- Index 11th Mar 10th Mar Change % Change ASPI 5,944.57 5,957.61 (13.04) -0.22% S&P SL20 3,240.12 3,252.29 (12.17) -0.37% Market Statistics 11th Mar 10th Mar Value of Turnover(Rs.) 804,558,899 304,305,916 Domestic Purchases 602,916,549 155,264,242 Domestic Sales 672,206,773 187,820,218 Foreign Purchases 201,642,350 149,041,674 Foreign Sales 132,352,126 116,485,697 Volume of Turnover (No.) 18,037,515 19,806,037 PER 15.73 15.76 PBV 1.96 1.96 The bourse edges lower once again The market ended the day on a negative note extending the previous day s loses, while resulting in both indices to close within the red terrain. The benchmark ASPI closed at 5,944.57 losing 13.04 points or 0.22%, falling to a lowest level in a week. The S&P SL20 ended the day at 3,240.12, dropping by 12.17 points or 0.37%. As at the daily closure the total market capitalization dropped to LKR 2.48Tn, reducing the year to date gain (0.93%) below 1.0%. The market PER & PBV were 15.73x & 1.96x respectively. 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 5,936.43 5,961.93 5,966.06 5,957.61 5,944.57 3,216.97 3,234.05 3,244.99 3,252.29 3,240.12 Sch890111149 5th Mar 6th Mar 7th Mar 10th Mar 11th Mar ASPI S&P SL20 5th Mar 6th Mar 7th Mar 10th Mar 11th Mar Turnover Foreign Purchases Volume 35 30 25 20 15 10 5 0 Volume Mn Off board interest on UML, COMB and OGL collectively added LKR 567.18Mn, representing nearly 71.0% of the aggregated turnover for the day which totaled up to record LKR 804.56Mn. The turnover saw a momentous increase of 164.39% from the previous trading day. United Motors Lanka PLC (UML) spearheaded the daily turnover list by making a contribution of LKR 468.95Mn while accounting to 58.29% of it. The counter witnessed a substantial quantity of 3.40Mn shares being dealt at price LKR 138.00/-, by way of an off-market transactions which also allowed UML to dominate the highly traded counters for the day as well. As at the daily closure UML closed at LKR 124.00/- charting a drop of LKR 1.90/- or 1.51%. Commercial Bank of Ceylon PLC & John Keells Holdings PLC managed to secure a place amidst the top 3 subscribers to the turnover by providing LKR 110.86Mn and LKR 60.70Mn respectively. COMB closed the day at LKR 114.80/- dropping by LKR 0.70/- or 0.61% and JKH settled the day at LKR 225.00/-, its lowest price reached within the day s trading, indicating a drop of LKR 2.00/- or 0.88%.
Furthermore, the crossing recorded on Commercial Bank amounted to LKR 77.17Mn (671K shares dealt at LKR 115.00/-) and Orient Garments was LKR 21.09Mn (2.48Mn shares blocked at LKR 8.50/-). Under the sectorial contributions, Motors (MTR) sector provided LKR 469.06Mn (58.30% of the aggregated turnover) dominating the list and Bank Finance & Insurance (BFI) sector added LKR 168.07Mn to the day s total turnover. The daily traded volume amounted to 18.04Mn shares, indicating a drop of 8.93% against the previous trading day. Orient Garments PLC & Citrus Leisure PLC W19 stood next in line to UML under the list of the highly traded counters for the day with a total of 3.16Mn & 1.24Mn shares respectively changing hands. Price losers slashed the price gainers by 123:42, where Serendib Hotels PLC (+11.64%) headed the gainers, on the contrary Ceylon Leather Products PLC W13 (-33.33%) led the price losers. So far, foreign participants have proven to be bullish for the 5 th consecutive trading day resulting in a net inflow of LKR 69.29Mn, reducing the year to date net foreign outflow to LKR 3.90Bn. Foreign buying for the day amounted to LKR 201.64Mn and selling amounted to LKR 132.35Mn. With regard to the local FOREX market, the rupee continued to appreciate further against the USD; The Dollar (USD) is currently selling at LKR 132.00/- and is bought at LKR 129.12/-. