Daily Trade Journal - 22.03.2013
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7/29/2019 Daily Trade Journal - 22.03.2013
1/7
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]
2.2%
7.4%
ASPI
S&P SL 20 Index
+ 5.05
- 0.57
5,768.88
3,312.71
ASPI
Friday, March 22, 2013
796.2
% ChangePoint ChangeToday
34.7
1,070.7
0.09 %
-0.02 %
2,217.8
YTD Performance
S&P SL 20 Index
38.1
153.8
4.3
414.5
260.7
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 22.03.2013Bourse ended trading on a flat note: Bourse journeyed on a
volatile path today as the benchmark index fluctuated with
marginal gains and losses with improved buying interest
leading the turnover to a 2-week high. Commercial Leasing &
Finance (+6.45), Sri Lanka Telecom (+2.1%) and Carsons
Cumberbatch (+1.1%) weighted positively on the index while
losses in Nestle Lanka, John Keells Holdings and Distilleries led
the bourse to close broadly flat at 5,768.88 points. The S&P SL20
followed a similar pattern closing flat at 3,312.71 points.
7 crossings breathed in 68% to the turnover: Investor hunt in
John Keells Holdings persisted with the counter emerging to
spearhead the turnover backed by 3 off-board blocks carrying
c.995k shares which were crossed off at LKR248.0. The counter
traded between LKR245.0 and LKR249.0 before closing with a
marginal dip of 0.6% at LKR247.5. Union Assurance and Keells
Food Products witnessed renewed participation as the former
recorded a deal which carried c.2.8 mn shares at LKR91.9 while
the latter added c.487k shares at a 52-week (off-market) price
of LKR70.1. Sampath Bank encountered a crossing of 500k
shares at LKR233.0 while on-board play in the counter was
relatively dormant. National Development Bankbooked a slotin the top turnover with a block of 400k shares which was
crossed off at a 52-week high (off-market) price of LKR163.0.
BFI sector dominated trading contributing 56% to the turnover:
Notable investor participation surrounded the BFI sector
extending its trend supported by its strong 88% YoY growth in
earnings during the December quarter. Banks enjoyed active
play led by Sampath Bank and National Development Bank
while each witnessed intra-day gains of 0.4%. Hatton Nation
Bank [Non-Voting] too secured interest dipping 1.1% at its close
of LKR130.1 while DFCC Bankcontinued to trade at tis 52-week
high price at of LKR131.0.
Renewed play in CLC & RAL: Commercial Leasing & Financewas among the top turnover slot with an on-board block of
c.10.3 mn shares which was transacted at its intra-day high of
LKR5.0 (+6.4%). Renuka Agri Foods which accounted for foreign
outflows recently recorded several large trades while it traded
at a 52-week low of LKR4.0. Asian Hotels & Properties saw a
block of 250k shares being picked on-board at LKR70.0.
Improved retail participation: Retail activity encountered some
improvement as PC House, Free Lanka Capital and Panasian
Power saw notable participation. Renewed interest was
observed in the poultry sector with Bairaha Farms and Grain
Elevators gaining 5.7% and 9.3% at their intra-day high levels
respectively.
Crossings carry theturnover to a 2-week highled by BFI sector
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7/29/2019 Daily Trade Journal - 22.03.2013
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Statistical Look Up
Treasury Bill (%) 22.03.2013
9.22
10.25
11.26
13.81
Inflation (%) Feb-13 9.8
8.6
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 p
Beverage, Food & Tobacco q
Construction & Engineering q
Diversified q
Healthcare p
Hotels & Travels q
Land & Property q
Manufacturing p
Plantation q
Telecom p
595.0 594.9 0.01% 602.6 -1.26%
776.1 790.1 -1.77% 775.1 0.12%
2,557.6
3,299.1
-0.68%
3,318.2
467.8
0.66%2,550.8
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 22.03.2013
Today
-13.46
169.5
2.3
2,567.7
16,143.7
2,726.0
1,898.8
13,341.4
Pre Day
0.00%
166.7 167.71.64%
13,029.5
16,241.3
1,901.5
3,322.3
471.0
-0.12%
2,724.0
1,870.0
0.42%
-0.60%
-0.30%
-0.14%
2,734.2
16,159.4
461.6
219.4
119.7
99.7
Change %
5,763.8
3,313.3
2.3
0.09% 15.4
Pre Day
Week ending
0.07%
71.70%
2.60%
1.15%
1.54%
1.13%
231
2,192.5
5,704.5
3,262.4
20.2
1.15%
0.00%
-0.02%
2,217.8
2.3
414.5
59.25%
59.25%-4.64%
-0.42%
8.434.7
237
3,312.7
672.4
5.3
238
1,070.7
0.09%
88.90%
117.70%
Today
153.8
2.1
260.7
15.6
5,768.9
2,215.8
36.3
46.69%
46.69%
% WoW
ChangeLast Week
729.9
5.8
2.39%
-0.10%
0.09%
1.03%
1.54%
0.58%
1.34%
% WoW
ChangeLast Week
1.15%
16.55%
1198.31%
-54.16%
355.6
0.40%
2.1
20.1
335.5
13,286.2
% Change
0.09%2.1
54.30%
15.6
5550
5600
5650
5700
5750
5800
Index
ASPI
3100
3150
3200
3250
3300
3350
Index
S&P SL20
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
0
500
1,000
1,500
2,000
2,500
3,000
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
Softlogic Equity Research Page | 2.
