daily trade journal - 16.05.2013

7/30/2019 Daily Trade Journal - 16.05.2013

1/6

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]

11.4%

14.5%

ASPI

S&P SL 20 Index

+ 65.88

+ 33.03

6,287.00

3,531.37

ASPI

Thursday, May 16, 2013

871.7

% ChangePoint ChangeToday

58.6

1,881.2

1.06 %

0.94 %

2,414.2

YTD Performance

S&P SL 20 Index

40.2

85.1

10.7

1,275.3

1,190.2

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 16.05.2013Index jumps 66 points: The Colombo stocks saw a

continuous uptrend today driven by the large cap

counters regaining institutional, high net worth and

foreign interest. The surge in the index was heavily

weighted upon John Keells Holdings, Ceylon

Tobacco Company, Lanka Orix Leasing, Commercial

Bank and Hatton National Bank. 146 counters

contributed positively for the index as against 65 that

contributed negatively. The gain S&P SL20 index was

just under 1.0% while turnover for the day rushed to

LKR1.8bnAitken Spence led the crossings board: Aitken

Spence, conglomerate with heavy exposure to the

leisure sector recorded 2 large crossings accounting

for 7.1mn shares dealt at LKR132.6. The transactions

contributed 50% to the days turnover. During the

same time period the counter recorded two on-

board blocks of 208k and 102k shares at a similarprice. The counter closed the day on a negative note

at LKR133.0 (-1.4%). The day saw 10 crossings in total

with 2 crossings in Commercial Bank, 3 in Piramal

Glass and 1 in Dialog.JKH, JINS and OSEA reach 52-week highs out of the

top performers: John Keells Holdings renewed its 52-

week high to LKR278.5 as the counter today closed at

an all-time high closing price of LKR278.0 on adjusted

price basis. The counter which trades at expensive

valuations is rich in foreign and local interest. Both

Janashakthi Insurance and Overseas Reality reached

52-week high prices of LKR14.2 and LKR17.3

respectively.Retail interest moderate and on selected counters:

Retailers were slow today to enter the market as most

remained on the sidelines. However, retail interest was

noted in Janashakthi Insurance, Sanasa Development

Bankand Regnis.

Bourse gains wi th big caps

in the green


2/6

Statistical Look Up

Treasury Bill (%) 17.05.2013

8.75

9.91

10.84

13.48

Inflation (%) Apr-13 6.4

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 p

Diversified p

Healthcare q

Hotels & Travels p

Land & Property p

Manufacturing p

Plantation p

Telecom p

713.6 714.8 -0.17% 716.8 -0.45%

830.7 827.4 0.40% 814.3 2.01%

3,025.7

3,591.6

2.02%

3,622.0

611.7

1.59%3,004.9

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 16.05.2013

Today

1.30

174.4

2.1

3,052.6

17,588.9

2,968.3

2,095.5

14,085.7

Pre Day

0.00%

172.7 171.41.00%

14,231.8

17,432.9

2,078.9

3,569.9

599.6

1.46%

3,041.7

2,067.0

1.22%

0.89%

1.32%

0.80%

2,929.7

17,378.4

601.3

1,088.8

228.9

859.9

Change %

6,221.1

3,498.3

2.1

1.25% 16.9

Pre Day

Week ending

-2.42%

-20.79%

-2.33%

0.96%

0.14%

0.77%

258

2,391.2

6,238.7

3,526.5

74.0

0.96%

0.00%

0.94%

2,414.2

2.1

1,275.3

10.93%

10.93%19.45%

-0.40%

14.958.6

252

3,531.4

1,695.9

13.4

253

1,881.2

1.25%

17.13%

420.01%

Today

85.1

2.3

1,190.2

17.0

6,287.0

2,384.5

49.1

-11.99%

-11.99%

% WoW

ChangeLast Week

2,137.5

16.9

-1.03%

1.21%

1.06%

1.77%

1.38%

0.85%

1.72%

% WoW

ChangeLast Week

0.96%

96.19%

161.06%

-56.17%

650.0

0.89%

2.3

455.9

194.1

13,915.8

% Change

1.24%2.3

-90.11%

16.8

5600

5800

6000

6200

6400

Index

ASPI

3200

3250

3300

3350

3400

3450

3500

3550

Index

S&P SL20

0.0

50.0

100.0

150.0

0

1,000

2,000

3,000

4,000

5,000

Volume('mn)

TurnoverLKR('mn)

Turnover Volume

Softlogic Equity Research Page | 2.


