daily trade journal - 08.04.2013
TRANSCRIPT
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7/28/2019 Daily Trade Journal - 08.04.2013
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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]
2.4%
7.7%
ASPI
S&P SL 20 Index
+ 11.44
+ 9.28
5,777.38
3,321.81
ASPI
Monday, April 08, 2013
796.6
% ChangePoint ChangeToday
20.2
398.0
0.20 %
0.28 %
2,216.0
YTD Performance
S&P SL 20 Index
38.1
34.9
5.5
51.3
16.4
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 08.04.2013ASPI continues its green ride: Colombo stocks
settled in the green for yet another day taking the
count to 5 consecutive days.As expected with theweek falling just before the New Year holidays,
turnover and activity of the market dipped with
todays turnover recording a mere LKR398mn.
However the bourse was on an uptrend supported
by Distilleries, Vallibel One and Carsons allowing
the index to gain by 11 points. S&P SL20 saw a
more volatile path but also gained 9 points.UBC top performer for 2nd consecutive day: Union
Banksaw heavy investor interest extending Fridays
gains as it reached a new 52-week high price of
LKR23.7. A high level of retail interest was noted in
the counter as it traded 2.8 mn shares closing on
positive note at LKR22.6 (+2.3%). Pan Asia Bank
recorded the only off-market deal for the day with
1.1mn shares changing hands at LKR21.0.
BFI stayed steady with continued interest: Banking
and finance sector generated turnover but saw
some selling pressure in selected counters.
Sampath Bank and Commercial Bank which
completed their scrip dividend and cash dividend
last week generated selling pressure as the former
closing flat and latter closing with a dip of 0.4%.
Further interest was noted in Nations Trust Bank,
National Development Bankand DFCC.Improved retail activity: Retail activity was heavy in
Union Bank, but the rest of the market saw a
declining trend in the retail segment primarily led
by the upcoming holiday season.
Turnover dips ahead ofNew Year holidays
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Statistical Look Up
Treasury Bill (%) 05.04.2013
9.26
10.25
11.35
13.76
Inflation (%) Mar-13 7.5
8.8
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 q
Beverage, Food & Tobacco p
Construction & Engineering p
Diversified p
Healthcare p
Hotels & Travels p
Land & Property p
Manufacturing p
Plantation q
Telecom q
596.9 594.7 0.38% 580.5 2.83%
804.6 810.8 -0.77% 791.3 1.69%
2,593.8
3,291.1
2.92%
3,382.3
488.6
0.60%2,568.5
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 08.04.2013
Today
-46.71
169.1
2.3
2,583.8
16,186.3
2,683.9
1,903.4
13,313.9
Pre Day
0.00%
169.7 167.3-0.35%
13,054.2
16,113.9
1,893.4
3,352.6
474.7
0.88%
2,669.5
1,889.6
-0.44%
0.45%
0.64%
0.52%
2,666.9
16,040.8
474.3
206.8
51.2
155.6
Change %
5,765.9
3,312.5
2.3
0.20% 15.4
Pre Day
Week ending
0.54%
32.04%
8.22%
1.27%
1.22%
1.27%
219
2,188.3
5,705.2
3,281.6
15.3
1.27%
0.00%
0.28%
2,216.0
2.3
51.3
-37.25%
-37.25%-15.34%
-4.05%
3.220.2
237
3,321.8
634.2
5.0
247
398.0
0.20%
-75.21%
-67.96%
Today
34.9
2.1
16.4
15.6
5,777.4
2,211.6
