- Index 3rd Mar 28th Feb Change % Change ASPI 5,914.01 5,940.31 (26.30) -0.44% S&P SL20 3,213.89 3,223.66 (9.77) -0.30% 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 1,000 900 800 700 600 500 400 300 200 100 0 Rs.Mn 0 Sch890111149 3rd Mar 28th Feb 259,655,829 851,639,880 145,499,508 608,986,866 151,848,839 565,606,714 114,156,321 242,653,014 107,806,990 286,033,167 13,978,883 33,187,400 15.68 15.75 1.95 1.96 5,883.05 5,835.92 5,872.81 5,940.31 5,914.01 3,208.00 3,180.06 3,188.80 3,223.66 3,213.89 24th Feb 25th Feb 26th Feb 28th Feb 3rd Mar ASPI S&P SL20 24th Feb 25th Feb 26th Feb 28th Feb 3rd Mar Turnover Foreign Purchases Volume 40 35 30 25 20 15 10 5 0 Volume Mn The month of March begins on a negative note Investors took a small breather on the first trading day of March resulting in the bourse to re-enter the negative terrain having closed positive during the past 2 trading days where it gathered 104.39 points (or nearly 2.00%). The benchmark ASPI ended lower at 5,914.01 losing 26.30 points (or 0.44%). Following a similar trend, the S&P SL20 too ended red at 3,213.89 having dropped by 9.77 points or 0.30%. As at the day s close, the total market capitalization stood at LKR 2.47Tn, with a year to date gain of 0.40%. The market PER and PBV stood at 15.68x and 1.95x respectively. The aggregate turnover for the day amounted to LKR 259.66Mn, charting a drop of 69.51% as against the previous trading day. Moreover, the three prime contributors for the day LLUB, COMB & SAMP accounted to 40.39% of the daily aggregated turnover. Chevron Lubricants Lanka PLC (LLUB) spearheaded the turnover list by making a subscription of LKR 69.02Mn to the turnover, accounting to nearly 30.00% of it. Having traded between a highest traded price of LKR 279.90/- and a low of LKR 275.00/-, the counter closed the day at LKR 276.00/- charting a drop of LKR 1.20/- or 0.43%, just LKR 1.0/- above its lowest price reached within the day. Commercial Bank of Ceylon PLC (COMB) made a contribution of LKR 21.64Mn to the daily turnover and Sampath Bank PLC (SAMP) added LKR 14.22Mn, standing next in line to LLUB. As at the daily closure COMB stood at LKR 115.00/- with no change to its share price and SAMP settled at LKR 171.00/-, down by LKR 1.00/- or 0.58%. During the day a total of 13.98Mn shares changed hands charting a drop of 57.88% against its previously recorded.
Citrus Leisure PLC (W19) (2.63Mn shares), Dialog Axiata PLC (1.52Mn shares) & Touchwood Investments PLC (1.17Mn shares) turned out as the highly traded counters for the day. Under the sectorial round-up, Manufacturing (MFG) sector stood on top providing LKR 77.21Mn accounting a share of 30.00% of the day s total turnover and Bank Finance & Insurance (BFI) sector secured the second place contributing LKR 69.93Mn; nearly 60.00% of the daily turnover flowed in through the contribution made by these two sectors. With regard to the movement in share prices, price losers slammed the price gainers by 123:47. Foreign participants appeared to be net buyers for the day recording a net foreign inflow of LKR 6.35Mn. Foreign sales for the day amounted to LKR 107.81Mn whereas purchases were recorded as LKR 114.16Mn. Looking at the local FOREX, the rupee is currently selling at LKR 132.24/-. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) JOHN KEELLS HOLDINGS PLC 218.50 990,236,157 216,366,600,304 9.26 CEYLON TOBACCO COMPANY PLC 1,089.20 187,323,751 204,033,029,589 8.74 NESTLE LANKA PLC 2,000.30 53,725,463 107,467,043,639 4.60 COMMERCIAL BANK OF CEYLON PLC 115.00 794,739,564 91,395,049,860 3.91 SRI LANKA TELECOM PLC 44.70 1,804,860,000 80,677,242,000 3.45 DIALOG AXIATA PLC 9.10 8,143,778,405 74,108,383,486 3.17 CARSON CUMBERBATCH PLC 350.00 196,386,914 68,735,419,900 2.94 DISTILLERIES COMPANY OF SRI LANKA PLC 203.80 300,000,000 61,140,000,000 2.62 THE BUKIT DARAH PLC 545.20 102,000,000 55,610,400,000 2.38 HATTON NATIONAL BANK PLC 153.00 319,681,167 48,911,218,551 2.09 Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. CITRUS LEISURE PLC (W19) 2,626,273 3,414,620.60 CHEVRON LUBRICANTS LANKA PLC 13 250,985 69,021,772.80 DIALOG AXIATA PLC 1,516,804 13,954,216.80 COMMERCIAL BANK OF CEYLON PLC 77 188,136 21,636,260.20 TOUCHWOOD INVESTMENTS PLC 1,173,034 3,005,968.50 SAMPATH BANK PLC 57 83,007 14,223,232.50 CITRUS LEISURE PLC 603,085 9,625,257.70 DIALOG AXIATA PLC 30 1,516,804 13,954,216.80 F L C HOLDINGS PLC 601,419 1,157,241.80 CEYLON TOBACCO COMPANY PLC 7 10,581 11,526,319.00 THE FINANCE COMPANY PLC (X) 493,511 2,945,507.70 CITRUS LEISURE PLC 257 603,085 9,625,257.70 BLUE DIAMONDS JEWELLERY WORLDWIDE PLC 480,061 1,463,028.00 COLOMBO DOCKYARD PLC 33 49,573 8,920,588.00 SOFTLOGIC HOLDINGS PLC 458,954 4,751,835.00 ALLIANCE FINANCE COMPANY PLC 3 8,979 6,734,304.60 PC HOUSE PLC 416,948 167,589.70 HEMAS HOLDINGS PLC 18 156,551 6,100,800.10 AMANA TAKAFUL PLC 315,406 441,578.50 CIC HOLDINGS PLC 19 132,128 5,946,574.70
Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) SINHAPUTHRA FIN 106.00 122.90 16.90 15.94 123.00 110.00 13,100 1,573,744.30 CITRUS LEISURE [W19] 1.20 1.30 0.10 8.33 1.40 1.20 2,626,273 3,414,620.60 CITRUS LEISURE 15.30 16.00 0.70 4.58 16.30 15.30 603,085 9,625,257.70 CONVENIENCE FOOD 203.10 211.30 8.20 4.04 220.00 210.00 250 54,504.90 TAPROBANE 2.60 2.70 0.10 3.85 2.80 2.50 20,002 54,018.90 Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) TEA SMALLHOLDER 36.00 32.00 (4.00) (11.11) 32.00 32.00 12 384.00 PALM GARDEN HOTL 76.80 70.00 (6.80) (8.85) 70.00 70.00 2 140.00 STANDARD CAPITAL 61.00 55.60 (5.40) (8.85) 55.60 55.60 5 278.00 ARPICO 84.30 77.10 (7.20) (8.54) 84.00 77.10 5,636 458,700.60 BLUE DIAMONDS [X] 1.20 1.10 (0.10) (8.33) 1.20 1.10 257,336 288,070.40 Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13,270.27 13,342.47 69,928,668 2,646,292 1,005 8.80 1.40 BEVERAGE FOOD AND TOBACCO 19,538.71 19,582.75 16,940,635 174,474 132 22.20 4.90 CONSTRUCTION AND ENGINEERING 2,731.77 2,753.70 9,337,592 77,616 52 10.60 1.50 CHEMICALS AND PHARMACEUTICALS 5,719.27 5,830.21 6,957,602 284,319 47 8.70 1.10 DIVERSIFIED HOLDINGS 1,739.56 1,751.59 30,178,121 1,801,016 632 21.30 