3/6

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

AITKEN SPENCE

COMMERCIAL BANK

PIRAMAL GLASS

JKH

DIALOG

Most Active

185.00 + 35.40 23.66% SERENDIB LAND 1,200.00 - 599.90 -33.33%

-5.88%

-7.41%

-20.00%

-12.00%

76.20

14.00

101.60

+ 8.10

1.00

Today Pre Day

6.90

134.90

9.50

+ 3.60

DISTILLERIES

22,235

113,207

PIRAMAL GLASS 6.90

Company

12,142

90,837

3,586

PALM GARDEN HOTL

BOGALA GRAPHITE

Company Today

1.5%

SIGIRIYA VILLAGE

MERC. SHIPPING

1,323,423

3,307.05

582.69

7,136 5,962.16

1.3%

Change

26.00

Company% of

Mkt CapVolume

544.90

11.11%

12.00%

116.60

0.00%

1.6%

2.3%

Change

- 0.10

- 0.60

- 6.80

- 0.10

% Change

227.00

274.20

9.50

6.90

ENVI. RESOURCES [W 0003]

+ 1.50

S M B LEASING [X]

73.00

148.90

1,890.00

116.60

446.001,890.00

12,320.81

2,232.88

3.8%

2.2%

1.2%

799

5,526,765

72,315

7,565,959

4.2%

184.00

62.50

3.2%

184.00

62.20

445.80

3.2%

47.25

1,890.00

116.70

1,003,427.84

25.82

LOLC

AITKEN SPENCE 136.00

2.3% 17.70

3,257.63

172.00

138.16582.12

1.094.61

445.50

720.00

9.60

JOHN KEELLS HOLDINGS 247,795

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 584

1.6%

310308

75,633

9.9%

6.6%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)

0.4016.07%

Intraday

Low (LKR)

Turnover

LKR ('000)

152,971.36

5,539.44

1,212.27

4.53

830.00

68,757.87

Intraday

High (LKR)

278.50

7,952.01

147.00

224.50

132.60

181.50

44.00

9.40

% Change

42.63

97.64

571.54

52,533.25

43.90

Today

11.89%

Turnover

(LKR)

162.10

416.32

4.62

115.50

59.50

162.00

42.70

25,504.50

73.00

225.80

168.00

43.10

710.20

73.00

85.00

1.60

TodayCompany

163.50

CHEMANEX

4.40

202.12

0.34

1,003,427,839

52,533,248

26.21

JANASHAKTHI INS.

CEYLON LEATHER [W 0013]

Pre Day

-1.41%134.90 41.6%7.57

Volume (mn)% Change

12.00%

+ 11.20 12.39%

133.00

CompanyContribution to

Total T/O

149.50

2.2%

1.8%

5.53

11.00

7.57

12.50

1.39%115.00

11.00

0.251.39%

3.24

0.00%

-1.41%

1.05%

2.8%

2.2%

41.6%

Contribution to

Total T/O

43,601,577

1.05%

0.90

JANASHAKTHI INS. 14.00

6.90

278.00

9.60

DIALOG 9.60

AITKEN SPENCE 133.00

% Change

S M B LEASING

1,003,427,839

68,757,873

52,533,248

152,971,364

75,901,331

5.09

1.32

5.53

0.2% 4,579,935

75,901,331

6.3%

Volume (mn)

3.1%

Turnover

(LKR)

3.1%

171.00

133.00

714.00

9.60

845.00

Close

278.00

845.00

275.00



4/6

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Printcare PLC

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

p

p

q

p

* 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 p

COMEX Gold q

COMEX Silver q

COMEX Copper q

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

Australia

1,373.30 -22.90

METALS

ENERGY

Commodity

23,082.7

Units

0

2.8

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

0.40%

0.51%

60.4

Russia

Saudi Arabia

Japan

323.55

USD/t oz.

