Daily Trade Journal - 19.06.2013

7/28/2019 Daily Trade Journal - 19.06.2013

1/7

p

q

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]

10.0%

13.3%

ASPI

S&P SL 20 Index

+ 16.23

- 1.44

6,209.23

3,495.68

ASPI

Wednesday, June 19, 2013

921.8

% ChangePoint ChangeToday

12.7

343.8

0.26 %

-0.04 %

2,384.6

YTD Performance

S&P SL 20 Index

40.7

64.2

16.1

155.5

91.3

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 19.06.2013Market gains 16 points: The bourse started off the

day on a positive note gaining 42 points to 6,235

during the 1st hour of trading. The index adopted

a downward trend afterwards but creating a

volatile market pattern. However the index

stayed in the green throughout the day to finally

close with a gain of 16 points. NDB CapitalHoldings, Ceylon Tobacco Company and John

Keells Holdings were the main positive

contributors to the index.Commercial Bank seals top turnover slot:

Commercial Bank led the turnover list with a

single crossing of 410k shares dealt at LKR117.0.

On-board trading in the counter was also high

with the counter registering 3 mid-sized blocks of

112k, 50k and a further 50k at a similar price ofLKR116.2. Other banking sector giants; Sampath

Bank and Hatton National Bank also registered

investor interest.

Conglomerates attain investor attention:

Conglomerates; John Keells Holdings and

Distilleries gained investor interest with the former

recording 153k in volume while the latter

recorded 201k in volume. No major blocks were

traded in the counters while both recorded

gains in their closing prices which were atLKR265.0 (+0.4%) and LKR193.0 (+0.5%)

respectively.Retailers on the side lines: Retailers continued to

remain watchful in a rather volatile market

where turnover and volumes have died down

amidst selling pressure. Most retail favourite

counters were also noted to be in negative

territory.

Bourse reverses to the

green bu t turnover remains

low


2/7

Statistical Look Up

Treasury Bill (%) 21.06.2013

8.66

9.80

10.85

12.69

Inflation (%) May-13 7.3

8.8

All Share Price Index p

S&P SL20 Index q

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 p

Hotels & Travels p

Land & Property p

Manufacturing p

Plantation q

Telecom q

677.3 673.4 0.58% 687.6 -1.50%

790.5 793.4 -0.37% 810.3 -2.45%

3,143.1

3,539.9

1.39%

3,502.2

616.6

0.88%3,054.4

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 19.06.2013

Today

-16.11

162.5

2.2

3,081.4

19,138.4

2,885.5

2,030.6

13,515.9

Pre Day

0.00%

162.8 165.9-0.18%

13,763.9

19,141.0

2,027.3

3,487.7

608.1

0.42%

2,938.9

2,061.3

0.25%

-0.01%

0.04%

0.16%

2,884.4

19,064.1

617.8

92.1

59.4

32.7

Change %

6,193.0

3,497.1

2.1

0.26% 17.1

Pre Day

Week ending

-1.82%

-39.95%

1.27%

-1.20%

-1.57%

-1.20%

236

2,413.6

6,284.8

3,551.4

21.1

-1.20%

4.76%

-0.04%

2,384.6

2.2

155.5

17.85%

17.85%-46.63%

-3.24%

2.712.7

239

3,495.7

291.7

2.3

247

343.8

0.26%

68.85%

53.63%

Today

64.2

2.3

91.3

16.9

6,209.2

2,378.4

23.8

-39.28%

-39.28%

% WoW

ChangeLast Week

566.3

4.4

-1.80%

0.39%

0.26%

-2.07%

-1.49%

-1.07%

-0.19%

% WoW

ChangeLast Week

-1.20%

177.12%

-42.50%

-162.63%

56.1

-1.96%

2.3

158.7

-102.6

13,482.1

% Change

0.26%2.3

96.51%

16.8

6000

6100

6200

6300

6400

6500

6600

Index

ASPI

3400

3450

3500

3550

3600

3650

3700

Index

S&P SL20

0.0

10.0

20.0

30.0

40.0

50.0

60.0

0

500

1,000

1,500

2,000

2,500

3,000

Volume('mn)

TurnoverLKR('mn)

Turnover Volume

Softlogic Equity Research Page | 2.