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7/29/2019 Daily Trade Journal - 22.03.2013
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
JKH
UNION ASSURANCE
SAMPATH
NAT. DEV. BANK
COMM LEASE & FIN
Most Active
0.40 + 0.10 33.33% HAPUGASTENNE 32.30 - 5.50 -14.55%
-10.00%
-11.45%
-13.33%
-12.50%
1.50
43.40
24.70
+ 0.10
3.10
Today Pre Day
4.70
91.90
4.10
+ 7.50
DISTILLERIES
45,426
528,259
COMM LEASE & FIN 5.00
Company
9,253
10,005
2
MULTI FINANCE
MIRAMAR
Company Today
1.6%
MULLERS
S M B LEASING [X]
62,453
5,906.43
0.31
3,209 2,566.40
1.4%
Change
73.00
Company% of
Mkt CapVolume
2,242.37
3.33%
0.00%
91.50
-0.04%
1.7%
2.4%
Change
- 280.00
- 0.10
- 3.40
- 90.00
% Change
233.00
162.50
4.70
232.10
PARAGON
+ 2.90
KALAMAZOO
70.00
130.10
1,651.90
113.90
445.001,694.90
2,264.37
1,575.86
4.0%
2.1%
1.2%
3,655
206,899
13,612
8,434
4.0%
173.00
57.10
3.3%
170.00
57.00
445.00
3.5%
20.22
1,650.00
113.90
992.15
10.22
LOLC
AITKEN SPENCE 119.00
2.3% 12.41
1,297.84
167.00
534.62308.34
4.212.43
440.00
720.10
9.20
JOHN KEELLS HOLDINGS 1,148,022
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 252,102
1.6%
1,215186
30,392
9.6%
6.8%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.9%
3.3%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
Turnover
USD ('000)
1,820.0011.45%
Intraday
Low (LKR)
Turnover
LKR ('000)
7,092.49
570.40
55.87
20.73
790.00
284,642.74
Intraday
High (LKR)
249.00
7.82
128.50
231.10
116.60
169.50
43.40
9.00
% Change
17,646.59
17.84
2,631.55
1,884.46
4.49
Today
7.14%
Turnover
(LKR)
154.70
14.85
0.00
113.00
57.00
154.30
41.50
123,055.31
71.40
232.00
165.50
42.90
715.00
69.50
26.30
810.00
TodayCompany
155.00
LANKA ALUMINIUM
0.70
969.41
139.02
261,766,765
11,130,503
46.53
THREE ACRE FARMS
S M B LEASING
Pre Day
-0.60%249.00 12.8%1.15
Volume (mn)% Change
7.16%
+ 1.80 7.86%
247.50
CompanyContribution to
Total T/O
131.00
0.5%
0.2%
2.71
10.84
2.85
2.50
-0.44%91.90
0.53
0.62-0.43%
1.74
6.38%
-0.44%
0.00%
4.5%
2.4%
11.8%
Contribution to
Total T/O
4,359,183
6.38%
3.00
FREE LANKA 2.50
232.00
161.80
5.00
RENUKA AGRI 4.10
UNION ASSURANCE 91.50
% Change
PC HOUSE
284,642,736
100,860,493
54,121,604
261,766,765
123,055,314
2.57
2.85
10.84
0.4% 7,938,453
54,121,604
11.8%
Volume (mn)
2.4%
Turnover
(LKR)
5.5%
165.50
117.20
720.00
9.10
801.00
Close
247.50
800.50
245.00
Softlogic Equity Research Page | 3.
