Weekly

Week V : 28th March - 01st April 2016

BRS Weekly Market Report

BRS Market Report

Week V : 28th March - 01st April 2016

65, Braybrooke Place, Colombo 2, Sri Lanka research@bartleetreligare.com +94 11 5220200

Week V : 28th March - 01st April 2016

BRS Weekly Market Report

The Week at a Glance

SL Market Indices
Current
Week

ASPI

6,083.01

Previous
Week

Change
(Points)

%
Change

-9.44

-0.15%

6,092.45

Current
Week

S&P SL20

Activity rises during latter part of the week

The Colombo bourse started off the week, following the Easter weekend, with a
decline in both indices, which continued for a second day. However, the indices took
a turn on Wednesday as bargain hunters gathered around low priced growth stocks,
in the absence of Institutional participation. The market gained momentum subsequently to continue in a positive direction during the last two days of the week.
However, on a week on week basis, the benchmark ASPI declined 9.44 points, while
the S&P SL20 index appreciated 14.71 points to close the week at 6,083.01 points
and 3,212.01 points respectively.
ASIR; the top contributor to the market
ASIR contributed the most to the cumulative market turnover, aided by seven negotiated deals on both Monday and Friday. The cumulative turnover of the stock recorded at LKR 1.33bn contributing ~32% to the market. The stock closed LKR 0.90
higher at LKR 24.30. Conglomerate JKH followed the turnover rankings with a contribution of ~13% to the market turnover, aided by a few crossings on Wednesday and
Friday.
BFI counters close flat post ex dividend dates
The interest on banking sector counters was relatively low, as the Ex dividend dates
have ended, thus, making the new investors ineligible for the announced dividends.
Footwear & Textiles sector emerged as the top sector gainer, while Beverage, Food
& Tobacco sector emerged as the top sector loser.
Average daily turnover at LKR 829mn
The cumulative turnover for the week recorded at LKR 4.14bn, with an average daily
turnover of LKR 829mn. Crossings accounted for ~93% of the total turnover, mainly
aided by the crossings on ASIR, which accounted for LKR 1.29bn. The retail participation remained low, while the Institutional investors and foreigners seemed to be
more active during this week. However, the foreigners aligned on to the selling side,
recording a net foreign outflow of LKR 163mn.

Previous
Week

3,212.01

3,197.30

Change
(Points)

%
Change

14.71

0.46%

Global Market Indices

Current
Week
DOW JONES

Previous
%
Week Change

17,685.09

17,502.59

1.04%

NASDAQ

4,869.85

4,768.86

2.12%

FTSE

6,108.65

6,114.16

-0.09%

DAX

9,807.32

9,872.16

-0.66%

NIFTY

7,718.05

7,716.50

0.02%

HANG SENG

20,498.92

20,345.61

0.75%

NIKKEI

16,164.16

16,892.33

-4.31%

CSE Market Statistics

Current Week
Turnover LKR

4,144,580,791

Volume Shares

162,054,691

Foreign Purchases LKR

986,380,915

Foreign Sales LKR

1,149,634,614

Net In/Outflow LKR

(163,253,699)

All Share Price Index

6,100

6,075

6,083.01

6,062.05
6,071.88
6,050

SL FX Rates

6,040.99

6,025

6,031.85

6,000
28-Mar-16

29-Mar-16

30-Mar-16

31-Mar-16

1-Apr-16

Current
Value

Previous
Week

USD

147.23

147.87

-0.43%

POUND

212.62

209.26

1.61%

EURO

168.88

166.12

1.66%

1.32

1.32

0.37%

YEN

%
Change

Week V : 28th March - 01st April 2016

BRS Weekly Market Report

The Week at a Glance

Weekly Summary
MONDAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

All Share Index

6,062.05

6,031.85

6,040.99

6,071.88

6,083.01

S&P SL 20 Index

3,194.84

3,181.64

3,188.26

3,204.44

3,212.01

Equity Turnover (LKR)

