daily trade journal - 12.06.2013

7/28/2019 Daily Trade Journal - 12.06.2013

1/7

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]

11.4%

15.1%

ASPI

S&P SL 20 Index

- 19.03

- 9.06

6,284.76

3,551.41

ASPI

Wednesday, June 12, 2013

923.0

% ChangePoint ChangeToday

21.1

566.3

-0.30 %

-0.25 %

2,413.6

YTD Performance

S&P SL 20 Index

41.1

-102.6

15.9

56.1

158.7

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 12.06.2013Index dips below 6,300: Following a further correction

the market dipped below 6,300 mark with 19 point

drop leading to lower turnover and activity.

Continuous downward volatility was noted

throughout the day stemming from selling pressure in

counters that went through an upsurge in the recent

past. The counters that lead the decline were John

Keells Holdings, Ceylon Cold Stores, Carsons

Cumberbatch and Sri Lanka Telecom.

Strong buying in Sampath Bank: Sampath Bank has

been attracting strong investor interest during the last

couple of days despite its declining price primarily

supported by its healthy valuations. The counter saw

1crossing of 300k shares changing hands at LKR215.0.

A number of mid-sized on board blocks changed

hands at LKR215.0 with overall on-board volumes

reaching 521k shares. The counter closed the day at

LKR215.0 with a drop of 0.9%. Two crossings alsowitnessed in Commercial Bank with 500k share

changing hands at LKR118.0.

Renewed Interest in MTD Walkers: MTD Walkers saw

1.4mn shares changing hands with no crossings as

one large on board deal of 1mn shares were dealt at

LKR30.0. Amidst heavy buying interest the counter

appreciated 14.4% to close at LKR31.8. Chevron

Lubricants recovered from a sharp dip in price at the

start of the day where it recorded an intra-day low of

LKR280.1. However the counter closed up for the day

at LKR294.5 (+0.4%).

Retail activity on selected counters: Retail interest

remained moderate despite lower turnover with

activity registered in MTD Walkers while retail selling

pressure was also noted in Nation Lanka and its

Warrant with the Warrant expected to expire

converting it to normal shares.

Big caps tumble further


2/7

Statistical Look Up

Treasury Bill (%) 12.06.2013

8.67

9.80

10.85

12.71

Inflation (%) May-13 7.3

8.8

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 q

Beverage, Food & Tobacco q

Construction & Engineering p

Diversified q

Healthcare q

Hotels & Travels p

Land & Property q

Manufacturing p

Plantation p

Telecom q

687.6 688.2 -0.08% 700.7 -1.86%

810.3 809.3 0.12% 827.1 -2.04%

3,375.2

3,604.3

-1.05%

3,539.9

617.8

0.16%3,137.9

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 12.06.2013

Today

-13.89

165.9

2.1

3,143.1

19,064.1

2,938.9

2,061.3

13,763.9

Pre Day

0.00%

166.5 170.1-0.37%

13,919.2

19,117.6

2,073.4

3,534.7

624.3

0.15%

2,959.5

2,089.2

-0.18%

-0.28%

1.20%

-0.58%

2,904.0

19,548.8

657.5

358.6

145.5

213.1

Change %

6,303.8

3,560.5

2.1

-0.30% 17.4

Pre Day

Week ending

-0.70%

-22.41%

-7.81%

-2.14%

-2.30%

-2.15%

256

2,466.4

6,422.8

3,635.1

27.2

-2.14%

0.00%

-0.25%

2,413.6

2.1

56.1

-24.55%

-24.55%-33.39%

0.43%

4.421.1

236

3,551.4

750.6

5.9

235

566.3

-0.30%

-84.35%

9.09%

Today

-102.6

2.3

158.7

17.1

6,284.8

2,420.7

31.7

-30.80%

-30.80%

% WoW

ChangeLast Week

818.3

6.4

-1.12%

-2.48%

-0.30%

-2.44%

-1.33%

-1.79%

-6.05%

% WoW

ChangeLast Week

-2.14%

-87.02%

34.36%

-132.65%

432.3

-6.88%

2.4

118.1

314.2

13,789.2

% Change

-0.30%2.3

-148.14%

17.1

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

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.


