Friday, February 21, 2014

Today 5,937.28 3,237.82 Point Change - 18.88 - 19.71 % Change -0.32 % q -0.61 % q

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

0.4% -0.8% 1,070.8 832.9 38.9 41.5 2,479.4 -438.5 244.1 682.6 -3.9

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]

Indices dipped amidst notable interest in S&P SL20 players

CSE Diary for 21.02.2014

Indices on a downtrend: Indices extended its bearish movement as the benchmark index dipped 18 points largely backed by index heavy S&P SL20 players. Nestle Lanka, Ceylon Tobacco Company, John Keells Holdings and Bukit Darah were among the key negative contributors. As a result the S&P SL20 index dipped a marginally higher 20 points at its close. Crossings added 50% of the turnover: John Keells Holdings spearheaded the days turnover supported by a block of 2 mn shares at LKR210.0. On-board activity in the counter denoted some selling pressure as the counter slid 0.9% at its close to LKR212.3. Its Warrant 0022 encountered a block of 1 mn shares at LKR55.0 while Amana Bank added a crossing of 9.2 mn shares at LKR6.0. The three crossings contributed 50% to the days turnover.

S&P SL20 players among the top turnover slot: Several S&P SL20 counters traded in the top turnover slot. Aitken Spence entered the top turnover slot with an on-board block of 518k shares at LKR100.0. Interest extended in banks as Sampath Bank and Commercial Bank remained active and dipped 0.2% and 0.9% amidst selling pressure. National Development Bank also saw some buying interest denoting an intra-day gain of 0.5%.
Retail interest surrounded JINS & JKH Warrants: Retailers continued to active on selected counters. Jankashakthi Insurance gathered interest followed by its dividend announcement while John Keells Holdings and its Warrants were among most traded counters for the day.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) as at 21.02.2014 Inflation (%) Jan-14 YoY Change Annual Avg Week ending 21.02.2014 6.75 6.90 7.08 9.38 -56.21 4.4 6.5

6300 6200 6100 6000

Index

5900
5800 5700

ASPI Turnover LKR ('mn)

3500 3400 4,000 3,000 2,000 1,000 200.0

Volume ('mn)

150.0 100.0 50.0

Index

3300 3200

3100

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 5,937.3 3,237.8 1,070.8 8.2 38.9 228 2,479.4 244.1 682.6 -438.5 15.7 2.0 2.9 Today 13,344.0 20,247.3 2,751.7 1,714.1 759.8 3,128.3 559.9 2,863.2 710.5 168.6

Pre Day 5,956.2 3,257.5 851.6 6.5 51.1 237 2,487.3 311.2 469.4 -158.2 15.8 2.0 2.9 Pre Day 13,309.5 20,487.6 2,778.8 1,719.1 762.7 3,137.6 566.2 2,873.7 711.1 167.4

Change % -0.32% q -0.61% q 25.74% 25.74% -23.90% -3.80% -0.32% -21.58% 45.41% 177.18% -0.32% -0.32% 0.00% % Change 0.26% -1.17% -0.98% -0.30% -0.38% -0.30% -1.11% -0.36% -0.09% 0.66% p q q q q q q q q p

Last Week 6,083.4 3,325.8 665.0 5.1 34.7 231 2,539.5 227.0 108.0 119.0 16.1 2.0 2.8 Last Week 13,498.9 21,220.7 2,797.9 1,762.3 779.7 3,177.6 579.6 2,954.3 728.7 169.6

% WoW Change -2.40% -2.64% 61.02% 61.02% 12.11% -1.30% -2.37% 7.52% 531.88% -468.63% -2.37% -2.37% 3.57% % WoW Change -1.15% -4.59% -1.65% -2.74% -2.55% -1.55% -3.39% -3.08% -2.50% -0.60%

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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 8.5% 8.7% 2.8% 4.4% 3.1% 3.7% 2.4% 3.0% 2.0% 1.6% 2.5% 1.4% 1.3% 1.5% 1.1% 1.1%

Volume 2,208,953 2,096 777 1,046 15,725 325,095 541 275,288 628 624,964 22,295 3,006 320 23,602 316,032 600

Turnover LKR ('000) 464,476.10 2,424.12 271.95 2,143.41 660.51 37,390.40 311.60 2,531.81 95.85 62,497.29 4,637.29 225.44 44.48 3,353.28 53,714.20 35.72

Turnover USD ('000) 3,549.72 18.53 2.08 16.38 5.05 285.75 2.38 19.35 0.73 477.63 35.44 1.72 0.34 25.63 410.51 0.27

Intraday High (LKR) 215.00 1,175.00 350.00 2,057.00 42.80 116.00 587.00 9.20 152.80 102.00 208.10 75.00 139.00 142.10 170.50 60.00

Intraday Low (LKR) 211.00 1,152.00 350.00 2,020.00 41.50 114.50 575.00 9.10 152.50 99.30 207.00 74.20 139.00 142.00 169.50 59.30

Close 212.30 1,157.60 350.00 2,020.90 42.00 114.90 575.00 9.20 152.60 100.00 208.00 74.20 139.00 142.00 169.60 59.30

Price Gainers
Company
FINLAYS COLOMBO SHALIMAR PC PHARMA NUWARA ELIYA CEYLON LEATHER [W0014]

Price Losers
Today 301.90 996.50 1.10 1,246.30 1.30 Change + 31.90 + 96.50 + 0.10 + 96.30 + 0.10 % Change Company 11.81% 10.72% 10.00% 8.37% 8.33%
PCH HOLDINGS BRAC LNKA FNANCE BLUE DIAMONDS [X] BIMPUTH FINANCE CENTRAL IND.

