The bourse drowns further

Transcription

1 Index 16th July 15th July Change % Change ASPI 6, , (7.55) -0.13% S&P SL20 3, , (11.02) -0.32% Market Statistics Value of Turnover(Rs.) Domestic Purchases Domestic Sales Foreign Purchases Foreign Sales Volume of Turnover (No.) PER PBV 7,000 6,000 5,000 4,000 3,000 2,000 1, Rs.M 0 16th July 15th July 737,789, ,985, ,559, ,248, ,094, ,653, ,229, ,736,956 53,694,526 23,332,518 15,945,353 34,091, , , , , , , , , , , th July 11th July 12th July 15th July 16th July Sch ASPI S&P SL20 10th July 11th July 12th July 15th July 16th July Volume Mn The bourse drowns further The market extended its losses as ASPI dived in further to the red terrain, charting its negative closure for the 3 rd successive trading day. The bourse dropped below the 6,000 mark in the morning session to fall to an intraday low of 5,985.14; however, the late market rally minimized the losses which had been logged, assisting the ASPI (6,007.65) to close 7 points above the 6,000 level. The S&P SL20 too closed within the red terrain losing 0.32% (or points) to settle at 3, As at the daily closure, the total market capitalization decreased to LKR 2.31Tn indicating a year to date gain of 6.45%. During the day 6 negotiated deals totaling up to LKR Mn were noted; this accounted to 52.41% of daily aggregated turnover of LKR Mn. John Keells Holdings PLC (JKH) dominated the turnover providing LKR Mn backed by 3 off-board blocks where 1.24Mn shares were crossed at price LKR 247/-. Having accounted to nearly 47% of the daily aggregated turnover, JKH closed the day at LKR /- (drop by LKR 1.50/-). Sampath Bank PLC (SAMP) stood next in line contributing LKR 98.39Mn, where most of it flowed in by way of 2 negotiated transactions resulting in quantity of 305K shares being dealt at price LKR /-. Furthermore, Commercial Bank of Ceylon PLC (COMB) added LKR 35.55Mn to the daily turnover; COMB was also supported by a crossing worth LKR 21.11Mn. The top three contributors for the day collectively contributed to nearly 65% of the daily aggregated turnover. Turnover Foreign Purchases Volume

2 Under the sectorial round up, Diversified Holdings (DIV) dominated the rest, providing LKR Mn. Bank Finance & Insurance (BFI) sector too provided a notable LKR Mn; further, BFI managed to capture the highest investor interest during the day noting 1,137 trades resulted in a total quantity of 4.73Mn shares changing hands. Moreover, 80% of the daily turnover was accounted by the two sectors DIV and BFI. A total of 15.95Mn shares changed hands, indicating a drop of 53.23% against the previous trading day. The top traded counters for the day were Central Investments & Finance PLC, John Keells Holdings PLC & Panasian Power PLC with 1.47Mn, 1.38Mn & 1.37Mn shares respectively being traded. Price losers outstripped the price gainers by 110:61; where, Hunters & Company PLC (17.74%) took the lead under the list of gainers and PC Pharma PLC (-14.29%) led the price losers. Foreign participants were bullish during the day for the 05 th consecutive trading day where foreign buying of LKR Mn overtook foreign selling which amounted to LKR 53.69Mn; this added LKR Mn to the year to date net foreign inflow of LKR 16.47Bn.The local FOREX market for the day closed with, the USD selling at LKR /- and buying LKR /-. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) JOHN KEELLS HOLDINGS PLC ,715, ,169,545, CEYLON TOBACCO COMPANY PLC 1, ,323, ,323,751, NESTLE LANKA PLC 1, ,725, ,690,143, COMMERCIAL BANK OF CEYLON PLC ,084,866 92,669,703, CARSON CUMBERBATCH PLC ,386,914 82,482,503, SRI LANKA TELECOM PLC ,804,860,000 72,194,400, DIALOG AXIATA PLC ,143,778,405 70,850,872, THE BUKIT DARAH PLC ,000,000 70,380,000, DISTILLERIES COMPANY OF SRI LANKA PLC ,000,000 56,880,000, AITKEN SPENCE PLC ,996,045 50,749,505, Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. CENTRAL INVESTMENTS & FINANCE PLC 1,466,094 1,778, JOHN KEELLS HOLDINGS PLC 110 1,382, ,208, JOHN KEELLS HOLDINGS PLC 1,382, ,208, SAMPATH BANK PLC ,820 98,389, PANASIAN POWER PLC 1,371,400 3,154, COMMERCIAL BANK OF CEYLON PLC ,611 35,554, PC HOUSE PLC 1,207,283 1,525, HATTON NATIONAL BANK PLC ,359 32,035, EXPOLANKA HOLDINGS PLC 1,136,363 7,609, CENTRAL FINANCE COMPANY PLC ,612 23,389, JOHN KEELLS HOTELS PLC 505,004 6,716, CEYLON TOBACCO COMPANY PLC 28 23,100 23,092, SAMPATH BANK PLC 500,820 98,389, THE BUKIT DARAH PLC 22 32,582 22,482, PIRAMAL GLASS CEYLON PLC 447,721 2,697, COLOMBO LAND & DEV: COM: PLC ,530 16,609, COLOMBO LAND & DEV: COM: PLC 400,530 16,609, RICHARD PIERIS EXPORTS PLC ,331 7,636, SMB LEASING PLC 389, , EXPOLANKA HOLDINGS PLC 36 1,136,363 7,609,552.30

