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Browns Investments contributes more than 60 per cent to CSE turnover which hits Rs. 5.84 billion

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By Hiran H.Senewiratne 

Yesterday, CSE activities were positive and a few stocks, including Tokyo Cement, Royal Ceramic, Swisstek and Browns Investments witnessed considerable gains. Browns Investments contributed more than 60 percent to the turnover with its crossing and retail trading activities, stock market analysts said. CSE turnover stood at Rs. 5.84 billion.

It is said that Tokyo Cement’s  voting and non voting shares appreciated. Its voting shares moved up to Rs. 77.90 from Rs. 75.30, which was a Rs. 2.60 or 3,5 percent appreciation. Melstacorp shares moved up to Rs. 53.10 from Rs. 51.10. It was a Rs2 or four percent increase, Royal Ceramic shares moved up to Rs. 174 from Rs. 165.60, which was a Rs. 8.40 or five percent increase and Swisstek shares moved up to Rs. 101.50 from Rs. 91.60, which was a Rs. 9.90 or 11 percent increase.

 Amid those developments both indices moved upwards. All Share Price Index was up by 12.21 points and S and P SL20 up by 4.42 points. A single crossing was reported in Browns Investments, which crossed 740 million shares to the tune of Rs. 2.90 billion and its shares traded at Rs. 4.

In the retail market, top five companies that mainly contributed to the turnover were; Browns Investments Rs. 541 million (137 million shares traded), Expolanka Rs. 376 million (13.4 million shares traded), Tokyo Cement (Non Voting) Rs. 287 million (4.2 million shares traded), Tokyo Cement (Voting) Rs. 191 million (2.5 million shares traded) and JKH Rs. 182 million (1.2 million shares traded). During the day 939 million share volumes changed hands in 21811 transactions. 

Sri Lanka rupee was quoted weaker at 189.50/190.50 to the US dollar on Tuesday in the spot-next market while gilt yields remained unchanged in dull market trade, dealers said. The rupee was quoted at 188.80/10 to the US dollar on Monday against the US dollar.



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Hemas Consumer strengthens portfolio with L’Oréal partnership in Sri Lanka

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Hemas Consumer, the leading manufacturer and distributor in Sri Lanka’s beauty and personal care sector has strengthened its portfolio of offerings in a groundbreaking partnership with the world’s number one beauty company, L’Oréal. With this partnership Hemas Consumer obtains distributor rights to leverage its sales network and innovative marketing approaches in taking L’Oréal’s wide range of beauty and personal care brands across Sri Lanka.

Commenting on the new partnership, Sriyan de Silva Wijeyeratne, Managing Director, Hemas Consumer & Executive Director Hemas Group said, “We have spent over fifty years building successful and strong consumer brands in Sri Lanka. In keeping with our promise of consumer delight and trust, we are elated to partner a world-class cosmetics group like L’Oréal expanding our existing portfolio with the world’s most sought-after beauty and personal care products.

We are well equipped in our distribution process with island-wide sales channels to serve all parts of the country. I believe this partnership will revolutionize Sri Lanka’s beauty care industry and more prospects await as we continue to look ahead with L’Oréal.”

Sabrina Esufally, Director Business Development and Innovation at Hemas Consumer said, “This partnership will enable Sri Lankans to access the iconic brands and solutions created through years of research and innovation by L’Oréal. In the fast evolving and dynamic beauty industry, the combined strength of Hemas’s local heritage and penetration, and L’Oréal’s global technology and trust is the perfect recipe for consumer delight.”

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DFCC Bank supports industrial excellence by partnering CNCI Achiever Awards

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DFCC Bank PLC, stepped up once again for the 3rd consecutive year to partner with the Ceylon National Chamber of Industries (CNCI) as the principal sponsor and official banking partner of the CNCI Achiever Awards 2020.

The CNCI Achiever Awards was held for the 19th consecutive time to recognize the outstanding efforts of exceptional performers who have molded their respective industries with innovative solutions, while overcoming challenges and meeting the demands of their clientele. This year, the event was recently held under strict health guidelines at the Galadari Hotel in Colombo. 

Commenting on the sponsorship, Chief Executive Officer of DFCC Bank PLC Lakshman Silva stated, “We are pleased to have partnered with the Ceylon National Chamber of Industries (CNCI), as the Main Sponsor and Official Banking Partner of the 19th CNCI Achiever Awards 2020. DFCC is honored to partner in reconciling successful Sri Lankan businesses from various industrial sectors. Our partnership with this prestigious awards programme aligns seamlessly with our commitment to foster and reward industrial growth across the country and support local entrepreneurs in MSME & SME sectors.”

 

 

 

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Lanka SSL triumphs with National Gold and Top Ten Awards

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CNCI Achiever Awards 2020

Lanka Special Steel Limited (Lanka SSL), a trusted name in wires and a fully-owned subsidiary of E B Creasy & Company PLC, was recently awarded the coveted National Gold Award under the Extra Large category in the Manufacturing Sector at the Achiever Awards 2020 for Industrial Excellence.

The annual event organized by the Ceylon National Chamber of Industries (CNCI) was held in March 2021 at Colombo, and celebrated some of the leading industrialists in the country for their tremendous and continued efforts in uplifting and promoting quality standards, productivity, growth and strategy, R&D, employee welfare and others whilst contributing to both the society and economy at large.

‘We are immensely proud to have been recognized with two very prominent awards at this year’s CNCI Achiever Awards. It is a huge leap from just winning a Merit Award the last time around, and this incredible achievement certainly reflects our highly ambitious plans to strive for continued excellence. We would like to thank our valued customers and all stakeholders. We are grateful to our hardworking and committed staff at Lanka SSL who have made this possible,’ said Pravin De Silva, CEO of Lanka SSL.

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