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Hayleys Group drives bullish market

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By Hiran H.Senewiratne 

CSE activities were positive and bullish  throughout the day and they were mainly  driven by the Hayleys Group headed by Dhammika Perera, which saw a subdivision of all 14 listed Hayleys companies’ shares to enhance the Group’s market capitalisation, stock market analysts said.  

It is said that Hayleys share prices appreciated by 32 percent or  Rs. 187.50. Its shares started trading at Rs. 577.50 and at the end of the day they moved to Rs. 764. Dipped Products’ shares moved up by 31 percent or Rs. 138. Its shares started trading at Rs. 441 and at the end of the day they moved up to Rs. 579. This sub division would not increase the stated capital of any company, but would increase the liquidity of the shares as the number of existing shares increases. Confirming this, all these companies recorded huge price increases yesterday.

LOLC share prices appreciated by 24 percent or Rs. 56. Its shares started trading at Rs. 232 and at the end of the day they moved to Rs. 282.

Amid those developments both indices moved upwards. All Share Price Index went up by 246.60 points and S and P SL20 went up by 100.38 points. It is said that the All Share Price Index surpassed 8000 points for the first time in history, which closed at 8.184 points at the end of trading. Meanwhile, the S&P SL20 index, which includes the 20 largest and most liquid stocks also increased by 100.38 points (3.24%) to close at 3,196.73.

Turnover stood at Rs. 14.2 billion with ten crossings. Those crossings were reported in Sampath Bank, which crossed 3.1 million shares to the tune of Rs. 526 million and its shares traded at Rs. 170, HNB (Non Voting) 1.4 million shares crossed for Rs. 172 million its shares traded at Rs. 118, Dipped Products 292,000 shares crossed for Rs. 160.7 million and its shares traded at Rs. 550, CIC two million shares crossed for Rs. 137 million, its shares traded at Rs. 68. Meanwhile, DFCC’s 825,000 shares crossed for Rs. 61 million, its shares trading at Rs. 74, JKH 300,000 shares crossed for Rs. 35 million, its shares traded at Rs. 160, Aitken Spence 500,000 shares crossed for Rs. 35 million, its shares fetching Rs. 70, Tokyo (Non Voting) 3.56 million shares crossed for Rs. 27.3 million, its shares traded at Rs. 76.80, HNB Assurance 400,000 shares crossed for Rs. 24 million, its shares traded at Rs. 60 and Vallibel One 420,000 shares crossed for Rs. 20 million, its shares trading at Rs. 48.

In the retail market top five contributors to the turnover were, Dipped Products Rs. 1.8 billion (3.2 million shares traded), Hayleys Rs. 1.3 billion (1.8 million shares traded), Vallibel One Rs. 856 million (15.3 million shares traded), LOLC Rs. 797 million (three million shares traded) and JKH Rs.0.7 million (3.7 million shares traded). During the day 377.7 million share volumes changed hands in 66574 transactions.

Sri Lanka’s rupee was quoted around 197.50/198.50 to the US dollar in the one-month forwards market on Thursday while bond yields were steady, dealers said. Rupee last closed around 196.00/198.00 in the spot-next market on Wednesday against the greenback. The Central Bank’s indicative spot rate was 194.7980 on January 19, up from 193.6458.



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Dialog Axiata revolutionizes digital payment acceptance for small business owners

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eZ Cash, Sri Lanka’s Largest Mobile Money platform has enabled instant access for small businesses to accept contactless and remote payments using LANKAQR. With the Central Bank of Sri Lanka led initiative to digitize small value payments in Sri Lanka through an inter-operable, standardized LANKAQR, Dialog Axiata PLC (“Dialog”) is committed to empowering the nation with simple, easy solutions which add value to small businesses who are now able to self register for this service through their mobile phones.

Small business and self employed persons such as retailers, street vendors, three wheelers etc. with a Dialog mobile number can now download the eZ Cash app and use a simple registration process to sign-up for an eZ Cash Classic Wallet at no additional cost. On using the “MyQR” feature via the eZ Cash app, they can start accepting payments from their customers using their unique LANKAQR code. Payments can be accepted from any mobile banking app or payment wallet in the country which has enabled LANKAQR transactions, and proceeds will be received instantly to their wallet. Transactions using the LANKAQR payment network will be charged a nominal fee of 0.5% of the transaction value. Businesses are able to withdraw cash from the wallet at over 20,000 eZ Cash retailers located island wide or at any commercial bank ATM. Proceeds from the wallet can be used to settle over 100 utility or institutional payments to companies such as CEB, LECO, the Water Board, SLIC, AIA, Ceylinco Insurance, HNB Finance, CDB, AMW Finance etc. eZ Cash Wallet holders can also send money to an eZ Cash Wallet or pay for good and services at any retailer in the country which has enabled LANKAQR payment acceptance.

The revolutionary MyQR solution can also be used by online businesses to accept payments by posting a saved image of their LANKAQR code on their website or Facebook page. Businesses can also accept remote payments from their customers by forwarding their saved LANKAQR code via email and WhatsAapp so that customers can scan the image of the LANKAQR code and make payments through their bank’s mobile payment app which has enabled LANKAQR. Payments to the value of Rs. 10,000 per day can be accepted into an eZ Cash Classic Wallet while payments in excess of this value and up to Rs. 50,000 per day can be enabled through an eZ Cash Power Wallet. Customers can enhance their Classic eZ Cash Wallet to a Power Wallet by visiting any Dialog Customer Experience Centre or Service Centre.

 

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Latest model of OPPO F- Series tipped to launch in March

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It is learnt that OPPO is set to unveil the latest addition to their range – the F19 Series in early March 2021. A rectangular camera module with four lenses, LED flash, and AI support adorns the rear design of the F19 Pro while a smart band which may get launched simultaneously – is seen alongside, in a post revealing the series.

OPPO F19 Pro looks quite elegant its design & features a button on the right side which is believed to be the power on/off button. As per the poster image, there is no physical fingerprint sensor at the back panel, which suggests the phone might come with an in-display fingerprint sensor.

While OPPO might be working on the low-light camera performance, it is also suggested that it will have features like AI Colour Portrait Video, and Dual-View Video, which allow recording videos from both front and rear cameras.

Wrapped in Ultra Slim Body, the device is tipped to come in at least two shades.

The OPPO Smart Band could also be expected in Sri Lanka alongside the launch of the new F19 Series, similar to the OPPO watch which was released with OPPO F17 Pro. The Smart Band is said to handle message notifications which will include incoming call notification & call rejection, apart from having whole host of other features. Both products are expected to be in stores from mid- March 2021.

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Hirdaramani takes bold new steps in transparency

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The Hirdaramani Group has yet again taken bold strides towards energy accountability by being the first in Sri Lanka to receive International Renewable Energy Certificates (I-RECs) for its energy usage. With this robust tracking standard, the group hopes to add new layers of accountability and credibility to its operations, living up to the commitments outlined in the company’s own sustainability vision.

As Energy Attribute Certificates (EACs), I-RECs serve to increase transparency in the energy sector and provide clarity about the use of renewable electricity among end-consumers. The I-REC Standard (www.irecstandard.org) ensures that issued certificates comply with major international sustainability and carbon accountability standards and adhere to stakeholder expectations of industry best practice for the avoidance of double counting, double certificate issuance and double attribute claiming. The system also helps individual companies seeking to improve their environmental credentials, while raising awareness among consumers and industry players.

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