Daily Trade Journal - 17.04.2013

7/28/2019 Daily Trade Journal - 17.04.2013

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]

4.0%

9.0%

ASPI

S&P SL 20 Index

+ 15.85

+ 10.42

5,868.53

3,361.99

ASPI

Wednesday, April 17, 2013

805.0

% ChangePoint ChangeToday

31.9

610.7

0.27 %

0.31 %

2,248.3

YTD Performance

S&P SL 20 Index

38.4

43.7

7.0

126.1

82.4

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 17.04.2013Bourse extends gains on a positive outlook: The

benchmark index extended its gains today on a

highly positive sentiment in the early trading session.

However in the mid trading and late trading the

market wandered on a consolidation phase while

retaining its earlier gain reflecting a formation of a

technically called doji pattern. ASPI gained 16points to close at 5,868.53. Gains recorded on

Distilleries Company (+2.8%), DFCC Bank (+2.4%)

and Commercial Leasing and Finance (+2.1%)

mirrored on the positive performance of the index.John Keells spearheads turnover: John Keells

Holdings strongly contributed to the daily turnover

with a single off-board block of 174k shares which

was crossed off at a price of LKR249.0. The counter

also demonstrated heavy on board retail

participation pushing the price towards theLKR250.0 psychological barrier. JKH closed at

LKR248.60 ending marginally flat. Ceylon Tobacco

Company and Hayleys highlighted the crossing

boards with the former recording a single block of

50k shares at LKR800.0 and the latter also posting a

single crossing of 100k shares at LKR295.0.BFI sector dominates turnover let by NTB: BFI sector

continued to attract notable investor interest led by

Nations Trust Bank. The counter displayed heavy

on-board interest with notable retail participationand denoting two large on-board blocks of 336k

shares and 128k shares transacted at prices LKR63.0

and LKR62.0 respectively. NTB closed at LKR62.90,

up 3.6%. National Development Bank, and

Commercial Bank too attracted heavy investor

interest with intra-day gains of 1.5% and 0.3%.

Retail activity centered on penny stocks: Retail

counters witnessed notable small-investor

participation with counters Blue Diamonds Non-

voting, FLC Holdings and Muller and Phippsdemonstrating heavy trading.

