The bourse sinks further

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1 Index 25th July 24th July Change % Change ASPI 6, , (40.98) -0.67% S&P SL20 3, , (24.63) -0.71% 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 25th July 24th July 290,254, ,609, ,295, ,023, ,433, ,835,286 36,959, ,586,105 13,821,243 11,773,962 13,600,278 13,198, , , , , , , , , , , th July 19th July 23rd July 24th July 25th July Sch ASPI S&P SL20 18th July 19th July 23rd July 24th July 25th July Volume Mn The bourse sinks further Deviating further from its three week s apex reached on Tuesday, the bourse exhibited another drop today and again, the inactive market conditions fell down the ASPI further to conclude the day within the negative terrain at 6,038.16, shedding points (-0.67%). The S&P SL20 (3,423.48) concluded negative for the 1 st time during the week, losing 0.71% or points; this was having gained points or 2.10% during the past 4 trading days. As at the daily closure, the total market capitalization stood at LKR 2.32Tn while reducing the year to date gain to 7.20%. The daily turnover aggregated up to record LKR Mn; nearly 42% of this flowed through the top 3 subscriber for the day JKH, DIAL & CINS (X). John Keells Holdings PLC (JKH), which dominated the turnover list during the past 4 trading days, once again stood out as the prime subscriber for the day contributing LKR 59.85Mn; this accounted to 21% of the daily aggregate turnover. JKH was predominantly supported by an off-board block worth LKR 53.06Mn where a quantity of 198K shares were dealt at price LKR 268/-. As at the day s closure the counter stood at LKR 267/-, dipping by LKR 2.70/- or 1%. Dialog Axiata PLC (DIAL) stood next line providing LKR 39.72Mn.Notably, DIAL witnessed a sizable on-board block today as well, where a quantity of 4Mn shares were blocked at price LKR 8.80/-; the counter settled the day at LKR 8.60/- (down by LKR 0.20/- or 2.27%). Ceylinco Insurance PLC (X) added LKR 21.61Mn to the daily turnover. Turnover Foreign Purchases Volume

2 The day witnessed a total of 13.60Mn shares changing hands, indicating a trivial gain of 3.04%. The top traded counters for the day were Dialog Axiata PLC, Textured Jersey Lanka PLC & Hemas Holdings PLC with 4.51Mn shares, 739K shares & 523K shares respectively. Under the sectorial round-up, Bank Finance & Insurance (BFI) sector topped the list and provided LKR 92Mn, dominating the list while accounting to 32% of the total turnover. Diversified Holdings sector provided LKR 87.75Mn to the turnover. Foreign participants were bullish during the day for the 03 rd consecutive trading day where foreign buying of LKR 36.96Mn overtook foreign selling which amounted to LKR 13.82Mn; this added LKR 23.14Mn to the year to date net foreign inflow of LKR 16.86Bn.With regard to the local FOREX, the USD closed at LKR /- selling and LKR /- buying. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) JOHN KEELLS HOLDINGS PLC ,758, ,021,405, CEYLON TOBACCO COMPANY PLC ,323, ,532,627, NESTLE LANKA PLC 1, ,725, ,078,379, COMMERCIAL BANK OF CEYLON PLC ,101,192 92,671,609, CARSON CUMBERBATCH PLC ,386,914 82,482,503, SRI LANKA TELECOM PLC ,804,860,000 73,818,774, DIALOG AXIATA PLC ,143,778,405 70,036,494, THE BUKIT DARAH PLC ,000,000 69,880,200, DISTILLERIES COMPANY OF SRI LANKA PLC ,000,000 57,030,000, AITKEN SPENCE PLC ,996,045 50,790,105, Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. DIALOG AXIATA PLC 4,514,047 39,721, JOHN KEELLS HOLDINGS PLC ,378 59,847, TEXTURED JERSEY LANKA PLC 739,460 9,327, DIALOG AXIATA PLC 27 4,514,047 39,721, HEMAS HOLDINGS PLC 523,300 17,322, CEYLINCO INSURANCE PLC (X) 26 54,017 21,606, PC HOUSE PLC 474, , HEMAS HOLDINGS PLC ,300 17,322, RICHARD PIERIS AND COMPANY PLC 458,221 3,143, COMMERCIAL BANK OF CEYLON PLC (X) ,712 10,715, CHILAW FINANCE PLC 450,477 6,574, NATIONAL DEVELOPMENT BANK PLC 22 59,597 10,011, SIERRA CABLES PLC 411, , SAMPATH BANK PLC 58 47,028 9,405, BROWNS INVESTMENTS PLC 373,881 1,045, TEXTURED JERSEY LANKA PLC ,460 9,327, EXPOLANKA HOLDINGS PLC 292,105 1,928, E B CREASY & COMPANY PLC 14 5,875 7,343, ASIA ASSET FINANCE PLC 290, , COMMERCIAL BANK OF CEYLON PLC 38 58,650 6,836,464.50