3/7

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

SAMPATH

COMMERCIAL BANK

MTD WALKERS

CHEVRON

DISTILLERIES

Most Active

31.80 + 4.00 14.39% NATION LANKA [W 0021] 0.10 - 0.20 -66.67%

-6.45%

-10.64%

-16.54%

-11.43%

37.70

29.70

253.90

+ 1.90

31.80

Today Pre Day

0.30

0.80

10.60

+ 49.80

DISTILLERIES

8,766

821,350

NATION LANKA[WARRANTS] 0.10

Company

128,969

35,480

3,756

INDUSTRIAL ASPH.

UNION CHEMICALS

Company Today

1.6%

EDEN HOTEL LANKA

MTD WALKERS

653,937

1,255.66

657.18

202 195.15

1.3%

Change

549.80

Company% of

Mkt CapVolume

103.42

14.39%

-0.92%

119.90

14.39%

1.5%

2.2%

Change

- 12.70

- 0.40

- 2.50

- 1.40

% Change

216.90

293.30

195.00

27.80

CAL FINANCE

+ 1.60

COMMERCIAL DEV.

72.50

143.30

1,983.50

119.90

440.001,990.00

1,492.85

25,149.24

3.9%

2.3%

1.2%

906

428,128

8,916

6

4.4%

195.70

60.10

3.0%

195.00

60.00

436.50

3.1%

1.53

1,983.40

120.00

0.81

1.19

LOLC

AITKEN SPENCE 135.00

2.4% 197.52

151.99

170.00

67.28556.36

0.534.37

436.00

710.00

9.10

JOHN KEELLS HOLDINGS 48,100

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 519

1.6%

153280

3,651

9.7%

7.6%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

3.6%

3.0%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

Turnover

USD ('000)

64.109.96%

Intraday

Low (LKR)

Turnover

LKR ('000)

77,300.14

2,128.81

607.10

4.99

953.00

13,167.98

Intraday

High (LKR)

275.00

0.01

143.00

213.90

135.00

194.90

41.90

8.90

% Change

37.47

11.72

635.53

3,853.26

16.72

Today

5.31%

Turnover

(LKR)

175.00

30.26

5.16

118.00

60.00

167.00

41.50

176,533.29

72.50

215.00

167.00

41.60

701.00

71.10

21.00

20.30

TodayCompany

175.00

BIMPUTH FINANCE

3.10

1,386.45

0.29

1,820,036

19,112,259

9.86

EQUITY TWO PLC

CEYLON LEATHER [W 0013]

Pre Day

-0.92%217.00 7.3%0.82

Volume (mn)% Change

5.69%

+ 13.80 5.75%

215.00

CompanyContribution to

Total T/O

143.30

0.8%

7.3%

1.88

3.46

2.28

217.00

0.17%119.70

1.44

0.100.41%

0.82

-66.67%

0.00%

-3.77%

1.2%

1.0%

0.1%

Contribution to

Total T/O

176,533,287

0.00%

27.80

SAMPATH 215.00

31.80

294.50

195.00

NATION LANKA 10.20

S M B LEASING 0.80

% Change

MTD WALKERS

176,533,287

29,356,720

25,149,236

77,300,142

44,008,531

1.44

0.65

0.13

1.8% 44,008,531

422,530

3.2%

Volume (mn)

0.0%

Turnover

(LKR)

1.8%

167.70

135.00

701.40

9.00

984.00

Close

273.50

976.00

271.00



4/7

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar People's Leasing & Finance Plc

Yuan Sigiriya Village Hotels PLC

Euro Colonial Motors 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

q

q

p

p

q

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 q

COMEX Silver p

COMEX Copper p

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

Australia

1,376.00 -1.00

METALS

ENERGY

Commodity

21,354.7

Units

0

16.1

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

-0.76%

-1.02%

-116.6

Russia

Saudi Arabia

Japan

321.20

USD/t oz.

