The Bourse ends its 4 day losing streak, closing with marginal

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1 Index 18th July 17th July 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.M 0 18th July 17th July 665,184, ,743, ,204, ,227, ,223, ,471, ,979,791 34,516, ,961,093 20,272,656 16,085,577 12,798, , , , , , , , , , , th Sch July 15th July 16th July 17th July 18th July ASPI S&P SL20 12th July 15th July 16th July 17th July 18th July Turnover Foreign Purchases Volume Volume Mn The Bourse ends its 4 day losing streak, closing with marginal gains The Market recovered to some extent from its bear run as the indices reversed the gear, to conclude within the green terrain; this was having lost points or 1.33% during the past 4 trading days. The indices trended upwards albeit volatilities being observed on most occasions within the day, while resulting indices to sway on positive and negative regions. The benchmark ASPI gathered a tiny 3.10 points or 0.05% to conclude at 5, Following a similar pattern, the S&P SL20 too closed positive gaining a minute 2 points or 0.06% to settle the day at 3, As at the day s close, the total market capitalization stood at LKR 2.30Tn, charting a year to date gain of 6.27%. The market PER & PBV stood at and 2.16 respectively. Off-market activity was evident during the day where 9 negotiated transactions amounting to LKR Mn overshadowed the on-board dealings of LKR Mn; further this resulted in an aggregated turnover of LKR Mn being noted, whilst indicating a significant increase of % against the previous trading day. John Keells Holdings (JKH) emerged strong under the top subscriber list witnessing significant foreign interest where net foreign buying of LKR Mn was observed. The counter provided a notable Mn, while alone accounting a share of nearly 40% of the total turnover, predominantly supported by 5 negotiated deals where a total quantity of 912K shares were blocked at price LKR 250/-. JKH which witnessed a gradual dip in share price during the past few days settled at its intraday high of LKR 250/- gaining LKR 4/- (+1.63%). Standing next in line, National Development Bank PLC (NDB) made a contribution of LKR Mn, supported by 2 crossing worth LKR 57.87Mn. The counter witnessed two onboard blocks where 145K shares & 296K shares were dealt at price LKR 165/-. NDB closed the day s trading at LKR 169/- (up by LKR 6.20/- or 3.81%). Further on, NDB too witnessed noteworthy foreign interest during the day recording net foreign buying worth LKR 97.23Mn.

2 Aitken Spence PLC (SPEN) made a notable subscription of LKR Mn to the turnover, and concluded the day at LKR /- (down by LKR 1.20/- or 0.97%). SPEN was mostly supported by 2 block-trades where equal quantities of 500K shares each were crossed at prices LKR /- and LKR /-. Under the sectorial summary, Diversified Holdings (DIV) sector stood out as the prime contributor providing LKR Mn, while accounting to 59% of the aggregated turnover for the day. Further, the Bank Finance & Insurance (BFI) sector added LKR Mn to the daily turnover. During the day, shares totaling up to 16.09Mn changed hands, logging a gain of 25.68% compared with the previous trading day. The top traded counters during the day were PC House PLC (3.21Mn shares), Touchwood Investments PLC (2.20Mn shares), & John Keells Holdings PLC (1.04Mn shares). Price losers outstripped the price gainers by 83:71; where, Touchwood Investments PLC (12.50%) took the lead under the list of gainers and Office Equipment PLC (-22.56%) led the price losers. Foreign participants were bullish during the day, to result in a net foreign in flow of LKR Mn (foreign buying amounted to LKR Mn & selling amounted to LKR Mn); this resulted in the year to date net foreign inflow to record LKR 16.84Bn. With regard to the local FOREX market, the rupee depreciated further against the USD, to close at LKR /- selling and LKR /- buying, just 3 cents below LKR 130/-. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) JOHN KEELLS HOLDINGS PLC ,715, ,171,549, CEYLON TOBACCO COMPANY PLC ,323, ,136,427, NESTLE LANKA PLC 1, ,725, ,582,692, COMMERCIAL BANK OF CEYLON PLC ,101,192 92,115,738, CARSON CUMBERBATCH PLC ,386,914 83,464,438, SRI LANKA TELECOM PLC ,804,860,000 70,750,512, THE BUKIT DARAH PLC ,000,000 69,747,600, DIALOG AXIATA PLC ,143,778,405 69,222,116, DISTILLERIES COMPANY OF SRI LANKA PLC ,000,000 55,980,000, AITKEN SPENCE PLC ,996,045 50,140,511, Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. PC HOUSE PLC 3,205,912 3,683, JOHN KEELLS HOLDINGS PLC 91 1,039, ,622, TOUCHWOOD INVESTMENTS PLC 2,204,520 9,700, NATIONAL DEVELOPMENT BANK PLC , ,837, JOHN KEELLS HOLDINGS PLC 1,039, ,622, AITKEN SPENCE PLC 6 1,002, ,514, AITKEN SPENCE PLC 1,002, ,514, UNION BANK OF COLOMBO PLC ,008 15,298, UNION BANK OF COLOMBO PLC 854,008 15,298, TOUCHWOOD INVESTMENTS PLC 358 2,204,520 9,700, NATIONAL DEVELOPMENT BANK PLC 817, ,837, CHEVRON LUBRICANTS LANKA PLC 27 20,508 6,462, PANASIAN POWER PLC 396, , ACCESS ENGINEERING PLC ,992 6,231, JOHN KEELLS HOTELS PLC 355,830 4,716, HATTON NATIONAL BANK PLC (X) 76 52,109 5,717, JANASHAKTHI INSURANCE COMPANY PLC 325,001 4,420, HATTON NATIONAL BANK PLC 34 32,682 5,011, BLUE DIAMONDS JW: PLC 320, , JOHN KEELLS HOTELS PLC ,830 4,716,956.20

