Daily Trade Journal -05.03
Transcript of Daily Trade Journal -05.03
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7/29/2019 Daily Trade Journal -05.03
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q
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]
YTD Performance
S&P SL 20 Index
38.1
282.0
0.4
292.9
11.0
Tuesday, March 05, 2013
850.5
% ChangePoint ChangeToday
13.5
602.8
-0.09 %
0.16 %
2,161.8
ASPI
S&P SL 20 Index
- 5.12
+ 5.14
5,626.77
3,208.92
ASPI -0.3%
4.0%
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 05.03.2013A stagnating trend persisted in the Colombo bourse as both indices
closed broadly flat for the day. Banking & Finance and diversified
sectors encountered significant prominence contributing 83% to
the turnover while 5 crossings in large caps breathed in 60%. The
benchmark index which traded between 5645.01 (+13 points) and
5623.74 (-8 points) settled broadly flat at 5,626.77weighting heavilyon Commercial Leasing & Finance (-4.8%), LB Finance (-8.5%) and
Commercial Bank (-1.0%). The S&P SL20 index closed flat in the
green backed by gains in Bukit Darah (+2.9%), Ceylon TobaccoCompany (+0.7%) and Distilleries (+1.2%).Colombo bourse is currently witnessing a phase of stagnation as a
result of macroeconomic uncertainty and negative investor
sentiment clouding the direction of indices. It is notable that recent
trend etched around prominence in banking and finance sector
and a few selected large caps in specific dominating the market.
The YTD net foreign outflow reversing to a YTD net inflow of LKR0.2
bn yesterday, justifies the confidence foreigners have placed on
the Colombo bourse thereby picking on the attractively priced
companies with expected sustainable earnings growth potential.
Local players in contrast are still bewildered by the downtrend with
the echoing herd instinct. We reiterate pragmatic investors to step
in at this point thus not missing out the possibility of healthy returnsstemming from a recovery.
John Keells Holdings emerged as the front runner for the day
supported by four off-board blocks accumulating to 995k shares
transacted at LKR234.5. The counter traded between LKR234.0 and
LKR234.8 before settling with a gain of 0.3% at LKR234.5.
With attractive dividend payout announced, Hatton National Bank
followed closely with significant contribution from a crossing which
carried c.930k shares at LKR148.8 while on board interest on the
counter weighed more towards the buying side as it settled with a
marginal gain at LKR150.0. Its Non-Voting share too sustained
interest with a block of c.42k shares being drawn up in the market
at LKR120.0. The Non-Voting shares of Commercial Bank and
Seylan Bank were among the top turnover slot with the former
touching LKR92.5 at its peak and the latter depicting strong buying
interest between LKR35.7 and LKR36.0.
The spearhead in Sri Lankas tile market; Royal Ceramics continued
its stance with a block of 49k drawn on-board at LKR98.10.
Renewed interest gathered in S&P caliber players; Asian Hotels and
Properties and Distilleries. Two blocks totaling 125k shares in the
former were seen transacted at LKR70.0 while the latter witnessed
buying interest at its intra-day high of LKR180.0. Penny stocks; Tess
Agro, Browns Investments and Free Lanka Capital Holdings
dominated retail play for the day as retailers continued to be
sidelined with the pattern of indices searching for direction.
