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7/28/2019 Daily Trade Journal - 17.04.2013
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]
4.0%
9.0%
ASPI
S&P SL 20 Index
+ 15.85
+ 10.42
5,868.53
3,361.99
ASPI
Wednesday, April 17, 2013
805.0
% ChangePoint ChangeToday
31.9
610.7
0.27 %
0.31 %
2,248.3
YTD Performance
S&P SL 20 Index
38.4
43.7
7.0
126.1
82.4
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 17.04.2013Bourse extends gains on a positive outlook: The
benchmark index extended its gains today on a
highly positive sentiment in the early trading session.
However in the mid trading and late trading the
market wandered on a consolidation phase while
retaining its earlier gain reflecting a formation of a
technically called doji pattern. ASPI gained 16points to close at 5,868.53. Gains recorded on
Distilleries Company (+2.8%), DFCC Bank (+2.4%)
and Commercial Leasing and Finance (+2.1%)
mirrored on the positive performance of the index.John Keells spearheads turnover: John Keells
Holdings strongly contributed to the daily turnover
with a single off-board block of 174k shares which
was crossed off at a price of LKR249.0. The counter
also demonstrated heavy on board retail
participation pushing the price towards theLKR250.0 psychological barrier. JKH closed at
LKR248.60 ending marginally flat. Ceylon Tobacco
Company and Hayleys highlighted the crossing
boards with the former recording a single block of
50k shares at LKR800.0 and the latter also posting a
single crossing of 100k shares at LKR295.0.BFI sector dominates turnover let by NTB: BFI sector
continued to attract notable investor interest led by
Nations Trust Bank. The counter displayed heavy
on-board interest with notable retail participationand denoting two large on-board blocks of 336k
shares and 128k shares transacted at prices LKR63.0
and LKR62.0 respectively. NTB closed at LKR62.90,
up 3.6%. National Development Bank, and
Commercial Bank too attracted heavy investor
interest with intra-day gains of 1.5% and 0.3%.
Retail activity centered on penny stocks: Retail
counters witnessed notable small-investor
participation with counters Blue Diamonds Non-
voting, FLC Holdings and Muller and Phippsdemonstrating heavy trading.
Positive momentum w ithturnover centered on JKH andBFI sector
7/28/2019 Daily Trade Journal - 17.04.2013
2/7
Statistical Look Up
Treasury Bill (%) 12.04.2013
9.25
10.25
11.35
13.74
Inflation (%) Mar-13 7.5
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 p
Hotels & Travels p
Land & Property p
Manufacturing p
Plantation q
Telecom p
612.4 609.0 0.56% 589.3 3.93%
808.8 822.0 -1.60% 812.6 -0.47%
2,571.8
3,385.0
0.25%
3,402.9
502.2
0.83%2,595.2
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 17.04.2013
Today
-25.75
171.5
2.3
2,616.9
16,380.4
2,727.7
1,924.8
13,587.8
Pre Day
0.00%
171.5 171.00.00%
13,328.5
16,365.1
1,921.4
3,387.8
501.0
0.45%
2,679.5
1,904.0
0.70%
0.09%
0.73%
0.18%
2,707.8
16,240.1
493.1
1,333.4
695.7
637.6
Change %
5,852.7
3,351.6
2.3
0.27% 15.7
Pre Day
Week ending
1.80%
126.57%
2.69%
1.28%
1.19%
1.28%
223
2,219.8
5,794.3
3,322.5
14.1
1.28%
0.00%
0.31%
2,248.3
2.3
126.1
-61.35%
-61.35%-50.67%
0.88%
4.931.9
229
3,362.0
1,579.9
12.6
227
610.7
0.27%
-90.54%
-88.16%
Today
43.7
2.2
82.4
15.9
5,868.5
2,242.2
64.6
97.39%
97.39%
% WoW
ChangeLast Week
309.4
2.5
1.95%
0.86%
0.27%
0.29%
1.09%
0.53%
1.85%
% WoW
ChangeLast Week
1.28%
232.72%
211.21%
282.51%
37.9
1.75%
2.1
26.5
11.4
13,493.1
% Change
0.27%2.2
-93.14%
15.8
5600
5650
5700
5750
5800
5850
5900
Index
ASPI
3200
3250
3300
3350
3400
Index
S&P SL20
0.0
50.0
100.0
150.0
200.0
0
500
1,000
1,500
2,000
2,500
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
Softlogic Equity Research Page | 2.