1.90 FOOTWEAR AND TEXTILE 753.06 769.45 117,686 25,829 25 0.00 0.90 HOTELS AND TRAVELS 3,153.56 3,155.69 17,663,978 3,574,851 604 46.30 2.80 HEALTH CARE 768.74 772.78 1,148,663 221,239 35 33.10 2.80 INVESTMENT TRUSTS 17,678.16 17,628.88 2,612,516 47,015 71 24.10 1.10 INFORMATION TECHNOLOGY 89.83 88.71 1,554,674 508,936 111 0.00 1.70 LAND AND PROPERTY 570.99 575.72 3,877,489 1,211,825 209 10.50 0.90 MANUFACTURING 2,885.66 2,903.89 77,207,871 1,546,836 355 13.00 1.80 MOTORS 15,385.42 15,386.49 312,742 2,911 10 7.70 1.20 OIL PALMS 83,392.91 83,587.67 2,253,918 3,849 20 76.10 3.80 POWER & ENERGY 139.18 140.12 2,544,702 207,606 119 8.50 1.50 PLANTATIONS 719.15 719.68 496,676 31,724 101 5.10 0.70 STORES SUPPLIES 18,472.56 18,490.19 36,101 300 6 17.10 1.60 SERVICES 21,139.61 21,052.25 74,356 24,226 10 7.40 1.50 TELECOMMUNICATIONS 173.09 173.20 13,983,963 1,517,469 36 16.20 1.50 TRADING 13,445.95 13,463.93 2,380,227 69,850 41 11.40 1.30
Exchange Rates Indicative Rates Currency 3rd March 28th February 3rd Mar 28th Feb Currency Buying Selling Buying Selling Ind: Value Ind: Value Dollar (USA) 129.36 132.24 129.59 132.47 Yuan (China) 21.29 21.34 Pound (UK) 215.93 222.10 215.56 221.71 Rupee (India) 2.12 2.11 Euro (EU) 177.22 183.02 176.65 182.42 Won (Korean) 0.12 0.12 Franc (Sw itzerland) 146.04 151.42 144.93 150.25 Dinar (Kuw ait) 465.29 465.17 Dollar (Canada) 116.35 120.29 115.89 119.80 Ringgit (Malay) 39.90 39.96 Dollar (Australia) 114.36 118.69 115.36 119.73 Rial (Oman) 340.04 340.25 Dollar (Singapore) 101.52 104.85 101.89 105.21 Riyal (Qatar) 35.95 35.97 Yen (Japan) 1.27 2.31 1.27 1.31 Riyal (KSA) 34.91 34.93 Dirham (UAE) 35.64 35.67 Central Bank's Policy Rates Standing Deposit Facility (SDF) Standing Lending Facility (SLF) Bank Rate Statutory Reserve Ratio (SRR) Description Rate ( Per Annum) 6.50 8.00 15.00 6.00 Treasury Bills AWPLR AWDR This week Last week This Week Last week This Month Last Month 91 Days 6.72 6.75 Weekly 9.37 9.29 Monthly 8.83 9.14 182 Days 6.89 6.90 Monthly 9.40 9.65 6 Months 9.43 9.64 364 Days 7.07 7.08 6 Months 10.54 10.95 1 Year 10.99 11.46 Colombo Consumers Price Index (CCPI) Year on Year Change Annual Average Change Description 2013 2014 2012 2013 December January February December January February 4.70 4.40 4.20 9.20 9.80 9.80 6.90 6.50 6.00 7.60 8.10 8.60 SLIBOR & LIBOR Description SLIBOR (3rd March) (%) LIBOR - GBP (28th February) (%) LIBOR - USD (28th February) (%) (CBSL.lk, Global-rates.com) Over Night 7 Days 1 M 3 M 6 M 12 M 6.99 7.61 8.05 8.50 8.94 9.45 0.46000 0.46438 0.48250 0.52188 0.61188 0.89500 0.09000 0.12000 0.15550 0.23565 0.33050 0.55330
