The Bourse maintains its positive trend

Transcription

1 6,250 6,200 6,150 6,100. 6,050 6, , , , , , , , , ,500 3,490 3,480 3,470 3,460 3,450 3,440 3,430 3,420 Open Mon Tue Wed Thu Fri ASPI This Week One year TB rate drops by 1bp to 10.56%. ASPI touched its 2 month high 6, ASPI Last Week USD Closed at 4 weeks lowest LKR /- 12-Aug Aug Aug Aug Aug-13 Open Mon Tue Wed Thu Fri S&P SL20 This Week S&P SL20 Last week The Bourse maintains its positive trend The Colombo bourse ended the trading day on a positive note, adding further to the gains recorded on the previous trading day. The ASPI extended gains for the fourth consecutive trading day by gathering points or 0.21% to conclude at 6, and the benchmark index has gathered 103 points or 1.67% during these four trading days. However, the S&P SL20 closed within the negative terrain at 3,491.55, dropping 4.14 points or 0.12%; this was having gained points or 1.28% on past three trading days. Off-board interests were seen on JKH, NEST, VONE & TJL, with 5 block trades totaling up to LKR Mn were being recorded; this accounted to nearly 50% of the daily aggregated turnover which amounted to record Mn. John Keells Holdings PLC (JKH) stood out as the top subscriber for the day providing LKR Mn, while accounting a share of 34.27% of the day s aggregated turnover; the counter was predominantly supported by 2 negotiated deals worth LKR Mn, resulted by a quantity of 500K shares being blocked at price LKR 255/-. Having traded between LKR 250/- and LKR 258/- within the trading day, JKH settled at LKR 255/- down by LKR 2.80/- or 1.09%. Contributing LKR Mn, Nestle Lanka PLC (NEST) secured the second place. NEST was backed by an off- board block where a total of 42K shares were crossed at LKR 2,500/-. Having witnessed notable foreign interest within the trading day, NEST closed at LKR 2,448/- (gaining LKR /- or 5.73%). The subscription provided by Vallibel One PLC (VONE) LKR 36.12Mn was noteworthy; VONE too witnessed off-board interest worth LKR 35.20Mn, where a substantial quantity of 2.03Mn shares were dealt at price LKR 17.30/-. VONE closed the trading day at LKR 16.80/- (Flat). Moreover, the three prime contributors for the turnover JKH, NEST & VONE accounted to 58% of the daily aggregate turnover.

