daily trade journal -04.03
TRANSCRIPT
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7/29/2019 Daily Trade Journal -04.03
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q
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]
-0.2%
3.8%
ASPI
S&P SL 20 Index
- 20.8
- 3.07
5,631.89
3,203.78
ASPI
Monday, March 04, 2013
852.3
% ChangePoint ChangeToday
19.4
1,076.1
-0.37 %
-0.10 %
2,163.7
YTD Performance
S&P SL 20 Index
38.2
858.3
0.2
876.4
18.1
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 04.03.2013The Colombo bourse commenced weekly operations
on a weak note extending its downtrend from the last
week on account of the negative market sentiments.
However a short term bullish trend was seen in the
final hour of trading. The benchmark index dipped 21
points to settle at 5,631.89. Ceylon Tobacco
Company (-1.5%) Ceylon Beverage Holdings (-14.8%)
and John Keells Holdings (+0.1%) weighted heavily to
losses on the indices. However S&P SL20 index
witnessed a flat trading session where the indices
declined marginally by 3 points to end at 3,203.78.
Furthermore Banking sector counters such as
Commercial Bank, Sampath Bank, National
Development Bankand Hatton National Bankadded
86.0% of the daily turnover.Commercial Bankemerged as the top contributor to
the daily turnover backed up by six off-market
transactions accounting for 4.2 mn shares dealt atLKR110.0. The counter attracted heavy investor
interest during trading hours where it was lifted by
0.5% to end days trading at LKR 109.6. In addition,
persistent interest was seen in other banking heavy
weights led by Sampath Bank (+0.3%), National
Development Bank(-0.1%) and Hatton National Bank
(+0.1%). Moreover Sampath Bank lifted the market
turnover with a single off-the-floor deal of 1.2mn
shares at a price of LKR237.0 while the counter closed
flat at LKR235.0.Premier Blue-chip John Keells Holdings was trading on
a thin volume with 29k shares changing hands. The
counter was trading on a tight range where it traded
at a high of LKR236.0 and a low of LKR233.3 before
settling down for the day at LKR233.9.The leading tile manufacturer, Royal Ceramic
witnessed notable level of buying interest where it
recorded a mid-size on-board block of 50k shares at
a price of LKR97.0. The counter is currently trading at
a forward PE of 5.4x on FY14E earnings.
Market in red; Banking sectordominates trading
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7/29/2019 Daily Trade Journal -04.03
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Statistical Look Up
Treasury Bill (%) 01.03.2013
9.10
10.08
11.10
14.42
Inflation (%) Feb-13 9.8
8.6
All Share Price Index q
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 q
Diversified q
Healthcare p
Hotels & Travels q
Land & Property q
Manufacturing q
Plantation q
Telecom q
595.9 574.8 3.68% 604.1 -1.36%
771.1 782.9 -1.51% 791.0 -2.52%
2,607.9
3,404.9
-0.94%
3,343.9
462.9
-0.87%2,571.5
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 04.03.2013
Today
-40.65
167.7
2.4
2,549.1
15,633.3
2,787.2
1,847.3
12,757.6
Pre Day
0.00%
168.8 172.7-0.60%
12,772.0
15,822.6
1,856.1
3,362.3
467.2
-0.55%
2,794.7
1,883.9
0.36%
-1.20%
-0.80%
-0.48%
2,809.7
16,175.6
476.5
83.3
407.6
-324.4
Change %
5,652.7
3,206.9
2.3
-0.37% 15.5
