Daily Trade Journal - 04.04.2013

7/28/2019 Daily Trade Journal - 04.04.2013

1/7

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]

YTD Performance

S&P SL 20 Index

38.1

17.3

5.5

1,204.1

1,186.9

Thursday, April 04, 2013

797.6

% ChangePoint ChangeToday

38.0

1,647.5

0.44 %

0.42 %

2,206.8

ASPI

S&P SL 20 Index

+ 25.09

+ 13.74

5,753.56

3,319.01

ASPI 2.0%

7.6%

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 04.04.2013Bank push bourse further up: The ASPI which was

rather volatile during the 1st half hour of trade

adopted an uptrend during the rest of the day

gaining 25 points to close at 5753.56. Turnover shot

up following the deal in Nations Trust Bank which

contributed 69% of turnover. Commercial Bank,

Ceylon Tobacco, DFCC and Dialog weightedheavily on the positive trend of the index. With blue

chips in the front run S&P SL20 saw a similar pattern

gaining 14 points.Nations Trust Bank Overshadowed turnover:Nations

Trust Bank led the turnover with 2 crossings

accounting for 18.9mn shares or 8.2% stake

changed hands at LKR59.0 which was noted to be

a foreign to foreign deal. On-board trading on the

counter was also high with 1.1mn shares trading as

the counter closed at LKR60.5.

BFI sector continue to dominate trading: Banks

continued to be the highlight of the day with 52-

week high prices being recorded Union Bank

(+6.2%), National Development Bank (+0.2%) and

DFCC (+2.9%) while further strong buying was

noted in Sampath Bank(+0.4%), Commercial Bank

(+1.6%) and Pan Asia Bank (+6.1%). All counters

ended in the green with strong gains during the

day.Active Retail Interest: Retail investors seemed to

have grown in confidence entering the banking

sector on a strong note. Most smaller banks

generated considerable retail interest during the

day.

Bullish rally on banks


2/7

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 p

Diversified q

Healthcare p

Hotels & Travels p

Land & Property p

Manufacturing q

Plantation q

Telecom q

-0.64%

2.1

629.0

-33.8

13,120.3

% Change

0.44%2.1

-94.74%

15.5

0.54%

0.19%

1.14%

-0.44%

% WoW

ChangeLast Week

0.08%

102.30%

88.69%

-151.14%

595.2

2,197.2

21.7

-19.22%

-19.22%

% WoW

ChangeLast Week

2,039.5

16.1

0.49%

0.23%

0.44%

Today

17.3

2.1

1,186.9

15.5

5,753.6

0.42%

2,206.8

2.3

1,204.1

76.95%

76.95%74.68%

0.44%

13.038.0

229

3,319.0

931.1

7.4

228

1,647.5

0.44%

228.79%

3009.87%

Week ending

0.11%

-77.43%

0.88%

0.08%

0.77%

0.31%

227

2,205.1

5,735.7

3,293.6

168.2

0.08%

0.00%

366.2

38.2

328.1

Change %

5,728.5

3,305.3

2.3

0.44% 15.5

Pre Day

13,227.4

16,085.6

1,895.4

3,318.6

472.3

0.76%

2,695.8

1,888.9

1.31%

0.05%

1.66%

-0.16%

2,654.8

16,057.7

476.1

170.8 169.8-0.06%170.7

2.3

2,573.5

16,094.4

2,698.9

1,892.5

13,292.6

Pre Day

0.00%

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 04.04.2013

Today

-36.44

597.6 583.3 2.45% 581.7 2.73%

787.0 793.9 -0.87% 788.7 -0.21%

2,590.0

3,306.3

0.38%

3,343.9

474.1

-0.19%2,578.5

5550

5600

5650

5700

5750

5800

Index

ASPI

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

Softlogic Equity Research Page | 2.