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) JOHN KEELLS HOLDINGS PLC 225.00 990,236,157 222,803,135,325 9.49 CEYLON TOBACCO COMPANY PLC 1,141.00 187,323,751 213,736,399,891 9.10 NESTLE LANKA PLC 2,040.00 53,725,463 109,599,944,520 4.67 COMMERCIAL BANK OF CEYLON PLC 115.00 794,749,289 91,396,168,235 3.89 SRI LANKA TELECOM PLC 44.70 1,804,860,000 80,677,242,000 3.44 DIALOG AXIATA PLC 9.00 8,143,778,405 73,294,005,645 3.12 CARSON CUMBERBATCH PLC 350.00 196,386,914 68,735,419,900 2.93 DISTILLERIES COMPANY OF SRI LANKA PLC 203.30 300,000,000 60,990,000,000 2.60 THE BUKIT DARAH PLC 538.00 102,000,000 54,876,000,000 2.34 HATTON NATIONAL BANK PLC 154.00 319,681,167 49,230,899,718 2.10 Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. UNITED MOTORS LANKA PLC 3,398,194 468,948,256.00 UNITED MOTORS LANKA PLC 3 3,398,194 468,948,256.00 ORIENT GARMENTS PLC 3,163,175 26,887,057.50 COMMERCIAL BANK OF CEYLON PLC 44 963,388 110,864,742.80 CITRUS LEISURE PLC (W19) 1,243,513 1,492,215.50 JOHN KEELLS HOLDINGS PLC 190 268,784 60,700,530.80 COMMERCIAL BANK OF CEYLON PLC 963,388 110,864,742.80 NATIONAL DEVELOPMENT BANK PLC 15 154,497 27,809,492.90 DIALOG AXIATA PLC 928,936 8,363,393.50 ORIENT GARMENTS PLC 34 3,163,175 26,887,057.50 PIRAMAL GLASS CEYLON PLC 818,638 2,952,904.70 ROYAL CERAMICS LANKA PLC 23 159,042 12,720,320.10 BLUE DIAMONDS JEWELLERY WORLDWIDE PLC 618,877 2,102,171.80 DIALOG AXIATA PLC 39 928,936 8,363,393.50 TOUCHWOOD INVESTMENTS PLC 539,754 1,389,841.90 CITRUS LEISURE PLC 39 262,231 4,327,389.80 SMB LEASING PLC (X) 480,616 192,307.90 SRI LANKA TELECOM PLC 29 85,632 3,768,455.30 BLUE DIAMONDS JEWELLERY WORLDWIDE PLC (X) 311,442 372,875.40 JOHN KEELLS HOLDINGS PLC (W23) 38 47,186 3,111,262.40
Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) SERENDIB HOTELS 27.50 30.70 3.20 11.64 31.00 27.00 8,718 244,250.00 UDAPUSSELLAWA 22.00 23.40 1.40 6.36 23.50 23.40 54 1,263.80 BERUWALA RESORTS 1.60 1.70 0.10 6.25 1.80 1.70 80,042 136,091.60 PEGASUS HOTELS 35.00 36.90 1.90 5.43 36.90 36.90 15 553.50 INDUSTRIAL ASPH. 200.00 210.00 10.00 5.00 210.00 210.00 2 420.00 Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) CEYLON LEATHER [W13] 0.60 0.40 (0.20) (33.33) 0.60 0.30 120,185 53,824.30 G S FINANCE 146.00 117.70 (28.30) (19.38) 145.20 111.00 1,896 230,005.40 PDL 68.50 60.20 (8.30) (12.12) 64.00 60.20 805 48,464.80 KAHAWATTE 37.50 33.00 (4.50) (12.00) 33.10 33.00 65 2,145.50 CIFL 0.90 0.80 (0.10) (11.11) 0.90 0.80 5,400 4,620.00 Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13,140.08 13,201.52 168,066,612 3,104,414 977 8.70 1.40 BEVERAGE FOOD AND TOBACCO 20,007.90 19,854.05 4,909,128 184,794 146 22.70 5.00 CONSTRUCTION AND ENGINEERING 2,699.92 2,709.01 2,022,527 106,737 48 10.50 1.50 CHEMICALS AND PHARMACEUTICALS 5,773.93 5,807.90 2,474,532 62,805 46 8.80 1.20 DIVERSIFIED HOLDINGS 1,765.70 1,775.68 69,208,705 912,516 412 21.40 1.90 FOOTWEAR AND TEXTILE 740.29 744.56 799,900 184,311 38 0.00 0.90 HOTELS AND TRAVELS 