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Retail investors account for approx. Rs.3bn of CSE turnover

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By Hiran H.Senewiratne 

The CSE’s overall performance yesterday was positive with the active participation of retail investors, who contributed approximately Rs 3 billion against seven crossings The crossings accounted for 12 percent of the turnover, stock market analysts said.

Amid those developments, Laugfs Gas PLC and Laugfs Power PLC, in the Laugfs Group,  saw their voting and non voting share prices appreciate without, apparently, a proper reason, stock market analysts said. Laugfs Gas voting share prices appreciated by 22 percent. Its voting price moved up from Rs 20.90 to Rs 25, which was a Rs 4.60 appreciation and the non voting share price moved up by 25 percent. It shares moved up from Rs 15.20 to Rs 19.

Both indices moved upwards. The All Share Price Index went up by 37.6 points and S and P SL20 by 16 points. Turnover stood at Rs 3.3 billion with seven crossings.  Those crossings were reported in Renuka Hotel, which crossed two million shares to the tune of Rs 160 million and its share price traded at Rs 80, NDB 1.3 million shares crossed for Rs 97.5 million, its share price trading at Rs 75, Commercial Bank 500,000 shares crossed for Rs 40.9 million; its share price trading at Rs 81.80, Hemas Holdings  468,000 shares crossed for Rs 40 million, its share price standing at Rs 85.60. Sanasa Development Bank 562.000 shares crossed for Rs 29.8 million; its shares traded at Rs 53, JKH 140,000 shares crossed for Rs 21 million and its share price traded at Rs 150, while Access Engineering  800,000 shares crossed for Rs 20.6 million.

In the retail market top five contributors to the turnover were;  Piramal Glass Rs 317 million (35.4 million shares traded), JKH Rs 239 million (1.6 million shares traded), Hemas Holdings Rs 176.6 million (2.1 million shares traded), Access Engineering Rs 167.6 million (6.5 million shares traded), and Expolanka Rs. 137.6 million (5.3 million shares traded).During the day 236 million share volumes changed hands in 29750 transactions.  

Sri Lanka rupee quoted firmer at 185.75/25 to the US dollar in the spot next market on Friday while gilt yields remained steady in the overall market, dealers said.

The rupee closed at 186.10/40 in the spot next to the US dollar on Thursday.



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Business

Seylan Bank offers amazing discounts for Avurudu

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With Avurudu just around the corner, Seylan Bank PLC is offering amazing discounts to customers purchasing daily essentials, electronics, clothing, gifts, and more. The bank with a heart will celebrate the New Year with “Ratatama Super, Avurudu Offers with Seylan Cards” and “Seylan Tikiri – Season of Gifts and Laughter”.

The bank with a heart, commenced these exciting offers and promotions to provide the best Avurudu experience to its customers young and old, and to reward them for their continued loyalty to the bank, in the spirit of festivity.

“At Seylan Bank, we want to make your Avurudu an unforgettable experience,” said Gamika De Silva, Assistant General Manager, Marketing and Sales at Seylan Bank. “These two promotions underscore our customer-centric approach which focuses on providing products and services that enhance the overall customer experience and convenience, adding value to your experience with the Bank with a Heart.”

The Bank has partnered with leading supermarket chains on selected promotions; with Keells offering 30% off on fresh meat during the weekends, Cargills providing 20% off on total bills during selected weekends, Glomark offering 20% off on the total bill on every Sunday for a limited time, Laugfs Super providing 20% off on a range of goods on every Monday for a limited time, and Premasiri Supermarket offering 20% off on vegetables & 10% off on fruits on every Wednesday & Thursday during the promotion period.

 

 

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OPPO launches Avurudu song to spread seasonal cheer

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OPPO recently launched an Avurudu jingle ahead of the Sinhalese & Tamil New year. Sung by OPPO brand ambassador & The Voice coach Umaria Sinhawamsa, the song also features popular personalities including actor& singer Gayan Gunawardena and choreographer Ramod Malaka& his dance troupe, Cool Steps.

The visual for the song has been shot in a scenic village atmosphere & features a host of New Year traditions of great cultural significance. The video also features the newly launched fan-favorite OPPO F19 Pro which is on offer during the season. On the first day of sales alone, the F19 Pro recorded a 200% increase in sales compared to its predecessor F17 Pro.

CEO of OPPO Sri Lanka Bob Li said: “This project helped us to immerse into Sri Lankan culture better. In keeping with the spirit of the season, evolving & upgrading, OPPO has launched two concurrent promotions: ERABADU WASI from 2-13 April & OPPO SERVICE WASI from 5 – 18 April.”

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SLIM elects new president and EXCO at 51st AGM

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The Sri Lanka Institute of Marketing (SLIM) held its 51st AGM, which saw the induction of its new President Thilanka Abeywardena, who will spearhead the Institute as its 43rd president. This appointment is a milestone in the history of the Institute as Ms. Abeywardena became the first ever female to hold the position of President.

The AGM was held on 7th April, 2021 at Marino Beach Hotel, Colombo. Both a new Council of Management as well as an Executive Committee were appointed during the meeting.

Thilanka currently holds the position of the CMO Lead, South East Asia Emerging Markets at Microsoft Sri Lanka (Pvt) Ltd. and leads marketing and communications across nine Asian countries; Bangladesh, Bhutan, Brunei, Cambodia, Laos, the Maldives, Myanmar, Nepal and Sri Lanka.

The newly appointed Executive Committee comprises ten experienced marketing professionals:

SLIM is the apex body for Marketing in Sri Lanka and has been promoting marketing excellence and elevating the status of marketing since 1970.

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