USD/t oz. 0.06

692.25

1.70

21.71

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

13,289.3

Value

15,122.0

1,626.1

USD/bbl.

USd/lb.

USd/lb.

AMERICA

-4.50

-16.7

Change

-0.19%-0.16

0

0.11

Change %

0.53%

Change %

-0.65%

0.30%

0.42%

0.12%

-0.21%

-1.20%

-0.07%

07:08

06:38

06:48

0-Jan

0-Jan

06:58

06:58

Time*

06:47

06:48

06:47

0.21%

06:48

Company

00-Jan-00

To be notified

1/0/1900

6,353.7

Singapore

Switzerland

Thailand

UK

0.43

-260.4

0

2,699.3

137.66

1/0/1900

1/0/1900

4.09

USA

02:28

13.6

1/0/1900

Change

0.60%

-28.3

04:01

0

Payment DateDPS (LKR) XD Date

199.20

0.50

2.00 To be notified

To be notified

127.33

0.0033.95

Malaysia

3.93

120.62

20.76

2.18

1.32

40.48

India

Currency

169.49

Indicative Rate

12.06.2013

China

0

USd/bu.

85.02

Price

103.39

95.49

USD/bbl.

101.41

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

To be notified

To be notified

1/0/1900

00-Jan-00

Description

0.00

0.00

0 1/0/1900

To be notified

XR Date

00-Jan-00

00-Jan-00

00-Jan-0000-Jan-00

Renunciation

00-Jan-00

3.00

Time*

00-Jan-00



5/7

Softlogic Equity Research Page | 5

CSE Announcements

Chillaw Finance [CFL:LKR11.1]:Rights Issue

Dealing by Directors:

Local News

Sri Lanka short term Treasuries ease: Sri Lanka's short term Treasuries yields eased at Wednesday's with the3-month yield falling 03 basis points to 8.67%, the state debt office said. The 6-month yield fell 01 basis pointto 9.80% and the 12-month yield was flat at 10.85%. The state debt office said LKR943 mn in 3-month bills,

LKR2.7 bn in 6-month bills and LKR11.2 bn in 12-mont bills totaling LKR14.9 bn were sold. The debt office

offered LKR12.0 bn in maturing bills for auction.

[Source: www.lbo.lk]

Sri Lanka relaxes foreign exchange controls: Sri Lanka has relaxed controls on foreign exchange for travel,migration, sale of residential property by non-residents and maintaining foreign exchange accounts. Foreign

exchange for travel had been raised from USD2,500 to USD5,000 and on migration each individual family

member will be allowed to take up to USD150,000 instead of a 'family unit', the Central Bank said.


CB orders cut in credit card interest rates: The Central Bank has told commercial banks to cut the interestrate charged on credit card advances by 4% points in a bid to reduce other lending rates, the Deputy

Governor said on Tuesday. A Central Bank directive asked commercial banks to reduce rates on advances to

24% from 28% and reduce the lending rates on all other loans so as to not exceed 24% per annum.Though

yields on Treasury bills have declined between 199-228 basis points since the Central Bank slashed policy

rates on December 2012, banks rates on commercial loans have declined only by around 100 basis points

and remain around 18%, bankers say.

[Source: www.ft.lk]

DFCC, NDB plan USD250 mn, 10-year global bonds: Sri Lankas top development lenders, NationalDevelopment Bank [NDB: LKR172.4] and DFCC Bank [DFCC: LKR143.3], are each planning USD250 mn bondissues, Deputy Treasury Secretary S.R. Attygalle told Reuters on Tuesday. The decision to let local banks tap

the international market follows the Governments decision not to issue an international sovereign bond

itself this year after raising money through euro bonds for three consecutive years. Both NDB and DFCC are

working on the bond issue. Each of them will go for USD250 mn, 10-year bond issue,Attygalle said. He did

not say when the lenders planned to tap the global capital market. Two sources with knowledge of the deals

said NDB had appointed HSBC, Barclays Capital, Singapores DBS Bank and the investment arm of NDB as the

lead managers to manage the bond. DFCC Bank, meanwhile, has mandated Citibank NA and Bank of America

Merrill Lynch to manage its bond issue, the sources said.

