daily trade journal -01.03
TRANSCRIPT
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7/29/2019 Daily Trade Journal -01.03
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p
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
38.2
-324.4
-0.7
83.3
407.6
Friday, March 01, 2013
849.5
% ChangePoint ChangeToday
16.5
673.9
0.30 %
0.39 %
2,171.7
ASPI
S&P SL 20 Index
+ 16.79
+ 12.46
5,652.69
3,206.85
ASPI 0.2%
3.9%
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 01.03.2013
Bourse ended a week of stagnation, concluding trading on a
positive note with prominent interest in the banking and finance
and manufacturing sectors. The benchmark index gained 27
points at its peak of 5,663.58 points reflecting considerable gains
denoted in the S&P caliber; Ceylon Tobacco Company (+5.1%),
John Keells Holdings (+0.5%) and Hayleys (+2.6%) before settling
with a gain of 16 points at 5,652.69. Consequently the S&P SL20
index advanced 12 points at its close of 3,206.85 points. Crossings in
BFI and manufacturing sector counters added 55% to the daysturnover.Colombo bourse which witnessed a 82 point WoW dip during the
week has continued to grab attention from value hunters with
several growth counters trading at discount levels. The downtrend
has mirrored the losses denoted in majority of the overvalued
stocks which investors piled into whilst following herd instinct while
fundamental counters have remained relatively resilient to the
downtrend. With anticipated earnings growth in the banking sector
being proven true with the earnings release of large banks during
the week, we emphasize on accumulating growth picks during the
current stagnation phase placing importance on the banking
sector and a few selected picks from Non-Bank Financial
Institutions. The key picks of the NBFI sector have been highlightedin our sector report released (see weekly plus: research chat page
9)
Investor hunt in Hatton National Bank continued with its earnings
release depicting a 32% YoY growth. The counter emerged to
spearhead the days turnover backed by two off-market
transactions carrying c.2 mn shares at LKR149.0 while its Non-Voting
share touched a 52-week high price of LKR121.9 during the day.
Sampath Bank sustained interest with its dividend announcement
of LKR6.0 per share today while encountering a 100k off-board
parcel at LKR235.0 while its price touched LKR235.3 at its peak.
Manufacturing sector interest was primarily driven by Royal
Ceramics and Piramal Glass with both trading at attractive
valuations. The former saw several large transactions executed at
LKR98.0 and LKR99.0 while the latter witnessed two large blocks
accumulating to c.1.5 mn shares at LKR6.2. Chevron Lubricants
added another block to the crossings board amounting to 176k
shares at LKR217.5 with insignificant on-board interest.
Ceylon Tobacco Company edged up as a major positive
contributor to the index with its announcement of the company
not having to comply with the packaging regulations which were
due to come into force on March 1st 2013. Its price touched
LKR770.0 (+6.6%) at its peak before closing with a 5.1% gain at
LKR759.2.
Retailers continue to step on the sidelines however some interest
was noted in SMB Leasing, Panasian Power and Free Lanka Capital.
BFI & manufacturing sectorplay dominates bourse
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Statistical Look Up
Treasury Bill (%) 01.03.2013
9.10
10.08
11.10
14.40
Inflation (%) Feb-13 9.8
8.6
All Share Price Index p
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 p
Beverage, Food & Tobacco p
Construction & Engineering p
Diversified p
Healthcare q
Hotels & Travels p
Land & Property q
Manufacturing p
Plantation p
Telecom q
-1.39%
2.1
22.9
94.2
12,702.9
% Change
0.30%2.1
1464.55%
15.2
-2.28%
-1.47%
-1.25%
-1.94%
% WoW
ChangeLast Week
-1.44%
-28.86%
1682.59%
-444.32%
117.1
2,165.2
27.8
124.58%
124.58%
% WoW
ChangeLast Week
300.1
2.4
-0.47%
-2.18%
0.30%
Today
-324.4
2.1
407.6
15.3
5,652.7
0.39%
2,171.7
2.4
83.3
-52.89%
-52.89%-40.76%
-1.65%
5.316.5
238
3,206.9
1,430.6
11.2
242
673.9
0.30%
-92.20%
-62.56%
Week ending
0.54%
30.33%
4.39%
-1.44%
-0.51%
-1.45%
228
2,203.5
5,735.6
3,223.3
12.6
-1.44%
4.35%
1,068.0
1,088.8
-20.7
Change %
5,635.9
3,194.4
2.3
0.30% 15.5
Pre Day
12,772.0
15,542.0
1,854.9
3,351.0
471.5
0.33%
2,794.7
1,883.9
0.07%
1.80%
0.15%
0.06%
2,805.5
16,175.6
476.5
170.4 172.7-0.95%168.8
2.4
2,571.5
15,822.6
2,809.7
1,856.1
12,711.7
Pre Day
0.00%
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 01.03.2013
Today
-35.84
574.8 599.6 -4.14% 604.1 -4.86%
782.9 775.6 0.95% 791.0 -1.03%
2,607.9
3,404.9
-0.91%
3,362.3
467.2
0.25%2,565.0
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
Softlogic Equity Research Page | 2.
