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ASPI ends sharply higher amid healthy turnover levels

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Vallibel Finance share price settles well after reaching intraday high

By Hiran H.Senewiratne

Stock trading at the Colombo Stock Exchange (CSE) was positive yesterday while the leading financial sector institute Vallibel Finance recorded the highest intraday share price hike which remained for a short period following its announcement the previous day on the sub-division of its shares, stock market analysts said.

Under this move, one existing share would be subdivided into four shares subject to necessary approvals. In this context, its share price appreciated by two percent or Rs 40. Its share price started trading at Rs 162.50 and shot upto Rs 184.50, which however, settled at Rs 166.50 towards the end of the day, stock market analysts said.

Meanwhile, Tokyo Cement non voting and voting share price moved up significantly. The non voting share price appreciated by 8 percent or Rs 4.90. Its share price traded at Rs 62.90 and at the end of the day it moved to Rs 67.90; the voting share price appreciated by six percent or Rs 4. Its share price traded at Rs 69.90 and at the end of the day it shot up to Rs 73.70.

Amid those developments both indices moved upwards. All Share Price Index up by 79.65 points and S&P SL20 up by 35.7 points. Turnover stood at Rs 2.83 million with a single crossing. The crossing took place in Commercial Bank, which crossed 1.8 million shares to the tune of Rs 160 million and its share price traded at Rs 90.

In the retail market top five companies that mainly contributed to the turnover were LOLC Rs 246 million (684,000 shares traded), Vallible Finance Rs 203 million (1.2 million shares traded), CIC (Non Voting) Rs 153 million (3.5 million shares traded), Tokyo Cement (Non Voting) Rs 145.3 million (2.2 million shares traded) and Royal Ceramic Rs 127.9 million ( 3.3 million shares traded). During the day 82.1 million share volume changed hands in 29635 share transactions.



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SL youth eligible for employment in Korea, to get the opportunity shortly

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The Korean Ambassador to Sri Lanka Woonjin Jeong assured the Foreign Minister that the facilities required for the Sri Lankan youth who are eligible for employment in Korea to travel to Korea will be provided shortly. He was speaking at a discussion on the delays faced by young people who are eligible for jobs in Korea, chaired by the Foreign Minister Dinesh Gunawardena at the Foreign Ministry on 16 June, 2021. State Minister of Foreign Employment Promotion and Market Diversification Priyankara Jayaratne, Secretary to the State Minister of Foreign Employment Promotion and Market Diversification Suntharam Arumainayaham, Chairman Kamal Ratwatte, Director Nimal Thibbatumunuwa and Deputy General Manager Mangala Randeniya of the Foreign Employment Bureau were also participated in the discussion.

The Foreign Minister pointed out that those who have qualified for jobs in Korea have been expecting to leave for jobs in Korea for a long time; however it has been avoided day by day due to the COVID pandemic. The Minister also pointed out that they are under severe mental stress due to this.

The Korean Ambassador to Sri Lanka explained the position of the Korean Government and stated that it has been planned to provide employment opportunities in Korea to all those who are eligible for employment in Korea. He said there is a delay in providing those opportunities due to the COVID pandemic; however assured that he is focussed on sending them to Korea at the earliest available opportunity.

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Sterilizer device launched in Sri Lanka

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At a time when the Covid-19 epidemic is spreading around the world, you will no doubt be happy to hear that those invisible germs that collect in such a closed environment can now be destroyed by a small device called STERIONIZER introduced to Sri Lanka by ABC Trade & Investments.

This small device has made life easy for many as you can clean your home or any other place (specially closed environment) by plug-in the STERIONIZER.  

STERIONIZER system keeps air ducts, air heat exchangers and machinery clean and supplies sanitized air in enclosed areas and each ionizing device is completely maintenance free and connected to a data-bus for supervision and monitoring.

STERIONIZER is priced at Rs. 35,000. Phone 070 3 525 525 or 070 1 853 529 for more information.

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Indian assistance to implement solar power project

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It is expected to provide financial benefit to low-income households

 

Measures have been taken to increase the contribution by renewable energy sources to the national power grid by enhancing solar power generation as per the National Policy Framework.A key plan of the Government is to generate solar power by obtaining the contribution of state-owned buildings, places of worship and houses of the low-income families.

It is expected to provide financial benefit to low-income households and to curtail the expenses incurred by the state institutions for electricity, from the project. Steps will also be taken to provide facilities to store solar energy in batteries for the low-income families that are unable to access the national power grid.

The project also includes generating power by installing floating solar panels as a solution to land scarcity. Under the first phase of this, plans have been initiated to generate electricity required for the Parliament centering the Diyawanna Lake as a model project.The Government of India, one of the main stakeholders of Sri Lanka for this project, has entered into a bilateral loan agreement by agreeing to grant a Line of Credit amounting to US$ 100 million through the Export Import Bank of India.The agreement for the Line of Credit signed by the Sri Lankan Government and the Export Import Bank of India was exchanged between Finance Secretary S. R. Attygalle and Indian High Commissioner Gopal Baglay in the presence of President Gotabaya Rajapaksa and State Minister Duminda Dissanayake at the Presidential Secretariat recently.

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