By Hiran H.Senewiratne
CSE trading started on a positive note and the momentum continued until the end of the day with the index weighted companies showing considerable gains in the market despite yesterday’s unruly situation in the Galle Face area, stock market analysts said.
Several leading index-weighted entities, including LOLC Holdings, Expolanka Holdings, Browns Investments and several other companies registered significant gains yesterday. Amid those developments both indices moved upwards. The All- Share Price Index went up by 89.1 points and S and P SL20 rose by 35.5 points. Turnover stood at Rs 981 million without any crossings.
In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 367 million (2.2 million shares traded), Browns Investments Rs 101 million (17 million shares traded), Commercial Bank Rs 98.8 million (1.9 million shares traded), LOLC Finance Rs 54 million (8.5 million shares traded), Royal Ceramic Rs 39.5 million (1.3 million shares traded), Lanka IOC Rs 38.7 million (1.1 million shares traded) and LOLC Holdings Rs 33.3 million (730,000 shares traded). During the day 47.7 million share volumes changed hands in 11,000 transactions.
Sri Lanka’s commercial banks quoted Rs 375 to the dollar for telegraphic transactions yesterday, while only a handful of maturities were quoted in the secondary, participants said.
The Central Bank’s indicative spot was quoted at Rs 364.76 against the US dollar, down from Rs 358.5 against the US dollar on Friday.
The Central Bank was quoting the dollar TT rate on Monday at Rs 361.7/374.9 against the US dollar, almost close to the commercial bank rates. The kerb market ended the week at around Rs 397/400 to the US dollar on May 07.
Wing Commander (Retd.) D. Pradeep S. Kannangara elected president, Industrial Security Foundation
The Industrial Security Foundation (ISF) which acts as the sole organization in Sri Lanka to represent the Private Security industry having incorporated by an Act passed in the Parliament, Act No. 51 of 1999, elected Wing Commander (Retd.) Pradeep Kannangara as its President for the years 2022/2023 at its 30th annual General Meeting which was held at the PIM Auditorium in Borella. Wing Commander Pradeep Kannangara was appointed President while 14 other members were appointed to the Executive Committee, strengthening the ISF in order to drive and uplift the standards of the private security industry in Sri Lanka.
He has served on the ExCo consecutively since 2012 under four different presidents where he held the positions of Senior Vice President during the last three consecutive years. He has also been a committed member of the ISF and was awarded prestigious coveted FISF title due to his many valuable contributions to the organization and the Private Security Industry in Sri Lanka in 2012.
Wing Commander Kannangara’s journey into private security began after a successful career in the Sri Lanka Air Force for over 24 years where he served in many capacities finally being the Officer Commanding of the Special Air Borne Force. A recipient of the Ranasura Padakkama (RSP) Gallantry award for his bravery, sacrifices and service to the nation by the President of the Socialist Republic of Sri Lanka in 1990. He holds a Master’s in business management from the Edith Cowan University, Perth, Australia too and serves as a Board Director in AB Securitas (Private) Limited in Sri Lanka and AB Securitas Bangladesh Limited.
Kitchen & Bedroom reaffirms its partnership with Häfele Sri Lanka
Kitchen & Bedroom, a name synonymous in the interior designing and furniture sector in the country recently celebrated its long-standing partnership with Häfele Sri Lanka during the latter’s 12th year anniversary celebratory event, reaffirming its ambitious plans to further strengthen and explore the numerous opportunities available here.
Häfele Sri Lanka, part of Häfele India which is a wholly owned subsidiary of the Hafele Global network, is a technology partner for various projects and initiatives of Kitchen & Bedroom. Both the companies operate in the interior design space, sharing their cumulative knowledge and expertise to provide extensive and personalized solutions catering to domestic requirements.
‘We take great pride in our association with Häfele Sri Lanka having exchanged and collaborated on many projects both commercial and household. We share similar values such as providing high quality, sustainable, functional and customized solutions to our customers, and most importantly to guide them through every aspect and step of the project and how best we could bring out their desired design,’ said Dr. Sacquaff, Kitchen & Bedroom Group CEO.
DSI strengthens its islandwide presence with three new showrooms
Amid the prevailing economic hardships faced by Sri Lanka, Sri Lanka’s premier footwear brand DSI recently expanded its islandwide presence in the country with the opening of three new showrooms in Kahawatta, Akuressa, and Chavakachcheri, with the aim of offering greater access to its diversified product range to a wider customer base.
Gracing the special occasion, the showrooms were declared open by D. Samson & Sons (Pvt.) Ltd. Managing Director Thusitha Rajapaksa, in the presence of Director Asanka Rajapaksa, General Manager Pradeep Samarathunga, National Sales Manager – Retail Sales Naleen Weerawardana, invitees, and well-wishers.
Speaking at the opening ceremony, Thusitha Rajapaksa stated: “We are excited about expanding DSI wings to three new locations. Despite the ongoing economic conditions of the country, we took a call to take a proactive measure to expand our islandwide presence. While it has been a challenge, the commitment and hard work of our team has made it possible to serve our loyal customers better, and we are confident that we will be able to continue these efforts in the future as well.”
DSI is renowned for its well-trained staff who offer exceptional customer service. The three new DSI showrooms prioritize providing a unique service and customer support to make purchasing further convenient for the customer.
THOSE SPECIAL PRE-UNIVERSITY CLASSES
Memories of “Dusty” Miller of the Colombo Commercial Company
Weerawansa’s wife sentenced to RI
‘Dates have the highest sugar content to fight Coronavirus’
U.S. Congress to probe assets fleecing by US citizens of Sri Lankan origin
Sunday Island 27 December – Headlines
News3 days ago
Economic crisis: MR, ministers, CBSL Governor, Dr.PBJ ignored IMF warnings
News4 days ago
Lanka’s Amb. in Tokyo quits amidst bid to secure USD loan
Sports4 days ago
Kamil Mishara expelled from Dhaka after having ‘visitor’ in hotel room
News6 days ago
MR had not decided to resign on 09 May, says Weerasekra
News7 days ago
Two views on Gota going, food crisis threat by August: Ranil
News5 days ago
More Opp. members switch allegiance as six more ministers are sworn in
Features7 days ago
Ranil-Rajapaksa Interim Government and Cabinet are a betrayal of the People
News6 days ago
Speaker proposes how to steer SL out of crisis