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CSE indices dip; selling pressure rises

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By Hiran H.Senewiratne

CSE stocks fell  shortly after opening and bonds yields were steady yesterday  after several parts of Colombo were put under coronavirus curfews as health officials hunted Covid-19 contacts, dealers and brokers said.

During the morning session CSE activities were marginally down but later they witnessed a slight recovery but that recovery did not last long due to selling pressure on many investors in the wake of an increase in the number of infected persons in the country, stock market analysts said  

Both indices pointed downwards. The All Share Price Index was down by 99.61 points and the S and P SL20 declined by 39.54 points. The turnover stood at Rs. 1.01 billion with a single crossing. The crossing was reported from TJ Lanka, which crossed 1.65 million shares to the tune of Rs. 48.7 million and its shares traded at Rs. 29.60.

In the retail market top five contributing companies to the turnover were, Expolanka Rs. 183.9 million (9.5 million shares traded), Tokyo Cement (Non Voting) Rs. 82.5 million (1.71 million shares traded), Dip Products Rs. 46.9 million (154,000 shares traded), Tokyo Cement (Voting) Rs. 36 million (629,000 shares traded), JKH Rs. 53.2 million (257,000 shares traded). During the day 70.6 million share volumes changed hands in 16187 transactions. Further, due to low investor participation only 24 companies showed some stock appreciation and 162  companies’ share prices moved downwards.

The spot rupee was quoted at 184.30/35 to the US dollar in mid-morning trade Monday, from Friday’s closing of Rs. 184.20/3.A 2-year bond maturing on 15.12.2022 was quoted at 5.50/60 per cent on Monday, from 5.55/60 per cent Friday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.55/62 per cent from 5.58/68 percent.



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Cabraal briefs Chief Incumbents on Port City Project Commission Bill

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On the instructions of the President and the Prime Minister, State Minister of Finance Ajith Nivard Cabraal on April 19 visited the Asgiriya Chapter, the Malwathu Chapter and the Chief Prelates of the Amarapura and Ramanna Maha Nikayas and briefed them on the relevant draft commission bill on Port City Project.

Cabinet Minister Prasanna Ranatunga, Minister of State Lohan Ratwatte, Minister of State Kanaka Herath, MP Wasantha Yapa Bandara and MP Kokila Gunawardena were also present on the occasion.

 

 

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Growing importance of training for nurses taking care of patients with NCDs

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To keep pace with the rapid expansion and increasing complexity of elderly home healthcare, training needs of home healthcare nurses must be identified and subsequent training programs implemented. English Nursing Care conducts training sessions on a weekly basis covering a variety of care needs for Non-Communicable Diseases (NCD) such as diabetes. The World Health Organisation (WHO) record that NCDs are estimated to account for 75% of total deaths in Sri Lanka.

Furthermore, according to the Sri Lankan Ministry of Health “although people are living longer, they live more years suffering from disease and disability, mainly from NCDs; life expectancy at birth in Sri Lanka is 74.9 years but healthy life expectancy at birth is only 67.0 years.” This has a significant impact on quality of life.

English Nursing Care Sri Lanka works towards improving the quality of life of the elderly living with NCD’s by training nurses on the most advanced and developed methodologies brought through years of experience internationally and locally. Being responsible for the well-being of your loved ones is pivotal in the service they provide.

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SriLankan Airlines welcomes Indian delegation to Sri Lanka

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SriLankan Airlines in a bid to recommence Indian tourist arrivals to Sri Lanka under the proposed bio-bubble tourist arrival concept successfully completed a familiarization tour for Indian media and travel trade professionals recently. A delegation of tour operators, agents, and senior editors representing influential media institutions concluded a familiarization tour in Sri Lanka.

The delegation spent six nights and seven days touring the country while being subjected to mandatory PCR testing and other health guidelines imposed by the Ministry of Health. Upon arriving in Sri Lanka, the delegation toured the most sought-after local tourist sites including Dambulla, Kandy, Nuwara Eliya, and Bentota. The tour was initiated by SriLankan Holidays and the ground arrangements for the tour were handled by Jetwing Travels, Aitken Spence, Sri Lanka Convention Bureau (SLCB), and Hamoos Travels.

The main purpose of their participation in this fam tour was to restore confidence in visiting Sri Lanka, especially among the Indian tourists to provide them in-depth knowledge on how the country’s tourism industry operates under the bio-bubble concept. Apart from visiting various places, they experienced the stringent health and safety protocols adopted by the country in resuming tourism under the “bio-bubble” concept allowing tourists to roam around without mixing with the local population.

During their stay here, the delegation was hosted for a virtual meet-and-greet with SriLankan Airlines Chairman Ashok Pathirage, Chief Executive Officer Vipula Gunathilleka, and Head of Worldwide Sales & Distribution Dimuthu Tennakoon. The discussion focused on the airline’s operations to India, vaccination and quarantine travel arrangements between the two countries, current safety measures, and guidelines pertaining to the bio-bubble concept. They lauded the effort taken by officials to make their trip a memorable one.

The Indian delegation was highly impressed with the opportunities they were given to travel and explore the country and its exclusive holiday prospects for the enthusiastic traveller. This fam tour was a manifestation of the immense potential of Sri Lanka as a post-covid travel destination enticing the Indian traveller.

 

 

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