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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
39.7
248.8
9.1
322.5
73.7
Tuesday, May 07, 2013
843.4
% ChangePoint ChangeToday
54.4
1,386.6
1.32 %
1.47 %
2,377.0
ASPI
S&P SL 20 Index
+ 80.51
+ 50.83
6,201.68
3,511.95
ASPI 9.9%
13.8%
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 07.05.2013Bullish sentiment stays strong: The market continued
with overwhelming buying interest with most investors
actively getting back into the market. A strong
uptrend was observed in the index throughout the
day as the index surpassed the 6,200 mark closing at
6,201 up 80 points. Gains made in Aitken Spence,
John Keells Holdings, Valibel One and DFCC
weighted heavily on the index. With blue chips driving
the market, the S&P SL20 also recorded heavy
gaining rushing up 51 points.
Vallibel One tops turnover:Interest in Vallibel One has
been high in the last few days, while activity in the
counter accelerated following the acquisition by its
subsidiary Royal Ceramics. The counter recorded
6.1mn shares changing hands as it traded between
LKR19.3 and LKR21.8 and closing on the high side at
LKR21.4 gaining 12.0%. Royal Ceramics continued to
remain active gaining 3.5% to close at LKR104.0.Diversified and BFI Sectors show significant gains: The
most valuable company in the bourse John Keells
Holdings continued to renew its 52-week high to
LKR264.8 amidst buying interest despite its expensive
valuations. Most of the top slots in the turnover list
were booked by banking counters while finance
companies also slowly entered the show. National
Development Bank(+2.9%), Seylan Bank [Non-Voting]
(+1.8%), DFCC (+4.6%) reached 52-week highs while
Commercial Bank (+0.5%), Hatton National Bank(+0.9%) and Sampath Bank (+2.3%) also registered
perceived investor attention.Retail activity in Vallibel One and Colombo Land:
Heavy retail participation was observed across the
board with particular interest in Vallibel One which
recorded a large gain. Further the retail favorite
speculative counter; Colombo Land also grabbed
renewed interest as the counter recorded a gain of
LKR55.0 (+3.8%).
CSE bul ls pushes index up
80 po ints
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Statistical Look Up
Treasury Bill (%) 03.05.2013
9.20
10.22
11.33
13.55
Inflation (%) Apr-13 6.4
8.8
All Share Price Index p
S&P SL20 Index p
Turnover (LKR mn)
Turnover (USD mn)Volume (mn shares)
Traded Entities
Market Capitalization (LKR bn)
Foreign Purchases (LKR mn)
Foreign Sales (LKR mn)
Net Foreign Inflow (LKR mn)
Market PER (X)
Market PBV (X)
Market Dividend Yield
SECTOR INDICES
Banks, Finance & Insurance p
Beverage, Food & Tobacco p
Construction & Engineering p
Diversified p
Healthcare p
Hotels & Travels p
Land & Property p
Manufacturing p
Plantation p
Telecom q
6.79%
2.2
118.2
85.8
13,847.0
% Change
1.31%2.3
781.52%
16.5
2.07%
6.09%
3.18%
7.25%
% WoW
ChangeLast Week
4.22%
58.04%
-37.68%
189.96%
204.0
2,346.2
67.4
58.29%
58.29%
% WoW
ChangeLast Week
876.0
6.9
3.18%
3.99%
1.32%
Today
248.8
2.3
73.7
16.8
6,201.7
1.47%
2,377.0
2.2
322.5
-66.47%
-66.47%-19.25%
0.00%
11.054.4
255
3,512.0
4,135.6
32.7
255
1,386.6
1.32%
161.75%
-22.41%
Week ending
4.80%
69.06%
7.14%
4.22%
4.34%
4.17%
238
2,280.8
5,953.2
3,365.8
32.2
4.22%
-4.35%
123.2
95.0
28.2
Change %
6,121.2
3,461.1
2.3
1.32% 16.1
Pre Day
13,585.7
17,315.8
2,007.3
3,528.3
587.3
1.64%
2,735.3
1,933.5
1.23%
0.51%
1.25%
2.19%
2,831.1
16,737.2
560.4
174.9 171.2-0.11%174.7
2.2
2,987.0
17,404.2
2,866.5
2,051.4
14,017.8
Pre Day
0.00%
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 07.05.2013
