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Thursday, July 11, 2013

Today 6,062.38 3,392.90 Point Change + 46.33 + 27.82 % Change 0.77 % p 0.83 % p

ASPI S&P SL 20 Index YTD Performance ASPI S&P SL 20 Index


Level 23, East Tower, World Trade Centre, Colombo 01 Tel: +94 11 727 7000, Fax: +94 11 727 7099 Email: research@equity.softlogic.lk

7.4% 10.0% 241.8 905.7 17.5 40.1 2,328.3 7.0 28.7 21.8 15.6

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]

Heavyweights drive indices up amidst a dormant trace

CSE Diary for 11.07.2013


Indices denote sharp gains on low volume: Market activity extended its dormant pace with the turnover continuing to stand far below the annual average daily turnover. The benchmark index gained 51 points during early trading on low volume before stagnating at around 6,060 points at mid-day. Gains in key determinant; John Keells Holdings (+3.1%) primarily weighed on indices as the ASPI secured a gain of 46 points at its close and the S&P SL20 closed up 27 points. JKH spearheaded turnover amidst the absence of crossings: John Keells Holdings edged up to dominate the days turnover with the counter gathering focus having touched LKR257.0 at its intra-day high before closing with a 3.1% gain at LKR253.3 denoting some selling pressure. Turnover remained in the low territory in the absence of offboard blocks.

Diversified and BFI players collectively added 47% to the turnover: Hemas Holdings saw some renewed interest backed by a block of 197k shares which was transacted at LKR34.0. Seylan Bank [Non-Voting] and Sanasa Development Bank denoted some buying interest as each gained 1.4% and 6.1% at their close respectively. Lanka IOC followed JKH in the top turnover slot driven by a three sizeable on-board blocks which were dealt at its intra-day low of LKR25.0. Retailers remain cautious: Retailers continued to be on the sidelines given the sluggish trend of the bourse. PC House, Nation Lanka Finance and Sanasa Development Bank saw some activity.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) Inflation (%) Jun-13 as at 11.07.2013 YoY Change Annual Avg Week ending 12.07.2013 8.63 10.64 11.94 -28.25 6.8 8.6 9.68

6300 6200

Index

6100 6000 5900 5800

ASPI
3500

Turnover LKR ('mn)

3550 3450 3400 3350 3300 3250

4,000 3,000 2,000 1,000 0

120.0 100.0 80.0 60.0 40.0 20.0 0.0

Volume ('mn)

Index

S&P SL20

Turnover

Volume

Today All Share Price Index S&P SL20 Index 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 Beverage, Food & Tobacco Construction & Engineering Diversified Healthcare Hotels & Travels Land & Property Manufacturing Plantation Telecom 6,062.4 3,392.9 241.8 1.9 17.5 229 2,328.3 28.7 21.8 7.0 16.2 2.2 2.3 Today 13,197.5 19,120.2 2,812.0 1,937.8 654.6 3,354.7 588.2 3,057.2 752.7 160.8

Pre Day 6,016.1 3,365.1 228.2 1.7 31.9 228 2,310.5 43.8 35.7 8.1 16.1 2.2 2.4 Pre Day 13,095.2 19,008.4 2,790.7 1,913.1 641.8 3,360.5 588.6 3,030.6 742.0 159.8

Change % 0.77% p 0.83% p 5.96% 5.96% -45.13% 0.44% 0.77% -34.49% -39.09% -14.22% 0.24% 0.70% -4.17% % Change 0.78% 0.59% 0.76% 1.29% 2.00% -0.17% -0.06% 0.88% 1.45% 0.63% p p p p p q q p p p

Last Week 6,073.2 3,399.5 738.1 5.7 25.1 219 2,332.4 269.6 227.9 41.7 16.5 2.2 2.3 Last Week 13,192.4 19,156.5 2,804.8 1,946.5 657.9 3,399.3 591.6 3,093.8 758.9 156.2

% WoW Change -0.18% -0.19% -67.24% -67.24% -30.30% 4.57% -0.18% -89.35% -90.46% -83.33% -1.63% -1.62% 0.00% % WoW Change 0.04% -0.19% 0.26% -0.45% -0.50% -1.31% -0.57% -1.18% -0.82% 2.91% Page | 2.