3/7

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

COMMERCIAL BANK

JKH

DISTILLERIES

COLOMBO LAND

SAMPATH

Most Active

0.90 + 0.10 12.50% INDUSTRIAL ASPH. 207.90 - 20.30 -8.90%

-4.59%

-4.65%

-5.06%

-4.76%

4.80

1,400.00

6.40

+ 0.30

9.60

Today Pre Day

0.40

2.00

116.50

+ 45.00

DISTILLERIES

12,285

89,382

S M B LEASING[NON VOTING] 0.40

Company

201,230

30,000

89

SOFTLOGIC CAP

N D B CAPITAL

Company Today

1.6%

TAPROBANE

S M B LEASING

805,197

1,717.26

15.03

3,216 3,238.16

1.4%

Change

495.00

Company% of

Mkt CapVolume

316.14

-1.03%

0.00%

265.00

0.52%

1.5%

2.2%

Change

- 6.80

- 0.50

- 0.20

- 3.90

% Change

212.50

47.60

211.40

192.00

HOTEL SIGIRIYA

+ 94.20

SINGER IND.

73.40

139.20

1,904.70

116.20

444.101,930.00

2,995.20

38,837.41

3.9%

2.3%

1.2%

89

254,575

18,312

201

4.3%

194.00

60.00

3.0%

193.00

60.00

444.00

3.1%

25.19

1,900.00

117.00

27.14

2.84

LOLC

AITKEN SPENCE 137.90

2.4% 302.07

364.76

165.00

542.79718.36

4.225.59

440.00

702.00

9.00

JOHN KEELLS HOLDINGS 153,384

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 100

1.5%

1,227376

8,901

9.5%

7.9%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

3.7%

3.0%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

Turnover

USD ('000)

127.5010.00%

Intraday

Low (LKR)

Turnover

LKR ('000)

93,918.29

1,800.00

730.48

0.49

1,000.00

40,647.09

Intraday

High (LKR)

268.00

0.21

139.00

210.50

135.00

193.00

41.70

8.70

% Change

7.34

23.30

62.48

2,236.26

14.00

Today

6.67%

Turnover

(LKR)

168.80

17.39

0.12

116.00

60.00

167.00

40.50

18,876.52

73.50

210.60

163.00

40.80

702.00

72.50

4.10

81.00

TodayCompany

174.50

MALWATTE [X]

10.00

146.82

0.06

2,513,136

93,918,290

13.36

NUWARA ELIYA

HAYLEYS - MGT

Pre Day

-0.26%116.50 3.9%0.81

Volume (mn)% Change

7.21%

+ 0.50 8.47%

116.20

CompanyContribution to

Total T/O

140.00

3.9%

0.0%

0.81

1.32

1.25

1.40

0.38%264.00

0.20

0.455.46%

0.46

0.00%

0.00%

-0.26%

0.9%

0.8%

0.1%

Contribution to

Total T/O

646,410

-0.38%

9.70

BLUE DIAMONDS[NON VOTING] 1.40

193.00

50.20

210.60

COMMERCIAL BANK 116.20

PC HOUSE 2.00

% Change

NATION LANKA

93,918,290

22,292,053

18,876,521

40,647,086

38,837,413

0.48

0.15

0.09

0.2% 4,586,543

529,127

1.7%

Volume (mn)

0.0%

Turnover

(LKR)

1.6%

163.00

135.00

702.00

8.80

1,015.00

Close

265.00

1,008.80

265.00



4/7

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Ceylon Guardian Investment

Yuan Ceylon Investment PLC

Euro Carson Cumberbatch PLC

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

q

q

p

q

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

Commodit Markets

Crude Oil (Brent) p

Crude Oil (WTI) p

ICE Cotton #2 q

CBOT Wheat q

COMEX Gold p

COMEX Silver q

COMEX Copper p

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

Australia

1,367.00 0.10

METALS

ENERGY

Commodity

20,986.9

Units

0

-3.6

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

0.91%

0.78%

138.4

Russia

Saudi Arabia

Japan

315.60

USD/t oz.

USD/t oz. -0.10

686.00

0.10

21.58

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

13,245.2

Value

15,318.2

1,651.8

USD/bbl.

USd/lb.

USd/lb.

