daily trade journal - 15.05.2013

7/30/2019 Daily Trade Journal - 15.05.2013

1/6

p

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]

YTD Performance

S&P SL 20 Index

40.2

859.9

10.6

1,088.8

228.9

Wednesday, May 15, 2013

866.2

% ChangePoint ChangeToday

49.1

1,695.9

0.23 %

-0.06 %

2,384.5

ASPI

S&P SL 20 Index

+ 14.53

- 2.16

6,221.12

3,498.34

ASPI 10.2%

13.4%

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 15.05.2013Bourse reverts back to the green: The benchmark

index moved on a volatile note with renewed buying

interest leading to a gain of 14 points at 6,221.12

points. BFI sector and Diversified sectors continued

dominancy, adding 62% to the turnover. Gains

denoted in heavy weights; Nestle Lanka (+1.8%),

Carsons Cumberbatch (+1.4%), Hatton National Bank

(+1.8%) and John Keells Holdings (+0.4%) supported

the uptrend of the index while marginal dips in

banking players in the S&P SL20 calibre led the index

to close marginally down at 3,498.34 points.15 crossings added 54% to the turnover spearheaded

by John Keells Holdings: John Keells Holdings

continued to lead the turnover supported by 7 off-

board deals which carried 1.25 mn shares at LKR274.0

and LKR275.0. The counter touched a new 52-week

high of LKR275.0 with majority of on-board interest

weighing towards the selling side. BFI sector interestcontinued highlighting Sampath Bank (-1.5%),

National Development Bank(-2.3%) and Commercial

Bank (-1.4%) creating further opportunity to

accumulate. The former counters encountered one

and four crossings each at LKR225.0 and LKR175.0.

Motor sector witnessed renewed play with notable

interest in Colonial Motors, Diesel and Motor

Engineering and United Motors. The latter closed with

a gain of 5.1% at LKR113.1 after an off-board block of

1 mn shares which was crossed off at LKR110.0 while

the former counters secured gains of 8.3% and 1.6%respectively. Renewed interest in Cargills led two off

market blocks amounting to 670k shares at LKR165.0.

Strong on-board interest on Piramal Glass as it traded

at a 52-week high: Piramal Glass was noted in the

top turnover slot with several large blocks being

picked at its new 52-week high of LKR6.9. The counter

offers attractive dividend yields of 5.7% and 6.1% on

FY14E and FY15E net earnings whilst trading below the

manufacturing sector trailing PER of 11.6.Retail activity saw a slowdown: Retail interest focusedon Piramal Glass, PC House, Dialog Axiata, FLC

Holdings and Blue Diamond [Non-Voting].

Upward climb in ASPI amidstcrossings adding 54% toturnover


2/6

Statistical Look Up

Treasury Bill (%) 10.05.2013

9.18

10.20

11.29

13.48

Inflation (%) Apr-13 6.4

8.8

All Share Price Index p

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 p

Construction & Engineering p

Diversified p

Healthcare q

Hotels & Travels p

Land & Property p

Manufacturing p

Plantation p

Telecom p

-0.05%

2.3

400.5

-92.1

13,967.4

% Change

0.24%2.3

457.21%

16.8

-1.27%

0.64%

-0.30%

0.54%

% WoW

ChangeLast Week

0.18%

253.10%

-42.85%

-1033.35%

308.4

2,378.9

24.0

15.74%

15.74%

% WoW

ChangeLast Week

1,465.3

11.6

-1.09%

0.55%

0.23%

Today

859.9

2.3

228.9

16.8

6,221.1

-0.06%

2,384.5

2.1

1,088.8

166.58%

166.58%104.84%

2.43%

13.449.1

253

3,498.3

636.2

5.0

247

1,695.9

0.23%

491.93%

672.89%

Week ending

-0.49%

-3.53%

0.00%

0.18%

-0.65%

0.18%

253

2,380.3

6,210.1

3,521.3

50.9

0.18%

-4.55%

183.9

29.6

154.3

Change %

6,206.6

3,500.5

2.2

0.23% 16.8

Pre Day

14,068.9

17,330.1

2,069.8

3,566.6

597.1

0.09%

2,944.1

2,065.7

-0.37%

0.59%

0.75%

0.44%

2,907.8

17,337.6

596.4

172.5 174.90.12%172.7

2.2

3,004.9

17,432.9

2,929.7

2,078.9

13,915.8

Pre Day

-4.55%

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 15.05.2013

Today

4.94

714.8 715.8 -0.14% 702.2 1.80%

827.4 820.3 0.87% 802.7 3.08%

3,006.3

3,580.8

0.41%

3,569.9

599.6

0.09%3,002.0

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

Softlogic Equity Research Page | 2.


