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CSE bounces back; manufacturing sector stocks proving attractive for investors

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By Hiran H.Senewiratne

The CSE bounced back yesterday, following its biggest fall in two months by the market heavyweight Commercial Leasing and Finance (CLC) on the previous day, with a very healthy record- breaking turnover level.

The main reason for the stock market to become so attractive, is that many investors believe that it is more profitable to invest in stocks rather than invest in government securities and fixed deposits due to the low interest regime.

Further, net foreign outflows amounted to Rs 46.8 billion to date.

Another reason for the stock market to be profitable is because import restrictions by the Central Bank have created the demand for certain products, such as, locally manufactured tiles and ceramic products. Their prices have gone up. Dollar earning companies in the stock market have also performed exceptionally well during the last few months, market analysts said.

Amid those developments the market was positive and showed an upwards trend due to Ex-Pack Corrugated Cartons Ltd.’s shares heavily trading on the first day itself following its IPO. Its listing price was Rs 8.40 and at the end of the day its share price shot up to Rs 17.60, which was a 109 percent or Rs 9.20 gain. Both indices moved upwards. All Share Price Index up by 192 points and S and P SL20 went up by 32.8 points.

Turnover stood at Rs 5.7 billion with two crossings. Those two crossings were reported in JKH, which crossed 610,000 shares to the tune of Rs 89.6 million and its shares traded at Rs 147 and HNB 300,000 shares crossed for Rs 51 million, its shares traded at Rs 170.

In the retail market top six companies that mainly contributed to the turnover were; Ex-Pack Corrugated Cartons Ltd Rs 1.3 billion (75.8 million shares traded), LOLC Finance Rs 816 million (39.8 million shares traded), RIL Properties Rs 400 million (30 million shares traded), Shaw-Wallace Investments Rs 316 million (32.8 million shares traded), Browns Investments Rs 316 million (27.5 million shares traded). During the day 363 million share volumes changed hands in 56000 transactions.

During the day notable buying interest was noted in Shaw-Wallace Investments. Its share price appreciated by 25 percent or Rs 2. Its share price shot up to Rs 10.10 from Rs 8.10. Pan Asian Power share price also appreciated by 21 percent or Rs one. Its shares started trading at Rs 4.70 and at the end of the day they moved up to Rs 5.70.

It said high net worth and institutional investor participation was noted in Access Engineering, Vallibel One and JKH. Mixed interest was observed in R I L Property, Expolanka Holdings and LOLC Holdings, while retail interest was noted in Browns Investments, Lanka Orix Finance and Pan Asian Power.

Separately, Lion Brewery and Lotus Hydro Power announced their interim dividends of Rs. 3.68 and Rs. 1 per share respectively. Yesterday, the US dollar rate was quoted at Rs 202.38, which was the Central Bank’s controlled price to prevent escalation of the prices of essential items.



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Dialog Enterprise with Fortinet strengthens the security of its Managed SD-WAN Service for Sri Lankan Enterprises

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Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, announced the strengthening of its Flexnet managed SD-WAN service leveraging the Secure SD-WAN solution from Fortinet, a global leader in cybersecurity with broad and integrated solutions.

Dialog Enterprise pioneered the Sri Lanka’s first Managed SD-WAN service with the release of its Flexnet offering since September 2019. Two years after, most modern organisations are embracing digital acceleration, driving demand for greater agility in networks in order to stay competitive and deliver superior customer experiences. With the scale and variety of cyber threats continuing to grow, Dialog Enterprise enhances its Flexnet service with the Fortinet Secure SD-WAN. Fortinet Secure SD-WAN accelerates network and security convergence, aims at simplifying WAN architecture, and securing work-from-anywhere new normality with embedded ZTNA (zero-trust network access) Access Proxy for explicit per-user application access controls. It delivers integrated security and safer access to internal and external data and applications wherever they are residing, on-premises, or in the cloud.