397,428,951

273,599,065

769,502,648

690,946,254

2,013,103,873

Domestic Purchases (LKR)

358,450,416

162,508,191

491,200,115

474,849,797

1,671,191,358

Domestic Sales (LKR)

300,140,003

215,354,196

607,858,774

435,850,189

1,435,743,015

Foreign Purchases (LKR)

38,978,536

111,090,874

278,302,533

216,096,457

341,912,515

Foreign Sales (LKR)

97,288,948

58,244,869

161,643,874

255,096,065

577,360,858

Vol of Turnover

17,147,913

8,430,330

35,830,318

25,959,218

74,686,912

% Vol of Foreign Turnover

9.3%

14.7%

16.9%

15.3%

7.6%

Total no. of Trades

3,131

3,634

3,539

4,106

4,291

% of Foreign Trades

5.0%

5.4%

3.6%

7.3%

6.9%

2,591,065,299,101

2,569,103,187,536

2,572,996,908,542

2,586,153,933,663

2,590,895,382,538

Market Capitalization (LKR)

Foreign Purchases vs Sales

Net Position on Foreign Holdings

LKR mn

LKR mn

150

700

100
600

50

500

400

-50
-100

300

-150

200

-200

100

-250
-300

28-Mar-16
28-Mar-16

29-Mar-16

30-Mar-16

Foreign Purchases

31-Mar-16

29-Mar-16

30-Mar-16

31-Mar-16

1-Apr-16

1-Apr-16

Foreign Sales

WEEKLY CSE ANNOUNCEMENTS

Dividend
Company

CODE

DPS (LKR)

Final/Interim

Sanasa Development Bank PLC

SDB

2.50

Final

Central Finance Company PLC

CFIN

1.00

Second

08.04.2016

12.04.2016

Sri Lanka Telecom PLC

SLTL

0.89

First and final

13.05.2016

24.05.2016

Lanka Ceramic PLC

CERA

5.00

Second

08.04.2016

22.04.2016

Richard Pieris and Company PLC

RICH

0.50

Interim

11.04.2016

22.04.2016

Haycarb PLC

HAYC

2.00

Interim

11.04.2016

25.04.2016

Scrip dividend
Company
Sanasa Development Bank PLC

XD

Dates to be notified

CODE

Propotion

XD

SDB

1 for 21.9 shares

Dates to be notified

PD

Week V : 28th March - 01st April 2016

BRS Weekly Market Report

The Week at a Glance

Top 5 Sector Gainers & Losers
2.8%
2.2%
1.4%

F&T

C&P

HLT

1.2%

1.0%

MFG

TRD

Footwear and textiles emerged as

the top sector
gainer for the
week
BFT

TEL

INV

IT

-1.4%

-1.3%

-1.2%

MTR

-1.1%

-1.8%

Sector Multiples
SECTOR

BFI

BEV

C&P

C&E

DIV

F&T

HLT

PER (x)

9.3

17.9

16.3 17.6 15.9

N/A

29.4 125.1 8.1

N/A

9.4

17.1

9.4 116.3 29.3

9.1

49.3

15.1

14.6

7.1

PBV (x)

1.2

4.6

1.4

1.2

2.7

1.0

0.9

2.5

1.0

1.3

1.6

1.4

1.3

0.9

1.1

1.5

H&T

4.3

INV

0.7

IT

L&P MFG MTR

OIL

2.6

PLT

0.6

P&E SERV S&S TELCO TRD

Weekly Crossings
Code

No of Crossings

Total Shares

Price (LKR)

Monday

ASIR

5,878,503

24.00

Tuesday

LION

76,900

500.00

DPL

13,501,963

8.00

JKH

182,903

150.00

SPEN

1,013,000

72.50

SUN

1,000,000

51.00

COCO

1,555,135

23.00

HNB

928,303

200

HHL

460,000

82.50

ASIR

47,828,274

24.00

JKH

530,000

148.50

Wednesday

Thursday

Friday

Crossings
accounted for
~93% of the total
market turnover.

