Index 13th Aug 12th Aug Change % Change ASPI 6,142.87 6,130.24 12.63 0.21% S&P SL20 3,453.23 3,451.45 1.78 0.05% Market Statistics 13th Aug 12th Aug Value of Turnover(Rs.) 403,032,819 372,810,986 Domestic Purchases 338,583,031 213,946,417 Domestic Sales 266,617,985 282,617,088 Foreign Purchases 64,449,788 158,864,569 Foreign Sales 136,414,834 90,193,898 Volume of Turnover (No.) 23,557,567 18,961,039 PER 16.26 16.22 PBV 2.18 2.18 The bourse concludes positive The Market recovered to some extent from its bearish run prevailed on last few days as the indices geared to conclude in green terrain. The benchmark ASPI gathered 12.63 points or 0.21% to conclude at 6,142.87 and the S&P SL20 too closed positive gaining 1.78 points or 0.05% to settle the day at 3,453.23. Off- market interest was witnessed on JKH, with the counter charting LKR 32.76Mn resulted by 126K shares being blocked at LKR 260/-; the on-board activity amounted to LKR 370.27Mn. Further on, the aggregated turnover for the day (LKR 403.03Mn) indicated a rise of 8.11% against the previously recorded. 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 800 700 600 500 400 300 200 100 0 Rs.Mn 6,121.45 6,151.79 6,151.92 6,130.24 6,142.87 3,477.04 3,479.87 3,470.16 3,451.45 3,453.23 06th Sch890111149 Aug 07th Aug 08th Aug 12th Aug 13th Aug ASPI S&P SL20 06th Aug 07th Aug 08th Aug 12th Aug 13th Aug Turnover Foreign Purchases Volume 45 40 35 30 25 20 15 10 5 0 Volume Mn John Keells Holdings PLC (JKH) maintained its dominance providing LKR 99.70Mn, while making account to nearly 1/4 of the total turnover. Having traded between a highest traded price of LKR 263/- and a low of LKR 260/-, the counter settled the day at LKR 261/- down by LKR 1.30/- or 0.50%. Access Engineering PLC (AEL) stood next in line contributing LKR 62.83Mn, where a total of 462 trades resulted in a massive quantity of 2.81Mn shares being dealt at prices ranging from LKR 21.80/- to LKR 22.60/-. Capturing notable retailer interest, AEL closed at LKR 22.50/- (up by LKR 1/- or 4.65%), having touched its 52 week apex of LKR 22.60/- within the trading day. Lanka IOC PLC (LIOC) added LKR 30.93Mn to the daily turnover and too witnessed significant interest within the day amidst the exceptional earnings results being released for its first quarter of FY2013; even though the topline indicated a tiny drop of 1.17%, the company has reported a strong bottom-line growth of 603.43% to record LKR 1.35Bn for the quarter ended 30 th June 2013. LIOC gained significantly within the trading day to reach an intraday peak of LKR 28.40/-, however settled slightly lower at LKR 28/- gaining LKR 1.90/- or 7.28%.
Under the sectorial review, Diversified Holdings (DIV) dominated the list, providing LKR 119.69Mn, while accounting to nearly 30% of the total turnover. Construction & Engineering (C&E) sector provided LKR 64.01Mn. As at the day s close, the total market capitalization stood at LKR 2.36Tn, charting a year to date gain of 9.06%. The market PER & PBV stood at 16.26 and 2.18 respectively. During the day, a total of 23.56Mn shares changed hands, indicating an increase of 24.24% against the previous trading day. PC House PLC (PCH) turned out as the top traded counter for the day with a total 3.67Mn being traded changing hands. Furthermore, the limelight fell on Textured Jersey Lanka PLC capturing the highest retailer interest once again, charting 589 trades whilst being amidst the top sought after counters for the day with a volume of 1.43Mn shares being traded. The counter gained significantly during the early hours whilst