Business
CSE’s green trend punctuated by 10 crossings
By Hiran H.Senewiratne
CSE trading yesterday was extremely positive, having witnessed a bearish trend in the last few days. However, investors have, quite rightly, evaluated June quarter results and purchased shares in several sectors, market analysts said.
During the day high net worth clients and institutional investors were very active in the market and moved it to the green territory, market sources said.
Amid those developments the market was dominated by crossings and retail investors. Consequently, both indices moved upwards. The All- Share Price Index went up by 162 points and S and P SL20 rose by 72 points. Turnover stood at Rs 4.3 billion with ten crossings.
Those crossings were reported in Melstacope, which crossed 2 million shares to the tune of Rs 190.2 million; its shares traded at Rs 86, Expolanka Holdings 1 million shares crossed for Rs 145.5 million; its shares sold at Rs 145, hSenid 9 million shares crossed to the tune of Rs 117 million, its shares traded at Rs 13, HNB 620,000 shares crossed for Rs 113 million, its shares traded at Rs 183, Sampath Bank 1 million shares crossed for Rs 73.5 million; its shares fetched Rs 73, People’s Leasing 3 million shares crossed for Rs 37.5 million and its shares traded at Rs 12.50, TJ Lanka 1 million shares crossed to the tune of Rs 32 million; its shares sold at Rs 32, Three Acre Farms 100,000 shares crossed to the tune of Rs 23 million and its shares traded at Rs 23, LB Finance 300,000 shares crossed for Rs 21 million and its shares sold at Rs 70 and Union Bank 2 million shares crossed for Rs 20.8 million; its shares traded at Rs 10.40.
In the retail market top five companies that mainly contributed to the turnover were; JKH Rs 542.9 million (2.8 million shares traded), Capital Alliance Rs 216.6 million (3.4 million shares traded), TJLanka Rs 215 million (6.4 million shares traded), Melstacope 190.5 million (2.1 million shares traded) and Commercial Bank Rs 186.6 million (1.9 million shares traded. During the day 137 million share volumes changed hands in 23900 transactions.
It is said that high net worth and institutional investor participation was noted in JKH and Expolanka. Mixed interest was observed in Sampath Bank, Capital
Alliance and Softlogic Life Insurance, while retail interest was noted in Softlogic Capital, People’s Leasing & Finance and UB Finance Company.
The Banking sector was the top contributor to the market turnover (due to Sampath Bank), whie the sector index lost 3.61 percent. The share price of Sampath Bank lost Rs. 1.80 to slide to Rs. 72.80.
The Diversified Financials sector was the second highest contributor to the market turnover (due to Softlogic Capital and Capital Alliance).
Yesterday the Central Bank’s US dollar buying rate was Rs 314.45 and selling rate Rs 327.82.
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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