Today
-7.18
706.1 695.4 1.54% 680.0 3.84%
809.0 804.2 0.61% 801.9 0.89%
2,797.0
3,475.9
2.33%
3,586.2
601.0
2.02%2,927.8
5400
5600
5800
6000
6200
6400
Index
ASPI
3200
3250
3300
3350
3400
3450
3500
3550
Index
S&P SL20
0.0
50.0
100.0
150.0
0
1,000
2,000
3,000
4,000
5,000
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
VALLIBEL ONE
SEYLAN BANK[NON VOTING]
COMMERCIAL BANK
NAT. DEV. BANK
HNB
Most Active
Close
264.50
825.00
261.00
828.70
170.00
138.30
721.90
9.70
Volume (mn)
5.3%
Turnover
(LKR)
4.2%
126,978,783
86,203,245
66,112,776
100,008,805
99,862,443
2.46
2.50
0.39
0.3% 7,999,699
126,978,783
4.2%
118.50
180.00
170.00
SEYLAN BANK[NON VOTING] 40.30
PIRAMAL GLASS 6.70
% Change
PC HOUSE
CIFL 2.60
2.50
6.10
2.59
2.60
1.77%39.60
0.85
0.482.92%
2.09
12.04%
3.08%
1.77%
3.6%
2.8%
0.7%
Contribution to
Total T/O
5,430,570
0.89%
3.10
17,354,876
100,008,805
183.38
ABANS
AMAYA LEISURE
Pre Day
12.04%19.10 5.3%6.10
Volume (mn)% Change
13.17%
+ 9.00 13.85%
21.40
CompanyContribution to
Total T/O
152.00
4.2%
0.2%
Turnover
(LKR)
160.00
20.70
1.43
117.20
56.00
160.00
42.20
57,423.34
72.00
222.10
168.50
42.80
711.00
71.40
475.00
6.10
TodayCompany
160.00
N D B CAPITAL
79.60
454.17
1.91240.96
522.90
228.34
2,617.02
4.38
Today
13.13%
Turnover
USD ('000)
1.6025.10%
Intraday
Low (LKR)
Turnover
LKR ('000)
99,862.44
554.21
789.83
1.81
820.00
57,807.83
Intraday
High (LKR)
264.80
78.26
147.00
218.00
129.00
180.00
43.00
9.50
% Change
JOHN KEELLS HOLDINGS 219,426
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 3,357
1.7%
1,649686
9,372
9.5%
6.5%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.7%
3.1%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
71.90
1,880.00
118.60
9,894.19
3.14
LOLC
AITKEN SPENCE 140.00
2.3% 19.72
397.57
171.00
742.051,290.87
5.8710.21
450.00
721.90
9.80
1,880.10
118.50
450.001,899.00
66,112.78
2,493.60
4.0%
2.4%
1.2%
321
270,817
388,980
73,375
4.2%
185.00
58.00
3.3%
181.40
57.90
450.00
3.2%
40.30
0.51%
1.6%
2.3%
Change
- 0.10
- 4.30
- 24.50
- 0.30
% Change
223.00
174.90
168.50
117.90
FLC HYDRO POWER
+ 12.80
MULLERS
72.00
150.10
Volume
457.21
6.45%
0.00%
847,473
23,185.50
180.80
11,069 9,091.28
1.3%
Change
1,220.00
Company% of
Mkt Cap
3.30
Today Pre Day
19.10
6.50
39.60
+ 244.80
DISTILLERIES
155,000
260,589
VALLIBEL ONE 21.40
Company
13,695
9,570
1,130
BERUWELA WALKINN
SELINSING
Company Today
1.5%
CHILAW FINANCE
BIMPUTH FINANCE 22.80 + 4.80 26.67% SAMSON INTERNAT. 87.10 - 10.80 -11.03%
-4.69%
-4.90%
-5.88%
-5.13%
11.20
110.00
74.00
+ 1.30
Softlogic Equity Research Page | 3.
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar No Annoucements
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
p
p
p
p
p
* Time is as at ET Source: www.bloomberg.com
Commodit Markets
Crude Oil (Brent) q
Crude Oil (WTI) q
ICE Cotton #2 q
CBOT Wheat p
COMEX Gold q
COMEX Silver q
COMEX Copper q
* Time is as at ET Source: www.bloomberg.com
00-Jan-00
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*
USd/bu.
86.13
Price
105.04
95.69
USD/bbl.
102.69
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
196.54
0.00
0.00 0
0
126.43
0.0033.71
Malaysia
4.08
129.49
20.53
2.34
1.28
42.57
India
Currency
165.33
Indicative Rate
07.05.2013
China
0
Payment DateDPS (LKR) XD Date
6,549.6
Singapore
Switzerland
Thailand
UK
-0.42
132.0
0
2,771.3
134.72
1/0/1900
1/0/1900
4.26
USA
02:28
28.2
1/0/1900
Change
0.75%
486.2
04:01
0
00-Jan-00
1/0/1900
1/0/1900
06:51
06:51
0.43%
06:51
Company
07:06
06:51
06:56
0-Jan
0-Jan
07:07
07:08
Time*
06:51
-0.30%
Change %
0.85%
-1.27%
-0.40%
-0.49%
3.55%
0.58%
-0.59%
3.1
Change
-1.44%-1.26
0
-0.47
Change %
330.05
USD/t oz.
