The Market ends with a minute gain

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1 - Index 12th Dec 11th Dec Change % Change ASPI 5, , % 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.Mn 0 Sch th Dec 11th Dec 247,709, ,072, ,669, ,447, ,527, ,929,412 65,039,998 54,625,351 52,182,287 31,143,283 15,593,358 9,930, , , , , , , , , , , th Dec 9th Dec 10th Dec 11th Dec 12th Dec ASPI S&P SL20 6th Dec 9th Dec 10th Dec 11th Dec 12th Dec Turnover Foreign Purchases Volume Volume Mn The Market ends with a minute gain The Colombo bourse managed to close with a modest gain, resulting in the indices to close within the green terrain. The ASPI settled the day at 5, with a tiny gain of 5.38 points or 0.09% and the S&P SL20 gained 7.17 points or 0.23% to settle at 3, With regard to movements in share price, a total of 77 companies gained during the day whereas 70 companies posted drops in share prices; SMB Leasing PLC Non-Voting (33.33%) led the price gainers, on the other hand NDB Capital Holdings PLC (-11.11%) led the price losers. As at the daily closure the total market capitalization stood at LKR 2.41Tn extending the year to date gain to 11.19%. The market PER and PBV were 14.82x & 1.95x respectively. The turnover for the day amounted to record LKR Mn, indicating a gain of 37.56% from its previously recorded. Asiri Hospital Holdings PLC (ASIR) stood out as the top subscriber for the day providing LKR 65.93Mn while accounting a share of 26.62% of the day s accumulated turnover. The counter reached its 52 week apex (at LKR 16.40/-) within the day, however closed the day at LKR 16.00/- gaining LKR 0.10/- or 0.63%. Chevron Lubricants Lanka PLC (LLUB) secured the second place, making a contribution of LKR 34.50Mn and closed the day at LKR /- down by LKR 0.60/- or 0.23%. The total subscription provided by Kahawatte Plantations PLC (KAHA) worth LKR 14.05Mn, was a result of 351K shares being dealt from prices LKR 36.30/- to LKR 43.00/-; KAHA settled the day at LKR 40.00/- up by LKR 0.20/- or 0.50%. Moreover, the three prime contributors for the turnover ASIR, LLUB & KAHA accounted to nearly half of the daily aggregate turnover.

2 Under the sectorial round-up, Health Care (HLT) sector topped the list providing LKR 67.17Mn and Bank Finance & Insurance (BFI) sector stood next in line providing LKR 62.31Mn to the daily aggregate turnover. A total of 15.59Mn shares changed hands during the day resulting in a gain of 57.03% compared to the previous trading day. Asiri Hospital Holdings PLC (4.12Mn shares), Tess Agro PLC [X] (1.50Mn shares) & SMB Leasing PLC (1.09Mn shares) were amidst the top subscribes to the daily volumes. Foreign participants appeared to be bullish for the 3 rd consecutive day resulting in a net foreign inflow of LKR 12.86Mn, resulted by foreign buying of LKR 65.04Mn and selling of LKR 52.18Mn. This assisted the year to date net foreign inflow to reach LKR 23.19Bn. Looking at the local FOREX markets, the USD is selling at /-. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) CEYLON TOBACCO COMPANY PLC 1, ,323, ,234,989, JOHN KEELLS HOLDINGS PLC ,995, ,750,067, NESTLE LANKA PLC 2, ,725, ,855,707, COMMERCIAL BANK OF CEYLON PLC ,471,324 93,350,380, DIALOG AXIATA PLC ,143,778,405 72,479,627, SRI LANKA TELECOM PLC ,804,860,000 67,682,250, CARSON CUMBERBATCH PLC ,386,914 67,203,601, THE BUKIT DARAH PLC ,000,000 64,759,800, DISTILLERIES COMPANY OF SRI LANKA PLC ,000,000 55,500,000, HATTON NATIONAL BANK PLC ,353,829 45,348,243, Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. ASIRI HOSPITAL HOLDINGS PLC 4,120,552 65,928, ASIRI HOSPITAL HOLDINGS PLC 50 4,120,552 65,928, TESS AGRO PLC (X) 1,502,341 1,502, CHEVRON LUBRICANTS LANKA PLC 6 131,111 34,495, SMB LEASING PLC 1,086, , KAHAWATTE PLANTATIONS PLC ,428 14,049, RICHARD PIERIS AND COMPANY PLC 1,034,350 6,415, COMMERCIAL BANK OF CEYLON PLC ,837 12,713, THE FINANCE COMPANY PLC (X) 917,021 3,161, SEYLAN BANK PLC (X) ,011 7,084, THE FINANCE COMPANY PLC 672,595 6,858, HAYCARB PLC 4 38,430 6,994, TOUCHWOOD INVESTMENTS PLC 399,223 1,138, THE FINANCE COMPANY PLC ,595 6,858, KAHAWATTE PLANTATIONS PLC 351,428 14,049, RICHARD PIERIS AND COMPANY PLC 41 1,034,350 6,415, SWARNAMAHAL FINANCIAL SERVICES PLC 279, , JOHN KEELLS HOLDINGS PLC (W23) 65 75,159 5,628, SEYLAN BANK PLC (X) 236,011 7,084, HEMAS HOLDINGS PLC ,450 4,964,940.00