Today 0.90 6.90 1.00 51.30 55.30

Change - 0.20 - 1.00 - 0.10 - 4.30 - 4.40

% Change -18.18% -12.66% -9.09% -7.73% -7.37%

Top 05 Performers for the Day

Company
JKH JKH[WARRANTS] JKH[WARRANTS] AITKEN SPENCE AMANA BANK

Today 212.30 56.40 61.00 100.00 5.10

Pre Day 214.40 56.00 59.00 101.00 5.20

% Change -0.98% 0.71% 3.39% -0.99% -1.92%

Volume (mn) 2.21 1.36 1.07 0.62 9.42

Contribution to Total T/O 18.7% 3.0% 2.6% 2.5% 2.3%

Turnover (LKR) 464,476,100 75,390,502 64,282,641 62,497,293 56,313,502

Most Active
Company
AMANA BANK FLC HOLDINGS JKH EXPOLANKA PCH HOLDINGS

Today 5.10 2.00 212.30 8.00 0.90

Pre Day 5.20 2.00 214.40 8.00 1.10

% Change -1.92% 0.00% -0.98% 0.00% -18.18%

Volume (mn) 9.42 6.63 2.21 1.59 1.56

Contribution to Total T/O 2.3% 0.5% 18.7% 0.5% 0.1%

Turnover (LKR) 56,313,502 13,157,512 464,476,100 12,917,006 1,407,084

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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 21.02.2014 117.58 21.48 179.51 2.10 1.28 217.97 130.85

CSE Announcements
Dividends
Company Janashakthi Insurance 0 0 0 0
Company Description

DPS (LKR) 1.00 0.00 0.00 0.00 0.00

Proportion 0 0

XD Date 31-03-2014 0 0 00-Jan-00 00-Jan-00

XR Date

Payment Date 08-04-2014 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
0

Type of Security
-

Code
1/0/1900

Board
1/0/1900

Offer Price
0.00

1/0/1900

1/0/1900

0.00%

Key Corporate Diclosures

0

Material Dealings by Related Parties of Listed Companies

Company KOTMALE HOLDINGS Name Cargills Qlty. Foods 0 Relationship Transaction Common Directors Purchase 0 0 Quantity 760,000 0 Price (LKR) 55.00 0.00 Date 20-02-2014 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 16,133.2 3,123.1 6,831.0 14,865.7

Change 92.7 1.5 18.0 416.5

Change % 0.58% p 0.05% p 0.26% p 2.88% p

Time* 16:15 05:40 05:40 01:28

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 102.53 88.60 611.00 1,320.80 327.60

Change -0.22 0.95 -2.50 3.90 -0.30

Change % -0.21% q 1.08% p -0.41% q 0.30% p -0.09% q

Time* 05:28 05:27 05:26 05:27 05:27

Source: www.bloomberg.com

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TOP STORIES
Local
Sri Lanka to launch two year tourism promotion campaign Sri Lanka will launch a "comprehensive mega tourism promotional campaign" to boost arrivals including from newly developing markets, starting this year, information minister Keheliya Rambukwelle said. Sri Lanka's Tourism Promotion Bureau is to spend up to 12.5 million US dollars on promotions over two year starting from 2014. Sri Lanka's top leisure firms have been calling for a country promotion campaign for several years to compete with similar campaigns by competitors in Asia but the call has been ignored by authorities so far. [Source: www.lbo.lk] Rupee ends at 2-month low The Sri Lankan rupee ended at its lowest in more than two months on Thursday due to importer dollar demand, dealers said, breaching a key barrier that the central bank had been defending since early December. The market expects slight depreciation in the local currency in the near future due to rising seasonal importer demand for dollars. The rupee is usually under pressure in March and early April due to seasonal imports ahead of the traditional new year in mid-April. [Source: www.ft.lk] Secondary bond market continues to be active Secondary bond market trades continued its active momentum with the two liquid 2018 maturities (i.e. 15 August 2018 and 1 April 2018) declining by eight basis points each to one month lows of 8.80% and 8.90% respectively. However, selling interest at these levels restricted any further decline in yields as activity dried up towards the later part of the day. A limited amount of activity was also witnessed on the 1 January 2017, 15 July 2017 and 1 July 2019 as well, at levels of 7.80% to 7.90%, 8.45% to 8.60%, and 9.05% to 9.10%. [Source: www.ft.lk] Inland Revenue's collection up by 16% in 2013 The Inland Revenue Department of Sri Lanka has recorded 16% increase in its total revenue collection in 2013 compared to last couple of years. This was revealed at the Inland Revenue Assessors' Association at its annual general meeting held in Colombo recently. Though the main objectives were not achievable easily this past year the commitment of the association has brought them closer to the mark in quick succession. [Source: www.dailynews.lk]

Global
U.K. Retail Sales Fall More Than Forecast on Clothes, Food U.K. retail sales fell more than economists forecast in January, led by a drop in demand at food and clothing stores. Sales including fuel plunged 1.5 percent from December, when they surged 2.5 percent, the Office for National Statistics said today in London. The drop, the biggest since April 2012, exceeded the 1 percent median forecast of 19 economists in a Bloomberg News survey. [Source: www.bloomberg.com] Japan Record Trade Gap Shows Risk of Abenomics Losing Steam Japans record trade deficit adds to sinking consumer confidence and an April sales-tax increase, threatening to undermine Prime Minister Shinzo Abes bid to engineer a sustained recovery. Credit Suisse Group AG yesterday cut its 2014 economic growth forecast for Japan to 1.6 percent from 2.2 percent, as the government reported a 2.79 trillion yen ($27.3 billion) trade shortfall for January. The full-year deficit for 2013 was an unprecedented 11.5 trillion yen. [Source: www.bloomberg.com]

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