daily trade journal - 21.03.2013.pdf

7/29/2019 Daily Trade Journal - 21.03.2013.pdf

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]

2.1%

7.4%

ASPI

S&P SL 20 Index

+ 29.01

+ 13.72

5,763.83

3,313.28

ASPI

Thursday, March 21, 2013

793.2

% ChangePoint ChangeToday

36.3

672.4

0.51 %

0.42 %

2,215.8

YTD Performance

S&P SL 20 Index

38.0

99.7

4.1

219.4

119.7

Level 23, East Tower, World Trade Centre,

Colombo 01

Tel: +94 11 727 7000,

Fax: +94 11 727 7099

Email: [email protected]

CSE Diary for 21.03.2013Bourse adopts a bullish tone: The benchmark index

was on an upward momentum today with the

index gaining during the 1st hour and the last hour

of the day. The midday was more of a

consolidation phase for the index. With the blue

chips on the run the S&P SL 20, too has witnessed a

similar pattern gaining 14 points during the day.Nestle, DFCC and Aitken Spence weighted

positively on index while Carsons and Dialog

weighted negatively on the index.Large blocks in speculative counters lead turnover:

East West was the top performer for the day with a

crossing of 6mn shares taking place at 52-week low

off- market price of LKR15.0. Heavy trading in PC

House continued to grab investor attention

following the announcement of its rights issue

which generated selling pressure. The counterrecorded an off-market deal of 9.8mn shares at

LKR3.1. The counter touched a 52-week low price

of LKR2.9 before closing the day at LKR3.0. Its

holding company PCH Holdings also recorded on-

board interest with a large block of 3.7mn shares

changing hands at LKR5.8.

Banks continue to impress investors: Commercial

Bankwitnessed considerable on board interest as

the counter traded between LKR113.5 and

LKR114.4 while it closed marginally down for theday at LKR113.7 (-0.3%). Hatton Nation Bank

[Voting] and Non-Voting counters continued to

attract investor attention with the former recording

a crossing of 500k shares at LKR165.0 while the

latter renewed its 52-week high price to LKR132.0.

Further interest was noted in National Development

Bank, DFCC and Seylan Bank [Non-Voting] with all

3 counters recording 52-week high prices.

Retail activity slowly switching to the blue-chips:

The retail favourite counters have been recordingcontinuous selling pressure during the current

quarter with most investors looking to switch to

Index bullish on heavyweights


2/7

Statistical Look Up

Treasury Bill (%) 22.03.2013

9.22

10.25

11.26

13.81

Inflation (%) Feb-13 9.8

8.6

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 q

Healthcare p

Hotels & Travels p

Land & Property p

Manufacturing p

Plantation p

Telecom q

594.9 594.3 0.11% 601.9 -1.16%

790.1 782.6 0.95% 775.9 1.82%

2,558.8

3,326.8

2.14%

3,322.3

471.0

0.33%2,542.3

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 21.03.2013

Today

-8.17

166.7

2.3

2,550.8

16,241.3

2,734.2

1,901.5

13,286.2

Pre Day

0.00%

167.6 166.7-0.54%

12,946.5

16,043.5

1,902.0

3,303.1

461.1

0.58%

2,729.9

1,866.1

0.84%

1.23%

0.06%

-0.02%

2,732.5

16,083.6

464.5

234.0

24.3

209.7

Change %

5,734.8

3,299.6

2.3

0.51% 15.4

Pre Day

Week ending

0.16%

42.93%

5.78%

1.34%

2.23%

1.32%

225

2,186.6

5,689.0

3,241.0

25.4

1.33%

0.00%

0.42%

2,215.8

2.3

219.4

24.59%

24.59%73.81%

4.39%

5.336.3

238

3,313.3

539.7

4.3

228

672.4

0.51%

-6.22%

393.03%

Today

99.7

2.1

119.7

15.6

5,763.8

2,204.5

20.9

10.37%

10.37%

% WoW

ChangeLast Week

609.2

4.8

2.62%

0.98%

0.51%

0.00%

1.90%

-0.13%

1.39%

% WoW

ChangeLast Week

1.34%

-40.41%

11.90%

-61.84%

368.2

-0.31%

2.1

107.0

261.2

13,175.9

% Change

0.52%2.1

-52.47%

15.5

5550

5600

5650

5700

5750

5800

Index

ASPI

3100

3150

3200

3250

3300

3350

Index

S&P SL20

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

0

500

1,000

1,500

2,000

2,500

3,000

Volume('mn)

TurnoverLKR('mn)

Turnover Volume

Softlogic Equity Research Page | 2.


