Business
CSE’s main indices dip; turnover moderate
By Hiran H.Senewiratne
The CSE’s main indices moved downward yesterday. The All- Share Price Index declined by 62.96 points and the S and P SL20 fell by 5.89 points. Turnover stood at Rs 768 million with three crossings. Those crossings were reported in Cargills, where 400,000 shares crossed to the tune of Rs 98 million, its shares traded at Rs 245, CT Holdings 354,000 shares crossed for Rs 67.3 million, its shares fetched Rs 181 and NDB 300.000 shares crossed for Rs 22 million, its shares trading at Rs 44.
In the retail market top seven companies that mainly contributed to the turnover were, Melstacorp Rs 46.2 million (852,000 shares traded), JKH Rs 42.7 million (307,000 shares traded), Expolanka Holdings Rs 31.7 million (218,000 shares traded), Lanka IOC Rs 30.8 million (183,000 shares traded), ACL Cables Rs 28.9 million (350,000 shares traded), SLT Rs 27.6 million (303,000 shares traded) and Capital Alliance Rs 27.2 million (822,000 shares traded). During the day 25 million share volumes changed hands in 10000 transactions.
It is said that high net worth and institutional investor participation was noted in the National Development Bank. Mixed interest was observed in Expolanka Holdings, Sri Lanka Telecom SLT and Sampath Bank, while retail interest was noted in Industrial Asphalts, SMB Leasing nonvoting and Browns Investments.
Foreign participation in market activity remained at subdued levels with foreigners closing as net buyers. The Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings), while the sector index gained 6.69 per cent. The share price of Expolanka Holdings increased by Rs. 9.25 (6.70 per cent) to Rs. 147.25.
The Banking sector was the second highest contributor to the market turnover (due to National Development Bank and Sampath Bank) while the sector index decreased by 2.59 per cent.
The share price of NDB lost 60 cents to settle at Rs. 44.30. The share price of Sampath Bank recorded a loss of Rs 1.50 to decline to Rs. 51.
Yesterday the Central Bank’s US dollar buying rate was Rs 313.37 and selling rate Rs 330.50.
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.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