AMERICA

-1.50

12.8

Change

-0.25%-0.22

0

0.36

Change %

0.03%

Change %

-0.22%

-0.47%

0.28%

0.37%

1.83%

-1.13%

0.01%

06:50

06:39

06:40

0-Jan

0-Jan

07:02

07:02

Time*

06:41

06:41

06:40

-0.37%

06:40

Company

00-Jan-00

12-08-2013

1/0/1900

6,350.9

Singapore

Switzerland

Thailand

UK

0.30

-239.0

0

2,697.3

139.73

1/0/1900

1/0/1900

4.15

USA

02:28

-23.3

1/0/1900

Change

-0.13%

237.9

04:01

0

Payment DateDPS (LKR) XD Date

200.87

2.50

1.75 31-07-2013

31-07-2013

128.57

0.0034.28

Malaysia

4.02

121.60

20.98

2.19

1.35

40.66

India

Currency

172.15

Indicative Rate

19.06.2013

China

0

USd/bu.

87.10

Price

106.32

98.80

USD/bbl.

101.96

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

08-08-2013

08-08-2013

1/0/1900

00-Jan-00

Description

0.00

0.00

0 1/0/1900

01-08-2013

XR Date

00-Jan-00

00-Jan-00

00-Jan-0000-Jan-00

Renunciation

00-Jan-00

2.00

Time*

00-Jan-00



5/7

Softlogic Equity Research Page | 5

CSE Announcements

Lion Brewery [LION: LKR400.0] -Debenture Issue (Basis of Allotment):The company has decided to exercise the option to accept further 500k

debentures in addition to the initial issue of 2.5mn debentures.

Category 01 100% of the debentures applied will be allotted

Category 02 -

Local News

Sri Lanka's Treasuries yields flat: Sri Lanka's Treasuries yields were kept flat at Wednesday's auction withLKR10.75 bn in bid accepted after offering 12.0 bn for rollover, data from the state debt office showed. The

3-month yield eased 01 basis point to 8.66%, the 6-month yield was flat at 9.80% and the 12-month yield

was flat at 10.85%. The debt office said LKR1.5 bn in 3-month bills, 2.0 bn in 6-month bills and 10.85% in 12-

month bills were sold. Excess liquidity in money markets and the Central Bank's Treasury bill stock has edged

up a little over the past week, with medium term rates also going slightly higher from two weeks ago. On

Wednesday a widely traded 5-year bond was quoted at 11.24/27%, though easing from yesterday 11.30%

levels, dealers said.

[Source: www.lbo.lk]

Sri Lanka securities law to allow de-mutualization, civil penalties on track: Changes to Sri Lanka's securitieslaw which will set civil penalties to offences, and make the Colombo Stock Exchange a limited liability and set

up a derivatives exchange, are awaiting final clearance, regulators have said. Sri Lanka's Securities and

Exchange Commission said the long awaited legal changes to allow demutualization, or converting the

exchange from a broker held mutual entity to a limited company is awaiting clearance from the Attorney

General. "These amendments to the Act will establish a regulatory framework for a derivatives exchange,

clearing house, licensing of a demutualised stock exchange and give powers to the SEC to institute civil

sanctions and administrative actions against capital market offenders," Chairman Nalaka Godahewa said in

the regulator's annual report. Outgoing director general Hareendra Dissabandara said the new laws in

addition to brining in "civil and administrative sanctions"will also back the introduction of new products.


Sri Lanka Hemas opens Rs1.3bn hospital : Sri Lanka's Hemas Holdings [HHL:LKR35.7], which has interests inconsumer goods, power, leisure and healthcare, opened a LKR1.3 bn 60 bed hospital in a fast growing

suburb of the capital Colombo. "We decided on Thalawatugoda as the location following a research

conducted by the company, Chamila Ariyananda, a doctor and general manager of the hospital said Tuesday

after the hospital was declared open by Sri Lanka's President Mahinda Rajapaksa. "The suburb is close to

several fast developing towns and also near the entry point of the newly built southern expressway to Galle

and its outer circular road. The hospital is built to provide indoor and channel services through the services

of 200 leading specialist consultants. Built on 62,000 square feet the facility will includes operating theaters,

intensive care unit and a 24 hour emergency unit.


