daily trade journal - 12.12.2012 (1)

p

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]

-30.9

37.2

117.7

148.6

Wednesday, December 12, 2012

876.8

% ChangePoint ChangeToday

39.1

479.5

1.82 %

1.99 %

1.06 %

YTD Performance

MPI

S&P SL 20 Index

40.6

ASPI

2,118.5

ASPI

MPI

S&P SL 20 Index

+ 98.86

+ 97.77

+ 31.34

5,516.64

5,011.19

2,994.55

-9.2%

-4.2%

-3.4%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 12.12.2012

Bourse rebounded with a sharp upturn of 99 points triggered by the

policy rate cut by the Central Bank and its announcement on the expiry

of the credit ceiling by end December. The benchmark index witnessed

a steep upward trend, touching a peak of 5,524.70 points (+106 points)

before edging down marginally to settle at 5,516.64 points (+99 points),

the highest intra-day gain since 14.09.2012. Major positive contributions

stemmed from Dialog Axiata (+3.7%), John Keells Holdings (+1.23%), Sri

Lanka Telecom (+2.36%), NDB Capital Holdings (+8.5%) and

Commercial Leasing and Finance (+5.5%). The S&P SL20 index took a

similar trend, however closed with a lower 38 point advance at 2,994.55

points.

Banking cluster players gathered focus with today’s announcement of

the Central Bank’s intention to remove the credit growth cap for 2013.

Interest in Hatton National Bank persisted as the counter encountered a

further two blocks constituting c.467k shares which changed hands at

LKR140.0(-0.7%) after which its price touched an intra-day high of

LKR143.0 (+1.4%) before closing with a marginal dip at LKR140.7.

Commercial Bank and National Development Bank witnessed some on-

board interest as each counter advanced 2% and 0.8% at their

respective peak levels before closing with gains of 1.6% and 0.08% at

LKR101.6 and LKR132.0.

Nestle Lanka, which witnessed an intra-day high of LKR1506.0 today,

highlighted the crossings board with a block of 15k shares at a 52-week

high price of LKR1500.0 during mid-trading hours.

Interest stayed in People’s Leasing and Finance Company with its

attractive dividend yield of 8.1%. The counter saw several on-board

blocks between price levels of LKR12.5-LKR13.0 before it closed with a

dip of 2.2% at LKR13.0.

John Keells Holdings was noted in the top turnover slot with majority of

interest weighing on the buying side. The counter witnessed a

transaction of c.78k shares at its intra-day low level of LKR211.8 followed

by which its price shot up to LKR215.0 (+1.5%).

S&P caliber players; Ceylon Tobacco (+0.04%), Distilleries (+1.72%) and

Chevron Lubricants (+1.75%) too saw some interest while the latter two

counters gained 1.7% and 1.8% at their peaks of LKR154.1 and LKR198.0.

European Stocks Are Little Changed before Fed Decisions; Asian stocks

rise: The Stoxx Europe 600 Index rose less than 0.1% to 280.61 at 8:05

a.m. in London. The MSCI Asia Pacific Index advanced 0.5% to 127 as of

7:28 p.m. in Tokyo, heading for its 10th day of gain, the longest winning

streak since July 2009.

Oil Fluctuates as US Stockpiles Climb before OPEC Meets: Oil fluctuated

after an industry report showed stockpiles rising in the US and as OPEC

delegates gathered in Vienna to decide production quota. Crude for

January delivery was at USD85.90 a barrel, up 11 cents, in electronic

trading on the New York Mercantile Exchange.

Policy rate cut triggers rebound…

Statistical Look Up

Treasury Bill (%) 14.12.2012

10.44

11.78

12.45

14.30

Inflation (%) Nov-12 9.5

7.2

All Share Price Index p

Milanka 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 p

Food & Beverage p

Construction p

Diversified p

Hotels p

Land Property p

Manufacturing p

Telecom p

4.28%

-44.95%

-44.95%

% WoW

ChangeLast Week

871.0

6.8

3.42%

6.83%

3.84%

2.00%

1.85%

3.74%

% WoW

ChangeLast Week

3.64%

-83.82%

473.41%

-104.40%

727.8

1.9

25.9

701.9

2,080.5

9.9

Today

-30.9

2.0

148.6

14.6

5,516.6

5,011.2

Change %

5,417.8

4,913.4

2,963.2

1.82%

1.99%

1.06%

2,118.5

2.4

117.7

-1.93%

-1.93%

296.34%

7.69%

3.7

39.1

238

2,994.6

489.0

3.8

221

479.5

Week ending

2.39%

139.93%

11.74%

3.64%

3.18%

2.44%

3.63%

213

2,044.2

5,323.2

4,856.8

2,923.1

16.3

3.64%

0.00%

282.1

246.0

36.1

1.82%

-58.27%

-39.60%

11,804.3

% Change

1.82%1.9

-185.41%

14.4

2.4

1.82% 14.1

11,654.8

14,926.6

1,767.8

3,456.2

480.9

2.54%

2,499.4

1,761.4

2.11%

0.34%

3.58%

1.63%

2,470.6

14,020.4

479.1

2,451.3

3,479.4

3.37%

159.1

3,543.9

497.1

1.96%2,507.0

157.82.98%163.9

2.4

2,556.3

14,977.8

2,559.1

1,796.6

12,053.0

Pre Day

0.00%

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 12.12.2012

Today

1.21

Pre Day

4400

4600

4800

5000

5200

5400

5600

5800

Ind

ex

ASPI MPI

2850

2900

2950

3000

3050

3100

Ind

ex

S&P SL20

-100.0

0.0

100.0

200.0

300.0

400.0

500.0

0

1,000

2,000

3,000

4,000

5,000

Vo

lum

e ('m

n)

Turn

ove

r LK

R (

'mn

)

Turnover Volume

Softlogic Equity Research Page | 2.

High Index Calibre ≥ USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

HNB

NESTLE

JKH

COMMERCIAL BANK

PEOPLES LEASING

Most Active

-6.15%

Close

214.40

445.00

211.80

-9.34%

-7.33%

760.00

140.70683.80

3.81

445.00

8.10

0.00

109.00

669.90

100.00

669.00

118.00

154.10

53.70

144.00

110.00

-5.08%

88,092,110

21,996,347

16,730,837

49,563,823

44,584,522

1.47

0.03

1.31

0.2% 3,606,821

2,376,125

Volume (mn)

-2.70%

0.3%

Turnover

(LKR)

2.1%

1.0%

0.8%

Turnover

(LKR)

0.1%

Contribution to

Total T/O

5,730,626

2.3%

110.00

192.00

0.1%

0.1%

1.79

12.78

1.94

1.60

214.40

101.60

-0.27%1504.70

0.21

0.22

13.00

1.60%

1.40

25.00%

11.11%

13.33%

BLUE DIAMONDS[NON VOTING] 1.70

FREE LANKA

1,938,618

2,881,652

FIRST CAPITAL

UDAPUSSELLAWA

Pre Day

-0.21%141.00 4.2%0.63

Volume (mn)% Change

15.18%

+ 1.00 19.23%

140.70

CompanyContribution to

Total T/O

CEYLON LEATHER [W 0013]

36.00

27.80

102.90

12.90

6.20

+ 13.10

Today

14.59%

6.10

43.00

Today

66.99

3,054.81

0.52

23.71

631.90

1,506.00

760.00

143.00

4.91

384.73

Company

49,563.82

5.00

10,107.03

88,092.11

0.00

% Change

21.46

1,500.60

189.00

78.00

152.00

51.80

102.00

140.00

191.00

78.00

116.90

101.60

750.00

1,500.00

Turnover

USD ('000)

171.8025.00%

Intraday

Low (LKR)

Turnover

LKR ('000)

476.93

0.00

3.70

78.45

445.00

44,584.52

Intraday

High (LKR)

215.00

62.35

JOHN KEELLS HOLDINGS 209,319

ASIAN HOTELS & PROPERTIES

NESTLE LANKA 33,038

1.5%

100

71,069

218,799

8.6%

4.1%CARSON CUMBERBATCH

BUKIT DARAH

SRI LANKA TELECOM

COMMERCIAL BANK [V]