23.9
-1.28%
-1.28%
% WoW
ChangeLast Week
403.2
3.2
1.99%
0.91%
0.20%
1.03%
0.73%
2.77%
3.01%
% WoW
ChangeLast Week
1.27%
-35.86%
-17.60%
-41.91%
79.9
-0.39%
2.1
19.9
60.0
13,373.0
% Change
0.20%2.1
-77.60%
15.6
5600
5650
5700
5750
5800
Index
ASPI
3150
3200
3250
3300
3350
Index
S&P SL20
0.0
50.0
100.0
150.0
200.0
0
500
1,000
1,500
2,000
2,500
3,000
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
UNION BANK
KEGALLE
CARSONS
PAN ASIA
VALLIBEL ONE
Most Active
68.10 + 16.60 32.23% HYDRO POWER 6.00 - 0.70 -10.45%
-7.89%
-7.90%
-8.33%
-8.33%
179.90
26.00
6.20
+ 20.20
17.50
Today Pre Day
20.50
21.00
2.90
+ 239.00
DISTILLERIES
40,275
75,603
UNION BANK 22.60
Company
601
5,407
100
CITRUS KALPITIYA
CEYLON PRINTERS
Company Today
1.5%
GESTETNER
HUEJAY
62,899
5,639.03
15.30
4 3.15
1.4%
Change
1,050.00
Company% of
Mkt CapVolume
97.21
8.70%
7.41%
117.00
2.23%
1.6%
2.3%
Change
- 0.10
- 0.40
- 12.10
- 3.00
% Change
220.90
21.00
16.10
440.20
HAPUGASTENNE
+ 3.00
NATION LANKA [W 0021]
71.40
140.20
1,750.30
113.10
450.001,774.00
224.94
97.01
4.0%
2.2%
1.2%
210
88,107
1,380
1,304
4.2%
165.00
56.00
3.3%
165.00
55.10
450.00
3.5%
0.03
1,749.80
114.00
156.25
8.97
LOLC
AITKEN SPENCE 120.90
2.2% 0.77
1,127.63
163.00
35,600.452,850.99
283.2022.68
445.00
712.00
9.20
JOHN KEELLS HOLDINGS 49,475
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 0
1.7%
80,0011,629
26,812
9.6%
6.7%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
4.0%
3.3%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
Turnover
USD ('000)
1.1029.47%
Intraday
Low (LKR)
Turnover
LKR ('000)
7,141.86
299.14
56.81
1.18
780.00
12,220.45
Intraday
High (LKR)
247.50
1.24
140.00
219.70
119.50
160.60
43.00
9.00
% Change
0.00
1.79
148.22
795.43
2.38
Today
12.65%
Turnover
(LKR)
153.00
6.33
0.12
113.00
55.00
153.00
42.00
16,632.96
0.00
220.00
163.00
42.70
705.50
0.00
141.00
35.00
TodayCompany
153.00
LANKEM CEYLON
4.40
132.31
0.00
29,916,850
3,672,982
44.86
ASIA CAPITAL
COMM LEASE & FIN
Pre Day
10.24%20.50 2.9%2.75
Volume (mn)% Change
13.04%
+ 0.80 14.81%
22.60
CompanyContribution to
Total T/O
140.90
0.2%
0.1%
1.26
2.75
1.43
2.70
4.09%112.40
0.08
1.43-2.86%
0.84
10.24%
-2.86%
0.00%
1.4%
0.9%
1.4%
Contribution to
Total T/O
2,384,611
8.70%
16.10
PANASIAN POWER 2.90
450.00
20.40
17.50
PC HOUSE 2.90
PAN ASIA 20.40
% Change
VALLIBEL ONE
63,639,481
29,916,850
20,523,052
44,173,810
35,600,450
1.20
0.38
1.20
0.9% 20,523,052
63,639,481
2.0%
Volume (mn)
2.9%
Turnover
(LKR)
1.6%
163.00
119.50
712.00
9.10
794.00
Close
247.00
787.00
246.90
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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
p
p
p
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 p
COMEX Gold p
COMEX Silver p
COMEX Copper p
* Time is as at ET Source: www.bloomberg.com
Australia
1,576.60 2.30
METALS
ENERGY
Commodity
21,718.1
Units
0
15.7
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
-0.28%
-0.43%
-40.9
Russia
Saudi Arabia
Japan
338.65
USD/t oz.
USD/t oz. 0.03
703.00
4.80
27.21
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
13,192.6
Value
14,565.3
1,553.3
USD/bbl.
USd/lb.
USd/lb.
