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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]
Friday, April 11, 2014
830.1
% ChangePoint ChangeToday
25.5
540.6
0.28 %
0.06 %
2,551.3
+ 17.29
+ 1.92
6,092.34
3,346.92
3.0%
2.5%
40.9
YTD Performance
S&P SL 20 Index
ASPI
S&P SL 20 Index
ASPI
182.8
-8.3
228.6
45.7
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 11.04.2014
Indices rebounded to gains: The benchmark index
denoted a volatile path as it rebounded to an
intra-day high of 6,096.52 (+21 points) after having
dipped to an intra-day low of 6,064.30 during early
trading. Investor activity picked up amidst a rally in
value counters in the backdrop of the World Bank
having expressed optimism on the Sri Lankan
economy well above its South Asian peers with a
growth forecast of 7.3% for 2014E. Sri Lanka
Telecom (+3.5%), Lanka IOC (+4.7%) and Lion
Brewery (+2.4%) weighed positively on indices. The
S&PSL20 index ended broadly flat.
Crossings in heavyweights JKH & CTC: John Keells
Holdings spearheaded the turnover supported by
two blocks carrying c.316k shares at LKR238.0 while
a few mid-sized on board blocks were transacted
at a similar price. Ceylon Tobacco Company
encountered a block of 30k which was crossed off
at LKR1,050.0.
Value counters rallied ahead of the earnings
season: Manufacturing and Energy sectors
underscored gains with selected value counters
trading at 52-week high levels. Activity levels
spiked up in Lanka IOC as it gained 5.4% at its
intra-day high of LKR43.1while Textured Jersey
Lanka touched a new 52-week high price of
LKR16.7 (+1.2%). Both counters emerged to the top
turnover slot amidst robust volumes. Laugfs Gas
Voting and Non-Voting gathered focus as each
touched new 52-week high levels of LKR35.8
(+4.9%) and LKR28.7 (+4.4%) respectively. Tokyo
Cement Voting and Non-Voting extended their
rally at 52-week high levels while renewed interest
was seen in F&B players; Renuka Agro Foods and
Ceylon Cold Stores.
Improved retail activity: Retailer sentiment
witnessed an improvement with majority of activity
surrounding Lanka IOC, Laugfs Gas [Non-Voting],
Blue Diamond [Non-Voting] and Textured Jersey
Lanka.
Indices rebounded as value
counters rallied ahead…
Statistical Look Up
Treasury Bill (%) 11.04.2014
6.63
6.80
7.04
8.64
Inflation (%) Mar-14 4.2
5.7
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 q
Land & Property q
Manufacturing p
Plantation q
Telecom p -0.72%
1.25%
0.78%
3.24%
% WoW
ChangeLast Week
0.68%
-41.02%
-98.98%
-104.48%
387.5
50.58%
50.58%
22.66%
1.82%
-48.32%
5.16%
0.68%
0.72%
0.62%
213
2,534.12,542.7
20.8
-89.28%
-89.28%
% WoW Change
Last Week
5,041.7
38.6
0.98%
-0.53%
0.28%
13,553.6
% Change
0.34%
9788.82%
2.9
228.6
540.6
2,551.3
2.0
16.2
25.5
224
182.8
2.0
45.7
16.3
2.9
2.01%
2.0
4,469.9
-4,082.4
852.7
1.21%
19,404.9
591.2
247.50%
6,092.3
3,346.9
Week ending
0.40%
13.2
1.8
Change %
6,075.1
3,345.0
0.34%
Pre Day
0.06%
359.0
2.7
220
0.00%
4.1
0.34%
19,287.5
1,837.0
3,219.8
6,054.6
3,323.1
49.3
0.68%
0.00%2.9
16.2
1422.49%15.0
2,796.3
1,815.7
0.39%
0.08%
0.08%
2,818.9
176.5179.8 181.11.83%
2,947.8
19,302.9
2,830.2
1,838.4
13,606.9
Pre Day
832.9 827.9
Today
0.61%
13,474.9
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 11.04.2014
Today
-22.51
-2.31%
716.2 716.3 -0.02% 710.0 0.87%
2,889.6
3,187.9
-0.20%
3,212.6
610.3
0.29%2,939.2
611.5
-0.22%
5700
5800
5900
6000
6100
6200
Ind
ex
ASPI
3100
3150
3200
3250
3300
3350
3400
Ind
ex
S&P SL20
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
0
1,000
2,000
3,000
4,000
5,000
6,000
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