DIALOG AXIATA

3.2%

6.7%CEYLON TOBACCO

HNB [V]

AITKEN SPENCE

SAMPATH BANK

DFCC BANK

0.36

41.70

8.50

8,032.59

170.74

CARGILLS

DISTILLERIES 154.10

1.2% 5.74

21,996.35

118.00

43.30

8.40

670.00

44.90

644.37

739.77

3.2%

2.2%

1.5%

13,392

629,057

5,494

52,609

3.7%

54.40

0.00

2.1%

+ 2.10

1.6%

2.3%

Change

- 17.70

- 2.20

- 0.40

- 2.30

- 1.00

% Change

79.00

100.00

13.30

211.80

16.70

ROYAL PALMS

KOTMALE HOLDINGS

+ 1.70

ASCOT HOLDINGS

SINGALANKA

RAMBODA FALLS

-2.26%

2.40

AMANA TAKAFUL 1.70

S M B LEASING 1.00

% Change

14.38%

1500.60

1.23%

Volume

346.08

4.17%

6.25%

57,711

2,764.66

490.21

105 46.73

3.8%

Change

0.50

Company% of

Mkt Cap

3.7%

2.50

Today Pre Day

0.40

0.90

1.50

+ 0.10

LOLC

14,517

8,100

S M B LEASING[NON VOTING] 0.50

Company

13,900

0

4,467

CFT

S M B LEASING [X]

Company Today

1.4%


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 0

Source: www.cbsl.gov.lk

Global Markets

p

p

p

p

p

p

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

Commodity Markets

Crude Oil (Brent) p

Crude Oil (WTI) p

ICE Cotton #2 q

CBOT Wheat q

COMEX Gold p

COMEX Silver p

COMEX Copper p

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

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

0.00

0.00 0

0

Payment DateXD Date

00-Jan-00

1/0/1900

USd/bu.

74.82

Price

108.67

86.23

USD/bbl.

DPS (LKR)

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

128.83

0.00

0.80%

5,938.3

Singapore

Switzerland

Thailand

UK

0.66

179.4

0

2,625.4

138.25

1/0/1900

1/0/1900

4.21

34.35

105.54

0

Change %

207.63

China

EU

00-Jan-00

1/0/1900

1/0/1900

05:41

05:40

0.23%

05:41

Company

Malaysia

4.20

USA

135.66

20.66

2.38

1.56

42.16

India

Currency

167.62

Indicative Rate

12.12.2012

01:28

14.5

1/0/1900

Change

0.05%

56.1

03:01

0.59%

05:41

05:40

05:41

11-Dec

11-Dec

05:29

05:29

Time*

05:41

0.44

0.52%

Change %

-0.30%

0.57%

0.61%

0.51%

0

0.33%

9.3

Change

-0.11%-0.08

0

370.55

USD/t oz.

USD/t oz. 0.19

819.00

1.90

33.21

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

9,581.5

Value

13,248.4

1,427.8

USD/bbl.

USd/lb.

USd/lb.

AMERICA

-2.50

METALS

ENERGY

Commodity

22,503.4

Units

0

1.2

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

0.60%

0.65%

78.6

Russia

Saudi Arabia

Japan

1,715.30 5.70

Australia


Softlogic Equity Research Page | 5 5

CSE Announcements Asian Alliance Insurance [AAIC : LKR85.0]: The company informs that it has rolled over an aggregate sum of LKR177mn in Softlogic Finance, a related company on the 21st of August 2012. The investment has been made in the ordinary course of business in investment grade rated commercial paper.

Disclosures on Related Party Dealings:

Local News

Sri Lanka Treasuries yields down after rate cut: Sri Lanka's Treasuries yields tumbled across maturities at Wednesday's auction with the 12-month yield falling as much as 41 basis points, data from the state debt office showed. Sri Lanka's Central Bank cut its main policy rate by 25 basis points to 9.50%, as inflation spiked to the highest in four years, but Treasuries fell faster. The 3-month yield fell 35 basis points from two week ago with last week's bids rejected. The 6-month yield fell 32 basis points to 11.78%. The debt office said it sold a billion rupees of 3-month bills, LKR3.9 bn of 6-month bills and LKR8.5 bn of 12 month bills.

[Source: www.lbo.lk]

Sri Lanka cuts interest rates to boost credit: Sri Lanka has cut its main policy rate at which money injected to

banks by 25 basis points to 9.50% to boost loans and a credit ceiling expire by the end of this month, the Central Bank said. Authorities imposed a credit ceiling of 18% for banks for 2012 after Sri Lanka's monetary system ran into a balance of payments crisis largely due to excessive bank credit taken by state entities to manipulate energy prices. "The growth of credit obtained by the private sector from commercial banks continued to decelerate, reaching 23.5% (y-o-y), by October, from a high of over 35% to March 2012," the Central Bank said. “This growth is expected to decelerate further to around 19% by end 2012."Bank credit shot up from the second half of 2011 as the Central Bank injected tens of billions of rupees into banking system to sterilize foreign exchange sales driving imports to unsustainable levels. But after interest rates and energy prices were raised and the exchange rate was allowed to fall in response to rupee injections from February 2012 credit started to fall off. Official data shows that total bank credit to the private sector including dollar denominated loans fell from LKR155 bn in the March 2012 quarter to LKR73 bn in the June quarter and LKR69 bn in the September quarter. “The Central Bank has been carefully monitoring the developments in the various sectors of the economy vis-à-vis the projections for each of these sectors," the monetary authority said in its December policy statement. "As per current information, a reasonable leeway has emerged between actual credit growth and the ceiling imposed by the Central Bank, indicating a further slowdown in credit utilisation. Economic activity has also experienced some moderation with adverse weather conditions and the uncertainty in the global economy exerting some pressure on growth in 2012." Credit to the credit however still remained strong as taxes from imports fell amid excessive spending. Data showed state entities such as the road development agencies has become a big bank borrower outside the main budget deficit over the past year. The Central Bank said inflation rose to 9.5% in November 2012 from 8.9% in October. “However, as per current projections, inflation is expected to moderate towards the second quarter of 2013 and stabilise thereafter benefiting from the strong demand management policies introduced at the beginning of this year," the Central Bank said.


Sri Lanka will not sell sovereign bond this year-CB Governor: Sri Lanka has decided not to sell a sovereign bond in 2013, Central Bank Governor Nivard Cabraal said, urging commercial banks to tap capital market more. "Government will not be taking direct loans from abroad," Cabraal told bank directors at a forum in

Company Name Relationship Transaction Quantity Price (LKR) Date

People's Leasing & Finance [PLC : LKR13.0] People's Bank Parent Company Purchase 320,170 13.2-13.3 11.12.2012


Colombo. "Commercial borrowing from the market will not happen this year.” A unit within the Central Bank manages and raise debt for the government. Cabraal said it will be a useful window to the market for commercial banks to tap international capital. Sri Lanka's state-run Bank of Ceylon has raised loans in the international market and re-lent to the government in the past. Authorities have also allowed bank to borrow up to USD50 mn a year without approval from the Central Bank from next year. Other companies could borrow up to USD10 mn. Cabraal said foreign borrowing for fixed terms were more stable than even portfolio flows. With foreign loans banks could finance larger projects such as infrastructure, he said.