[Source: www.ft.lk]

Sri Lanka power generation positive in March: Sri Lanka's power generation rose 2% in March 2013 to 1,057GigaWatt hours (millions of units) from a year earlier, recovering from a slump in February official data

showed. In February 2013 power generation fell 1.4% to 913 GWh from a year earlier. In the first quarter of

2013, power generation was up 0.5% to 2,957 GWh from a year earlier. Amid better rainfall, state-run

Ceylon Electricity Board's hydro power generation rose 119% to 351GWh in March, usually a relatively dry

Company Name Relationship Transaction Quantity Price (LKR) Date

Royal Ceramics Lanka [RCL: LKR107.4] Mr. A.A Page Director Purchase 3,500 106.5-107.0 05.06.2013-10.06.2013

Alloted/Listed Proportion Consideration Estimated to be Raised Date Listed

4,237,667 1 for 7 LKR10.0 42,376,670 12.06.2013


6/7


month and thermal generation was down just 6.8% to 341 GWh. Private sector power generation was down

28.5% to 364GWh. In the first quarter, CEB hydro generation was up 166% to 1,264GWh, thermal generation

fell 12.7% to 828GWh. Purchases from independent power producers (IPPs) were down 43% to 864GWh.

Non-conventional renewable energy was up 66.7% to 25GWh.


Rupee sinks to 6-month closing low:Sri Lankas rupee dropped to the lowest close in nearly six months onTuesday, weighed down by banks demand for dollars to settle bond-related sales and importer buying ofthe U.S. currency, dealers said. The rupee, which hit 127.80 per dollar in intraday trade, ended at 127.75/85,

its lowest close since Dec. 19. It had closed at 126.55/60 on Monday. We see some small-time bondholders

pulling back with the U.S. treasury yields moving upward,a currency dealer said. They are also concerned

over interest ratesfurther coming down after the central banks comments.

[Source: www.ft.lk]

Global News

Indonesia Raises Deposit Facility Rate After Rupiah Slide: Indonesias central bank said it raised the rate itpays lenders on overnight deposits as a preemptive step to maintain stability after the rupiah weakened and

said it will ensure sufficient liquidity in the market. Bank Indonesia increased the deposit facility rate, also

known as the Fasbi, by a quarter of a percentage point to 4.25%, the central bank said in a statement on its

website. The change will be effective today, it said. Rupiah forwards, which weakened to the lowest in more

than three years this week, rose today, while the Jakarta Composite Index (JCI) fell for a fifth day. Bank

Indonesia policy makers are scheduled to meet tomorrow and all 19 economists surveyed by Bloomberg

News predict they will keep the key reference rate at a record-low 5.75%.

[Source: www.bloomberg.lk]

Euro Trades Near February High on ECB Bets; Yen Trims 2.8% Surge: The euro was less than 0.1% from itshighest in 3 1/2 months before European Central Bank executive board member Benoit Coeure speaks asexpectations for lower benchmark interest rates in the region decline. Europes common currency climbed

1.7% from before the ECBs June 6 meeting through yesterday as short-term rates reached a four-month

high. The yen fell against all but one of its 16 major counterparts, trimming its biggest gain versus the dollar

since 2010. Demand for the greenback was supported before a report tomorrow that may show sales at U.S.

retailers increased by the most in three months. Australias dollar rebounded from the lowest in almost

three years as consumer confidence rose

[Source: www.bloomberg.lk]


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 RajapakshaNo.8A, 2

ndFloor, FN Building, Station Road, Matara

[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 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 a ny 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 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 orrelated to such securities. Softlogic Stockbrokers (Pvt) Ltd may have recently underwritten the securities of an issuer mentioned herein. This document may not be

reproduced, distributed, or published for any purposes.

daily trade journal - 12.06.2013

Documents