Daily Trade Journal - 13.06.2013

7/28/2019 Daily Trade Journal - 13.06.2013

1/7

q

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

41.1

42.8

16.0

67.7

24.9

Thursday, June 13, 2013

923.8

% ChangePoint ChangeToday

25.0

480.0

-1.22 %

-1.47 %

2,384.0

ASPI

S&P SL 20 Index

- 76.89

- 52.32

6,207.87

3,499.09

ASPI 10.0%

13.4%

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 13.06.2013Index on a clear downtrend: The bourse witnessed a

clear downtrend today however in latter part of the

day ASPI witnessed some spikes in both directions

owing to Ceylon Tobacco Company being traded

with a notable gap on-board both up and down.

ASPI closed the day at 6,207.87 with a dip of 77

points. Heavy sell-downs in large cap counters John

Keells Holdings (-2.4%), Ceylon Tobacco Company (-

2.4%) and Commercial Bank (-2.5%) dragged down

the overall performance of the index.

COMB spearheads daily turnover: Commercial Bank

witnessed some off-board interest backed by a single

mid-sized crossing of 500k shares which was dealt at

LKR118.0. The counter attracted notable on-board

interest, topping the on-board turnover list. Several

large transactions were seen on-board on COMB

during trading hours, largest being the 127k shares

which was transacted at LKR118.0. The countersettled the day at LKR116.9 with a dip of 2.5%.

Softlogic Holdings on a sell-off: Heavy sell-off was

seen in Softlogic Holdings with notable on-board

turnover. The counter transacted a large on-board

block of 1.0mn shares at LKR10.0. SHL closed the day

at LKR9.9 with a notable dip of 7.5%, trading near a

strong support level. Sampath Bank further dipped

today by 0.9% to settle at LKR213.0, trading near a

strong technical support level. The counter

transacted a mid-sized on-board block of 50k sharesat LKR214.0.Heavy retail activity on MTD walkers: Retail interest

was heavy on retail investor-favorites MTD walkers

with heavy turnover. KAPI closed the day at LKR31.5

with a drop of 0.9%. Retail interest was also present in

Nation Lanka Finance.

Bourse on a clear

downt rend


2/7

Statistical Look Up

Treasury Bill (%) 12.06.2013

8.67

9.80

10.85

12.71

Inflation (%) May-13 7.3

8.8

All Share Price Index q

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 q

Construction & Engineering q

Diversified q

Healthcare p

Hotels & Travels q

Land & Property p

Manufacturing q

Plantation q

Telecom q

-4.41%

2.4

192.0

552.3

13,763.9

% Change

-1.22%2.3

-141.75%

17.1

-3.34%

-1.86%

-2.70%

-4.67%

% WoW

ChangeLast Week

-2.58%

-90.91%

-87.05%

-92.24%

744.3

2,413.6

21.1

-64.85%

-64.85%

% WoW

ChangeLast Week

1,365.6

10.7

-1.85%

-2.74%

-1.22%

Today

42.8

2.3

24.9

16.9

6,207.9

-1.47%

2,384.0

2.2

67.7

-15.24%

-15.24%18.41%

0.42%

3.825.0

237

3,499.1

566.3

4.4

236

480.0

-1.22%

20.63%

-84.34%

Week ending

-0.76%

-33.83%

-2.07%

-2.58%

-2.70%

-2.58%

242

2,447.1

6,372.4

3,596.3

37.8

-2.57%

4.76%

56.1

158.7

-102.6

Change %

6,284.8

3,551.4

2.1

-1.22% 17.3

Pre Day

13,864.9

19,064.1

2,061.3

3,539.9

617.8

-1.11%

2,940.8

2,067.1

-1.13%

-1.31%

-0.70%

-1.58%

2,938.9

19,344.8

648.1

165.9 169.5-1.28%163.8

2.1

3,128.0

18,813.9

2,918.4

2,028.7

13,608.3

Pre Day

4.76%

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 13.06.2013

Today

-10.03

689.8 687.6 0.31% 705.4 -2.22%

804.5 810.3 -0.72% 828.6 -2.91%

3,272.4

3,597.8

0.01%

3,500.8

617.8

-0.48%3,143.1

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

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.