7/28/2019 Daily Trade Journal - 17.04.2013
3/7
High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
JKH
NATIONS TRUST
CEYLON TOBACCO
NAT. DEV. BANK
HAYLEYS
Most Active
3.10 + 0.50 19.23% HAPUGASTENNE 33.40 - 5.00 -13.02%
-6.90%
-8.06%
-9.10%
-8.70%
29.00
4.00
5.50
+ 3.00
3.10
Today Pre Day
1.60
2.90
1.60
+ 0.20
DISTILLERIES
101,380
113,739
BLUE DIAMONDS[NON VOTING] 1.70
Company
2,957
52,853
360
LAXAPANA
ENVI. RESOURCES [W0003]
Company Today
1.5%
ASIA CAPITAL
CITRUS LEISURE [W0019]
211,616
14,936.59
54.93
50,241 40,190.62
1.4%
Change
1.50
Company% of
Mkt CapVolume
807.91
19.23%
4.17%
62.90
-0.48%
1.6%
2.5%
Change
- 200.10
- 0.40
- 2.00
- 3.90
% Change
219.00
167.90
292.90
793.90
RADIANT GEMS
+ 0.50
HARISCHANDRA
70.00
147.90
1,765.40
114.20
450.001,770.00
19,110.76
493.59
4.0%
2.2%
1.2%
106
83,529
109,373
793
4.2%
170.00
56.50
3.4%
168.00
55.40
450.00
3.5%
320.58
1,763.00
114.50
95.22
9.20
LOLC
AITKEN SPENCE 120.10
2.2% 3.94
1,153.75
176.00
1.351,775.58
0.0114.16
450.00
720.00
9.40
JOHN KEELLS HOLDINGS 406,998
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 208
1.7%
31,004
26,804
9.5%
6.6%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.9%
3.2%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
Turnover
USD ('000)
2,000.0015.38%
Intraday
Low (LKR)
Turnover
LKR ('000)
24,180.70
2,942.02
192.88
0.60
790.00
101,287.42
Intraday
High (LKR)
249.00
0.76
142.10
216.00
120.00
164.00
43.10
9.20
% Change
14.56
152.44
74.87
776.85
23.47
Today
11.54%
Turnover
(LKR)
152.50
6.20
0.44
113.50
55.00
152.50
43.00
24,753.44
70.00
217.20
173.00
43.00
705.30
70.00
22.80
52.60
TodayCompany
153.00
KURUWITA TEXTILE
4.20
197.44
0.12
7,866,440
2,796,566
119.14
CEYLON LEATHER [W0014]
TAPROBANE
Pre Day
0.04%248.50 4.5%0.41
Volume (mn)% Change
14.29%
+ 0.70 14.58%
248.60
CompanyContribution to
Total T/O
149.00
0.1%
0.2%
1.64
3.02
2.72
2.40
3.62%60.70
0.05
0.231.49%
1.42
6.25%
0.00%
6.25%
1.8%
1.3%
0.3%
Contribution to
Total T/O
3,476,724
2.56%
2.60
RAIGAM SALTERNS 2.50
790.10
170.40
300.40
MULLERS 1.70
FREE LANKA 2.90
% Change
CITRUS LEISURE[WARRANTS]
101,287,424
39,647,211
29,750,255
74,567,016
40,190,625
1.50
1.19
0.10
0.2% 4,468,049
5,144,553
3.3%
Volume (mn)
0.2%
Turnover
(LKR)
1.8%
173.80
120.00
705.60
9.30
799.80
Close
248.60
790.10
248.50
Softlogic Equity Research Page | 3.
7/28/2019 Daily Trade Journal - 17.04.2013
4/7
Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar No Announcements
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 p
CBOT Wheat p
COMEX Gold q
COMEX Silver q
COMEX Copper q
* Time is as at ET Source: www.bloomberg.com
Australia
1,373.80 -13.50
METALS
ENERGY
Commodity
21,569.7
Units
0
-34.8
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
1.08%
1.43%
157.6
Russia
Saudi Arabia
Japan
322.60
USD/t oz.
USD/t oz. -0.57
708.00
-9.90
23.10
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
13,382.9
Value
14,756.8
1,574.6
USD/bbl.
USd/lb.
USd/lb.