AMERICA
4.50
-6.7
Change
0.08%0.14
0
0.98
Change %
1.27%
Change %
0.57%
0.15%
1.17%
1.04%
2.80%
-0.04%
0.16%
07:23
07:00
07:07
0-Jan
0-Jan
07:10
07:11
Time*
07:02
07:02
07:03
0.37%
07:02
Company
00-Jan-00
1/0/1900
1/0/1900
6,273.3
Singapore
Switzerland
Thailand
UK
1.38
-8.9
0
2,600.9
134.50
1/0/1900
1/0/1900
4.30
USA
02:28
18.5
1/0/1900
Change
0.60%
359.0
04:01
0
Payment DateDPS (LKR) XD Date
192.83
0.00
0.00 0
0
125.71
0.0033.52
Malaysia
4.00
130.48
20.26
2.29
1.28
41.14
India
Currency
163.34
Indicative Rate
08.04.2013
China
0
USd/bu.
86.90
Price
105.33
93.62
USD/bbl.
101.33
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
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Softlogic Equity Research Page | 5
CSE Announcements
Commercial Credit & Finance [COCR: LKR12.5]: 20 mn ordinary votingshares of the company were listed on the 8
thof April 2013 pursuant to a
capitalization of reserves in the proportion of 1:10.90371825.
National Development Bank [NDB: LKR163.0]: Mr. Rusell de Mel, CEOof NDB will be retiring on 23
rdAugust 2013 and will be resigning from the Board
of Directors. Mr. Rajendra Theagarajah will be appointed as the CEO designate
w.e.f 1st
August 2013 and thereafter as CEO and a Director w.e.f 24th
August
2013.
East West Properties [EAST: LKR13.2]: The Company wishes to announce that the Board of Directors ofWeligama Hotel Properties Limited, a subsidiary of EAST, has informed that Weligama Hotel Properties
Limited has proposed to issue 195,000,000 ordinary voting shares to public by way of a private placement, at
a price of LKR9.00 per share. The funds raised through this share issue will be utilized to part finance the
construction of"Marriott Weligama Bay Resort & Spa". Subsequent to the private placement, EAST will hold
56.66% of the issued share capital of Weligama Hotel Properties Limited.
Dealings By Directors
Local News
Sri Lanka's Bank of Ceylon international bond sale begins: An international bond of sale of Sri Lanka's state-run Bank of Ceylon has got underway with an initial price guidance issued to investors by lead managers, amedia report said. Bloomberg newswires, citing an un-named source said an initial guidance of 5.5% had
been set. The price guidance may be revised later based on demand. The bank said earlier it was looking to
raise USD300 to 500 mn through the bond sale. In 2012 Bank of Ceylon sold a USD500 mn 5-year bond to
yield 6.875% after setting initial price guidance of 7.1%. Sri Lanka's state-run Bank of Ceylon has sold a
USD500 mn 5-year sovereign bond to yield 6.875% a year with the investors oversubscribing the issue 7.7
times.
[Source: www.lbo.lk]
Sri Lanka invites China to invest in mineral sector: Sri Lanka has asked China to invest in the mineral miningand processing sector for export especially in mineral sands and graphite, the trade ministry said. In recent
years Sri Lanka's Treasury has helped expand the trade gap with China by borrowing heavily from its EximBank and others (exporting Sri Lanka government debt to China) for infrastructure projects which are tied to
Chinese material imports and labour. But ordinary Sri Lankan citizens also import goods from China at a
lower cost than from other countries increasing their disposable incomes to purchase more consumer goods,
save or invest, thereby generally bettering their lives. "Sri Lanka wants to upgrade its mineral sector,"Rishad
Bathiudeen, Sri Lanka's minister for trade and commerce was quoted as saying to China's envoy to Colombo
Wu Jianghao. "There is considerable scope for partnership for Chinese firms in this sector here. Lankan
produced graphite, crystals, and ilmenite are of international standards."Sri Lanka's mineral exports to China
rose to USD15.14 mn in 2012 from USD4.47 mn in 2008, the trade ministry said.
[Source: www.lbo.lk]
Tourism industry fumes over new electricity tariff: The countrys tourism industry has expressed seriousreservations over the proposed new electricity tariff, in addition to objecting to it being subjected to a
special category. The industrys opposition was conveyed by the Tourist Hotels Association (THASL) at a
public hearing on the proposed tariffs organised by the Public Utilities Commission. Speaking on behalf of
the industry, THASLs past-president Srilal Miththapala had said the primary objection was that the hotel
Company Name Relationship Transaction Quantity Price (LKR) Date
DFCC Bank [DFCC: LKR140.2] Mr. J M S Brito Chairman Sales 10,000 140.0-140.1 08.04.2013
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Softlogic Equity Research Page | 6
industry has been categorised under the special tariff scheme and imposed a separate rate structure, higher
than the normal industrial tariff. There is no logic whatsoever to consider that hotels are not an industry. In
fact, in the current economic climate, tourism is considered to be one of the main thrust industries, driving
the post war economic revival,Miththapala pointed out. Just because hotels are perceived to be high-end
electricity users, it is wrong to charge us with a higher than the normal punitive tariff, he said, and added:
A proper cost-based rate structure was required, than one based on individual consumer categories.