2013 Monetary Policy is towards easing-CB Chief: Sri Lanka’s 2013 monetary policies will be weighted more

towards loosening after the success of tightening in turning around a trade deficit this year, Central Bank Governor Ajith Nivard Cabraal said on Tuesday. Since February, Sri Lanka has raised key policy rates twice, allowed rupee exchange rate flexibility, and imposed a credit ceiling after a record trade deficit that resulted in a negative balance of payments gap last year. “Certainly it (monetary policy) would be more weighted towards loosening than tightening,” Cabraal told Reuters in an interview. The Central Bank Head said the policy measures have already helped to turn around the trade deficit, which has narrowed 1% in the first 10 months of this year, and slowed the year-on-year current account gap. The policy measures, however, have hit the economic growth which has been revised down to 6.8% from the original 8% and fueled inflationary pressure due to a more than 14% depreciation in the rupee after it was floated in February. Key monetary policy rates are already at three year highs, while the Government’s 364-day T-bill yield has risen 355 basis points so far this year.“It’s not necessarily we should do that,” Cabraal said when asked if the Central Bank is considering cutting policy rates any time soon. Certainly, next year may not be as tight as this year. We will keep a close tab on inflation. “Annual inflation hit a 42-month high in July due to the sharp rupee depreciation and supply shortages after an extended drought hit the farm sector. In November, it reversed an easing trend to hit a three-month high of 9.5% year-on-year from 8.9% a month earlier. Inflation in 2013 should be reasonably benign, because the base also has risen this year,” Cabraal said. “So inflation should be at a reasonable level next year. We are looking at mid-single digits. “The rupee has appreciated 3.7% since it hit a record low of 133.60 on 28 June this year. Both the Central Bank and the Finance Ministry have said it should rise to 125 against the US dollar based on economic fundamentals. “Exchange rate seems to be tightening to a reasonable degree,” Cabraal said. “I think it is heading the way we had predicted.”

[Source: www.ft.lk]

New Chapter in SL-Belgium trade ties: Belgium’s Wallooniya Investment and Trade Agency has agreed to

export Sri Lankan products to European countries by the beginning of next year and expand air travel between Sri Lanka and Belgium towards the end of 2013. This decision followed a meeting between Economic Development Minister Basil Rajapaksa and top level representatives of the Wallooniya Investment and Trade Agency at the Sri Jayawardenapura Parliament complex. Finding markets for Sri Lanka’s ornamental fish, natural flowers and fish products through the expansion of air links between the two countries was discussed at length at this meeting. Minister Rajapaksa’s attention was also drawn to the drinking water projects already underway with Belgium’s assistance. They are now in progress at Balangoda, Embilipitiya and Padaviya. The Minister stressed the need for extending these projects to the North Central Province to prevent kidney diseases which have become a serious health hazard due to the lack of clean water. Wallooniya Investment and Trade Agency’s Executive Director Philip Suineu and Managing Director Isabela Pollet were among those who participated in the event.

[Source: www.ft.lk]

Sri Lanka firms to benefit from widening diversity: Sri Lankan firms can benefit from being more inclusive, and while comprehensive diversity policies were still rare, many were making a start by promoting equal opportunity and combating sexual harassment, top executives said. Kasturi Chellaraja Wilson, Managing Director, Transportation Sector, Hemas Holdings [HHL: LKR27.0] said recalled an instance where a new person who joined a team always came up with a contrary position to the annoyance of other members. She was addressing senior corporate leaders at the LBR LBO CEO forum on the topic of "Business Case for Workplace Diversity & Inclusion." Later she said, they wondered whether the apparent contrariness of the person was due to unwillingness of other members of the group to listen to different ideas. Now the person is considered valuable contributor of a different ideas, she said. Sunil Dissanayake, head of human resources Hayleys a group said non-discriminatory HR practices helped keep employees happy. Dissanayake, who had


also worked abroad at international firms like Citibank said when he worked in Dubai, the firm he worked for had no cage of age, marital status, gender, and there was no difference in pay whether expatriates were Asian or Western. "But there were higher remuneration for UAE nationals because they were difficult to recruit and retain," he said. Dilani Alagaratnam President, group head of HR and Legal at John Keells Holdings [JKH : LKR214.4] said especially in Sri Lanka it was difficult to recruit women to the leisure sector due to belief such as that that females who work in hotels would be less marriageable. The group had taken special measure to make sure female workers felt safe, she said. Surani Amarasinghe Director, human resources, Ceylon Tobacco Company [CTC: LKR760.0] said it was good to measure how diversity policies were working. Measuring employee turnover, promotions or pay by gender or minority group could give useful insights, she said. She said it was important to post employment advertisements in places which reached different demographic groups and people with different backgrounds. Amarasinghe questioned how many firms that advertised in an English newspaper also advertised in a Sinhala newspaper at the same time. She said employers would be surprised at how many strong candidates would respond when employment ads were placed more widely. The firm also had to have a process to include them after recruitment she said. She said firms should be careful not to let targets to achieve diversity to exclude qualified candidates from a majority group. Merit should drive recruitment, she said. Dissanayake said many Sri Lankan firms did not have full blown documented diversity policies and the process was still in its infancy.


CB net buyer of dollars for second time: The Central Bank became a net buyer of dollars for the second month this year when it purchased USD36.70 mn from the foreign exchange market in October, data released last week showed. The bank had sold USD6.40 mn during the month, resulting in a net purchase of USD30.30 mn. Last June, the Central Bank became a net purchaser of dollars for the first time in a year after absorbing USD286.62 from the market, but was soon back as a net seller in July (USD29.78 mn). The Central Bank sold down reserves to the tune of USD300 mn in September 2012 while absorbing USD23 mn from the foreign exchange market to be a net seller amounting to USD273 mn. During the period January to August, the Central Bank had sold down USD982 mn from reserves, much lower than the near USD3 bn it sold down from June 2011 to February 2012 to maintain the US dollar currency peg. Last February the Central Bank said it would limit its intervention in the foreign exchange market and that oil bills would be settled off market. Gross official reserves fell by 7.7% month-on-month to USD6,547 mn as at end October 2012, down USD506 mn from USD7,053 mn as at end September 2012, Central Bank data showed. Last year, the Central Bank sold down reserves to keep the exchange rate stable while interest rates were kept low which fuelled credit driven import growth and a balance of payments problem which resulted in monetary and fiscal policy u-turn last February.

[Source: www.island.lk]

Global News

Toyota to recall 2.8 mn vehicles worldwide: Toyota Motor Corp said it will recall around 2.77 mn vehicles worldwide, including certain models of the Prius, due to problems with the steering mechanism and the hybrid system water pump, its second multi-million car recall in two months. Toyota is recalling 1.5 mn vehicles in Japan, 670,000 vehicles in the United States and 496,000 vehicles in Europe over a problem in the steering intermediate extension shafts, which could be damaged at slow speed, spokesman Joichi Tachikawa said. This problem, seen in cars such as the second-generation Prius and certain Corolla models can be fixed in about 50 minutes, he said. Separately, the Japanese carmaker is also recalling 630,000 vehicles worldwide, including 350,000 in the United States and 175,000 in Japan, to fix water pumps in hybrid vehicles, Tachikawa said. Some vehicles are target of both recalls, making the total number of vehicles to be recalled at 2.77 million, he said. In October, Toyota said it was pulling back more than 7.4 mn vehicles worldwide to fix faulty power window switches, the industry’s biggest single recall since Ford Motor Co took 8 mn vehicles off the road in 1996. A series of Toyota recalls involving more than 10 mn vehicles between 2009 and 2011 damaged the firm’s image, but it recovered and earlier this month raised its full-year net profit forecast to USD9.7 bn, citing solid sales. Toyota has sold about 3.3 mn Prius hybrid vehicles globally since the car went on sale in December 1997. The total number of hybrid vehicles it sold worldwide, including other models such as the Camry, was 4.6 mn as of end-October. This year’s profit forecast comes despite a big drop in car sales in China since September, when anti-Japanese protests erupted over a diplomatic row.

[Source: www.reuters.com]

http://www.reuters.com/


Hong Kong at Risk of Property Price Correction, IMF says: Hong Kong is at risk of an abrupt decline in property prices after gains fueled by low interest rates and a limited supply of new housing, the International Monetary Fund said. “The property sector is the main source of domestic economic risk,” the IMF said in a report on the city released today. The odds of a slump that has major economic and financial consequences is fairly low in the near term, the fund said. The city should mantain its currency peg, it said. Home prices in Hong Kong, the world’s most expensive place to buy an apartment and to lease commercial space, have doubled in the past four years, leading the government to tighten mortgage lending and increase land supply. The property sector represents half of outstanding loans for use in Hong Kong, with additional risks from the use of real estate as collateral, the report said. The city’s economic growth may rebound to about 3% in 2013, up from an estimated 1.25% this year, the IMF said. Inflation may average 3.75% this year and 3.5% next year. Housing prices have increased 20% this year, “defying the general slowdown in economic activity,” the report said. Concerns about the affordability and supply of housing will take time to address, Steven Barnett, the fund’s Hong Kong mission chief, said in a Bloomberg Television interview from Washington. While measures such as stamp duties may have a short-term effect, in the long run, it’s really about increasing supply, he said.