Positive momentum w ithturnover centered on JKH andBFI sector


2/7

Statistical Look Up

Treasury Bill (%) 12.04.2013

9.25

10.25

11.35

13.74

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 p

Healthcare p

Hotels & Travels p

Land & Property p

Manufacturing p

Plantation q

Telecom p

612.4 609.0 0.56% 589.3 3.93%

808.8 822.0 -1.60% 812.6 -0.47%

2,571.8

3,385.0

0.25%

3,402.9

502.2

0.83%2,595.2

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 17.04.2013

Today

-25.75

171.5

2.3

2,616.9

16,380.4

2,727.7

1,924.8

13,587.8

Pre Day

0.00%

171.5 171.00.00%

13,328.5

16,365.1

1,921.4

3,387.8

501.0

0.45%

2,679.5

1,904.0

0.70%

0.09%

0.73%

0.18%

2,707.8

16,240.1

493.1

1,333.4

695.7

637.6

Change %

5,852.7

3,351.6

2.3

0.27% 15.7

Pre Day

Week ending

1.80%

126.57%

2.69%

1.28%

1.19%

1.28%

223

2,219.8

5,794.3

3,322.5

14.1

1.28%

0.00%

0.31%

2,248.3

2.3

126.1

-61.35%

-61.35%-50.67%

0.88%

4.931.9

229

3,362.0

1,579.9

12.6

227

610.7

0.27%

-90.54%

-88.16%

Today

43.7

2.2

82.4

15.9

5,868.5

2,242.2

64.6

97.39%

97.39%

% WoW

ChangeLast Week

309.4

2.5

1.95%

0.86%

0.27%

0.29%

1.09%

0.53%

1.85%

% WoW

ChangeLast Week

1.28%

232.72%

211.21%

282.51%

37.9

1.75%

2.1

26.5

11.4

13,493.1

% Change

0.27%2.2

-93.14%

15.8

5600

5650

5700

5750

5800

5850

5900

Index

ASPI

3200

3250

3300

3350

3400

Index

S&P SL20

0.0

50.0

100.0

150.0

200.0

0

500

1,000

1,500

2,000

2,500

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

JKH

NATIONS TRUST

CEYLON TOBACCO

NAT. DEV. BANK

HAYLEYS

Most Active

3.10 + 0.50 19.23% HAPUGASTENNE 33.40 - 5.00 -13.02%

-6.90%

-8.06%

-9.10%

-8.70%

29.00

4.00

5.50

+ 3.00

3.10

Today Pre Day

1.60

2.90

1.60

+ 0.20

DISTILLERIES

101,380

113,739

BLUE DIAMONDS[NON VOTING] 1.70

Company

2,957

52,853

360

LAXAPANA

ENVI. RESOURCES [W0003]

Company Today

1.5%

ASIA CAPITAL

CITRUS LEISURE [W0019]

211,616

14,936.59

54.93

50,241 40,190.62

1.4%

Change

1.50

Company% of

Mkt CapVolume

807.91

19.23%

4.17%

62.90

-0.48%

1.6%

2.5%

Change

- 200.10

- 0.40

- 2.00

- 3.90

% Change

219.00

167.90

292.90

793.90

RADIANT GEMS

+ 0.50

HARISCHANDRA

70.00

147.90

1,765.40

114.20

450.001,770.00

19,110.76

493.59

4.0%

2.2%

1.2%

106

83,529

109,373

793

4.2%

170.00

56.50

3.4%

168.00

55.40

450.00

3.5%

320.58

1,763.00

114.50

95.22

9.20

LOLC

AITKEN SPENCE 120.10

2.2% 3.94

1,153.75

176.00

1.351,775.58

0.0114.16

450.00

720.00

9.40

JOHN KEELLS HOLDINGS 406,998

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 208

1.7%

31,004

26,804

9.5%

6.6%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

3.9%

3.2%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

Turnover

USD ('000)

2,000.0015.38%

Intraday

Low (LKR)

Turnover

LKR ('000)

24,180.70

2,942.02

192.88

0.60

790.00

101,287.42

Intraday

High (LKR)

249.00

0.76

142.10

216.00

120.00

164.00

43.10

9.20

% Change

14.56

152.44

74.87

776.85

23.47

Today

11.54%

Turnover

(LKR)

152.50

6.20

0.44

113.50

55.00

152.50

43.00

24,753.44

70.00

217.20

173.00

43.00

705.30

70.00

22.80

52.60

TodayCompany

153.00

KURUWITA TEXTILE

4.20

197.44

0.12

7,866,440

2,796,566

119.14

CEYLON LEATHER [W0014]

TAPROBANE

Pre Day

0.04%248.50 4.5%0.41

Volume (mn)% Change

14.29%

+ 0.70 14.58%

248.60

CompanyContribution to

Total T/O

149.00

0.1%

0.2%

1.64

3.02

2.72

2.40

3.62%60.70

0.05

0.231.49%

1.42

6.25%

0.00%

6.25%

1.8%

1.3%

0.3%

Contribution to

Total T/O

3,476,724

2.56%

2.60

RAIGAM SALTERNS 2.50

790.10

170.40

300.40

MULLERS 1.70

FREE LANKA 2.90

% Change

CITRUS LEISURE[WARRANTS]

101,287,424

39,647,211

29,750,255

74,567,016

40,190,625

1.50

1.19

0.10

0.2% 4,468,049

5,144,553

3.3%

Volume (mn)

0.2%

Turnover

(LKR)

1.8%

173.80

120.00

705.60

9.30

799.80

Close

248.60

790.10

248.50



4/7

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 No Announcements

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) q

Crude Oil (WTI) q

ICE Cotton #2 p

CBOT Wheat p

COMEX Gold q

COMEX Silver q

COMEX Copper q

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

Australia

1,373.80 -13.50

METALS

ENERGY

Commodity

21,569.7

Units

0

-34.8

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

1.08%

1.43%

157.6

Russia

Saudi Arabia

Japan

322.60

USD/t oz.