2 Under the sectorial round-up, Diversified Holdings (DIV) sector topped the list providing LKR Mn. Beverage Food & Tobacco (BFT) sector also performed providing LKR Mn to the daily aggregate turnover. Shares totaling up to 27.16Mn changed hands during the day resulting in a gain of 11.64% compared to the previous trading day. Panasian Power PLC, Central Investments & Finance PLC and Expolanka Holdings PLC were the top traded counters for the day with 3.11Mn, 2.81Mn and 2.38Mn shares respectively being traded. Price gainers surpassed the price losers by 93:81; where Swadeshi Industrial Works PLC (+17.50%) led the gainers, on the other hand, Environmental Resources Investments PLC [W6] (-16.67%) led the price losers. Foreign participants appeared to be bullish during the day for the 3 rd consecutive trading day resulting in a net foreign inflow of LKR 31.05Mn; this was resulted by foreign buying of LKR Mn and selling of LKR Mn. Week at a Glance The Colombo bourse pursued its positive momentum during the week to reach its 2 months high on Friday. Market demonstrated gradual rises in terms of indices, stock prices along with turnover levels on latter part of the week. The gains extended on Wednesday leading the benchmark index to gain (+1.07%) points and settle at 6, points. The All Share Price Index has gained points (+1.32%) and S&P SL20 Index increased by points (+0.62%) during the week. The turnover for the week was LKR 3.97Bn supported by 24 crossings totaling up to LKR 2.24Bn accounting a 56.41% contribution to the weekly turnover while recording a % increase compared to the previous week s turnover. John Keells Holdings PLC (JKH) topped the weekly turnover list by contributing LKR Mn backed by 8 crossings worth LKR Mn, accounting a significant 19% contribution to the week s total turnover; Hatton National Bank PLC non - voting [HNB X] (LKR Mn) recorded 4 Off market transactions worth LKR Mn and Sampath Bank PLC (SAMP) (LKR Mn) supported with 4 off market transactions totaling up to LKR 352.8Mn were highlighted as the top three subscribers to the weekly turnover.the aggregate turnover recorded by the top three subscribers made a noteworthy 48.56% contribution to the week s total turnover. As at the weekly closure, John Keells Holdings PLC stood at LKR 255/- down by LKR 10.00/-, Hatton National Bank PLC X closed at LKR /- up by LKR 03.10/- and Sampath Bank PLC closed at LKR /- down by LKR 3.00/-. Other crossing makers during the day were CERA (LKR 25Mn), NEST (LKR Mn), SPEN (LKR Mn), HNB (LKR 153.5Mn), TJL (LKR 27.42Mn), and VONE (LKR 35.2Mn) respectively. A total of Mn shares changed hands during the week, this was a 57.21% growth compared to the previous week. PC House PLC (19.23Mn shares), PCH Holdings Limited (10.83Mn shares) & Panasian Power PLC (9.4Mn shares) turned out as the top traded counters respectively. Foreign purchases amounting to LKR 2.24Bn outpaced the foreign sales of LKR 1.25Bn during the week, resulting in a net foreign inflow of LKR 988.7Mn marking the Year to date net foreign inflow to LKR 17.33Bn. As at the week s closure, the total market capitalization stood at LKR 2.57Tn, recording a year to date gain of 18.44%. The market PER(X) and PBV(X) stood at and 2.37 respectively. The USD closed at LKR /- for the week. Crude oil rise amidst worries of supply disruptions in Egypt WTI crude oil has been rising during the past few days amidst the clashes between security forces and supporters of ousted president Mohammed Morsi, whilst raising concerns of supply disruptions; the country controls the Suez Canal through which nearly 3 Million barrels of oil is being transported per day. WTI closed the week at $107.33, nearing a highest level in almost 2 weeks and BRENT closed at $111.11, recording its highest value post to mid-march 2013.

3 Earnings Results - April to June 2013 LKR "000" Sector Company Q1 FY13/14 Q1 FY12/13 Profit After Tax Growth QoQ FY 2012/13 FY 2011/12 Growth YoY BFI DFCC BANK 595, , % 3,457,520 2,966, % C&P CIC HOLDINGS PLC (75,270) (25,080) % 230, , % DIV CARSONS CUMBERBATCH PLC 585, , % 4,567,316 7,002, % HEMAS HOLDINGS PLC 276, , % 1,657,655 1,164, % RICHARD PIERIS AND COMPANY PLC 185, , % 1,902,724 2,575, % SUNSHINE HOLDINGS PLC 65, , % 611, , % MFG KELANI TYRES PLC 148,606 81, % 447, , % MTR DIESEL & MOTOR ENGINEERING PLC 28, , % 462,150 2,701, % OIL THE BUKIT DARAH PLC 511, , % 4,249,149 6,742, % P&E HEMAS POWER PLC 101,931 39, % 282, , % LANKA IOC PLC 1,349, , % 2,908, , % LAUGFS GAS PLC 270,329 37, % 1,060, , % LKR "000" Sector Company 2Q Q 2012 Profit After Tax Growth QoQ 6M M 2012 Growth YoY BFI CEYLINCO INSURANCE PLC 162, , % 489, , % COMMERCIAL BANK OF CEYLON PLC 2,230,954 2,350, % 4,488,106 5,161, % HATTON NATIONAL BANK PLC 2,149,741 1,698, % 3,411,932 2,976, % NATIONAL DEVELOPMENT BANK PLC 797, , % 1,304,641 1,330, % NATIONS TRUST BANK PLC 478, , % 980, , % SAMPATH BANK PLC 651,738 1,263, % 1,707,634 2,802, % 2, ,000 1,500 1, LKR Mn Mon Tue Wed Thu Fri This Week(T/O) Last Week (T/O) This Week (VOL) Last Week (VOL) ,000 1,500 1, Mon Tue Wed Thu Foreign Buying Foreign Selling Foreign Contribution 100% 80% 60% 40% 20% 0%

