Daily Trade Journal - 14.03.2013

7/29/2019 Daily Trade Journal - 14.03.2013

1/7

p

p

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]

YTD Performance

S&P SL 20 Index

38.4

261.2

3.3

368.2

107.0

Thursday, March 14, 2013

863.7

% ChangePoint ChangeToday

25.4

609.2

0.06 %

0.18 %

2,186.6

ASPI

S&P SL 20 Index

+ 3.16

+ 5.79

5,688.98

3,241.03

ASPI 0.8%

5.0%

Level 23, East Tower, World Trade Centre,

Colombo 01

Tel: +94 11 727 7000,

Fax: +94 11 727 7099

Email: [email protected]

CSE Diary for 14.03.2013

Indices ended flat with marginal gains:The Colombo

Stocks endured yet another ranging day with

lackluster performances on benchmark index. The

index witnessed a range play of 20 basis points

throughout the day before closing at 5,688.98 with a

marginal gain of 3 points. The gains recorded in

Lanka Orix Leasing (+5.5%) and John Keells Holdings

(+0.6%) and the losses denoted in Nestle Lanka (-

1.4%) and Ceylon Tobacco (-0.6%) weighted heavily

on the consolidation of the benchmark index. S&P

SL20 index too concluded with a marginal gain of 5

points at 3,241.03.JKH and Banking counters spearhead the daily

turnover: John Keells Holdings attracted notable

investor interest during trading and closed at a 52-

week high of LKR.239.0 (0.8%). Furthermore the

counter spearheaded the daily turnover led by four

off-board parcels of 555k shares dealt at a price ofLKR238.0. Sampath Bank and National Development

Bank made noteworthy contributions to the daily

turnover where the former recorded two off-the-floor

deals of 270k shares which were transacted at

LKR235.0. The latter which attracted considerable

interest during the last few trading sessions reached a

52-week high and ended at LKR.158.5 (+1.3%) while

recording a single crossing of 128k shares at a price of

LKR.158.0.

ODEL attracted heavy investor participation:The retail

fashion chain, ODEL, attracted significant investor

participation during the day. Interestingly, the

counter recorded four on-board transactions of

2.0mn shares traded at a price of LKR23.0 during the

morning session. ODEL ended flat at LKR.23.0.


2/7

Statistical Look Up

Treasury Bill (%) 15.03.2013

9.16

10.15

11.19

14.00

Inflation (%) Feb-13 9.8

8.6

All Share Price Index p

S&P SL20 Index p

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 p

Beverage, Food & Tobacco q

Construction & Engineering p

Diversified p

Healthcare q

Hotels & Travels p

Land & Property p

Manufacturing q

Plantation p

Telecom q

-0.76%

2.1

136.3

2,176.3

12,885.0

% Change

0.06%2.1

305.75%

15.4

-0.96%

0.58%

-0.51%

-0.04%

% WoW

ChangeLast Week

0.18%

-84.08%

-21.50%

-88.00%

2,312.6

2,185.3

18.0

-76.05%

-76.05%

% WoW

ChangeLast Week

2,543.6

20.1

1.71%

-0.58%

0.06%

Today

261.2

2.1

107.0

15.4

5,689.0

0.18%

2,186.6

2.3

368.2

36.29%

36.29%41.36%

-1.75%

4.825.4

225

3,241.0

447.0

3.5

229

609.2

0.06%

89.68%

-17.52%

Week ending

0.49%

-45.02%

-1.32%

0.18%

0.64%

0.16%

228

2,182.7

5,680.0

3,220.4

46.2

0.18%

0.00%

194.1

129.7

64.4

Change %

5,685.8

3,235.2

2.3

0.06% 15.4

Pre Day

12,728.5

16,198.9

1,859.4

3,303.6

463.8

0.70%

2,716.5

1,855.4

0.48%

-0.71%

1.06%

0.36%

2,701.3

16,177.5

464.7

166.9 168.4-0.12%166.7

2.3

2,558.8

16,083.6

2,729.9

1,866.1

12,946.5

Pre Day

0.00%

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 14.03.2013

Today

-22.26

601.9 612.9 -1.79% 585.9 2.73%

775.9 775.6 0.04% 784.4 -1.08%

2,578.5

3,343.9

0.16%

3,326.8

464.5

-0.73%2,577.6

5500

5600

5700

5800

5900

Index

ASPI

3140

3160

3180

3200

3220

3240

3260

3280

3300

Index

S&P SL20

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

0

500

1,000

1,500

2,000

2,500

3,000

Volume('mn)

TurnoverLKR('mn)

Turnover Volume

Page | 2.


