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7/30/2019 Daily Trade Journal - 16.05.2013
1/6
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]
11.4%
14.5%
ASPI
S&P SL 20 Index
+ 65.88
+ 33.03
6,287.00
3,531.37
ASPI
Thursday, May 16, 2013
871.7
% ChangePoint ChangeToday
58.6
1,881.2
1.06 %
0.94 %
2,414.2
YTD Performance
S&P SL 20 Index
40.2
85.1
10.7
1,275.3
1,190.2
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 16.05.2013Index jumps 66 points: The Colombo stocks saw a
continuous uptrend today driven by the large cap
counters regaining institutional, high net worth and
foreign interest. The surge in the index was heavily
weighted upon John Keells Holdings, Ceylon
Tobacco Company, Lanka Orix Leasing, Commercial
Bank and Hatton National Bank. 146 counters
contributed positively for the index as against 65 that
contributed negatively. The gain S&P SL20 index was
just under 1.0% while turnover for the day rushed to
LKR1.8bnAitken Spence led the crossings board: Aitken
Spence, conglomerate with heavy exposure to the
leisure sector recorded 2 large crossings accounting
for 7.1mn shares dealt at LKR132.6. The transactions
contributed 50% to the days turnover. During the
same time period the counter recorded two on-
board blocks of 208k and 102k shares at a similarprice. The counter closed the day on a negative note
at LKR133.0 (-1.4%). The day saw 10 crossings in total
with 2 crossings in Commercial Bank, 3 in Piramal
Glass and 1 in Dialog.JKH, JINS and OSEA reach 52-week highs out of the
top performers: John Keells Holdings renewed its 52-
week high to LKR278.5 as the counter today closed at
an all-time high closing price of LKR278.0 on adjusted
price basis. The counter which trades at expensive
valuations is rich in foreign and local interest. Both
Janashakthi Insurance and Overseas Reality reached
52-week high prices of LKR14.2 and LKR17.3
respectively.Retail interest moderate and on selected counters:
Retailers were slow today to enter the market as most
remained on the sidelines. However, retail interest was
noted in Janashakthi Insurance, Sanasa Development
Bankand Regnis.
Bourse gains wi th big caps
in the green
7/30/2019 Daily Trade Journal - 16.05.2013
2/6
Statistical Look Up
Treasury Bill (%) 17.05.2013
8.75
9.91
10.84
13.48
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 q
Hotels & Travels p
Land & Property p
Manufacturing p
Plantation p
Telecom p
713.6 714.8 -0.17% 716.8 -0.45%
830.7 827.4 0.40% 814.3 2.01%
3,025.7
3,591.6
2.02%
3,622.0
611.7
1.59%3,004.9
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 16.05.2013
Today
1.30
174.4
2.1
3,052.6
17,588.9
2,968.3
2,095.5
14,085.7
Pre Day
0.00%
172.7 171.41.00%
14,231.8
17,432.9
2,078.9
3,569.9
599.6
1.46%
3,041.7
2,067.0
1.22%
0.89%
1.32%
0.80%
2,929.7
17,378.4
601.3
1,088.8
228.9
859.9
Change %
6,221.1
3,498.3
2.1
1.25% 16.9
Pre Day
Week ending
-2.42%
-20.79%
-2.33%
0.96%
0.14%
0.77%
258
2,391.2
6,238.7
3,526.5
74.0
0.96%
0.00%
0.94%
2,414.2
2.1
1,275.3
10.93%
10.93%19.45%
-0.40%
14.958.6
252
3,531.4
1,695.9
13.4
253
1,881.2
1.25%
17.13%
420.01%
Today
85.1
2.3
1,190.2
17.0
6,287.0
2,384.5
49.1
-11.99%
-11.99%
% WoW
ChangeLast Week
2,137.5
16.9
-1.03%
1.21%
1.06%
1.77%
1.38%
0.85%
1.72%
% WoW
ChangeLast Week
0.96%
96.19%
161.06%
-56.17%
650.0
0.89%
2.3
455.9
194.1
13,915.8
% Change
1.24%2.3
-90.11%
16.8
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.