[Source: www.bloomberg.com]

Japanese Stocks Rise on US Fed Monitory Easing Optimism: Japanese stocks rose, with the Nikkei 225 Stock Average heading for its highest close in almost eight months, on optimism the US Federal Reserve will add stimulus. Shares held gains after North Korea launched a long- range rocket in defiance of international sanctions. Honda Motor Co. led an advance among carmakers. Kawasaki Heavy Industries Ltd., which gets 20% of its sales from aerospace and defense, advanced 4.2%. Mitsubishi Motors Corp. jumped 8.9% after the Nikkei newspaper reported a withdrawal from European production will boost the carmaker’s profits. Canon Inc. rose 2.3% after the Nikkei said the camera maker aims to cut costs by as much as 80bn yen (USD970mn) next year. The Nikkei 225 (NKY) gained 0.6% to 9,582.20 as of 12:37 p.m. in Tokyo, poised to close at its highest level since April 19. The broader Topix Index climbed 0.6% to 790.96, with about three stocks rising for every two that fell. Shares rose as data showed Japan’s machinery orders rose for the first time in three months. The Fed ends a meeting today at which it may announce more bond purchases, known as quantitative easing. “The US economy is recovering, and the consensus is that the Fed will make a move to add more strength to it,” said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo, which oversees about 15tn yen. “The rocket launch surprised me a bit because news reports said they were putting it off for now. It’s not a good thing at all, but it hasn’t appeared to scare the market much.” The Topix has risen more than 9% since Nov. 14 when the government called for elections on Dec. 16. Stocks gained as the yen weakened on bets the opposition Liberal Democratic Party will win and call for more monetary easing.

[Source: www.bloomberg.com]

China’s Economy to surpass US by 2030: The National Intelligence Council the same thinkers who produce National Intelligence Estimates has released an 140-page report that offers a series of prognostications about how the world might change in coming decades. But one of the biggest economics themes of the report is the rise of a much stronger Asia. China alone is mentioned some 300 times. One of the attention-grabbing assertions: China's economy will surpass that of the US by 2030. "In a tectonic shift, by 2030, Asia will have surpassed North America and Europe combined in terms of global power, based upon GDP, population size, military spending, and technological investment. China alone will probably have the largest economy, surpassing that of the United States a few years before 2030. Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines." The report also argues that by 2030, another highly populated country will be on the rise imbued with all the potential China carries today. "As the world's largest economic power, China is expected to remain ahead of India, but the gap could begin to close by 2030. India's rate of economic growth is likely to rise while China's slows. In 2030 India could be the rising economic powerhouse that China is seen to be today. China's current economic growth rate—8 to 10% will probably be a distant memory by 2030. The total size of the Chinese working-age population will peak in 2016 and decline from 994 mn to about 961 mn in 2030. In contrast, India's working-age population is unlikely to peak until about 2050. Also of significance, India will most likely continue to consolidate its power advantage relative to Pakistan. India's economy is already nearly eight times as large as Pakistan's; by 2030 that ratio could easily be more than 16-to-1."

[Source: www.cnnmoney.com]

http://topics.bloomberg.com/washington/

http://www.cnnmoney.com/


Daily Stock Movements

Ticker Counter Open High Low Close Trades Volume Turnover

AAF -N-0000 ASIA ASSET 2.40 2.60 2.40 2.50 86 463,796 1,152,734 AAIC-N-0000 ASIAN ALLIANCE 84.00 87.00 84.00 85.00 19 13,650 1,160,350 ABAN-N-0000 ABANS 92.30 92.30 92.00 92.10 5 141 12,984 ACAP-N-0000 ASIA CAPITAL 30.00 30.00 30.00 30.00 4 1,060 31,800 ACL -N-0000 ACL 66.00 68.00 66.00 67.00 6 5,057 336,942 ACME-N-0000 ACME 13.40 14.90 13.30 14.10 91 51,799 733,695 AEL -N-0000 ACCESS ENG SL 17.50 17.70 17.00 17.50 92 456,301 7,922,847 AFSL-N-0000 ABANS FINANCIAL 0.00 0.00 0.00 38.40 0 0 0 AGAL-N-0000 AGALAWATTE 33.30 33.30 31.10 31.10 4 77 2,399 AGST-N-0000 AGSTARFERTILIZER 5.70 5.90 5.70 5.70 2 11 63 AGST-X-0000 AGSTARFERTILIZER[NON VOTING] 0.00 0.00 0.00 15.00 0 0 0 AHPL-N-0000 AHOT PROPERTIES 78.00 79.00 78.00 78.00 11 8,100 631,900 AHUN-N-0000 A.SPEN.HOT.HOLD. 73.20 73.40 73.00 73.10 10 12,305 902,063 ALLI-N-0000 ALLIANCE 0.00 0.00 0.00 711.00 0 0 0 ALUF-N-0000 ALUFAB 22.30 22.90 21.10 22.60 23 6,291 140,765 AMCL-N-0000 CAPITAL LEASING 0.00 0.00 0.00 22.40 0 0 0 AMF -N-0000 AMF CO LTD 341.00 341.00 341.00 341.00 1 4 1,364 AMSL-N-0000 ASIRI SURG 9.00 9.20 9.00 9.20 28 63,301 580,458 APLA-N-0000 ACL PLASTICS 0.00 0.00 0.00 90.00 0 0 0 ARPI-N-0000 ARPICO 74.60 88.00 74.60 85.80 8 1,011 84,480 ASCO-N-0000 ASCOT HOLDINGS 167.00 186.90 167.00 171.80 28 165 28,352 ASHA-N-0000 ASIRI CENTRAL 0.00 0.00 0.00 254.00 0 0 0 ASHO-N-0000 LANKA ASHOK 0.00 0.00 0.00 1712.10 0 0 0 ASIR-N-0000 ASIRI 11.10 11.30 11.10 11.30 13 58,102 656,247 ASIY-N-0000 ASIA SIYAKA 5.00 5.10 5.00 5.00 35 126,989 639,595 ASPH-N-0000 INDUSTRIAL ASPH. 216.10 238.80 212.00 222.50 68 9,225 2,011,230 ATL -N-0000 AMANA TAKAFUL 1.50 1.70 1.50 1.70 142 1,793,112 2,881,652 AUTO-N-0000 AUTODROME 773.00 773.00 773.00 773.00 2 55 42,515 BALA-N-0000 BALANGODA 36.20 38.00 35.50 36.40 36 10,211 372,059 BBH -N-0000 BROWNS BEACH 18.00 19.50 18.00 18.80 52 50,659 951,037 BERU-N-0000 BERUWALA RESORTS 2.40 2.60 2.40 2.50 67 179,157 443,936 BFL -N-0000 BAIRAHA FARMS 146.00 160.00 146.00 156.00 45 9,050 1,402,184 BHR -N-0000 RIVERINA HOTELS 0.00 0.00 0.00 96.70 0 0 0 BIL -N-0000 BROWNS INVSTMNTS 3.60 3.80 3.60 3.80 62 546,557 2,036,624 BINN-N-0000 BERUWELA WALKINN 65.00 79.00 65.00 74.60 9 726 51,824 BLI -N-0000 BIMPUTH FINANCE 22.60 23.00 22.60 22.70 10 4,384 99,199 BLUE-N-0000 BLUE DIAMONDS 3.80 4.10 3.80 4.00 61 360,097 1,419,517 BLUE-X-0000 BLUE DIAMONDS[NON VOTING] 1.70 1.80 1.60 1.70 113 1,397,203 2,376,125 BOGA-N-0000 BOGALA GRAPHITE 21.20 21.20 21.10 21.20 6 1,988 42,136 BOPL-N-0000 BOGAWANTALAWA 11.80 11.80 11.00 11.50 12 1,840 21,211 BREW-N-0000 CEYLON BEVERAGE 0.00 0.00 0.00 420.00 0 0 0 BRWN-N-0000 BROWNS 120.00 123.50 120.00 122.90 72 44,728 5,391,169 BUKI-N-0000 BUKIT DARAH 669.00 670.00 669.00 669.90 2 100 66,990 CABO-N-0000 CARGO BOAT 0.00 0.00 0.00 81.60 0 0 0 CALF-N-0000 CAL FINANCE 17.80 21.00 17.80 19.30 55 64,214 1,249,656 CARE-N-0000 PRINTCARE PLC 0.00 0.00 0.00 29.10 0 0 0 CARG-N-0000 CARGILLS 0.00 0.00 0.00 144.00 0 0 0 CARS-N-0000 CARSONS 445.00 445.00 445.00 445.00 2 105 46,725 CCS -N-0000 COLD STORES 115.50 119.00 115.00 118.20 20 1,484 173,835 CDB -N-0000 CDB 40.00 40.50 39.00 40.10 8 3,600 143,510 CDB -X-0000 CDB[NON VOTING] 31.80 31.80 31.70 31.80 8 52 1,651 CDIC-N-0000 N D B CAPITAL 498.00 500.00 498.00 499.20 14 602 300,546 CERA-N-0000 LANKA CERAMIC 0.00 0.00 0.00 63.40 0 0 0 CFI -N-0000 CFI 0.00 0.00 0.00 117.60 0 0 0 CFIN-N-0000 CENTRAL FINANCE 160.10 160.50 160.10 160.20 7 4,149 664,305 CFL -N-0000 CHILAW FINANCE 13.70 14.10 13.70 14.10 9 15,700 217,370 CFLB-N-0000 FORT LAND 32.00 34.20 31.10 33.80 97 160,778 5,251,435 CFT -N-0000 CFT 5.20 6.30 5.20 6.20 49 283,310 1,730,263 CFVF-N-0000 FIRST CAPITAL 11.30 12.90 11.30 12.90 39 32,511 396,558 CHL -N-0000 DURDANS 0.00 0.00 0.00 91.00 0 0 0 CHL -X-0000 DURDANS[NON VOTING] 0.00 0.00 0.00 70.00 0 0 0 CHMX-N-0000 CHEMANEX 80.90 80.90 80.90 80.90 1 100 8,090 CHOT-N-0000 HOTELS CORP. 19.90 21.00 19.90 20.90 20 1,568 32,601 CHOU-N-0000 CITY HOUSING 16.40 16.50 15.90 16.00 33 44,756 722,006 CIC -N-0000 CIC 65.00 67.00 65.00 66.00 15 3,826 251,160 CIC -X-0000 CIC[NON VOTING] 57.00 57.00 55.50 56.90 28 201 11,432 CIFL-N-0000 CIFL 3.80 4.30 3.80 4.20 290 862,611 3,509,438 CIND-N-0000 CENTRAL IND. 68.80 69.60 68.80 69.50 5 10,100 701,952 CINS-N-0000 CEYLINCO INS. 781.00 781.00 781.00 781.00 3 702 548,262 CINS-X-0000 CEYLINCO INS.[NON VOTING] 320.00 320.00 320.00 320.00 3 54 17,280