Pre Day
Week ending
-0.27%
53.47%
-0.44%
-1.81%
-0.60%
-1.81%
228
2,203.5
5,735.6
3,223.3
12.6
-1.80%
4.35%
-0.10%
2,163.7
2.4
876.4
59.68%
59.68%17.75%
-4.62%
8.419.4
227
3,203.8
673.9
5.3
238
1,076.1
-0.37%
952.29%
-95.56%
Today
858.3
2.1
18.1
15.2
5,631.9
2,171.7
16.5
258.61%
258.61%
% WoW
ChangeLast Week
300.1
2.4
-0.11%
-3.35%
-0.37%
-2.87%
-1.94%
-1.79%
-2.86%
% WoW
ChangeLast Week
-1.81%
648.65%
-20.82%
811.16%
117.1
-2.25%
2.1
22.9
94.2
12,711.7
% Change
-0.36%2.1
-364.63%
15.3
5500
5600
5700
5800
5900
Index
ASPI
3140
3160
3180
3200
3220
3240
3260
3280
3300
Index
S&P SL20
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
0
1,000
2,000
3,000
4,000
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
COMMERCIAL BANK
SAMPATH
NAT. DEV. BANK
HNB
ROYAL CERAMIC
Most Active
264.00 + 48.60 22.56% ENVI. RESOURCES [W0003] 1.40 - 0.40 -22.22%
-11.29%
-13.89%
-21.05%
-14.80%
68.90
47.00
47.90
+ 5.90
5.80
Today Pre Day
109.00
235.10
2.40
+ 2.20
DISTILLERIES
11,304
1,321,168
COMMERCIAL BANK 109.90
Company
5,495
16,583
40
TEA SMALLHOLDER
RENUKA SHAW [X]
Company Today
1.5%
SIGIRIYA VILLAGE
ASIRI CENTRAL
5,064,264
1,371.75
5.83
1,143 852.85
1.4%
Change
15.80
Company% of
Mkt CapVolume
54.09
0.00%
0.00%
235.90
-0.07%
1.8%
2.2%
Change
- 0.80
- 69.50
- 0.50
- 9.60
% Change
236.00
149.00
99.00
145.10
CARGO BOAT
+ 4.50
CEYLON LEATHER [W0014]
69.90
121.60
1,620.50
109.90
440.101,625.10
13,801.54
977.91
4.0%
2.2%
1.2%
564
317,593
92,662
1,155
4.0%
178.00
59.90
3.4%
177.90
56.70
440.00
3.5%
6.69
1,620.00
110.00
137.86
1.43
LOLC
AITKEN SPENCE 123.00
2.5% 7.67
181.91
149.20
649.44469.54
5.103.68
440.00
705.60
9.10
JOHN KEELLS HOLDINGS 29,254
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 21,735
1.5%
1,476289
4,274
9.2%
6.5%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)
3.0016.18%
Intraday
Low (LKR)
Turnover
LKR ('000)
557,003.04
956.07
4,371.20
3.12
740.00
6,892.14
Intraday
High (LKR)
236.00
1.08
119.10
233.50
119.00
177.90
43.00
9.00
% Change
1,514.52
108.31
397.88
2,858.35
7.50
Today
9.37%
Turnover
(LKR)
145.80
22.43
0.05
109.00
56.70
145.80
42.50
312,903.42
70.00
235.90
148.60
42.50
705.40
69.50
3.10
75.40
TodayCompany
145.80
CEYLON LEATHER [W0013]
400.00
2,455.58
11.89
312,903,423
2,950,485
10.77
LIGHTHOUSE HOTEL
CEYLON BEVERAGE
Pre Day
0.83%109.00 25.7%5.06
Volume (mn)% Change
10.59%
+ 5.80 13.78%
109.90
CompanyContribution to
Total T/O
122.00
0.1%
0.1%
1.20
5.06
1.32
2.70
0.34%235.10
0.34
0.090.07%
0.69
0.83%
0.34%
4.17%
0.6%
0.5%
14.5%
Contribution to
Total T/O
1,852,070
-2.02%
5.80
PANASIAN POWER 2.70
145.00
149.10
97.00
FREE LANKA 2.50
SAMPATH 235.90
% Change
VALLIBEL
557,003,039
13,801,536
9,936,790
312,903,423
49,550,092
1.10
1.32
0.10
0.3% 6,387,241
557,003,039
14.5%
Volume (mn)
25.7%
Turnover
(LKR)
2.3%
149.10
119.00
705.50
9.00
750.00
Close
233.90
746.20
233.30
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar No Announcements
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 Commercial Credit an
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) 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
1,576.50 4.00
METALS
ENERGY
Commodity
22,537.8
Units
0
-10.2
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.25%
0.23%
35.2
Russia
Saudi Arabia
Japan
350.40
USD/t oz.