3/7

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

NATIONS TRUST

SAMPATH

UNION BANK

NAT. DEV. BANK

COMMERCIAL BANK

Most Active

Close

248.20

785.70

247.00

795.00

162.00

119.80

705.70

9.10

Volume (mn)

53.7%

Turnover

(LKR)

3.1%

1,183,991,843

47,174,062

37,094,721

92,217,721

67,501,264

0.65

0.40

0.34

0.1% 1,552,144

1,183,991,843

4.2%

20.50

172.00

111.50

MERCHANT BANK 18.40

UNION BANK 20.50

% Change

CIFL

TOKYO CEMENT 22.20

0.78

20.04

3.35

23.10

0.39%229.70

3.35

0.270.17%

0.64

2.37%

6.22%

10.84%

2.1%

1.7%

3.1%

Contribution to

Total T/O

13,878,189

1.55%

2.50

67,501,264

13,920,482

67.88

KALAMAZOO

PALM GARDEN HOTL

Pre Day

2.37%59.10 53.7%20.04

Volume (mn)% Change

19.88%

+ 0.60 27.27%

60.50

CompanyContribution to

Total T/O

140.00

0.6%

0.6%

Turnover

(LKR)

151.00

5.44

0.36

109.00

55.00

151.00

43.00

92,217.72

71.50

230.60

161.00

43.50

705.40

70.00

10.70

825.00

TodayCompany

151.80

DUNAMIS CAPITAL

90.10

730.17

0.5670.84

6.98

143.97

687.47

3.29

Today

12.07%

Turnover

USD ('000)

80.6033.33%

Intraday

Low (LKR)

Turnover

LKR ('000)

37,094.72

414.93

293.71

1.14

770.00

26,420.95

Intraday

High (LKR)

248.50

2.25

135.00

228.00

119.70

162.10

43.80

9.00

% Change

JOHN KEELLS HOLDINGS 106,544

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 1,001

1.7%

20,0606,052

339

9.6%

6.7%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

3.9%

3.3%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

2.52

1,720.00

111.50

283.81

0.12

LOLC

AITKEN SPENCE 119.80

2.2% 5.03

14.60

162.40

8,926.4410,415.49

70.6882.47

440.00

708.00

9.10

1,721.40

111.50

445.001,750.00

881.75

635.54

3.9%

2.2%

1.2%

204

75,641

5,440

2,370

4.2%

163.90

56.50

3.4%

163.00

55.00

440.20

3.6%

230.60

6.22%

1.7%

2.3%

Change

- 8.80

- 8.90

- 1.00

- 75.00

% Change

231.00

171.70

109.80

19.30

PARAGON

+ 435.30

MIRAMAR

70.80

139.90

Volume

209.20

-4.00%

-3.90%

336,465

8,573.15

45.46

406 318.46

1.4%

Change

0.40

Company% of

Mkt Cap

2.40

Today Pre Day

59.10

19.30

16.60

+ 0.10

DISTILLERIES

61,572

400,579

NATIONS TRUST 60.50

Company

3,901

7,474

300

CEYLON LEATHER [W 0014]

S M B LEASING [X]

Company Today

1.5%

TRADE FINANCE

CEYLON LEATHER [W 0013] 2.70 + 0.80 42.11% CEYLON PRINTERS 811.00 - 439.00 -35.12%

-8.33%

-8.55%

-9.84%

-8.99%

13.00

2,625.40

2.80

+ 1.40



4/7

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Ceylon Grain Elevators 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

q

q

p

q

p

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 q

COMEX Copper q

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

00-Jan-00

23-05-2013

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*

USd/bu.

89.05

Price

107.19

94.55

USD/bbl.

101.96

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

191.09

0.14

0.00 0

15-05-2013

126.30

0.0033.68

Malaysia

3.99

132.29

20.37

2.32

1.36

40.99

India

Currency

162.21

Indicative Rate

04.04.2013

China

0

Payment DateDPS (LKR) XD Date

6,418.2

Singapore

Switzerland

Thailand

UK

0.05

-30.3

0

2,668.1

133.58

1/0/1900

1/0/1900

4.29

USA

02:28

3.8

1/0/1900

Change

1.12%

272.3

04:01

0

00-Jan-00

1/0/1900

1/0/1900

06:45

06:45

-0.03%

06:45

Company

07:05

06:44

06:51

0-Jan

0-Jan

06:58

06:58

Time*

06:45

-0.20%

Change %

-0.32%

-0.12%

0.13%

0.05%

2.20%

-0.14%

-0.54%

-16.6

Change

-0.29%-0.22

0

0.02

Change %

332.55

USD/t oz.