3 Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) HUNTERS , , CDB [X] , NAMUNUKULA ,853 4,222, KEGALLE ,985 6,280, MULLERS ,200 39, Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) PC PHARMA (0.30) (14.29) , , CEYLON LEATHER [W14] (0.30) (12.50) SOFTLOGIC FIN (3.40) (10.40) , LANKA CERAMIC (11.60) (10.00) , , SERENDIB HOTELS [X] (1.30) (8.13) Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13, , ,262,462 4,734,035 1, BEVERAGE FOOD AND TOBACCO 18, , ,117, , CONSTRUCTION AND ENGINEERING 2, , ,998, , CHEMICALS AND PHARMACEUTICALS 7, , ,834, , DIVERSIFIED HOLDINGS 1, , ,850,055 3,445, FOOTWEAR AND TEXTILE ,262 19, HOTELS AND TRAVELS 3, , ,670, , HEALTH CARE ,815 33, INVESTMENT TRUSTS 18, , ,771, , INFORMATION TECHNOLOGY ,771,870 1,248, LAND AND PROPERTY ,933,177 1,059, MANUFACTURING 3, , ,795,197 1,482, MOTORS 15, , , OIL PALMS 97, , ,509,457 32, POWER & ENERGY ,442,238 1,685, PLANTATIONS ,023, , STORES SUPPLIES 25, , ,397,584 3, SERVICES 24, , , , TELECOMMUNICATIONS ,845 85, TRADING 15, , ,373, , Company Dividned Term XD Date Payment MBSL Rs First & Final 06.Aug Aug.2013 CLPL Rs First & Final 05.Aug Aug.2013

4 Exchange Rates Indicative Rates Currency 16th July 15th July 16th July 15th July Currency Buying Selling Buying Selling Ind: Value Ind: Value Dollar (USA) Yuan (China) Pound (UK) Rupee (India) Euro (EU) Won (Korean) Franc (Sw itzerland) Dinar (Kuw ait) Dollar (Canada) Ringgit (Malay) Dollar (Australia) Rial (Oman) Dollar (Singapore) Riyal (Qatar) Yen (Japan) Riyal (KSA) Dirham (UAE) Central Bank's Policy Rates Description Central Bank Repurchase (Repo) Rate Central Bank Reverse Repurchase (Reverse Repo) Rate Bank Rate Statutory Reserve Ratio (SRR) Treasury Bills AWPLR Rate ( Per Annum) AWDR This week Last week This Week Last week This Month Last Month 91 Days Weekly Monthly Days Monthly Months Days Months Year Colombo Consumers Price Index (CCPI) Year on Year Change Annual Average Change Description April May June April May June SLIBOR & LIBOR Description SLIBOR (16th July ) (%) LIBOR - GBP (15th July ) (%) LIBOR - USD (15th July ) (%) (CBSL.lk, Global-rates.com, CBSL ) Over Night 7 Days 1 M 3 M 6 M 12 M