Indices conclude on a flatnote; Banks & large caps takethe lead
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Statistical Look Up
Treasury Bill (%) 01.03.2013
9.10
10.08
11.10
14.42
Inflation (%) Feb-13 9.8
8.6
All Share Price Index q
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 q
Beverage, Food & Tobacco p
Construction & Engineering q
Diversified p
Healthcare p
Hotels & Travels q
Land & Property q
Manufacturing q
Plantation q
Telecom q
-0.80%
2.1
109.1
361.0
12,757.6
% Change
-0.09%2.1
-67.15%
15.2
-0.66%
-1.12%
-0.32%
-2.01%
% WoW
ChangeLast Week
-0.75%
-37.69%
-89.92%
-21.89%
470.1
2,163.7
19.4
-15.58%
-15.58%
% WoW
ChangeLast Week
714.0
5.6
-0.02%
-1.07%
-0.09%
Today
282.0
2.1
11.0
15.2
5,626.8
0.16%
2,161.8
2.4
292.9
-43.99%
-43.99%-30.44%
3.52%
4.713.5
235
3,208.9
1,076.1
8.4
227
602.8
-0.09%
-66.57%
-39.27%
Week ending
-1.44%
-52.14%
-1.26%
-0.75%
0.21%
-0.75%
238
2,178.1
5,669.5
3,202.2
28.2
-0.75%
4.35%
876.4
18.1
858.3
Change %
5,631.9
3,203.8
2.3
-0.09% 15.3
Pre Day
12,668.4
15,633.3
1,847.3
3,343.9
462.9
-0.13%
2,792.4
1,869.5
-0.72%
0.37%
-1.26%
0.06%
2,787.2
15,861.6
468.8
167.7 167.9-0.54%166.8
2.4
2,545.8
15,691.2
2,752.1
1,848.5
12,666.1
Pre Day
0.00%
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 05.03.2013
Today
-38.76
598.4 595.9 0.41% 600.4 -0.34%
769.0 771.1 -0.28% 781.1 -1.56%
2,566.5
3,350.2
-0.76%
3,339.6
459.3
-0.13%2,549.1
5500
5600
5700
5800
5900
Index
ASPI
3140
3160
3180
3200
3220
3240
3260
3280
3300
Index
S&P SL20
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
0
1,000
2,000
3,000
4,000
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
JKH
HNB
HNB[NON VOTING]
COMMERCIAL BANK[NON VOTING
SEYLAN BANK[NON VOTING]
Most Active
Close
234.50
751.30
234.00
755.00
150.00
120.00
726.20
8.90
Volume (mn)
0.1%
Turnover
(LKR)
1.0%
250,077,425
20,963,098
18,730,892
145,626,659
21,349,247
0.80
0.98
0.52
0.1% 2,784,337
2,935,877
6.7%
120.00
92.10
36.00
HNB 150.00
JKH 234.50
% Change
BROWNS INVSTMNTS
FREE LANKA 2.40
0.98
1.44
1.07
2.50
0.60%149.10
0.18
0.230.33%
0.76
-9.09%
0.26%
0.60%
1.0%
0.9%
11.6%
Contribution to
Total T/O
1,821,943
0.84%
3.50
250,077,425
145,626,659
2.46
CEYLON LEATHER
PC PHARMA
Pre Day
0.26%233.90 11.6%1.07
Volume (mn)% Change
9.17%
+ 1.90 10.86%
234.50
CompanyContribution to
Total T/O
120.00
6.7%
0.1%
Turnover
(LKR)
146.10
5.08
4.58
108.50
56.50
145.00
42.30
4,369.73
71.50
233.00
149.00
42.50
705.40
70.00
6.70
40.60
TodayCompany
147.00
PCH HOLDINGS
8.80
34.28
86.6611,046.54
1,142.49
13,527.03
647.30
0.89
Today
7.76%
Turnover
USD ('000)
13.7011.94%
Intraday
Low (LKR)
Turnover
LKR ('000)
2,682.31
114.01
21.04
106.12
750.00
250,077.42
Intraday
High (LKR)
234.80
20.55
119.50
233.00
119.90
179.50
43.00
8.90
% Change
JOHN KEELLS HOLDINGS 1,066,445
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 157,802
1.5%
7741,852
429
9.3%
6.5%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
4.0%
3.4%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
71.80
1,620.00
109.90
2,619.80
0.14
LOLC
AITKEN SPENCE 120.30
2.5% 47.47
18.34
150.00
341.073,010.39
2.6823.62
440.00
730.00
9.10
1,631.40
108.80
444.001,640.00
145,626.66
6,050.29
3.9%
2.3%
1.2%
18,789
72,113
978,335
21,835
4.1%
180.00
57.00
3.4%
180.00
56.70
440.00
3.5%
150.00
0.08%
1.8%
2.2%
Change
- 2.10
- 1.20
- 0.90
- 4.70
% Change
237.00
91.80
35.70
119.90
RADIANT GEMS
+ 5.50
RENUKA SHAW [X]
70.00
119.50
Volume
1,961.94
0.00%
-4.00%
24,565
313.68
584.00
12,195 9,152.15
1.4%
Change
1,399.30
Company% of
Mkt Cap
3.50
Today Pre Day
2.20
233.90
149.10
+ 149.30
DISTILLERIES
2,624
18,647
TESS AGRO 2.00
Company
33,613
2,010
4,000
ENTRUST SEC
NUWARA ELIYA
Company Today
1.5%
CEYLINCO INS. [X]
CEYLON PRINTERS 1,440.20 + 155.20 12.08% AGALAWATTE 26.60 - 6.60 -19.88%
-10.38%
-11.84%
-13.29%
-12.00%
299.80
65.50
19.40
+ 21.60
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar Seylan Developments PLC
Yuan The Nuwara Eliya Hotels Comp
Euro Commercial Bank of Ceylon PL
Rupee 0
Yen 0
Ringgit 0
Rouble 0
Riyal 0
Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization
Franc Company
Baht Commercial Bank of
Pound Commercial Bank of Ceylo
Dollar 0Source: www.cbsl.gov.lk
Global Markets
p
p
p
p
p
p
* Time is as at ET Source: www.bloomberg.com
Commodit Markets
Crude Oil (Brent) p
Crude Oil (WTI) p
ICE Cotton #2 p
CBOT Wheat p
COMEX Gold p
COMEX Silver p
COMEX Copper p
* Time is as at ET Source: www.bloomberg.com
00-Jan-00
09-04-2013
22-03-2013
01-04-2013
00-Jan-00
Description
0.00
0.00
Scrip Dividend 28-03-2013
01-04-2013
XR Date
00-Jan-00
00-Jan-00
00-Jan-0000-Jan-00
Renunciation
00-Jan-00
2.00
Time*
USd/bu.