USD/t oz. 0.21
715.75
0.35
28.71
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
11,652.3
Value
14,089.7
1,518.2
USD/bbl.
USd/lb.
USd/lb.
AMERICA
-5.00
3.5
Change
-0.32%-0.27
0
-0.17
Change %
0.10%
Change %
-0.69%
0.74%
0.08%
-0.19%
0.40%
-1.50%
0.25%
06:00
06:00
06:00
0-Jan
0-Jan
05:49
05:50
Time*
05:59
05:59
05:59
-0.48%
06:00
Company
00-Jan-00
1/0/1900
28-03-2013
6,349.6
Singapore
Switzerland
Thailand
UK
0.09
-342.4
01 for 10.9037
2,607.3
135.19
1/0/1900
1/0/1900
4.27
USA
01:28
-30.5
1/0/1900
Change
-0.39%
45.9
03:01
0
Payment DateDPS (LKR) XD Date
191.55
0.00
0.00 0
0
127.43
0.0033.98
Malaysia
4.15
129.52
20.47
2.32
1.36
40.99
India
Currency
165.81
Indicative Rate
04.03.2013
China
0
USd/bu.
85.13
Price
110.50
90.51
USD/bbl.
102.44
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
00-Jan-00
1/0/1900
1/0/1900
00-Jan-00
Description
0.00
0.00
Capitalalization 27-03-2013
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
Cargills [CARG: LKR145.8]: Millers Brewery Ltd (MBL), a wholly-ownedsubsidiary of CARG has on the 25th of February 2013, entered into an
Agreement with Carlton United Breweries Ltd of Australia (CUB), a subsidiary of
SABMiller of London and Johannesburg whereby MBL will produce CUB'SFOSTERS Lager under license for distribution and sale in the territory of Sri
Lanka.
LB Finance [LFIN: LKR146.7]:Ms Anandhiy Krishnajina Gunewardena was appointed as Independent Non-Executive Director of LFIN with effect from 1st March 2013.
Kegalle Plantations [KGAL: LKR110.1]: RPC Plantation Management Services Private Limited purchased208,310 shares of KGAL at a purchase price of LKR23,568,207 on 27
thFebruary 2013. Consequently, its
shareholding in KGAL has increased to 71.39%.
Local News
China Exim Bank signs USD200 mn loan to put Matara-Beliatta on track: The Exim Bank of China hassigned the relevant Loan Agreement with the Government of Sri Lanka indicating its agreement to provide
USD200 mn under Preferential Buyers Credit facility to finance the Matara-Beliatta Section of the Matara-
Kataragama Railway Extension Project. This is following the Chinese Government on request from the
Government of Sri Lanka agreeing to provide a loan of USD278.2 mn through Export-Import (Exim) Bank of
China on concessional terms to finance Phase I of the Matara-Kataragama Railway Extension Project. The
Finance Ministry said out of the total loan amount, USD200 mn will be provided under Preferential Buyers
Credit facility and the balance USD78.2 mn will be provided under Chinese Government concessional loanfacility. These loan facilities will be provided at an annual interest rate of 2% with a repayment period of 20
years including a five-year grace period.
[Source: www.ft.lk]
India ups aid to Sri Lanka to Rs. 12.5 b via Budget: Even as the anti-Sri Lanka mood in Tamil Nadu is gettingmore belligerent, the Centre has increased its annual grant to the country in the Union Budget. The
allocation has gone up to Rs. 500 crore (INRs. 5 bn or SLRs. 12.5 bn) for 2013-2014 from Rs. 290 crore last
year. It was Rs. 181.94 crore in 2011-2012. The Budget has allocated Rs. 5,550 crore as aid for foreign
governments and organisations.
