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Thursday, August 22, 2013

Today Point Change % Change ASPI S&P SL 20 Index 6,085.88 - 30.79 -0.50 %
Today
Point Change
% Change
ASPI
S&P SL 20 Index
6,085.88
- 30.79
-0.50 %
q
3,422.27
- 12.1
-0.35 %
q
YTD Performance
ASPI
S&P SL 20 Index
7.8%
10.9%
Level 23, East Tower, World Trade Centre,
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Tel: +94 11 727 7000,
Fax: +94 11 727 7099
Email: research@equity.softlogic.lk
Today's Turnover (LKR mn)
Annual Average Daily Turnover (LKR mn)
652.8
924.3
Volume (mn)
Annual Average Daily Volume (mn)
19.8
40.2
Crossings dominated
bourse while indices
extended downtrend…
Market Capitalization (LKR bn)
2,506.6
Net Foreign Inflow / (Outflow) [LKR mn]
-92.5
- Foreign Buying (LKR mn)
403.7
- Foreign Selling (LKR mn)
496.2
YTD Net Foreign Inflow / (Outflow) [LKR bn]
18.3
CSE Diary for 22.08.2013
Indices on a downtrend: Indices continued its dip
Commercial Bank and Lion Brewery recorded one
crossing each which added 600k shares and 67k
shares to the crossings board respectively.
as the benchmark index dipped 30 points at its
close to 6,085.88. The dip was primarily driven by
John Keells Holdings (-0.6%) and Ceylon Tobacco
Company (-1.6%) which now collectively take up
18% of market capitalization. The S&P SL20
followed a similar path backed by dips in the
above heavy caps.
Continued on-board interest in banking counters:
BFI sector contributed 26% to the day’s turnover as
banking sector counters depicted notable on-
board interest. Hatton National Bank and Nations
Trust Bank edged up to the top turnover slot while
both touched LKR154.9 and LKR62.9 at their intra-
day high levels. Commercial Bank and Sampath
Bank also saw some buying interest.
8 crossings added 69% to the turnover: Diversified
players attracted interest as John Keells Holdings
spearheaded the turnover backed by 4 crossings
which carried 720k shares at LKR247.9 and
LKR248.0. The counter continued to be active on
board as it touched LKR250.0 before closing with a
dip at LKR248.0. Hemas Holdings registered two
crossings which accumulated to 5.1 mn shares at
LKR34.2 and LKR34.3 during early trading while on-
board activity in the counter remained dormant.
Retailers took a cautious note: Retail activity was
moderate with majority of activity surrounding;
Sanasa Development Bank, Panasian Power,
Nation Lanka Finance and Union Bank.
Statistical Look Up Treasury Bill (%) Week ending 23.08.2013 6300 3 months 8.61 6200 6

Statistical Look Up

Treasury Bill (%) Week ending 23.08.2013 6300 3 months 8.61 6200 6 months 9.65 6100
Treasury Bill (%)
Week ending
23.08.2013
6300
3
months
8.61
6200
6
months
9.65
6100
12 months
10.55
AWPLR
11.88
6000
Excess Liquidity (LKR 'bn)
as at 22.08.2013
-6.49
5900
Inflation (%)
Jul-13
YoY Change
6.1
Annual Avg
8.3
ASPI
3520
2,500
100.0
3500
2,000
80.0
3480
1,500
60.0
3460
3440
1,000
40.0
3420
Volume ('mn)
500
20.0
3400
3380
0
0.0
S&P SL20
Turnover
Volume
Index
Index
Turnover LKR ('mn)

% WoW

 

Today

Pre Day

Change %

Last Week

Change

All Share Price Index

6,085.9

6,116.7

-0.50%

q

6,220.1

-2.16%

S&P SL20 Index

3,422.3

3,434.4

-0.35%

q

3,495.7

-2.10%

Turnover (LKR mn) Turnover (USD mn) Volume (mn shares) Traded Entities Market Capitalization (LKR bn)

652.8

954.1

-31.58%

646.6

0.95%

5.0

7.2

-31.58%

4.9

0.95%

19.8

26.7

-26.09%

24.3

-18.78%

234

244

-4.10%

232

0.86%

2,506.6

2,519.3

-0.50%

2,394.4

4.68%

Foreign Purchases (LKR mn) Foreign Sales (LKR mn)

403.7

632.9

-36.21%

291.7

38.39%

496.2

295.9

67.68%

188.3

163.59%

Net Foreign Inflow (LKR mn)