HNB cards bag VISA top award: Hatton National Bank [HNB:LKR163.0] clinched the top award for TheBest Acquiring Institution Across India & South Asia at the Leader Awards ceremony VISA Security Summit

held in Bangkok recently. This is a first for Sri Lanka. The HNB Card Risk Management team was commended

for excellence in fraud risk management and supporting VISAs efforts to maintain trust and security in the

Number of Debentures applied Basis of Allotment

Upto 50,000 100% Debentures Applied

Between 50,000 to 500,000

A minimum allotment of 50,000 debentures plus 41.59%

of the balance applied rounded to the nearest 1000

debentures

500,000 and above

A minimum allotment of 50,000 debentures plus 67.0%

of the balance applied rounded to the nearest 1000

debentures


6/7


payments industry in the region during 2012 & 2013.It was a landmark achievement for HNB to win this

coveted award, as the best institution for risk management in acquisition business, because this was the first

time that Sri Lanka was honoured with this accolade, said Mangala P. Wickramasinghe, Head of Cards &

Electronic Delivery Channels, HNB. HNB was selected based on three qualifying factors; namely the lowest

fraud to sales ratio in acquiring, the adoption of effective risk management practices to minimize fraud and

finally, selection by a jury comprised of VISA Risk Management personnel across APCEMEA (Asia Pacific,

Central Europe, Middle East & Africa). Admittedly, it has always been a difficult proposition to win any awardacross Asia since the volumes processed by leading banks in the region were huge, he said. It was a singular

achievement for HNB to bag this award at the VISA Security Summit because India and the South Asian

region as a whole competed for this category.

[Source: www.dailynews.lk]

Chinese investor to fund Port City: A Chinese investor has secured the deal to create the proposed 500 acrePort City on reclaimed land on the sea off the Galle Face Green, of which the first stage is believed to cost

USD700 mn, a top Ports Authority official confirmed. Negotiations are ongoing with this Chinese investor

and it will consist of several phases, Sri Lanka Ports Authority (SLPA) Planning and Development Chief

Engineer Susantha Abeysiriwardena said, adding that funding would be done solely by the said investor. I

am not in a position to disclose the identity of the investor at the moment, he was quick to add. He furthernoted that the total investment, although still too premature to disclose, would be a substantial one.The

project is said to commence by end-2013 and completed within three years. However, Abeysiriwardena

added that considering the magnitude of the project, various expansions will take place over a period of 10-

15 years.

[Source: www.dailymirror.lk]

Global News

Japan Exports Surge Most Since 2010 in Boost for Abe: EconomyJapans exports rose more than forecast inMay as a weaker yen boosted the value of overseas sales, underscoring the profit boon for manufacturers

from Prime Minister Shinzo Abes reflation campaign. The value of shipments abroad increased 10% in Mayfrom a year earlier, the most since 2010 and exceeding the 6.4% median estimate in a Bloomberg News

survey of economists, a Finance Ministry report showed in Tokyo. At the same time, export volume dropped

4.8%. Todays data reflect an almost 12% slide in the yen against the dollar in the past six months that stoked

criticism from trade partners including South Korea that Japans monetary stimulus is distorting commerce.

The key for Abe is that exporters from Nintendo Co. (7974) to Mazda Motor Corp. (7261) use profit gains to

boost wages and investment at home. The yens exchange rate, even though it has been adjusted a bit

recently, is still weaker than last years level and giving a lot of impetus for Japans export drive, said Long

Hanhua Wang, an economist at Royal Bank of Scotland Group Plc in Tokyo.

[Source: www.bloomberg.com]

Housing Starts in U.S. Rose in May to 914,000 Annual Rate: Builders began work on more U.S. houses inMay and permits for new single-family homes rose to a five-year high as residential real estate underpins an

economy thats generating little inflation. Housing starts climbed 6.8%, less than forecast, to a 914,000

annualized rate from a revised 856,000 in April, Commerce Department figures showed today in

Washington. Applications for one-family home construction increased to a 622,000 pace, the fastest since

May 2008. Data from the Labor Department showed May consumer prices rose less than projected. Building

permits that exceed the pace of ground-breaking signal further construction gains that will propel growth as

manufacturing cools and federal budget cuts take hold. Inflation below the Federal Reserves 2 % goal gives

policy makers the leeway to address joblessness as they consider at their meeting today and tomorrow

when to dial down record monetary stimulus.

[Source: www.bloomberg.com]


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. 212, 1st

Floor, Panadura 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

Sonali Abayasekera

[email protected]

+94 11 7277051, +94 77 7736059

Thanuja De Silva

[email protected]

+94 11 7277059, +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 veri fied and no guaranty, representation

or warranty, express or implied is made as to its accuracy, completeness or correctness. All such information and opinions are 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 customeLKRNot 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 to 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 - 19.06.2013