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CSE on the rebound as ASPI records highest single day points

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By Hiran H.Senewiratne 

CSE activities were on the rebound yesterday following losses that had occurred during the last two days. Exceptional quarterly performances by Vallibel One and Royal Ceramic contributed to both indices improving, stock market analysts said.

Further, a  psychological boost was also received by stock market investors following a meeting of stockbroker firms’ CEOs with   SEC and CSE officials recently.

It is said that candid views were expressed between the parties and the stockbrokers expressed their views with regard to the information that was being called for by the circular issued by the CSE.     

Amid those developments, both indices were positive, The All Share Price Index registered the highest single day points in history with 387.19 points, the  Index closing at 7585.00 and the All Share Price Index went up by 155.24 points. Both indices increased by 5 percent.

Those crossings were reported in Sunshine Holdings which crossed 6 million shares to the tune of Rs. 480 million, its shares traded at Rs. 80 and Hemas Holdings one million shares crossed for Rs. 90 million, its shares traded at Rs. 90.

In the retail market top five contributing companies to the turnover were, Royal Ceramic Rs. 620 million (1.9 million shares traded), Vallibel One Rs. 536 million (8.6 million shares traded), Expolanka Rs. 501 million (9.85 million shares traded), LOLC Rs. 494 million (1.2 million shares traded) and Browns Investments Rs. 362 million (61.6 million shares traded). During the day  185 million share volumes changed hands in 35880 transactions.      

Sri Lanka rupee was quoted around 193.50/194.00 levels in the spot market on Friday, while bond yields edged up on higher sales, dealers said. The rupee last closed in one-week forward market at 194.00/194.50 levels on Thursday. In the secondary market bond yields gained on selling pressure, but there were low levels of activity and the market remained inactive, dealers said.



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Business

Dialog rewards winners of Govi Mithuru Nidanaya Competition

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Winners of the first phase of the island-wide Govi Mithuru Nidanaya competition being presented with their prizes from Dialog Axiata PLC

As part of the well-established revolutionary agri-tech service ‘Govi Mithuru’, Dialog Axiata PLC (“Dialog”), Sri Lanka’s premier connectivity provider, generously rewarded subscribers of the Govi Mithuru service in the island wide ‘Govi Mithuru Nidanaya Competition’.

The year-long ‘Govi Mithuru Nidanaya Competition’ rewards urban and rural farming communities with grand prizes and aims at uplifting their economies and livelihood. The first phase saw a grand prize of gold coins gifted to 35 lucky winners along with admission to an agriculture training programme conducted by the Department of Agriculture, and 24 runners-up were awarded sewing machines. The on-going second phase will also see similar prizes worth 30 lakhs being disturbed to participants, including a grand prize of a Honda Dio Bike and admission to the Department of Agriculture’s training programme to 35 lucky winners. 60 runners-up will be rewarded with mobile phones. Both phase one and two will also award a consolation prize of Rs. 500 to the 10,000 draw entrants.

Sri Lanka’s primary mobile agricultural information service, Govi Mithuru has registered over 600,000 users and helps maximize crop security and yield for farmers across the island. Under the patronage of the Department of Agriculture, the Govi Mithuru voice service enabled farmers and users in the country to receive direct access to professional guidance in the sector. Offering advice on 25 crop groups, including Home Gardening, the service is accessible to anyone using a basic feature phone.

A one-stop hub of updated, timely information, the Govi Mithuru mobile app is an extension of the original service, designed to deliver tailored formats of information according to the user’s requirements. Customers are charged Rs. 1 (plus tax) per crop per day for the voice service, and Rs. 2 (plus tax) subscription per day for unlimited access to all crops for the mobile app, with no cost on data charges for Dialog Mobile users. The Govi Mithuru app can be downloaded directly via the Google Play Store and voice service can be accessed by dialling 616.

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Odel.lk champions Soundarie David Rodrigo

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Acclaimed Sri Lankan pianist and music director Soundarie David Rodrigo

In celebration of Women’s Day 2021, Sri Lanka’s largest online fashion retailer Odel.lk partners with widely-acclaimed Sri Lankan pianist and music director Soundarie David Rodrigo in the launch of her first main stream music video in both English and Sinhala languages – a first in the country.

This is the first of Odel.lk’s collaborations, as part of a powerful initiative named ‘Composed by Odel.lk’ that aims to bolster the careers of female artistes in Sri Lanka who are breaking boundaries and leading the way forward in the country’s music arena.

“We are deeply honoured to partner with Soundarie as she forays into the world of mainstream music, after years of being in the forefront of the Sri Lankan western classical music industry and having fostered much young talent herself. This is nothing but a promisingly positive beginning to the ‘Composed by Odel.lk’ initiative to empower female artistes in the country who are shaking up the status quo and pushing the boundaries of Sri Lankan music. While Odel.lk already offers everything possible to make women feel beautiful on the outside, we will continue to evolve and invest in this mission to empower our country’s female force from within by joining in their creative journeys. To be able to launch this platform on a day as significant as International Women’s Day 2021 is a cherry on top,” commented Softlogic Holdings PLC Group Marketing Director Desiree Karunaratne.

‘Complicated’ or ‘Mulawe Maya’ is Soundarie’s latest musical masterpiece, one that makes the history books as the first in the country to be released simultaneously in both English and Sinhala. With lyrics and melody penned by Soundarie in English and transcribed into Sinhala by Shehan Galahitiyawa, the two songs are brought to life with the fine voices of accomplished young, Sri Lankan musical talent Shehara Liyanage and Hirushi Jayasena. The breathtaking melody hums the complexities of human emotion, with a powerful lyrical body which beautifully narrates a woman torn between memories of the past and the reality of the present.

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Acorn Group empowers women at work

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Acorn Group which encompasses a multitude of leading international brands in the Aviation and Travel industry takes pride in the leading role played by its female employees across its businesses. There is no better occasion than International Women’s Day to highlight how women make an impactful contribution to the businesses of Acorn. Women make up close to 44% of the Group’s workforce and have been an integral part of the organization.

 Malinga Arsakularatne, CEO of Acorn Group said: “The Acorn family is committed to providing equal opportunities at the workplace, across all businesses of the organization. The past year is a testimony to the immense contribution made by the women in the Group as we faced many challenges due to the ongoing global pandemic. We take pride in the accomplishments and achievements of our female colleagues, and applaud their significant contribution to the growth and success of the Group.”  

“Creating a work environment which is conducive to women requires flexibility and workspace ethics which can be fine-tuned to cater to the demands of everyday life. We takes pride in being one of the few organizations that not only affords an extended period of maternity leave but has made provision for paternity leave to ensure inclusivity across the board.”

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