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7/29/2019 Daily Trade Journal - 22.03.2013
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar No Annoucements
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
p
p
q
q
* 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 q
COMEX Gold q
COMEX Silver q
COMEX Copper p
* Time is as at ET Source: www.bloomberg.com
Australia
1,610.80 -2.80
METALS
ENERGY
Commodity
22,115.3
Units
0
1.0
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
-0.62%
-0.83%
-90.2
Russia
Saudi Arabia
Japan
346.20
USD/t oz.
USD/t oz. -0.15
726.50
2.70
29.06
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
12,338.5
Value
14,421.5
1,545.8
USD/bbl.
USd/lb.
USd/lb.
AMERICA
-2.25
-12.9
Change
0.09%0.13
0
0.50
Change %
0.79%
Change %
-0.31%
-0.52%
0.12%
0.52%
-2.35%
-0.50%
-0.19%
07:26
07:29
07:28
21-Mar
21-Mar
07:18
07:18
Time*
07:28
07:29
07:28
0.25%
07:28
Company
00-Jan-00
1/0/1900
1/0/1900
6,404.6
Singapore
Switzerland
Thailand
UK
0.12
-110.6
0
2,686.4
134.13
1/0/1900
1/0/1900
4.34
USA
02:28
16.7
1/0/1900
Change
0.10%
-297.2
04:01
0
Payment DateDPS (LKR) XD Date
192.71
0.00
0.00 0
0
126.94
0.0033.85
Malaysia
4.10
132.33
20.43
2.33
1.34
40.74
India
Currency
163.91
Indicative Rate
22.03.2013
China
0
USd/bu.
88.28
Price
107.60
92.93
USD/bbl.
101.56
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.
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7/29/2019 Daily Trade Journal - 22.03.2013
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Softlogic Equity Research Page | 5
CSE Announcements
No Announcements.
Local News
Sri Lanka renewable energy, SME credit line from EIB: The European Investment Bank will loan 90 mn Eurosto Sri Lanka which will be used to finance for renewable energy projects and small and medium enterprises,
minister Keheliya Rambukwelle said. DFCC Bank [DFCC: LKR130.1], Commercial Bank of Ceylon [COMB:
LKR113.90]and Regional Development Bank will disburse loans to borrowers. Renewable energy loans will
be given to entities in public or private sector, minister Rambukwelle said. EIB will loan the money to Sri
Lanka at the EIB rate (about 2.9%) as a 20-year loan with a 15 year payback, which will be on-lent to banks
by the government with 70% allocated for SMEs and 30% for renewable energy.
[Source: www.lbo.lk]
UNHRC triumphs over Lanka: For only the second time in its history as a UN member state, a resolutionagainst Sri Lanka was adopted at the UNs Human Rights Council in Geneva with 25 votes in favour
yesterday, signalling that the country would remain on the international agenda for some years to come. The
UNHRC resolution on Sri Lanka A/HRC/22/L.1/Rev.1 aimed at pushing the Government in Colombo to make
good on post-war reconciliation, devolution of power and investigating allegations of violations ofhumanitarian law during the final stages of the war with the LTTE, was co-sponsored by 41 countries,
including the United States. Twenty-five of the Councils 47 member states, including India voted in favour of
US-sponsored draft, with 13 states voting against and eight abstentions when the resolution came up for
voting around 11.30 a.m. Geneva time. Sri Lankas Head of Delegation to the UNHRC in Geneva Minister
Mahinda Samarasinghe slammed the resolution as being intrusive and overwhelmingly pessimistic.
Samarasinghe said the operative paragraphs of the text were indicative of an initiative based on a politicised
process.