CINV-N-0000 CEYLON INV. 75.00 84.10 75.00 80.40 22 17,040 1,365,214 CIT -N-0000 CIT 0.00 0.00 0.00 129.00 0 0 0 CITK-N-0000 CITRUS KALPITIYA 6.10 6.50 6.10 6.30 142 590,949 3,733,710 CITW-N-0000 CITRUS WASKADUWA 6.10 6.30 6.00 6.20 34 77,950 482,199 CLC -N-0000 COMM LEASE & FIN 3.60 3.80 3.60 3.80 17 52,910 196,107 CLND-N-0000 COLOMBO LAND 33.00 35.30 33.00 34.70 79 64,353 2,222,091 CLPL-N-0000 CEYLON LEATHER 79.00 82.40 79.00 80.40 19 8,619 693,142 CLPL-W-0012 CEYLON LEATHER[WARRANTS] 0.00 0.00 0.00 1.80 0 0 0 CLPL-W-0013 CEYLON LEATHER[WARRANTS] 6.10 6.10 6.10 6.10 10 8,300 50,630 CLPL-W-0014 CEYLON LEATHER[WARRANTS] 5.90 5.90 5.80 5.80 7 16,395 96,231 COCO-N-0000 RENUKA SHAW 34.90 36.20 34.20 35.10 30 27,661 968,413 COCO-X-0000 RENUKA SHAW[NON VOTING] 28.00 28.50 28.00 28.50 9 7,000 198,500 COCR-N-0000 COM.CREDIT 15.20 15.40 15.10 15.20 22 13,010 198,332 COLO-N-0000 COLONIAL MTR 160.00 173.00 158.00 161.10 12 406 65,413 COMB-N-0000 COMMERCIAL BANK 102.00 102.00 100.00 101.60 70 218,799 21,996,347 COMB-P-0005 COMMERCIAL BANK 0.00 0.00 0.00 9.00 0 0 0 COMB-X-0000 COMMERCIAL BANK[NON VOTING] 89.90 91.30 89.90 90.50 25 22,537 2,028,166 COMD-N-0000 COMMERCIAL DEV. 65.00 65.00 65.00 65.00 1 20 1,300 CONN-N-0000 AMAYA LEISURE 79.00 79.00 79.00 79.00 1 100 7,900 CPRT-N-0000 CEYLON PRINTERS 0.00 0.00 0.00 1950.00 0 0 0 CRL -N-0000 SOFTLOGIC FIN 25.00 25.80 24.80 25.40 27 49,335 1,245,130 CSD -N-0000 SEYLAN DEVTS 8.10 8.70 8.10 8.60 66 223,592 1,878,120 CSEC-N-0000 DUNAMIS CAPITAL 12.50 12.80 12.50 12.50 5 1,800 22,840 CSF -N-0000 NATION LANKA 8.70 9.40 8.60 9.20 253 1,146,523 10,276,698 CSF -W-0021 NATION LANKA[WARRANTS] 1.90 2.10 1.90 2.00 42 297,330 591,228 CTBL-N-0000 CEYLON TEA BRKRS 5.60 5.80 5.60 5.70 21 42,220 240,574 CTC -N-0000 CEYLON TOBACCO 750.10 760.00 750.00 760.00 54 13,392 10,107,034 CTCE-N-0000 AVIVA N D B 320.00 347.40 315.00 320.00 23 2,693 858,291 CTEA-N-0000 TEA SERVICES 650.00 650.00 650.00 650.00 5 193 125,450 CTHR-N-0000 C T HOLDINGS 122.90 125.00 122.90 125.00 7 20,389 2,547,199 CTLD-N-0000 C T LAND 24.70 26.00 24.10 25.80 28 8,382 210,434 CWM -N-0000 C.W.MACKIE 72.00 78.00 72.00 75.20 33 35,472 2,579,822 DFCC-N-0000 DFCC BANK 109.00 110.00 109.00 110.00 16 4,467 490,206 DIAL-N-0000 DIALOG 8.20 8.50 8.10 8.40 31 57,711 476,934 DIMO-N-0000 DIMO 585.00 610.00 585.00 601.60 21 1,174 701,889 DIPD-N-0000 DIPPED PRODUCTS 0.00 0.00 0.00 103.00 0 0 0 DIST-N-0000 DISTILLERIES 152.00 154.10 152.00 154.10 13 52,609 8,032,586 DOCK-N-0000 DOCKYARD 210.00 215.00 210.00 213.70 13 2,412 514,607 DPL -N-0000 DANKOTUWA PORCEL 14.20 15.50 14.10 15.30 45 22,605 336,791 EAST-N-0000 EAST WEST 13.60 14.80 13.10 14.20 67 66,821 936,197 EBCR-N-0000 E B CREASY 0.00 0.00 0.00 1100.00 0 0 0 ECL -N-0000 E - CHANNELLING 5.40 5.70 5.40 5.60 45 142,221 793,913 EDEN-N-0000 EDEN HOTEL LANKA 34.50 34.60 34.20 34.50 15 10,002 344,846 ELPL-N-0000 ELPITIYA 17.00 17.70 16.60 16.70 14 6,313 105,353 EMER-N-0000 EASTERN MERCHANT 10.00 11.50 10.00 11.00 38 19,681 209,230 EQIT-N-0000 EQUITY 34.00 34.00 34.00 34.00 2 2 68 ESL -N-0000 ENTRUST SEC 17.00 18.50 17.00 18.30 14 11,449 202,532 ETWO-N-0000 EQUITY TWO PLC 27.00 27.00 26.90 27.00 3 701 18,917 EXPO-N-0000 EXPOLANKA 7.00 7.30 6.90 7.10 82 350,265 2,461,583 FLCH-N-0000 FREE LANKA 2.40 2.60 2.40 2.50 163 1,470,137 3,606,821 GEST-N-0000 GESTETNER 0.00 0.00 0.00 160.00 0 0 0 GHLL-N-0000 GALADARI 13.50 14.00 13.30 13.90 55 51,845 704,280 GLAS-N-0000 PIRAMAL GLASS 5.90 6.00 5.90 5.90 14 24,904 146,934 GOOD-N-0000 GOOD HOPE 1291.00 1294.00 1291.00 1292.90 3 4 5,172 GRAN-N-0000 GRAIN ELEVATORS 54.50 56.80 54.00 55.60 99 65,635 3,627,715 GREG-N-0000 ENVI. RESOURCES 14.60 15.20 14.60 15.00 45 31,723 472,896 GREG-P-0002 ENVI. RESOURCES 0.00 0.00 0.00 0.00 0 0 0 GREG-W-0002 ENVI. RESOURCES[WARRANTS] 0.00 0.00 0.00 2.90 0 0 0 GREG-W-0003 ENVI. RESOURCES[WARRANTS] 3.50 3.90 3.50 3.80 57 142,296 520,464 GREG-W-0006 ENVI. RESOURCES[WARRANTS] 4.00 4.30 4.00 4.20 78 97,255 399,517 GSF -N-0000 G S FINANCE 600.00 600.00 600.00 600.00 2 2 1,200 GUAR-N-0000 CEYLON GUARDIAN 178.00 178.00 178.00 178.00 4 14,001 2,492,178 HAPU-N-0000 HAPUGASTENNE 41.10 41.40 41.10 41.10 6 260 10,696 HARI-N-0000 HARISCHANDRA 0.00 0.00 0.00 2010.10 0 0 0 HASU-N-0000 HNB ASSURANCE 49.00 49.00 49.00 49.00 2 600 29,400 HAYC-N-0000 HAYCARB 170.00 172.00 170.00 170.00 8 3,199 544,030 HAYL-N-0000 HAYLEYS 0.00 0.00 0.00 285.00 0 0 0 HDEV-N-0000 HOTEL DEVELOPERS 0.00 0.00 0.00 94.80 0 0 0 HDFC-N-0000 HDFC 48.00 48.80 47.90 48.80 20 4,805 231,429 HEXP-N-0000 HAYLEYS FIBRE 26.00 26.00 26.00 26.00 3 400 10,400 HHL -N-0000 HEMAS HOLDINGS 26.30 27.20 26.30 27.00 21 22,112 593,415 HNB -N-0000 HNB 141.00 143.00 140.00 140.70 60 629,057 88,092,110 HNB -X-0000 HNB[NON VOTING] 109.50 110.40 109.00 110.10 45 41,744 4,592,807 HOPL-N-0000 HORANA 22.20 24.80 22.00 24.30 20 49,009 1,173,347