Country Foreign Markets- Index 28-Feb-14 % Change 27-Feb-14 % Change 26-Feb-14 USA Dow Jones Indus. AVG 16,321.71 0.30% 16,272.65 0.46% 16,198.41 USA NASDAQ Composite Index 4,308.12-0.25% 4,318.93 0.63% 4,292.06 Europe Euro Stoxx 50 Pr 3,149.23 0.46% 3,134.94-0.42% 3,148.19 UK FTSE 100 6,809.70-0.01% 6,810.27 0.16% 6,799.15 Japan Nikkei 225 14,841.07-0.55% 14,923.11-0.32% 14,970.97 Hong Kong Hang Seng Index 22,836.96 0.04% 22,828.18 1.74% 22,437.44 China CSI 300 Index 2,178.97 1.15% 2,154.11-0.43% 2,163.41 Pakistan Karachi 100 Index 25,783.28 1.19% 25,478.93-0.08% 25,500.50 India BSE Sensex Index 21,120.12 0.63% N/A N/A 20,986.99 Singapore Straits Times Index 3,110.78 0.45% 3,096.74 0.27% 3,088.25 Malaysia FTSE Bursa Malaysia EMAS 12,669.51 0.17% 12,648.62 0.44% 12,593.50 Mongolia MSE Top 20 Index 16,474.09-0.01% 16,476.00-0.34% 16,531.44 Bloomberg Rubber Prices - 25 February 2014 World Commodity Prices Grade Price Range (Rs) Commodity 3-Mar-14 28-Feb-14 26-Feb-14 LC No.1X 315.00-315.00 Brent Crude Oil 108.96 108.96 101.83 LC No.1 310.00-315.00 WTI Crude Oil 102.40 102.40 109.51 LC No.2 280.00-300.00 Gold 1,331.60 1,331.60 1,343.00 LC No.3 270.00-280.00 Silver 21.31 21.31 21.96 LC No.4 255.00-265.00 Copper 3.24 3.24 3.34 SC (Br) No.1 245.00-255.00 SC (Br) No.2 235.00-240.00 SC (Br) No.4 209.00-211.00 Tourist Arrivals to Sri Lanka Flat Bark 200.00-200.00 Month 2012 2013 2014 Skim Crepe 130.00-201.00 January 85,874 110,543 146,575 RS Sheet No.1 300.50-300.50 February 83,549 113,968 RS Sheet No.2 285.00-298.00 March 91,102 113,208 RS Sheet No.3 275.50-285.00 April 69,591 80,737 RS Sheet No.4 270.00-275.00 May 57,506 74,838 June 65,245 90,279 Tea Prices July 90,338 107,016 Elevation Sale No : 8 Sale No : 7 August 79,456 123,269 Uva High 397.34 404.70 September 71,111 90,339 Western High 448.46 450.54 October 80,379 107,058 Uva Medium 419.60 421.25 November 109,202 109,420 Western Medium 409.53 412.75 December 122,252 153,918 Low Grow n 504.44 502.54 Total 1,005,605 1,274,593 146,575
Sri Lanka rupee weaker on equity outflows, importer dlr demand The Sri Lankan rupee traded weaker on Monday, slipping from the previous session's more-than-one-week high, on dollar demand from equity outflows and importers. The spot rupee was traded at 130.70/80 per dollar at 0625 GMT, weaker from Friday's close of 130.55/60 per dollar, which was its highest level in more than a week. The currency has been hovering around three-month lows through much of last week as importer dollar demand and equity outflows were offset by dollar sales by state banks. Foreign investors bought a net 709 million rupees worth of government securities in the week ended Feb. 26 after being net sellers for the past two weeks. They sold a net 5.43 billion rupees in stocks in 15 straight sessions through Friday. The rupee has gained about 3.4 percent since it hit a record low of 135.20 on Aug. 28 last year. It lost 2.5 percent in 2013. (reuters.com) US economic growth rate revised down The US economy grew at a much slower rate from October to December than originally predicted. