Connect with us

Business

Trading activity gets slower among retail investors

Published

on

Lankem Ceylon Rights Issue undersubscribed.

By Hiran H.Senewiratne 

Stock trading at the Colombo Stock Exchange (CSE) was marginally positive yesterday and the number of retail investor participation was lower compared to previous trading days. Index heavy LOLC group which accounted for more than 30 percent of the turnover, contributed 20 points to the All Share Price Index, stock market analysts said.

Both indices moved upwards. All Share Price Index was up by 35.75 points and S&P SL20 up by 2.01 points. Turnover stood at Rs 1.74 billion sans a single crossing. In the retail market top six companies that mainly contributed to the turnover were LOLC Rs 510 million (1.28 million shares traded), Expolanka Holdings Rs 197 million (4.1 million shares traded), Melstacorp Rs 137 million (2.6 million shares traded), Browns Investments Rs 71.5 million (11.3 million shares traded), Windforce Rs 68.2 million (3.5 million shares traded) and Hayleys Holdings Rs 54.8 million (730,000 shares traded).

Index heavy LOLC, which contributed 20 points to the All Share Price Index, appreciated its share price by Rs 18.75 or 4.85 percent. Its share price started trading at Rs 386.25 and at the end of the day it moved up to Rs 405.

A pioneer in renewable energy, Vidullanka PLC has successfully completed raising additional capital of Rs. 253 million to fuel its expansion drive in the solar power sphere.

Lankem Ceylon Plc, Rs. 677 million worth Rights Issue has been undersubscribed. When the issue closed the Company managed to draw only subscriptions for 17.6 million shares worth Rs. 352.3 million. The original plan was to issue 33.85 million shares at Rs. 20 each aiming at raising Rs. 677 million. The basis was one new ordinary share for every one share held. Funds were to be raised to augment working capital requirements.

During the day 67.9 million share volumes changed hands in 17564 share transactions.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

SLT-MOBITEL powers ANANKE IoT Services to shine at Globee® Awards

Published

on

SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider, is proud to announce its partner ANANKE IoT Services (Pvt) Ltd has been conferred a Gold award under the ‘Start-up of the Year – IT Category’ at the 16th Annual 2021 IT World Awards. Organizers of the world’s premier business awards programs and business ranking lists, The Globee® Awards; recognised ANANKE IoT’s Smart Bins Project, powered by NB-IoT technology from SLT-MOBITEL, the undisputed leader of IoT services and related digital transformation in Sri Lanka.

SLT-MOBITEL’s NB-IoT network enables the entire device connectivity chain of the Smart Bins Project and is Sri Lanka’s only such network to-date. NB-IoT is the GSMA standard for Low-Power-Wide-Area Internet of Things connectivity, which is particularly suited to ensure the battery life of a sensor extends to up to 10 years. As the only telco to offer this advanced technology in Sri Lanka, SLT-MOBITEL was perfectly positioned to support ANANKE IoT Services for quick deployment of its Smart Bins solution. This is the first large-scale NB-IoT enabled hardware project in Sri Lanka and utilizes, ANANKE IoT’s in-house built proprietary platform. (SLT)

Continue Reading

Business

Dialog Television extends access to Nenasa and Guru TV education channels free of charge

Published

on

Furthering its efforts to ensure that no child is left behind in continuing their education, Dialog Axiata Group, Sri Lanka’s premier connectivity provider, extended free access to its education bouquet Nenasa Sinhala, Nenasa Tamil and Guru TV channels through Dialog Television and ViU App.

Despite the learning loss that ensued the pandemic, Dialog remains committed in its resolve to ensuring that children across the country have equitable access to education. Both Dialog Television prepaid and postpaid customers can access these channels for free. Nenasa Sinhala (Ch. 24) and Nenasa Tamil (Ch. 25) cover grade 3 to 13 Government syllabi, while Guru TV (Ch. 22) covers grade 5 to 13 Government syllabi, all conducted by qualified teachers with immersive, engaging and innovative teaching techniques. Furthermore, this education channel bouquet and over 160 supplementary lessons and educational content can also be accessed via ViU App on any smartphone, ViU Hub and ViU Mini for free, without any data charges on the Dialog network.

Commenting, Chirantha De Zoysa, Head of Business – Dialog Television said, “Extending Nenasa Sinhala, Nenasa Tamil and Guru TV education channels for free is part of our overarching efforts in providing schoolchildren across the country with equitable access to education to achieve their aspirations. While the pandemic has magnified the disparities in education and underscored the importance of inclusive education, Dialog remains resolute in continuing to bridge this gap.”

This is yet another initiative by Dialog in its continued efforts of supporting students across the country with their educational endeavours. In addition to this initiative, Dialog powers a range of educational platforms under the Nenasa initiative; Nenasa TV, Nenasa Smart School, Nenasa App and the toll-free Nenasa 1916 distance learning helpline. Dialog also endeavoured to provide 100,000 schoolchildren in need with Data Scholarships under the ‘NanaDiri Data Scholarship’ programme to facilitate their online learning from home. Furthermore, the company extended free access without any data charges to e-Thaksalawa, the National Learning Content Management System (LCMS)/Learning Management System (LMS) and to all official e-Learning platforms of State Universities under the purview of the University Grants Commission.

Continue Reading

Business

Allianz Insurance and HSBC Sri Lanka partner to offerworld-class insurance products to HSBC Premier customers

Published

on

Allianz Insurance Limited (Allianz Lanka) has entered into an agreement with HSBC Sri Lanka to offer the bank’s affluent customers two world-class insurance products with flexible 0% installment plans, namely Global Health Medical Insurance that provides high quality healthcare services worldwide, and Student Companion to provide insurance solutions for students travelling overseas for education. These new offerings are part of a 10-year exclusive bancassurance distribution agreement signed between the Allianz Group and HSBC covering key markets in Asia such as Australia, China, Indonesia, Malaysia, Taiwan and Sri Lanka.

In recent times, increases in the cost of living and unexpected medical expenses due to the pandemic, have put pressure on many customers and their families. Due to these uncertainties, customers are looking for the assurance of a safety net, which protects their loved ones, both locally and overseas. Value added services such as international family care support with access to advice from overseas doctors/international care specialists have proven to be even more valuable today for customers.

Continue Reading

Trending