5 Country Foreign Markets- Index 15-Jul-13 % Change 12-Jul-13 % Change 11-Jul-13 USA Dow Jones Indus. AVG 15, % 15, % 15, USA NASDAQ Composite Index 3, % 3, % 3, Europe Euro Stoxx 50 Pr 2, % 2, % 2, UK FTSE 100 6, % 6, % 6, Japan Nikkei 225 N/A N/A 14, % 14, Hong Kong Hang Seng Index 21, % 21, % 21, China CSI 300 Index 2, % 2, % 2, Pakistan Karachi 100 Index 23, % 23, % 22, India BSE Sensex 30 Index 20, % 19, % 19, Singapore Straits Times Index 3, % 3, % 3, Malaysia FTSE Bursa Malaysia EMAS 12, % 12, % 12, Bangladesh DSE General Index DGEN 4, % N/A N/A 4, Mongolia MSE Top 20 Index 14, % 14, % 14, Bloomberg Rubber Prices - 11 July 2013 World Commodity Prices Grade Price Range (Rs) Commodity 16-Jul Jul Jul-13 LC No.1X Brent Crude Oil LC No WTI Crude Oil LC No Gold 1, , , LC No Silver LC No Copper SC (Br) No SC (Br) No Tourist Arrivals to Sri Lanka SC (Br) No Month Flat Bark January 74,197 85,874 97,411 Skim Crepe February 65,797 83,549 93,232 RS Sheet No March 75,130 91,102 98,155 RS Sheet No April 63,835 69,591 79,829 RS Sheet No May 48,943 57,506 70,026 RS Sheet No June 53,636 65,245 Tea Prices July 83,786 90,338 Elevation Sale No : 26 Sale No : 25 August 72,463 79,456 Uva High September 60,219 71,111 Western High October 69,563 80,379 Uva Medium November 90, ,202 Western Medium December 97, ,252 Low Grow n Total 855,975 1,005, ,653

6 Sri Lanka re-conditioned cars registrations up Sri Lanka's re-conditioned or imported used automobile registrations hit a 19 month high in June 2012 with Japanese made Toyota and Honda brands in pole position. Imported used vehicles rose to 1,327 in June 2013, the highest since 1,205 hit in June Sri Lanka's car imports plunged after April That re-conditioned car registrations started to pick up from March, which could be attributed to a weakening Japanese yen. Reconditioned vehicle registrations rose from 583 in February to 778 in March, 1,156 in April, 1,156 in May and 1,327 in June. Re-conditioned vehicles mostly used in Japan, comes with eco-friendly devices such as catalytic converters and other devices that are not found in some export models. (lankabusinessonline.com) US retail sales growth slows unexpectedly in June US retail sales grew in June. Sales were up by a seasonally-adjusted 0.4%, half the 0.8% rate expected by the markets. Sales of building materials - often a volatile item - fell 2.2% in the month. The sub-par performance added to expectations that the Federal Reserve will wean the US off economic stimulus more slowly than previously indicated. Car sales - which can also vary greatly from month to month - jumped 2.1%, while furniture and household goods rose 2.4%. Total retail sales in June were 27.5% up from their level at the bottom of the recession in mid The figures come on top of weaker trade and manufacturing data, pointing to a softening in the US recovery. (bbc.co.uk) UK inflation rate rises to 2.9% in June The rate of consumer price index (CPI) inflation increased to 2.9% in June, up from 2.7% in May. The figure, a 14- month high, was lower than the 3% expected by markets. A rise in the inflation rate had been anticipated because of higher petrol and clothing prices versus a year ago. But it was moderated by slower annual rises in airfares and food prices. Retail prices index (RPI) inflation also rose, to 3.3% from 3.1% in May. That air transport played the biggest role in dampening inflation this month, with fares falling 2.8% during June, compared with a 7.4% increase in June 2012, due to lower European air fares in particular. Clothing and footwear prices fell 1.9% during the month - as they typically do during the summer sales - but the fall was less than the 4.2% drop seen in June last year. That air transport played the biggest role in dampening inflation this month, with fares falling 2.8% during June, compared with a 7.4% increase in June 2012, due to lower European air fares in particular. Clothing and footwear prices fell 1.9% during the month - as they typically do during the summer sales - but the fall was less than the 4.2% drop seen in June last year. (bbc.co.uk)

