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Bourse reaches fresh 5-month high

Bourse reaches fresh 5-month high Daily News (via HT Media Ltd.) Colombo bourse, whilst inching towards the physiological milestone of 8,000 levels, reached a fresh 5-month high yesterday (the highest since 12th February 21). Thus, the All Share Price Index increased by 47.0 points (+0.6%) to close at 7,913.5 yesterday whilst the S&P SL20 Index also gained 14.5 points (+0.5%) to close the day at 3,002.3. Carsons Cumberbatch, LOLC Holdings, Browns Investments, Brown & Co and Sri Lanka Telecom remained as the top positive contributors to the ASPI during the day. Further, broader market’s total turnover stood at LKR.1, 930.4 mn against the 12-month average daily turnover of LKR.3, 129.0 mn, whilst the volume traded for the day was 122,783.9k against the 12-month average daily volume of 176,011.5k.

Why is Marriott International Inc. (MAR) up 49.96% from the day 1 this year?

At the end of the latest market close, Marriott International Inc. (MAR) was valued at $139.43. In that particular session, Stock kicked-off at the price of $139.80 while reaching the peak value of $139.96 and lowest value recorded on the day was $137.59. The stock current value is $138.98. Recently in News on May 20, 2021, Marriott International Signs Agreement with IOI Properties Group to Add Palm Garden Hotel to Tribute Portfolio in Malaysia. Marriott International announced it has signed an agreement with IOI Properties Group, Malaysia’s leading integrated lifestyle real-estate group, to add the Palm Garden Hotel to the company’s Tribute Portfolio. Tribute Portfolio is Marriott International’s growing global family of characterful, independent hotels drawn together by their passion for captivating design and their drive to create vibrant social scenes for guests and locals alike. Under the agreement, the current 151-room Palm Garden Hotel is expected to rebrand to become p

IOI Properties gets Marriott to manage signature hotels in Putrajaya

IOI Properties gets Marriott to manage signature hotels in Putrajaya 20 May 2021 / 23:54 H. Lee (seated, right) and Marriott International president, Asia Pacific excluding Greater China, Rajeev Menon signing the agreements. Standing are, from left, Marriott International vice president & assistant general counsel, legal, Asia Pacific Karen Eu; area vice president, Singapore, Malaysia and Maldives Rivero Delgado; and senior director, hotel development, Asia Pacific, Andree Susilo. PETALING JAYA: IOI Properties Group Bhd has entered into agreements for Marriott International Inc to manage two of its signature hotels in IOI Resort City, Putrajaya – Putrajaya Marriott Hotel and Palm Garden Hotel. Putrajaya Marriott Hotel will be converted from its existing franchise arrangement into a managed contract under the premium brand, while Palm Garden Hotel will be managed by Marriott International under the Tribute Portfolio brand.

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