The Bourse drops slightly

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1 Index 30th July 29th July Change % Change ASPI 6, , (1.44) -0.02% S&P SL20 3, , % 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 30th July 29th July 700,855, ,295, ,381, ,956, ,383, ,876, ,474, ,338, ,471, ,418,481 13,166,665 9,741, , , , , , , , , , , th July 25th July 26th July 29th July 30th July Sch ASPI S&P SL20 24th July 25th July 26th July 29th July 30th July Turnover Foreign Purchases Volume Volume Mn The Bourse drops slightly The market witnessed a minute drop during the day while resulting in the indices to close on either side. The benchmark ASPI index fell to 6,055.48, losing a tiny 1.44 points or 0.02%. However, the S&P SL20 managed to breathe within the green terrain yet again, closing at 3,432.03, gaining 6.26 points or 0.18%; this was derived by gains in counters such as NEST (+1.95%), CTC (+1.50%), BUKI (+0.58%), COMB (+2.89%) and SAMP (+1.41%) etc. Further, with regard to the movement in share prices, a total of 110 companies lost while only 65 gained. The gainers were headed by Associated Motor Finance Company PLC (+7.73%) and losers were led by Miramar Beach Hotel PLC ( %). The daily turnover of LKR Mn indicated a rise of 55.30% against the previous trading day. By accounting to nearly 67% of the daily aggregated turnover, John Keells Holdings PLC (JKH) led the turnover list providing LKR Mn predominantly supported by 4 blocked deals worth LKR Mn where an aggregate quantity of 1.10Mn shares were crossed at prices LKR 265/- and LKR 268/-. The counter witnessed notable on-board interest as well, being amidst the top sought after counters for the day while logging 174 trades resulting in a quantity of 656K shares changing hands. JKH reached a highest traded price of LKR 269/- within the day, however settled the day at its intraday low of LKR 260/-, dropped down by LKR 7.50/- or 2.80%. Further, foreign investors were bearish on JKH today by selling nearly 1Mn shares, accounting a net foreign selling of LKR 272Mn.Notably, the 2 banking sector counters Commercial Bank of Ceylon PLC (COMB) and Sampath Bank PLC (SAMP) provided LKR 62.75Mn and LKR 18.26Mn respectively to the daily aggregated turnover whilst securing their position amidst the top subscribers. As at the day s end COMB settled the day at LKR /- (up/- (up by LKR 3.30/- or 2.89%) amidst a significant foreign interest of LKR 26.87Mn, and SAMP closed at LKR 202/- (up by LKR 2.80/- or 1.41%).

2 Under the sectorial round up, Diversified Holdings (DIV) dominated the rest providing LKR Mn, while accounting a share of 68% of the daily aggregated turnover. Bank Finance & Insurance (BFI) sector too provided a notable LKR Mn; further, BFI managed to capture the highest investor interest during the day noting 1,248 trades resulted in a total quantity of 4.72Mn shares changing hands. Moreover, nearly 90% of the daily turnover was accounted by the two sectors DIV and BFI. The volume for the day stood at 13.17Mn, indicating a gain of 35.16% against the previous trading day. John Keells Holdings PLC, Central Investments & Finance PLC & Textured Jersey Lanka PLC were the heavily traded counters during the day with 1.76Mn shares, 1.13Mn shares, and 1.02Mn shares respectively. Foreign investors ended their 5 day bullish run to result in a net foreign outflow of LKR 242Mn, whilst dragging the year to date net foreign inflow (LKR 16.76Bn) below the LKR 17Bn level. Foreign selling for the day amounted to LKR Mn which led by JKH (LKR 272Mn) and followed by Union Bank (LKR 5.5Mn) & National Development Bank (LKR 3.3Mn) too. Foreign buying amounted to LKR Mn, led by Commercial Bank (LKR 26.8Mn),Distilleries (LKR 4.8Mn), Ceylon Tobacco (LKR 3.3Mn). Looking at the local FOREX markets, the USD closed the day at LKR /- selling and LKR 130/- buying. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) JOHN KEELLS HOLDINGS PLC ,758, ,533,906, CEYLON TOBACCO COMPANY PLC 1, ,323, ,406,132, NESTLE LANKA PLC 1, ,725, ,764,652, COMMERCIAL BANK OF CEYLON PLC ,101,192 92,751,019, CARSON CUMBERBATCH PLC ,386,914 81,952,259, SRI LANKA TELECOM PLC ,804,860,000 70,930,998, THE BUKIT DARAH PLC ,000,000 69,982,200, DIALOG AXIATA PLC ,143,778,405 69,222,116, DISTILLERIES COMPANY OF SRI LANKA PLC ,000,000 57,150,000, AITKEN SPENCE PLC ,996,045 50,546,507, Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. JOHN KEELLS HOLDINGS PLC 1,758, ,489, JOHN KEELLS HOLDINGS PLC 178 1,758, ,489, CENTRAL INVESTMENTS & FINANCE PLC 1,133,772 1,250, COMMERCIAL BANK OF CEYLON PLC ,262 62,748, TEXTURED JERSEY LANKA PLC 1,020,209 13,374, SAMPATH BANK PLC 68 90,627 18,264, PANASIAN POWER PLC 596,472 1,371, TEXTURED JERSEY LANKA PLC 143 1,020,209 13,374, COMMERCIAL BANK OF CEYLON PLC 539,262 62,748, CEYLINCO INSURANCE PLC (X) 20 28,122 11,268, PEOPLE'S LEASING & FINANCE PLC 503,435 7,238, ACCESS ENGINEERING PLC ,335 8,524, UNION BANK OF COLOMBO PLC 430,610 7,774, UNION BANK OF COLOMBO PLC ,610 7,774, TOUCHWOOD INVESTMENTS PLC 418,638 1,674, PEOPLE'S LEASING & FINANCE PLC ,435 7,238, ACCESS ENGINEERING PLC 409,335 8,524, HAYCARB PLC 12 34,722 6,882, NATION LANKA FINANCE PLC 392,696 3,416, COLOMBO DOCKYARD PLC 16 24,395 5,337,351.40