-92.5

337.0

-127.45%

103.5

-189.39%

Market PER (X) Market PBV (X) Market Dividend Yield

17.2

17.3

-0.50%

16.5

4.68%

2.3

2.3

-0.50%

2.2

4.68%

2.6

2.5

4.00%

2.5

4.00%

 

%

WoW

SECTOR INDICES

Today

Pre Day

% Change

Last Week

Change

Banks, Finance & Insurance Beverage, Food & Tobacco Construction & Engineering Diversified Healthcare Hotels & Travels Land & Property Manufacturing Plantation Telecom

12,902.9

12,941.6

-0.30%

q

13,044.2

-1.08%

21,554.2

21,749.5

-0.90%

q

22,469.8

-4.08%

2,794.2

2,858.2

-2.24%

q

2,909.0

-3.95%

1,867.5

1,876.7

-0.49%

q

1,923.9

-2.93%

652.9

651.5

0.21%

p

651.0

0.29%

3,183.5

3,188.1

-0.15%

q

3,209.5

-0.81%

555.8

563.1

-1.30%

q

575.6

-3.44%

3,000.9

3,008.6

-0.26%

q

3,022.5

-0.72%

706.0

711.0

-0.70%

q

721.9

-2.20%

158.1

158.1

0.00%

p

160.7

-1.57%

-0.70% q 721.9 -2.20% 158.1 158.1 0.00% p 160.7 -1.57% Softlogic Equity Research Page | 2
High Index Calibre ≥ USD350 Mn Company % of Mkt Volume Turnover LKR ('000) Turnover

High Index Calibre ≥ USD350 Mn

Company

% of

Mkt

Volume

Turnover

LKR ('000)

Turnover

USD ('000)

Intraday

High (LKR)

Intraday

Low

(LKR)

Close

Cap

JOHN KEELLS HOLDINGS CEYLON TOBACCO CARSON CUMBERBATCH NESTLE LANKA SRI LANKA TELECOM COMMERCIAL BANK [V] BUKIT DARAH DIALOG AXIATA HNB [V] AITKEN SPENCE DISTILLERIES LOLC CARGILLS DFCC BANK SAMPATH BANK ASIAN HOTELS & PROPERTIES

 

8.5%

819,152

203,131.08

1,541.79

250.00

247.50

248.00

9.5%

348

442.20

3.36

1,300.00

1,250.00

1,268.50

3.1%

306

119.53

0.91

392.10

389.00

390.00

5.0%

163

380.66

2.89

2,340.00

2,311.00

2,326.50

2.9%

164

6.55

0.05

40.00

39.40

40.00

3.8%

690,847

81,686.40

620.01

119.00

118.00

118.60

2.8%

44

30.32

0.23

690.00

680.00

680.00

2.8%

89,382

 

759.81

5.77

8.60

8.50

8.50

2.0%

117,621

18,051.97

137.02

154.90

150.00

154.00

2.0%

2,602

314.84

2.39

121.00

121.00

121.00

2.3%

26,582

5,130.33

38.94

194.50

192.80

193.00

0.9%

27,300

1,365.26

10.36

51.00

49.50

50.00

1.3%

1,400

211.52

1.61

152.00

150.00

150.20

1.4%

6,211

795.15

6.04

128.10

127.50

128.10

1.3%

55,160

10,491.54

79.63

191.90

189.30

189.70

1.2%

2,310

159.68

1.21

70.00

68.30

69.20

Price Gainers

Price Losers

 

Company

Today

Change

% Change

Company

Today

Change

% Change

ENVI. RESOURCES [W 0003] SINHAPUTHRA FIN DUNAMIS CAPITAL PC PHARMA MULLERS

 

0.40

+

0.10

33.33%

SERENDIB ENG.GRP

135.00

-

40.00

-22.86%

94.00

+ 11.70

 

14.22%

CEYLON LEATHER [W 0013]

1.30

-

0.20

-13.33%

12.00

+ 1.10

10.09%

KALAMAZOO 1,066.00

- 118.50

-10.00%

 

1.20

+ 0.10

9.09%

SATHOSA MOTORS

225.00

-

25.00

-10.00%

1.30

+ 0.10

8.33%

MET. RES. HOL

21.20

-

2.00

-8.62%

Top 05 Performers for the Day

 
   

Contribution to

Turnover

Company

Today

Pre Day

%

Change

Volume (mn)

Total T/O

(LKR)

JKH

248.00

249.40

-0.56%

0.82

8.1%

 

203,131,078

HEMAS HOLDINGS

33.20

33.40

-0.60%

5.17

7.1%

176,925,973

COMMERCIAL BANK

118.60

118.50

0.08%

0.69

3.3%

81,686,403

LION BREWERY

360.10

360.10

0.00%

0.07

1.0%

24,899,510

HNB

154.00

154.50

-0.32%

0.12

0.7%

18,051,966

Most Active

   