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
HNB
SAMPATH
CHEVRON
ROYAL CERAMIC
CEYLON TOBACCO
Most Active
Close
235.20
759.20
233.00
770.00
149.00
120.00
705.30
9.00
Volume (mn)
16.6%
Turnover
(LKR)
1.8%
361,494,833
29,820,148
15,760,080
54,950,345
39,641,816
1.04
0.23
0.02
0.1% 2,818,787
361,494,833
2.5%
217.50
99.00
759.20
S M B LEASING[NON VOTING] 0.40
PIRAMAL GLASS 6.20
% Change
PANASIAN POWER
FREE LANKA 2.40
1.47
2.43
1.97
2.30
0.47%234.00
0.18
0.302.06%
0.72
0.88%
0.00%
33.33%
1.4%
0.7%
0.6%
Contribution to
Total T/O
1,725,253
5.08%
2.70
12,227,780
539,413
6.14
UNION CHEMICALS
EQUITY
Pre Day
0.88%147.70 16.6%2.43
Volume (mn)% Change
11.95%
+ 0.40 12.50%
149.00
CompanyContribution to
Total T/O
120.00
0.0%
0.1%
Turnover
(LKR)
145.80
8.61
0.93
108.80
56.50
145.80
42.90
54,950.34
70.00
235.10
147.10
43.00
705.30
69.50
1.80
14.50
TodayCompany
146.00
ENVI. RESOURCES [W 0003]
25.60
431.11
3.36428.87
2,836.08
86.06
1,098.08
2.36
Today
10.00%
Turnover
USD ('000)
1.1017.02%
Intraday
Low (LKR)
Turnover
LKR ('000)
10,926.31
301.44
85.72
0.68
730.00
2,813.77
Intraday
High (LKR)
236.50
6.66
119.00
232.00
120.00
178.00
43.80
9.00
% Change
JOHN KEELLS HOLDINGS 11,917
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 6,170
1.5%
1041,063
2,304
9.2%
6.5%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
4.0%
3.3%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
123.64
1,624.00
109.10
848.28
0.78
LOLC
AITKEN SPENCE 120.00
2.5% 0.29
99.07
150.00
45.761,726.62
0.3613.55
440.00
710.00
9.10
1,625.00
109.00
440.101,625.00
361,494.83
36.50
3.9%
2.2%
1.2%
122
122,007
2,426,112
7,069
4.0%
180.00
59.00
3.4%
180.00
56.70
440.00
3.6%
235.10
0.28%
1.8%
2.2%
Change
- 0.30
- 4.40
- 0.20
- 1.30
% Change
235.30
97.00
722.50
216.90
RAMBODA FALLS
+ 54.40
NATION LANKA [W 0021]
70.00
120.00
Volume
22.08
0.00%
4.35%
100,234
782.08
118.68
20,799 15,760.08
1.4%
Change
2,399.00
Company% of
Mkt Cap
2.70
Today Pre Day
147.70
6.20
0.30
+ 349.00
DISTILLERIES
6,520
233,846
HNB 149.00
Company
205
5,290
814
SWARNAMAHAL FIN
HARISCHANDRA
Company Today
1.5%
HUNAS FALLS
S M B LEASING [X] 0.40 + 0.10 33.33% ASIRI CENTRAL 215.40 - 59.50 -21.64%
-8.23%
-10.00%
-21.43%
-14.67%
55.00
509.50
3.60
+ 5.00
Softlogic Equity Research Page | 3.
