Business
CSE gains nearly three-and-half-year high
By Hiran H.Senewiratne
The Colombo Stock Exchange (CSE) yesterday remained resilient reaching a near three-and-half-year high with above average turnover. The market was positive and not so bullish because the number of volumes have increased sans major price appreciations, stock market analysts said.
Amid those developments Asiri Hospitals, Expolanka and Hemas Group are driven by speculations owing to the Covid 19 vaccine, which all three entities are major players where the vaccine is concerned.
Both indices moved upwards. All Share Price Index up 26.08 points and S and P SL20 moved up 11 points. The turnover stood at Rs 3 billion with two crossings. Those crossings reported in Sanasa Development Bank, which crossed 702,000 shares to the tune of Rs 39.8 million and its share price traded at Rs 56.50 and Dipped Products 107,000 shares crossed for Rs 37.5 million and its share prices traded at Rs 350.
In the retail market top five companies that mainly contributed to the turnover were Browns Investment Rs 489 million (114 million shares traded), Expolanka Rs 259 million (8.9 million shares traded), Asiri Hospitals Rs 198 million (5.8 million shares traded), JKH Rs 184 million (1.2 million shares traded) and Hemas Holdings Rs 132 million (1.3 million shares). During the day 187 million share volume changed hands in 21346 transactions.
Sri Lanka rupee was bid around 186 to the US dollars with no offers, in intra -day trading on December 31, with activity muted amid market participants said, while bond yields were flat.
There had been spot trades around 185.50 to the US dollar. Sri Lanka’s Central Bank said it would take aggressive action to keep a rupee peg to the US dollar around Rs.185. Sri Lanka however has excess liquidity in money markets.
Business
Russel’s fueling team spirit through employee motivation
Russel’s (Pvt) Ltd. recently celebrated a culture of excellence by honoring standout employees at a special appreciation event for November. The gathering highlighted the company’s commitment to recognizing dedication, professional integrity, and consistent high performance across all departments.
The ceremony spotlighted individuals who have made significant impacts in their roles. Head Pastry Chef Jude Fernando was celebrated as Best Chef of the Month. Manager Sajeeva Rukmal received the Most Efficient Employee of the Month award for his instrumental role in streamlining operations and ensuring seamless daily execution.
Further accolades were awarded to Malani Fernando and Chamal Asanka, who were named Outstanding Female and Male Employees of the Month, respectively. Both were praised for their remarkable dedication, strong service ethics, and sustained performance.
In congratulating the awardees, Russel’s management reaffirmed that such recognition is fundamental to the organization’s ethos.
Business
Hemas Hospital Wattala spearheads advanced liver care
Hemas Hospital Wattala has reinforced its position as Sri Lanka’s leader in advanced liver care through its sponsorship of the Sri Lanka Society of Gastroenterology 2025 sessions. The hospital showcased its state-of-the-art Fibroscan technology, which offers a painless and efficient alternative to biopsies for early detection and personalized treatment of liver disease.
Its dedicated Liver Centre, supported by a multidisciplinary specialist team, sets national benchmarks in diagnosis and management. The centre has further expanded services by launching the private sector’s first pediatric liver unit. By partnering with medical professionals and investing in cutting-edge innovation, Hemas Hospital Wattala is committed to raising national standards in gastroenterological care and improving patient outcomes.
Business
Dreamron aids disaster-hit beauty salons in recovery
Sri Lankan cosmetics firm Dreamron has launched a CSR project to help communities rebuild after natural disasters. It focuses on reviving damaged beauty salons with financial aid and providing essential supplies. Funded partly by staff forgoing their annual event, the initiative involves hands-on leadership participation. Chairman Dr. Priyanka Perera stated this supports the industry’s backbone, honoring partnerships built over 25 years. The project began in several regions and will expand island-wide.
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