The Colombo bourse continues to drop

Transcription

1 Index 09th July 08th July Change % Change ASPI 5, , (15.48) -0.26% S&P SL20 3, , (3.53) -0.11% Market Statistics 09th July 08th July Value of Turnover(Rs.) 254,345, ,843,057 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 215,735, ,088, ,304, ,546,373 38,610, ,754,115 41,041,735 54,296,684 14,383,994 22,172, , , , , , , , , , , rd Sch July 04th July 05th July 08th July 09th July ASPI S&P SL20 03rd July 04th July 05th July 08th July 09th July Volume Mn The Colombo bourse continues to drop The bourse witnessed a further drop for the 5 th successive trading day, triggering the indices to drown further. The ASPI managed to accumulate a few points during the early hours where it reached an intraday high of 6,008.03, but, was unable to sustain the positive trend there on; as at the closure, the index stood at 5, losing points (- 0.26%). The S&P SL20 index dropped by 3.53 points to close at 3, As at the daily closure, the total market capitalization amounted to LKR 2.30Tn while reducing the year to date gain to 5.96%. The turnover for the day was LKR Mn, noting a dip of 38.54% against the previous trading day; the top three contributors to the daily turnover accounted to 43.07% of this. Sampath Bank PLC (SAMP) took the lead under the turnover list providing LKR 54.41Mn, and settled at LKR 194/- gaining LKR 2.20/- (or 1.15%) having traded between a highest traded price of LKR 195/- and a low of LKR 192/- within the trading day. John Keells Holdings PLC (JKH) provided LKR 34.80Mn, closed the trading day at /- up by LKR 2.40/- or 1%. Furthermore, adding LKR 20.33Mn to the daily turnover, Central Finance Company PLC (CFIN) stood next in line to JKH; the counter ended flat at price LKR 182/-. Under the sectorial round-up, Bank Finance & Insurance (BFI) sector dominated the list providing LKR Mn while making account to nearly 49% of the turnover. Diversified Holdings (DIV) added LKR 49.89Mn, securing the second place. Turnover Foreign Purchases Volume

2 During the day, a total of 14.38Mn shares changed hands, indicating a drop of 35.13% from its previously recorded. Central Investments & Finance PLC (2.42Mn shares), Touchwood Investments PLC (2.20Mn shares) & PC House PLC (1.88Mn shares) stood out to be the highly traded counters for the day. Further on, TWOD managed to capture high retailer interest logging 533 trades whilst being amidst the top sought after counters during the day; the counter took the lead under the list of price gainers, closed at its highest traded price reached within the day LKR 4.70/- gaining a notable LKR 0.80/- or 20.51%. Foreign participants appeared to be bearish during the day having recorded inflows for the past four trading days, to result in a net foreign outflow of LKR 2.43Mn resulted by foreign selling of LKR 41.04Mn and foreign buying of LKR 38.61Mn; the year to date net foreign inflow currently stands at LKR 15.74Bn. 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 ,699, ,391,656, CEYLON TOBACCO COMPANY PLC ,323, ,368,399, NESTLE LANKA PLC 1, ,725, ,206,614, COMMERCIAL BANK OF CEYLON PLC ,084,866 90,128,632, CARSON CUMBERBATCH PLC ,386,914 82,639,613, SRI LANKA TELECOM PLC ,804,860,000 71,291,970, THE BUKIT DARAH PLC ,000,000 69,870,000, DIALOG AXIATA PLC ,143,778,405 67,593,360, DISTILLERIES COMPANY OF SRI LANKA PLC ,000,000 56,790,000, HATTON NATIONAL BANK PLC ,685,410 50,224,820, Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. CENTRAL INVESTMENTS & FINANCE PLC 2,424,428 3,850, SAMPATH BANK PLC ,896 54,411, TOUCHWOOD INVESTMENTS PLC 2,202,430 9,527, JOHN KEELLS HOLDINGS PLC ,941 34,804, PC HOUSE PLC 1,877,116 2,259, CENTRAL FINANCE COMPANY PLC ,701 20,329, BLUE DIAMONDS JW: PLC (X) 877, , CEYLINCO INSURANCE PLC 5 14,922 16,414, ASIA ASSET FINANCE PLC 402, , TOUCHWOOD INVESTMENTS PLC 532 2,202,430 9,527, OVERSEAS REALTY (CEYLON) PLC 387,755 7,171, OVERSEAS REALTY (CEYLON) PLC ,755 7,171, SOFTLOGIC HOLDINGS PLC 360,120 3,417, CHEVRON LUBRICANTS LANKA PLC 38 20,943 6,285, SAMPATH BANK PLC 281,896 54,411, THE BUKIT DARAH PLC 12 8,569 5,869, F L C HOLDINGS PLC 260, , COMMERCIAL BANK OF CEYLON PLC 45 48,165 5,467, PEOPLE'S LEASING & FINANCE PLC 236,140 3,471, CEYLON TOBACCO COMPANY PLC 6 4,160 4,137,780.00

