NDB Stockbrokers (Pvt) Ltd

Daily Market Update

2nd September 2010 Tel: 011 2 314170

Bullish sentiment prevails

Indices rose for the third consecutive day, while market turnover improved. The plantation sector gained
4% in view of high tea, rubber prices and volume growth compared to last year.

• Banking & Finance and Diversified sectors Today Previous day

Change
contributed significantly to the market turnover, (%)
ASPI 5,785.17 5,690.29 1.67
while the sector indices increased by 0.24% and MPI 5,961.52 5,909.32 0.88
2.15% respectively. Turnover (Rs) 3,362,991,647 2,784,915,630 20.76
Volume (Shares) 75,343,863 122,788,220 (38.64)
Foreign Purchase (Rs) 187,291,978 176,991,515 5.82
• John Keells Holdings made the highest Foreign Sales (Rs) 477,817,692 240,685,924 98.52
PER 24.1 23.9 0.84
contribution to the market turnover with four PBV 2.7 2.7 -
crossings amounting to 1,200,000 shares at Rs Positive contributors
Closed Price Change Change
(Rs) (Rs) (%)
265. The price increased by Rs 1.70 (0.64%) and Sri Lanka Telecom 45.20 3.90 9.49
closed at Rs 275. Carson Cumberbatch 824.90 42.60 5.52
Ceylon Tobacco 399.00 17.00 4.47
Negative contributors
• Asia Capital also contributed significantly to the Hatton National Bank 292.00 (1.80) (0.61)
market turnover with two crossings amounting to Commercial Bank 188.00 (0.90) (0.47)
Taj Lanka Hotels 66.70 (2.00) (3.00)
3,300,000 shares (1,500,000 at Rs 45.50 and Top Turnover Contributors
Contributors Volume Turnover (Rs) %
1,800,000 at Rs 48) taking place although the John Keells Holdings 1,437,900 381,192,690 11.33
Asia Capital 4,504,900 212,641,280 6.32
share price declined by Rs 0.20 (0.42%) and Ceylinco Insurance 542,800 172,441,200 5.13
closed at Rs 47. Richard Peiris & Co 1,107,900 141,438,610 4.21
Merchant Bank of Sri Lanka 3,212,000 126,860,500 3.77

• Three other major crossings were recorded for Source: Colombo Stock Exchange

300,000 shares of Ceylinco Insurance at Rs 320,

405,000 shares of Lanka Tiles at Rs 112 and
4,155,800 shares of Hotel Reefcomber at Rs 7.10.

• The Colombo Fort Land & Building declared a

first & final dividend of Rs 0.50 per share.

Global Market
• The Dow jumped 2.54%, to 10,269.47. T -BOND %
Maturity Bid (Closing) Ask (Closing)
• Asian stock markets closed higher today. In 01-03-2011 7.65 7.75
Tokyo, tech plays and automakers drove the 15-04-2012 7.80 7.85
01-02-2013 7.95 8.00
market higher, pushing the Nikkei up 1.5%.
01-04-2014 8.71 8.73
15-03-2015 8.97 9.00
Debt Market 01-08-2016 9.22 9.24
• Secondary market Treasury bond yields
Source: MVS Money Brokers
increased marginally, while the activity was high.
World Stock Markets
The money market continued to be in excess of Date Nikkei 225 (Japan) Dow Jones (USA) FTSE 100 (UK)
liquidity (approximately Rs 28Bn). 26-Aug-10 8,906.09 9,985.81 5,155.80
27-Aug-10 8,991.06 10,150.65 5,201.60
• Rupee appreciated slightly as the exchange rate 30-Aug-10 9,149.26 10,009.73 -

was recorded at Rs 112.63 - 112.55 per US $. 31-Aug-10 8,824.06 10,014.73 5,225.20

1-Sep-10 8,927.02 10.269.47 5,366.40
Source: Wall Street Journal & Yahoo Finance
The information contained in this update has been compiled or arrived at based on information obtained
from sources believed to be reliable. However, we do not make any representation as to its accuracy.