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7/29/2019 Daily Trade Journal - 21.03.2013.pdf
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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]
2.1%
7.4%
ASPI
S&P SL 20 Index
+ 29.01
+ 13.72
5,763.83
3,313.28
ASPI
Thursday, March 21, 2013
793.2
% ChangePoint ChangeToday
36.3
672.4
0.51 %
0.42 %
2,215.8
YTD Performance
S&P SL 20 Index
38.0
99.7
4.1
219.4
119.7
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 21.03.2013Bourse adopts a bullish tone: The benchmark index
was on an upward momentum today with the
index gaining during the 1st hour and the last hour
of the day. The midday was more of a
consolidation phase for the index. With the blue
chips on the run the S&P SL 20, too has witnessed a
similar pattern gaining 14 points during the day.Nestle, DFCC and Aitken Spence weighted
positively on index while Carsons and Dialog
weighted negatively on the index.Large blocks in speculative counters lead turnover:
East West was the top performer for the day with a
crossing of 6mn shares taking place at 52-week low
off- market price of LKR15.0. Heavy trading in PC
House continued to grab investor attention
following the announcement of its rights issue
which generated selling pressure. The counterrecorded an off-market deal of 9.8mn shares at
LKR3.1. The counter touched a 52-week low price
of LKR2.9 before closing the day at LKR3.0. Its
holding company PCH Holdings also recorded on-
board interest with a large block of 3.7mn shares
changing hands at LKR5.8.
Banks continue to impress investors: Commercial
Bankwitnessed considerable on board interest as
the counter traded between LKR113.5 and
LKR114.4 while it closed marginally down for theday at LKR113.7 (-0.3%). Hatton Nation Bank
[Voting] and Non-Voting counters continued to
attract investor attention with the former recording
a crossing of 500k shares at LKR165.0 while the
latter renewed its 52-week high price to LKR132.0.
Further interest was noted in National Development
Bank, DFCC and Seylan Bank [Non-Voting] with all
3 counters recording 52-week high prices.
Retail activity slowly switching to the blue-chips:
The retail favourite counters have been recordingcontinuous selling pressure during the current
quarter with most investors looking to switch to
Index bullish on heavyweights
7/29/2019 Daily Trade Journal - 21.03.2013.pdf
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Statistical Look Up
Treasury Bill (%) 22.03.2013
9.22
10.25
11.26
13.81
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 p
Construction & Engineering p
Diversified q
Healthcare p
Hotels & Travels p
Land & Property p
Manufacturing p
Plantation p
Telecom q
594.9 594.3 0.11% 601.9 -1.16%
790.1 782.6 0.95% 775.9 1.82%
2,558.8
3,326.8
2.14%
3,322.3
471.0
0.33%2,542.3
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 21.03.2013
Today
-8.17
166.7
2.3
2,550.8
16,241.3
2,734.2
1,901.5
13,286.2
Pre Day
0.00%
167.6 166.7-0.54%
12,946.5
16,043.5
1,902.0
3,303.1
461.1
0.58%
2,729.9
1,866.1
0.84%
1.23%
0.06%
-0.02%
2,732.5
16,083.6
464.5
234.0
24.3
209.7
Change %
5,734.8
3,299.6
2.3
0.51% 15.4
Pre Day
Week ending
0.16%
42.93%
5.78%
1.34%
2.23%
1.32%
225
2,186.6
5,689.0
3,241.0
25.4
1.33%
0.00%
0.42%
2,215.8
2.3
219.4
24.59%
24.59%73.81%
4.39%
5.336.3
238
3,313.3
539.7
4.3
228
672.4
0.51%
-6.22%
393.03%
Today
99.7
2.1
119.7
15.6
5,763.8
2,204.5
20.9
10.37%
10.37%
% WoW
ChangeLast Week
609.2
4.8
2.62%
0.98%
0.51%
0.00%
1.90%
-0.13%
1.39%
% WoW
ChangeLast Week
1.34%
-40.41%
11.90%
-61.84%
368.2
-0.31%
2.1
107.0
261.2
13,175.9
% Change
0.52%2.1
-52.47%
15.5
5550
5600
5650
5700
5750
5800
Index
ASPI
3100
3150
3200
3250
3300
3350
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
Softlogic Equity Research Page | 2.
