Thursday, January 16, 2014

Today 6,166.98 3,427.05 Point Change + 50.59 + 38.98 % Change 0.83 % p 1.15 % p

ASPI S&P SL 20 Index YTD Performance ASPI S&P SL 20 Index

Level 23, East Tower, World Trade Centre, Colombo 01 Tel: +94 11 727 7000, Fax: +94 11 727 7099 Email: research@equity.softlogic.lk

4.3% 5.0% 1,865.6 834.9 91.7 38.4 2,565.7 552.9 917.7 364.7 0.7

Today's Turnover (LKR mn) Annual Average Daily Turnover (LKR mn) Volume (mn) Annual Average Daily Volume (mn) Market Capitalization (LKR bn) Net Foreign Inflow / (Outflow) [LKR mn] - Foreign Buying (LKR mn) - Foreign Selling (LKR mn) YTD Net Foreign Inflow / (Outflow) [LKR bn]

Bullish trend on bourse continues amidst falling interest rates

CSE Diary for 16.01.2014

ASPI advanced with a clear intra-day trend: The bourse advanced further today amidst growing optimism in Macro-Economic Fundamentals. ASPI denoted a clear uptrend throughout the day and settled at 6,166.98 with a gain of 51 points. S&P SL20 follow suited and closed at 3,427.05 gaining 39 points. John Keells Holdings (+4.0%) heavily contributed to the index gain followed by Aitken Spence (+4.2%) and Nestle Lanka (+1.2%). Turnover levels were healthy surpassing LKR1bn mark. Crossings on HNB and LLUB: Hatton National Bank spearheaded the daily turnover supported by six offboard transactions which accumulated to 3.3mn shares at LKR154.1-155.1. The counter closed onboard at LKR157.0 with a gain of 2.0%. Chevron Lubricants too displayed off-board interest backed by two crossings amounting to 900k shares which changed hands at LKR278.0. Low interest was seen on-board in the counted and ended at LKR278.0 with a gain of 0.8%.

On-board interest on diverse counters: John Keells Holdings was the on-board front-runner with active investor interest. The counter further appreciated recording significant amount of large trade blocks and settled at LKR240.2 with a gain of 4.0%. Sampath Bank also attracted investor interest supported by a single transaction of c 92k shares at LKR180.0. SAMP also depicted a gain of 2.3% and ended at LKR180.3. Access Engineering, Kelani Tyres and Lanka IOC also gathered on-board interest with buying pressure. Continued retail streak on TFC.X and renewed interest on TWOD: Retailers continued their streak on The Finance [Non-Voting] and interest was renewed in Touchwood Investments. Both counters ended gaining 6.2% and 30.8% respectively.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) as at 13.01.2014 Inflation (%) Dec-13 YoY Change Annual Avg Week ending 17.01.2014 6.86 7.02 7.15 9.45 -35.11 4.7 6.9

6200 6100 6000 5900

Index

5800
5700 5600

ASPI
3400

Turnover LKR ('mn)

3500

2,000 1,500 1,000 500

100.0

80.0
60.0

Volume ('mn)

Index

3300

3200
3100

40.0
20.0

3000

0.0

S&P SL20

Turnover

Volume

Today All Share Price Index S&P SL20 Index Turnover (LKR mn) Turnover (USD mn) Volume (mn shares) Traded Entities Market Capitalization (LKR bn) Foreign Purchases (LKR mn) Foreign Sales (LKR mn) Net Foreign Inflow (LKR mn) Market PER (X) Market PBV (X) Market Dividend Yield SECTOR INDICES Banks, Finance & Insurance Beverage, Food & Tobacco Construction & Engineering Diversified Healthcare Hotels & Travels Land & Property Manufacturing Plantation Telecom 6,167.0 3,427.1 1,865.6 14.3 91.7 243 2,565.7 917.7 364.7 552.9 16.6 2.0 2.8 Today 13,797.5 20,938.9 2,791.6 1,844.1 737.2 3,237.0 609.0 3,022.7 765.1 158.5

Pre Day 6,116.4 3,388.1 1,378.3 10.5 92.5 243 2,544.6 358.3 289.9 68.4 16.5 2.0 2.8 Pre Day 13,733.7 20,897.4 2,786.7 1,803.6 722.9 3,218.7 594.6 2,989.1 758.1 158.1

Change % 0.83% p 1.15% p 35.35% 35.35% -0.85% 0.00% 0.83% 156.09% 25.80% 708.44% 0.83% 0.83% 0.00% % Change 0.46% 0.20% 0.17% 2.25% 1.97% 0.57% 2.42% 1.13% 0.93% 0.25% p p p p p p p p p p