Abbreviations
B A NK S FINA NCE & I NSURANCE

B FI

CHE M I CA LS & P HA RM A

C&P

DIV E RSIFI E D

DIV

HE A LT HCA RE

HLT

INV E ST M E NT T RUST

B E V E RA GE FOOD & T OB A CCO

B FT

CONST RUCT ION & E NG

C&E

FOOT WE A R & T E X T ILE S

F&T

HOT E LS A ND T RA V E L

H&T

IT

IT

LA ND A ND P ROP E RT Y

L&P

M OT ORS

MTR

P LA NT A T I ONS

P LT

SERV I CE S

SRV

T E LE CO

T EL

M A NUFA CT URI NG

M FG

OI L P A LM S

OIL

P OWE R A ND E NE RGY

P &E

ST ORE S A ND SUP P LIE S

S&S

T RA DING

T RD

I NV

Week V : 28th March - 01st April 2016

BRS Weekly Market Report

BRS Stocks in Focus

MPS

MTD

YTD

Historical

Trailing

Forecasted

Forward

DPS

Dividend

NAV

PBV

(LKR)

change %

Change %

EPS (LKR)

PER (x)

EPS (LKR)

PER (x)

(LKR)

Yield (%)

(LKR)

(x)

Banks, Finance & Insurance

CFIN

210.00

0.00%

-17.00%

34.64

6.06

37.09

5.66

3.50

1.67%

255.07

0.82

CINS

1,498.00

0.00%

0.83%

96.46

15.53

N/A

N/A

20.00

1.34%

630.62

2.38

CINS(X)

782.00

0.00%

-2.25%

96.46

8.11

N/A

N/A

20.00

2.56%

630.62

1.24

COMB

123.60

-1.51%

-11.84%

13.01

9.50

N/A

N/A

6.50

5.26%

80.93

1.53

COMB(X)

109.00

-1.98%

-11.38%

13.01

8.38

N/A

N/A

6.50

5.96%

80.93

1.35

DFCC

139.10

1.53%

-17.25%

16.46

8.45

N/A

N/A

2.50

1.80%

164.90

0.84

HASU

53.00

-1.85%

-28.95%

3.95

13.42

N/A

N/A

2.00

3.77%

45.68

1.16

HNB

200.00

0.35%

-5.03%

26.09

7.67

N/A

N/A

8.50

4.25%

186.20

1.07

HNB(X)

170.00

-0.58%

-4.44%

26.09

6.52

N/A

N/A

8.50

5.00%

186.20

0.91

NTB

73.90

-0.40%

-14.37%

11.34

6.52

N/A

N/A

2.10

2.84%

65.79

1.12

NDB

170.00

0.71%

-12.42%

21.51

7.90

N/A

N/A

11.00

6.47%

172.35

0.99

SAMP

220.10

-2.61%

-11.25%

38.44

5.73

35.33

6.23

13.00

5.91%

226.96

0.97

SEYB

83.50

-2.91%

-12.11%

11.18

7.47

N/A

N/A

2.75

3.29%

76.21

1.10

SEYB(X)

61.90

-1.75%

-15.21%

11.18

5.54

N/A

N/A

2.75

4.44%

76.21

0.81

JINS

15.60

-2.50%

-10.86%

2.92

5.34

N/A

N/A

1.00

6.41%

11.59

1.35

CTC

1,005.10

-0.67%

1.27%

56.77

17.70

N/A

N/A

45.15

4.49%

15.41

65.22

DIST

210.00

1.84%

-14.63%

24.58

8.54

22.20

9.46

3.25

1.55%

204.46

1.03

NEST

2,030.00

0.08%

-0.95%

76.77

26.44

N/A

N/A

64.50

3.18%

84.16

24.12

CIC

95.50

0.00%

-4.79%

13.10

7.29

11.80*

8.09

3.00

3.14%

84.99

1.12

CIC(X)