HPFL-N-0000 HYDRO POWER 6.90 7.10 6.80 7.10 9 5,969 41,796 HPWR-N-0000 HEMAS POWER 21.00 21.00 20.20 21.00 15 20,510 430,290 HSIG-N-0000 HOTEL SIGIRIYA 79.80 79.80 79.80 79.80 1 1 80 HUEJ-N-0000 HUEJAY 78.70 88.00 78.70 83.40 2 2 167 HUNA-N-0000 HUNAS FALLS 63.80 63.80 63.80 63.80 1 100 6,380 HUNT-N-0000 HUNTERS 315.00 338.00 315.00 318.10 20 550 177,440 HVA -N-0000 HVA FOODS 11.30 12.50 11.30 12.30 254 418,783 5,040,735 IDL -N-0000 INFRASTRUCTURE 0.00 0.00 0.00 135.00 0 0 0 INDO-N-0000 INDO MALAY 1500.00 1500.00 1500.00 1500.00 1 1 1,500 JFIN-N-0000 FINLAYS COLOMBO 0.00 0.00 0.00 225.00 0 0 0 JINS-N-0000 JANASHAKTHI INS. 10.50 10.70 10.30 10.60 16 21,249 221,840 JKH -N-0000 JKH 212.00 215.00 211.80 214.40 71 209,319 44,584,522 JKL -N-0000 JOHN KEELLS 61.00 64.90 61.00 61.40 8 2,201 134,765 KAHA-N-0000 KAHAWATTE 33.50 33.50 30.00 32.70 6 251 8,209 KAPI-N-0000 MTD WALKERS 24.50 26.90 24.50 26.20 35 14,256 372,779 KCAB-N-0000 KELANI CABLES 0.00 0.00 0.00 69.00 0 0 0 KDL -N-0000 KELSEY 14.90 16.90 14.90 16.00 22 28,810 459,659 KFP -N-0000 KEELLS FOOD 0.00 0.00 0.00 71.00 0 0 0 KGAL-N-0000 KEGALLE 100.00 100.00 100.00 100.00 2 692 69,200 KHC -N-0000 KANDY HOTELS 9.10 9.80 9.10 9.50 26 30,178 286,858 KHC -P-0002 KANDY HOTELS 0.00 0.00 0.00 0.00 0 0 0 KHL -N-0000 KEELLS HOTELS 13.50 13.70 13.40 13.40 13 5,651 76,229 KOTA-N-0000 KOTAGALA 69.00 71.50 67.00 71.10 76 10,823 742,447 KURU-N-0000 KURUWITA TEXTILE 21.90 21.90 21.90 21.90 3 80 1,752 KVAL-N-0000 KELANI VALLEY 78.10 83.20 78.10 83.20 2 200 16,130 KZOO-N-0000 KALAMAZOO 2300.00 2300.00 2300.00 2300.00 1 1 2,300 LALU-N-0000 LANKA ALUMINIUM 31.10 34.00 31.10 33.50 10 7,958 266,182 LAMB-N-0000 KOTMALE HOLDINGS 37.20 37.20 36.00 36.00 10 2,221 81,041 LCEM-N-0000 LANKA CEMENT 8.90 9.40 8.80 9.30 24 4,171 37,911 LCEY-N-0000 LANKEM CEYLON 144.90 164.00 144.00 159.40 10 986 145,473 LDEV-N-0000 LANKEM DEV. 6.80 7.40 6.70 7.20 101 722,578 5,075,981 LFIN-N-0000 LB FINANCE 147.80 150.00 142.10 149.80 20 23,149 3,374,689 LGL -N-0000 LAUGFS GAS 23.60 25.50 23.60 24.80 38 25,683 630,076 LGL -X-0000 LAUGFS GAS[NON VOTING] 16.00 17.70 16.00 17.40 208 195,513 3,316,106 LHCL-N-0000 LANKA HOSPITALS 37.00 39.40 37.00 38.90 79 107,011 4,083,593 LHL -N-0000 LIGHTHOUSE HOTEL 42.00 44.00 42.00 44.00 6 3,300 138,800 LIOC-N-0000 LANKA IOC 20.80 21.40 20.30 21.00 78 184,179 3,853,900 LION-N-0000 LION BREWERY 0.00 0.00 0.00 273.00 0 0 0 LITE-N-0000 LAXAPANA 6.60 7.00 6.60 6.90 27 69,806 481,351 LLUB-N-0000 CHEVRON 198.00 198.00 195.00 197.90 14 45,082 8,839,140 LMF -N-0000 LMF 0.00 0.00 0.00 88.00 0 0 0 LOFC-N-0000 LANKAORIXFINANCE 3.50 3.70 3.50 3.70 52 156,620 563,589 LOLC-N-0000 LOLC 51.80 54.40 51.80 53.70 46 13,900 739,766 LPRT-N-0000 LAKE HOUSE PRIN. 99.00 99.00 99.00 99.00 1 98 9,702 LVEN-N-0000 LANKA VENTURES 30.80 30.80 30.80 30.80 1 100 3,080 LWL -N-0000 LANKA WALLTILE 59.00 61.50 58.20 61.00 8 4,937 302,250 MADU-N-0000 MADULSIMA 16.20 18.60 15.00 17.30 22 16,643 280,570 MAL -N-0000 MALWATTE 4.70 4.80 4.60 4.70 28 74,296 348,508 MAL -X-0000 MALWATTE[NON VOTING] 4.30 4.30 4.30 4.30 6 5,200 22,360 MARA-N-0000 MARAWILA RESORTS 7.00 7.40 7.00 7.30 45 117,100 845,804 MASK-N-0000 MASKELIYA 11.70 12.00 11.60 11.90 28 31,041 365,082 MBSL-N-0000 MERCHANT BANK 20.00 20.70 20.00 20.40 28 21,973 441,740 MEL -N-0000 MACKWOODS ENERGY 12.20 13.40 12.00 12.10 29 200,746 2,413,520 MERC-N-0000 MERCANTILE INV 0.00 0.00 0.00 2200.00 0 0 0 MFL -N-0000 MULTI FINANCE 28.00 29.90 28.00 29.70 7 1,758 52,021 MGT -N-0000 HAYLEYS - MGT 10.00 11.00 10.00 10.90 34 76,673 779,732 MIRA-N-0000 MIRAMAR 98.00 98.00 98.00 98.00 1 1 98 MORI-N-0000 MORISONS 185.00 185.00 185.00 185.00 1 1 185 MORI-X-0000 MORISONS[NON VOTING] 107.00 107.00 107.00 107.00 2 100 10,700 MPRH-N-0000 MET. RES. HOL. 20.90 21.00 20.90 21.00 4 2,701 56,720 MRH -N-0000 MAHAWELI REACH 20.00 20.00 20.00 20.00 2 10,000 200,000 MSL -N-0000 MERC. SHIPPING 166.00 170.00 166.00 166.20 7 237 39,724 MULL-N-0000 MULLERS 1.70 1.80 1.60 1.80 42 346,503 592,716 NAMU-N-0000 NAMUNUKULA 73.90 74.00 73.90 74.00 7 585 43,286 NAVF-U-0000 NAMAL ACUITY VF 0.00 0.00 0.00 67.90 0 0 0 NDB -N-0000 NAT. DEV. BANK 132.00 133.00 131.60 132.00 62 102,512 13,551,631 NEH -N-0000 NUWARA ELIYA 0.00 0.00 0.00 1335.00 0 0 0 NEST-N-0000 NESTLE 1500.00 1506.00 1500.00 1500.60 37 33,038 49,563,823 NHL -N-0000 NAWALOKA 3.00 3.10 3.00 3.10 40 94,832 287,259 NIFL-N-0000 NANDA FINANCE 7.10 7.20 7.10 7.20 9 9,680 69,008 NTB -N-0000 NATIONS TRUST 53.50 55.00 53.50 54.90 44 49,071 2,687,523 ODEL-N-0000 ODEL PLC 19.60 20.80 19.50 20.50 16 4,680 95,130 OFEQ-N-0000 OFFICE EQUIPMENT 0.00 0.00 0.00 3400.00 0 0 0 OGL -N-0000 ORIENT GARMENTS 13.50 14.00 13.50 14.00 43 30,296 421,817



