Business
Hayleys Group subsidiaries’ shares highest traded at CSE
by Hiran H. Senewiratne
Three leading subsidiaries of the Hayleys Group became the highest traded companies in the CSE yesterday. Hayleys, Haycarb and Dipped Products were those companies that were heavily traded ahead of a subdivision of their shares on February 10, stock market analysts said.
Among the three companies, Haycarb shares appreciated by 29 percent or Rs. 371. Its shares started trading at Rs. 1268 and at the end of the day they moved to Rs. 1640. Recently, the Hayleys Group announced to go for a subdivision of its shares in several subsidiaries, to increase market capitalization, analysts said.
Meanwhile, the market was rather sluggish and selling pressure was mainly noted in tile sector counters and in the LOLC Group. Tile sector counter witnessed selling pressure with speculation that tile importers were seeking presidential intervention to lift the import restriction to prevent a tile shortage in the country. This move has created some negative perception for local tile companies analysts said. Further, LOLC share prices begun to stabilize yesterday following the fast rally on its shares during the last few weeks, market sources said.
Amid those developments both indices moved downwards. The All Share Price Index went down by 127.11 points and S and P SL-20 declined by 62.79 points. The turnover stood at Rs. 4.8 billion without a single crossing. In the retail market, top five contributors to the turnover were, Haycarb Rs. 608 million (392,000 shares traded), Expolanka Rs. 443.4 million (8.1 million shares traded), Dipped Products Rs. 420 million (567,000 shares traded), LOLC Rs. 299 million (667,000 shares traded) and Sampath Bank Rs. 297 million (1.7 million shares traded). During the day 142.8 million share volumes changed hands in 34361 transactions.
Stock trading volumes in the first 22 days of 2021 had exceeded the annual trading volumes seen in 2012, 2013, 2016, 2017, 2018 and 2019, the Colombo Stock Exchange said.
Sri Lanka rupee quoted steady around 193.00/195.00 levels in the spot market on Monday, while bond yields remained unchanged in dull market trade, dealers said. The rupee closed wide 193.70/194.25 to the US dollar on Friday. In the secondary market, bond yields remained flat in dull market trade, dealers 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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