3/7

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

HNB

EAST WEST

COMMERCIAL BANK

AHOT PROPERTIES

PC HOUSE

Most Active

29.90 + 3.30 12.41% S M B LEASING [X] 0.30 - 0.10 -25.00%

-5.35%

-7.14%

-10.27%

-7.59%

23.90

155.00

14.80

+ 2.10

2.70

Today Pre Day

3.00

12.50

5.60

+ 0.50

DISTILLERIES

128,198

43,754

PC HOUSE 3.00

Company

4,916

28,081

544

RAMBODA FALLS

THE FINANCE CO. [X]

Company Today

1.5%

SOFTLOGIC FIN

ABANS FINANCIAL

566,375

16,409.88

82.51

319 256.02

1.4%

Change

4.80

Company% of

Mkt CapVolume

143.85

0.00%

3.57%

13.40

-0.26%

1.7%

2.4%

Change

- 7.50

- 6.00

- 0.10

- 5.60

% Change

234.80

69.00

3.00

114.00

CFI

+ 15.00

MIRAMAR

70.00

130.80

1,695.00

113.70

440.201,695.00

116,043.62

842.14

4.0%

2.2%

1.2%

132

57,016

703,392

2,000

4.1%

174.00

58.90

3.3%

173.00

58.10

440.20

3.4%

2.02

1,622.50

114.40

238.00

0.08

LOLC

AITKEN SPENCE 119.00

2.3% 6.65

9.57

168.00

44.021,310.61

0.3510.35

440.20

719.90

9.20

JOHN KEELLS HOLDINGS 73,126

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 550,606

1.6%

100806

228

9.6%

6.8%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

3.9%

3.3%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

Turnover

USD ('000)

65.5011.63%

Intraday

Low (LKR)

Turnover

LKR ('000)

64,564.76

1,628.01

509.64

0.75

801.00

18,223.49

Intraday

High (LKR)

249.70

1.88

125.00

231.90

118.90

170.00

42.00

9.00

% Change

38,542.57

915.98

94.54

516.70

12.85

Today

9.63%

Turnover

(LKR)

152.10

4.08

0.65

113.50

56.30

151.50

41.90

10,180.02

71.50

232.10

162.00

42.00

715.00

69.20

1.30

99.00

TodayCompany

155.00

NATION LANKA [W 0021]

73.00

80.36

304.23

92,796,963

21,517,506

129.53

SERENDIB ENG.GRP

CHEMANEX

Pre Day

2.03%162.40 5.2%0.70

Volume (mn)% Change

10.71%

+ 1.50 11.28%

165.70

CompanyContribution to

Total T/O

131.00

1.0%

0.1%

3.71

10.11

6.21

2.80

7.20%12.50

0.57

0.551.45%

1.16

0.00%

7.20%

3.57%

1.7%

1.4%

4.2%

Contribution to

Total T/O

3,315,633

0.00%

2.70

PANASIAN POWER 2.90

113.70

70.00

3.00

PCH HOLDINGS 5.80

EAST WEST 13.40

% Change

CIFL

116,043,615

38,542,568

31,308,059

92,796,963

64,564,759

1.17

6.21

10.11

0.1% 3,160,035

31,308,059

4.2%

Volume (mn)

1.4%

Turnover

(LKR)

2.9%

165.70

119.00

715.10

9.00

803.00

Close

249.00

801.00

247.00



4/7

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Commercial Development Co

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 q

CBOT Wheat q

COMEX Gold p

COMEX Silver p

COMEX Copper p

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

Australia

1,608.20 0.00

METALS

ENERGY

Commodity

22,225.9

Units

0

-26.2

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

0.39%

0.67%

55.9

Russia

Saudi Arabia

Japan

345.35

USD/t oz.