reaching its IPO price of LKR 15/- for the first time since 12 th September 2011, however, towards the latter half TJL dropped to LKR 14.30/- mainly due to the emerged selling pressure; As at the daily closure the TJL settled at LKR 14.40/- (down by LKR 0.20/- or 1.37%). Price losers outstripped the price gainers by 94:83; where, Swarnamahal Financial Services PLC (13.33%) took the lead under the list of gainers and PC House PLC (-20%) led the price losers. Foreign participants appeared to bearish during the day having recorded inflows for the past four trading days. To result in a net foreign outflow of LKR 71.97Mn, resulted by foreign selling of LKR 136.41Mn and buying of LKR 64.45Mn; the year to date net foreign inflow currently stands at LKR 16.34Bn. The local FOREX market for the day closed with, the USD selling at LKR 133.19/- and buying LKR 129.99/-. Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) CEYLON TOBACCO COMPANY PLC 1,200.10 187,323,751 224,807,233,575 9.41 JOHN KEELLS HOLDINGS PLC 260.00 857,776,904 223,021,995,040 9.34 NESTLE LANKA PLC 2,255.50 53,725,463 121,177,781,796 5.07 COMMERCIAL BANK OF CEYLON PLC 119.10 794,112,495 94,578,798,154 3.96 CARSON CUMBERBATCH PLC 391.00 196,386,914 76,787,283,374 3.21 SRI LANKA TELECOM PLC 41.10 1,804,860,000 74,179,746,000 3.11 THE BUKIT DARAH PLC 690.30 102,000,000 70,410,600,000 2.95 DIALOG AXIATA PLC 8.60 8,143,778,405 70,036,494,283 2.93 DISTILLERIES COMPANY OF SRI LANKA PLC 195.00 300,000,000 58,500,000,000 2.45 AITKEN SPENCE PLC 121.80 405,996,045 49,450,318,281 2.07 Highest Volume Highest Turnover Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. PC HOUSE PLC 3,667,190 3,287,969.00 JOHN KEELLS HOLDINGS PLC 72 383,354 99,697,052.00 ACCESS ENGINEERING PLC 2,811,593 62,829,617.90 ACCESS ENGINEERING PLC 462 2,811,593 62,829,617.90 PANASIAN POWER PLC 2,623,519 6,143,185.80 LANKA IOC PLC 344 1,105,590 30,927,993.40 VALLIBEL POWER ERATHNA PLC 2,191,512 14,487,864.80 TEXTURED JERSEY LANKA PLC 591 1,432,364 21,141,314.90 TEXTURED JERSEY LANKA PLC 1,432,364 21,141,314.90 VALLIBEL POWER ERATHNA PLC 112 2,191,512 14,487,864.80 SWARNAMAHAL FINANCIAL PLC 1,192,503 2,012,520.60 CEYLON TOBACCO COMPANY PLC 28 11,312 13,581,213.90 LANKA IOC PLC 1,105,590 30,927,993.40 HEMAS HOLDINGS PLC 63 391,800 13,158,655.00 PCH HOLDINGS PLC 1,031,622 928,760.00 SAMPATH BANK PLC 42 52,572 10,242,528.00 PEOPLE'S LEASING & FINANCE PLC 571,803 8,288,373.50 PEOPLE'S LEASING & FINANCE PLC 58 571,803 8,288,373.50 HEMAS HOLDINGS PLC 391,800 13,158,655.00 COMMERCIAL BANK OF CEYLON PLC 31 56,686 6,738,395.70
Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) SWARNAMAHAL FIN 1.50 1.70 0.20 13.33 1.80 1.60 1,192,503 2,012,520.60 SINGALANKA 57.00 61.70 4.70 8.25 61.70 61.70 1 61.70 LANKA CERAMIC 110.90 120.00 9.10 8.21 120.00 120.00 1 120.00 LANKA IOC 26.10 27.90 1.80 6.90 28.40 27.00 1,105,590 30,927,993.40 LANKAORIXFINANCE 2.90 3.10 0.20 6.90 3.10 2.90 109,036 327,108.00 Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) PC HOUSE 1.00 0.80 (0.20) (20.00) 0.90 0.80 3,667,190 3,287,969.00 ENVI. RESOURCES [W3] 0.70 0.60 (0.10) (14.29) 0.70 0.60 313,338 218,426.60 KALAMAZOO 1,204.10 1,036.90 (167.20) (13.89) 1,040.00 1,035.10 16 16,591.00 ENVI. RESOURCES [W6] 1.70 1.50 (0.20) (11.76) 1.60 1.50 127,957 193,035.60 RENUKA SHAW [X] 16.10 14.30 (1.80) (11.18) 14.50 14.10 20,250 290,565.00 Market Highlights - Sector Wise Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13,112.14 13,073.40 63,243,441 3,403,947 1,059 9.80 1.70 BEVERAGE FOOD AND TOBACCO 21,042.21 21,003.82 28,118,362 291,967 