3/6

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

JKH

NAT. DEV. BANK

UNITED MOTORS

CARGILLS

PIRAMAL GLASS

Most Active

Close

274.20

830.00

273.00

835.00

168.00

134.90

715.00

9.50

Volume (mn)

3.5%

Turnover

(LKR)

5.2%

443,394,395

110,873,304

82,555,013

379,396,179

123,774,251

2.41

2.17

11.97

0.3% 6,736,976

82,555,013

15.9%

113.10

159.80

6.90

DIALOG 9.50

PC HOUSE 3.80

% Change

FREE LANKA

NAT. DEV. BANK 174.90

4.31

11.97

6.44

179.00

-2.29%179.00

1.12

0.670.19%

2.17

1.47%

11.76%

0.00%

4.6%

3.5%

1.0%

Contribution to

Total T/O

379,396,179

1.47%

2.80

23,844,085

40,978,875

9.90

PC HOUSE

CARGO BOAT

Pre Day

0.44%273.00 18.6%1.62

Volume (mn)% Change

11.76%

+ 9.90 14.60%

274.20

CompanyContribution to

Total T/O

148.50

1.7%

15.9%

Turnover

(LKR)

159.80

324.05

876.76

114.50

58.50

159.00

42.10

34,058.47

73.00

223.50

165.00

42.70

706.00

72.50

22.40

240.00

TodayCompany

164.00

BOGALA GRAPHITE

95.00

269.33

0.87109.68

223.18

145.84

40,978.88

0.76

Today

9.55%

Turnover

USD ('000)

68.1025.00%

Intraday

Low (LKR)

Turnover

LKR ('000)

43,613.39

95.60

344.89

1.15

830.00

443,394.39

Intraday

High (LKR)

275.00

0.45

146.00

222.50

134.80

181.50

43.20

9.40

% Change

JOHN KEELLS HOLDINGS 1,616,799

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 1,506

1.6%

4209,779

11,300

9.9%

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

14.42

1,850.00

116.50

56.89

3.82

LOLC

AITKEN SPENCE 134.90

2.3% 28.47

483.63

168.00

187.3118,362.31

1.48145.21

445.00

720.00

9.60

1,887.50

115.00

446.001,899.00

28,223.02

3,600.59

3.8%

2.3%

1.2%

204

4,313,672

168,925

422

4.3%

184.00

60.00

3.2%

183.60

59.40

446.00

3.2%

174.90

5.11%

1.6%

2.2%

Change

- 9.80

- 12.40

- 2.90

- 24.50

% Change

228.40

159.50

6.80

107.60

SATHOSA MOTORS

+ 0.40

SIGIRIYA VILLAGE

73.00

147.10

Volume

3,506.27

0.00%

-2.29%

379,860

1,251.59

110,873.30

2,197 1,823.72

1.4%

Change

0.50

Company% of

Mkt Cap

2.80

Today Pre Day

6.80

3.40

9.50

+ 0.10

DISTILLERIES

8,473

151,539

PIRAMAL GLASS 6.90

Company

19,647

1,601

671,997

REGNIS

S M B LEASING [X]

Company Today

1.5%

CHEMANEX

SERENDIB ENG.GRP 178.00 + 37.00 26.24% HUEJAY 64.10 - 14.70 -18.65%

-9.26%

-11.46%

-12.58%

-11.55%

91.80

3.80

77.70

+ 8.00



4/6

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Balangoda Plantations PLC

Yuan 0

Euro 0

Rupee 0

Yen 0

Ringgit 0

Rouble 0

Riyal 0

Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization

Franc Company

Baht No Announcements

Pound 0

Dollar 0Source: www.cbsl.gov.lk

Global Markets

p

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 q

COMEX Gold q

COMEX Silver q

COMEX Copper q

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

00-Jan-00

04-07-2013

1/0/1900

1/0/1900

00-Jan-00

Description

0.00

0.00

0 1/0/1900

0

XR Date

00-Jan-00

00-Jan-00

00-Jan-0000-Jan-00

Renunciation

00-Jan-00

0.00

Time*

USd/bu.

86.17

Price

102.28

93.15

USD/bbl.

