Business
Sunshine Holdings, Expolanka, JKH lead market activity
Crossings with trading in Sunshine amounts to 30% of total turnover
By Hiran H.Senewiratne
Trading activities at the Colombo Stock Exchange (CSE) showed a downward trend as it began yesterday but rebounded later. In the backdrop of current Covid-19 scenario, investor appeared to adopt a cautious stance. However, the fact that net foreign inflow increased during trading sessions on 5th, 6th,9th and10th of August, helped lift sentiments of investors and brokers alike, stock market analysts said.Since August 5, there has been a net inflow of Rs. 94 million, modest yet analysts viewed it as significant given the fact until last Thursday the year to date net foreign outflow was a record Rs. 35.6 billion (over US $ 170 million).
Apart from net foreign inflows, the Colombo stock market saw indices decline in the last couple of days, but yesterday it reported an upward trend with a healthy turnover.
Meanwhile, according to John Keells Stock Brokers, Sunshine Holdings, Expolanka and JKH led market activity including crossings with trading in Sunshine Holdings amounting to 30% of total turnover.
The All Share Price Index was up by 24.69 points and S and P SL20 up by 8.82 points. Turnover stood at Rs 2.9 billion with two crossings. Those crossings were reported in Sunshine Holdings 30.1 million shares crossed for Rs 801 million and its share price traded at Rs 26.60 and JKH 795,000 shares crossed for Rs 109.3 million and its share price traded at Rs 137.50.
In the retail market top five companies that mainly contributed to the turnover were Expolanka Holdings Rs 365 million (4.3 million shares traded), Ambeon Holdings Rs 126.7 million ( three million shares traded), Renuka Holdings Rs 119.7 million (14 million shares traded), Ambeon Capital Rs 106 million (7.2 million shares traded) and Royal Ceramic Rs 87.5 million (2.1 million shares traded).
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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