[Source: www.ft.lk]
Money market liquidity drops to a two month low: Sri Money market liquidity on an overnight basis dippedto a two month low of LKR8.18 bn yesterday with only an amount of LKR4.75 bn been mopped up from thesystem on an overnight basis by way of a Repo auction conducted by the Open Market Operations (OMO)
department of Central Bank at a WAvg of 8.35%. However overnight call money and repo rates remained
mostly unchanged to averaged 9.46% and 8.59% respectively, In secondary bond markets, the upward
movement of bond yields experienced in the secondary market driven by Wednesdays Treasury bill auction
results which saw weighted averages increased across the board reversed, with the 5 year Treasury bond
yields reflecting a dip of 7 basis points to hit an intraday low of 11.38% while quotes on the 4 year maturity
was at levels of 11.40%. On the contrary, in secondary market bills, selling pressure was witnessed on all
three maturities above its respective weighted averages.
[Source: www.ft.lk]
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7/29/2019 Daily Trade Journal - 22.03.2013
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Softlogic Equity Research Page | 6
RAM reaffirms EB Creasy and Company [EBCR: LKR950.0] PLCs A-/P2 ratings: RAM Ratings Lanka hasreaffirmed EB Creasy and Company [EBCR: LKR950.0]long- and short-term corporate credit ratings of A- and
P2. The outlook on the long-term rating is stable. The ratings are supported by its diversity in business
operations, major market positions in most of its business lines, the resilient demand for agrochemicals, and
above-average debt-protection metrics. However the ratings are pressured by its exposure to the volatility inthe plantation segment and its vulnerability to fluctuations in raw material prices. EB Creasys ratings largely
reflect the credit profile of its subsidiary Lankem Ceylon [LCEY: LKR152.0], which contributed about 75% of
Group revenues and pre-tax profits in FYE 31 March 2012. Lankem is also rated A-/P2 by RAM Ratings Lanka.
.
[Source: www.ft.lk]
Tea exports drop first two months: Exports of Sri Lankan Tea dipped by 2.97% Year-on-Year (YoY) betweenJanuary and February of this year to 43.9 mn kilograms (kg) according to data analyzed by Ceylon Tea
Brokers [CTBL: LKR5.20]. In value terms, tea exports reached LKR25.9 bn at an average FOB price of LKR
590.39, against LKR24.2 bn at LKR520.31 per kg in the previous year, largely accounted for by a weaker
rupee subsequent to 2012s switch over to a floating currency from the Central Bank of Sri Lanka. Russia andIran remained the two largest exporting destinations. However Russian exports reduced by 0.94% YoY
between January and February to 7.01 mn kg whilst Iranian exports declined by 0.56% YoY to 5.73 mn kg.
[Source: www.dailymirror.lk]
Global News
German Business Confidence Unexpectedly Drops: German business confidence unexpectedly fell from a 10-month high in March as Cyprus inflamed the euro regions debt crisis. The Ifo institute in Munich said its
business climate index, based on a survey of 7,000 executives, declined to 106.7 from 107.4 in February.
Thats the first drop in five months. Economists predicted a gain to 107.8, according to the median of 42forecasts in a Bloomberg News survey. With the European Central Bank threatening to cut off emergency
funding for Cypruss banks unless it agrees to the terms of a European Union-led bailout, the tiny
Mediterranean island has re-ignited concerns about the euro and roiled financial markets. Still, German
investor confidence unexpectedly rose to a three-year high this month and the Bundesbank said the nations
economic recovery remains on track.
[Source: www.bloomberg.com]
Kuroda Rebuts Reflation Naysayers as BOJ Action Looms: Economy: Bank of Japan (8301) GovernorHaruhiko Kuroda said hes confident in achieving a 2% inflation target, rebutting doubters who predict his
efforts will fail as he prepares to strengthen monetary stimulus. We will do whatever we can to achieve the
2% price target at the earliest time possible, Kuroda said yesterday in his inaugural press conference aftertaking the helm of the BOJ this week. Kurodas anti-deflation campaign came under criticism even before it
began, reflecting debate over whether monetary policy is capable of lifting Japan out of economic
stagnation. Eisuke Sakakibara, an ex-Finance Ministry colleague of Kurodas, said hed fail to achieve the
price goal, and former BOJ board member Atsushi Mizuno said hed hit a wall of reality because more
bond purchases would escalate risks of a market bubble.
[Source: www.bloomberg.com]
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7/29/2019 Daily Trade Journal - 22.03.2013
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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
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+94 31 2224714-5, +94 77 3569827
Kurunegala
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
+94 37 2232875, +94 77 3615790
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Floor, FN Building, Station Road, Matara
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