101.80

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

192.49

1.00

0.00 0

27-06-2013

126.46

0.0033.72

Malaysia

4.03

125.10

20.57

2.31

1.24

42.19

India

Currency

163.47

Indicative Rate

15.05.2013

China

0

Payment DateDPS (LKR) XD Date

6,695.0

Singapore

Switzerland

Thailand

UK

-0.32

114.0

0

2,801.5

130.79

1/0/1900

1/0/1900

4.25

USA

02:28

9.0

1/0/1900

Change

0.21%

337.6

04:01

0

00-Jan-00

1/0/1900

1/0/1900

07:24

07:23

0.13%

07:24

Company

07:43

07:20

07:23

0-Jan

0-Jan

07:31

07:32

Time*

07:22

-1.51%

Change %

-0.63%

-1.88%

-0.31%

-1.13%

2.29%

0.50%

-0.99%

16.6

Change

-0.86%-0.75

0

-1.06

Change %

323.85

USD/t oz.

USD/t oz. -0.44

706.25

-4.95

22.94

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

15,096.0

Value

15,215.3

1,650.3

USD/bbl.

USd/lb.

USd/lb.

AMERICA

-4.50

METALS

ENERGY

Commodity

23,044.2

Units

0

5.9

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

0.82%

1.01%

123.6

Russia

Saudi Arabia

Japan

1,410.40 -14.10

Australia



5/6

Softlogic Equity Research Page | 5

CSE Announcements

E-Channelling [ECL: LKR7.1]: Mr E-Channelling has entered into anagreement with Laugfs Pay & Go (Pvt) Ltd which would facilitate customers the

appointments to channel doctors through Laugfs retail network.

Singer Finance [SFIN: LKR14.40]: Dr. Saman Kelegama has beenappointed as the Chairman of the Company to fill the vacancy created by theresignation of Mr. H.D.S Amarasuriya with effect from, 30

thApril 2013

Dealing by Directors:

Local News Sri Lanka's Treasuries yields plunge: Sri Lanka's Treasuries yields plunged as much as 45 basis points at the

first bill auction following a 50 basis point rate cut last week, data from the state debt office showed. The 3-

month yield fell 43 basis points to 8.75%, the 6-month yield fell 29 basis points to 9.91% and the 12-month

yield fell 45 basis points to 10.84%. The debt office which is a unit of the Central Bank said offered LKR15.0

bn of bills for auction and accepted LKR19.1 bn rupees in bids selling LKR1.0 bn in 3-month, LKR2.9 bn in 6-

month and LKR15.1 billion worth 12-month bills.

[Source: www.lbo.lk]

Australia's Crown applies to invest in Sri Lanka: minister: Melbourne based Crown group has submitted aninvestment application to Sri Lanka which is pending approval, investment promotion minister LakshmanAbeywardena said. Crown, an entertainment and gaming group has been planning a USD350 mn mixed

development in Sri Lanka's capital Colombo, according to reports. Sri Lanka has also proposed changes to the

country's gaming laws. Sri Lanka already has about a dozen casinos. Sri Lanka is targeting foreign customers

mainly from the Indian subcontinent for its gaming industry. The country's tourism industry has been

growing rapidly since the end of a 30-year war.


Krrish payments to be completed in May: Investment Promotion Minister Lakshman Yapa Abeywardenayesterday assured that payments on the controversial Krrish project would be completed by the end of May.

Dealing with the knotty issue, Abeywardena said that 81% of the LKR4,995 mn project has been paid up,

which is a value of LKR4,049 mn admitted that the total should have been completed by the end of March

2013 but stressed that the oversight was on the part of the Sri Lankan Government, which had to sort out a

discrepancy with the Urban Development Auditory (UDA). Since the land for the Krrish project was given by

the UDA, it was necessary for the Government to transfer two other acres to it. This had to be done by us so

there were a few delays. He expressed confidence that the full amount would be paid according to the new

timeline.


Lankas insurance market fast growing: Central Bank Governor Ajith Nivard Cabraal said the segregationof composite insurance companies into life and non- life would enhance the focus and capacity of players in

the industry to reach untapped areas of the economy and support the opportunities which would be

generated with the five hubs concept as enumerated in Mahinda Chinthana. Cabraal expressed these views

addressing a seminar on The Future of Insurance in Sri Lanka organized by Asian Alliance Insurance PLC

(AAI), along with their new shareholders, Messrs. Financierings-Maatschappij voor Ontwikkelingslanden N.V.