USD/t oz. 0.05

731.50

0.65

28.90

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

12,635.7

Value

14,511.7

1,558.7

USD/bbl.

USd/lb.

USd/lb.

AMERICA

-5.00

10.4

Change

-0.17%-0.18

0

-0.42

Change %

0.20%

Change %

-0.65%

0.29%

-0.32%

-0.35%

1.34%

-0.14%

0.04%

07:03

07:02

07:03

0-Jan

0-Jan

06:51

06:51

Time*

07:03

07:03

07:02

-0.74%

07:03

Company

00-Jan-00

1/0/1900

1/0/1900

6,385.1

Singapore

Switzerland

Thailand

UK

-0.42

-30.6

0

2,683.9

134.15

1/0/1900

1/0/1900

4.34

USA

02:28

-46.4

1/0/1900

Change

-0.92%

167.5

04:01

0

Payment DateDPS (LKR) XD Date

191.55

2.00

0.00 0

To be notified

126.69

0.0033.78

Malaysia

4.10

131.51

20.39

2.33

1.32

40.62

India

Currency

164.05

Indicative Rate

21.03.2013

China

0

USd/bu.

88.95

Price

108.34

93.17

USD/bbl.

101.35

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

To be notified

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

Vallibel Power Erathna [VPEL: LKR5.3]: Mr. W D N H Perera wasappointed as alternate Director to Mr. Buddhika Perera with effect from 22

ndof

February 2013.

Taprobane Holdings [TAP: LKR4.4]: Mr. Ruwan Sugathadasa has beenappointed as General Manager/CEO with effect from 19

thMarch 2013.

Hayleys [HAYL: LKR290.1]: Mr. L R V Waidyaratne will be appointed as aDirector with effect from 1

stApril 2013.

Local News

Sri Lanka plans 500MW coal plant in South West: Sri Lanka state-run Ceylon Electricity Board is planning a500 MegaWatt eco-friendly coal plant in Ahuruwella, Induruwa in the southwest coast, the island's power

ministry said. A power ministry statement quoted power minister Pavithradevi Wanniarachchi as saying that

the plant would use eco-friendly technology and funding is expected from Japan. Industry sources say

funding has been requested from Japan but no decision has been made. Japan had earlier funded a study on

natural gas fired plants. Natural gas prices had fallen in recent years due to new 'fracking' technology from

the US. Japan had expressed willingness to fund a coal plant in Puttalam about a decade ago but the plant

was delayed amid protests and a 300MW plant was later built with Chinese finance and technology in the

location. Another two 300MW plants are being built in Puttlama now.

[Source: www.lbo.lk]

Sri Lanka mass transit system for Colombo studied by Japan: Japan's aid agency is preparing a transportmaster plan for Sri Lanka's capital and its environs leading to the building of a mass transit system which it

could finance, officials said. Tetsuji Iida, senior representative of the Japan International Co-operationAgency told LBO that the transport master plan could come up with various recommendations including bus

lanes, a Metro system or a combination. JICA representative Tatsunori Higuchi said the agency will conduct

origin and destination studies to monitor traffic patterns in the Greater Colombo region and also interview

up to 50,000 commuters and residents as part of developing a transport master plan for the area. He said

plans of Sri Lanka's transport ministry, the urban development and road development agencies would be

brought together in the master plan. The RDA was building a circular expressway around the capital and

plans for elevated city roads are also being explored.

[Source: www.lbo.lk]

Two knowledge parks coming up: Sri Lanka is likely to get two knowledge parks in the future one in theold Tripoli Market in Maradana and another in Hambantota, Defence Secretary Gotabaya Rajapaksa saidyesterday. Speaking at the SLASSCOM CXO briefing, Rajapaksa noted that the one in Tripoli Market would be

set up in response to an industry request and the one in Hambantota was part of a larger plan under the