Last Week 6,069.3 3,362.4 1,572.9 12.0 58.3 237 2,525.0 882.9 773.9 109.0 16.3 2.0 2.9 Last Week 13,328.7 20,944.4 2,767.1 1,815.6 712.3 3,199.3 587.7 2,953.2 751.5 158.7

% WoW Change 1.61% 1.92% 18.61% 18.61% 57.43% 2.53% 1.61% 3.93% -52.87% 407.19% 1.61% 1.61% -3.45% % WoW Change 3.52% -0.03% 0.89% 1.57% 3.49% 1.18% 3.61% 2.35% 1.81% -0.13%

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High Index Calibre USD350 Mn

Company
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

% of Mkt Cap 9.3% 8.9% 2.7% 4.5% 2.6% 3.9% 2.5% 2.9% 2.0% 1.7% 2.4% 1.3% 1.3% 1.6% 1.2% 1.2%

Volume 616,850 1,014 552 11,648 84,373 101,281 198 1,411,650 3,382,505 55,253 1,809 49,501 100 38,717 336,578 2,112

Turnover LKR ('000) 147,060.14 1,243.20 193.28 24,473.78 3,121.54 12,769.53 122.76 12,984.16 521,510.28 5,759.44 366.10 3,575.30 14.65 5,872.27 60,413.93 141.07

Turnover USD ('000) 1,125.07 9.51 1.48 187.23 23.88 97.69 0.94 99.33 3,989.78 44.06 2.80 27.35 0.11 44.93 462.19 1.08

Intraday High (LKR) 244.90 1,230.00 355.00 2,145.00 37.50 127.00 620.00 9.20 158.00 106.50 203.40 73.00 146.50 152.00 181.00 67.90

Intraday Low (LKR) 231.00 1,201.00 350.00 2,100.00 36.80 125.00 620.00 9.10 155.00 104.00 202.00 72.00 146.50 151.00 175.60 64.80

Close 240.20 1,220.30 354.20 2,140.10 37.00 126.60 620.00 9.20 157.00 106.50 203.00 72.00 146.50 151.40 180.30 66.70

Price Gainers
Company
LANKA CENTURY [W0003] TOUCHWOOD CIFL CITRUS HIKKADUWA BIMPUTH FINANCE

Price Losers
Today 0.20 3.40 1.10 24.90 21.20 Change + 0.10 + 0.80 + 0.20 + 3.40 + 2.60 % Change Company 100.00% 30.77% 22.22% 15.81% 13.98%
S M B LEASING [X] G S FINANCE PC HOUSE CEYLON LEATHER [W0014] EASTERN MERCHANT

Today 0.40 400.10 0.50 1.70 7.50

Change - 0.10 - 94.80 - 0.10 - 0.20 - 0.70

% Change -20.00% -19.16% -16.67% -10.53% -8.54%

Top 05 Performers for the Day

Company
HNB CHEVRON JKH THE FINANCE CO.[NON VOTING] SAMPATH

Today 157.00 278.00 240.20 8.60 180.30

Pre Day 154.10 275.90 231.00 8.10 176.20

% Change 1.88% 0.76% 3.98% 6.17% 2.33%

Volume (mn) 3.38 0.93 0.62 9.55 0.34

Contribution to Total T/O 20.3% 10.1% 5.7% 3.3% 2.4%

Turnover (LKR) 521,510,277 259,542,670 147,060,145 85,181,907 60,413,930

Most Active
Company
TOUCHWOOD THE FINANCE CO.[NON VOTING] BLUE DIAMONDS BLUE DIAMONDS[NON VOTING] HNB

Today 3.40 8.60 3.70 1.30 157.00

Pre Day 2.60 8.10 3.50 1.20 154.10

% Change 30.77% 6.17% 5.71% 8.33% 1.88%

Volume (mn) 17.60 9.55 7.20 6.45 3.38

Contribution to Total T/O 2.2% 3.3% 1.0% 0.3% 20.3%

Turnover (LKR) 57,005,107 85,181,907 26,604,112 8,324,850 521,510,277

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Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan UK USA Dollar Yuan Euro Rupee Yen Pound Dollar Indicative Rate 16.01.2014 115.12 21.60 177.98 2.12 1.25 213.99 130.71

CSE Announcements
Dividends
Company 0 0 0 0 0
Company Description

DPS (LKR) 0.00 0.00 0.00 0.00 0.00

Proportion 0 0

XD Date 0 0 0 00-Jan-00 00-Jan-00

XR Date

Payment Date 1/0/1900 1/0/1900 1/0/1900 00-Jan-00 00-Jan-00

Renunciation

Rights Issues / Scrip Dividend / Sub division / Capitalization

0 0 0 0 0 0 1/0/1900 1/0/1900 1/0/1900 1/0/1900 1/0/1900 1/0/1900

Source: www.cbsl.gov.lk

New Listing
Company No New Listings 0 Type of Security Code 1/0/1900 1/0/1900 Board 1/0/1900 1/0/1900 Offer Price 0.00% 0.00%

Key Corporate Diclosures

No announcements.

