By Hiran H.Senewiratne
The CSE gathered more momentum yesterday with over Rs. 3 billion turnover yet again and both indices rose in what some brokers hail as ‘Super September’, stock market analysts said.
The market was strong and steady and was driven by mainly retail investors. The banking sector appeared to be more attractive which was dull for a couple of weeks. It was witnessed that banking stocks appreciated by more than Rs. 4 or more and this gave a big boost to the S and P SL20 index which rose by three percent. All Share Price Index was up by 81.44 points and S and P SL20 rose 77.92 points.
Along with the Rs. 3.4 billion turnover one crossing took place, which was reported from Melstacorp. It is said that 893,000 shares belonging to Melstacorp crossed to the tune of Rs. 31.2 million and its share price traded at Rs. 35.
In the retail market top five companies that mainly contributed to the day’s turnover were; Hayleys Fabrics Rs. 271 million (12.9 million shares traded), Tokyo Cement (Non Voting) Rs. 270 million (six million shares traded), Tokyo Cement (Voting) Rs. 254 million (4.7 million shares traded), Melstacorp Rs. 200.7 million (5.8 million shares traded) and Commercial Bank Rs. 174 million (2.2 million shares traded). During the day, 146 million share volumes changed hands in 27512 transactions.
There was a 17 percent unusual price appreciation witnessed in Hayleys Fabrics during the day. According to stock brokers there was no reason for the price appreciation for Hayleys Fabrics, which started trading at Rs. 18.90 and at the end of the day it moved up to Rs. 22.10.
High net worth and institutional investor participation was noted in Hatton National Bank, Ceylon Cold Stores, Melstacorp and John Keells Holdings. Mixed interest was observed in Expolanka Holdings, Tokyo Cement Company and ACL Cables, while retail interest was noted in Lanka IOC, Hayleys Fabrics and Renuka Agri Foods.
Turnover increased by 10.2 percent relative to the previous day, while the crossings amounted to 15.0 percent of the day’s total turnover.
Seylan Bank offers amazing discounts for Avurudu
With Avurudu just around the corner, Seylan Bank PLC is offering amazing discounts to customers purchasing daily essentials, electronics, clothing, gifts, and more. The bank with a heart will celebrate the New Year with “Ratatama Super, Avurudu Offers with Seylan Cards” and “Seylan Tikiri – Season of Gifts and Laughter”.
The bank with a heart, commenced these exciting offers and promotions to provide the best Avurudu experience to its customers young and old, and to reward them for their continued loyalty to the bank, in the spirit of festivity.
“At Seylan Bank, we want to make your Avurudu an unforgettable experience,” said Gamika De Silva, Assistant General Manager, Marketing and Sales at Seylan Bank. “These two promotions underscore our customer-centric approach which focuses on providing products and services that enhance the overall customer experience and convenience, adding value to your experience with the Bank with a Heart.”
The Bank has partnered with leading supermarket chains on selected promotions; with Keells offering 30% off on fresh meat during the weekends, Cargills providing 20% off on total bills during selected weekends, Glomark offering 20% off on the total bill on every Sunday for a limited time, Laugfs Super providing 20% off on a range of goods on every Monday for a limited time, and Premasiri Supermarket offering 20% off on vegetables & 10% off on fruits on every Wednesday & Thursday during the promotion period.
SLIM elects new president and EXCO at 51st AGM
The Sri Lanka Institute of Marketing (SLIM) held its 51st AGM, which saw the induction of its new President Thilanka Abeywardena, who will spearhead the Institute as its 43rd president. This appointment is a milestone in the history of the Institute as Ms. Abeywardena became the first ever female to hold the position of President.
The AGM was held on 7th April, 2021 at Marino Beach Hotel, Colombo. Both a new Council of Management as well as an Executive Committee were appointed during the meeting.
Thilanka currently holds the position of the CMO Lead, South East Asia Emerging Markets at Microsoft Sri Lanka (Pvt) Ltd. and leads marketing and communications across nine Asian countries; Bangladesh, Bhutan, Brunei, Cambodia, Laos, the Maldives, Myanmar, Nepal and Sri Lanka.
The newly appointed Executive Committee comprises ten experienced marketing professionals:
SLIM is the apex body for Marketing in Sri Lanka and has been promoting marketing excellence and elevating the status of marketing since 1970.
OPPO launches Avurudu song to spread seasonal cheer
OPPO recently launched an Avurudu jingle ahead of the Sinhalese & Tamil New year. Sung by OPPO brand ambassador & The Voice coach Umaria Sinhawamsa, the song also features popular personalities including actor& singer Gayan Gunawardena and choreographer Ramod Malaka& his dance troupe, Cool Steps.
The visual for the song has been shot in a scenic village atmosphere & features a host of New Year traditions of great cultural significance. The video also features the newly launched fan-favorite OPPO F19 Pro which is on offer during the season. On the first day of sales alone, the F19 Pro recorded a 200% increase in sales compared to its predecessor F17 Pro.
CEO of OPPO Sri Lanka Bob Li said: “This project helped us to immerse into Sri Lankan culture better. In keeping with the spirit of the season, evolving & upgrading, OPPO has launched two concurrent promotions: ERABADU WASI from 2-13 April & OPPO SERVICE WASI from 5 – 18 April.”
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