest rates by the Central Bank. Besides, institutional and retail participation was vibrant, market analysts said.
Consequently, crossings dominated the market with the active participation of both retail and institutional buyers. Both indices moved upwards. The All Share Price Index went up by 109.94 points while S and P SL20 rose by 54.16 points. Turnover stood at Rs 4.1 billion with twelve crossings.
Details of the crossings are as follows: Commercial Bank, crossed 811,000 shares to the tune of Rs 93.3 million; its shares traded at Rs 115, Ceylon Cold Stores 1.5 million shares crossed for Rs 90 million; its shares fetched Rs 60, PGP Glass 3 million shares crossed for Rs 87.1 million; share price Rs 29, Dipped Products 2 million shares crossed for Rs 62 million; shares Rs 31,Vallibel One 1 million shares crossed for Rs 56 million; shares traded at Rs 56, Hayleys 500,000 shares crossed to the tune of Rs 43 million; share price Rs 80, JKH 200,000 shares crossed for Rs 41.65 million; share price Rs 208.25, Royal Ceramic 1 million shares crossed for Rs 34 million; share price Rs 34, Hemas Holdings 353,000 shares crossed for Rs 31.1 million; share price Rs 88, HNB 136,000 shares crossed to the tune of Rs 27.7 million; share price Rs 203, NDB 275,000 shares crossed for Rs 21.03 million, share price Rs 76.50 and Hayleys Fabrics 500,000 shares crossed for Rs 20.14 million; share price Rs 40.30.
In the retail market top six companies that mainly contributed to the turnover were; Ceylon Cold Stores Rs 248 million (4 million shares traded), Sampath Bank Rs 219 million (2.7 million shares traded), JKH Rs 190.5 million (914,000 shares traded), Royal Ceramic Rs 167 million (4.9 million shares traded), Hayleys Rs 148 million (1.6 million shares traded) and Browns Investments Rs 147 million (22.5 million shares traded). During the day 166 million share volumes changed hands in 25500 transactions.
Yesterday the rupee opened at Rs 296.20/40 to the US dollar after closing at Rs 296.00/30 last Friday, dealers said. Bond yields were down, dealers said. A bond maturing on 15.12.2026 was quoted down at 11.10/20 percent from 11.15/20 percent. A bond maturing on 15.03.2028 was quoted down at 11.80/90 percent from 11.90/12.00 percent.
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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