3/7

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

COMMERCIAL BANK

SOFTLOGIC

MTD WALKERS

CHEVRON

SAMPATH

Most Active

Close

267.00

952.20

266.60

985.00

167.10

133.50

701.00

8.90

Volume (mn)

1.8%

Turnover

(LKR)

1.3%

104,792,736

29,643,907

27,855,711

43,555,175

31,707,939

1.17

4.35

0.13

0.5% 12,080,323

43,555,175

1.8%

31.50

294.50

213.00

AMANA TAKAFUL 1.50

NATION LANKA[WARRANTS] 0.10

% Change

NATION LANKA

FREE LANKA 2.60

1.53

4.35

2.59

2.70

-7.48%10.70

0.98

0.100.00%

1.08

-7.48%

0.00%

0.00%

1.2%

1.2%

0.0%

Contribution to

Total T/O

2,925,141

-0.93%

10.20

260,421

2,300,611

3.03

CEYLON PRINTERS

SHALIMAR

Pre Day

-2.50%119.90 4.4%0.89

Volume (mn)% Change

6.60%

+ 7.80 8.46%

116.90

CompanyContribution to

Total T/O

145.00

0.1%

0.1%

Turnover

(LKR)

166.70

3.97

6.55

116.20

59.80

166.50

41.00

27,855.71

73.00

213.00

167.00

41.00

701.00

70.00

20.40

1,402.10

TodayCompany

173.90

MULTI FINANCE

900.00

218.58

2.87365.71

17.00

639.35

505.86

33.00

Today

4.76%

Turnover

USD ('000)

1,070.008.68%

Intraday

Low (LKR)

Turnover

LKR ('000)

104,792.74

4,205.92

822.30

5.02

940.00

16,211.45

Intraday

High (LKR)

273.50

12.03

140.70

213.00

133.50

193.00

41.80

8.80

% Change

JOHN KEELLS HOLDINGS 60,401

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 5,201

1.6%

0183

12,257

9.6%

7.5%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

3.6%

3.0%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

9.18

1,900.10

121.00

1,533.18

3.96

LOLC

AITKEN SPENCE 135.00

2.4% 27.32

504.11

169.00

0.00356.94

0.002.80

0.00

709.90

9.00

1,978.20

116.90

0.001,983.00

2,166.95

3,481.03

3.9%

2.3%

1.2%

912

56,593

12,967

11,388

4.5%

195.00

60.00

3.0%

194.40

60.00

436.50

3.1%

9.90

-0.94%

1.5%

2.2%

Change

- 130.00

- 95.00

- 1.90

- 123.20

% Change

218.00

294.50

215.00

31.80

KALAMAZOO

+ 99.00

SELINSING

70.30

140.70

Volume

127.21

0.00%

-3.70%

889,878

386.03

834.26

1,230 1,170.16

1.3%

Change

33.80

Company% of

Mkt Cap

10.20

Today Pre Day

10.70

0.10

1.50

+ 2.70

DISTILLERIES

2,708

130,333

SOFTLOGIC 9.90

Company

17,886

70,105

5,006

SAMSON INTERNAT.

EQUITY ONE PLC

Company Today

1.6%

BERUWALA RESORTS

COMMERCIAL DEV. 71.00 + 6.90 10.76% GESTETNER 178.00 - 22.00 -11.00%

-8.08%

-8.52%

-10.83%

-9.55%

2.20

1,599.00

100.00

+ 0.10



4/7

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Watawala Plantations Plc

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 p

COMEX Gold q

COMEX Silver q

COMEX Copper q

* Time is as at ET Source: www.bloomberg.com

00-Jan-00

18-07-2013

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.

87.33

Price

103.21

95.46

USD/bbl.