3,154.69 3,159.28 8,539,776 1,754,923 322 46.30 2.80 HEALTH CARE 781.55 776.39 4,157,331 391,714 117 26.00 2.70 INVESTMENT TRUSTS 17,363.59 17,479.97 621,419 57,815 49 23.90 1.10 INFORMATION TECHNOLOGY 87.04 87.04 368,292 81,006 36 0.00 1.70 LAND AND PROPERTY 561.73 575.11 4,377,881 685,139 209 10.50 0.90 MANUFACTURING 2,868.77 2,884.82 52,216,278 5,466,440 608 13.00 1.80 MOTORS 15,112.88 15,253.26 469,058,499 3,398,882 11 7.50 1.10 OIL PALMS 84,640.89 85,625.79 66,956 111 7 77.30 3.90 POWER & ENERGY 138.68 139.39 2,974,373 250,579 87 8.50 1.50 PLANTATIONS 703.27 714.75 1,423,854 90,101 118 5.10 0.70 STORES SUPPLIES 19,447.40 19,803.57 58,591 219 2 18.10 1.70 SERVICES 21,273.44 21,498.18 564,648 175,561 18 7.50 1.50 TELECOMMUNICATIONS 172.18 171.88 12,131,849 1,014,568 68 16.10 1.50 TRADING 13,401.21 13,543.52 450,718 113,880 17 13.20 1.30
Exchange Rates Indicative Rates Currency 11th March 10th March 11th Mar 10th Mar Currency Buying Selling Buying Selling Ind: Value Ind: Value Dollar (USA) 129.12 132.00 129.15 132.02 Yuan (China) 21.28 21.25 Pound (UK) 214.17 220.30 215.40 221.55 Rupee (India) 2.14 2.14 Euro (EU) 178.07 183.90 178.28 184.12 Won (Korean) 0.12 0.12 Franc (Sw itzerland) 145.93 151.31 146.15 151.53 Dinar (Kuw ait) 464.06 464.29 Dollar (Canada) 115.51 119.42 115.57 119.48 Ringgit (Malay) 39.83 39.81 Dollar (Australia) 115.72 120.11 115.88 120.25 Rial (Oman) 339.10 339.08 Dollar (Singapore) 101.41 104.74 101.25 104.57 Riyal (Qatar) 35.85 35.85 Yen (Japan) 1.24 1.28 1.25 1.29 Riyal (KSA) 34.81 34.81 Dirham (UAE) 35.54 35.54 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 6.71 6.72 Weekly 8.74 9.37 Monthly 8.83 9.14 182 Days 6.88 6.89 Monthly 9.40 9.65 6 Months 9.43 9.64 364 Days 7.07 7.07 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 (11th March) (%) LIBOR - GBP (10th March) (%) LIBOR - USD (10th March) (%) (CBSL.lk, Global-rates.com) Over Night 7 Days 1 M 3 M 6 M 12 M 7.00 7.60 8.02 8.50 8.89 9.41 0.47250 0.46625 0.48313 0.52094 0.61375 0.89950 0.09010 0.12040 0.15500 0.23435 0.33200 0.55520
Country Foreign Markets- Index 10-Mar-14 % Change 7-Mar-14 % Change 6-Mar-14 USA Dow Jones Indus. AVG 16,418.68-0.21% 16,452.72 0.19% 16,421.89 USA NASDAQ Composite Index 4,334.45-0.04% 4,336.22-0.37% 4,352.13 Europe Euro Stoxx 50 Pr 3,092.79-0.08% 3,095.31-1.57% 3,144.53 UK FTSE 100 6,689.45-0.35% 6,712.67-1.12% 6,788.49 Japan Nikkei 225 15,120.14-1.01% 15,274.07 0.92% 15,134.75 Hong Kong Hang Seng Index 22,264.93-1.75% 22,660.49-0.19% 22,702.97 China CSI 300 Index 2,097.79-3.25% 2,168.36-0.24% 2,173.63 Pakistan Karachi 100 Index 27,176.26 1.06% 26,892.23 0.19% 26,842.53 India BSE Sensex Index 21,934.83 0.07% 21,919.79 1.89% 21,513.87 Singapore Straits Times Index 3,126.63-0.31% 3,136.26 0.23% 3,129.17 Malaysia FTSE Bursa Malaysia EMAS 12,636.25-0.57% 12,708.98-0.12% 12,724.51 Mongolia MSE Top 20 Index 16,608.03 0.19% 16,577.12-0.32% 16,630.61 Bloomberg Rubber Prices - 06 March 2014 World Commodity Prices Grade Price Range (Rs) Commodity 11-Mar-14 10-Mar-14 7-Mar-14 LC No.1X 305.00-305.00 Brent Crude Oil 108.08 109.00 108.10 LC No.1 295.00-305.00 WTI Crude Oil 101.12 102.58 101.56 LC No.2 265.00-280.00 Gold 1,341.40 1,338.10 1,351.70 LC No.3 250.00-260.00 Silver 20.88 20.90 21.54 LC No.4 240.00-245.00 Copper 3.11 3.16 3.28 SC (Br) No.1 235.00-240.00 SC (Br) No.2 220.00-220.00 SC (Br) No.3 210.00-215.00 