Softlogic Equity Research

High Index Calibre USD350 Mn


Company
JOHN KEELLS HOLDINGS CEYLON TOBACCO CARSON CUMBERBATCH NESTLE LANKA SRI LANKA TELECOM COMMERCIAL BANK [V] BUKIT DARAH DIALOG AXIATA HNB [V] AITKEN SPENCE DISTILLERIES LOLC CARGILLS DFCC BANK SAMPATH BANK ASIAN HOTELS & PROPERTIES

% of Mkt Cap 9.3% 8.0% 3.5% 4.5% 3.1% 3.9% 3.0% 3.0% 2.1% 2.2% 2.5% 1.2% 1.6% 1.5% 1.4% 1.4%

Volume 159,468 10,368 83 0 3,125 32,917 46 24,876 14,113 1,008 2 50 3,588 18,317 22,594 304

Turnover LKR ('000) 40,467.64 10,327.02 34.80 0.00 126.25 3,776.78 31.74 212.96 2,224.27 126.49 0.38 2.90 592.02 2,403.73 4,424.69 21.58

Turnover USD ('000) 309.90 79.08 0.27 0.00 0.97 28.92 0.24 1.63 17.03 0.97 0.00 0.02 4.53 18.41 33.88 0.17

Intraday High (LKR) 257.00 999.00 425.10 0.00 41.70 115.00 690.00 8.70 159.50 127.00 192.00 57.90 165.00 132.00 200.00 71.00

Intraday Low (LKR) 249.90 995.00 415.00 0.00 39.40 114.50 690.00 8.50 156.00 124.00 192.00 57.90 165.00 130.00 194.00 71.00

Close 253.30 997.30 419.30 1,950.00 40.40 114.50 690.00 8.70 156.80 126.20 192.00 57.90 165.00 131.30 194.60 71.00

Price Gainers
Company
G S FINANCE MIRAMAR KELSEY TESS AGRO ENVI. RESOURCES [W 0006]

Price Losers
Today 598.80 66.40 22.20 2.10 2.20 Change + 98.80 + 7.60 + 2.20 + 0.20 + 0.20 % Change Company 19.76% 12.93% 11.00% 10.53% 10.00%
SERENDIB LAND PC PHARMA CITRUS HIKKADUWA PCH HOLDINGS PC HOUSE

Today 1,301.00 2.20 24.20 1.80 1.30

Change - 399.00 - 0.30 - 2.80 - 0.20 - 0.10

% Change -23.47% -12.00% -10.37% -10.00% -7.14%

Top 05 Performers for the Day


Company
JKH LANKA IOC CEYLON TOBACCO SEYLAN BANK[NON VOTING] SANASA DEV. BANK

Today 253.30 25.00 997.30 35.60 80.40

Pre Day 245.60 25.20 996.00 35.10 75.80

% Change 3.14% -0.79% 0.13% 1.42% 6.07%

Volume (mn) 0.16 0.84 0.01 0.26 0.10

Contribution to Total T/O 1.7% 0.9% 0.4% 0.4% 0.4%

Turnover (LKR) 40,467,641 21,103,050 10,327,020 9,406,625 8,331,855

Most Active
Company
PC HOUSE S M B LEASING BLUE DIAMONDS[NON VOTING] LANKA IOC CIFL

Today 1.30 0.80 1.10 25.00 1.50

Pre Day 1.40 0.80 1.10 25.20 1.50

% Change -7.14% 0.00% 0.00% -0.79% 0.00%

Volume (mn) 3.74 1.11 1.07 0.84 0.82

Contribution to Total T/O 0.2% 0.0% 0.1% 0.9% 0.1%

Turnover (LKR) 5,153,669 887,300 1,179,927 21,103,050 1,233,087

Softlogic Equity Research

Page | 3.

Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan UK USA Dollar Yuan Euro Rupee Yen Pound Dollar Indicative Rate 11.07.2013 120.89 21.29 170.95 2.18 1.32 197.28 130.58

CSE Announcements
Dividends
Company Dankotuwa Porcelain Plc Vidullanka Plc 0 0 0
Company Description

DPS (LKR) 0.40 0.05 0.00 0.00 0.00


Proportion 1 for 10 0

XD Date 12-9-2013 01-8-2013 0 00-Jan-00 00-Jan-00


XR Date

Payment Date 20-09-2013 12-08-2013 1/0/1900 00-Jan-00 00-Jan-00


Renunciation

Rights Issues / Scrip Dividend / Sub division / Capitalization


Tokyo Cement 0 0 capitalization 0 0 08/8/2013 1/0/1900 1/0/1900 12/8/2013 1/0/1900 1/0/1900