3 Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) AMF CO LTD , MULLERS ,031 66, PALM GARDEN HOTL , , COLD STORES , , HOTEL SIGIRIYA , , Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) MIRAMAR (8.80) (13.48) ,026 66, CEYLON GUARDIAN (17.90) (9.47) , UDAPUSSELLAWA (2.80) (9.33) ,250 33, BLUE DIAMONDS [X] (0.10) (9.09) , , MERC. SHIPPING (12.20) (7.63) Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13, , ,303,203 4,722,511 1, BEVERAGE FOOD AND TOBACCO 19, , ,140, , CONSTRUCTION AND ENGINEERING 2, , ,297, , CHEMICALS AND PHARMACEUTICALS 7, , ,273, , DIVERSIFIED HOLDINGS 1, , ,750,606 2,451, FOOTWEAR AND TEXTILE ,184 44, HOTELS AND TRAVELS 3, , ,356, , HEALTH CARE ,088, , INVESTMENT TRUSTS 17, , ,949, , INFORMATION TECHNOLOGY , , LAND AND PROPERTY ,982, , MANUFACTURING 3, , ,271,369 1,647, MOTORS 15, , ,292 1, OIL PALMS 95, , , POWER & ENERGY ,870,984 1,121, PLANTATIONS ,916, , STORES SUPPLIES 23, , ,247,244 1, SERVICES 24, , ,592 29, TELECOMMUNICATIONS ,468 23, TRADING 15, , ,657 40,

4 Exchange Rates Indicative Rates Currency 30th July 29th July 30th July 29th 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 (30th July ) (%) LIBOR - GBP (29th July ) (%) LIBOR - USD (29th July ) (%) (CBSL.lk, Global-rates.com, CBSL ) Over Night 7 Days 1 M 3 M 6 M 12 M

5 Country Foreign Markets- Index 29-Jul-13 % Change 26-Jul-13 % Change 25-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 , % 14, % 14, Hong Kong Hang Seng Index 21, % 21, % 21, China CSI 300 Index 2, % 2, % 2, Pakistan Karachi 100 Index 23, % 23, % 23, India BSE Sensex 30 Index 19, % 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 - 18 July 2013 World Commodity Prices Grade Price Range (Rs) Commodity 30-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 Flat Bark Month RS Sheet No January 74,197 85,874 97,411 RS Sheet No February 65,797 83,549 93,232 March 75,130 91,102 98,155 April 63,835 69,591 79,829 May 48,943 57,506 70,026 June 53,636 65,245 73,628 Tea Prices Tourist Arrivals to Sri Lanka July 83,786 90,338 Elevation Sale No : 27 Sale No : 26 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, ,281

6 Sri Lanka FDI flows reach $430mn in first half 2013 Foreign direct investment flows to Sri Lanka in the first half of 2013 reached 430 million US dollars and the full year was expected to bring 2.0 billion US dollars. The money had come mainly from Chinese and Hong Kong based companies with top sectors being tourism, mixed development projects and manufacturing. (lankabusinessonline.com) Sri Lanka 15-year bond yield falls at auction Sri Lanka's 15-year bond yield fall at auction by 11 basis points to percent from the last auction while the a 30- year bond was unchanged at percent. Sri Lanka last issued 15-year bonds in January The 5-year bond yield was unchanged at percent. The debt office sold 10 billion rupees in 30 year bonds maturing in 2043 and 20 billion in 15-year bonds maturing in 2028 and 5 billion rupees of five year bonds maturing on (lankabusinessonline.com) Japan's industrial output and household spending fall Japan has posted weaker-than-expected economic data, underlining the challenges the government faces as it tries to revive the country's economy. Industrial output fell 3.3% in June, from the previous month. Compared with the same month a year ago it fell 4.8%. Meanwhile, household spending declined 0.4% from a year earlier. Analysts had expected growth of 1.0%. Japan has been trying to boost domestic consumption in an attempt to revive its stagnant economy. Earlier this year, the central bank doubled its inflation target to 2% in an attempt to boost consumer prices and spending. (bbc.co.uk) German Inflation Seen Slowing for First Time since April German inflation probably slowed in July for the first time in three months, signaling price gains in Europe s largest economy remain subdued. Germany s consumer price index, calculated using a harmonized European Union method, rose 1.8 percent from a year ago, compared with 1.9 percent in June. Prices probably climbed 0.1 percent on the month. German inflation will average 1.6 percent this year and 1.5 percent in The Frankfurt-based central bank reduced its 2013 growth projection for Germany last month to 0.3 percent from the 0.4 percent it predicted in December, citing a worse-than-expected first quarter and warned that Europe s sovereign debt crisis still poses risks to the economic recovery. Consumer price gains in the 17-nation euro area accelerated to 1.6 percent in June from 1.4 percent the previous month and 1.2 percent in April as energy prices rebounded. Data for this month will be published on July 31. The European Central Bank last month cut its 2013 inflation forecast for the region to 1.4 percent from 1.6 percent and left the 2014 estimate unchanged at 1.3 percent. (bloomberg.com)

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.