Contribution to

Turnover

Company

Today

Pre Day

%

Change

Volume (mn)

Total T/O

(LKR)

HEMAS HOLDINGS

33.20

33.40

-0.60%

5.17

7.1%

176,925,973

PANASIAN POWER

2.50

2.40

4.17%

1.30

0.1%

3,240,468

AMANA TAKAFUL

1.40

1.40

0.00%

0.89

0.0%

1,247,723

CIFL

0.80

0.80

0.00%

0.86

0.0%

698,901

JKH

248.00

249.40

-0.56%

0.82

8.1%

203,131,078

698,901 JKH 248.00 249.40 -0.56% 0.82 8.1% 203,131,078 Softlogic Equity Research Page | 3 .
Currency Board Local - Indicative Rate against LKR CSE Announcements Dividends Currency   Indicative Rate

Currency Board

Local - Indicative Rate against LKR

CSE Announcements

Dividends

Currency

 

Indicative Rate

 

Company

DPS (LKR)

XD Date

Payment Date

22.08.2013

E Chanelling

0.50

01-10-2013

09-10-2013

Australia

Dollar

118.31

0

0.00

0

1/0/1900

China

Yuan

21.51

0

0.00

0

1/0/1900

EU

Euro

175.70

0

0.00

00-Jan-00

00-Jan-00

India

Rupee

2.05

0

0.00

00-Jan-00

00-Jan-00

Japan

Yen

1.34

Rights Issues / Scrip Dividend / Sub division / Capitalization

UK

Pound

205.50

Company

Description

Proportion

XR Date

Renunciation

USA

Dollar

131.75

No Announcements.

0

0

1/0/1900

1/0/1900

Source: www.cbsl.gov.lk

0

0

0

1/0/1900

1/0/1900

 

0

0

0

1/0/1900

1/0/1900

New Listing

 

Company

Type of Security

Code

Board

Offer Price

No New Listings

-

1/0/1900

1/0/1900

1/0/1900

 

0

-

1/0/1900

1/0/1900

1/0/1900

Key Corporate Diclosures

No Coporate Disclosures

Material Dealings by Related Parties of Listed Companies

Company

Name

Relationship

Transaction

Quantity

Price (LKR)

Date

NO MATERIAL DEALINGS

0

0

0

0

0.00

0

0

0

0

0

0.00

0

Global Markets

Index

 

Value

Change

Change %

Time*

AMERICA

 

Dow Jones Industrial Average

 

14,897.6

-105.4

-0.70% q

00:00

EUROPE

 

EURO STOXX 50 Price EUR FTSE 100 Index

 

2,805.6

31.0

1.13% p

06:40

6,438.5

47.7

0.75% p

06:41

ASIA

 

Nikkei 225

 

13,365.2

-59.2

-0.44% q

02:28

*

Time is as at ET

Source: www.bloomberg.com

Commodity Markets

 

Commodity

Units

Price

Change

Change %

Time*

ENERGY

 

Crude Oil (WTI)

USD/bbl.

104.32

0.47

0.45%

p

06:52

AGRICULTURE

 

ICE Cotton #2 CBOT Wheat

USd/lb.

85.00

0.76

0.90%

p

06:52

USd/bu.

644.25

-5.00

-0.77%

q

06:49

METALS

 

COMEX Gold

USD/t oz.

1,366.40

-3.70

-0.27%

q

06:52

COMEX Copper

USd/lb.

336.95

5.70

1.72%

p

06:52

* Time is as at ET

Source: www.bloomberg.com

336.95 5.70 1.72% p 06:52 * Time is as at ET Source: www.bloomberg.com Softlogic Equity Research
T OP S TORIES Local  Sri Lanka bond yields up Sri Lanka's bond yields

TOP STORIES

Local

Sri Lanka bond yields up

Sri Lanka's bond yields spiked Thursday with a 5-year bond popular among foreign investors quoted as high as 11.70/75 percent, dealers said. The 5-year bond maturing on 15 August 2018 was quoted around 11.30/35 percent last week. The bond closed 11.45/55 percent levels yesterday. A 3.5-year bond maturing on 01 Jan 2017 was quoted around 11.50/55 percent Thursday up from 11.42/45 percent, dealers.