3 Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) S M B LEASING [X] ,800 6, THE FINANCE CO ,595 6,858, THE FINANCE CO. [X] ,021 3,161, S M B LEASING ,086, , CEYLON LEATHER [W14] ,252 2, Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) N D B CAPITAL (53.00) (11.11) HUNAS FALLS (5.20) (10.20) , OFFICE EQUIPMENT 2, , (200.00) (8.70) 2, , , SHALIMAR (69.00) (7.27) , TESS AGRO (0.10) (7.14) ,080 26, Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 12, , ,306,193 4,252,024 1, BEVERAGE FOOD AND TOBACCO 19, , ,294,902 75, CONSTRUCTION AND ENGINEERING 2, , ,608 17, CHEMICALS AND PHARMACEUTICALS 6, , ,682, , DIVERSIFIED HOLDINGS 1, , ,417,606 1,996, FOOTWEAR AND TEXTILE , , HOTELS AND TRAVELS 3, , ,826, , HEALTH CARE ,169,723 4,172, INVESTMENT TRUSTS 17, , , , INFORMATION TECHNOLOGY ,926, , LAND AND PROPERTY ,403, , MANUFACTURING 2, , ,751, , MOTORS 14, , ,173 4, OIL PALMS 90, , , POWER & ENERGY ,080, , PLANTATIONS ,970, , STORES SUPPLIES 18, , ,025 1, SERVICES 20, , ,602 47, TELECOMMUNICATIONS ,370 57, TRADING 12, , ,296,941 1,637,

4 Exchange Rates Indicative Rates Currency 12th December 11th December 12th Dec 11th Dec 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 September October November September October November SLIBOR & LIBOR Description SLIBOR (12th December) (%) LIBOR - GBP (11th December) (%) LIBOR - USD (11th December) (%) (CBSL.lk, Global-rates.com) Over Night 7 Days 1 M 3 M 6 M 12 M

5 Country Foreign Markets- Index 11-Dec-13 % Change 10-Dec-13 % Change 9-Dec-13 USA Dow Jones Indus. AVG 15, % 15, % 16, USA NASDAQ Composite Index 4, % 4, % 4, Europe Euro Stoxx 50 Pr 2, % 2, % 2, UK FTSE 100 6, % 6, % 6, Japan Nikkei , % 15, % 15, Hong Kong Hang Seng Index 23, % 23, % 23, China CSI 300 Index 2, % 2, % 2, Pakistan Karachi 100 Index 24, % 24, % 24, India BSE Sensex Index 21, % 21, % 21, Singapore Straits Times Index 3, % 3, % 3, Malaysia FTSE Bursa Malaysia EMAS 12, % 12, % 12, Mongolia MSE Top 20 Index 15, % 15, % 15, Bloomberg Rubber Prices - 03 December 2013 World Commodity Prices Grade Price Range (Rs) Commodity 12-Dec Dec Dec-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 SC (Br) No 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 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 98,944 Elevation Sale No : 48 Sale No : 47 August 72,463 79, ,224 Uva High September 60,219 71,111 89,761 Western High October 69,563 80, ,805 Uva Medium November 90, ,202 Western Medium December 97, ,252 Low Grow n Total 855,975 1,005, ,015

6 Sri Lanka rupee at more than 1-wk low in dull trade The Sri Lankan rupee traded at its lowest level in more than a week on Thursday on importer dollar demand, but the market was sluggish as most investors were in a holiday mood, dealers said. The spot rupee was at /95 per dollar at 0550 GMT, its lowest point since Dec. 3, and weaker from Wednesday's close of /90. (reuters.com) Dow falls 130 points Stocks tumbled Wednesday as investors bet that a new U.S. budget deal raises chances the Federal Reserve might start to scale back its support for the economy soon. The Dow Jones industrial average fell nearly 130 points. The S&P 500 and the Nasdaq both lost more than 1%. Congressional negotiators reached a bipartisan budget compromise late Tuesday that would prevent another government shutdown, if approved by the House and Senate. The deal would set spending levels, reduce the deficit and relieve some of the arbitrary, forced spending cuts. Some analysts say the deal could make the Fed more likely to announce it will begin trimming its $85-billion-amonth bond purchases as early as next week. Fed chairman Ben Bernanke has said repeatedly that uncertainty about fiscal policy is a threat to the economy. (money.cnn) UK economy will surpass pre-recession peak in 2014 The UK economy will finally surpass its pre-recession peak next year, says the British Chambers of Commerce (BCC). The UK's economic output peaked in the first quarter of The BCC says it expects the economy to surpass that level in the second half of It also says that the UK's GDP is now set to grow by 2.7% in 2014, an upgrade from a previous prediction of 2.2%. (bbc.co.uk) Asian shares lower as focus moves to Fed Asian markets eased Thursday, following a lead from Wall Street, as investors turn their focus to next week's Federal Reserve policy meeting, with speculation growing that the bank will announce a cut to its stimulus programme. And while a bipartisan budget deal in Washington fuelled hopes that another government shutdown will be avoided next month, it is believed that it will give the Fed more room to wind down the bond-buying scheme. Tokyo fell 1.47 percent, Hong Kong slipped 0.31 percent, Sydney lost 0.64 percent, Shanghai dipped 0.22 percent and Seoul was 0.75 percent lower. With few other catalysts to drive business, dealers are playing a waitand-see game ahead of the Fed's policy announcement next week, with opinion split on whether it will begin reeling the stimulus in this month or early next year. The Fed's $85 billion a month scheme has been credited with fuelling a global equities rally this year as it has supplied vast sums of cheap money to investors. (lankabusinessonline.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 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: 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: Panandura # 190/1, New Galle Road, Walana, Panandura. Tel: Branch Office: Ambalanthota # 153, Tissa Road, Ambalanthota. Tel: Branch Office: Embilipitiya # 61, Sampath Bank Bldg. Main Street, Embilipitiya. Tel Branch Office: Anuradhapura # 9, Maithripala Senanayaka Mw, Bank Site, New Town, Anuradhapura. 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.