Business in brief

Market continues to move up

THE Market moved up considerably with the All Share Price Index (ASPI) moving up by 17 points to close at 1923.94 points while the Milanka Price Index (MPI) increased by 34 points to close at 2726.19 points.

Footwear & Textiles, Construction & Engineering, Land & Property and Telecommunication sectors recorded considerable growth during the day while Services, Motors and Hotels & Travels sector recorded negative growth.

A total turnover of Rs. 290.4Mn was recorded during the day. A total of 3252 trades were concluded during the day. Foreign purchases stood at Rs. 23.3Mn and sales at Rs. 61Mn

Top gainers for the day were Hayleys-MGT (+16.67%), Pegasus (+13.73%), On lly (+11.65%) and HNB Assurance (+11.11%) while Reefcomber (-10%), United Motors (-5.61%), Soy Foods (-5.50%) and Connaissance (-5.15).

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'Recycling' ink cartridges now possible here

AN innovative breakthrough solution was launched yesterday for the first time in Sri Lanka, for the "recycling" of empty ink cartridges. Using state-of-the-art German inkjet recycling technology, it involves a fully automated recycling process and guarantees absolute safety of the desk top printer.

Introducing this facility at a media presentation in Colombo, Director/CEO of ABC Trade & Investments Pvt Ltd, A. Jayaseelan said that until now computer users had to either choose from buying comparatively expensive new cartridges or having their old ones manually refilled.

"Although a much cheaper option, the unconventional hand filled methods have recorded high failure rates around the world and generally fail to produce quality print results.

On the contrary, the recycling of cartridges has been a much favoured option among computer users internationally. It involves a fully automated recycling process ensuring proper cleaning, precise volume of ink filling and cartridge testing while clients wait.