71.50

0.00%

-11.95%

13.10

5.46

11.80*

6.06

3.00

4.20%

84.99

0.84

106.30

-1.67%

-29.18%

4.05

26.25

14.67

7.25

3.00

2.82%

156.65

0.68

CARS

274.90

1.81%

-20.57%

15.77

17.43

9.85*

27.91

1.00

0.36%

211.56

1.30

HAYL

246.90

0.49%

-19.68%

34.42

7.17

34.31*

7.20

6.00

2.43%

388.05

0.64

HHL

82.50

2.36%

-11.19%

3.74

22.06

5.22*

15.80

1.10

1.33%

30.39

2.71

JKH

149.10

0.74%

-16.28%

11.37

13.11

14.47

10.30

5.50

3.69%

126.39

1.18

SPEN

72.50

-1.36%

-25.03%

6.60

10.98

6.90*

10.51

1.50

2.07%

88.18

0.82

SUN

50.00

0.00%

-6.02%

4.50

11.11

5.09

12.80

0.95

1.90%

42.08

1.19

SUN

50.00

0.00%

-6.02%

4.50

11.11

2.91

12.80

0.95

1.90%

16.55

1.19

Beverage, Food & Tobacco

Chemicals & Pharmaceuticals

Construction & Engineering

DOCK

Diversified

1 Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits,
bonuses and share consolidations.
2 * Annualized EPS
3 ** Companies who have paid both cash and scrip dividends during the last FY. However, DPS here only represents cash dividend
4 DPS figures represent per share dividend paid during the last FY and are adjusted for splits, bonus issues and share repurchases

Week V : 28th March - 01st April 2016

BRS Weekly Market Report

BRS Stocks in Focus

MPS

MTD

YTD

Historical

Trailing

Forecasted

Forward

DPS

Dividend

NAV

PBV

(LKR)

change %

Change %

EPS (LKR)

PER (x)

EPS (LKR)

PER (x)

(LKR)

Yield (%)

(LKR)

(x)

Healthcare
CHL

90.00

0.00%

-11.07%

9.38

9.59

N/A N/A

2.70

3.00%

88.62

1.02

CHL(X)

76.60

4.08%

2.13%

9.38

8.17

N/A

N/A

2.70

3.52%

88.62

0.86

AHPL

47.00

-1.67%

-20.47%

3.70

12.70

3.85

12.21

4.00

8.51%

53.56

0.88

AHUN

54.50

2.83%

-19.85%

5.51

9.89

N/A

N/A

1.50

2.75%

52.85

1.03

CONN

60.50

0.00%

-9.30%

5.15

11.75

N/A

N/A

5.00

8.26%

64.41

0.94

EDEN

15.90

-0.62%

-9.14%

(4.75)

N/M

N/A

N/A

0.00%

39.28

0.40

KHL

12.00

0.00%

-22.08%

1.24

N/M

1.12

10.71

0.30

2.50%

14.73

0.81

PALM

29.90

0.00%

-21.52%

(5.89)

N/M

N/A

N/A

0.00%

73.97

0.40

SHOT

27.50

0.00%

-16.92%

1.72

15.99

N/A

N/A

0.00%

19.02

1.45

STAF

42.00

0.00%

-20.00%

5.25

8.00

N/A

N/A

1.00

2.38%

43.14

0.97

ACL

100.10

-0.79%

-17.20%

14.35

6.98

19.00

5.27

2.00

2.00%

134.88

0.74

KCAB

115.00

2.22%

-10.30%

14.78

7.78

19.00*

6.05

3.00

2.61%

138.40

0.83

LLUB

307.60

0.85%

-10.58%

25.73

11.95

27.01

11.39

23.00

7.48%

39.03

7.88

LWL

98.70

-0.10%

-10.11%

19.12

5.16

28.07

3.52

7.50

7.60%

134.92

0.73

TJL

32.50

2.52%

-8.45%

2.03

16.01

3.03

10.73

1.30

4.00%

14.35

2.26

RCL

100.10

0.00%

-9.98%

18.97

5.28

25.57

3.91

5.00

5.00%

66.81

1.50

TKYO

37.40

1.08%

-23.67%

5.40

6.93

5.06

7.39

1.19

3.18%

32.39

1.15

TKYO(X)