3 Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) TOUCHWOOD ,204,520 9,700, AMF CO LTD , BLUE DIAMONDS [X] , , EQUITY TWO PLC , LANKA WALLTILE , , Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) OFFICE EQUIPMENT 2, , (643.00) (22.56) 2, , , BERUWELA WALKINN (14.10) (16.06) HUEJAY (8.90) (12.55) , CITRUS HIKKADUWA (3.10) (12.16) ,509 33, CEYLON LEATHER [W13] (0.20) (10.00) ,966 39, Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13, , ,711,530 3,601,635 1, BEVERAGE FOOD AND TOBACCO 18, , ,286, , CONSTRUCTION AND ENGINEERING 2, , ,247, , CHEMICALS AND PHARMACEUTICALS 7, , ,318, , DIVERSIFIED HOLDINGS 1, , ,140,598 3,008, FOOTWEAR AND TEXTILE ,169 87, HOTELS AND TRAVELS 3, , ,502, , HEALTH CARE ,558 23, INVESTMENT TRUSTS 18, , , , INFORMATION TECHNOLOGY ,693,324 3,207, LAND AND PROPERTY ,007,674 2,481, MANUFACTURING 3, , ,245, , MOTORS 15, , ,065,464 39, OIL PALMS 95, , , POWER & ENERGY ,033, , PLANTATIONS ,215,868 46, STORES SUPPLIES 23, , ,713 1, SERVICES 23, , ,524 17, TELECOMMUNICATIONS ,866 9, TRADING 15, , ,429 84,

4 Exchange Rates Indicative Rates Currency 18th July 17th July 18th July 17th 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 (18th July ) (%) LIBOR - GBP (17th July ) (%) LIBOR - USD (17th July ) (%) (CBSL.lk, Global-rates.com, CBSL ) Over Night 7 Days 1 M 3 M 6 M 12 M

5 Country Foreign Markets- Index 17-Jul-13 % Change 16-Jul-13 % Change 15-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, N/A N/A Hong Kong Hang Seng Index 21, % 21, % 21, China CSI 300 Index 2, % 2, % 2, Pakistan Karachi 100 Index 22, % 23, % 23, India BSE Sensex 30 Index 19, % 19, % 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 - 11 July 2013 World Commodity Prices Grade Price Range (Rs) Commodity 18-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 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 RS Sheet No May 48,943 57,506 70,026 RS Sheet No June 53,636 65,245 73,628 Tea Prices Tourist Arrivals to Sri Lanka 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, ,281

6 ADB sticks to 6.8% Sri Lanka growth forecast The Sri Lankan economy is forecast to grow by 6.8 percent in 2013 on the back of a strong performance in the first quarter of the year (with a growth rate of 6 percent). Healthy growth in 2013 and acceleration to 7.2 percent in 2014 will be supported by further monetary easing and improved electricity generation that will power growth in domestic industry. The ADB s latest forecast for Sri Lanka s economic growth was unchanged from the 6.8 percent forecast it made last April and was still less optimistic than the Central Bank s forecast of 7.5 percent. The South Asian region is expected to expand by 5.6 percent in 2013, marginally less than the ADB s earlier 5.7 percent forecast, and pick up momentum to post 6.2 growth in Economic growth in India is expected to slow down to 5.8 percent against an earlier forecast of 6 percent. Sri Lanka s economy grew 6.4 percent in 2012 after averaging around 8 percent from 2010 to The United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP), has forecast Sri Lanka s economy would grow by 6.5 percent in 2013, and a bit more optimistic than the IMF s 6.3 percent forecast. (island.lk) UK unemployment falls by 57,000 to 2.51 million UK unemployment fell by 57,000 to 2.51 million in the three months to May. Youth unemployment fell by 20,000, but the number of long-term jobless hit a 17-year high. The number of Jobseeker's Allowance claimants in June fell by 21,200 to 1.48 million, the first fall below 1.5 million for nearly three years.. Separately, the ONS reported that average earnings increased by 1.7% in the year to May, up by 0.2% on the previous month, giving an average weekly wage of 476. The unemployment rate was 7.8%. The number of people in employment rose by 16,000 to a total of 29.7 million. However, 915,000 people have been out of work for more than a year, an increase of 32,000 and the highest total since Just over 460,000 people have been jobless for more than two years, the highest figure since The number of people classed as economically inactive also increased in the latest quarter, up by 87,000 to 9.04 million. The ONS's regional breakdown saw wide differences. London saw a 16,000 fall in unemployment to 368,000, and the South East saw a 20,000 fall to 286,000. (bbc.co.uk) UK retail sales rise 0.2% in June UK retail sales rose by 0.2% in June from the month before, helped by department store discounts. The figure meant sales were up 2.2% from a year earlier. June's modest rise compares with strong growth in May, when sales jumped 2.1%. Sales in June at non-specialist stores, including department stores, grew at their strongest rate since March 2012, jumping 3% on the month, helped by clearance sales and promotions. Supermarkets' food sales volumes fell slightly by 0.1% in June, while non-food stores grew 0.6%. The month saw weekly spending across all retail sectors reach 6.9bn, up from 6.8bn in May. However, consumer spending remains under pressure from inflation, which is outstripping wage growth. The annual rate of inflation rose to 2.9% in June in this week, while annual wage growth, excluding bonuses, was 1% in the three months to May 30. (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.