7/29/2019 Daily Trade Journal - 21.03.2013.pdf
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
HNB
EAST WEST
COMMERCIAL BANK
AHOT PROPERTIES
PC HOUSE
Most Active
29.90 + 3.30 12.41% S M B LEASING [X] 0.30 - 0.10 -25.00%
-5.35%
-7.14%
-10.27%
-7.59%
23.90
155.00
14.80
+ 2.10
2.70
Today Pre Day
3.00
12.50
5.60
+ 0.50
DISTILLERIES
128,198
43,754
PC HOUSE 3.00
Company
4,916
28,081
544
RAMBODA FALLS
THE FINANCE CO. [X]
Company Today
1.5%
SOFTLOGIC FIN
ABANS FINANCIAL
566,375
16,409.88
82.51
319 256.02
1.4%
Change
4.80
Company% of
Mkt CapVolume
143.85
0.00%
3.57%
13.40
-0.26%
1.7%
2.4%
Change
- 7.50
- 6.00
- 0.10
- 5.60
% Change
234.80
69.00
3.00
114.00
CFI
+ 15.00
MIRAMAR
70.00
130.80
1,695.00
113.70
440.201,695.00
116,043.62
842.14
4.0%
2.2%
1.2%
132
57,016
703,392
2,000
4.1%
174.00
58.90
3.3%
173.00
58.10
440.20
3.4%
2.02
1,622.50
114.40
238.00
0.08
LOLC
AITKEN SPENCE 119.00
2.3% 6.65
9.57
168.00
44.021,310.61
0.3510.35
440.20
719.90
9.20
JOHN KEELLS HOLDINGS 73,126
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 550,606
1.6%
100806
228
9.6%
6.8%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.9%
3.3%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
Turnover
USD ('000)
65.5011.63%
Intraday
Low (LKR)
Turnover
LKR ('000)
64,564.76
1,628.01
509.64
0.75
801.00
18,223.49
Intraday
High (LKR)
249.70
1.88
125.00
231.90
118.90
170.00
42.00
9.00
% Change
38,542.57
915.98
94.54
516.70
12.85
Today
9.63%
Turnover
(LKR)
152.10
4.08
0.65
113.50
56.30
151.50
41.90
10,180.02
71.50
232.10
162.00
42.00
715.00
69.20
1.30
99.00
TodayCompany
155.00
NATION LANKA [W 0021]
73.00
80.36
304.23
92,796,963
21,517,506
129.53
SERENDIB ENG.GRP
CHEMANEX
Pre Day
2.03%162.40 5.2%0.70
Volume (mn)% Change
10.71%
+ 1.50 11.28%
165.70
CompanyContribution to
Total T/O
131.00
1.0%
0.1%
3.71
10.11
6.21
2.80
7.20%12.50
0.57
0.551.45%
1.16
0.00%
7.20%
3.57%
1.7%
1.4%
4.2%
Contribution to
Total T/O
3,315,633
0.00%
2.70
PANASIAN POWER 2.90
113.70
70.00
3.00
PCH HOLDINGS 5.80
EAST WEST 13.40
% Change
CIFL
116,043,615
38,542,568
31,308,059
92,796,963
64,564,759
1.17
6.21
10.11
0.1% 3,160,035
31,308,059
4.2%
Volume (mn)
1.4%
Turnover
(LKR)
2.9%
165.70
119.00
715.10
9.00
803.00
Close
249.00
801.00
247.00
Softlogic Equity Research Page | 3.
7/29/2019 Daily Trade Journal - 21.03.2013.pdf
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar Commercial Development Co
Yuan 0
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
q
q
p
q
* Time is as at ET Source: www.bloomberg.com
Commodit Markets
Crude Oil (Brent) q
Crude Oil (WTI) q
ICE Cotton #2 q
CBOT Wheat q
COMEX Gold p
COMEX Silver p
COMEX Copper p
* Time is as at ET Source: www.bloomberg.com
Australia
1,608.20 0.00
METALS
ENERGY
Commodity
22,225.9
Units
0
-26.2
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.39%
0.67%
55.9
Russia
Saudi Arabia
Japan
345.35
USD/t oz.
USD/t oz. 0.05
731.50
0.65
28.90
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
12,635.7
Value
14,511.7
1,558.7
USD/bbl.
USd/lb.
USd/lb.