Source: www.cbsl.gov.lk

New Listing
Company No New Listings 0 Type of Security Code 1/0/1900 1/0/1900 Board 1/0/1900 1/0/1900 Offer Price 1/0/1900 1/0/1900

Key Corporate Diclosures


No Corporate Disclosures

Material Dealings by Related Parties of Listed Companies


Company NO MATERIAL DEALINGS Name 0 0 Relationship 0 0 Transaction 0 0 Quantity 0 Price (LKR) 0.00 0 Date 0 0

Global Markets
Index AMERICA Dow Jones Industrial Average EUROPE EURO STOXX 50 Price EUR FTSE 100 Index ASIA Nikkei 225
* Time is as at ET

Value 15,291.7 2,684.4 6,547.2 14,472.6

Change -8.7 24.7 42.2 56.0

Change % -0.06% q 0.93% p 0.65% p 0.39% p

Time* 16:36 07:07 07:06 02:28

Source: www.bloomberg.com

Commodity Markets
Commodity ENERGY Crude Oil (WTI) AGRICULTURE ICE Cotton #2 CBOT Wheat METALS COMEX Gold COMEX Copper
* Time is as at ET

Units USD/bbl. USd/lb. USd/bu. USD/t oz. USd/lb.

Price 106.00 86.81 683.50 1,283.70 318.45

Change -0.52 0.02 4.50 36.30 9.35

Change % -0.49% q 0.02% p 0.66% p 2.91% p 3.02% p

Time* 06:49 06:48 07:05 06:49 06:49 Page | 4.

Source: www.bloomberg.com

Softlogic Equity Research

TOP STORIES
Local
Sri Lanka eyed by China investment fund China Highland Capital Management (HCM), an investment fund founded by the provincial Yunnan government, had visited Sri Lanka seeking investment opportunities, the island's securities regulator said. "The visit was to explore the possibilities of investing in private equity, listed equity and the debt market in Sri Lanka and another country in the Asian region, " Sri Lanka's Securities and Exchange Commission said in a statement. [Source: www.lbo.lk] Sri Lanka Hayleys wins oil services outsourcing work Sri Lanka's Hayleys Energy Services, a unit of listed Hayleys Plc said it has started providing services to international oil firms through a business process outsourcing arm. Already ConocPhillips and TAQA were clients of its BPO service, chief executive Chas Charles told an oil and gas exploration conference in Colombo. He said the firm was chasing more business among other petro firms. The company was offering services including working with design software. [Source: www.lbo.lk] Govt.s urban development drive kick-starts $ 2.5 b in new private sector investment The Governments efforts in improving urban development have resulted in the generation of $ 2.5 billion worth of investment projects by the private sector, according to Finance Secretary Dr. P.B. Jayasundera. The transformation of the urban landscape here in Colombo as well as in many major townships is a success story in itself and in improving investment climate ". [Source: www.ft.lk] Rupee steady; Bourse rebounds The rupee spot ended flat at 130.60 per dollar on Wednesday at a near eight-month low, but currency dealers said banks were compelled to trade on spot-next as there was no effective spot rate in the market. Currency dealers said though there were offers up to 131.10 for the rupee spot rate, none of the banks were trading spot after the Central Bank, though State banks, guided the market to hold the rupee at 130.60. [Source: www.ft.lk]

Global
BOJ Cites Recovery in Japans Economy for First Time Since 2011 The Bank of Japan maintained course on its unprecedented monetary stimulus and upgraded its view of the economy, referring to a recovery for the first time since before a record 2011 earthquake. We believe we have taken sufficient measures to achieve the price stability target of 2 percent in a time horizon of two years, Governor Haruhiko Kuroda told reporters today in Tokyo. Im confident we can achieve the target although we may need to address upside and downside risks. [Source: www.bloomberg.com] Draghis Time Horizon for Rates Seen to Exceed a Year: Economy For Mario Draghi, an extended period of time lasts longer than a year, according to economists surveyed after the European Central Bank president used the phrase in a pledge to keep interest rates low. More than three-quarters of respondents in the Bloomberg monthly survey of 50 economists said that Draghis definition is more than 12 months, while 10 said it could be anywhere between six months and a year. The Frankfurt-based central bank will keep its benchmark interest rate unchanged until at least 2015, the median forecast of 34 economists shows. [Source: www.bloomberg.com] Page | 5. Softlogic Equity Research

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imalka.hettiarachchi@equity.softlogic.lk
+94 11 7277032

Branches Softlogic Equity Sales


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