daily trade journal - 24.10.2013

7/27/2019 Daily Trade Journal - 24.10.2013

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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]

5.2%

5.8%

36.4

21.9

22.8

110.3

88.3

ASPI

S&P SL 20 Index

+ 35.50

+ 4.58

5,936.40

3,263.76

ASPI

YTD Performance

S&P SL 20 Index

Thursday, October 24, 2013

834.4

% ChangePoint ChangeToday

40.6

516.8

0.60 %

0.14 %

2,468.6

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 24.10.2013

ASPI bounced from the support zone: The benchmark

index depicted an upward trend backed by gains in

John Keells Holdings (+3.29%), Finlays Colombo

(+18.71%), Sri Lanka Telecom (+2.06%) and Ceylinco

Insurance (+3.92%) and closed at 5936.40 gaining 35

points. The S&PSL20 too journeyed on a similar path

and ended with a gain of 18 points. Crossings on DIAL and UBC: Renewed off board

interest was seen in Dialog Axiata and Union Bank of

Colombo where the former recorded a single

crossing of 4.6mn shares at LKR8.9 and the latter

crossed a single block of 2mn shares which changed

hands at LKR17.0. Dialog Axiata denoted notable on

board interest and was within the top turnover slot

supported by two transactions accumulating to

1.1mn shares and ended at LKR8.9 (+1.14%). UBC

depicted significant investor interest and topped the

on board turnover with many medium size blocks.

The counter settled at LKR18.6 with a notable intra-

day gain of 14.81%.

Price appreciation in JKH: John Keels Holdings

continued to attract investor interest as it was heavily

active during the day and the counter was among

the top turnover slot and denoted a significant price

appreciation of 3.29%. John keels Holdings (Rights)

witnessed considerable on-board interest and closed

at LKR67.1 with a sizable gain of 31.31%. National

Development Bank and Royal Ceramics Lanka alsosaw some interest and closed at LKR153.0and

LKR90.1 respectively. Concentrated retail interest: Retail investor interest

surrounded Touchwood Investments, Swarnamahal

Financial Services and HVA Foods.

Market on an upward trend

led by JKH…

.



Statistical Look Up

Treasury Bill (%) 25.10.2013

8.56

9.11

10.02

11.69

Inflation (%) Sep-13 6.2

7.8

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 q

Construction & Engineering q

Diversified p

Healthcare p

Hotels & Travels p

Land & Property p

Manufacturing p

Plantation p

Telecom p

-0.28%

733.1 724.9 1.13% 741.5 -1.13%

2,920.2

3,261.7

0.65%

3,242.5

573.8

0.54%2,885.2

570.1

0.45%

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 23.10.2013

Today

-16.20

2,900.7

19,649.7

2,820.1

1,781.2

12,838.2

Pre Day

705.9 696.3

Today

1.37%

12,818.3

161.2

2,832.0

19,866.8

582.3

158.7 161.41.59%

19,689.5

1,752.9

3,228.1

0.89%

118.90%

-3.80%

-0.67%

-1.37%

-0.67%

237

2,485.3

5,976.5

3,309.0

18.6

-1.30%

0.00%2.6

15.9

Week ending

-0.42%

114.5

32.6

Change %

5,900.9

3,259.2

0.79%

Pre Day

0.14%

481.2

3.7

221

0.00%

4.0

0.60%

5,936.4

3,263.8

7.41%

7.41%52.90%

3.17%

-0.67%

2.2

157.1

-27.9

707.9

1.62%

12,740.1

% Change

0.20%

-32.79%

-25.04%

-22.84%

147.1

2,795.1

1,800.1

0.77%

-0.20%

2.6

110.3

516.8

2,468.6

2.2

15.9

40.6

228

21.9

2.2

88.3

16.0

2.6

2,453.9

26.6

-5.29%

-5.29%

% WoW

ChangeLast Week

545.7

4.2

0.15%

-1.09%

0.60%

-0.12%

-1.05%

-0.59%

-1.46%

% WoW

ChangeLast Week

0.55%

-14.68%

-43.76%

-178.60%

129.2

5600

5700

5800

5900

6000

I n d e x

ASPI

3150

3200

3250

3300

3350

I n d e x

S&P SL20

0.0

20.0

40.0

60.0

80.0

100.0

120.0

0

500

1,000

1,500

2,000

2,500

3,000

V o l u m e ( ' m n )

T u r n o v e r L K R ( ' m n )

Turnover Volume

Softlogic Equity Research Page | 2.



