Friday, January 17, 2014

Today 6,131.05 3,407.94 Point Change - 35.93 - 19.11 % Change -0.58 % q -0.56 % q

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

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3.7% 4.4% 1,647.8 833.2 90.4 38.6 2,550.7 -80.2 947.8 1,028.0 0.6

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]

Profit taking on counters with heavy gains

CSE Diary for 17.01.2014

ASPI in red, erases some of the gains: The market was on a positive note only for a few minutes during the day as the buy side weakened amidst heavy gains last few days. Strong selling pressure emerged as profit taking took center stage. The market ended with a dip of 35 points with Ceylon Tobacco, John Keells Holdings and NDB Capital Holdings weighing negatively on the index. Large crossing in JKH: John Keells Holdings recorded 3 crossings for the day accounting for 3.3mn shares changing hands at LKR238.0. The crossings contributed 48% to the days turnover. On-board trading was also heavy in the counter. However selling pressure saw the counter dip 0.9% to LKR238.0. A crossing each was registered in Lanka Orix Finance and Commercial Bank with the former witnessing 25mn shares at LKR3.2 and the latter witnessing 500k shares at LKR127.0. Retail counters dominate Board: The Finance [Non-

Voting] emerged in the top turnover list yet again but saw heavy selling pressure with profit taking following the sharp gains in the previous few days. The counter recorded 5.1mn shares for the day with it trading between LKR7.7 and LKR8.9 as it finally settled at LKR8.0 (-7.0%). Blue Diamonds also witnessed significant investor interest but its early gains were short lived as the counter closed flat at LKR3.7. Retailers take profit: Retail interest during the day was high with The Finance [Non-Voting] at the top of the list. Blue Diamonds [Voting], [Non-Voting], Touchwood and Colombo Land were some of the other counters with retail interest but saw a downward trend in line with the market sentiment.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) as at 17.01.2014 Inflation (%) Dec-13 YoY Change Annual Avg Week ending 17.01.2014 6.86 7.02 7.15 9.45 -23.92 4.7 6.9

6200 6100 6000 5900

Index

5800
5700 5600

ASPI
3400

Turnover LKR ('mn)

3500

2,000 1,500 1,000 500

100.0

80.0
60.0

Volume ('mn)

Index

3300

3200
3100

40.0
20.0

3000

0.0

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 6,131.1 3,407.9 1,647.8 12.6 90.4 245 2,550.7 947.8 1,028.0 -80.2 16.5 2.0 2.8 Today 13,703.3 20,803.2 2,803.2 1,826.2 733.4 3,217.0 607.7 3,030.6 759.2 159.4

Pre Day 6,167.0 3,427.1 1,865.6 14.3 91.7 243 2,565.7 917.7 364.7 552.9 16.6 2.0 2.8 Pre Day 13,797.5 20,938.9 2,791.6 1,844.1 737.2 3,237.0 609.0 3,022.7 765.1 158.5

Change % -0.58% q -0.56% q -11.67% -11.67% -1.49% 0.82% -0.58% 3.29% 181.85% -114.51% -0.58% -0.58% 0.00% % Change -0.68% -0.65% 0.42% -0.97% -0.52% -0.62% -0.21% 0.26% -0.77% 0.57% q q p q q q q p q p

Last Week 6,083.1 3,384.5 1,384.1 10.6 59.3 247 2,530.8 579.2 651.2 -72.0 16.4 2.0 2.9 Last Week 13,596.3 20,623.1 2,782.5 1,809.2 707.0 3,220.4 583.5 2,962.9 756.0 159.6

% WoW Change 0.79% 0.69% 19.05% 19.05% 52.29% -0.81% 0.79% 63.65% 57.86% 11.35% 0.79% 0.79% -3.45% % WoW Change 0.79% 0.87% 0.74% 0.94% 3.73% -0.11% 4.14% 2.28% 0.43% -0.13%

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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 9.2% 8.8% 2.7% 4.5% 2.6% 3.9% 2.5% 3.0% 2.0% 1.7% 2.4% 1.4% 1.3% 1.6% 1.2% 1.1%