101.29

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

199.82

0.25

0.00 0

10-07-2013

127.44

0.0033.98

Malaysia

3.96

120.47

20.76

2.20

1.34

40.45

India

Currency

170.24

Indicative Rate

13.06.2013

China

0

Payment DateDPS (LKR) XD Date

6,237.1

Singapore

Switzerland

Thailand

UK

-0.28

-467.6

0

2,641.8

138.85

1/0/1900

1/0/1900

4.10

USA

02:28

-62.4

1/0/1900

Change

-0.93%

-843.9

04:01

0

00-Jan-00

1/0/1900

1/0/1900

06:28

06:27

-0.99%

06:28

Company

06:48

06:26

06:27

0-Jan

0-Jan

06:45

06:44

Time*

06:26

-1.24%

Change %

0.07%

-0.33%

-0.27%

-0.44%

-6.35%

-2.19%

-0.46%

-13.6

Change

-0.84%-0.74

0

-0.42

Change %

318.55

USD/t oz.

USD/t oz. -0.07

683.50

-4.00

21.73

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

12,445.4

Value

14,995.2

1,612.5

USD/bbl.

USd/lb.

USd/lb.

AMERICA

0.50

METALS

ENERGY

Commodity

20,887.0

Units

0

-24.8

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

-0.84%

-0.84%

-126.8

Russia

Saudi Arabia

Japan

1,385.60 -6.40

Australia



5/7

Softlogic Equity Research Page | 5

CSE Announcements

Mercantile Investments and Finance [MERC:LKR2200.0]: DebentureIssue: The company informs that it is withdrawing the proposed debenture issue

of LKR500mn with an option to increase to LKR1 bn.

Dealing by Directors:

Local News

SEC Chief explains capital markets turnaround strategy: The first area is to improve the liquidity of themarket. Godahewa explains that this starts with increasing the participation rate of foreigners, educating

retail participants about investing and communicating well with the media. He hopes that this education

process will help rebuild investor confidence and double the local participation from 700,000 to 1.4 million

Central Depository System (CDS) accounts by 2016. The next step is to increase the market capitalization of

the CSE. Godahewa hopes to increase the numbers from 287 currently to 400 in 2016, with market

capitalization increasing from USD 20 bn to USD 50 bn.With docile markets over the past 20 years, trading

systems are currently outdated. In order to meet the needs of market participants, he intends for an

upgrade in the systems technology to be of a global standard by 2016. This would include strengthening the

risk management processes, enabling centralized clearing for counter-parties and instituting a delivery

versus payment settlement solution for securities.Godahewa believes that a five-fold increase in corporatedebt issuance from US $ 2 billion to US $ 10 billion within the next three years is possible. This, together with

allowing other products (like the derivatives and commodities markets) to develop and demutualizing the

CSE to foster a commercial agenda, will help sustain market interest.

[Source: www.dailymirror.lk]

Post-2015 agenda for Asia: With the Millennium Development Goals expiring in 2015, a global debate isunderway for a new development agenda to replace them. For Asia, the agenda must in part tackle the

unfinished task of poverty reduction under the MDGs but also confront the newer challenges of income

inequality and environmental destruction. Asia did very well in the core MDG goal of reducing the number of

people living in poverty by half. Yet, two-thirds of the worlds poor still live in the region. And while basic

health and education have improved in much of Asia, there are glaring gaps in lower-income countries,especially in reducing infant deaths and in improving maternal health.

[Source: www.dailymirror.lk]

Sri Lanka to ban foreign investments in to steel, cement, retail trade: Sri Lanka plans to ban foreigninvestments into steel, cement, retail trade, small scale agriculture and beauty care products, to 'protect'

domestic investors, according to decision by the cabinet of ministers. Cabinet spokesman Keheliya

Rambukwelle said relevant regulations would be made known later. He said existing investors in the sectors

will not be affected and it will not be with retrospective effect.However the government wanted to promote

foreign investments into assembling of vehicles, refining petroleum products and making boats for the

export market.

[Source: www.lbo.lk]

Sri Lanka sells 20-year bonds at 12.15-pct: Sri Lanka has sold 20-year rupee denominated bonds to yield12.50% and 30-year bonds to yield 12.50%, the state debt office said. At the first 30-year bond auction last

month 30-year bonds were also sold at 12.50%. The debt office sold LKR8.0 bn in 20 year bonds maturing on

Company Name Relationship Transaction Quantity Price (LKR) Date

Nation Lanka Finance [CSF: LKR10.2] Access Equities Common Director Sale 675,000 11.7-11.9 10.06.2013


6/7


June 01, 2033 and LKR5.0 bn in 30-year bonds maturing on June 01, 2043. There have been no recent

auctions of 20-year bonds.