Hambantota development project. From the UDA we can assist and facilitate such programs if the private

sector comes in. There are many opportunities for the development of such parks,he said. Construction on

the knowledge park in Tripoli Market is likely to start this June and is expected to be ready for an official

opening in late December this year or early next year. While the project at the Tripoli Market is underway,

there is a plan to develop a knowledge park in Hambantota,Rajapaksa said. There are certain requirements

for these companies such as facilities for families and children. That is why we are looking for places close to

Colombo or in the metro Colombo region. The one in Tripoli is the first step. However, we are looking at

constructing another in Hambantota

[Source: www.ft.lk]

Hemas secures land in Ratmalana for fourth hospital: Hemas Hospitals Private Limited, the fully ownedsubsidiary of Hemas Holdings [HHL: LKR27.1] sending a strong signal to sector rivals yesterday revealed

plans to construct its next hospital in Ratmalana, taking into account the areas growing middle class. This


6/7


will take the total number of Hemas hospitals to four. Murtaza Esufally said they had recently purchased one

acre of land to the value of LKR250 mn in an area between Ratmalana and Moratuwa for this purpose. In

fact we see a vast potential in this particular area and a survey carried out prior to the decision too showed

the growing middle income earning population which warrants quality healthcare facilities in Ratmalana,he

said. Speaking on the investment of the project he noted that it will be around USD10 mn (LKR1.3 bn) for a

typical 60-bed hospital similar to the one being constructed at Thalawatugoda.

[Source: www.dailymirror.lk]

Public concerns about economic growth: The latest LMD/Nielsen Business Confidence Survey shows that thepercentage of people concerned about the economy more than doubled in 4th quarter 2012. The proportion

of people indicating that the economy was their biggest or second biggest concern increased from 22% to 46

%. This sharp deterioration in public sentiment reflects the slowing down of the economy that has taken

place following the implementation of the necessary stabilization measures that were introduced a year ago

to address the overheating of the economy. That overheating was due to a combination of misaligned

domestic macroeconomic policies in the wake of the euphoria associated with the war victory and adverse

developments in the world economy.

[Source: www.ft.lk]

Global News

China manufacturing activity speeds up post holidays: Manufacturing activity in China picked up speed inMarch, an initial HSBC survey has indicated, adding to hopes of a sustained recovery in its economy. The

preliminary reading of HSBC's Purchasing Managers Index (PMI) rose to 51.7, from 50.4 in February.

Numbers for March are seen as a true indicator for the sector, as the Chinese New Year holidays skew the

data in January and February. China has been taking measures to boost manufacturing, a big driver of

growth. The PMI is a key indicator of the activity in the sector and a reading above 50 shows expansion.

Qu Hongbin, chief economist for China at HSBC said the rebound in the sector was fuelled by "stronger new

orders and production growth"."This implies that the Chinese economy is still on track for gradual growth

recovery,"he added.[Source: www.bbc.co.uk]

Euro-Area Manufacturing, Services Contract More Than Estimated: Euro-area services and manufacturingoutput contracted more than economists estimated in March, adding to signs the currency blocs economy is

struggling to emerge from a recession. A composite index based on a survey of purchasing managers in both

industries fell to 46.5 from 47.9 in February, London- based Markit Economics said today. Economists had

forecast a reading of 48.2, according to the median of 23 estimates in a Bloomberg survey. A reading below

50 indicates contraction. The economy is unlikely to contract as sharply in the first quarter, said Ben May,

European economist at Capital Economics Ltd. in London. But the big issue at the moment is clearly Cyprus.

The European economy is still very fragile and it may not take much to stall any recovery in the coming

months. The euro-area economy has contracted for five straight quarters and is forecast to shrink 0.1percent in the first three months of 2013 before returning to growth, the median of 24 economists

estimates in a separate Bloomberg survey shows. The European Central Bank forecasts the economy will

contract 0.5 percent this year.

[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

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

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 veri fied and no guaranty, representation

or warranty, express or implied is made as to its accuracy, completeness or correctness. All such information and opinions are su bject to change without notice. This

document is for information purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and

this document is not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell 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 to 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

related to such securities. Softlogic Stockbrokers (Pvt) Ltd may have recently underwritten the securities of an issuer mentioned herein. This document may not be

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daily trade journal - 21.03.2013.pdf

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