34.30

6.19%

-13.16%

5.40

6.35

5.06

6.78

1.19

3.47%

32.39

1.06

DIAL

10.20

0.00%

-4.67%

0.64

15.94

0.96*

10.63

0.13

1.27%

5.81

1.76

SLTL

37.30

-3.87%

-20.64%

2.06

18.11

3.72*

10.03

0.89

2.39%

36.15

1.03

AGAL

22.80

20.00%

11.22%

(16.21)

N/M

N/A

N/A

0.00%

25.17

0.91

KGAL

52.10

2.76%

-21.65%

6.76

7.71

N/A

N/A

2.00

3.84%

102.50

0.51

KOTA

15.10

0.00%

-15.17%

(9.53)

N/M

N/A

N/A

0.00%

49.70

0.30

KVAL

65.00

0.00%

-7.14%

(4.44)

N/M

N/A

N/A

1.00

1.54%

72.80

0.89

MAL

2.60

4.00%

-23.53%

(1.07)

N/M

N/A

N/A

0.03

0.96%

72.81

0.22

WATA

19.90

3.11%

-18.11%

1.84

10.82

N/A

N/A

0.50

2.51%

19.50

1.02

TPL

32.50

0.00%

2.85%

5.82

5.58

N/A

N/A

3.00

9.23%

68.89

0.47

LIOC

32.70

0.62%

-11.86%

(0.72)

N/M

N/A

N/A

1.50

4.59%

31.64

1.03

HPWR

22.20

0.00%

-11.20%

1.76

12.61

2.58*

8.60

0.00%

16.41

1.35

Hotels & Travels

Manufacturing

Telecommunications

Plantations

Power & Energy

1 Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits,
bonuses and share consolidations.
2 * Annualized EPS
3 ** Companies who have paid both cash and scrip dividends during the last FY. However, DPS here only represents cash dividend
4 DPS figures represent per share dividend paid during the last FY and are adjusted for splits, bonus issues and share repurchases

Week V : 28th March - 01st April 2016

BRS Weekly Market Report

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milindu@bartleetreligare.com

(057)2225537

indrajith@bartleetreligare.com

Jaffna

(021)2221800

(021)2220145

(021)5671115

mohan@bartleetreligare.com

Kandy

(081)5622779

(081)5622781

(081)2203710

dayananda@bartleetreligare.com

Kiribathgoda

(011)5238065

(011)2916711
(041)5410006

heshan@bartleetreligare.com

Matara

(041)5410005

Negombo

(031)5677838

Panadura

(038)2239610

Polonnaruwa

(027)5678995

mahesh@bartleetreligare.com

Vauniya

(024)5679544

mohan@bartleetreligare.com

Wellawatta

(011)5633733

upul@bartleetreligare.com

(041)2232985 (041)2234926

thilina@bartleetreligare.com
samith@bartleetreligare.com

(038)5678617

duminda@bartleetreligare.com

DISCLAIMER: In compiling this report, Bartleet Religare Securities (Pvt) Ltd has made every endeavour to ensure its accuracy but cannot hold ourselves
responsible for any errors that may be found herein. We further disclaim all responsibility for any loss or damage which may be suffered by any person
relying upon such information or any options, conclusions or recommendations herein whether that loss or damage is caused by any fault or negligence
in the part of Bartleet Religare Securities (Pvt) Limited.