High Index Calibre ≥ USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

UNION BANK

JKH[RIGHTS]

DIALOG

JKH

CENTRAL FINANCE

Most Active

18.60

67.10

8.90

220.00

190.10

18.60

0.80

8.90

1.50

Company

25.00%

Today

-4.55%

FINLAYS COLOMBO

ENVI. RESOURCES [W0003]

Company Today Today % Change

SOFTLOGIC CAP

- 8.00

- 0.20

4.50

1.80CEYLON LEATHER [W0014]

19.90KELSEY

- 0.30

- 1.30

- 0.10

4.20

Company

-7.62%

1.4%

UNION CHEMICALS

S M B LEASING [X] 0.40

SWARNAMAHAL FIN

+ 46.80297.00

+ 58.00

+ 0.10

+ 0.10

SAMPATH BANK

ASIAN HOTELS & PROPERTIES

1.3%

1.3%

1.2%

100

56,04635,735

DFCC BANK

CARGILLS

+ 0.40

0.50

420.00

2.60

8.5%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

BUKIT DARAH

DISTILLERIES

4.3%

2.9%

0.00

36 40.33

Volume

231.71

39,669

51,846.02

4.87

380.003,143

4,274

112.00

31.31%51.10

5.83

0.14213.00

14.81%16.20 5.1%7.25

Volume (mn)% Change

18.18%

Change % Change Change

126,162,446

Turnover

(LKR)

18.71%

33.33% COLOMBO FORT INVESTMEN 97.00

Contribution to

Total T/OToday

16.02% TOUCHWOOD

Pre Day

-5.26%

-6.25%

-6.13%

124.006,254.00

7.29

157.000.00

60.00

52.86

190.00

60.00

190.00812.06

122.00174.20 175.00

124.00176.00

72.90

0.31

1,959.50

117.70

1,145.05

1.99

10,611

0

636.76

8.76

LOLC

AITKEN SPENCE 114.50

2.3% 6.21

259.83

147.90

1,188.202,386.86

9.0918.25

3.8%

1.8%

1.2%

5,182

5,825,435

3,515 3.92512.601.9%

396.49

10,201

190.00

60.10

378.00

2.9%

HNB [V]

1,960.00

117.50117.40

Company

% of

Mkt

Cap

3,423.34

40.00

1,218

6,600

JOHN KEELLS HOLDINGS 138,744

690.00

9.00DIALOG AXIATA

26.18

3.0%1,960.00

2.7%

8.80

39.70

7.6%

Turnover

USD ('000)

Intraday

Low

(LKR)

Turnover

LKR ('000)

4,661.11 35.65

1,120.00

30,299.11

Intraday

High (LKR)

223.00

378.00

190.50

8.80

0.00%

UNION BANK

DIALOG

3.29%

14.81%

0.00%

1.14%

-0.21%

1.50

Pre Day

16.20

4.40 -4.55%

PCH HOLDINGS

Company

1.14%

4.20 8,117,318

15,672,205

0.80

8.80

% Change

1.92TOUCHWOOD 0.3%

S M B LEASING

30,299,115

91,105,584

51,846,019

2.71

1.51

0.08

0.2% 4,070,465

126,162,446

3.7%

5.83

7.25

6.91

1.2%

0.6%

0.2%

Contribution to

Total T/O

5,528,119

51,846,0192.1%

Volume (mn)

5.1%

Turnover

(LKR)

Close

220.00

1,120.20

213.00

2.1%

0.00

38.30

72.90

145.70

660.00

72.90

0.00

47.83

0.06

6,911.72

146.60

112.10

660.30

8.90

1,120.40




Currency Board CSE Announcements

Local - Indicative Rate against LKR Dividends

Company

No Dividend Annoucements

Dollar 0

Yuan 0

Euro 0

Rupee 0

Yen Rights Issues / Scrip Dividend / Sub division / Capitalization

Pound Company

Dollar 0

Source: www.cbsl.gov.lk 00

New Listing

Company

Key Corporate Diclosures

Material Dealings by Related Parties of Listed Companies

Company

Global Markets

q

p

p

p

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

Commodity Markets

Crude Oil (WTI) p

ICE Cotton #2 q

CBOT Wheat p

COMEX Gold p

COMEX Copper p

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

0

1/0/1900

21.50

2.12

1.34

India

Currency

180.28

Indicative Rate

24.10.2013

00

Proportion

00-Jan-000.00

USA

0.00%

DPS (LKR) Payment Date

USd/lb.

USd/lb.

AMERICA

1.25

METALS1,337.90 3.90

12.2

-0.57

326.85

USD/t oz.

703.00

ENERGY

Commodity Units

-54.3

AGRICULTURE

Nikkei 225

ASIA

FTSE 100 Index

14,486.4

Name Date

NO DEALING BY DIRECTORS

Relationship

Index

Dow Jones Industrial Average

EUROPE

EURO STOXX 50 Price EUR

Value

15,413.3

0

Transaction Quantity

0

Price (LKR)

0 0 0 0.00

USD/bbl.

Change

-0.35%

Change %

Union Bank of Colombo has informed that it has received an indication of interest from a global institution in making an investment in the

bank. A decsion by the said to make an investment if any will be made only upon the completion of a detailed due diligence study.

06:08

16:32

06:23

06:23

Time*

0.44%

0.40%

60.4

0

0 0 0 0 0.00

0.29%

06:07

06:08

-0.71%

06:28

06:07

0.34

0.10

Japan

Australia

China

UK

1/0/1900

Description

0.00

211.72

EU

0.00 0126.20

0

XR Date

XD Date

00.00 1/0/1900

0 -

- 0 1/0/1900

1/0/1900 1/0/1900 0.00%

0

Type of Security Code

1/0/1900 1/0/1900

Board Offer Price

00-Jan-00

00-Jan-00

Renunciation

00-Jan-00

0.00 1/0/1900

1/0/1900

1/0/1900

0130.76 1/0/19000

1/0/1900

Time*

6,704.0

USd/bu.