USD/t oz. -0.45

696.25

-2.95

22.21

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

15,037.2

Value

15,275.7

1,658.8

USD/bbl.

USd/lb.

USd/lb.

AMERICA

2.50

8.4

Change

-0.78%-0.67

0

-0.64

Change %

-0.90%

Change %

0.36%

-1.98%

-0.09%

-0.68%

-0.39%

0.17%

-1.64%

07:24

06:59

07:04

0-Jan

0-Jan

07:14

07:15

Time*

06:58

07:04

07:04

0.19%

07:04

Company

00-Jan-00

1/0/1900

1/0/1900

6,706.6

Singapore

Switzerland

Thailand

UK

-0.09

38.4

0

2,812.3

130.67

1/0/1900

1/0/1900

4.25

USA

02:28

13.0

1/0/1900

Change

0.10%

-58.8

04:01

0

Payment DateDPS (LKR) XD Date

192.17

0.50

0.00 0

28-05-2013

126.19

0.0033.65

Malaysia

4.01

124.94

20.52

2.30

1.24

42.03

India

Currency

162.47

Indicative Rate

16.05.2013

China

0

USd/bu.

85.78

Price

103.59

93.66

USD/bbl.

101.37

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

06-06-2013

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



5/6

Softlogic Equity Research Page | 5

CSE Announcements

Galadari Hotels Lanka [GHLL: LKR14.2] -Issue of shares by way of aPrivate Placement:

Orient Garments [OGL: LKR9.8]: Mr. Harsha Nilantha De Silva, Chairman of OGL tendered his resignationfrom the board w.e.f 4

thApril 2013.

Lanka Floortiles [TILE: LKR77.1], Lanka Walltiles [LWL: LKR72.5], Horana Plantations [HOPL :LKR28.2] :Mr. A T P Edirisinghe and Mr. Sunil Mendis who served as Independent/Non-Executive Directors and Mr. J C

Page and Mr V R Page who served as Non-Executive Directors resigned from the Directorate of the Company

w.e.f 15th

May 2013.

Malwatte Valley Plantations [MAL: LKR4.6, MAL.X: LKR4.7]: The Board being of the view that the surplusfunds of approximately LKR175,000,000 in the Company, is not required for its Immediate purposes,

decided that it is in the interest of the Company that the Company offer to purchase proportionately part of

the issued shares of the Company and cancel same. Accordingly the Circular Resolution Passed on the 16th

Day of May 2013 resolved that the Company do offer to purchase subject to shareholder approval;

32,084,308 issued Voting Ordinary Shares, out of the total issued Voting Ordinary Shares of 224,590,160,constituting approximately 14.28%, in the proportion of 1share out of every 7 shares held, at a price of

LKR5.0 per share

3,285,714 issued Non-Voting ordinary shares out of the total Non-Voting shares in issue of 23,000,000constituting approximately 14.28% in the proportion of 1 share out of every 7 shares held, at a price of 3.50per share.

The terms of the Offer and the consideration to be paid for such shares is in the opinion of the Company'sAuditors a fair value

The Board is not aware of any information that has not been disclosed to shareholders which is material toan assessment of the value of the shares, and as a result of which the terms of the offer or the consideration

offered for the shares are unfair to shareholders accepting the offer.

Subject to approval of shareholders, the offer to purchase shares would commence on 25th

June 2013 and

close on 16th

July 2013.

Local News Sri Lanka rupee strengthens amid tight liquidity: Sri Lanka's rupee strengthened to 125.70/80 to the US

dollars in the spot in mid-morning trade Thursday, amid tight liquidity but a two week liquidity auction has

been announced, dealers said. The Central Bank cut its policy interest corridor by 50 basis points to 7.00 and

9.00% last week, after killing liquidity and selling down its Treasury bills stock steadily for around two weeks,

keeping the system tight. Selling down Central Bank held bills and withdrawing liquidity creates a 'shortage

of rupees'eventually reducing import demand. The rupee closed yesterday at 126.00 to the US dollar from

around 126.50/70 levels before the rate cut.