7/30/2019 Daily Trade Journal - 16.05.2013
3/6
High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
AITKEN SPENCE
COMMERCIAL BANK
PIRAMAL GLASS
JKH
DIALOG
Most Active
185.00 + 35.40 23.66% SERENDIB LAND 1,200.00 - 599.90 -33.33%
-5.88%
-7.41%
-20.00%
-12.00%
76.20
14.00
101.60
+ 8.10
1.00
Today Pre Day
6.90
134.90
9.50
+ 3.60
DISTILLERIES
22,235
113,207
PIRAMAL GLASS 6.90
Company
12,142
90,837
3,586
PALM GARDEN HOTL
BOGALA GRAPHITE
Company Today
1.5%
SIGIRIYA VILLAGE
MERC. SHIPPING
1,323,423
3,307.05
582.69
7,136 5,962.16
1.3%
Change
26.00
Company% of
Mkt CapVolume
544.90
11.11%
12.00%
116.60
0.00%
1.6%
2.3%
Change
- 0.10
- 0.60
- 6.80
- 0.10
% Change
227.00
274.20
9.50
6.90
ENVI. RESOURCES [W 0003]
+ 1.50
S M B LEASING [X]
73.00
148.90
1,890.00
116.60
446.001,890.00
12,320.81
2,232.88
3.8%
2.2%
1.2%
799
5,526,765
72,315
7,565,959
4.2%
184.00
62.50
3.2%
184.00
62.20
445.80
3.2%
47.25
1,890.00
116.70
1,003,427.84
25.82
LOLC
AITKEN SPENCE 136.00
2.3% 17.70
3,257.63
172.00
138.16582.12
1.094.61
445.50
720.00
9.60
JOHN KEELLS HOLDINGS 247,795
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 584
1.6%
310308
75,633
9.9%
6.6%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.6%
3.0%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
Turnover
USD ('000)
0.4016.07%
Intraday
Low (LKR)
Turnover
LKR ('000)
152,971.36
5,539.44
1,212.27
4.53
830.00
68,757.87
Intraday
High (LKR)
278.50
7,952.01
147.00
224.50
132.60
181.50
44.00
9.40
% Change
42.63
97.64
571.54
52,533.25
43.90
Today
11.89%
Turnover
(LKR)
162.10
416.32
4.62
115.50
59.50
162.00
42.70
25,504.50
73.00
225.80
168.00
43.10
710.20
73.00
85.00
1.60
TodayCompany
163.50
CHEMANEX
4.40
202.12
0.34
1,003,427,839
52,533,248
26.21
JANASHAKTHI INS.
CEYLON LEATHER [W 0013]
Pre Day
-1.41%134.90 41.6%7.57
Volume (mn)% Change
12.00%
+ 11.20 12.39%
133.00
CompanyContribution to
Total T/O
149.50
2.2%
1.8%
5.53
11.00
7.57
12.50
1.39%115.00
11.00
0.251.39%
3.24
0.00%
-1.41%
1.05%
2.8%
2.2%
41.6%
Contribution to
Total T/O
43,601,577
1.05%
0.90
JANASHAKTHI INS. 14.00
6.90
278.00
9.60
DIALOG 9.60
AITKEN SPENCE 133.00
% Change
S M B LEASING
1,003,427,839
68,757,873
52,533,248
152,971,364
75,901,331
5.09
1.32
5.53
0.2% 4,579,935
75,901,331
6.3%
Volume (mn)
3.1%
Turnover
(LKR)
3.1%
171.00
133.00
714.00
9.60
845.00
Close
278.00
845.00
275.00
Softlogic Equity Research Page | 3.
7/30/2019 Daily Trade Journal - 16.05.2013
4/6
Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar Printcare 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
q
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
Australia
1,373.30 -22.90
METALS
ENERGY
Commodity
23,082.7
Units
0
2.8
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.40%
0.51%
60.4
Russia
Saudi Arabia
Japan
323.55
USD/t oz.
USD/t oz. -0.45
696.25
-2.95
22.21
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
15,037.2
Value
15,275.7
1,658.8
USD/bbl.
