daily trade journal - 03.04.2013
TRANSCRIPT
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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]
1.5%
7.1%
ASPI
S&P SL 20 Index
+ 23.85
+ 15.90
5,728.47
3,305.27
ASPI
Wednesday, April 03, 2013
795.5
% ChangePoint ChangeToday
21.7
931.1
0.42 %
0.48 %
2,197.2
YTD Performance
S&P SL 20 Index
38.1
328.1
5.5
366.2
38.2
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 03.04.2013Bourse on uptrend: The benchmark index displayed
a clear uptrend today with notable buying
pressure on banking counters. In the mid-day
trading the bourse displayed a notable
retracement, giving investors the opportunity to
buy into the next rally. ASPI gained 24 points to
settle at 5,727.47. Gains marked in Ceylon TobaccoCompany (+1.5%), DFCC Bank (3.0%) and Union
Bank (12.2%) weighted heavily on the positive
performance of the index. S&P SL20 too ended up
green by 16 points to settle at 3305.27.John Keells Holdings spearheaded turnover: John
Keells Holdings spearheaded the turnover with
heavy off-board buying interest. The counter
recorded three off-market blocks accumulating to
1.2 mn shares which were transacted at LKR248.0
before closing with a 0.4% gain at LKR247.0.Nations Trust Bank too recorded large crossing of
1.5mn shares which changed hand at a price of
LKR58.0. The counter closed at LKR59.1, up 1.03%.
BFI sector displaying sustained interest: Notable
level of interest was seen in much sought after
banking sector counters such as National
Development Bank, DFCC Bank, Union Bank,
Sampath Bank and Pan Asia Bank. The former
three counters gained significant momentum
today where it reached 52-week high by gaining2.0%, 3.0% and 12.2% respectively. Pan Asia Bank
too displayed sustained buying interest throughout
the day where it peaked to a psychological high
of LKR20.0 before closing at LKR.19.80, up 5.9%.
Subdued Retail Interest: Retail activity remained
sluggish though some interest was witnessed in
Nation Lanka Finance with active level of trading.
The counter closed flat at LKR.8.80.
Renewed buying intereston bourse
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Statistical Look Up
Treasury Bill (%) 05.04.2013
9.26
10.25
11.35
13.77
Inflation (%) Mar-13 7.5
8.8
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 q
Diversified p
Healthcare p
Hotels & Travels p
Land & Property p
Manufacturing q
Plantation p
Telecom p
583.3 574.6 1.51% 584.8 -0.26%
793.9 783.9 1.28% 786.3 0.96%
2,593.3
3,319.2
0.18%
3,318.6
472.3
-0.22%2,584.2
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 03.04.2013
Today
-35.23
170.8
2.3
2,578.5
16,085.6
2,654.8
1,895.4
13,120.3
Pre Day
0.00%
170.2 168.40.36%
13,246.6
16,051.2
1,892.4
3,286.0
471.4
0.99%
2,702.7
1,896.0
0.81%
0.21%
-0.06%
0.16%
2,656.5
16,071.6
480.8
474.0
134.6
339.4
Change %
5,704.6
3,289.4
2.3
0.42% 15.5
Pre Day
Week ending
-1.77%
22.38%
-1.30%
-0.52%
0.16%
-0.29%
231
2,208.6
5,745.0
3,299.9
17.8
-0.51%
0.00%
0.48%
2,197.2
2.3
366.2
-7.90%
-7.90%49.50%
-0.44%
7.421.7
228
3,305.3
1,010.9
8.0
229
931.1
0.42%