JKH
LANKA IOC
CEYLON TOBACCO
TEXTURED JERSEY
RENUKA AGRI
Most Active
1,089.00
152.00
98.00
570.10
9.10
Turnover (LKR)
Close
238.00
1,050.00
236.50
Intraday
Low (LKR)
1.7%
138.00
46.10
64.20
152.00
570.00
64.20
BLUE DIAMONDS[NON VOTING]
28,239,826
64,906,440
43,535,858
1.54
1.54
7.11
2.5% 64,906,440
22,230,038
2.5%
1.71
7.11
3.53
1.1%
0.9%
0.2%
Contribution to Total T/O
3,884,514
28,239,8261.1%
Volume (mn)
0.9%
0.00%
3.50 2,487,534
22,230,038
1.10
16.50
% Change
0.71PIRAMAL GLASS 0.1%
3.10
1050.00
4.65%
RENUKA AGRI
TEXTURED JERSEY
0.00%
0.00%
0.00%
0.00%
0.00%
40.90
Pre Day
3.10
3.50 0.00%
LANKA IOC
Company
365.10
Turnover
USD ('000)
Turnover
LKR ('000)
365.70
1,994.00
126.80125.00
Company
% of
Mkt Cap
57.58
48.00
1
16,395
JOHN KEELLS HOLDINGS 621,194
578.000.44
2.8%
1,994.00
2.3%
48.00
9.2%
7.7%
LOLC
AITKEN SPENCE 98.00
2.4% 0.86
779.27
152.00
76.79
1.99
0.59
0.02
4.0%
1.6%
1.4%
101
18,701
1,780 2.07270.561.9%
1.30
14,105
205.00
77.00
333.42
1,994.00
127.00
1,381.93
5.97
1
1,510
0.08
10.58
8,891.19 68.09
1,049.10
147,843.08
Intraday
High (LKR)
238.20
141.00
9.20 9.00
152.00
21,346.69
6.29
138.001.60
77.00
2.68
203.10
77.00
202.00112.23
150.50
182.00 183.40
151.20
183.90
64.20
163.49
0.05
350.04
0.00%238.00 5.8%0.62
Volume (mn)% Change
11.70%
Change % Change Change
147,843,077
Turnover (LKR)
14.29%
50.00% LANKA CENTURY [W0006] 0.30
Contribution to Total T/O
Today
9.08% CARGO BOAT
Pre Day
-6.76%
-7.97%
-7.69%
4.65%40.90
0.04
1.7116.50
208.43
41,459 43,535.86
Volume
1,132.27
70,562
170.22
0.00
368.00210
553
97.80
CEYLON TOBACCO
CARSON CUMBERBATCH
NESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
BUKIT DARAH
DISTILLERIES
4.2%
2.9%
3.4%
HNB [V]
DIALOG AXIATA
1.2%
HUNTERS
CEYLON LEATHER [W0013] 0.30
ORIENT GARMENTS
+ 0.100.80
+ 24.40
+ 0.10
+ 5.70
SAMPATH BANK
ASIAN HOTELS & PROPERTIES
1.6%
1.1%
1.2%
98
2,323
116,902
DFCC BANK
CARGILLS
+ 1.10
40.90
293.00
10.50
CIFL
G S FINANCE
Company Today Today % Change
BIMPUTH FINANCE
- 0.10
- 6.50
53.10
652.10TEA SERVICES
1.20MULLERS
- 4.60
- 0.10
- 47.30
103.50
Company
-25.00%
Company
16.19%
Today
-5.91%
238.00
42.80
1050.00
16.50
3.10
3.10
1.10
16.50
42.80
Softlogic Equity Research Page | 3.
Currency Board CSE Announcements
Local - Indicative Rate against LKR Dividends
Company
Central Finance Company
Dollar 0
Yuan 0
Euro 0
Rupee 0
Yen Rights Issues / Scrip Dividend / Sub division / Capitalization
Pound Company
Dollar Bimputh Finance
Source: www.cbsl.gov.lk 00
New Listing
Company
Key Corporate Diclosures
Material Dealings by Related Parties of Listed Companies
Company
Global Markets
q
q
q
q
* Time is as at ET Source: www.bloomberg.com
Commodity Markets
Crude Oil (WTI) q
ICE Cotton #2 p
CBOT Wheat p
COMEX Gold p
COMEX Copper p
* Time is as at ET Source: www.bloomberg.com
Time*
6,562.5
USd/bu.
89.38
Price
103.15
3,117.6
02:28
-79.5
Change
0.59%
Change %
0.08%
-0.24%
-2.38%
00-Jan-00
00-Jan-00
Renunciation
00-Jan-00
0.00 1/0/1900
02-06-2014
1/0/1900
Right Issue130.57 12-05-20141 for 1
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
11-04-2014
UK
1/0/1900
Description
0.00
219.02
EU
0.00 0122.53
0
XR Date
XD Date
09-04-20140.85
Japan
Australia
China
0.01%
06:10
06:11
0.40%
06:10
06:10
-0.25
1.80
USD/bbl.
Change
-1.62%
Change %
Bairaha Farms has decided to colloborate in a new project to set up a large scale state of the art commercial animal food manufacturing
factory together with raw material procrument and modern post-harvest storage facilities
06:09
16:15
06:24
06:24
Time*
-1.20%
-1.12%
-340.1
0
0 0 0 0 0.00
Name Date
NO MATERIAL DEALINGS.
