NDB Daily Market Update 20.10

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  • 8/3/2019 NDB Daily Market Update 20.10

    1/1

    Daily

    MarketUpdate

    0

    15,000

    30,000

    45,000

    60,000

    75,000

    1,500

    3,000

    4,500

    6,000

    7,500

    6-Jan-0911-Jun-095-Nov-098-Apr-108-Sep-109-Feb-1115-Jul-11

    TurnoverRsMn.

    Indices

    Tu rn over ASPI MPI

    Today Previous Day Change (%)

    ASPI 6,282.00 6,347.72 -1.04%

    MPI 5,628.93 5,704.83 -1.33%

    Volume (Shares) 84,655,225 70,048,290 20.85%

    Turnover (Rs) 689,637,634 689,101,530 0.08%

    Foreign Purchases (Rs) 110,896,950 24,907,120 345.24%

    Foreign Sales (Rs) 81,619,792 161,607,074 -49.49%

    PER 16.15 16.32 -1.04%

    PBV 2.04 2.06 -0.97%

    Positive Contributors Closed (Rs) Change (Rs) Change (%)

    Srilanka Telecom 48.60 1.90 3.88

    The Bukit Darah 1,040.10 12.10 1.17

    Shalimar Malay 940.00 140.00 17.50

    Negative Contributors Closed (Rs) Change (Rs) Change (%)

    Hatton National Bank 180.00 (5.40) (2.84)

    CT Holdings 180.50 (8.50) (4.50)

    John Keells Holdings 196.10 (1.80) (0.91)

    Top Turnover Contributors Volume Turnover %

    Commercial Bank 432,600 46,708,960 6.77%Regnis Lanka 93,700 42,418,890 6.15%

    John Keells Holdings 137,100 27,115,170 3.93%

    Chevron Lubricants 136,100 21,503,750 3.12%

    Colonial Motors 43,500 20,877,140 3.03%

    Colombo Land and Development 402,700 20,825,560 3.02%

    Company No. of Crossings Shares Price (Rs)

    Commercial Bank 2 371,100 108.00

    Source: Colombo Stock Exchange

    Money Market

    T-Bond %

    Maturity Bid (Closing) Ask (Closing)

    15-04-2012 7.40 7.50

    01-02-2013 7.65 8.7001-04-2014 8.25 8.35

    15-03-2015 8.85 8.90

    01-08-2016 8.95 9.00

    Excess Liquidity Rs 30.929 Bn

    Exchange Rate Rs 110.19-110.20 per US $

    Source: MVS Money Brokers

    COMPANY BRIEFING ACL Plastics (APLA)

    THE BUSINESS

    MANAGING DIRECTOR

    THE RESULTS

    THE FUTURE

    Manufacturing of cable grade PVC compound.

    Mr. Suren Madanayake- He qualified as a mechanical engineer from the

    University of Texas at Austin, USA. He serves as the managing director of ACL

    cables, Kelani cables, Ceylon Bulbs and Electricals Ltd and also as a director of

    ACL Metals & Alloys (Pvt) Ltd and several other leading companies.

    Company saw its profits declining by 23.7% for the quarter ended 30 June 2011.

    Though revenue was up by 6.5%, significant increase in cos ts resulted in t he

    decrease of profits.

    Company recently acquired new machinery and upgraded the existing machinery

    to meet the enhanced demand. Group also adopted new manufacturing

    methodolog ies to improve operat ional efficiencies. Demand for cables resulting

    from the growth of the cons tuction s ector is expected to benefit ACL Plastics

    this year.

    Date: 20 October 2011Correction of the speculative

    run continues

    It was yet another disappointing day for the investors as the

    ASPI lost 65 points breaking a support level at 6300. While

    low liquidity levels suggest the investors are uncertain

    whether to buy or sell, more margin calls triggered forced

    selling. More margin calls are likely to be witnessed

    tomorrow due to the steep drop which continued from

    yesterday.

    Bank, Finance and Insurance sector was the main contributor to

    the market turnover (due to Commercial Bank) and the sector

    index declined by 1.93%. The share price of COMB decreasedby Rs 1.70 (1.56%) to close at Rs 170. A crossing of 371,100

    shares was recorded at a price of Rs 108.

    Diversified Holdings sector also contributed significantly to the

    market turnover (due to John Keells Holdings) and the sectorindex decreased by 0.95%. The share price of John Keells

    Holdings decreased by Rs 1.80 (0.91%) to close at Rs 196.10.

    Among the other heavy contributors were Regnis Lanka and

    Chevron Lubricants. Regnis Lanka share price increased by Rs5.50 (1.22%) to close at Rs 460.20 while Chevron Lubricants

    price remained unchanged at Rs 158.

    Tel: 0112131000

    Website: www.ndbs.lk