ONAL-N-0000 ON'ALLY 56.80 56.80 55.00 55.10 4 727 41,247 ORIN-N-0000 ORIENT FINANCE 0.00 0.00 0.00 15.40 0 0 0 OSEA-N-0000 OVERSEAS REALTY 14.00 14.20 13.90 14.20 16 27,495 385,095 PABC-N-0000 PAN ASIA 18.30 18.50 18.00 18.50 48 45,765 844,768 PALM-N-0000 PALM GARDEN HOTL 140.00 140.00 140.00 140.00 6 240 33,600 PAP -N-0000 PANASIAN POWER 2.50 2.60 2.40 2.50 88 552,489 1,386,223 PARA-N-0000 PARAGON 0.00 0.00 0.00 1195.50 0 0 0 PARQ-N-0000 SWISSTEK 12.80 14.30 12.20 13.70 58 62,015 827,057 PCH -N-0000 PC HOUSE 5.10 5.50 5.00 5.40 156 1,004,188 5,178,558 PCHH-N-0000 PCH HOLDINGS 7.10 7.80 7.00 7.30 13 33,748 246,510 PCP -N-0000 PC PHARMA 9.30 10.30 9.30 10.20 9 5,100 52,040 PDL -N-0000 PDL 42.00 45.00 42.00 45.00 5 886 37,371 PEG -N-0000 PEGASUS HOTELS 36.50 39.00 36.50 37.90 11 7,151 269,516 PHAR-N-0000 COL PHARMACY 460.00 480.00 460.00 474.60 18 525 245,375 PLC -N-0000 PEOPLES LEASING 12.90 13.10 12.30 13.00 271 1,309,387 16,730,837 PMB -N-0000 PEOPLE'S MERCH 14.90 15.00 14.90 14.90 5 3,743 55,825 RAL -N-0000 RENUKA AGRI 4.50 4.60 4.40 4.60 58 378,415 1,686,638 RCL -N-0000 ROYAL CERAMIC 92.50 94.40 91.00 93.90 22 23,986 2,220,456 REEF-N-0000 CITRUS LEISURE 24.50 25.40 24.10 25.10 77 71,543 1,786,491 REEF-W-0017 CITRUS LEISURE[WARRANTS] 0.00 0.00 0.00 32.90 0 0 0 REEF-W-0018 CITRUS LEISURE[WARRANTS] 0.00 0.00 0.00 0.10 0 0 0 REEF-W-0019 CITRUS LEISURE[WARRANTS] 3.90 4.10 3.90 4.00 103 511,224 2,049,310 REG -N-0000 REGNIS 58.40 62.00 58.40 61.00 22 9,891 597,380 RENU-N-0000 RENUKA CITY HOT. 0.00 0.00 0.00 226.00 0 0 0 REXP-N-0000 RICH PIERIS EXP 33.30 33.30 32.20 32.20 9 2,678 86,311 RFL -N-0000 RAMBODA FALLS 15.50 17.80 15.50 16.70 5 200 3,330 RGEM-N-0000 RADIANT GEMS 57.00 59.40 57.00 59.40 3 129 7,423 RHL -N-0000 RENUKA HOLDINGS 37.50 37.50 37.30 37.40 7 1,400 52,360 RHL -X-0000 RENUKA HOLDINGS[NON VOTING] 25.00 26.00 25.00 26.00 4 10,101 255,076 RHTL-N-0000 FORTRESS RESORTS 15.00 16.20 15.00 16.20 20 7,751 121,604 RICH-N-0000 RICHARD PIERIS 7.50 7.80 7.50 7.60 32 48,751 369,270 RPBH-N-0000 ROYAL PALMS 42.10 43.00 42.10 43.00 5 325 13,863 RWSL-N-0000 RAIGAM SALTERNS 2.50 2.60 2.50 2.50 30 79,818 199,548 SAMP-N-0000 SAMPATH 189.00 192.00 189.00 191.00 30 14,517 2,764,661 SCAP-N-0000 SOFTLOGIC CAP 6.30 7.10 6.30 6.90 15 12,382 85,369 SDB -N-0000 SANASA DEV. BANK 76.00 76.10 76.00 76.00 35 3,352 254,752 SELI-N-0000 SELINSING 1198.00 1200.00 1198.00 1199.00 3 3 3,597 SEMB-N-0000 S M B LEASING 1.00 1.10 0.90 1.00 74 1,937,769 1,938,618 SEMB-W-0015 S M B LEASING[WARRANTS] 0.00 0.00 0.00 0.70 0 0 0 SEMB-W-0016 S M B LEASING[WARRANTS] 0.00 0.00 0.00 0.10 0 0 0 SEMB-X-0000 S M B LEASING[NON VOTING] 0.40 0.50 0.30 0.50 181 12,784,389 5,730,626 SERV-N-0000 HOTEL SERVICES 16.50 17.50 16.50 17.20 26 24,406 418,332 SEYB-N-0000 SEYLAN BANK 56.70 58.00 56.00 56.00 9 2,431 139,923 SEYB-X-0000 SEYLAN BANK[NON VOTING] 34.50 35.40 34.20 35.00 50 108,785 3,803,074 SFCL-N-0000 SENKADAGALA 0.00 0.00 0.00 50.00 0 0 0 SFIN-N-0000 SINGER FINANCE 13.40 13.90 13.40 13.70 48 23,091 313,051 SFL -N-0000 SINHAPUTHRA FIN 0.00 0.00 0.00 88.00 0 0 0 SFS -N-0000 SWARNAMAHAL FIN 2.90 3.20 2.90 3.10 137 714,650 2,175,943 SHAL-N-0000 SHALIMAR 999.00 1000.00 999.00 999.60 2 16 15,994 SHAW-N-0000 SHAW WALLACE 258.00 270.00 258.00 268.90 5 100 26,888 SHL -N-0000 SOFTLOGIC 10.20 10.30 10.10 10.20 16 9,177 93,435 SHOT-N-0000 SERENDIB HOTELS 24.90 24.90 24.80 24.90 4 516 12,837 SHOT-X-0000 SERENDIB HOTELS[NON VOTING] 17.80 17.80 16.00 17.70 4 320 5,660 SIGV-N-0000 SIGIRIYA VILLAGE 0.00 0.00 0.00 66.00 0 0 0 SIL -N-0000 SAMSON INTERNAT. 0.00 0.00 0.00 80.00 0 0 0 SING-N-0000 SINGALANKA 82.00 103.10 82.00 102.90 46 4,837 460,319 SINI-N-0000 SINGER IND. 138.50 138.50 138.50 138.50 1 1 139 SINS-N-0000 SINGER SRI LANKA 99.80 99.90 97.50 98.40 7 810 79,717 SIRA-N-0000 SIERRA CABL 2.30 2.40 2.20 2.30 24 67,452 157,740 SLND-N-0000 SERENDIB LAND 0.00 0.00 0.00 1391.70 0 0 0 SLTL-N-0000 SLT 42.30 44.90 41.70 43.30 54 71,069 3,054,812 SMLL-N-0000 PEOPLE'S FIN 34.50 34.80 34.50 34.60 12 3,696 127,762 SMLL-W-0020 PEOPLE'S FIN[WARRANTS] 0.00 0.00 0.00 3.70 0 0 0 SMOT-N-0000 SATHOSA MOTORS 0.00 0.00 0.00 184.00 0 0 0 SOY -N-0000 CONVENIENCE FOOD 135.00 137.00 132.00 134.80 11 588 78,173 SPEN-N-0000 AITKEN SPENCE 117.00 118.00 116.90 118.00 15 5,494 644,367 STAF-N-0000 DOLPHIN HOTELS 32.70 37.00 32.00 36.30 52 41,334 1,472,951 SUGA-N-0000 PELWATTE 0.00 0.00 0.00 23.50 0 0 0 SUN -N-0000 SUNSHINE HOLDING 28.30 29.00 28.30 28.90 11 5,805 167,513 SWAD-N-0000 SWADESHI 0.00 0.00 0.00 8200.00 0 0 0 TAFL-N-0000 THREE ACRE FARMS 47.00 50.00 46.00 48.90 119 83,475 3,904,242 TAJ -N-0000 TAJ LANKA 29.10 33.50 29.10 31.50 23 12,970 427,540 TANG-N-0000 TANGERINE 69.90 69.90 69.90 69.90 1 1 70 TAP -N-0000 TAPROBANE 0.00 0.00 0.00 4.70 0 0 0