[Source: www.lbo.lk]

Sri Lanka exports to India surge after free trade agreement: Sri Lanka's exports to India have surged under afree trade deal, growing six fold, with the number of items going up four fold to 2,100 but most of the

imports to the island take place outside the agreement, economists said. "On average 70% of Sri Lanka's

exports to India are under the free trade agreement, compared to only 30% Indian exports coming to Sri

Name of the party to whom shares were alloted Galadari Brothers Company (LLC)

No of shares alloted and listed 318,395,504

Value of the loan which was converted (LKR) 7,163,898,840

Price per share 22.5

Date listed 16th May 2103


6/6

Softlogic Equity Research Page | 6

Lanka under the FTA,"Saman Kelegama, head of Sri Lanka's Institute of Policy Studies told a business forum

in Colombo. "Sri Lanka's exports to India have increased from one percent of overall export before the FTA to

nearly 6 percent."To favour Sri Lankan producers (against the interests of the consumers), the agreement

was signed on the basis of asymmetric benefits. "When bilateral free trade agreement was signed in 1998,

the asymmetry between the (producers of the) two countries was accommodated by having special and

differential treatment in favour of Sri Lanka,"Kelegama said."A larger negative list a longer or longer tariff

liberalization period for Sri Lanka. High revenue items to Sri Lanka not being subject to liberalization underthe FTA like motor vehicles, more favourable rules of origin etc."

[Source: www.lbo.lk]

Economic Development Ministry launches Matching Grant Scheme: As Sri Lanka embarks on a journey tobecome the Wonder of Asia, Ministry of Economic Development has introduced a Matching Grant Scheme

under the Mahinda Chintana Vision for the Futureto support the tourism related SMEs and strengthen the

local economy through sustainable tourism development. Accordingly the Ministry of Economic

Development has made available a sum of LKR2,000 mn with a credit facility from the World Bank as an out-

right grant for the development of tourism and tourism related Small and Medium Enterprises (SMES).

Thereby, the Ministry of Economic Development will bear the cost for either 50% of the project value or a

maximum of LKR10 mn of any SME project under the tourism industry. It is the governments belief that theSME sector would bridge the gap between large scale corporates and micro level enterprises there by

further contributing towards the objective of strengthening the economy of the country.

[Source: www.ft.lk]

Global News Euro-Area Exports Increase for Third Month on Germany: Euro-area exports increased for a third month in

March as the currency blocs four largest economies all shipped more goods, adding to signs the region is

beginning to emerge from a record-long recession. Exports rose a seasonally adjusted 2.8% from February,

when they increased 0.2%, the European Unions statistics office in Luxembourg said today. Importsdecreased 1% after a 2.2% drop a month earlier. The trade surplus widened more than economists

estimated to EUR18.7 bn (USD24.1 bn) from EUR12.7 bn. The euro-area economy contracted 0.2% in the

first three months of 2013, extending its recession to a sixth quarter and increasing pressure on leaders to

spur growth. The ECB forecasts the euro economy will shrink 0.5% this year, while the European Commission

sees a 0.4% contraction.

[Source: www.bloomberg.com]

Japan GDP Jumps Most in Year as Consumers Open Wallets: Japans economy expanded the most in a yearlast quarter as consumer spending and export gains outweighed the weakest business investment since the

wake of the March 2011 earthquake and tsunami. Gross Domestic Product rose an annualized 3.5%, a

Cabinet Office release showed in Tokyo. Private consumption, making up 60% of GDP, contributed 2.3percentage points to the jump. Nominal GDP, which is unadjusted for changes in prices, rose 1.5%, also the

most in a year. Japan is clearly back from stagnation last year,said Naoki Iizuka, an economist at Citigroup

Inc. in Tokyo. The key from here is whether Abe can unveil a strong growth strategy. If he succeeds, that will

boost business investment to support growth.Abe plans next month to unveil his so-called third arrow of

structural reform, following the first two arrows of monetary and fiscal stimulus.

[Source: www.bloomberg.com]

daily trade journal - 16.05.2013

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