Tuesday, April 01, 2014

Today 6,001.83 3,299.90 Point Change + 33.52 + 19.98 % Change 0.56 % p 0.61 % 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

1.5% 1.1% 341.5 802.7 9.7 40.3 2,512.0 181.6 198.5 16.9 -6.7

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]

ASPI rallied crossing 6,000 amidst heavyweights leading turnover

CSE Diary for 01.04.2014

Indices rallied crossing the 6,000 mark: Indices rallied as the ASPI surpassed the psychological resistance of 6,000 at its intra-day high of 6,009.61 points before it settled at 6,001.83, the highest close since 18th February 2014. Turnover level was sluggish at LKR341mn however foreigners were on the buying side recording a net inflow of LKR181.6 mn. Leading heavyweights; John Keells Holdings (+2.3%) and Ceylon Tobacco Company (+1.8%) fore fronted the positive weightings list followed by DFCC Bank (+3.6%). The S&P SL20 index saw some volatility amidst losses made in Commercial Bank (-0.8%) and Sampath Bank (-3.7%) yet settled with a gain of 19 points. Heavyweights occupied the top turnover slot: Investors focused on heavyweights as John Keells Holdings and the largest listed banks surrounded the top turnover slot. Buying interest in John Keells Holdings led its price to an intra-day high of LKR233.0 (+2.6%) weighing positively on indices while interest mounted in the largest listed banks; Commercial Bank, Hatton National Bank and Sampath Bank. The latter encountered some selling pressure with its ex-dividend date as the counter dipped 3.7% to LKR175.3 at its close.

Sole crossing in Shalimar: Renewed interest was seen in Shalimar as it recorded a crossing of c.82.5k shares at a new 52-week high of LKR1,400.0.

Retail interest remained low: Retail interest maintained a sluggish momentum despite the uptick of the index. However Lanka IOC, Piramal Glass and John Keells Holdings [Warrants] saw some activity.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) as at 31.03.2014 Inflation (%) Mar-14 YoY Change Annual Avg Week ending 28.03.2014 6.65 7.05 9.04 -12.03 4.2 5.7 6.82

6050 6000

Index

5950 5900
5850 5800

ASPI Turnover LKR ('mn)

3350 3300 3,500 3,000 2,500 2,000 1,500 1,000 500 0 50.0 40.0

Volume ('mn)

Index

30.0
20.0 10.0 0.0

3250 3200

3150

-10.0

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 6,001.8 3,299.9 341.5 2.6 9.7 214 2,512.0 198.5 16.9 181.6 16.0 2.0 2.9 Today 13,300.1 19,408.1 2,762.8 1,802.3 836.7 3,157.9 576.9 2,866.3 719.6 174.5

Pre Day 5,968.3 3,279.9 464.4 3.6 23.4 235 2,498.0 114.0 58.1 55.8 15.9 2.0 2.9 Pre Day 13,288.2 19,273.1 2,734.1 1,780.1 820.9 3,152.0 578.5 2,843.4 717.1 175.0

Change % 0.56% p 0.61% p -26.47% -26.47% -58.60% -8.94% 0.56% 74.16% -71.00% 225.41% 0.56% 0.56% 0.00% % Change 0.09% 0.70% 1.05% 1.24% 1.92% 0.19% -0.28% 0.80% 0.34% -0.29% p p p p p p q p p q

Last Week 5,952.8 3,256.5 416.4 3.2 16.0 239 2,487.0 188.1 220.5 -32.4 15.9 1.9 3.0 Last Week 13,277.2 19,581.9 2,763.3 1,757.6 785.5 3,162.0 572.2 2,854.3 716.3 171.8

% WoW Change 0.82% 1.33% -18.00% -18.00% -39.47% -10.46% 1.01% 5.50% -92.35% -659.93% 1.01% 1.01% -3.33% % WoW Change 0.17% -0.89% -0.02% 2.55% 6.52% -0.13% 0.81% 0.42% 0.46% 1.58%

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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% 8.0% 2.9% 4.3% 3.3% 3.8% 2.4% 3.0% 1.9% 1.6% 2.4% 1.4% 1.2% 1.6% 1.2% 1.0%

Volume 171,646 469 200 115 3,915 191,385 359 10,812 106,425 520 0 1,900 691 17,240 134,463 1,100

Turnover LKR ('000) 39,472.40 504.23 73.00 228.89 178.50 22,893.78 215.25 98.34 16,064.02 50.71 0.00 144.45 94.32 2,513.35 23,467.05 64.00

Turnover USD ('000) 302.01 3.86 0.56 1.75 1.37 175.16 1.65 0.75 122.91 0.39 0.00 1.11 0.72 19.23 179.55 0.49

Intraday High (LKR) 233.00 1,090.00 365.00 2,000.00 46.00 120.40 600.00 9.20 151.00 97.90 0.00 76.30 136.50 150.00 178.00 59.50

Intraday Low (LKR) 226.30 1,050.00 365.00 1,990.00 45.00 118.00 590.00 9.00 150.00 97.50 0.00 75.00 136.50 144.70 173.00 58.00

Close 232.30 1,075.00 365.00 1,993.30 45.40 120.10 599.80 9.10 151.00 97.90 203.00 76.30 136.50 149.10 175.30 58.20

Price Gainers
Company
CIFL PCH HOLDINGS SHALIMAR CITRUS LEISURE [W0019] TESS AGRO [X]