3/7

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

JKH

SAMPATH

ODEL PLC

NAT. DEV. BANK

LOLC

Most Active

Close

238.60

805.00

237.00

825.00

154.30

118.30

708.40

9.00

Volume (mn)

0.7%

Turnover

(LKR)

2.1%

169,045,559

41,189,816

34,944,423

106,183,240

46,050,269

1.31

0.45

0.60

1.2% 25,182,001

14,265,334

4.9%

23.00

158.00

58.00

ODEL PLC 23.00

FREE LANKA 2.50

% Change

CITRUS LEISURE

COMM LEASE & FIN 4.50

2.00

3.72

2.35

4.40

0.00%234.00

2.00

0.260.96%

1.12

0.00%

4.17%

0.00%

1.9%

1.6%

0.3%

Contribution to

Total T/O

5,026,504

5.45%

19.10

5,874,457

46,050,269

70.78

TALAWAKELLE

C.W.MACKIE

Pre Day

0.63%237.10 7.7%0.71

Volume (mn)% Change

9.13%

+ 4.50 12.82%

238.60

CompanyContribution to

Total T/O

120.00

2.1%

0.2%

Turnover

(LKR)

150.00

4.92

0.36

110.00

55.00

150.00

41.80

106,183.24

70.00

234.00

153.00

42.00

707.50

68.50

4.10

2.30

TodayCompany

150.00

MALWATTE [X]

63.10

840.52

0.000.21

15.06

1,578.93

621.20

276.61

Today

9.01%

Turnover

USD ('000)

235.5021.21%

Intraday

Low (LKR)

Turnover

LKR ('000)

1,826.22

34,944.42

14.46

12.50

805.00

169,045.56

Intraday

High (LKR)

239.00

0.15

117.70

233.20

118.00

170.00

42.80

8.90

% Change

JOHN KEELLS HOLDINGS 710,511

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 3

1.5%

2,524491

8,953

9.3%

6.9%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

4.0%

3.3%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

7.27

1,620.00

111.00

18.69

3.01

LOLC

AITKEN SPENCE 119.00

2.3% 7.06

380.30

156.90

1,110.56800.24

8.796.33

440.00

725.00

9.10

1,620.80

110.40

443.501,640.00

1,902.23

892.22

3.9%

2.2%

1.3%

2,229

69,020

12,380

158

4.0%

174.00

58.50

3.4%

170.30

58.00

440.00

3.5%

234.00

0.00%

1.7%

2.2%

Change

- 27.50

- 6.30

- 0.40

- 0.20

% Change

235.00

156.50

55.00

23.00

CEYLON LEATHER [W 0013]

+ 2.20

ASIRI CENTRAL

70.00

119.80

Volume

1,338.12

0.00%

2.27%

16,572

8,941.10

45.75

1,141 918.68

1.4%

Change

2,197.00

Company% of

Mkt Cap

19.10

Today Pre Day

4.00

2.40

23.00

+ 384.50

DISTILLERIES

75,662

451,873

PC HOUSE 4.00

Company

5,210

603,585

305

ROYAL PALMS

KALAMAZOO

Company Today

1.5%

HARISCHANDRA

S M B LEASING [X] 0.40 + 0.10 33.33% ENVI. RESOURCES [W 0006] 2.10 - 0.40 -16.00%

-8.00%

-8.89%

-10.46%

-9.08%

2,410.80

26.30

39.60

+ 199.30

Page | 3.


4/7

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Ceylinco Insurance PLC

Yuan Talawakelle Tea Estates PLC

Euro 0

Rupee 0

Yen 0

Ringgit 0

Rouble 0

Riyal 0

Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization

Franc Company

Baht No Announcements

Pound 0

Dollar 0Source: www.cbsl.gov.lk

Global Markets

p

p

p

p

p

p

* Time is as at ET Source: www.bloomberg.com

Commodit Markets

Crude Oil (Brent) p

Crude Oil (WTI) q

ICE Cotton #2 p

CBOT Wheat p

COMEX Gold q

COMEX Silver q

COMEX Copper p

* Time is as at ET Source: www.bloomberg.com

00-Jan-00

19-04-2013

02-05-2013

1/0/1900

00-Jan-00

Description

0.00

0.00

0 1/0/1900

0

XR Date

00-Jan-00

00-Jan-00

00-Jan-0000-Jan-00

Renunciation

00-Jan-00

0.00

Time*

USd/bu.

89.05

Price

109.00

92.31

USD/bbl.

