Business
Investors cautious in the wake of spreading Covid-19 infections
By Hiran H. Senewiratrne
The CSE fell 0.12 percent yesterday, pushed down by Ceylinco Insurance PLC, Expolanka Holdings and Commercial Leasing and Finance. However, the market indicated mixed reactions, where investors were cautious due to an increase in the number of Covid 19 infections in Sri Lanka, stock market analysts said.
The Colombo benchmark All Share Price Index fell 8.50 points to close at 7,208.20 and the S&P SL20 index of more liquid stocks gained 0.24 per cent or 6.93 points to close at 2,869.25.The market closed early yesterday ahead of May Day which falls today.
ASPI opened higher and continued to gain but marginally fell right before the market closed at 12.30 pm..
Turnover was Rs.1.14 billion with 73 stocks gaining and 67 falling. Three crossings took-place during the day. Those crossings were reported in JKH, which crossed 1.52 million shares to the tune of Rs. 213 million, its share price was Rs. 140, CTC, 113,000 shares crossed for Rs. 102.9 million its shares traded at Rs. 905.50 and CCS 145,000 shares crossed for Rs. 80.7 million,. its shares traded at Rs. 554.74.
In the retail market top five contributors to the turnover were, Expolanka Rs. 205.2 million (4.4 million shares traded), Browns Investment Rs. 98.8 million (15.4 million shares traded), Royal Ceramic Rs. 81.1 million (2.3 million shares traded), LOLC Holdings Rs. 51.9 million (162,000 shares traded) and JKH Rs. 36.4 million (258,000 shares traded). During the day 42.3 million share volumes changed hands in 8117 transactions.
During the day the top net seller was JKH, which amounted to Rs. 212.8 million and net foreign buyer Expolanka, which amounted to Rs. 4.72 million. During the day aggregate foreign purchases were Rs. 212.8 million and net foreign sales Rs. 439.2 million. Therefore net foreign outflow amounted to Rs. 226.4 million
During the day Ceylinco Insurance PLC fell Rs. 148.75 to close at Rs. 1,938.50 a share, contributing most to ASPI’s fall.
LOLC Holdings gained 50 cents to close at Rs. 320.50, Brown and Company gained Rs. 8.00 to close at Rs. 180.25 and Browns Investment gained 10 cents to close at Rs. 6.40 a share. LOLC Finance closed 10 cents down to Rs. 6.30.
Hayleys closed 20 cents up at Rs. 76.30 with key subsidiaries Dipped Products gaining 20 cents to close at Rs. 55.50 and Haycarb PLC gained 50 cents to close at Rs. 104.25.
JKH closed 75 cents down at Rs. 141.00 a share and Vallibel One up 10 cents to close at Rs. 54.40 a share.
Royal Ceramic Lanka closed 10 cents up at Rs. 35.00, Lanka Ceramic closed flat at Rs. 126.00, Lanka Tiles fell 40 cents to close at Rs. 45.20 and Lanka Walltiles gained 70 cents to close at Rs. 47.20.
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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