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar Regnis (Lanka) PLC
Yuan Singer (Sri Lanka) PLC
Euro Singer Industries (Ceylon) PLC
Rupee Nestle Lanka PLC
Yen Sampath Bank PLC (Amended)
Ringgit Lanka Walltiles PLC
Rouble 0
Riyal 0
Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization
Franc Company
Baht Sampath Bank PLC (A
Pound 0
Dollar 0Source: www.cbsl.gov.lk
Global Markets
q
q
q
q
p
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
16-04-2013
20-03-2013
20-03-2013
1/0/1900
05-04-2013
Description
30.00
6.00
0 4/4/2013
11-03-2013
XR Date
11-03-2013
00-Jan-00
21-03-201312-03-2013
Renunciation
20-03-2013
1.50
Time*
USd/bu.
84.78
Price
110.52
91.13
USD/bbl.
103.02
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
193.40
2.50
6.00 11-03-2013
11-03-2013
127.46
0.0033.99
Malaysia
4.16
130.39
20.48
2.35
1.38
41.20
India
Currency
166.66
Indicative Rate
01.03.2013
China
0
Payment DateDPS (LKR) XD Date
6,337.9
Singapore
Switzerland
Thailand
UK
-0.76
-140.1
g 01 for 33.1246492
2,604.8
136.13
1/0/1900
1/0/1900
4.29
USA
01:28
-19.3
1/0/1900
Change
-1.12%
47.0
03:01
0
00-Jan-00
20-03-2013
05-04-2013
06:21
06:22
-0.36%
06:22
Company
06:21
06:22
06:22
0-Jan
0-Jan
06:11
06:10
Time*
06:22
-1.76%
Change %
-0.14%
-1.40%
-0.75%
-1.00%
0.41%
-0.61%
-0.68%
-1.3
Change
-0.60%-0.52
0
-
Change %
348.55
USD/t oz.
USD/t oz. -
713.50
-
28.03
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
11,606.4
Value
14,054.5
1,514.7
USD/bbl.
USd/lb.
USd/lb.
AMERICA
-0.75
METALS
ENERGY
Commodity
22,880.2
Units
0
-24.7
Proportion
00-Jan-00
00-Jan-00
1.00
0.00
-0.15%
-0.09%
-20.9
Russia
Saudi Arabia
Japan
1,567.20 -11.00
Australia
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Softlogic Equity Research Page | 5
CSE Announcements
Hydro Power Free Lanka [HPFL: LKR5.9]:This is to inform the existingname of the company Hydro Power Free Lanka will be changed to FLC Hydro
power Plc.
Free Lanka Capital Holdings [FLCH: LKR2.4]: This is to inform theexsisting name of the company Free Lanka Capital Holdings will be changed toFLC Holdings Plc.
Peoples Leasing and Finance [PLC: LKR13.4]: The company informs that Mr.Gamini Sedara Senerath hasbeen appointed as the Non-Executive Non-Independent Chairmen of the board of the company .
Brown and Company [BRWN: LKR111.0]: The company informs that Mrs Rohoni Lettitia Nanayakkararelinquished her services as Chairperson/Non-Executive director Mr. Ishara Chinthaka Nanayakkara will be
appointed as the Executive Chairman/Executive Director of the company.
Local News
Cabinet approves USD10 mn Govt. borrowing from HNB: The Cabinet has approved a credit agreementwith Hatton National Bank [HNB: LKR149] to finance the construction of 210 steel bridges in Sri Lanka.
proposal made by President Mahinda Rajapaksa in his capacity as the Minister of Finance and Planning, the
Government will enter into a loan agreement with the HNB to borrow US dollars equivalent to GBP6,779,243
for the project.
[Source: www.ft.lk]
21 Acts to be revamped for Budget boost: Cabinet approval was given yesterday to revamp a slew of Acts topave way for 2013 Budget proposals to be implemented. Accordingly, a total of 21 new bills will be
presented to Parliament in the coming weeks. These include amendments to the Value Added Tax Act,Inland Revenue Act, Nation Building Tax, Ports and Airports, Economic Service Charge, Finance Act, Tax
Appeals commission and Customs Ordinance. Interestingly, the Betting and Gaming (Amendment) Bill will
also be presented to Parliament along with Strategic Development Projects (Amendment) Bill and Excise
Ordinance (Amendment) Bill.