[Source: www.ft.lk]
Pakistan firm to put up USD15.5 mn cement plant at Hambantota Port: A new business venture, ThattaCement Company Ltd. yesterday signed a business venture agreement with the Sri Lanka Ports Authority to
construct a cement grinding and bagging plant at Magam Ruhunupura Mahinda Rajapaksa Port. Thatta
Cement Company Ltd. is the local subsidiary company of Thatta Cement Company Ltd. in Pakistan. The
proposed plant will employ a closed circuit cement grinding mill, cement and packing plant for cement
manufacture and dispatch. The total investment is concluded as USD15.15 mn to be incurred during the first
five years of operation. This business venture agreement has been signed for a term of 25 years. At the
commencement, minimum guaranteed production volume of the plant will be 100,000 Mt/year and it will be
increased gradually up to 1,000,000 Mt/year at the end of the first decade. Land allocation for this businessventure will be four hectares and that will generate minimum revenue of USD9.9 mn over the 25 years via a
land lease agreement. In addition to that by royalty payment SLPA will earn USD65.5 mn over 25 years. SLPA
will achieve more benefits via this project as it generates a number of vessel movement at the port.
[Source: www.ft.lk]
Mobile phone users surpass 20 mn mark: The number of mobile phones used by 20.8 mn Sri Lankans hitover 20.3 mn for the first time at the end of December 31, 2012, Central Bank data showed. As of December
31, 2011, the number of mobile phones used remained at 18.3 mn. At the end of December 2012, Sri Lankas
telephone density including both mobile and fixed lines was 116%. In contrast, the number of fixed line
telephones in the fourth quarter of 2012 declined 4.4% Year-on-Year to 3.44 mn. The number of internet
and e-mail subscribers during the same quarter grew 61.7% YoY to 1.36 mn.[Source: www.dailymirror.lk]
Global News
Cyprus Woes Threaten East Europe Growth, Development Bank Says: Cypruss bailout threatens slowingeastern European growth through trade and banking links if it sparks capital flight from the most indebted
euro-area nations, the European Bank for Reconstruction and Development said. Another bout of
uncertainty in Europes debt crisis may boost financing costs for banks and potentially trigger an outflow of
large deposits and funding in countries with weaker lenders or sovereigns, EBRD Deputy Chief Economist
Jeromin Zettelmeyer said in an April 5 interview in London. Eastern Europe relied on foreign capital flows
and easy access to credit and export markets to fuel growth of more than 5 percent a year before the globalcrisis of 2008. The Cyprus bailout, where international creditors forced losses on large depositors in
exchange for a EUR10 bn (USD12.8 bn) aid package, may lead to capital flight and weaker growth in
countries such as Italy and Spain, Zettelmeyer said.
[Source: www.bloomberg.com]
Bank of Japan begins stimulus sending Yen lower: The Japanese yen has dropped to its lowest level since2008 against the US dollar after the central bank began the latest round of its stimulus programme. The yen
fell as low as 98.85 against the dollar, before rebounding slightly. Investors said the central bank's plan to
buy assets worth trillions of yen, which has government backing, would continue to weaken the currency.
As a result, the yen may break through the 100 mark against the dollar as early as this week. "This has really
shaken up many people's attitudes toward the Bank of Japan and the new government," said AndrewWilkinson, chief economic strategist at Miller Tabak and Co in New York. "It feels like it's gathered a whole
new momentum behind it, as the doubters have joined the bandwagon and it's becoming a self-fulfilling
prophecy."
[Source: www.bbc.co.uk]
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Softlogic Equity ResearchDimantha Mathew
+94 11 7277030
Kavindu Ranasinghe
+94 11 7277031
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+94 31 2224714-5, +94 77 3569827
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