86.64
Price
110.51
90.30
USD/bbl.
102.41
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
192.75
0.25
10.00 13-03-2013
01-04-2013
127.46
0.0033.99
Malaysia
4.15
130.05
20.48
2.32
1.37
41.11
India
Currency
166.06
Indicative Rate
05.03.2013
China
Scrip Dividend
Payment DateDPS (LKR) XD Date
6,388.9
Singapore
Switzerland
Thailand
UK
0.42
22.7
V-01 for 59.72222
2,655.1
135.47
28-03-2013
1/0/1900
4.28
USA
01:28
43.3
1/0/1900
Change
1.37%
31.2
03:01
NV-01 for 50
00-Jan-00
09-04-2013
01-04-2013
06:39
06:39
0.68%
06:39
Company
06:36
06:38
06:39
0-Jan
0-Jan
06:29
06:28
Time*
06:39
0.64%
Change %
0.25%
1.58%
0.39%
0.19%
0.27%
0.10%
0.69%
7.0
Change
0.46%0.40
0
0.25
Change %
352.40
USD/t oz.
USD/t oz. 0.44
704.25
2.40
28.95
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
11,683.5
Value
14,127.8
1,525.2
USD/bbl.
USd/lb.
USd/lb.
AMERICA
1.75
METALS
ENERGY
Commodity
22,560.5
Units
0
36.0
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.27%
0.46%
38.2
Russia
Saudi Arabia
Japan
1,583.60 9.90
Australia
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Softlogic Equity Research Page | 5
CSE Announcements
Commercial Credit and Finance (COCR:LKR12.2): Debenture issue ofLKR500mn will be listed on 6th March 2013 on the debt securities second
board of the CSE .
Lankem Development (LDEV:LKR5.7): The company informs that Mr. ARajaratnam has resigned from the office of Chairman and M.R S.D.R
Arudpragasam has been elected as the new chairman of the company with
effect from 1st March 2013.
Dealing by Directors:
Local News
Performance-based wages for plantation workers: As the current two-year collective agreement lapsesthis month, negotiations for another wage increase in the plantation sector are expected to begin soon.
Profitability and productivity of an industry always become key issues whenever worker wages are
discussed, inflation takes a back seat and the plantation industry is no exception. It appears that at the last
collective agreement, workers' wages were increased by 30%, resulting in a monthly take home pay for
example of a tea plucker becoming LKR 13,390. Both tea and rubber are enjoying a buoyant market now
although production is an issue. Tea and rubber prices are at attractive levels and profits up by 45% to 50%in rubber. In this background, it may be useful to re-examine the concept of Performance-linked wages, as
numerous debates are likely to emerge around this concept when the wage issue is discussed. However, this
concept was discussed two years ago when the last wage increase negotiations were on.
[Source: www.dailymirror.lk]
Three more capital market road shows in the pipeline: Following the conclusion of the capital market roadshow in Mumbai in February which drew over 150 foreign fund managers, the Colombo Stock Exchange
(CSE) is currently planning three more road shows in major commercial hubs in the Asian region. According
to CSE Chairman, Krishan Balendra, the three destinations earmarked are Hong Kong, Singapore and Middle
East. When asked of the possible time frames of each of those major events, he said that the road show in
Hong Kong will take place in June-July. This will be followed by the road shows in Singapore which isexpected to be held by October and in Middle East around November, he said.
