Daily Trade Journal - 20.06.2013
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Transcript of Daily Trade Journal - 20.06.2013
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7/28/2019 Daily Trade Journal - 20.06.2013
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p
q
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
40.5
-183.0
15.9
2,826.4
3,009.4
Thursday, June 20, 2013
933.6
% ChangePoint ChangeToday
23.1
3,475.9
0.04 %
-0.10 %
2,385.5
ASPI
S&P SL 20 Index
+ 2.21
- 3.54
6,211.44
3,492.14
ASPI 10.1%
13.2%
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 20.06.2013Indices trading on a range: The bourse heavily
consolidated on a 20 points restricted band during
most part of trading hours. However turnover was
heavy today due to large-sized off-board block
transacted on JKH. At the end of the day ASPI
settled at 6,211.44 with a marginal gain of 2 points.
Gains recorded on John Keells Holdings (+1.7%),Ceylon Cold Stores (+9.3%) and losses denoted on
Dialog Axiata (-1.1%) and Carsons Cumberbatch (-
0.7%) held the indices on marginal ground.John Keells Holdings spearheaded the daily
turnover: John Keells Holdings spearheaded
turnover adding 80.0% to the daily turnover
backed by two large-sized off-board transactions
amounting to 10.1mn shares which were dealt at
LKR265.0. The counter witnessed notable on-board
interest as well led by a single transaction of 174kshares which was traded at LKR270.0. JKH closed at
LKR269.5 with an intra-day gain of 1.7%.
Commercial Bank too denoted off-board interest
with four crossing totaling to 2.7mn which was
transacted at LKR115.70-80. Carsons Cumberbatch
and Distilleries Company followed up with small-
sized off-board transactions during the day.BFI sector attain investor attention: Banking sectors
counters Sampath Bank, Commercial Bank and
Nations Trust Bank denoted on-board interestduring the day. Sampath Bank witnessed a single
on-board transaction of 100k shares which was
traded at LKR209.0. SAMP further dipped today by
1.2% and closed at LKR208.1. Commercial Bank
and Nations Trust Bank too dipped by 0.3% and
1.9% respectively to settle at LKR115.8 and LKR63,5.
Low Retail activity Retail activity was low and
concentrated on selected counters Environmental
Resources Investments and Janashakthi Insurance.
Bourse remains dull despiteheavy turnover by JKH
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Statistical Look Up
Treasury Bill (%) 21.06.2013
8.66
9.80
10.85
12.69
Inflation (%) May-13 7.3
8.8
All Share Price Index p
S&P SL20 Index q
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 q
Hotels & Travels p
Land & Property q
Manufacturing p
Plantation p
Telecom q
-1.35%
2.3
24.9
42.8
13,515.9
% Change
0.03%2.3
-384.88%
16.9
-0.99%
0.61%
0.04%
-0.80%
% WoW
ChangeLast Week
0.06%
4075.73%
12009.38%
-527.27%
67.7
2,384.6
12.7
624.12%
624.12%
% WoW
ChangeLast Week
480.0
3.7
-1.01%
1.85%
0.04%
Today
-183.0
2.3
3,009.4
16.9
6,211.4
-0.10%
2,385.5
2.2
2,826.4
910.94%
910.94%81.88%
0.84%
27.123.1
241
3,492.1
343.8
2.7
239
3,475.9
0.04%
1717.61%
3197.79%
Week ending
-1.91%
-7.76%
1.69%
0.06%
-0.20%
0.06%
237
2,384.0
6,207.9
3,499.1
25.0
0.06%
0.00%
155.5
91.3
64.2
Change %
6,209.2
3,495.7
2.2
0.04% 16.9
Pre Day
13,608.3
19,138.4
2,030.6
3,502.2
616.6
0.00%
2,918.4
2,028.7
-0.34%
0.13%
-0.79%
0.52%
2,885.5
18,813.9
617.8
162.5 163.8-0.19%162.2
2.2
3,085.9
19,162.7
2,862.6
2,041.2
13,470.6
Pre Day
0.00%
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 20.06.2013
Today
-14.95
676.3 677.3 -0.15% 689.8 -1.96%
796.1 790.5 0.71% 804.5 -1.04%
3,128.0
3,500.8
-0.60%
3,502.2
612.9
0.15%3,081.4
6000
6100
6200
6300
6400
6500
6600
Index
ASPI
3400
3450
3500
3550
3600
3650
3700
Index
S&P SL20
0.0
10.0
20.0
30.0
40.0
50.0
60.0
0
1,000
2,000
3,000
4,000
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
Softlogic Equity Research Page | 2.