USD/t oz. -0.31
708.75
-1.00
23.65
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
14,180.2
Value
14,968.9
1,617.5
USD/bbl.
USd/lb.
USd/lb.
AMERICA
6.00
METALS
ENERGY
Commodity
23,047.1
Units
0
20.7
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
-0.03%
0.19%
-5.1
Russia
Saudi Arabia
Japan
1,459.40 -8.60
Australia
Softlogic Equity Research Page | 4.
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Softlogic Equity Research Page | 5
CSE Announcements
Senkadagala Finance : The Colombo Stock Exchange CSE has approvedin principle an Application for listing the debt securities of the Company. The
debt securities are to be listed on the Main Board of the CSE.
5,000,000 Senior, Unsecured, Redeemable Debentures at an issue price of LKR,
100.00 each (with an option to issue up to a further 5,000,000 Debentures in theevent the initial 5,000,000 Debentures are oversubscribed).
Dealings by Directors
Local News
Sri Lanka tourist arrivals up 7.7% in March, Indian arrivals plunge: Sri Lanka's tourist arrivals rose 7.7% to98,155 in March 2013 with strong growth from key Western markets and China, but arrivals from India
plunged, official data shows. In the first two months of the year arrivals were up 10.9% to 288,798. Arrivals
from Western Europe, a key generating market for resort tourist rose 10.5% in March to 44.008 with UK
rising 8.8% to 13,088, Germany up 16.3% to 9,145 and France up 7.0% to 6,973. Netherlands rose 12.8% to
3,119, Sweden rose 2.1% to 2,390. After March the Western European market slows. South Asian arrivals fell
6.7% to 19,261 with arrivals from India, Sri Lanka's largest source of arrivals plunging 18.1% to 11,789.
Arrivals from Maldives rose 23.1% to 4,742 and visitors from Pakistan fell 5.1% to 1,695. East Asian arrivals
rose 12.1% to 11,008 in March with China rising 53% to 2,208. So far this year Chinese arrivals have grown
56.6% to 8,353. Japan also performed strongly rising 43.6% to 2,515 up 21.4% but Singapore fell 35.4% to
1,011 and Malaysia fell 34% to 1,292. In March, Malaysia based budget carrier AirAsia pulled out ofColombo. Arrivals from Eastern Europe rose 19% to 9,635 with Russian arrivals up 38% to 4,143 and visitors
from Ukraine up 67% to 3,092. Middle Eastern arrivals fell 3.6% to 3,796.
[Source: www.lbo.lk]
World merchandise exports show tepid growth for 2012, UN reports: Global merchandise exports grew byonly 0.2% in value in 2012 after two years of significant expansion, with a decline among developed
countries offset by 3.6% growth among developing countries fuelled by petroleum and gas, according to
United Nations figures released. Developed nations registered a 2.75% drop in merchandise exports, with
the total global value 2012 reaching USD18.325 trillion, as compared to USD18.292 trillion in 2011, according
to the UN Conference on Trade and Development (UNCTAD), which promotes the integration of developing
countries into the world economy. But even in the developing world, primary exporters of commodities
other than fuels saw exports drop by 2.54%, with the 3.6% growth confined mostly to major petroleum- and
gas-exporting nations, which recorded a 5.1% increase, according to UNCTAD.
[Source: www.ft.lk]
Sri Lanka Jaffna harbhor dredged: State-run Dredging Corporation of India has dredged Sri Lanka'sKankasanthurai Habour in the northern Jaffna peninsular, in a two week operation, India's High Commission
(embassy) in Colombo said. A 'trailer suction hopper dredger'had arrived at KKS Harbour on April 19th and
had completed the task by May 03 in a USD2.055 mn grant aid project as part of an overall USD25 mn
financing to rehabilitate the port. The dredging was the fourth phase following a preliminary survey, geo-
technical investigations and wreck removal. Wreck removal had cost USD19.5 mn. Jaffna was caught in a 30
year civil war that ended in 2009. Sri Lanka Ports Authority will now rehabilitated the ports breakwater, build
a new pier and also do a final hydrographic survey and prepare a Harbour chart (map) through a line of
credit.