101.23

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

188.81

12.50

2.50 23-04-2013

10-04-2013

126.33

0.0033.69

Malaysia

4.10

130.97

20.32

2.33

1.32

40.62

India

Currency

163.78

Indicative Rate

14.03.2013

China

0

Payment DateDPS (LKR) XD Date

6,497.2

Singapore

Switzerland

Thailand

UK

0.20

62.5

0

2,725.4

132.72

1/0/1900

1/0/1900

4.26

USA

02:28

16.8

1/0/1900

Change

0.75%

141.5

04:01

0

00-Jan-00

1/0/1900

1/0/1900

07:08

07:08

0.24%

07:08

Company

07:06

07:03

07:08

0-Jan

0-Jan

07:04

07:03

Time*

07:08

0.07%

Change %

0.21%

-0.79%

0.44%

-0.28%

1.16%

0.28%

-0.36%

2.0

Change

0.50%0.44

0

-0.09

Change %

352.80

USD/t oz.

USD/t oz. -0.19

711.50

0.70

28.75

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

12,381.2

Value

14,455.3

1,554.5

USD/bbl.

USd/lb.

USd/lb.

AMERICA

1.50

METALS

ENERGY

Commodity

22,619.2

Units

0

18.6

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

0.04%

0.13%

5.2

Russia

Saudi Arabia

Japan

1,583.30 -4.40

Australia

Page | 4.


5/7

Softlogic Equity Research Page | 5

CSE Announcements

PC House [PCH: LKR4.0]: The Board of Directors at its Board Meetingheld on the 13th March 2013 decided to offer shares by way of a Rights Issue to

the existing Shareholders of PCH, as per the details set out below. Purpose of

the proceeds is to meet the working capital requirements.

Kegalle Plantations [KGAL:LKR110.0]: RPC Plantation Management Services Private Limited increased theirstake in KGAL to 71.77% via purchasing 10,000 shares at a consideration of LKR1,112,320.

Local News

Sri Lanka faces growth and external pressures: Moodys: Moodys Investors Service said that Sri Lankaseconomy faces slower growth and elevated external pressure in the year ahead. Although the Government

will likely continue to make gradual progress in reducing its deficit, the debt burden will remain high. The

absence of a new funding program is credit negative from the perspectives of external payments and

growth, the rating agency said. Moodys views were contained in a just-released report, titled Sri Lanka

The Post-IMF Backdrop: Downward Growth Pressures and Elevated External Pressures. The special comment

examines the credit implications of Sri Lankas (B1/Positive) decision on 12 February to not seek a new

funding program from the IMF, following the successful completion of a USD2.6 bn Stand-by Arrangement in

2012. The B1 rating on Sri Lanka takes into account the notable progress that the country has made over the

last three years, since the civil war ended in May 2009. However, given the challenging macroeconomicbackdrop, the reports conclusion is that a follow-up funding program would have augmented international

reserves directly through borrowed IMF resources. Through enhanced policy certainty under an IMF funding

program, investor confidence would likely have been bolstered. And in doing so, it would have provided

additional support to the balance of payments and economic growth prospects.

[Source: www.ft.lk]

Sri Lanka court order arrest of Vietnam flagged tanker: Vinalines Glory, a Vietnam flagged oil productstanker had been ordered to be arrested by a court in Sri Lanka in a dispute over a cargo of contaminated

diesel which was refused by the importer. The vessel carried a cargo of 26,000 metric tonnes of petrol and

5,000 tonnes of diesel for Lanka IOC [LIOC: LKR20.6], a unit Indian Oil Corporation which has a petroleum

distribution operation in Sri Lanka. A part of petrol consignment was discharged in Colombo and the balance

at the Eastern port of Trincomalee. The diesel which was found to be off specification in colour was denied

permission for unloading following tests by a common user facility operator. The cargo had to be returned to

the supplier in Singapore, who had said the diesel was according to specifications when it was loaded. A

Lanka IOC official said they had sought a court order to recover freight and other costs from the ship.

[Source: www.lbo.lk]

January tourist arrivals up 13.4%: Sri Lankas tourist arrivals rose 13.4% year on-year (YoY) to 97,411 inJanuary, the unusually delayed data issued by the Sri Lanka Tourism Development Authority showed. Arrivals

from Western Europe rose 13.7% YoY to 41,484 visitors, with tourists from Germany and the UK accounting

for nearly 17,000. Tourists from Eastern European countries including Russia and Ukraine rose 18.2% YoY to

8,083, while the number of Middle Eastern tourists who arrived in Sri Lanka in January rose to 4,077 from

3,950 in the same month of 2012. Arrivals from East Asia, which includes China rose 7.6% YoY to 10,039

visitors, while visitors from neighbouring India rose 7% YoY to 15,631. Arrivals hit a record high of over one

Number of shares Proportion Price ConsiderationCurrent Stated

Capital (LKR)

114,466,667 1 for 2 LKR10.0 343,400,001 801,266,674


6/7


million last year with annual revenue from tourism also jumping to an all-time peak of USD1.04 bn,

exceeding government estimates.