-22.73%
-71.64%
Today
328.1
2.1
38.2
15.5
5,728.5
2,188.0
14.5
-0.74%
-0.74%
% WoW
ChangeLast Week
938.0
7.4
-0.95%
0.09%
0.42%
1.44%
-0.03%
-0.02%
-1.77%
% WoW
ChangeLast Week
-0.52%
-27.32%
-60.14%
-19.63%
503.9
-0.57%
2.1
95.7
408.2
13,015.0
% Change
0.42%2.1
-3.33%
15.4
5550
5600
5650
5700
5750
5800
Index
ASPI
3100
3150
3200
3250
3300
3350
Index
S&P SL20
0.0
50.0
100.0
150.0
200.0
0
500
1,000
1,500
2,000
2,500
3,000
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
JKH
NAT. DEV. BANK
NATIONS TRUST
DFCC BANK
UNION BANK
Most Active
2,190.10 + 389.10 21.60% GESTETNER 142.60 - 17.40 -10.88%
-7.41%
-7.41%
-8.51%
-8.10%
19.30
0.90
6.00
+ 2.10
5.00
Today Pre Day
17.20
6.30
58.50
+ 0.30
DISTILLERIES
452,909
166,420
UNION BANK 19.30
Company
3,234
32,140
162
SOFTLOGIC CAP
CEYLON LEATHER [W 0013]
Company Today
1.6%
UNION BANK
KALAMAZOO
69,323
61,386.37
24.68
3,020 2,346.55
1.4%
Change
1.90
Company% of
Mkt CapVolume
2,407.80
0.00%
0.16%
171.70
1.03%
1.7%
2.3%
Change
- 2.00
- 5.30
- 0.40
- 0.20
% Change
231.90
132.10
17.20
58.50
CIFL
+ 0.10
MULTI FINANCE
70.10
136.00
1,721.90
109.80
445.001,724.00
25,305.91
530.84
3.9%
2.2%
1.2%
5,885
430,904
156,960
5,149
4.2%
165.50
56.50
3.3%
163.90
54.90
445.00
3.6%
18.56
1,700.00
110.50
616.70
5.78
LOLC
AITKEN SPENCE 120.90
2.2% 4.20
730.28
162.30
6,675.00232.33
52.801.84
445.00
712.90
9.10
JOHN KEELLS HOLDINGS 1,227,396
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 217,074
1.6%
15,000135
16,606
9.7%
6.6%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
4.0%
3.3%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
Turnover
USD ('000)
21.5018.75%
Intraday
Low (LKR)
Turnover
LKR ('000)
7,630.45
1,788.94
60.36
32.95
760.00
304,369.07
Intraday
High (LKR)
248.00
4.88
132.00
229.00
119.60
163.90
44.80
8.80
% Change
15,195.97
200.19
4,165.40
3,876.47
14.15
Today
12.21%
Turnover
(LKR)
153.00
30.67
0.20
109.00
54.30
151.80
42.70
38,300.80
71.50
229.70
160.00
44.00
705.30
70.00
5.00
2.50
TodayCompany
153.00
CEYLON TEA BRKRS
60.10
302.99
120.21
13,031,197
92,798,187
485.61
S M B LEASING
LANKA CERAMIC
Pre Day
0.16%247.00 13.9%1.23
Volume (mn)% Change
12.50%
+ 0.80 15.38%
247.40
CompanyContribution to
Total T/O
138.00
4.2%
13.9%
1.60
2.17
1.98
247.00
2.02%168.30
1.60
0.452.95%
1.23
12.21%
4.76%
1.03%
2.8%
1.8%
0.6%
Contribution to
Total T/O
304,369,071
12.21%
5.00
JKH 247.40
59.10
136.00
19.30
NATIONS TRUST 59.10
E - CHANNELLING 6.60
% Change
PCH HOLDINGS
304,369,071
61,386,368
40,504,115
121,611,609
92,798,187
1.51
0.71
2.17
0.3% 7,541,716
40,504,115
5.5%
Volume (mn)
1.8%
Turnover
(LKR)
4.2%
162.10
119.80
707.80
9.00
780.00
Close
247.40
779.60
247.00
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar Ramboda Falls Limited
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 p
CBOT Wheat p
COMEX Gold q
COMEX Silver q
COMEX Copper q
* Time is as at ET Source: www.bloomberg.com
Australia
1,569.70 -4.40
METALS
ENERGY
Commodity
22,337.5
Units
0
-12.7
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.61%
0.52%
89.2
Russia
Saudi Arabia
Japan
335.55
USD/t oz.