USD/t oz. -0.57

708.00

-9.90

23.10

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

13,382.9

Value

14,756.8

1,574.6

USD/bbl.

USd/lb.

USd/lb.

AMERICA

0.50

22.2

Change

0.42%0.41

0

-1.02

Change %

-2.93%

Change %

0.04%

-2.04%

-0.86%

-1.33%

1.22%

-0.47%

-0.81%

07:45

07:21

07:31

16-Apr

16-Apr

07:35

07:35

Time*

14:29

07:45

07:26

-0.77%

07:25

Company

00-Jan-00

1/0/1900

1/0/1900

6,256.7

Singapore

Switzerland

Thailand

UK

-0.86

-102.4

0

2,574.3

135.87

1/0/1900

1/0/1900

4.33

USA

02:28

-46.1

1/0/1900

Change

-1.34%

161.5

04:01

0

Payment DateDPS (LKR) XD Date

192.59

0.00

0.00 0

0

125.37

0.0033.43

Malaysia

4.01

130.00

20.30

2.32

1.28

41.38

India

Currency

165.23

Indicative Rate

17.04.2013

China

0

USd/bu.

85.83

Price

100.39

87.71

USD/bbl.

101.72

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

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



5/7

Softlogic Equity Research Page | 5

CSE Announcements

Dealing by Directors:

Local News

Sri Lanka power tariffs raised: Sri Lanka's power regulator has approved a tariff request by state-run CeylonElectricity Board denying a request to reduce tariffs of large domestic users, after earlier cutting of LKR40 bn

in estimated costs. Under the new tariffs a proposal to charge domestic users by the highest rated block

instead of differently priced slabs, which ran into stiff opposition at a public hearing had also been approved.

Low user, domestic users had been the most highly subsidized users along with religions categories, industry

and government offices. The regulator denied a request by the CEB to reduce the tariff of large domesticusers to LKR32 above 900 units a month and has maintained a rate of 34 plus 40% fuel surcharge. Other

tariff requests to general purpose, government, religious and industry had been approved. The regulator has

imposed a series of conditions on the CEB.

[Source: www.lbo.lk]

Sri Lanka should be less dependent on foreign borrowings: Central Bank: Sri Lanka should depend less onforeign capital to bridge a savings investment gap, to make the economy more resilient to external shocks,

the Central Bank has said. Sri Lanka had an investment ratio of 30.6 percent of Gross Domestic Product in

2012 but domestic savings were only 17%. National savings were higher at 24% mostly due to remittance

flows. "We should increase domestic savings,"Central Bank Governor Nivard Cabraal said at the release of

the bank's annual report on the economy for 2012. "By 2016 we hope to generate resources for investmentsdomestically." The Central Bank is projecting investments to rise to 33% of GDP by 2016 and domestic

savings to 28.4%. National savings which include remittances are projected to rise to 34.2%. "Also, foreign

capital may be used to partly bridge the savings-investment gap, yet, it may not necessarily constitute a

perfect substitute for domestic savings, because of the external finance premium attached to it,"the Central

Bank said. "Hence, over the long term, increasing the economys potential income by improving productivity

of capital may yield sustainable outcomes. Further, for the corporate sector, financing investments from

external sources may not be difficult in good times, but the possibility of a reversal in capital inflows could

create economic vulnerabilities"


Sri Lanka Treasuries yield steady: Sri Lanka's Treasuries yields eased 01 basis point across maturities atWednesday's auction with the 12-month yield at 11.34% the state debt office said. The 3-month yield was

down 01 basis point at 9.24% and the six month yield was 10.24% also down 01 basis point. The debt office

which is a unit of the Central Bank offered LKR8.0 bn of maturing debt for roll-over and sold LKR14.0 bn in

bills.