Price Losers
Today 0.80 0.80 1,400.00 1.20 1.20 Change + 0.10 + 0.10 + 150.00 + 0.10 + 0.10 % Change Company 14.29% 14.29% 12.00% 9.09% 9.09%
TALAWAKELLE G S FINANCE TESS AGRO CEYLON PRINTERS SEYLAN BANK [X]

Today 26.10 43.30 1.20 1,300.00 34.50

Change - 4.20 - 6.90 - 0.10 - 100.00 - 2.50

% Change -13.86% -13.75% -7.69% -7.14% -6.76%

Top 05 Performers for the Day

Company
SHALIMAR JKH SAMPATH COMMERCIAL BANK HNB

Today 1400.00 232.30 175.30 120.10 151.00

Pre Day 1250.00 227.00 182.10 123.00 150.00

% Change 12.00% 2.33% -3.73% -2.36% 0.67%

Volume (mn) 0.08 0.17 0.13 0.19 0.11

Contribution to Total T/O 4.6% 1.6% 0.9% 0.9% 0.6%

Turnover (LKR) 116,746,191 39,472,400 23,467,047 22,893,783 16,064,023

Most Active
Company
PIRAMAL GLASS PC HOUSE MULLERS GALADARI FLC HOLDINGS

Today 3.40 0.30 1.30 10.90 2.10

Pre Day 3.40 0.30 1.20 10.50 2.10

% Change 0.00% 0.00% 8.33% 3.81% 0.00%

Volume (mn) 1.20 0.89 0.82 0.47 0.45

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

Turnover (LKR) 4,065,413 268,640 1,063,028 5,105,452 924,320

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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 01.04.2014 121.29 21.06 179.99 2.18 1.27 217.76 130.70

CSE Announcements
Dividends
Company Central Finance 0 0 0 0
Company Description

DPS (LKR) 0.85 0.00 0.00 0.00 0.00

Proportion 0 0

XD Date 09-04-2014 0 0 00-Jan-00 00-Jan-00

XR Date

Payment Date 21-04-2014 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
0

Type of Security
-

Code
1/0/1900

Board
1/0/1900

Offer Price
0.00

1/0/1900

1/0/1900

0.00%

Key Corporate Diclosures

0

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 16,457.7 3,182.7 6,631.7 14,792.0

Change 134.6 21.1 33.4 -35.8

Change % 0.82% p 0.67% p 0.51% p -0.24% q

Time* 16:15 06:43 06:43 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 101.30 91.83 688.75 1,285.80 302.40

Change -0.28 -1.69 -8.50 2.00 -1.75

Change % -0.28% q -1.81% q -1.22% q 0.16% p -0.58% q

Time* 06:28 06:29 06:27 06:28 06:28

Source: www.bloomberg.com

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TOP STORIES
Local
Sri Lanka Hemas Holdings to sell Rs1.0bn debt rated 'A+(lka)': Fitch Sri Lanka's Hemas Holdings will sell up to 1.0 billion rupees in senior debt which has been given a expected 'A+(lka)' investment grade rating, Fitch Ratings said. The funds will be used to re-finance and extend the tenor of existing debt. Hemas has interests in consumer goods, power, leisure, logistics and healthcare.

[Source: www.lbo.lk] SriLankan Airlines raises US$150mn Islamic credit: Standard Chartered Standard Chartered Bank said it had structured a 150 million US dollar equivalent Islamic finance facility for state-run Sri Lankan Airlines which was partly secured by a government guarantee and receivables. "The proceeds of the facility will be used towards the refinancing of an existing facility and provide additional capital to support the airlines re-fleeting exercise, " Colin Pawley, Head of Client Coverage at Standard Chartered commenting said in a statement. [Source: www.lbo.lk] Some Sri Lanka bank mergers, strategic investors given nod: Central Bank Sri Lanka's central bank said it had approved in principle mergers among a few banks and non-bank lenders, in a regulator driven bid to build a financial sector made up of fewer, larger firms. More firms have also shortlisted merger and acquisition partners and are evaluating potential partners, the Central Bank said. Sri Lanka's National Development Bank and DFCC Bank have signed a memorandum of understanding to proceed with a merger. [Source: www.lbo.lk] IFC boosts NDB for $ 190 m long term SMEs funding The banking sector saw a fresh boost for the economys backbone SMEs and micro entrepreneurs thanks to a ground breaking deal between the National Development Bank (NDB) and the International Finance Corporation (IFC). The World Banks private sector investment arm IFC yesterday came forward to arrange $ 120 million worth of long-term financing at attractive terms to NDB for on-lending to micro, small and medium enterprises and as private sector foray in to infrastructure development and sustainable development. [Source: www.ft.lk]

Global
China Manufacturing Index Little Changed in March Chinese manufacturing gauges pointed to weakness in the worlds second-biggest economy that could prompt the Communist Party leadership to roll out additional support measures. A Purchasing Managers Index fell to 48 in March, the lowest reading since July, from 48.5 in February, HSBC Holdings Plc and Markit Economics said today. A separate PMI from the government, with a larger sample size, was at 50.3 from 50.2 the previous month. [Source: www.bloomberg.com] Japan Corporate Sentiment Gains Seen Short-Lived as Tax Rises Sentiment among large Japanese manufacturers rose to the highest level since 2007, a gain that may be short-lived as todays sales-tax increase weighs on consumption and confidence. The Tankan index was at 17 in March, climbing from 16 in December, a Bank of Japan report showed today, below the median estimate of 19 in a Bloomberg News survey of economists. The index is forecast to drop to 8 in June, worse than economists forecast of 13. [Source: www.bloomberg.com]

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