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
JKH
COMMERCIAL BANK
CARSONS
SAMPATH
DISTILLERIES
Most Active
Close
269.50
1,007.00
264.50
1,019.00
162.70
134.10
700.40
8.70
Volume (mn)
116.4%
Turnover
(LKR)
3.7%
2,777,608,337
50,542,203
42,077,281
356,536,497
89,002,204
0.38
3.08
0.22
0.2% 3,759,710
2,777,608,337
14.9%
440.70
208.10
192.90
EXPOLANKA 7.00
COMMERCIAL BANK 115.80
% Change
SOFTLOGIC
FREE LANKA 2.60
0.52
10.48
3.08
2.60
-0.34%116.20
0.20
0.24-1.19%
0.33
1.70%
-0.34%
-1.41%
2.1%
1.8%
14.9%
Contribution to
Total T/O
875,103
-0.05%
9.90
356,536,497
3,647,574
0.32
KURUWITA TEXTILE
S M B LEASING
Pre Day
1.70%265.00 116.4%10.48
Volume (mn)% Change
10.48%
+ 11.00 11.22%
269.50
CompanyContribution to
Total T/O
139.90
0.2%
0.0%
Turnover
(LKR)
166.10
5.23
8.42
115.80
58.30
165.10
40.50
50,542.20
73.40
208.10
162.50
41.10
700.00
70.00
1,301.00
9.70
TodayCompany
174.50
NUWARA ELIYA
0.80
393.54
0.011.48
49.94
22.41
671.14
6.00
Today
9.25%
Turnover
USD ('000)
25.5017.45%
Intraday
Low (LKR)
Turnover
LKR ('000)
356,536.50
771.03
2,776.11
0.17
1,002.00
2,777,608.34
Intraday
High (LKR)
270.00
13.00
138.50
208.00
134.10
192.90
41.70
8.70
% Change
JOHN KEELLS HOLDINGS 10,478,149
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 21
1.5%
200,005119
3,400
9.7%
7.9%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.6%
3.0%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
6.36
1,900.10
116.50
1,669.83
1.09
LOLC
AITKEN SPENCE 135.00
2.4% 327.63
139.67
164.50
89,002.20227.41
693.001.77
435.00
708.90
8.80
1,911.10
115.80
444.501,913.00
6,413.37
42,077.28
3.9%
2.3%
1.2%
32
77,126
39,416
12,385
4.3%
193.00
60.00
3.0%
192.90
60.00
440.70
3.1%
115.80
-0.74%
1.5%
2.2%
Change
- 3.50
- 0.10
- 99.00
- 0.70
% Change
211.00
210.60
193.00
444.00
MACKWOODS ENERGY
+ 2.20
EQUITY TWO PLC
72.00
138.60
Volume
21,627.34
0.00%
0.00%
3,078,612
40.75
1,081.35
811 817.06
1.3%
Change
32.30
Company% of
Mkt Cap
9.90
Today Pre Day
265.00
116.20
7.10
+ 4.80
DISTILLERIES
293
240,929
JKH 269.50
Company
218,017
12,866
6,511
LAKE HOUSE PRIN.
UDAPUSSELLAWA
Company Today
1.6%
COLD STORES
S M B LEASING [X] 0.50 + 0.10 25.00% CEYLON PRINTERS 1,293.50 - 305.50 -19.11%
-6.73%
-7.07%
-12.07%
-11.11%
174.80
23.20
109.00
+ 14.80
Softlogic Equity Research Page | 3.