AMERICA
-5.00
10.4
Change
-0.17%-0.18
0
-0.42
Change %
0.20%
Change %
-0.65%
0.29%
-0.32%
-0.35%
1.34%
-0.14%
0.04%
07:03
07:02
07:03
0-Jan
0-Jan
06:51
06:51
Time*
07:03
07:03
07:02
-0.74%
07:03
Company
00-Jan-00
1/0/1900
1/0/1900
6,385.1
Singapore
Switzerland
Thailand
UK
-0.42
-30.6
0
2,683.9
134.15
1/0/1900
1/0/1900
4.34
USA
02:28
-46.4
1/0/1900
Change
-0.92%
167.5
04:01
0
Payment DateDPS (LKR) XD Date
191.55
2.00
0.00 0
To be notified
126.69
0.0033.78
Malaysia
4.10
131.51
20.39
2.33
1.32
40.62
India
Currency
164.05
Indicative Rate
21.03.2013
China
0
USd/bu.
88.95
Price
108.34
93.17
USD/bbl.
101.35
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
To be notified
1/0/1900
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*
00-Jan-00
Softlogic Equity Research Page | 4.
7/29/2019 Daily Trade Journal - 21.03.2013.pdf
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Softlogic Equity Research Page | 5
CSE Announcements
Vallibel Power Erathna [VPEL: LKR5.3]: Mr. W D N H Perera wasappointed as alternate Director to Mr. Buddhika Perera with effect from 22
ndof
February 2013.
Taprobane Holdings [TAP: LKR4.4]: Mr. Ruwan Sugathadasa has beenappointed as General Manager/CEO with effect from 19
thMarch 2013.
Hayleys [HAYL: LKR290.1]: Mr. L R V Waidyaratne will be appointed as aDirector with effect from 1
stApril 2013.
Local News
Sri Lanka plans 500MW coal plant in South West: Sri Lanka state-run Ceylon Electricity Board is planning a500 MegaWatt eco-friendly coal plant in Ahuruwella, Induruwa in the southwest coast, the island's power
ministry said. A power ministry statement quoted power minister Pavithradevi Wanniarachchi as saying that
the plant would use eco-friendly technology and funding is expected from Japan. Industry sources say
funding has been requested from Japan but no decision has been made. Japan had earlier funded a study on
natural gas fired plants. Natural gas prices had fallen in recent years due to new 'fracking' technology from
the US. Japan had expressed willingness to fund a coal plant in Puttalam about a decade ago but the plant
was delayed amid protests and a 300MW plant was later built with Chinese finance and technology in the
location. Another two 300MW plants are being built in Puttlama now.
[Source: www.lbo.lk]
Sri Lanka mass transit system for Colombo studied by Japan: Japan's aid agency is preparing a transportmaster plan for Sri Lanka's capital and its environs leading to the building of a mass transit system which it
could finance, officials said. Tetsuji Iida, senior representative of the Japan International Co-operationAgency told LBO that the transport master plan could come up with various recommendations including bus
lanes, a Metro system or a combination. JICA representative Tatsunori Higuchi said the agency will conduct
origin and destination studies to monitor traffic patterns in the Greater Colombo region and also interview
up to 50,000 commuters and residents as part of developing a transport master plan for the area. He said
plans of Sri Lanka's transport ministry, the urban development and road development agencies would be
brought together in the master plan. The RDA was building a circular expressway around the capital and
plans for elevated city roads are also being explored.
[Source: www.lbo.lk]
Two knowledge parks coming up: Sri Lanka is likely to get two knowledge parks in the future one in theold Tripoli Market in Maradana and another in Hambantota, Defence Secretary Gotabaya Rajapaksa saidyesterday. Speaking at the SLASSCOM CXO briefing, Rajapaksa noted that the one in Tripoli Market would be
set up in response to an industry request and the one in Hambantota was part of a larger plan under the
Hambantota development project. From the UDA we can assist and facilitate such programs if the private
sector comes in. There are many opportunities for the development of such parks,he said. Construction on
the knowledge park in Tripoli Market is likely to start this June and is expected to be ready for an official
opening in late December this year or early next year. While the project at the Tripoli Market is underway,
there is a plan to develop a knowledge park in Hambantota,Rajapaksa said. There are certain requirements
for these companies such as facilities for families and children. That is why we are looking for places close to
Colombo or in the metro Colombo region. The one in Tripoli is the first step. However, we are looking at
constructing another in Hambantota
[Source: www.ft.lk]
Hemas secures land in Ratmalana for fourth hospital: Hemas Hospitals Private Limited, the fully ownedsubsidiary of Hemas Holdings [HHL: LKR27.1] sending a strong signal to sector rivals yesterday revealed
plans to construct its next hospital in Ratmalana, taking into account the areas growing middle class. This
7/29/2019 Daily Trade Journal - 21.03.2013.pdf
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Softlogic Equity Research Page | 6
will take the total number of Hemas hospitals to four. Murtaza Esufally said they had recently purchased one
acre of land to the value of LKR250 mn in an area between Ratmalana and Moratuwa for this purpose. In
fact we see a vast potential in this particular area and a survey carried out prior to the decision too showed
the growing middle income earning population which warrants quality healthcare facilities in Ratmalana,he
said. Speaking on the investment of the project he noted that it will be around USD10 mn (LKR1.3 bn) for a
typical 60-bed hospital similar to the one being constructed at Thalawatugoda.