SC (Br) No.4 208.00-208.00 Flat Bark 195.00-195.00 Month 2012 2013 2014 Skim Crepe 154.25-207.00 January 85,874 110,543 146,575 RS Sheet No.1 295.00-295.00 February 83,549 113,968 RS Sheet No.2 290.00-292.50 March 91,102 113,208 RS Sheet No.3 278.00-280.00 April 69,591 80,737 RS Sheet No.4 275.00-276.50 May 57,506 74,838 June 65,245 90,279 Tea Prices Tourist Arrivals to Sri Lanka July 90,338 107,016 Elevation Sale No : 9 Sale No : 8 August 79,456 123,269 Uva High 411.76 397.34 September 71,111 90,339 Western High 447.25 448.46 October 80,379 107,058 Uva Medium 425.54 419.60 November 109,202 109,420 Western Medium 416.66 409.53 December 122,252 153,918 Low Grow n 484.80 504.44 Total 1,005,605 1,274,593 146,575
Sri Lanka rupee hits over 4-month high on remittances The Sri Lankan rupee edged up to a more than four-month high on Tuesday due to higher dollar inflows from inward remittances and as bank sales outpaced importer dollar demand amid no intervention from the central bank. The spot rupee was at 130.50/55 per dollar at 0646 GMT, its highest intraday level since Nov. 7 and stronger than its last close of 130.55/57. The currency has gained 0.4 percent in the last nine sessions through Tuesday. The rupee has been on a rising trend since Feb. 27 amid weak demand for dollars from importers. The market, however, expects downward pressure due to high imports for the traditional New Year in mid-april and outflows from equities, though the depreciation is expected to be mild as the central bank has strong reserves to defend the rupee. Foreign investors sold a net 5.36 billion rupees worth of stocks in 21 straight sessions through Monday, and sold a net 4.57 billion rupees worth of government securities for the week ended March 5. The rupee has gained about 3.6 percent since it hit a record low of 135.20 on Aug. 28 last year. It lost 2.5 percent in 2013. (reuters.com) Japan says weak demand will dent exports The Bank of Japan (BoJ) says the country's exports have levelled off recently, a reversal of the recovery the central bank saw in February. The BoJ cited disappointing external demand for the change of assessment. However, the central bank is confident of economic expansion at home to help maintain its growth momentum. Companies are pouring more money into their businesses, and factory activities are rising at a slightly faster pace. Recent data showed industrial production had risen by 4% in January, which indicated an increase in factory activities for the second month in a row. (bbc.com) Stocks: Is the market calm here to stay? 'Keep calm and carry on' seems to have become the market mantra over the last few days as investors stay cool despite continued geopolitical risks. Market volatility, as measured by the Vix (VIX) index, has declined by just over 11% in the past five trading days. U.S. stock futures were relatively steady ahead of the opening bell Tuesday morning. The tense situation in Ukraine caused some sharp moves in markets early last week. U.S. stocks closed slightly lower Monday, with the Dow and S&P 500 hovering near all-time highs. The Nasdaq is about 15.5% below its dot-com boom record, thanks to a nearly 40% jump last year and a strong start in 2014. But Tuesday sees little scheduled economic and corporate news that could drive markets. (money.cnn)
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.