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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
q
q
q
q
q
q
* 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 q
COMEX Gold q
COMEX Silver q
COMEX Copper q
* Time is as at ET Source: www.bloomberg.com
00-Jan-00
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*
USd/bu.
85.35
Price
104.02
96.14
USD/bbl.
101.31
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
198.56
0.00
0.00 0
0
128.43
0.0034.25
Malaysia
3.97
119.13
20.95
2.19
1.33
40.17
India
Currency
170.52
Indicative Rate
20.06.2013
China
0
Payment DateDPS (LKR) XD Date
6,205.2
Singapore
Switzerland
Thailand
UK
-2.10
-604.0
0
2,617.0
138.48
1/0/1900
1/0/1900
4.16
USA
02:28
-143.7
1/0/1900
Change
-2.49%
-230.6
04:01
0
00-Jan-00
1/0/1900
1/0/1900
06:16
06:18
-2.26%
06:17
Company
06:35
06:17
06:12
0-Jan
0-Jan
06:32
06:32
Time*
06:18
-2.25%
Change %
-1.65%
-8.50%
-1.98%
-2.14%
-1.74%
-2.88%
-6.03%
-22.9
Change
-1.44%-1.25
0
-2.10
Change %
308.05
USD/t oz.
USD/t oz. -1.84
702.50
-7.10
19.79
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
13,014.6
Value
15,112.2
1,628.9
USD/bbl.
USd/lb.
USd/lb.
AMERICA
-11.75
METALS
ENERGY
Commodity
20,382.9
Units
0
-67.0
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
-1.35%
-1.39%
-206.0
Russia
Saudi Arabia
Japan
1,291.20 -82.80
Australia
Softlogic Equity Research Page | 4.
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Softlogic Equity Research Page | 5
CSE Announcements
Bogala Graphite [BOGA:LKR26.0]: The Company has obtained a licensefrom Geological Survey and Mines Bureau Sri Lanka for exploration of new
graphite deposits at Kohombagahawatte, Rangala and Galigamuwa in Kegalle
district covering 33 square kilometers and Mathugama of Kalutara District
covering 56 square kilometers.
Local News
JKH to sign USD640 mn hotel deal next week: Sri Lankas top conglomerate, John Keells Holdings [JKH:LKR269.5], will sign a USD640 mn deal to establish an integrated hotel complex in the capital of Colombo,
three sources told Reuters yesterday. JKH, the heavyweight of the USD18.5 bn Colombo Stock Exchange with
a USD1.77 bn market cap, will sign the deal with a company from outside the country, the sources who have
the direct knowledge on the deal told Reuters. Investment Promotion Minister Lakshman Yapa
Abeywardena, without naming the company, said the government will sign a USD640 mn agreement next
week with a local company for a 500-room hotel complex with apartments, supermarkets and restaurants.
John Keells Holdings Deputy Chairman Ajith Gunawardena told Reuters that the project is in progress but
declined to comment on the size of the project and if the company would sign the deal next week.
[Source: www.dailymirror.lk]
Sampath Bank raises USD100 m through international loan syndication: Sampath Bank [SAMP: LKR208.1]recently celebrated the success of its largest international loan transaction of USD100 m that was concluded
in the first quarter of 2013. The banks consistent performance over the years coupled with its potential for
sustainable growth have been the key driving forces in the success of this transaction and we are pleased to
witness the high level of confidence placed by the off shore investors on the banks strategic direction,
Managing Director Aravinda Perera said. The bank has established a great track record in the loansyndications space with this latest transaction drawing a great deal of interest from a diverse range of
investors from a large number of Middle Eastern and Asian banks. Consequently, this deal which was
launched for USD50 mn was upsized over two fold as the bank consciously decided to cap the final size to
USD100 mn to suit its cash flow requirements. The transaction was facilitated by HSBC who acted as the lead
arranger and book runner.
[Source: www.ft.lk]
Casino recants?: Gambling with fate, a top Minister on Wednesday rejected claims that the Governmentplans to open a casino in Colombo with Australian gaming mogul James Packer, but did not rule out the
possibility in the future. Investment Promotions Minister Lakshman Yapa Abeywardana insisted that the
investment proposal under discussion from casino kingpin James Packer was only for a mixed developmentproject of USD350 mn that would include a five star hotel, restaurants and penthouses but not a casino.