[Source: www.dailymirror.lk]
Public concerns about economic growth: The latest LMD/Nielsen Business Confidence Survey shows that thepercentage of people concerned about the economy more than doubled in 4th quarter 2012. The proportion
of people indicating that the economy was their biggest or second biggest concern increased from 22% to 46
%. This sharp deterioration in public sentiment reflects the slowing down of the economy that has taken
place following the implementation of the necessary stabilization measures that were introduced a year ago
to address the overheating of the economy. That overheating was due to a combination of misaligned
domestic macroeconomic policies in the wake of the euphoria associated with the war victory and adverse
developments in the world economy.
[Source: www.ft.lk]
Global News
China manufacturing activity speeds up post holidays: Manufacturing activity in China picked up speed inMarch, an initial HSBC survey has indicated, adding to hopes of a sustained recovery in its economy. The
preliminary reading of HSBC's Purchasing Managers Index (PMI) rose to 51.7, from 50.4 in February.
Numbers for March are seen as a true indicator for the sector, as the Chinese New Year holidays skew the
data in January and February. China has been taking measures to boost manufacturing, a big driver of
growth. The PMI is a key indicator of the activity in the sector and a reading above 50 shows expansion.
Qu Hongbin, chief economist for China at HSBC said the rebound in the sector was fuelled by "stronger new
orders and production growth"."This implies that the Chinese economy is still on track for gradual growth
recovery,"he added.[Source: www.bbc.co.uk]
Euro-Area Manufacturing, Services Contract More Than Estimated: Euro-area services and manufacturingoutput contracted more than economists estimated in March, adding to signs the currency blocs economy is
struggling to emerge from a recession. A composite index based on a survey of purchasing managers in both
industries fell to 46.5 from 47.9 in February, London- based Markit Economics said today. Economists had
forecast a reading of 48.2, according to the median of 23 estimates in a Bloomberg survey. A reading below
50 indicates contraction. The economy is unlikely to contract as sharply in the first quarter, said Ben May,
European economist at Capital Economics Ltd. in London. But the big issue at the moment is clearly Cyprus.
The European economy is still very fragile and it may not take much to stall any recovery in the coming
months. The euro-area economy has contracted for five straight quarters and is forecast to shrink 0.1percent in the first three months of 2013 before returning to growth, the median of 24 economists
estimates in a separate Bloomberg survey shows. The European Central Bank forecasts the economy will
contract 0.5 percent this year.
[Source: www.bloomberg.com]
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Softlogic Equity Research Page | 7
Softlogic Equity ResearchDimantha Mathew
+94 11 7277030
Kavindu Ranasinghe
+94 11 7277031
Imalka Hettiarachchi
+94 11 7277032
Softlogic Equity SalesBranches
Horana
Madushanka Rathnayaka
No. 101, 1/1, Aguruwathota Road, Horana
+94 34 7451000, +94 77 3566465
NegamboKrishan Williams
No. 121, St. Joseph Street Negambo
+94 31 2224714-5, +94 77 3569827
Kurunegala
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
+94 37 2232875, +94 77 3615790
Matara
Lalith Rajapaksha
No.8A, 2nd
Floor, FN Building, Station Road, Matara
+94 41 7451000, +94 77 3031159
Dihan Dedigama
+94 11 7277010, +94 77 7689933
Chandima Kariyawasam
+94 11 7277058, +94 77 7885778
Shafraz Basheer
+94 11 7277054, +94 77 2333233
Sonali Abayasekera
+94 11 7277059, +94 77 7736059
Thanuja De Silva
+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 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 su bject 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
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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
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