USD/t oz. -0.07
680.50
-1.90
27.11
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
12,362.2
Value
14,662.0
1,570.3
USD/bbl.
USd/lb.
USd/lb.
AMERICA
9.75
8.1
Change
0.55%0.52
0
-0.45
Change %
-0.55%
Change %
1.45%
-0.27%
-0.67%
-0.43%
2.99%
-0.14%
-0.28%
06:57
07:00
06:45
0-Jan
0-Jan
06:57
06:57
Time*
06:40
06:39
06:39
-0.42%
06:40
Company
00-Jan-00
1/0/1900
1/0/1900
6,463.5
Singapore
Switzerland
Thailand
UK
-0.83
-30.3
0
2,666.7
133.06
1/0/1900
1/0/1900
4.29
USA
02:28
-25.1
1/0/1900
Change
-0.48%
358.8
04:01
0
Payment DateDPS (LKR) XD Date
190.67
0.50
0.00 0
11-04-2013
126.41
0.0033.71
Malaysia
4.03
132.13
20.38
2.33
1.35
40.85
India
Currency
161.84
Indicative Rate
03.04.2013
China
0
USd/bu.
89.36
Price
109.77
96.71
USD/bbl.
101.99
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
23-04-2013
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
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Softlogic Equity Research Page | 5
CSE Announcements
Asia Siyaka Commodities [ASIY: LKR2.7]: Following the recentacquisition of shares Lanka Commodity Brokers now hold 51% of the company,
and informs of a mandatory offer to purchase all remaining shares of the
company at LKR2.8.
Galadari Hotels [GHLL: LKR13.0]: The special resolution in relation toconversion of the debt owed by the company to Galadari Brothers Company into
equity was unanimously approved by the shareholders.
Local News
Sri Lanka stockbrokers launch website, ethics code: Sri Lanka's Colombo Stockbrokers Association launcheda website and unveiled a code of ethics which officials said would improve professional standards and
investor confidence. "By introducing these Principles of Best Practices, we are intent on promoting
professional standards among our members,"CSBA president and head of Asha Phillips Securities Dimuthu
Abeysekera said. "This will in turn enhance investor confidence prompting the industry to undoubtedly enjoy
benefits of a vibrant market place". The website www.colombostockbrokers.com will also have research for
potential investors. Chairman of Sri Lanka's Securities and Exchange Commission Nalaka Godahewa said
more research was needed to educate investors. Godahewa said the worst was over for the market with 18
months of decline ending.
[Source: www.lbo.lk]
Sri Lanka exports slump 18.2-pct in Jan, trade deficit narrows: Sri Lanka's exports fell 18.2% to USD726.7mn in January 2013 from a year earlier, with apparel exports falling 8.9% to USD333.9 mn, Central Bank data
showed.Sri Lanka has a trade deficit because domestic economic players get money abroad through means
other than merchandise exports, including remittances (exports of labour), foreign borrowing (exports of
debt), tourism services and foreign investments. But last year imports were driven to unsustainable levels asthe Central Bank sterilized foreign exchange sales accommodating a spike in credit demand with printed
money driving credit and imports to increasingly higher levels.
[Source: www.lbo.lk]
Sri Lanka foreign reserves at USD6.8bn dollars: Sri Lanka's foreign reserves had edged marginally lower byUSD22 mn in January 2013 to USD6,855 mn from a month earlier, official data showed. The Central Bank
said reserves were equal to 4.4 months of imports. Sri Lanka's imports fell 21.3% in January 2013 from a year
earlier as credit growth slowed and there was no liquidity injections compared to a year earlier. Sri Lanka's
foreign reserves are more than enough to meet the central banks rupee note liabilities to citizens (reserve
money) of LKR512 bn at an exchange rate of LKR126 as long as forex sales are not sterilized with fresh
liquidity injections. The central bank said there was USD10.4 mn of net selling by foreign investors in theColombo stock exchange but USD289 mn had flowed into government securities.
