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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
7/28/2019 Daily Trade Journal - 12.06.2013
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.
7/28/2019 Daily Trade Journal - 12.06.2013
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
Softlogic Equity Research Page | 3.
7/28/2019 Daily Trade Journal - 12.06.2013
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
Softlogic Equity Research Page | 4.
7/28/2019 Daily Trade Journal - 12.06.2013
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.
[Source: www.lbo.lk]
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
7/28/2019 Daily Trade Journal - 12.06.2013
6/7
Softlogic Equity Research Page | 6
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.
[Source: www.lbo.lk]
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]
7/28/2019 Daily Trade Journal - 12.06.2013
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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
Horana
Madushanka Rathnayaka
No. 212, 1st
Floor, Panadura Road, Horana
+94 34 7451000, +94 77 3566465
Negambo
Krishan Williams
No. 121, St. Joseph Street Negambo
+94 31 2224714-5, +94 77 3569827
Kurunegala
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
+94 37 2232875, +94 77 3615790
Matara
Lalith RajapakshaNo.8A, 2
ndFloor, FN Building, Station Road, Matara
+94 41 7451000, +94 77 3031159
Dihan Dedigama
+94 11 7277010, +94 77 7689933
Chandima Kariyawasam
+94 11 7277058, +94 77 7885778
Sonali Abayasekera
+94 11 7277051, +94 77 7736059
Thanuja De Silva
+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
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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
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