USd/lb.
USd/lb.
AMERICA
2.50
8.4
Change
-0.78%-0.67
0
-0.64
Change %
-0.90%
Change %
0.36%
-1.98%
-0.09%
-0.68%
-0.39%
0.17%
-1.64%
07:24
06:59
07:04
0-Jan
0-Jan
07:14
07:15
Time*
06:58
07:04
07:04
0.19%
07:04
Company
00-Jan-00
1/0/1900
1/0/1900
6,706.6
Singapore
Switzerland
Thailand
UK
-0.09
38.4
0
2,812.3
130.67
1/0/1900
1/0/1900
4.25
USA
02:28
13.0
1/0/1900
Change
0.10%
-58.8
04:01
0
Payment DateDPS (LKR) XD Date
192.17
0.50
0.00 0
28-05-2013
126.19
0.0033.65
Malaysia
4.01
124.94
20.52
2.30
1.24
42.03
India
Currency
162.47
Indicative Rate
16.05.2013
China
0
USd/bu.
85.78
Price
103.59
93.66
USD/bbl.
101.37
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
06-06-2013
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*
00-Jan-00
Softlogic Equity Research Page | 4.
7/30/2019 Daily Trade Journal - 16.05.2013
5/6
Softlogic Equity Research Page | 5
CSE Announcements
Galadari Hotels Lanka [GHLL: LKR14.2] -Issue of shares by way of aPrivate Placement:
Orient Garments [OGL: LKR9.8]: Mr. Harsha Nilantha De Silva, Chairman of OGL tendered his resignationfrom the board w.e.f 4
thApril 2013.
Lanka Floortiles [TILE: LKR77.1], Lanka Walltiles [LWL: LKR72.5], Horana Plantations [HOPL :LKR28.2] :Mr. A T P Edirisinghe and Mr. Sunil Mendis who served as Independent/Non-Executive Directors and Mr. J C
Page and Mr V R Page who served as Non-Executive Directors resigned from the Directorate of the Company
w.e.f 15th
May 2013.
Malwatte Valley Plantations [MAL: LKR4.6, MAL.X: LKR4.7]: The Board being of the view that the surplusfunds of approximately LKR175,000,000 in the Company, is not required for its Immediate purposes,
decided that it is in the interest of the Company that the Company offer to purchase proportionately part of
the issued shares of the Company and cancel same. Accordingly the Circular Resolution Passed on the 16th
Day of May 2013 resolved that the Company do offer to purchase subject to shareholder approval;
32,084,308 issued Voting Ordinary Shares, out of the total issued Voting Ordinary Shares of 224,590,160,constituting approximately 14.28%, in the proportion of 1share out of every 7 shares held, at a price of
LKR5.0 per share
3,285,714 issued Non-Voting ordinary shares out of the total Non-Voting shares in issue of 23,000,000constituting approximately 14.28% in the proportion of 1 share out of every 7 shares held, at a price of 3.50per share.
The terms of the Offer and the consideration to be paid for such shares is in the opinion of the Company'sAuditors a fair value
The Board is not aware of any information that has not been disclosed to shareholders which is material toan assessment of the value of the shares, and as a result of which the terms of the offer or the consideration
offered for the shares are unfair to shareholders accepting the offer.
Subject to approval of shareholders, the offer to purchase shares would commence on 25th
June 2013 and
close on 16th
July 2013.
Local News Sri Lanka rupee strengthens amid tight liquidity: Sri Lanka's rupee strengthened to 125.70/80 to the US
dollars in the spot in mid-morning trade Thursday, amid tight liquidity but a two week liquidity auction has
been announced, dealers said. The Central Bank cut its policy interest corridor by 50 basis points to 7.00 and
9.00% last week, after killing liquidity and selling down its Treasury bills stock steadily for around two weeks,
keeping the system tight. Selling down Central Bank held bills and withdrawing liquidity creates a 'shortage
of rupees'eventually reducing import demand. The rupee closed yesterday at 126.00 to the US dollar from
around 126.50/70 levels before the rate cut.