[Source: www.lbo.lk]
Foreign inflows robust in January: The Central Bank disclosed yesterday foreign inflows in January hadremained robust. Earnings from tourism grew at a healthy rate of 20.5% when compared with the
corresponding month of 2012, to USD107 mn. Workers remittances amounted to USD524 mn in January
2013, compared to USD473 mn in January 2012, thus recording a year-on-year growth of 10.8%. In January
2013, net sales by foreign investors at the Colombo Stock Exchange (CSE) amounted to USD 10.4 mn
whereas net foreign purchases amounting to USD4 mn were recorded in January 2012. However, there has
been a noticeable increase in transaction volumes at the CSE in January 2013, when compared with thecorresponding month of January 2012. Meanwhile, there have been significant inflows of foreign
investments to the Government securities market, with net inflows to Treasury bills and Treasury bonds
amounting to USD 289 mn during January 2013 compared to a net inflow of USD170 mn in January 2012.
Further, in January 2013, long-term loans obtained by the Government amounted to USD125 mn.
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Softlogic Equity Research Page | 6
[Source: www.ft.lk]
Maldives Monetary Authority recognises Amana Takaful: Amana Takaful Maldives, a subsidiary company ofAmana Takaful Sri Lanka and the only Shariah compliant Takaful (insurance) provider in the Maldives was
recently awarded by the Maldives Monetary Authority (MMA) at its annual Finance Night in recognition of
the contribution made to the finance sector of country. The Finance Night, themed Maalee Rey, is aninitiative of the MMA which acknowledges the contributions of financial institutions towards the
development of the Maldivian economy. The event amplifies the MMAs objectives to create public
awareness of the various services provided by financial institutions. With over 300 guests from finance
sector, Amana Takaful Maldives was recognised by the authority for the unique services it offers and its
contributions to the development of Maldives.
[Source: www.dailynews.lk]
Global News
IMF to Contribute Euros 1 Billion to Cyprus Rescue: The International Monetary Fund will contribute aboutEuros 1 bn (USD1.3 bn) as part of a rescue program for Cyprus that aims to stabilize the nations banks and
reduce public spending, IMF Managing Director Christine Lagarde said. The IMF announced a staff-level
agreement with Cyprus on the 10 billion-euro program, hashed out with euro-area authorities on March 25.
The deal calls for Cyprus to restructure its two largest banks, reduce budget deficits and adjust its wage and
pension systems. The euro moved higher on the announcement of the pact with Cypriot authorities. This is
a challenging program that will require great efforts from the Cypriot population, Lagarde said in a
statement. We believe that it provides a durable and fully financed solution to the underlying problems
facing Cyprus and provides a sustainable path toward a recovery.
[Source: www.bloomberg.com]
Bank of Japan set to launch war on deflation: Dramatic policy changes at the Bank of Japan are likely tostart moving from rhetoric to reality Thursday, as the country makes an ambitious bid to reverse persistent
deflation. Newly installed Prime Minister Shinzo Abe has made the central bank's 2% inflation target a top
political priority. His directive: "Everything possible" must be done to achieve the goal within two years.Abe
has argued forcefully that the central bank has not moved quickly enough to stimulate Japan's flagging
economy. He favors aggressive monetary easing, and he made that the centerpiece of his election campaign.
The idea is that further easing combined with fiscal stimulus, could end years of deflation and push the
world's third largest economy into more robust growth.
[Source: www.money.cnn.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
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Madushanka Rathnayaka
No. 101, 1/1, Aguruwathota Road, Horana
+94 34 7451000, +94 77 3566465
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+94 31 2224714-5, +94 77 3569827
Kurunegala
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
+94 37 2232875, +94 77 3615790
Matara
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No.8A, 2nd
Floor, FN Building, Station Road, Matara
+94 41 7451000, +94 77 3031159
Dihan Dedigama
+94 11 7277010, +94 77 7689933
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+94 11 7277058, +94 77 7885778
Shafraz Basheer
+94 11 7277054, +94 77 2333233
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+94 11 7277059, +94 77 7736059
Thanuja De Silva
+94 11 7277053, +94 77 3120018
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