AMERICA
0.50
22.2
Change
0.42%0.41
0
-1.02
Change %
-2.93%
Change %
0.04%
-2.04%
-0.86%
-1.33%
1.22%
-0.47%
-0.81%
07:45
07:21
07:31
16-Apr
16-Apr
07:35
07:35
Time*
14:29
07:45
07:26
-0.77%
07:25
Company
00-Jan-00
1/0/1900
1/0/1900
6,256.7
Singapore
Switzerland
Thailand
UK
-0.86
-102.4
0
2,574.3
135.87
1/0/1900
1/0/1900
4.33
USA
02:28
-46.1
1/0/1900
Change
-1.34%
161.5
04:01
0
Payment DateDPS (LKR) XD Date
192.59
0.00
0.00 0
0
125.37
0.0033.43
Malaysia
4.01
130.00
20.30
2.32
1.28
41.38
India
Currency
165.23
Indicative Rate
17.04.2013
China
0
USd/bu.
85.83
Price
100.39
87.71
USD/bbl.
101.72
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
00-Jan-00
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.
7/28/2019 Daily Trade Journal - 17.04.2013
5/7
Softlogic Equity Research Page | 5
CSE Announcements
Dealing by Directors:
Local News
Sri Lanka power tariffs raised: Sri Lanka's power regulator has approved a tariff request by state-run CeylonElectricity Board denying a request to reduce tariffs of large domestic users, after earlier cutting of LKR40 bn
in estimated costs. Under the new tariffs a proposal to charge domestic users by the highest rated block
instead of differently priced slabs, which ran into stiff opposition at a public hearing had also been approved.
Low user, domestic users had been the most highly subsidized users along with religions categories, industry
and government offices. The regulator denied a request by the CEB to reduce the tariff of large domesticusers to LKR32 above 900 units a month and has maintained a rate of 34 plus 40% fuel surcharge. Other
tariff requests to general purpose, government, religious and industry had been approved. The regulator has
imposed a series of conditions on the CEB.
[Source: www.lbo.lk]
Sri Lanka should be less dependent on foreign borrowings: Central Bank: Sri Lanka should depend less onforeign capital to bridge a savings investment gap, to make the economy more resilient to external shocks,
the Central Bank has said. Sri Lanka had an investment ratio of 30.6 percent of Gross Domestic Product in
2012 but domestic savings were only 17%. National savings were higher at 24% mostly due to remittance
flows. "We should increase domestic savings,"Central Bank Governor Nivard Cabraal said at the release of
the bank's annual report on the economy for 2012. "By 2016 we hope to generate resources for investmentsdomestically." The Central Bank is projecting investments to rise to 33% of GDP by 2016 and domestic
savings to 28.4%. National savings which include remittances are projected to rise to 34.2%. "Also, foreign
capital may be used to partly bridge the savings-investment gap, yet, it may not necessarily constitute a
perfect substitute for domestic savings, because of the external finance premium attached to it,"the Central
Bank said. "Hence, over the long term, increasing the economys potential income by improving productivity
of capital may yield sustainable outcomes. Further, for the corporate sector, financing investments from
external sources may not be difficult in good times, but the possibility of a reversal in capital inflows could
create economic vulnerabilities"
[Source: www.lbo.lk]
Sri Lanka Treasuries yield steady: Sri Lanka's Treasuries yields eased 01 basis point across maturities atWednesday's auction with the 12-month yield at 11.34% the state debt office said. The 3-month yield was
down 01 basis point at 9.24% and the six month yield was 10.24% also down 01 basis point. The debt office
which is a unit of the Central Bank offered LKR8.0 bn of maturing debt for roll-over and sold LKR14.0 bn in
bills.
Company Name Relationship Transaction Quantity Price (LKR) Date
Singalanka Standard Chemicals [SING: LKR65.0] K. G. Plastics (Private) Ltd Common Director Sale 171,720 55.0-58.0 12.04.13
Singalanka Standard Chemicals [SING: LKR65.0] Best Real Invest Co. Serv ices (Pvt) Ltd Common Director Purchase 275,000 55.0 17.04.13
Singalanka Standard Chemicals [SING: LKR65.0] Penpals (Pvt) Ltd Common Director Sale 716,168 55.0-55.2 12.04.13
Singalanka Standard Chemicals [SING: LKR65.0] Photo Kina (Private) Ltd Common Director Sale 129,840 55.0-56.0 12.04.13
Singalanka Standard Chemicals [SING: LKR65.0] Cinemas (Pvt) Ltd Common Director Sale 162,320 55.0-55.1 12.04.13
Singalanka Standard Chemicals [SING: LKR65.0] Paper Containers (Private) Ltd Common Director Sale 59,253 55.0 12.04.13Singalanka Standard Chemicals [SING: LKR65.0] Mr. K.C Vignarajah Director Purchase 275,000 55.0 12.04.13
7/28/2019 Daily Trade Journal - 17.04.2013
6/7
Softlogic Equity Research Page | 6
[Source: www.lbo.lk]
Global economy to grow 3.3-pct led by US, emerging economies: IMF, The global economy will grow 3.3% in2013 with the United States growing 1.9%, emerging and developing nations growing 5.3% and the Euro area
contracting 0.3%, the International Monetary Fund has said. "What was until now a two-speed recovery,
strong in emerging market and developing economies but weaker in advanced economies, is becoming a
three-speed recovery,"IMF economic counsellor Olivier Blanchard said in the agency's April World Economic
Outlook. "Emerging market and developing economies are still going strong, but in advanced economies,
there appears to be a growing bifurcation between the United States on one hand and the euro area on the
other."