3 Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) TOUCHWOOD ,202,431 9,527, BLUE DIAMONDS [X] , , PC HOUSE ,877,116 2,259, MADULSIMA , SINHAPUTHRA FIN Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) G S FINANCE (159.00) (24.84) CEYLON LEATHER [W13] (0.30) (12.50) ,010 12, UDAPUSSELLAWA (3.50) (10.90) UNION CHEMICALS (42.00) (8.40) , MERC. SHIPPING (9.00) (5.39) , Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13, , ,203,297 4,559,624 1, BEVERAGE FOOD AND TOBACCO 18, , ,719,681 85, CONSTRUCTION AND ENGINEERING 2, , ,438,144 51, CHEMICALS AND PHARMACEUTICALS 7, , ,923,448 28, DIVERSIFIED HOLDINGS 1, , ,889,233 1,642, FOOTWEAR AND TEXTILE ,783 39, HOTELS AND TRAVELS 3, , ,172, , HEALTH CARE ,485, , INVESTMENT TRUSTS 18, , ,974, , INFORMATION TECHNOLOGY ,734,572 1,958, LAND AND PROPERTY ,195,450 2,805, MANUFACTURING 3, , ,307,083 1,652, MOTORS 15, , ,071,808 7, OIL PALMS 97, , ,879,870 8, POWER & ENERGY ,447, , PLANTATIONS ,510, , STORES SUPPLIES 24, , , SERVICES 23, , ,931 34, TELECOMMUNICATIONS ,881 32, TRADING 15, , ,147, ,

4 Exchange Rates Indicative Rates Currency 09th July 08th July 09th July 08th 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 (09th July ) (%) LIBOR - GBP (08th July ) (%) LIBOR - USD (08th July ) (%) (CBSL.lk, Global-rates.com, CBSL ) Over Night 7 Days 1 M 3 M 6 M 12 M

5 Country Foreign Markets- Index 8-Jul-13 % Change 5-Jul-13 % Change 4-Jul-13 USA Dow Jones Indus. AVG 15, % 15, N/A N/A USA NASDAQ Composite Index 3, % 3, N/A N/A Europe Euro Stoxx 50 Pr 2, % 2, % 2, UK FTSE 100 6, % 6, % 6, Japan Nikkei , % 14, % 14, Hong Kong Hang Seng Index 20, % 20, % 20, China CSI 300 Index 2, % 2, % 2, Pakistan Karachi 100 Index 22, % 22, % 21, 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, % 4, % 4, Mongolia MSE Top 20 Index 14, % 14, % 14, Bloomberg Rubber Prices - 02 July 2013 World Commodity Prices Grade Price Range (Rs) Commodity 9-Jul-13 8-Jul-13 5-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 Skim Crepe 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 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 rupee weak, excess liquidity high Sri Lanka rupee weakened Monday and quotes in the spot market dried up following moral suasion, as high levels of liquidity remained in money markets from a reserve ratio cut. In the spot market where trades are settled two days later, which is usually the most active segment, quotes dried up amid moral suasion. But smaller banks, who usually buy at high prices, sold dollars at /70 rupees by a state name that usually acts for the monetary authority. In the spot next market, where settlement is made three days later there were trades at /90 rupee levels and quotes at / levels against the US dollar. The central bank flooded the banking system with around 45 billion rupees of cash on July 01, when it was already flushed with 13 billion rupees in excess liquidity and the rupee was weakening. Only about 25 billion rupees of liquidity was withdrawn from the market by outright sales of Treasury bills. Another auction to withdraw 10 billion rupees was called but bids were not accepted. Excess liquidity has ranged around 35 billion rupees since then, though dollar sales may help take in down. The pressure on the rupee comes as the liquidity is converted to credit, which is then spent and eventually draws imports. (lankabusinessonline.com) Sri Lanka tea crop hit by heavy rains Sri Lanka's tea crop has been hit badly by heavy rain in June with some estates seeing production falling to less than half and losses in some firms mounting to 100 million rupees. The Ceylon Planters' Association of Ceylon, representing about two dozen large firms said due to high labour costs and low volumes the cost of production was now about 700 to 735 rupees per kilogram of made tea while the average auction price was 325 rupees. Some companies have lost about 100 million rupees last month. Estates in Nuwara Eliya, Hatton, Dickoya, Agarapatana and Talawakelle areas the crop intake has fallen to 40 to 45 percent of the average. Until the heavy rains in June, Sri Lanka's tea production, especially in the lower elevations was up from In May Sri Lanka's tea production rose 3 percent to 33.7 million kilograms from a year earlier, with the high grown crop falling 5 percent, the medium grown up 2 percent and low growns up 7 percent. Tea production was up 8.1 percent to million kilos. (lankabusinessonline.com) China's inflation rate rises to 2.7% China's inflation rate rose by more than expected in June, increasing to 2.7% from 2.1% the month before. Food price inflation was 4.9% in June, compared with 3.2% in May, with rising pork prices partly to blame. It remains below the government's target figure of 3.5%. The latest figure reduces the prospect of interest rate cuts in Cutting interest rates risks inflating a property bubble, while tightening may put additional pressure on the economy in the middle of the current global economic uncertainty. China expects economic growth this year to be 7.5% - which would be the slowest rate in 23 years for the country. The government is due to release data on gross domestic product for the second quarter of the year on 15 July. (bbc.co.uk)

7 Vice President Business Development Thakshila Hulangamuwa Manager - Research Pasindu Perera 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.