[Source: www.lbo.lk]
Company Name Relationship Transaction Quantity Price (LKR) Date
Lanka Ceramic [CERA: LKR120.0] Dr. T Senthilverl Director Sale 452,200 120.0 06.05.2013
Lanka Ceramic [CERA: LKR120.0] Mr. P. S. R. Casie Chitty Director Purchase 275,000 55.0 06.05.2013
Pan Asi a Bank ing Coporati on [PABC: LKR21.0] Mr. W.D.N . H Perera Di rector Purchase 211,899 20.9-21.0 02.05.2013-06.05.2013
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Softlogic Equity Research Page | 6
LB Finance and DIMO sign Memorandum of Understanding: A Memorandum of Understanding (MOU) wassigned between LB Finance [LFIN: LKR135.5]and Diesel & Motor Engineering[DIMO: LKR514.5]on May 2,
2013, in order to bring advantageous results to the micro finance market of Sri Lanka. According to the
MOU, they would introduce a large range of financial benefits to their customers who select LB Finance for
the leasing of specified DIMO products under this scheme. The aforesaid customer benefits include
competitive down payment schemes, free insurance, free registration services and gift vouchers. This
alliance between LB Finance and DIMO, mainly offers the above benefits for highly demanded three DIMOproducts such as TATA Lokka (Non A/C) for an initial down payment of LKR140,000 with free insurance and
free registration, TATA Lokka Super ACE (A/C), for an initial down payment of LKR160,000 with free
insurance and free registration and TATA Batti for an initial down payment of LKR5,000/- with free
insurance, free registration along with a valuable gift voucher.
[Source: www.dailynews.lk]
Fitch rates HNBs Subordinated Debt Final A+(lka): Fitch Ratings has assigned Hatton National Bank [HNB:LKR170.0, HNB.X: LKR126.9] (HNB; AA-(lka)/Stable) issue of unsecured subordinated redeemable
debentures of up to Rs 4 billion a final National Long-Term rating of A+(lka). The assignment of the final
rating follows the receipt of final documents which conform to information previously received. The final
rating is at the same level as the expected rating assigned on April 11, 2013. The debentures are rated onenotch below HNBs National Long-Term rating of AA-(lka) to reflect their subordinated status. The
debentures have a five-year tenor with bullet principal repayment at maturity. Coupon payments are at a
fixed rate and paid annually, helping the bank to reduce its exposure to interest rate risk. The debentures do
not contain any deferral clauses and therefore Fitch has not assigned any equity credit to this issue. HNB is
to use the proceeds to fund its projected lending activities and to strengthen the banks regulatory Tier 2
capital base.
[Source: www.dailynews.lk]
Increased Chinese investments in Sri Lanka: Chinese Vice-Minister of Commerce Cheng Jiao has informedEconomic Development Minister Basil Rajapaksa that China is ready for large and medium scale investments
in Sri Lanka with Beijings sponsorship. Vice Minister Jiao who met Minister Basil Rajapaksa during a recent
tour of Sri Lanka, said Chinas attention has been drawn to the need for reducing the t rade gap between the
two countries in order to further strengthen ties. While recalling long years of trade relations between the
two countries the Chinese Vice-Minister also noted expansion and improvement of the islands road network
and transport facilities. He lauded Sri Lankas high development achievements within four years following
the defeat of LTTE terrorism.
[Source: www.ft.lk]
Global News
Slow Reforms Cloud Vietnams Economic Growth Outlook, IMF Says : Slow restructuring of Vietnams banksand state companies contributed to the International Monetary Funds decision last week to cut the nations
growth forecasts. The IMF lowered its projection for Vietnams growth to 5.2% this year from 5.8%
previously and to 5.2% in 2014 from 6.4% in its report on April 29. The reduction of this years forecast is the
biggest cut among Southeast Asian countries after Singapore, while the 2014 cut is the biggest downward
move for any Asian country, the data showed. The cuts signal that it will be important to carry through with
the reforms the government has said it intends to, said Sanjay Kalra, the IMFs Hanoi-based resident
representative. Structural reforms have moved a bit slower than one might have expected or is desired.
[Source: www.bloomberg.com]
Australia's central bank cuts key interest rate to record low: Australia's central bank has cut its benchmarkinterest rate to a record low, in an attempt to counter slowing growth in the country's mining sector. The
Reserve Bank of Australia cuts its key rate to 2.75% from 3%. The bank said it expected investment in the
resources sector, one of its biggest drivers of growth in recent times, to peak this year. It added that a rate
cut would provide a boost to other areas of the economy and help sustain long-term growth. "There has
been a strengthening in consumption and a modest firming in dwelling investment, and prospects are for
some increase in business investment outside the resources sector over the next year,"the Central Bank said
in a statement. "
[Source: www.bbc.co.uk]