[Source: www.dailymirror.lk]
Dialogs parent arm Axiata keen to buy Airtel Lanka: Malaysian based Axiata, the firm which owns SriLankas Dialog Axiata [DIAL: LKR8.9], is trying to buy Airtel Lanka, a media report said. According to the
report, the firm has approached Bharati Airtel, the parent arm of the Airtel Lanka to express its interest. The
report says, Axiatas Sri Lankan unit Dialog accounts for 40% share of the local market, while Airtel Lanka
owns a market share of around 8% to 9% in the Island. Airtel Lanka has its services spread across the Island
and offers 3.5G services and is armed with a distribution network of 42,000 retail traders across the country.
[Source: www.news360.lk]
Blocked Sri Lanka tea pouring in to Iraq: trade ministry: Shipments of Sri Lanka tea detained at the Iraqiborder have been allowed into the country from March 04, two weeks after a meeting between ministers of
the two countries, the commerce ministry said. Sri Lanka's commerce ministry said more than 100
Company Name Relationship Transaction Quantity Price (LKR) Date
Royal Ceramic Lanka [RCL:LKR98.1] Mrs. A.M Weerasinghe Chairman Sale 114,442 99.0 01.03.13
Tokyo Cement [TKYO:LKR24.0] South Asian Investment (Pvt) Ltd Common Directors Purchase 1,113,750 24.1 28.02.13
Tokyo Cement [TKYO:LKR24.0] Nippon Coke & Engineering Company JV Collaborator Sale 1,113,750 24.1 28.02.13
John Keells Holdings [JKH:LKR234.5] MR. A.D Gunewardene Director Sale 320,000 234.5 05.03.13
http://www.dailymirror.lk/http://www.news360.lk/http://www.news360.lk/http://www.dailymirror.lk/ -
7/29/2019 Daily Trade Journal -05.03
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Softlogic Equity Research Page | 6
containers of tea had been detained at the Iraq-Kuwaiti border, Aqaba Free Trade Zone of Jordan and Umm
Qasr port of Iraq from February 19 due to a change in testing parameters. Iraq had bought 83 million Us
dollars of tea from Sri Lanka becoming the fifth largest buyer after Russia, Iran, Syria and Turkey. In 2012,
60% of tea imports to Iraq were from Sri Lanka and 91% in 2011, the commerce ministry said.
[Source: www.lbo.lk]
Global News
Euro-Area Services Output Contracts Less Than Estimated: Euro-area services output shrank less thaninitially estimated in February, adding to signs the currency blocs economy may be beginning to emerge
from a recession.An index based on a survey of purchasing managers in the euro-area services industry fell
to 47.9 from 48.6 in January, London-based Markit Economics said in a report today. Thats above an initial
estimate of 47.3 published on Feb. 21. A reading below 50 indicates contraction. Euro-area retail sales rose
the most in three years in January, separate data showed. The currency blocs recession deepened in the
fourth quarter, as the economy recorded its worst performance in almost four years with a contraction of
0.6 percent. Gross domestic product will decline again in the first three months of this year before returningto growth in the second quarter, according to the median of 21 economists estimates in a Bloomberg
survey.
[Source: www.bloomberg.com]
U.K. February Retail Sales Rise Most Since 2009, BRC Says: U.K. retail sales rose at the fastest pace in morethan three years in February as demand for clothes and home furnishings increased, the British Retail
Consortium said. Sales at stores open at least 12 months, measured by value, increased 2.7%YoY, the
London-based trade group said in an e-mailed report today. Excluding distortions caused by the timing of the
Easter holidays, thats the biggest increase since December 2009 . The report follows a survey by GfK last
week that showed U.K. consumer confidence held steady in February as optimism about personal finances
rose to the highest in almost two years. While the Bank of England has forecast a slow but sustained
recovery for the economy, consumer-spending growth may be restrained by rising energy bills and
accelerating inflation .
[Source: www.bloomberg.com]
http://www.lbo.lk/http://www.lbo.lk/ -
7/29/2019 Daily Trade Journal -05.03
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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
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Madushanka Rathnayaka
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+94 31 2224714-5, +94 77 3569827
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+94 11 7277054, +94 77 2333233
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