4 Description MARKET STATISTICS For The Week Daily POINTS % CHANGE 16-Aug-13 8-Aug-13 Points 16-Aug Aug-13 ASPI % 6, , , , S&P SL % 3, , (4.14) 3, , MARKET PER (X) MARKET PBV (X) FOREIGN PARTICIPATION CHANGE % CHANGE This Week Last Week % CHANGE 16-Aug Aug-13 TOTAL FOREIGN BUYING 1,313,910, % 2,243,650, ,739, % 190,746, ,743,914 TOTAL FOREIGN SELLING 687,629, % 1,254,936, ,306, % 159,694, ,260,243 TOTAL FOREIGN INFLOW/(OUTFLOW) 626,281, % 988,713, ,432, % 31,052, ,483,671 MARKET TURNOVER & VOLUME CHANGE % CHANGE This Week Last Week % CHANGE 16-Aug Aug-13 TOTAL TURNOVER (LKR Mn) 2,135,670, % 3,966,353,464 1,830,682, % 596,144, ,602,220 TOTAL VOLUME 52,202, % 143,449,380 91,247, % 27,157,744 24,325,604 SECTOR STATISTICS PER (x) PBV (x) 16-Aug-13 8-Aug-13 % CHANGE 16-Aug Aug-13 BANK FINANCE AND INSURANCE , , % 13, , BEVERAGE FOOD AND TOBACCO , , % 22, , CONSTRUCTION AND ENGINEERING , , % 2, , CHEMICALS AND PHARMACEUTICALS , , % 6, , DIVERSIFIED HOLDINGS , , % 1, , FOOTWEAR AND TEXTILE % HOTELS AND TRAVELS , , % 3, , HEALTH CARE % INVESTMENT TRUSTS , , % 17, , INFORMATION TECHNOLOGY % LAND AND PROPERTY % MANUFACTURING , , % 3, , MOTORS , , % 15, , OIL PALMS , , % 96, , POWER & ENERGY % PLANTATIONS % STORES SUPPLIES , , % 22, , SERVICES , , % 23, , TELECOMMUNICATIONS % TRADING , , % 15, , MARKET CAPITALISATION COMPANY NAME SYMBOL ISSUED QTY PRICE % (Total) Mkt Capitalization CEYLON TOBACCO COMPANY PLC CTC.N ,323,751 1, ,753,117,240 JOHN KEELLS HOLDINGS PLC JKH.N ,857, ,297,725,878 NESTLE LANKA PLC NEST.N ,725,463 2, ,159,972,822 COMMERCIAL BANK OF CEYLON PLC COMB.N ,112, ,896,443,152 CARSON CUMBERBATCH PLC CARS.N ,386, ,180,057,202 SRI LANKA TELECOM PLC SLTL.N0000 1,804,860, ,818,774,000 THE BUKIT DARAH PLC BUKI.N ,000, ,380,000,000 DIALOG AXIATA PLC DIAL.N0000 8,143,778, ,036,494,283 DISTILLERIES COMPANY OF SRI LANKA PLC DIST.N ,000, ,810,000,000 AITKEN SPENCE PLC SPEN.N ,996, ,531,517,490

