Business
CSE records Rs. 3.4 billion turnover as investor sentiment rises
By Hiran H.Senewiratne
The CSE yesterday snapped a four-day losing streak as investor sentiment bounced back slightly after the Central Bank kept policy rates unchanged. Trading activities were positive at the beginning of the day and by mid- session the market witnessed selling pressure and later began to recover, stock market analysts said.
The bourse jumped back to the green zone from Wednesday’s massive downfall while recording a two-and-a-half-week high gain as CBSL announced policy rates to be maintained at the current level, analysts added.
Amid those developments the market recorded a healthy turnover level. Both indices moved upwards. All Share Price Index went up by 2.16 points and S and P SL20 rose by 2.07 points. Turnover stood at Rs 3.4 billion with ten crossings. Those crossings were reported in Sampath Bank where 5.4 million shares crossed for Rs. 299.7 million, its shares traded at Rs 54.50, Vallibel One 3.2 million shares crossed for Rs 189 million, its shares traded at Rs 60, Kotagala Plantations 25 million shares crossed for Rs 160 million, its shares traded at Rs 6.40, Royal Ceramic three million shares crossed for Rs 141 million, its shares traded at Rs. 47 and ACL Cables 1.9 million shares crossed for Rs 85.5 million and its shares traded at Rs 45. Meanwhile, JKH 500,000 shares crossed for Rs 44.7 million, its shares traded at Rs 149, TJ Lanka one million shares crossed for Rs 43 million its shares fetching Rs 43, Laugfs Gas one million shares crossed for Rs 27 million, its share being traded at Rs 27, Lanka IOC one million shares crossed for Rs 27 million, its shares traded at Rs 27 and Dialog 1.9 million share volumes changed hands for Rs 21.3 million and its shares traded at Rs 11.25.
In the retail market, five companies that mainly contributed to the turnover were, Expolanka Holdings Rs 317 million (1.6 million shares traded), ACL Cables Rs 283 million (5.7 million shares traded), Royal Ceramic Rs 272 million (5.6 million shares traded), LOLC Holdings Rs 157 million (257,000 shares traded) and Browns Investments Rs 155 million (14.8 million shares traded). During the day 142.8 million share volumes changed hands in 24000 transactions.
Yesterday, the Sri Lanka rupee was quoted at Rs 201.25 to a US dollar. This was the Central Bank ‘s controlled price, which cannot exceed the Rs 202 level to prevent escalations of prices in essential goods. However, the real price of a dollar would be more than that, market sources said.
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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