USD/t oz. -0.08

694.25

-0.80

26.74

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

12,634.5

Value

14,550.4

1,553.7

USD/bbl.

USd/lb.

USd/lb.

AMERICA

-3.50

METALS

ENERGY

Commodity

22,337.5

Units

0

26.7

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

-0.76%

-1.05%

-111.7

Russia

Saudi Arabia

Japan

1,544.30 -9.60

Australia



5/7

Softlogic Equity Research Page | 5

CSE Announcements

Aitken Spence Plantation Managements Limited- Introduction: The CSEhas approved, in-principle, an Application submitted by the above Company, for

the listing of its Ordinary Voting Shares on the Diri Savi Board of the CSE.

21,300,000 Ordinary Voting Shares of the Company will be listed by way of an

Introduction. The said Application was received by the CSE prior to thediscontinuation of Introductions as a method of listing by way of SEC Directive

dated 2nd March 2012, which Directive is effective from April 2012. The

Ordinary Voting Shares will be granted a listing on or before the 3rd market day

upon receipt of the Declaration from the Company.

Touchwood Investments [TWOD: LKR5.6]: Mrs. Jamburegoda Gamachchige Swarna Maloney was appointedas Vice Chairperson of TWOD w.e.f 2

ndApril 2013. Mr. Charles Nazerias Jeffry Ebert was appointed as CEO

w.e.f 4th

April 2013.

Kegalle Plantations [KGAL: LKR112.4]: R P C Plantation Management Services Private Limited has purchased242k shares of the company at a total consideration of LKR27,439,142 on the 2

nd

of April 2013.Consequently, the Group shareholding in KGAL has increased to 74.06%.

Nation Lanka Finance [CSF: LKR9.0]: Mr. P D Charith S Amarasekara has been appointed as CEO w.e.f 1stApril 2013.

Local News

Banks cut gold exposure on possible price crash: possible global gold price crash as predicted by certainanalysts, either this year or next year, has prompted Sri Lankan banks to take a more cautious approach in

carrying out pawning businesses. The market leader in pawning business, state-owned Peoples Bank, whichhas pawning advances amounting to as much as 40% of the total loans and advances, has already taken

measures to minimize its exposure to a possible gold price crash in view of the falling international prices. In

anticipation of possible global price decline, we have brought down our pawning advances to around 35%

(from the total advances) and we are daily monitoring the situation as a control measure. We no more

encourage gold-backed loans as we did before, Peoples Bank Deputy General Manager Retail Banking

G.P.R. Jayasinghe said. As of September 30, 2012, the total outstanding pawning advances of the bank stood

at a staggering Rs.190 billion, even bigger than the total balance sheets of some smaller banks.

[Source: www.dailymirror.lk]

Capital market to contribute USD50 bn to GDP by 2016: The capital market is expected to contribute USD50 bn for the countrys GDP by year 2016, therefore the Stock Brokers should be geared to handle the

highest number of deposits in the future, Director General Security and Exchange Commission (SEC) Dr

Nalaka Godahewa said. Sri Lankas GDP would be USD100 bn by 2016, out of which 50% should contribute

from the capital market. Therefore, each stock broker should be geared to manage many retail accountsDr

Godahewa said. He said that right now the countrys total GDP was USD60 bn and the capital markets

contribution to the GDP was only 30%. There are more than 220,000, accounts in the Capital Depository

System, he said. At present the country has 29 stock brokering companies, each company should be geared

to manage at least 20,000 retail deposits. Therefore all stakeholders should work together to make a vibrant

stock market to achieve that target. To popularize the capital market education aspect plays a pivotal role

because our present market is a speculative market than the research base market, he said.