5 HIGHEST VOLUME For The Week On 16th August 2013 COMPANY NAME VOLUME COMPANY NAME TRADES VOLUME TURNOVER (Rs) PC HOUSE PLC 19,226,793 PANASIAN POWER PLC 148 3,114,726 7,786,217 PCH HOLDINGS LIMITED 10,830,128 CENTRAL INVESTMENTS & FINANCE PLC 105 2,811,277 2,466,636 PANASIAN POWER PLC 9,408,727 EXPOLANKA HOLDINGS PLC 176 2,380,660 17,340,142 EXPOLANKA HOLDINGS PLC 6,623,843 TEXTURED JERSEY LANKA PLC 108 2,205,850 29,819,948 HATTON NATIONAL BANK PLC 6,334,948 VALLIBEL ONE PLC 55 2,089,539 36,119,036 CENTRAL INVESTMENTS & FINANCE PLC 5,930,473 TOKYO CEMENT COMPANY PLC (X) 183 1,638,792 34,599,670 TEXTURED JERSEY LANKA PLC 5,911,801 PC PHARMA PLC 96 1,314,133 1,522,307 SMB LEASING PLC 4,772,295 JOHN KEELLS HOLDINGS PLC , ,276,670 ACCESS ENGINEERING LIMITED 3,899,957 F L C HOLDINGS PLC ,544 1,648,809 PC PHARMA PLC 3,067,555 NATION LANKA FINANCE PLC ,939 4,302,229 HIGHEST TURNOVER For The Week On 16th August 2013 COMPANY NAME TURNOVER (Rs) COMPANY NAME TRADES VOLUME TURNOVER (Rs) JOHN KEELLS HOLDINGS PLC 760,982,423 JOHN KEELLS HOLDINGS PLC , ,276, HATTON NATIONAL BANK PLC (X) 728,252,298 NESTLE LANKA PLC 29 42, ,720, SAMPATH BANK PLC 436,667,329 VALLIBEL ONE PLC 55 2,089,539 36,119, AITKEN SPENCE PLC 370,885,585 TOKYO CEMENT COMPANY PLC (X) 183 1,638,792 34,599, HATTON NATIONAL BANK PLC 245,781,928 TEXTURED JERSEY LANKA PLC 108 2,205,850 29,819, NESTLE LANKA PLC 170,400,746 COMMERCIAL BANK OF CEYLON PLC ,075 19,951, COMMERCIAL BANK OF CEYLON PLC 133,388,614 EXPOLANKA HOLDINGS PLC 176 2,380,660 17,340, CEYLON TOBACCO COMPANY PLC 86,965,519 TOKYO CEMENT COMPANY (LANKA) PLC ,368 11,995, ACCESS ENGINEERING LIMITED 86,412,604 COMMERCIAL BANK OF CEYLON PLC (X) 35 94,780 9,003, TEXTURED JERSEY LANKA PLC 83,607,652 PANASIAN POWER PLC 148 3,114,726 7,786, TOP GAINERS On 16th August 2013 For The Week COMPANY CHANGE VWA DAYS VWA COMPANY CHANGE VWA Week VWA Prv. Week % CLOSE Prev. Close % Close (Rs.) Close (Rs.) SWADESHI , , AUTODROME , KALAMAZOO , , CEYLON PRINTERS , , Trade Share Turnover Company NUWARA ELIYA Code , , SWADESHI , , Vol Vol. (Rs) TOKYO CEMENT CARGO BOAT JOHN KEELLS HOLDINGS PLC ,542, ,552, RADIANT GEMS CEYLON TOBACCO , , DISTILLERIES COMPANY PLC ,505,084 47,184, COMMERCIAL BANK PLC ,469 35,308, TOP LOSERS HAYLEYS PLC ,351 19,634, On 16th August 2013 For The Week COMMERCIAL BANK PLC(X) ,866 13,212, CHANGE VWA DAYS VWA CHANGE VWA Week VWA Prv. Week DIALOG AXIATA COMPANY PLC ,271 12,593, COMPANY % CLOSE Prev. Close % Close (Rs.) Close (Rs.) ROYAL CERAMICS LANKA PLC ,550 10,647, ENVI. RESOURCES [W6] C T HOLDINGS PLC (16.67) ENVI. RESOURCES [W3] 513,512 10,125, (57.14) PC HOUSE AMANA TAKAFUL PLC (12.50) , ENVI. RESOURCES [W6] 9,049, (37.50) E B CREASY CARSONS CUMBERBATCH PLC (11.31) , ,880 1, PCH HOLDINGS 8,669, (36.36) CEYLON LEATHER [W14] (10.00) PC HOUSE (30.00) PC PHARMA (8.33) SERENDIB LAND (24.71) 1,