[Source: www.lbo.lk]
Sri Lanka central bank may buy gold: CB Governor: Sri Lanka's central bank, an active trader in gold whichcut its holdings last year may buy into gold, now that it is falling, Central Bank Governor Nivard Cabraal has
said. "Overall, gold prices coming down is giving an opportunity to various central banks across the world to
improve on their holdings,"Cabraal told Bloomberg television in an interview. "An opportunity that provides
us with space to purchase a little more quantities and hold in our own reserves would be an interesting one."
Sri Lanka's central bank which had as much as 16 tonnes of gold by mid 2011 has gradually sold down its
stock, helping boost returns on its reserve assets and central bank profits. By the end of 2011 its gold stock
was down to 9.98 tonnes and by end 2012 it was down to 3.6 tonnes, according to World Gold Council data.
During the last credit bubble that ended in 2008 gold went up to around 1,300 dollars an ounce, fell to 900
and climbed back to 1,800 dollars an ounce amid quantity easing by the Fed and other central banks. Now
gold has tumbled to about 1375 dollars an ounce and oil and other commodity prices are also falling.
[Source: www.lbo.lk]
Global News
UK unemployment rises to 2.56 million: UK unemployment rose by 70,000 to 2.56 million betweenDecember and February, the Office for National Statistics (ONS) has said. It meant the unemployment rate
for the quarter was 7.9%. The number of people claiming Jobseeker's Allowance last month fell by 7,000 to
1.53 million. Also, the ONS said average regular pay, excluding bonuses, rose 1%, the lowest since records
began more than a decade ago. The number of people in work fell by 2,000 in the latest quarter to February,
to just under 30 million, the first time the figure has dipped since autumn 2011.
[Source: www.cnn.com]
India Gains as Gold Plunge Boosts Scope for Rate Cuts: The gold rout may narrow Indias record current-account deficit, easing pressure on the rupee, damping inflation and boosting scope for a further reduction
in interest rates. Gold purchases account for more than two-thirds of the deficit, which reached USD32.6 bn
in the quarter ended Dec. 31, according to the Reserve Bank of India. The metals 18% plunge in 2013 could
help cut import costs by almost USD7 bn in the 12 months ending March 2014, Barclays Plc said. Indias
finance minister is visiting North America to woo investors as a slide in foreign direct investment increases
reliance on more volatile stock and bond inflows to fund the trade imbalance. The shortfall, along with price
pressures, has restricted the central bank to a 50 basis-point rate reduction this year even with economic
expansion at a decade low.
[Source: www.bloomberg.com]
7/28/2019 Daily Trade Journal - 17.04.2013
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Softlogic Equity Research Page | 7
Softlogic Equity ResearchDimantha Mathew
+94 11 7277030
Kavindu Ranasinghe
+94 11 7277031
Imalka Hettiarachchi
+94 11 7277032
Softlogic Equity SalesBranches
Horana
Madushanka Rathnayaka
No. 101, 1/1, Aguruwathota Road, Horana
+94 34 7451000, +94 77 3566465
NegamboKrishan Williams
No. 121, St. Joseph Street Negambo
+94 31 2224714-5, +94 77 3569827
Kurunegala
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
+94 37 2232875, +94 77 3615790
Matara
Lalith Rajapaksha
No.8A, 2nd
Floor, FN Building, Station Road, Matara
+94 41 7451000, +94 77 3031159
Dihan Dedigama
+94 11 7277010, +94 77 7689933
Chandima Kariyawasam
+94 11 7277058, +94 77 7885778
Sonali Abayasekera
+94 11 7277051, +94 77 7736059
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 ar e 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 s ell 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
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respective directors, officers, representatives, employees, related persons and/or Softlogic Stockbrokers, may have a long or short position in any of the securities or
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