7 Vice President Business Development Manager - Research Thakshila Hulangamuwa Pasindu Perera thakshi@ashaphillip.net pasindu@ashaphillip.net Research Team Lasantha Senanayake lasantha@ashaphillip.net Anurudhdha Basnayake anurudhdha@ashaphillip.net Nishantha Warnakulasuriya nishantha@ashaphillip.net Head Office: Southern Region (Matara) # 24-1/3, A, 2nd Floor, E.H. Cooray Tower, Anagarika Dharmapala Mw, Matara. Tel: Branch Office: Matara # 38, Station Road, Matara. Tel Branch Office: Negombo # 142, Greens Road, Negombo. Tel Branch Office: Gampaha # 21, Courts Road, Gampaha. Tel Branch Office: Kiribathgoda Udeshi City Shopping Complex, 2nd Floor, 2-14, No. 94, Makola Road, Kiribathgoda. Tel Branch Office: Kurunegala No. 6, 1st Floor, Union Assurance Bldg, Rajapihilla Mawatha, Kurunegala. Tel Branch Office: Kandy Ceybank House, # 88, Dalada Vidiya, Kandy. Tel Branch Office: Galle # 16, Sri Dewamittha Mw, Galle. Tel Branch Office: Anuradhapura # 9, Maithripala Senanayaka Mw, Bank Site, New Town, Anuradhapura. Tel Branch Office: Batticaloa #22B Bar Road, Batticaloa, Tel: Branch Office: Jaffna 1st Floor, # 398/1, Hospital Road, Jaffna. Tel: Branch Office: Vavuniya 1st Floor, # 60, 1st Cross Street, Vavuniya. Tel: Branch Office: Badulla # 33/3, 2nd Floor, Modern Complex, Badulla. Tel: Branch Office: Wellawatte # 3-1/2, Collingwood Place, Colombo 06. Tel: Branch Office: Panandura # 465, Galle Road, Panandura. Tel: Branch Office: Ambalanthota # 153, Tissa Road, Ambalanthota. Tel: Branch Office: Wattala # 118, Negombo Road, Wattala. Tel: Branch Office: Embilipitiya # 61, Sampath Bank Bldg. Main Street, Embilipitiya. Tel This document has been prepared and issued by Asha Phillip Securities Ltd, on the basis of publicly available information, internally developed data and other sources, believed to be reliable. Whilst all responsible care has been taken to ensure that the facts stated are accurate and the opinions given are fair and reasonable neither Asha Phillip Securities Ltd, nor any Director Officer or employee, shall in any way be responsible for the contents. Asha Phillip Securities Ltd may act as a Broker in the investments which are the subject of this document or related investments and may have acted upon or used the information contained in this document, or the research or analysis on which it is based, before its publication. Asha Phillip Securities Ltd., Its Directors, Officers or Employees may also have a position or be otherwise interested in the investments referred to in this document. This is not an offer to sell or buy the investments referred to in this document.