6 DATE COMPANY QTY PRICE (Rs) TURNOVER (Rs) 12-Aug-13 CERA 200, ,000, Aug-13 NEST 11,600 2, ,100, Aug-13 JKH 180, ,160, Aug-13 JKH 126, ,760, Aug-13 HNB X 200, ,000, Aug-13 HNB X 2,500, ,500, Aug-13 HNB X 3,030, ,487, Aug-13 HNB X 237, ,255, Aug-13 JKH 391, ,660, Aug-13 JKH 190, ,400, Aug-13 JKH 180, ,800, Aug-13 SAMP 400, ,400, Aug-13 SAMP 500, ,000, Aug-13 SAMP 400, ,400, Aug-13 SAMP 500, ,000, Aug-13 SPEN 236, ,272, Aug-13 SPEN 2,449, ,787, Aug-13 HNB 1,000, ,500, Aug-13 JKH 343, ,494, Aug-13 JKH 91, ,383, Aug-13 JKH 408, ,116, Aug-13 TJL 2,031, ,423, Aug-13 VONE 2,034, ,201, Aug-13 NEST 41,800 2, ,500, Dividend Announcements Company Dividned Term XD Date Payment SIL Rs First & Final 22.Aug Sep.2013 CTBL Rs First & Final 22.Aug Sep.2013 HARI Rs Final 23.Sep Oct.2013 SOY Rs First & Final 20.Sep Sep.2013 HEXP Rs Interim 23.Aug Sep.2013 HVA Rs First & Final 20.Sep Sep.2013 ASHO Rs First & Final 23.Sep Sep.2013 LCEY Rs First & Final 25.Sep Oct.2013 ALLI Rs Final 18.Sep Sep.2013 Exchange Rates Indicative Rates Currency 16th August 15th August 16th August 15th August 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)

7 Central Bank's Policy Rates Description Rate (% Per Annum) Central Bank Repurchase (Repo) Rate 7.00 Central Bank Reverse Repurchase (Reverse Repo) Rate 9.00 Bank Rate Statutory Reserve Ratio (SRR) 6.00 Treasury Bills AWPLR 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 % Description Annual Average Change % May June July May June July SLIBOR & LIBOR Description SLIBOR (16th August) (%) LIBOR - GBP (15th August) (%) LIBOR - USD (15th August) (%) (CBSL.lk, Global-rates.com,) Over Night 7 Days 1 M 3 M 6 M 12 M % 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% M 6M 12M

8 Country Foreign Markets- Index 15-Aug-13 % Change 14-Aug-13 % Change 13-Aug-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, % 13, Hong Kong Hang Seng Index 22, % N/A N/A 22, China CSI 300 Index 2, % 2, % 2, Pakistan Karachi 100 Index 23, % N/A N/A 23, India BSE Sensex 30 Index N/A N/A 19, % 19, Singapore Straits Times Index STI 3, % 3, % 3, Malaysia FTSE Bursa Malaysia EMAS 12, % 12, % 12, Bangladesh DSE General Index DGEN N/A N/A N/A N/A N/A Mongolia MSE Top 20 Index 13, % 13, % 13, Bloomberg Rubber Prices - 13 August 2013 World Commodity Prices Grade Price Range (Rs) Commodity 16-Aug Aug Aug-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 Flat Bark Month Skim Crepe January 74,197 85,874 97,411 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 : 30 Sale No : 29 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

9 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.