[Source: www.lbo.lk]

Sri Lanka external trade expands in June Sri Lanka's exports rose 6.8 percent to 807.4 million US dollars in June 2013 from a year earlier with apparel exports up 14.9 percent to 356.8 million US dollars, official data showed. Apparel exports to the US rose 24.8 percent while exports to the EU rose 6.7 percent in June, the Central Bank said. Exports of machinery and mechanical items had risen 25.5 percent and rubber products had risen 7.7 percent to 69 million US dollars.

[Source: www.lbo.lk]

Colombo Dockyard builds its largest vessel for India Colombo Dockyard Ltd, PLC (CDL) has built the biggest vessel in their 39 year history of shipbuilding. This vessel is a 400 passenger cum 250T vessel exclusively build for the Indian government. The launch takes place today at their premises in Colombo. This vessel was built for the Administration of Union of Lakshadweep and was built to meet all applicable IMO, SOLAS and Special Trade Passenger Ship rules of the Indian flag administration. The ship would be a ‘dual classed vessel’ and would be classified by both the Indian Register of Shipping and Lloyds Register of Shipping’, a company sources said [Source: www.dailynews.lk]

NDB, Union Bank respond to Daily FT story In response to the Daily FT story yesterday titled ‘NDB eyeing Union Bank,’ the two banks issued separate statements. Union Bank Director and CEO Anil Amarasuriya said the bank had not had any discussions with NDB Bank PLC regarding a possible merger/acquisition and the information stated therein was inaccurate. NDB in a clarification pertaining to certain content set out in the article said: We wish to state that no formal discussions pertaining to such an acquisition/investment have taken place as at date as suggested by the article.

Global

[Source: www.ft.lk]

China’s Manufacturing Gains on Stronger Domestic Demand: Economy A Chinese manufacturing index jumped in August from an 11-month low, adding to signs the world’s second-biggest economy is strengthening after a two-quarter slowdown. The preliminary reading of 50.1 for a Purchasing Managers’ Index (EC11FLAS) released today by HSBC Holdings Plc and Markit Economics compares with a final figure of 47.7 in July. The number exceeded all 16 estimates in a Bloomberg News survey and was the first reading since April above the 50 mark that divides contraction from expansion.

[Source: www.bloomberg.com]

Sales of U.S. Existing Homes Rise to Highest Since 2009 Sales of previously owned U.S. homes jumped in July to the second-highest level in more than six years as buyers rushed to lock in mortgage rates before they increased any more. Purchases advanced 6.5 percent to a 5.39 million annual rate last month, beating the 5.15 million median forecast of economists surveyed by Bloomberg, figures from the National Association of Realtors showed today in Washington. Sales were the strongest since a government tax credit temporarily boosted demand in November 2009, and second-highest since March 2007.

[Source: www.bloomberg.com]

in November 2009, and second-highest since March 2007. [Source: www.bloomberg.com] Softlogic Equity Research Page | 5
Softlogic Equity Research Dimantha Mathew dimantha.mathew@equity.softlogic.lk +94 11 7277030 Kavindu Ranasinghe

Softlogic Equity Research

Dimantha Mathew dimantha.mathew@equity.softlogic.lk +94 11 7277030

Kavindu Ranasinghe kavindu.ranasinghe@equity.softlogic.lk +94 11 7277031

Imalka Hettiarachchi

imalka.hettiarachchi@equity.softlogic.lk

+94 11 7277032

Softlogic Equity Sales

Dihan Dedigama dihan.dedigama@equity.softlogic.lk +94 11 7277010, +94 77 7689933

Eardley Kern

l.kern@equity.softlogic.lk

+94 11 7277053, +94 77 7348018

Chandima Kariyawasam chandima.kariyawasam@equity.softlogic.lk +94 11 7277058, +94 77 7885778

Sonali Abayasekera sonali.abayasekera@equity.softlogic.lk +94 11 7277051, +94 77 7736059

Thanuja De Silva thanuja.desilva@equity.softlogic.lk +94 11 7277059, +94 77 3120018

+94 11 7277059, +94 77 3120018 Branches H o r a n a Madushanka Rathnayaka No.

Branches

Horana

Madushanka Rathnayaka

No. 212, 1 st Floor, Panadura Road, Horana madushanka.rathnayaka@equity.softlogic.lk +94 34 7451000, +94 77 3566465

Negombo Krishan Williams No. 121, St. Joseph Street Negombo krishan.williams@equity.softlogic.lk +94 31 2224714-5, +94 77 3569827

Kurunegala Bandula Lansakara No.13, Rajapihilla Mawatha, Kurunegala bandula.lansakara@equity.softlogic.lk +94 37 2232875, +94 77 3615790

Matara

No.8A, 2 nd Floor, FN Building, Station Road, Matara +94 41 7451000

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