[Source: www.ft.lk]
Sri Lanka Cairn draws blank on fourth well: Cairn Lanka (Pvt) Ltd has not found any oil in its fourthexploration well, its parent company said in a stock exchange filing. Cairn India said the well found "thick
high quality re servoir sands, which were not hydrocarbon bearing," and it was plugged and abandoned. The
data from the well and another two wells where petroleum was found will be used to fully understand the
potential of the block, the firm said. Analysis of data is expected to take at least until the first quarter of next
year, according to earlier statements.
[Source: www.ft.lk]
Sri Lanka to continue relaxing exchange controls: CB governor: Sri Lanka will continue to liberalise foreignexchange controls to encourage the investments needed to maintain high economic growth, Central bank
governor Nivard Cabraal said. "The thinking now is to try to have faster growth for which we need more
savings and investment which, if not available in our own country, we must get from outside,"he said.
"What we are setting out is exchange liberalisation in a gradual manner - gradually giving confidence to
outside and local investors," he told a forum on liberalizing foreign exchange controls organized by the
Shippers' Academy Colombo. "In the next few years we will need to bring in new reforms. We have not gone
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7/29/2019 Daily Trade Journal -04.03
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Softlogic Equity Research Page | 6
too fast, nor have we gone too slow. We have been not too hot or too cold, not too hard or too soft. We will
apply those principles in foreign exchange regulations."
[Source: www.lbo.lk]
Sri Lanka Mattala flights by Air Arabia: Air Arabia, a UAE based budget carrier will launch twice weeklyflights to Sri Lanka's second international airport in Mattala from March 18, a media report said. It will start
flights between Sharjah and Mattala, Arabian Business, a Middle Eastern business news portal said. "Just afew months after our inception in 2003, we launched a direct service to Colombo, which was our first
destination in the Subcontinent, and we are delighted to now add a second route to the country," Adel Ali,
Group chief executive of Air Arabia was quoted as saying. "Our new service to Mattala is in direct response to
passenger demand, and while contribute to the trade and tourism ties between UAE and Sri Lanka." The
airline already operates nine weekly flights between Sharjah and Colombo, flying every day and twice a day
on Tuesdays and Fridays.
[Source: www.lbo.lk]
Global News
Eurozone unemployment hits 11.9%:The rate of unemployment in the eurozone rose to a fresh record highin January, official figures show. The jobless rate in the 17 countries that use the euro rose to 11.9% in
January from 11.8% in December, the statistics agency Eurostat said. The highest rate was 27% in Greece,
although the most recent figure there was from November, while the lowest rate was 4.9% in Austria.
Eurostat also said eurozone inflation had fallen to 1.8% in February. The inflation figure was the lowest for
two years, putting it in line with the European Central Bank's (ECB) inflation target of below, but close to 2%.
Analysts said that the high unemployment and low figure for inflation would make it more likely that the ECB
would cut its interest rates later in the year from the current rate of 0.75%.
[Source: www.bbc.co.uk]
China Tightening Pressure Eases as Growth Recovery Slows: China may hold off tightening monetary policyafter growth in services and manufacturing weakened, underscoring challenges for the nations leaders as
they open the annual session of parliament tomorrow. Expansion in industries including retailing,
transportation and banking was the slowest in five months in February, an official survey of purchasing
managers showed yesterday. Gauges released March 1 pointed to manufacturing growth cooling. The
recent batch of data suggest the current recovery is relatively weak compared to past ones, which means the
government may delay the timing of monetary tightening to support growth,said Chief China economist at
Nomura Holdings Inc. in Hong Kong.
[Source: www.bloomberg.com]
http://www.lbo.lk/http://www.lbo.lk/http://www.lbo.lk/http://www.lbo.lk/ -
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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
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+94 31 2224714-5, +94 77 3569827
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+94 37 2232875, +94 77 3615790
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