[Source: www.dailynews.lk]

Malaysian Airlines adds frequencies to Colombo: Malaysian airlines in a bid to meet the growing passengerdemand have added two additional frequencies to Colombo. This would increase their weekly flights to

Colombo to ten. Malaysian Airlines General Manager, in Sri Lanka and Maldives, Shah Irwan Shahizan said

that currently they are maintaining high passenger growth at around 20% and they also see an increased


6/7


demand from both countries in the future. "This is the reason why we decided to increase flights to

Colombo", he added. The two new frequencies would be day flights and the airline would be using a Boeing

737-800 flights departing from Colombo at 01 00 hours and arriving in Kuala Lumpur at 07 10 hours and the

Kuala Lumpur- Colombo day flights will depart at 1110 hours and arrive at 1200 hours. This would offer 480

seats per week for a route. "The daytime frequencies will offer better travel options for passenger,"he said.

[Source: www.dailynews.lk]

Sri Lanka should push harder to cut peak power demand: Sri Lanka should push harder on cutting peakpower demand as 'average'costs are meaningless and trimming the most expensive 5.0 percent of energy

has the potential to eliminate losses at Ceylon Electricity Board, a think tank has said. About 17% of the

generation costs of state-run Ceylon Electricity Board went towards the most expensive last five percent of

energy purchased, LirneAsia, a regional think tank said in public consultation called by the Public Utilities

Commission of Sri Lanka. The CEB also spent 17% of its costs on the least expensive energy, which amounted

to 50% of the total energy purchased. "Thus, if energy purchases could be reduced by 5 per cent, it is possible

that the losses of the CEB could be eliminated," LirneAsia chair Rohan Samarajiva said. "This is the

importance of managing demand. Not all the demand needs to be reduced in absolute amounts. Shifting it to

off-peak, (when the sole base load coal plant, producing inexpensive energy is asked to back down) could alsoprovide substantial relief. If peak demand is lowered, the overall costs of supplying electricity will be

reduced."

[Source: www.lbo.lk]

Global News

Euro-Area March Services Output Contracts More Than Estimated: Euro-area services output contractedmore than initially estimated in March as the economy struggled to pull out of the recession An index of

services activity based on a survey of purchasing managers in the industry declined to 46.4 last month from47.9 in February, London-based Markit Economics said today. Thats below an initial estimate of 46.5

published on March 21. A reading below 50 indicates contraction. A composite index for the services and

manufacturing industries fell to 46.5 from 47.9, matching the initial estimate, Markit said. The composite

gauge has been below 50 for 14 straight months. The recession has definitely eased, as there has been

progress, led by Germany, said Christian Schulz, senior economist at Berenberg Bank in London and a

former ECB official. But the political uncertainties will weigh on confidence, and thus growth. Now with Italy

and Cyprus the recovery will be a bit more wobbly.

[Source: www.bloomberg.com]

Japan bank's Haruhiko Kuroda in aggressive growth move: The Bank of Japan has said it will dramaticallyexpand the country's money supply, as it tries to stimulate growth in the world's third-largest economy. Thecentral bank vowed to boost an asset purchase programme and meet a 2% inflation target in two years,

after a two-day meeting, the first chaired by new governor Haruhiko Kuroda. Japan's economy has been

battling more than a decade of falling prices. Mr. Kuroda had previously said he would do "whatever it

takes" to drive growth. "The BOJ will conduct money-market operations so that the monetary base will

increase at an annual pace of about 60tn yen to 70tn yen (USD645 bn to USD755 bn)," the central bank said

in a statement. This increase in the money supply is expected to stoke inflation. Many analysts have said that

falling prices discourage people from spending, and companies from investing, and that has trapped Japan in

a cycle of sluggish growth and recession.

[Source: www.bbc.co.uk]


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. 101, 1/1, Aguruwathota 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 Rajapaksha

No.8A, 2nd

Floor, 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

Shafraz Basheer

[email protected]

+94 11 7277054, +94 77 2333233

Sonali Abayasekera

[email protected]

+94 11 7277059, +94 77 7736059

Thanuja De Silva

[email protected]

+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 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 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

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 to make a purchase and/or sale of anysuch 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

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Documents

Daily Trade Journal - 04.04.2013