Material Dealings by Related Parties of Listed Companies

Company NO MATERIAL DEALINGS Name 0 0 Relationship 0 0 Transaction 0 0 Quantity 0 0 Price (LKR) 0.00 0.00 Date 0 0

Global Markets
Index AMERICA Dow Jones Industrial Average EUROPE EURO STOXX 50 Price EUR FTSE 100 Index ASIA Nikkei 225
* Time is as at ET

Value #N/A #N/A #N/A #N/A

Change #N/A #N/A #N/A #N/A

Change % #N/A ### #N/A ### #N/A ### #N/A ###

Time* #N/A #N/A #N/A #N/A

Source: www.bloomberg.com

Commodity Markets
Commodity ENERGY Crude Oil (WTI) AGRICULTURE ICE Cotton #2 CBOT Wheat METALS COMEX Gold COMEX Copper
* Time is as at ET

Units USD/bbl. USd/lb. USd/bu. USD/t oz. USd/lb.

Price 94.36 84.84 567.25 1,237.90 334.15

Change 0.19 0.05 -0.50 -0.40 -1.65

Change % 0.20% p 0.06% p -0.09% q -0.03% q -0.49% q

Time* 05:09 05:08 05:06 05:09 05:09

Source: www.bloomberg.com

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TOP STORIES
Local
Sri Lanka regulatory compliance under spotlight Sri Lanka's securities regulator and the bourse is holding a seminar to help listed firm become familiar with rules, especially recently issued directives. "The symposium will focus on directives issued on Minimum Public Float, Related Party Transactions, and Disclosure Requirements for Directors Dealings in Shares, " the SEC said in a statement. "This will be an ideal opportunity for listed entities to familiarize themselves on the implementation of the aforesaid Directives and understand its implications. " [Source: www.lbo.lk] Sri Lanka bank regulator in consolidation push Sri Lanka's financial regulator, the Central Bank, said it will outline a master plan to consolidate banks and finance companies with one-to-one meetings to be held among lenders thereafter. Governor Nivard Cabraal will announce a 'Master Plan on the Consolidation of the Financial Sector' to the sector at a forum on Friday. "Thereafter, one-to-one discussions will be held with all banks and non-bank financial institutions so as to guide these institutions in accordance with the newly announced Plan, " the regulator said in a statement. [Source: www.lbo.lk] Historic artificial island project begins Sri Lanka has embarked on an historic project to create an artificial island adjoining the newly built Colombo South Harbour. The new port city is estimated to cost US$ 400 to 450 million, initially for piling and filling of land and a Chinese investor has come forward for the project. One of the internationally recognized maritime companies, Master Divers was given the contract to forward a soil report for this project which in turn was handed over to the Chinese company to go ahead with construction. [Source: www.dailynews.lk] TUI Travel ranks SL as one of the best TUI Travel PLC, has ranked Sri Lanka as one of the best tourist destinations in the world. The company is now planning to widen their horizons by getting involved in the development of tourist infrastructure in Sri Lanka to lure tourists from all over the world. "Sri Lanka's tourism sector has a lot of potential and needs large scale operations in every way. We intend to bring many tourists as much as possible, while helping the country to develop the tourist infrastructure to a very high standard, " said TUI Chief Executive Officer, Peter Long in Colombo. [Source: www.dailynews.lk]

Global
Job Slump Sends Aussie Lower as Rate-Cut Bets Revived Australian employers unexpectedly cut jobs in December, capping the worst year of full-time losses since 1992, sending the Aussie to the lowest in more than three years and reviving prospects for interest-rate reductions. The number of people employed dropped by 22,600, the statistics bureau said in Sydney today, compared with the median estimate for a 10,000 gain in a Bloomberg News survey of 27 economists. Unemployment held at 5.8 percent as the participation rate fell to the lowest in almost eight years. [Source: www.bloomberg.com] U.K. House-Price Index Near 2002 High as Carney Sees Momentum A U.K. house-price index stayed close to the highest in more than a decade last month and the outlook for the coming quarter improved amid a lack of supply. A measure by the Royal Institution of Chartered Surveyors was at 56 after a reading of 58 in November, the London-based group said today, citing a survey of property surveyors. A three-month priceexpectations gauge rose to 61 from 59, the highest since 1999. [Source: www.bloomberg.uk]

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