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending. Severe winter weather in the US is expected to slow growth further in the current quarter. The Commerce Department initially predicted consumer spending had expanded by 3.3%, but spending is now estimated to have grown at a 2.6% annual rate. Consumer spending accounts for roughly 70% of US economic activity. Bad winter weather has cut into vehicle sales, among other purchases. Despite the revised GDP estimate, US growth should be regarded as strong. (bbc.com) India's economy grows slower than expected India's economic growth rate slowed down in the most recent quarter. The economy expanded at an annual rate of 4.7% in the three months to December, down from 4.8% in the previous quarter. The figure was lower than analysts had been expecting. Asia's third-largest economy has been weighed down by various factors, such as high inflation, a weak currency and a drop in foreign investment. For the same period in 2012, annual GDP growth was 4.5%. This is the fifth quarter in a row that India's annual growth rate has been below the 5% mark. Manufacturing was hardest hit - falling by 1.9% compared with the previous year. The industry is considered one of the country's biggest job creators. The curious case of China's falling yuan The Chinese currency has had its biggest one-day fall, down nearly 1%, and has fallen 1.5% for the past week and a half. It is the biggest decline since 2005 when it introduced its new currency regime and moved away from a tight peg against the US dollar. Dropping to 6.1 yuan to the dollar, the currency has broken a long-term trend of appreciation. Recall that it had been around 8 yuan to the dollar in 1994 when the exchange rate was set up. (bbc.com)
Vice President Business Development Manager - Research Thakshila Hulangamuwa Pasindu Perera thakshi@ashaphillip.net pasindu@ashaphillip.net 0094 113070494 0094 112429109 Research Team Lasantha Senanayake lasantha@ashaphillip.net 0094 112429129 Nishantha Warnakulasuriya nishantha@ashaphillip.net 0094 112429137 Head Office: Southern Region (Matara) #24-1/3A, 2 nd Floor, E.H. Cooray Tower, Anagarika Dharmapala Mw, Matara. Tel: 041 2235191-5 Branch Office: Matara #24-1/3A, 1st Floor E.H. Cooray Tower Anagarika Dharmapala Mw, Matara Tel. 041 2223940 Branch Office: Negombo #72 A 2/1, Old Chilaw Road, Negombo. Tel. 031 2227474 Branch Office: Gampaha #21,Courts Road, Gampaha. Tel. 033 2234888 Branch Office: Kiribathgoda Udeshi City Shopping Complex, 2nd Floor, #2/12, Makola Road, Kiribathgoda. Tel. 011 2908511 Branch Office: Kurunegala #6,1st Floor, Union Assurance Bldg, Rajapihilla Mawatha, Kurunegala. Tel. 037 2234777 Branch Office: Kandy Ceybank House, # 88, Dalada Vidiya, Kandy. Tel. 081 2204750 Branch Office: Batticaloa #22 B, Bar Road, Batticaloa, Tel: 065 2228029 Branch Office: Jaffna #147 2/3 K.K.S. Road, Jaffna. Tel: 021 2221614 Branch Office: Panandura # 190, New Galle Road, Walana, Panandura. Tel: 038 2234780 Branch Office: Ambalanthota # 153, Tissa Road, Ambalanthota. Tel: 047-2225170 Branch Office: Embilipitiya #62, Sampath Bank Building, Main Street, Embilipitiya. Tel. 047 2261950 Branch Office: Anuradhapura # 213/7, 2nd Floor, Maithreepala Senanayake Mw, Bank Side, New Town, Anurahapura. Tel. 025 2234705 Branch Office : Galle #16, Sri Devamittha Mw, Galle. Tel. 091 2233558 Branch Office: Hambantota # 59A Main Street, Hambantota. Tel: 047 2222242 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.