Relationship
Index
Dow Jones Industrial Average
EUROPE
EURO STOXX 50 Price EUR
Value
16,170.2
0
Transaction Quantity
0
Price (LKR)
0 0 0 0.00
USd/lb.
USd/lb.
AMERICA
0.50
METALS
1,320.60 0.10
-35.3
0.36
306.30
USD/t oz.
662.75
ENERGY
Commodity Units
-267.0
AGRICULTURE
Nikkei 225
ASIA
FTSE 100 Index
13,960.1
0
1/0/1900
21.02
2.17
1.29
India
Currency
181.43
Indicative Rate 11.04.2014
00
Proportion
00-Jan-000.00
USA
0.00
DPS (LKR) Payment Date
Softlogic Equity Research Page | 4.
TOP STORIES
Local
Global
Sri lanka Softlogic Holdings downgraded by Fitch
Sri Lanka's Softlogic Holdings Plc, has been downgraded by one notch from 'A-(lka)' to 'BBB+(lka)' which is still in the
investment grade, with a 'stable; outlook by Fitch. "The downgrade reflects Fitch's expectation of a sustained weakness in
SHL's financial profile at the holding company level, primarily because of debt-funded capital injections into the company's
financial services, leisure and expanding retail subsidiaries, " the rating agency said.
China’s Inflation Stays Below Target as Producer Prices Drop
Consumer inflation in China remained below the government’s target in March while factory-gate deflation deepened,
giving Premier Li Keqiang more scope to roll out measures to support growth. The consumer price index rose 2.4 percent
from a year earlier, the National Bureau of Statistics said today in Beijing, matching the median estimate of economists in a
Bloomberg News survey. The producer price index fell 2.3 percent, after a 2 percent drop in February, extending the decline
to 25 months.
Property Trust Sales Drop 49% as Vicious Loop Seen: China Credit
Chinese developers raised 49 percent less through trusts in the first quarter as the collapse of Zhejiang Xingrun Real Estate
Co. highlighted default risks. Issuance of property-related trusts, which target wealthy investors, slid to 50.7 billion yuan
($8.16 billion) from 99.7 billion yuan in the fourth quarter, data compiled by Use Trust show. The yield on AA rated five-year
bonds has climbed 175 basis points in the past year to 7.23 percent, according to Chinabond. That compares with 2.74
percent on corporate securities globally, Bank of America Merrill Lynch indexes show.
[Source: www.ft.lk]
[Source: www.lbo.lk]
[Source: www.lbo.lk]
[Source: www.lbo.lk]
[Source: www.bloomberg.com]
[Source: www.bloomberg.com]
WB tips Lanka to lead South Asia’s growth; flags off key risks too
The World Bank expects Sri Lanka to lead South Asia in economic growth this year benefitting from recent rebound and
enhanced capacity but the country faces many risks to the positive outlook. “Sri Lanka would continue to grow at 7.3% this
year as the economy was sustained by new capacity from infrastructure investments and rebuilding after the country’s
recent conflict, ” the World Bank said in its twice-a-year ‘South Asia Economic Focus’ released yesterday.
Sri Lanka's CEB posts profits in 2013, with rains, tariff hike
Sri Lanka Ceylon Electricity Board has made operating profits of 24.6 billion rupees in 2013, the Central Bank said, amid
reports that it had lost 24.3 billion rupees in the first quarter of 2014 due to a drought. The 2013 profit was an
improvement on the 2012 loss of 62.1 billion rupees helped by a 2.5 billion rupee monthly increase in revenues from a tariff
hike. The total fuel bill had fallen 30.8 percent to 29.4 billion in 2013 despite a increase of 25 rupees a litre due to higher
hydro power generation, the Central Bank's annual report said.
Sri Lanka generates one third of electric energy from coal
With a second 300 MegaWatt power plant beginning test runs, more than one third of Sri Lanka's daily electricity needs are
now being generated from coal-fired energy, official data show. On the April 09, out of the daily energy requirement of 35.6
GigaWatt hours (millions of units of electricity), 35.6 percent came from coal. On April 08, 36.8 percent came from coal.
Softlogic Equity Research Page | 5.
Softlogic Equity Research
Kavindu Ranasinghe
+94 11 7277031
Imalka Hettiarachchi
+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] Krishan Williams
+94 11 7277053, +94 77 7348018 No. 121, St. Joseph Street Negombo
Chandima Kariyawasam +94 31 2224714-5, +94 77 3569827
+94 11 7277058, +94 77 7885778 Kurunegala
No.13, Rajapihilla Mawatha, Kurunegala
Thanuja De Silva
+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 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 Stockbrokers may 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
reproduced, distributed, or published for any purposes.
Softlogic Equity Research Page | 6.