TESS-N-0000 TESS AGRO 2.20 2.40 2.10 2.30 84 664,003 1,526,622 TFC -N-0000 THE FINANCE CO. 17.00 18.50 17.00 18.10 30 10,760 190,425 TFC -X-0000 THE FINANCE CO.[NON VOTING] 5.40 5.90 5.10 5.60 55 136,576 750,301 TFIL-N-0000 TRADE FINANCE 11.50 12.00 11.00 11.10 81 555,471 6,187,551 TILE-N-0000 LANKA FLOORTILES 60.10 62.50 60.10 62.40 4 600 37,210 TJL -N-0000 TEXTURED JERSEY 8.70 9.00 8.70 8.90 103 123,251 1,090,727 TKYO-N-0000 TOKYO CEMENT 27.00 27.50 27.00 27.20 8 12,424 335,908 TKYO-X-0000 TOKYO CEMENT[NON VOTING] 19.20 19.50 19.10 19.30 17 12,003 230,958 TPL -N-0000 TALAWAKELLE 23.00 24.90 23.00 24.80 9 4,234 99,600 TRAN-N-0000 TRANS ASIA 69.10 74.50 69.00 73.60 14 11,526 799,240 TSML-N-0000 TEA SMALLHOLDER 0.00 0.00 0.00 49.50 0 0 0 TWOD-N-0000 TOUCHWOOD 8.80 9.20 8.80 9.20 90 95,173 861,171 TYRE-N-0000 KELANI TYRES 33.90 36.00 33.90 34.80 65 9,691 334,471 UAL -N-0000 UNION ASSURANCE 87.50 87.50 87.50 87.50 1 500 43,750 UBC -N-0000 UNION BANK 13.10 13.80 13.10 13.50 23 6,551 86,708 UCAR-N-0000 UNION CHEMICALS 446.20 460.00 446.00 460.00 9 117 53,208 UDPL-N-0000 UDAPUSSELLAWA 27.70 29.90 27.70 27.80 5 146 4,050 UML -N-0000 UNITED MOTORS 90.00 90.00 88.90 90.00 17 5,773 518,740 VANI-N-0000 VANIK INCORP LTD 0.00 0.00 0.00 0.80 0 0 0 VANI-X-0000 VANIK INCORP LTD[NON VOTING] 0.00 0.00 0.00 0.80 0 0 0 VFIN-N-0000 VALLIBEL FINANCE 30.60 31.60 30.60 31.60 73 90,171 2,808,351 VLL -N-0000 VIDULLANKA 3.70 3.80 3.60 3.70 13 6,555 23,742 VONE-N-0000 VALLIBEL ONE 17.80 18.30 17.80 18.20 103 99,092 1,793,625 VPEL-N-0000 VALLIBEL 6.50 6.50 6.40 6.40 5 3,101 19,947 WAPO-N-0000 GUARDIAN CAPITAL 44.90 48.00 44.50 47.40 81 22,591 1,056,966 WATA-N-0000 WATAWALA 12.00 12.00 11.80 11.90 15 8,002 94,834 YORK-N-0000 YORK ARCADE 15.60 18.50 15.50 17.20 22 11,552 198,046


Softlogic Equity Research

Dimantha Mathew [email protected] +94 11 7277030 Akeela Imthinam Rasheed [email protected] +94 11 7277032 Crishani Perera [email protected] +94 11 7277031 Imalka Hettiarachchi [email protected] +94 11 7277004

Softlogic Equity Sales

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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

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daily trade journal - 12.12.2012 (1)

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