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] ,211 9, CEYLON PRINTERS 1, , , , , MULTI FINANCE , , RENUKA SHAW [X] HAPUGASTENNE Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) BERUWELA WALKINN (11.90) (14.05) , HUEJAY (8.90) (12.55) , S M B LEASING (0.10) (12.50) ,302 2, PC PHARMA (0.20) (12.50) ,750 70, NAMUNUKULA (9.50) (11.24) ,844 1,293, Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13, , ,000,902 2,503,222 1, BEVERAGE FOOD AND TOBACCO 18, , ,962, , CONSTRUCTION AND ENGINEERING 2, , ,023, , CHEMICALS AND PHARMACEUTICALS 7, , ,473, , DIVERSIFIED HOLDINGS 1, , ,749,563 2,229, FOOTWEAR AND TEXTILE ,456 33, HOTELS AND TRAVELS 3, , ,900, , HEALTH CARE ,496 55, INVESTMENT TRUSTS 19, , ,643, , INFORMATION TECHNOLOGY , , LAND AND PROPERTY ,244, , MANUFACTURING 3, , ,537,560 1,722, MOTORS 15, , ,309 1, OIL PALMS 95, , , POWER & ENERGY ,522, , PLANTATIONS ,493, , STORES SUPPLIES 24, , ,858,549 3, SERVICES 24, , ,931 20, TELECOMMUNICATIONS ,849,801 4,517, TRADING 15, , ,136,621 44,

4 Exchange Rates Indicative Rates Currency 25th July 24th July 25th July 24th 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 (25th July ) (%) LIBOR - GBP (24th July ) (%) LIBOR - USD (24th July ) (%) (CBSL.lk, Global-rates.com, CBSL ) Over Night 7 Days 1 M 3 M 6 M 12 M

5 Country Foreign Markets- Index 24-Jul-13 % Change 23-Jul-13 % Change 22-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 20, % 20, % 20, Singapore Straits Times Index 3, % 3, % 3, Malaysia FTSE Bursa Malaysia EMAS 12, % 12, % 12, Bangladesh DSE General Index DGEN 4, % 4, % 4, Mongolia MSE Top 20 Index 14, % 14, % 14, Bloomberg Rubber Prices - 18 July 2013 World Commodity Prices Grade Price Range (Rs) Commodity 25-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 Chinese firm to build $1.4 Bn Sri Lanka city complex Sri Lanka has finalized a deal with a Chinese company to build a $1.4 billion city complex on reclaimed land near the harbor of the capital Colombo. The state-run Sri Lanka Ports Authority (SLPA) will reclaim 230 hectares (568 acres) next to the new Colombo South port. The SLPA finalized a deal under which China Communications Construction Company Limited (CCCC) will invest $1.43 billion to build a "Port City" that will change the coastline in the capital. SLPA planned a new 22-floor headquarters, hotels, apartments and recreational activities on the reclaimed land. The CCCC will be given 50 hectares (123 acres) of the land on a 99-year lease. Several international hotels, including Hong Kong-based Shangri La are building hotels in Sri Lanka to cash in on the island's post-war growth after troops crushed Tamil rebels and ended 37 years of ethnic war in May Chinese companies have emerged as key infrastructure partners and have already built air and sea ports, highways and railroads in the Indian Ocean Island, which is strategically located along East-West trade routes. (lankabusinessonline.com) South Korea economic growth beats forecasts South Korea's economy grew by more than forecast in the April to June period, boosted by a jump in domestic consumption and government spending. Growth was 1.1% higher in the quarter than in previous three months. Compared with the same period last year, the economy expanded by 2.3% South Korea has unveiled a series of stimulus moves over the past few months in an attempt to spur economic growth. These measures, including a 17.3tn won ($15.3bn; 10bn) stimulus plan announced in April, were introduced in an attempt to boost domestic consumption to offset the slowing demand for the country's exports. Demand for South Korean exports has dipped amid a slowdown in key markets such as the US and Europe. That triggered concerns that its growth may decline sharply, not least because exports account for nearly half of South Korea's overall economic output. The government had supposed that its latest stimulus move would help create 40,000 jobs, boost a stagnant property market and cover a shortfall in tax revenue and that it expected it to help boost annual growth by 0.3 percentage point this year. (bbc.co.uk) Eurozone industry 'growing again' Private sector industry in the Eurozone returned to growth in July, boosting hopes that the single currency area will soon emerge from recession. The Markit Eurozone Purchasing Managers' Index (PMI), which measures business output, was 50.4 in July. A figure above 50 indicates expansion. July's figure was up from 48.7 in June, and marks an 18-month high. The Eurozone has been in recession since the end of Markit's survey found that manufacturers reported the largest monthly increase in output since June 2011, and output in the sector grew for the first time since February Service sector activity fell, but the decline was the smallest in 18 months. The latest forecasts from the European Central Bank are for the Eurozone economy to contract by 0.6% over 2013 as a whole, but for it to recover with growth of 1.1% in (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.