[Source: www.dailymirror.lk]

Lanka-Iraq JEC advanced to July: As trade between Sri Lanka and Iraq reported a huge tenfold rise, bothbilateral trade partners are advancing the next joint sessions to as early as July 2013. I am pleased to inform

you that we have had several successful outcomes from my recent official visit to Iraq. The eighth JointEconomic Commission between Sri Lanka and Iraq is now scheduled to take place in the first week of July

2013 in Baghdad, announced Rishad Bathiudeen, Minister of Industry and Commerce while addressing a

special session held at the EDB premises to brief exporters on the outcome of his visit to Baghdad on 25-26

February. Surging Iraq is billed to be a very promising marketas it is now projected to become the second

largest global oil supplier by 2020 by the international oil industry. According to the Department of

Commerce of Sri Lanka, Sri Lankas trade with Iraq has been increasing over the past several years. The value

of total trade between the two countries, which stood at USD8.72 mn in 2003, has increased tenfold to

USD87.28 mn in 2012.

[Source: www.lbo.lk]

Global News

Indian Inflation Unexpectedly Quickens in Dent to Rate-Cut Case: Indias inflation unexpectedly acceleratedin February from a three-year low, limiting scope for the central bank to cut interest rates as the authority

prepares to review monetary policy next week.Todays data adds to signs of persistent price pressures in

Asias No. 3 economy, after a separate report this week showed consumer -price gains accelerated to a

record 10.9% last month. Inflation and risks from the current-account deficit may limit Reserve Bank of India

Governor Duvvuri Subbarao to a quarter-point reduction in the benchmark rates next week, according to a

Bloomberg News survey.

[Source: www.bloomberg.com]

US retail sales beat forecasts: US consumers shrugged off higher taxes to boost retail spending by 1.1% inFebruary from the month before. It was the biggest rise in five months. About half the increase was due to

higher petrol prices, but consumers also increased spending on a range of other goods, from cars to clothing

to homeware and furniture. The government figures surprised economists, who thought payroll tax

increases - which went into effect in January - would hurt spending. A separate government release showed

that businesses are also optimistic, with inventories increasing by 1% in January. Growing inventories

indicate that businesses expect demand to pick up in the future, and sluggish inventory growth was one of

the contributors to tepid economic growth in the last quarter.

[Source: www.bbc.co.uk]


7/7


Softlogic Equity ResearchDimantha Mathew

[email protected]

+94 11 7277030

Kavindu Ranasinghe

[email protected]

+94 11 7277031

Imalka Hettiarachchi

[email protected]

+94 11 7277032

Softlogic Equity SalesBranches

Horana

Madushanka Rathnayaka

No. 101, 1/1, Aguruwathota Road, Horana

[email protected]

+94 34 7451000, +94 77 3566465

Negambo

Krishan Williams

No. 121, St. Joseph Street Negambo

[email protected]

+94 31 2224714-5, +94 77 3569827

Kurunegala

Bandula Lansakara

No.13, Rajapihilla Mawatha, Kurunegala

[email protected]

+94 37 2232875, +94 77 3615790

Matara

Lalith Rajapaksha

No.8A, 2nd Floor, FN Building, Station Road, [email protected]

+94 41 7451000, +94 77 3031159

Dihan Dedigama

[email protected]

+94 11 7277010, +94 77 7689933

Chandima Kariyawasam

[email protected]

+94 11 7277058, +94 77 7885778

Shafraz Basheer

[email protected]

+94 11 7277054, +94 77 2333233

Sonali Abayasekera

[email protected]

+94 11 7277059, +94 77 7736059

Thanuja De Silva

[email protected]

+94 11 7277053, +94 77 3120018

The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled or arrived at based upon

information obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no guaranty, representation

or warranty, express or implied is made as to its accuracy, completeness or correctness. All such information and opinions ar e subject to change without notice. This

document is for information purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and

this document is not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell any securities or other financial instruments.

Softlogic Stockbrokers (Pvt) Ltd may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which

they are based before the materialized disseminated to their customers. Not all customers will receive the material at the same time. Softlogic Stockbrokers, their

respective directors, officers, representatives, employees, related persons and/or Softlogic Stockbrokers, may have a long or short position in any of the securities or

other financial instruments mentioned or issuers described herein at any time and may make a purchase and/or sale, or offer t o make a purchase and/or sale of any

such securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal or agent. Softlogic Stockbrokers

may make markets in securities or other financial instruments described in this publication, in securities of issuers described here in or in securities underlying or

related to such securities. Softlogic Stockbrokers (Pvt) Ltd may have recently underwritten the securities of an issuer mentioned herein. This document may not bereproduced, distributed, or published for any purposes.

Documents

Daily Trade Journal - 14.03.2013