By integrating Fortinet Secure SD-WAN solution to its Flexnet managed SD-WAN service, Dialog Enterprise will enable its customers the ability to cost-effectively eliminate security gaps in their network while gaining the benefits of advanced routing and self-healing WAN capabilities to ensure superior quality of experience for their users, and an increased business uptime. Additionally, an improved connectivity and user experience can be achieved through an integrated security by prioritizing network traffic and reduced latency. As well as the benefit of an integrated security by prioritizing network traffic is achieved by offering, unified thread management, SSL inspection and proactive security threat prevention.

“With the recent shift to remote working, cloud adaptation and SaaS usage accelerating SD-WAN adoption with organizations, many of our customers in the government, finance, retail, services and manufacturing industries will benefit from Dialog Enterprise’s Managed SD-WAN based on the Fortinet Secure SD-WAN solution. It provides us with an integrated, one-stop management and orchestration console to ensure that connections, configurations, advanced routing features and protections are easily configurable. Being the only Fortinet Managed Security Service Provider in Sri Lanka, we have already been able to provide Secure SDWAN solutions with Fortinet in over 1000 locations across the island.” said Navin Pieris, Group Chief Officer – Dialog Enterprise at Dialog Axiata PLC.

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SLT-MOBITEL completes first phase of Amazon Alexa integrations for Home Broadband customers offering exciting digital lifestyles

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The first phase of fully integrating Amazon Alexa for SLT-MOBITEL Home Broadband customers was successfully concluded recently. Now customers can seek help from Amazon’s virtual smart assistant Alexa and obtain a range of information on SLT-MOBITEL services such as Voice, Broadband, PEO TV services etc. ensuring subscribers experience exciting new intelligent built digital lifestyles.

Pictured Dilshan Boteju, Chief Executive Officer of The Connection Workshop, handing over the report on the concluded project to Prabhath Dahanayake, Chief Marketing Officer SLT. Also present were Lathika Weerasinghe, Administrative Coordinator, Anup Silva, Lead Developer Alexa program of The Connection Workshop, Ayoma Wickramaarachchi, Deputy General Manager, Product Development & Management of SLT, Ruwan Rekogama, Engineer-Product Development & Management of SLT.

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Loops wins big at SLIM DIGIS

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Award-winning creative-led integrated marketing agency, Loops Integrated, received 6 recognitions, including a Gold, at the SLIM DIGIS Awards, held on the 25th of January 2022. Loops Integrated received the only Gold DIGI in the Banking and Finance category for Softlogic Invest’s “This Could Be You” campaign, a Silver DIGI in the Performance Marketing category for British Council’s IELTS programme, and another Silver DIGI in the Best Use of Branded Content category for Sri Lankan Airlines. In addition to these three prestigious awards, Loops Integrated also received 3 finalist awards for the Banking & Finance, Performance Marketing and Best Use of Branded Content categories.

Discussing the awards, CEO at Loops, Wasaam Ismail said, “We work with our clients as partners, therefore it’s important to say a big thank you to them for having faith in us and letting us take their campaigns to town. Putting together creative-led campaigns amidst working from home during periodic lockdowns is nothing short of a herculean undertaking, which would not have been possible without our stellar team. Therefore, I must also acknowledge and appreciate our exceptionally talented, committed, dedicated and mind-blowingly fun team here at Loops, without whom none of this would be possible. A big thank you also to SLIM for ensuring that digital marketers in Sri Lanka have a national platform upon which to be recognized.”

The SLIM DIGIS awards is organized by the Sri Lanka Institute of Marketing (SLIM) and recognizes and celebrates Sri Lanka’s best digital marketing work, innovation and talent. SLIM is the national body for marketing in Sri Lanka and the SLIM DIGIS is among Sri Lanka’s most prestigious awards programmes that recognize innovation and budding talent in the digital marketing space.

Loops is an award-winning Creative Led Integrated Marketing Agency with operations in Sri Lanka, Qatar, Malaysia & Australia. The agency has worked with over 250 brands in 15 countries and has over 50 awards for its efforts in creative and digital excellence, awarded by both international and local bodies. Visit www.loops.lk to learn more.

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