Volume 3,977,353 75 495 646 5,960 659,455 580 1,634,379 13,043 17,906 6,298 2,255 820 170,168 41,819 8,901

Turnover LKR ('000) 946,720.36 91.31 175.79 1,379.47 222.11 83,592.93 356.76 15,199.41 2,057.61 1,873.99 1,273.50 162.83 120.04 25,669.50 7,514.05 580.22

Turnover USD ('000) 7,245.52 0.70 1.35 10.56 1.70 639.76 2.73 116.33 15.75 14.34 9.75 1.25 0.92 196.46 57.51 4.44

Intraday High (LKR) 242.00 1,220.30 365.00 2,149.10 38.00 127.90 620.00 9.30 159.00 105.00 203.00 72.50 146.60 152.50 181.00 67.90

Intraday Low (LKR) 237.10 1,201.00 350.00 2,113.00 37.00 125.50 615.00 9.20 155.00 104.20 201.00 72.00 146.00 150.00 177.00 65.00

Close 238.00 1,201.60 350.00 2,139.50 37.00 126.00 615.00 9.30 158.10 105.00 203.00 72.50 146.50 150.90 180.00 65.20

Price Gainers
Company
PC HOUSE EQUITY PCH HOLDINGS PRINTCARE PLC LAKE HOUSE PRIN.

Price Losers
Today 0.60 31.30 1.20 32.00 109.00 Change + 0.10 + 3.00 + 0.10 + 1.80 + 6.00 % Change Company 20.00% 10.60% 9.09% 5.96% 5.83%
HAPUGASTENNE CIFL MACKWOODS ENERGY TOUCHWOOD SOFTLOGIC CAP

Today 30.60 1.00 7.10 3.10 4.30

Change - 3.20 - 0.10 - 0.70 - 0.30 - 0.40

% Change -9.47% -9.09% -8.97% -8.82% -8.51%

Top 05 Performers for the Day

Company
JKH COMMERCIAL BANK LANKAORIXFINANCE THE FINANCE CO.[NON VOTING] BLUE DIAMONDS

Today 238.00 126.00 3.30 8.00 3.70

Pre Day 240.20 126.60 3.30 8.60 3.70

% Change -0.92% -0.47% 0.00% -6.98% 0.00%

Volume (mn) 3.98 0.66 25.89 5.13 10.67

Contribution to Total T/O 37.1% 3.3% 3.3% 1.7% 1.6%

Turnover (LKR) 946,720,360 83,592,934 82,932,965 42,691,951 41,546,652

Most Active
Company
LANKAORIXFINANCE BLUE DIAMONDS BLUE DIAMONDS[NON VOTING] TOUCHWOOD THE FINANCE CO.[NON VOTING]

Today 3.30 3.70 1.30 3.10 8.00

Pre Day 3.30 3.70 1.30 3.40 8.60

% Change 0.00% 0.00% 0.00% -8.82% -6.98%

Volume (mn) 25.89 10.67 8.72 7.23 5.13

Contribution to Turnover Total T/O (LKR) 3.3% 82,932,965 1.6% 41,546,652 0.5% 12,111,961 1.0% 24,302,495 1.7% 42,691,951

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Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan UK USA Dollar Yuan Euro Rupee Yen Pound Dollar Indicative Rate 17.01.2014 115.05 21.59 177.87 2.12 1.25 213.40 130.66

CSE Announcements
Dividends
Company 0 0 0 0 0
Company Description

DPS (LKR) 0.00 0.00 0.00 0.00 0.00

Proportion 0 0

XD Date 0 0 0 00-Jan-00 00-Jan-00

XR Date

Payment Date 1/0/1900 1/0/1900 1/0/1900 00-Jan-00 00-Jan-00

Renunciation

Rights Issues / Scrip Dividend / Sub division / Capitalization

0 0 0 0 0 0 1/0/1900 1/0/1900 1/0/1900 1/0/1900 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 0.00% 0.00%

Key Corporate Diclosures

No announcements.