However, he admitted that there was room for the investors to transfer an existing gaming license from
another owner and operate a casino. Abeywardana defended the loophole by vehemently pointing out that
the Government would not issue new gaming licenses and that if Sri Lanka wished to reach the target of 2.5
mn arrivals by 2016 it would need to open itself up to similar investment options.In 2012 the Government
set a target of USD2 bn but only managed to attract USD1.2 bn. Nonetheless Abeywardana is upbeat of the
islands chances of meeting the mark in 2013.
[Source: www.ft.lk]
10 investment proposals from China: Ten proposals from Chinese companies have been handed over to theInvestment Promotion Ministry, an official said yesterday. Investment Promotions Minister Lakshman YapaAbeywardana responding to questions noted that the proposals were to set up factories in areas such as
Suriyaweva and Sampur. The proposals include a steel factory, IT Park and assembling motor vehicles. One
proposal was to produce herbal beauty products but most of them are for smaller ventures of around USD25-
50 mn,he added. The Sampur investment zone received Cabinet approval over the weekend. Abeywardana
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Softlogic Equity Research Page | 6
rejected concerns that disputes over the 13th Amendment would hamper Indo-Lanka investment
opportunities stressing that political issues would not infringe on business decisions.
[Source: www.ft.lk]
Krrish told to pay up or lose concessions: Taking an unusually tough stance the Investment PromotionMinister has told Krrish to pay up before 15 July or risk losing tax concessions that could be granted under
the Strategic Development Act in Parliament. Investment Promotions Minister Lakshman Yapa Abeywardanastated that while 84% of the USD460 mn project has been paid he had told the investors to complete the
transaction by 15 July or risk tax concessions that can be bestowed upon it. The practice is for any project
investing above USD250 mn to receive tax and other concessions by being put under the Strategic
Investment Act, which would then be approved by Parliament. We have charged them 12% interest on the
previously delayed payments. If they fail to meet the 15 July deadline then we will charge them a further 12%
interest and refuse it concessions eligible under the Strategic Investment Act. However, the project can still
continue,he said.
[Source: www.ft.lk]
Global News
China Manufacturing Contraction Deepens Amid Cash Pinch: Chinas manufacturing is shrinking at a fasterpace this month, adding to stresses in the economy and financial system after interbank borrowing costs
surged to the highest in seven years. The preliminary reading of 48.3 for a Purchasing Managers Index
(EC11FLAS) released today by HSBC Holdings Plc and Markit Economics compares with the 49.1 median
estimate in a Bloomberg News survey of 15 economists. Mays final reading of 49.2 was the first below 50
since October, indicating contraction. If market rates remain at such high levels, the only scenario for the
Chinese economy is a hard landing, said Xu Gao, chief economist with Everbright Securities Co. in Beijing.
That possibility is growing now. It seems the leadership is deliberately taking a wait-and-see stance to see
how low China growth can be.
[Source: www.bloomberg.com]
Euro ministers to decide direct bank recapitalization rules on Thursday: Euro zone finance ministers willdecide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a
cornerstone of the banking union seen as vital to restore economic growth. Ministers from the 17 countries
using the euro will also set guidelines for how much a government would have to contribute to such a bank
rescue, which banks would be eligible, and who would lose money in the process. "We will reach a decision
on all aspects of direct recapitalization," a senior European Union official involved in preparations for the
meeting said. Euro zone leaders want the European Stability Mechanism (ESM) bailout fund to be able to
become a shareholder in a systemically important bank so that the expense of saving the institution does not
fall just on the shoulders of a government that may already be struggling with huge debts. The possibility of
such direct recapitalization should help boost confidence among euro zone banks, encouraging them to lend
to the real economy and so boost growth.[Source: www.reuters.com]
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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
No. 212, 1st
Floor, Panadura Road, Horana
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+94 31 2224714-5, +94 77 3569827
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The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled or arrived at based upon
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