Netherlands(FMO) and Deutsche Investitions-und Entwicklungsgessellschaft MBH of Germany (DEG). The

3% of total asset of financial sector in Sri Lanka is in the insurance sector, this perhaps tell us there is

Company Name Relationship Transaction Quantity Price

(LKR)

Date

Touchwood Investments [TWOD:LKR6.0] Mrs. S.G Jamburegoda Director Sale 9,384,638 6.00-7.30 02.05.13


6/6

Softlogic Equity Research Page | 6

tremendous scope for us to improve. However, Sri Lankan insurance industry is lagging far behind compared

to Asian countries in general. In Sri Lanka, premiums as a percentage of GDP is 1.2% versus a regional

average of 5.8%, whilst long term life insurance business accounts for 0.5% of GDP, Cabraal said. In Sri

Lanka, out of 22 insurance companies, six are exclusively in general business, three in long term insurance

business. Out of 22 insurance companies, only seven companies are listed. Sri Lanka has one of the fastest

growing insurance markets in the world with low level penetration. This scenario would create space for us to

grow at least 5-6 times what we are in toady. Today, we are opening up many new vistas for the country toprogress. We are on a steady path to reach USD4000 per capita income target, perhaps before 2016. We

have reached almost USD3,000 within a very short of time and there are enough areas for us to show that Sri

Lanka is well within the reach to achieve USD4,000 per capita income level target, Cabraal said.

[Source: www.dailynews.lk]

Fitch publishes Sri Lanka Insurance Corporation at IFS BB-/Stable: Fitch Ratings Lanka has published SriLanka Insurance Corporation Limiteds (SLIC) Insurer Financial Strength rating (IFS) at BB- with a Stable

Outlook. The agency has also affirmed the National Insurer Financial Strength Rating and National Long-Term

rating at AA(lka) with a Stable Outlook. The ratings reflect SLICs strong franchise and capitalisation,

supported by sustained profitability and high capital retention. Regulatory solvency at end-2012 was 11x(2011:11.6x) in life and 3.4x (2011: 2.2x) in non-life and compare well with peers. Fitch expects support from

the Government of Sri Lanka, if required, due to its 99.9% ownership and SLICs strategic importance as the

largest state-owned insurer. Offsetting the strengths are significant investments in non-core subsidiaries,

which are made in line with government policy and a high equity exposure which weakens risk-based capital.

[Source: www.ft.lk]

Global News Euro-Area Recession Deepens as Slowdown Exceeds Estimates: The euro-area economy shrank more than

economists forecast in the three months through March, extending a recession to a record sixth quarter and

increasing pressure on the currency blocs leaders to spur growth. Gross domestic product in the 17-nationeuro zone fell 0.2% after a 0.6% decline in the previous quarter, the European Unions statistics office in

Luxembourg said today. The median of 39 estimates in a Bloomberg News survey was for a 0.1% contraction.

From a year earlier, the economy shrank 1%. The slowdown has spread to the euro core. The German

economy, Europes largest, expanded less than forecast in the first quarter. France slipped into a recession

and Italys contraction exceeded estimates. The European Central Bank cut its benchmark interest rate to a

record low of 0.5% this month and President Mario Draghi said the ECB is ready to act again if needed. The

first-quarter contraction reinforces pressure on the ECB to come up with further measures to try and

support euro-zone growth, said Howard Archer, an economist at IHS Global Insight in London. An interest

rate cut to 0.25% looks ever more possible, while the ECB will also continue to look into the case for a

negative deposit rate and ways of getting more credit through to smaller companies.

[Source: www.bloomberg.com]

U.K. ILO Unemployment Rises in Sign of Slowing Labor Market: U.K. unemployment rose in the firstquarter and the number of people in work fell the most in 1 1/2 years as the pressure on wages intensified,

adding to signs that the labor market is slowing. Joblessness as measured by International Labour

Organisation methods rose 15,000 in the three months through March to 2.52 mn, a rate of 7.8%, the Office

for National Statistics said today in London. Employment fell by 43,000. Average earnings grew 0.4%, the

least since 2009. While the economy returned to growth in the first quarter, the recovery may be restrained

by the governments fiscal squeeze and weak demand in the euro area. The labor market, which proved

resilient during the financial crisis, may be slow to pick up as companies meet demand from existing

workers. The Bank of England is due to publish new growth forecasts today. What you are seeing is a slight

deterioration in the employment data, saidRoss Walker, chief U.K. economist at Royal Bank of ScotlandGroup Plc in London. Its not collapsing, but the underlying picture is weak.

[Source: www.bloomberg.com]

daily trade journal - 15.05.2013

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