[Source: www.lbo.lk]
Sri Lanka exports to India surge after free trade agreement: Sri Lanka's exports to India have surged under afree trade deal, growing six fold, with the number of items going up four fold to 2,100 but most of the
imports to the island take place outside the agreement, economists said. "On average 70% of Sri Lanka's
exports to India are under the free trade agreement, compared to only 30% Indian exports coming to Sri
Name of the party to whom shares were alloted Galadari Brothers Company (LLC)
No of shares alloted and listed 318,395,504
Value of the loan which was converted (LKR) 7,163,898,840
Price per share 22.5
Date listed 16th May 2103
7/30/2019 Daily Trade Journal - 16.05.2013
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Softlogic Equity Research Page | 6
Lanka under the FTA,"Saman Kelegama, head of Sri Lanka's Institute of Policy Studies told a business forum
in Colombo. "Sri Lanka's exports to India have increased from one percent of overall export before the FTA to
nearly 6 percent."To favour Sri Lankan producers (against the interests of the consumers), the agreement
was signed on the basis of asymmetric benefits. "When bilateral free trade agreement was signed in 1998,
the asymmetry between the (producers of the) two countries was accommodated by having special and
differential treatment in favour of Sri Lanka,"Kelegama said."A larger negative list a longer or longer tariff
liberalization period for Sri Lanka. High revenue items to Sri Lanka not being subject to liberalization underthe FTA like motor vehicles, more favourable rules of origin etc."
[Source: www.lbo.lk]
Economic Development Ministry launches Matching Grant Scheme: As Sri Lanka embarks on a journey tobecome the Wonder of Asia, Ministry of Economic Development has introduced a Matching Grant Scheme
under the Mahinda Chintana Vision for the Futureto support the tourism related SMEs and strengthen the
local economy through sustainable tourism development. Accordingly the Ministry of Economic
Development has made available a sum of LKR2,000 mn with a credit facility from the World Bank as an out-
right grant for the development of tourism and tourism related Small and Medium Enterprises (SMES).
Thereby, the Ministry of Economic Development will bear the cost for either 50% of the project value or a
maximum of LKR10 mn of any SME project under the tourism industry. It is the governments belief that theSME sector would bridge the gap between large scale corporates and micro level enterprises there by
further contributing towards the objective of strengthening the economy of the country.
[Source: www.ft.lk]
Global News Euro-Area Exports Increase for Third Month on Germany: Euro-area exports increased for a third month in
March as the currency blocs four largest economies all shipped more goods, adding to signs the region is
beginning to emerge from a record-long recession. Exports rose a seasonally adjusted 2.8% from February,
when they increased 0.2%, the European Unions statistics office in Luxembourg said today. Importsdecreased 1% after a 2.2% drop a month earlier. The trade surplus widened more than economists
estimated to EUR18.7 bn (USD24.1 bn) from EUR12.7 bn. The euro-area economy contracted 0.2% in the
first three months of 2013, extending its recession to a sixth quarter and increasing pressure on leaders to
spur growth. The ECB forecasts the euro economy will shrink 0.5% this year, while the European Commission
sees a 0.4% contraction.
[Source: www.bloomberg.com]
Japan GDP Jumps Most in Year as Consumers Open Wallets: Japans economy expanded the most in a yearlast quarter as consumer spending and export gains outweighed the weakest business investment since the
wake of the March 2011 earthquake and tsunami. Gross Domestic Product rose an annualized 3.5%, a
Cabinet Office release showed in Tokyo. Private consumption, making up 60% of GDP, contributed 2.3percentage points to the jump. Nominal GDP, which is unadjusted for changes in prices, rose 1.5%, also the
most in a year. Japan is clearly back from stagnation last year,said Naoki Iizuka, an economist at Citigroup
Inc. in Tokyo. The key from here is whether Abe can unveil a strong growth strategy. If he succeeds, that will
boost business investment to support growth.Abe plans next month to unveil his so-called third arrow of
structural reform, following the first two arrows of monetary and fiscal stimulus.
[Source: www.bloomberg.com]