Material Dealings by Related Parties of Listed Companies

Company NO MATERIAL DEALINGS Name 0 0 Relationship 0 0 Transaction 0 0 Quantity 0 0 Price (LKR) 0.00 0.00 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 16,417.0 3,155.4 6,832.3 15,734.5

Change -64.9 5.2 16.8 -12.7

Change % -0.39% q 0.17% p 0.25% p -0.08% q

Time* 16:31 06:05 06:05 01:28

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 94.46 86.10 570.75 1,241.60 333.15

Change 0.50 -0.09 -2.00 1.40 -1.10

Change % 0.53% p -0.10% q -0.35% q 0.11% p -0.33% q

Time* 05:51 05:52 05:49 05:51 05:52

Source: www.bloomberg.com

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TOP STORIES
Local
Economic outlook 2014 SL will show all characteristics of growth of small developing countries: Dr. Kelegama In 2014, Sri Lanka will show all characteristics of growth of small developing countries as I mentioned above with IT services exports, tourism and remittances playing a role in overall growth. With close to 6 percent GDP public investment in physical infrastructure as announced in the 2014 Budget, the debt financed government-led growth with some spillovers to private sector activities like construction will be visible in the economy. Perhaps the growth rate will be between 7 percent and 7.5 percent a reasonably high rate from an Asian perspective. [Source: www.dailymirror.lk] Sri Lanka interest rates tighter ahead of dollar inflow Sri Lanka's overnight market rates and medium term bond yields picked up slightly ahead of an expected liquidity flood from a sovereign bond sale, dealers said. Excess liquidity in money markets dropped 12.9 billion rupees on Thursday from 53 billion rupees a week earlier, with the monetary authority withdrawing cash. Next week, proceeds of a billion US dollar bond are expected in the country. Liquidity will be generated from the bond in money markets to the extent dollars are sold by the Treasury to finance its domestic expenses. [Source: www.lbo.lk] Tea exports top $ 1.5 b target in 2013 Sri Lanka has succeeded in exceeding the target of $ 1.5 billion in tea exports in 2013. According to Sri Lanka Customs data analysed by Siyaka Research, tea exports in 2013 at 319 Mkg equalled the 2012 total. The Rupee value of exports however jumped 11% from Rs. 180 billion in 2012 to a record Rs. 199 billion in 2013. The approximate US Dollar value of exports of these earnings is a highest ever $ 1.558 billion. The previous record was the revised figure of $ 1.490 billion released by the Sri Lanka Tea Board in 2011, Asiya Siyaka Commodities Plc said. [Source: www.ft.lk] Sri Lanka remains vulnerable to tightening of global financial conditions: World Bank Despite high economic growth and low inflation, Sri Lanka remains vulnerable to tightening of international financial conditions due to its high external debt, the World Banks latest Global Economic Prospects (GEP) report, issued Tuesday, says. The external debt as a share of GDP is modest in most South Asian countries, but in Sri Lanka, it is close to 80% of GDP, according to the GEP report. Sri Lankas large current account deficit, high foreign debt, and openness to capital flows suggest that it remains especially vulnerable to tightening of international financial conditions. [Source: www.ft.lk]

Global
China's growth expected to beat official target China's economy grew at a faster pace last year than the government's official target, according to a CNNMoney survey of economists. Gross domestic product grew by 7.7% in 2013 over the previous year, according to the survey's median estimate -- stronger than the government's target of 7.5%. But overall, China's economy is slowing after recording 7.8% GDP growth in 2012 and 9.3% in 2011. The economists estimated growth in the final quarter of 2013 slowed to 7.6% following a 7.8% peak in the third quarter. The Chinese government will announce official data on Jan. 20. [Source: www.money.cnn.com] U.K. Retail Sales Exceed Forecasts With 2.6% Christmas Surge U.K. retail sales rose more than economists forecast in December, led by a surge at department stores and smaller shops during the key Christmas season. Sales including fuel increased 2.6 percent from November, the Office for National Statistics said today in London. Thats the strongest December since records began in 1996. The median forecast of 22 economists in a Bloomberg News survey was for a 0.3 percent gain last month. Department stores posted a record 8.7 percent increase in sales. [Source: www.bloomberg.com]

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Softlogic Equity Research

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