Sri Lanka processing large property projects: Sri Lanka is processing several large mixed developmentprojects in the capital Colombo including two which may be over USD500 mn, investment promotion

minister Lakshman Abeywardena said.One project now being processed involves a USD640 mn investment,he told reporters. Another involving a Korean investor may go up to a USD1bn in all its phases he said. Sri

Lanka's Abans group is engaged in a USD140 mn project in its first phase, Abeywardena said. In addition the

University of Central Lancashire was building another USD140 mn campus in Mirigama.


Global News

World Bank cuts China growth forecast: The World Bank has cut its growth forecast for China amid warningsof slower but more stable global growth over the coming months. The bank now expects the China to grow

7.7% in 2013, down from its earlier projection of 8.4%. It also cut the forecast for global economic growth to2.2% from 2.4%. The bank said growth in China, the world's second-largest economy, had slowed as

policymakers look to rebalance its growth model. Over the past few decades China has relied heavily on

exports and government-led investment to boost its economy. However, a slowdown in key markets such as

the US and Europe has seen a decline in demand for Chinese exports, prompting concerns whether China

can sustain its high growth rate.

[Source: www.bbc.co.uk]

Spain Recession Seen Ending by 2014 as Austerity Eases: The Spanish economy will shake off its recessionand growth will accelerate through 2015 as European Union officials ease demands for budget cuts,

economists said. Economic output in Spain will increase for the first time since 2011 in the first quarter of

2014 and expand by 0.5% over the year, according to the median of 32 forecasts in the Bloomberg monthlysurvey. That compares with a previous estimate for a 0.3% expansion next year. The economy will grow by

0.9% in 2015, the survey showed.There is an expectation that the fiscal consolidation will be less of a drag

than before, Luigi Speranza, an economist at BNP Paribas SA in London, said in a telephone interview

yesterday.

[Source: www.bloomberg.com]


7/7


Softlogic Equity ResearchDimantha Mathew

[email protected]

+94 11 7277030

Kavindu [email protected]

+94 11 7277031

Imalka Hettiarachchi

[email protected]

+94 11 7277032

Softlogic Equity SalesBranches

Horana

Madushanka Rathnayaka

No. 212, 1st

Floor, Panadura Road, Horana

[email protected]

+94 34 7451000, +94 77 3566465

Negambo

Krishan Williams

No. 121, St. Joseph Street Negambo

[email protected]

+94 31 2224714-5, +94 77 3569827

Kurunegala

Bandula Lansakara

No.13, Rajapihilla Mawatha, Kurunegala

[email protected]

+94 37 2232875, +94 77 3615790

Matara

Lalith Rajapaksha

No.8A, 2nd

Floor, FN Building, Station Road, Matara

[email protected]+94 41 7451000, +94 77 3031159

Dihan Dedigama

[email protected]

+94 11 7277010, +94 77 7689933

Chandima Kariyawasam

[email protected]

+94 11 7277058, +94 77 7885778

Sonali Abayasekera

[email protected]

+94 11 7277051, +94 77 7736059

Thanuja De Silva

[email protected]

+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 are 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 sell a ny 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

they are based before the materialized disseminated to their customeLKRNot all customers will receive the material at the same time. Softlogic Stockbrokers, their

respective directors, officers, representatives, employees, related persons and/or Softlogic Stockbrokers, may have a long or short position in any of the securities or

other financial instruments mentioned or issuers described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any

such securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal or agent. Softlogic Stockbrokers

may make markets in securities or other financial instruments described in this publication, in securities of issuers described here in or in securities underlying or

related to such securities. Softlogic Stockbrokers (Pvt) Ltd may have recently underwritten the securities of an issuer mentioned herein. This document may not be

reproduced, distributed, or published for any purposes.

Daily Trade Journal - 13.06.2013

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Transcript of Daily Trade Journal - 13.06.2013