Company Name Relationship Transaction Quantity Price (LKR) Date

Singalanka Standard Chemicals [SING: LKR65.0] K. G. Plastics (Private) Ltd Common Director Sale 171,720 55.0-58.0 12.04.13

Singalanka Standard Chemicals [SING: LKR65.0] Best Real Invest Co. Serv ices (Pvt) Ltd Common Director Purchase 275,000 55.0 17.04.13

Singalanka Standard Chemicals [SING: LKR65.0] Penpals (Pvt) Ltd Common Director Sale 716,168 55.0-55.2 12.04.13

Singalanka Standard Chemicals [SING: LKR65.0] Photo Kina (Private) Ltd Common Director Sale 129,840 55.0-56.0 12.04.13

Singalanka Standard Chemicals [SING: LKR65.0] Cinemas (Pvt) Ltd Common Director Sale 162,320 55.0-55.1 12.04.13

Singalanka Standard Chemicals [SING: LKR65.0] Paper Containers (Private) Ltd Common Director Sale 59,253 55.0 12.04.13Singalanka Standard Chemicals [SING: LKR65.0] Mr. K.C Vignarajah Director Purchase 275,000 55.0 12.04.13


6/7



Global economy to grow 3.3-pct led by US, emerging economies: IMF, The global economy will grow 3.3% in2013 with the United States growing 1.9%, emerging and developing nations growing 5.3% and the Euro area

contracting 0.3%, the International Monetary Fund has said. "What was until now a two-speed recovery,

strong in emerging market and developing economies but weaker in advanced economies, is becoming a

three-speed recovery,"IMF economic counsellor Olivier Blanchard said in the agency's April World Economic

Outlook. "Emerging market and developing economies are still going strong, but in advanced economies,

there appears to be a growing bifurcation between the United States on one hand and the euro area on the

other."


Sri Lanka central bank may buy gold: CB Governor: Sri Lanka's central bank, an active trader in gold whichcut its holdings last year may buy into gold, now that it is falling, Central Bank Governor Nivard Cabraal has

said. "Overall, gold prices coming down is giving an opportunity to various central banks across the world to

improve on their holdings,"Cabraal told Bloomberg television in an interview. "An opportunity that provides

us with space to purchase a little more quantities and hold in our own reserves would be an interesting one."

Sri Lanka's central bank which had as much as 16 tonnes of gold by mid 2011 has gradually sold down its

stock, helping boost returns on its reserve assets and central bank profits. By the end of 2011 its gold stock

was down to 9.98 tonnes and by end 2012 it was down to 3.6 tonnes, according to World Gold Council data.

During the last credit bubble that ended in 2008 gold went up to around 1,300 dollars an ounce, fell to 900

and climbed back to 1,800 dollars an ounce amid quantity easing by the Fed and other central banks. Now

gold has tumbled to about 1375 dollars an ounce and oil and other commodity prices are also falling.


Global News

UK unemployment rises to 2.56 million: UK unemployment rose by 70,000 to 2.56 million betweenDecember and February, the Office for National Statistics (ONS) has said. It meant the unemployment rate

for the quarter was 7.9%. The number of people claiming Jobseeker's Allowance last month fell by 7,000 to

1.53 million. Also, the ONS said average regular pay, excluding bonuses, rose 1%, the lowest since records

began more than a decade ago. The number of people in work fell by 2,000 in the latest quarter to February,

to just under 30 million, the first time the figure has dipped since autumn 2011.

[Source: www.cnn.com]

India Gains as Gold Plunge Boosts Scope for Rate Cuts: The gold rout may narrow Indias record current-account deficit, easing pressure on the rupee, damping inflation and boosting scope for a further reduction

in interest rates. Gold purchases account for more than two-thirds of the deficit, which reached USD32.6 bn

in the quarter ended Dec. 31, according to the Reserve Bank of India. The metals 18% plunge in 2013 could

help cut import costs by almost USD7 bn in the 12 months ending March 2014, Barclays Plc said. Indias

finance minister is visiting North America to woo investors as a slide in foreign direct investment increases

reliance on more volatile stock and bond inflows to fund the trade imbalance. The shortfall, along with price

pressures, has restricted the central bank to a 50 basis-point rate reduction this year even with economic

expansion at a decade low.

[Source: www.bloomberg.com]


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

NegamboKrishan 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

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 s ell 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 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 Stockbrokersmay make markets in securities or other financial instruments described in this publication, in securities of issuers described here in or in securities underlying or

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Documents

Daily Trade Journal - 17.04.2013