[Source: www.ft.lk]
Tea auctions brew fresh all time record prices: Three all-time record prices, established on 13 and 19February 2013, were improved by the same factories at this weeks sale. These all-time record prices were
established in Ex-Estate and High and Medium catalogues of Forbes & Walker Tea Brokers Ltd. Court Lodge
Estate Pekoe 1 grade established a new all-time record price of LKR1,500 per kilogram, improving on the
LKR1,300 per kilogram established by them on 19 February 2013 for the same grade in the Nuwara Eliya
category. Pedro Estate established a new all-time record price of LKR1,350 per kilogram, for a OP Grade,improving on the LKR1,000 per kilogram established by the same estate on 13 February 2013 for the same
grade in the Nuwara Eliya category. Craighead Estate FBOP Grade established a New all Time Record price of
LKR740 per kilogram, improving on the LKR720 per kilogram established by them on 19 February 2013 for
the same grade in the Western Medium category.
[Source: www.ft.lk]
Sri Lanka's 'B+' rating confirmed by S & P, amid warnings: Standard and Poor's Ratings Services hasconfirmed a 'B+' sovereign rating for Sri Lanka with a 'stable' outlook but warned of a bloated state sector
and institutions that lack transparency and independence. "We affirmed the ratings to reflect our view of Sri
Lanka's weak external liquidity, a moderately high and increasing net external liability position,"S & P said in
a statement. Additional rating constraints include the country's fundamental fiscal weaknesses, and theattendant high government debt and interest burdens. Ratings were supported by strong growth prospects
and limiting inflation to single digits, the agency said. Inflation may moderate as the rupee stabilizes.
[Source: www.lbo.lk]
http://www.lbo.lk/http://www.lbo.lk/ -
7/29/2019 Daily Trade Journal -01.03
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Softlogic Equity Research Page | 6
Global News
Chinas Manufacturing Expands at Below-Forecast Pace: Two Chinese manufacturing indexes showed aslower-than-estimated pace of expansion, a signal the nations economic recovery may be losing steam. The
official Purchasing Managers Index was 50.1 in February, the weakest in five months and down from 50.4 in
January, a report from the National Bureau of Statistics and China Federation of Logistics and Purchasing
showed today in Beijing. A separate gauge from HSBC Holdings Plc and Markit Economics dropped to a four-
month low of 50.4 from 52.3. Readings above 50 indicate expansion. Contractions at small and mid-sized
manufacturers in the official survey underscore the headwinds Chinas new government will face when it
takes power this month after the annual session of parliament. Li Keqiang, set to become premier, faces the
task of sustaining a rebound in growth without triggering a resurgence in inflation and banks bad debts.
[Source: www.bloomberg.com]
German Retail Sales Post Biggest Monthly Jump in Six Years: German retail sales rose the most in morethan six years in January as falling unemployment bolstered consumer confidence. Sales, adjusted for
inflation and seasonal swings, jumped 3.1% from December, when they dropped 2.1%, the Federal Statistics
Office in Wiesbaden said today. Thats the biggest increase since December 2006, the office said. Economistsforecast a 0.9% gain, according to the median of 20 estimates in a Bloomberg News survey. From a year
earlier, sales rose 2.4%. The German economy, Europes largest, is recovering from its fourth-quarter slump.
Factory orders, industrial production and exports rose in December and sentiment has improved among
entrepreneurs, investors and consumers. With unemployment near a two-decade low and a shortage of
skilled labor, German workers won wage deals of as much as 6.5% last year.
[Source: www.bloomberg.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
Horana
Madushanka Rathnayaka
No. 101, 1/1, Aguruwathota Road, Horana
+94 34 7451000, +94 77 3566465
Negambo
Krishan Williams
No. 121, St. Joseph Street Negambo
+94 31 2224714-5, +94 77 3569827
Kurunegala
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
+94 37 2232875, +94 77 3615790
Matara
Lalith Rajapaksha
No.8A, 2nd Floor, FN Building, Station Road, [email protected]
+94 41 7451000, +94 77 3031159
Dihan Dedigama
+94 11 7277010, +94 77 7689933
Chandima Kariyawasam
+94 11 7277058, +94 77 7885778
Shafraz Basheer
+94 11 7277054, +94 77 2333233
Sonali Abayasekera
+94 11 7277059, +94 77 7736059
Thanuja De Silva
+94 11 7277053, +94 77 3120018
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