80.12

Price

97.20

3,029.3

02:28

29.5

Change

0.03%

Change %

0.18%

0.35%

0.42%




TOP STORIES

Local

Global

Euro-Area Services, Manufacturing Unexpectedly Slow

Euro-area services and manufacturing output unexpectedly slowed in October as the recovery in the currency bloc struggled

to gain momentum. A composite index based on a survey of purchasing managers in both industries declined to 51.5 this

month from 52.2 in September, London-based Markit Economics said today. Economists had forecast the indicator would

rise to 52.4, according to the median of 24 estimates in a Bloomberg News survey. A reading above 50 indicates expansion.

[Source: www.lbo.lk]

[Source: www.ft.lk]

[Source: www.dailymirror.lk]

[Source: www.lbo.lk]

[Source: www.bloomberg.com]

[Source: www.bloomberg.com]

Sri Lanka too reliant on foreign borrowings: Fitch

Sri Lanka is too reliant on government foreign borrowings and foreign currency risks are also rising for borrowers who may

not have forex revenues, Fitch Ratings has said. Sri Lanka has been unable to attract high levels of foreign directinvestments since the end of a war with FDI averaging 1.2 percent of gross domestic product since a war ended in 2009. The

state foreign debt burden was now 57 percent of gross domestic product (GDP), which was much higher than all other Asian

emerging markets except Mongolia.

Rupee under appreciation pressure: CB

The rupee, which hit a record low at end August, is under appreciation pressure and the Central Bank has been intervening

to curb a sharp rise, the Central Bank Governor said on Wednesday. The rupee has been trading at more than a three-

month high of 130.70/75 to the dollar, after having appreciated 3.42% since it hit a record low of 135.20 on 28 August.

“There is actually more appreciation pressure than depreciation pressure at the moment ,” Governor Ajith Nivard Cabraal

told Reuters.

Sri Lanka targets US $ 2bn FDIs from CHOGM

Sri Lanka’s investment promotion bureau, the Board of Investment (BoI), said it would expect at least US $ 2.0 billion worth

of foreign direct investments (FDIs) in 2014 from the Commonwealth Heads of Gover nment Meeting (CHOGM) alone. BoI

Director Promotion Dilip S. Samarasinghe said they were expecting at least 1,000 delegates from 60 countries to the

Commonwealth Business Forum (CBF), the biggest business forum ever held in Sri Lanka along with the CHOGM.

Sri Lanka Cairn could start field development by 2015: official

Cairn Lanka, a unit of Cairn India, which has found natural gas in its off-shore block in Sri Lanka could begin field

development by 2015 if ongoing talks over pricing is concluded, an official said. Cairn Lanka is now in talks with Sri Lanka's

government over gas pricing and is continuing to appraise its gas finds. Micheal Quinn, Cairn's head of International

Exploration & New Ventures told a forum in Colombo that once agreement is reached with the government Cairn expects to

conduct more studies and begin field development by 2015.

China’s Manufacturing Strengthens in Boost to Recovery: Economy

China’s manufacturing strengthened more than anticipated this month, a sign the recovery is gaining momentum even asleaders struggle with surging home prices and local-government debt. The preliminary 50.9 reading for a Purchasing

Managers’ Index (EC11FLAS) released today by HSBC Holdings Plc and Markit Economics compared with a 50.4 median

estimate from analysts surveyed by Bloomberg News. Readings above 50 indicate expansion.




Softlogic Equity Research

Dimantha Mathew

[email protected]

+94 11 7277030

Kavindu Ranasinghe

[email protected]

+94 11 7277031

Imalka Hettiarachchi

[email protected]

+94 11 7277032

Branches

Softlogic Equity Sales Horana

Madushanka Rathnayaka

Dihan Dedigama No. 212, 1st

Floor, Panadura Road, Horana

[email protected] [email protected]

+94 11 7277010, +94 77 7689933 +94 34 7451000, +94 77 3566465

Eardley Kern Negombo

[email protected] Williams

+94 11 7277053, +94 77 7348018 No. 121, St. Joseph Street Negombo

[email protected]

Chandima Kariyawasam +94 31 2224714-5, +94 77 3569827

[email protected]

+94 11 7277058, +94 77 7885778 Kurunegala

Bandula Lansakara

Sonali Abayasekera No.13, Rajapihilla Mawatha, Kurunegala

[email protected] [email protected]

+94 11 7277051, +94 77 7736059 +94 37 2232875, +94 77 3615790

Thanuja De [email protected]

+94 11 7277059, +94 77 3120018

The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled or arrived at based upon information obtained from sources

believed to be reliable and in good faith. Such information has not been independently verified and no guaranty, representation or warranty, express or implied is made as to its accuracy,

completeness or correctness. All such information and opinions are subject to change without notice. This document is for information purposes only, descriptions of any company or companies or

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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

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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

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daily trade journal - 24.10.2013

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