312 23.60 6.80 CONSTRUCTION AND ENGINEERING 2,940.52 2,884.09 64,013,210 2,846,456 508 14.40 1.70 CHEMICALS AND PHARMACEUTICALS 6,898.40 6,940.75 1,502,517 122,389 60 8.00 1.40 DIVERSIFIED HOLDINGS 1,922.72 1,926.24 119,686,580 2,361,544 401 23.80 2.30 FOOTWEAR AND TEXTILE 805.07 820.80 72,203 12,979 26 0.00 1.00 HOTELS AND TRAVELS 3,220.31 3,199.13 5,446,665 391,206 327 31.30 1.80 HEALTH CARE 664.83 666.47 555,239 17,876 29 25.90 2.50 INVESTMENT TRUSTS 18,218.11 18,255.40 2,278,651 525,599 137 29.60 1.30 INFORMATION TECHNOLOGY 45.96 48.53 3,535,709 3,708,480 159 7.70 0.70 LAND AND PROPERTY 575.40 575.87 10,670,125 645,084 238 9.80 0.90 MANUFACTURING 3,025.61 3,034.79 35,065,748 2,408,305 1,008 12.90 1.90 MOTORS 15,527.21 15,531.93 266,375 1,014 14 3.90 1.30 OIL PALMS 96,685.71 96,685.71 0 0 0 83.50 6.90 POWER & ENERGY 120.22 116.00 63,212,242 6,489,384 765 15.90 1.50 PLANTATIONS 720.27 722.75 3,779,463 187,969 140 9.40 0.80 STORES SUPPLIES 23,057.48 23,207.80 361,559 734 7 32.40 2.10 SERVICES 23,630.46 23,758.69 143,027 26,731 29 9.30 1.80 TELECOMMUNICATIONS 161.88 160.87 598,908 43,041 36 15.10 1.50 TRADING 15,246.49 15,256.60 482,796 72,862 51 12.10 1.50
Exchange Rates Indicative Rates Currency 13th August 12th August 13th August 12th August Currency Buying Selling Buying Selling Ind: Value Ind: Value Dollar (USA) 129.99 133.19 130.00 133.20 Yuan (China) 21.50 21.50 Pound (UK) 200.42 206.29 200.92 206.82 Rupee (India) 2.15 2.17 Euro (EU) 172.03 177.79 172.32 178.09 Won (Korean) 0.12 0.12 Franc (Sw itzerland) 139.25 144.68 139.70 145.14 Dinar (Kuw ait) 462.35 462.29 Dollar (Canada) 125.33 129.89 125.31 130.19 Ringgit (Malay) 40.42 40.65 Dollar (Australia) 117.76 122.37 118.81 123.45 Rial (Oman) 22.41 341.80 Dollar (Singapore) 102.37 105.95 102.56 106.17 Riyal (Qatar) 36.14 36.14 Yen (Japan) 1.33 1.38 1.34 1.39 Riyal (KSA) 35.09 35.09 Dirham (UAE) 35.83 35.83 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) 7.00 9.00 15.00 6.00 AWDR This week Last week This Week Last week This Month Last Month 91 Days - - Weekly 11.88 11.75 Monthly 10.43 10.56 182 Days - - Monthly 11.84 12.47 6 Months 10.61 10.61 364 Days 10.57 10.52 6 Months 13.21 13.59 1 Year 13.36 13.61 Colombo Consumers Price Index (CCPI) Year on Year Change Annual Average Change Description 2013 2012 May June July May June July 7.30 6.80 6.10 7.00 9.30 9.80 8.80 8.60 8.30 5.60 5.80 6.00 SLIBOR & LIBOR Description SLIBOR (13th August) (%) LIBOR - GBP (12th August) (%) LIBOR - USD (12th August) (%) (CBSL.lk, Global-rates.com, CBSL ) Over Night 7 Days 1 M 3 M 6 M 12 M 8.74 9.26 10.15 11.40 12.20 12.88 0.47813 0.48438 0.49188 0.51250 0.59175 0.87000 0.11980 0.14983 0.18456 0.26470 0.39550 0.66510
Country Foreign Markets- Index 12-Aug-13 % Change 9-Aug-13 % Change 8-Aug-13 USA Dow Jones Indus. AVG 15,419.68-0.04% 15,425.51-0.47% 15,498.32 USA NASDAQ Composite Index 3,669.95 0.27% 3,660.11-0.25% 3,669.12 Europe Euro Stoxx 50 Pr 2,827.15 0.05% 2,825.62 0.31% 2,816.88 UK FTSE 100 6,574.34-0.14% 6,583.39 0.82% 6,529.68 Japan Nikkei 225 13,519.43-0.70% 13,615.19 0.07% 13,605.56 Hong Kong Hang Seng Index 22,271.28 2.13% 21,807.56 0.70% 21,655.88 China CSI 300 Index 2,352.70 2.92% 2,286.01 0.41% 2,276.78 Pakistan Karachi 100 Index 23,437.99 N/A N/A N/A N/A India BSE Sensex 30 Index 18,946.98 0.84% N/A N/A 18,789.34 Singapore Straits Times Index 3,232.24 N/A N/A N/A N/A Malaysia FTSE Bursa Malaysia EMAS 12,447.57 N/A N/A N/A N/A Bangladesh DSE General Index DGEN N/A N/A N/A N/A N/A Mongolia MSE Top 20 Index 13,896.79-0.98% 14,034.91-0.95% 14,169.89 Bloomberg Rubber Prices - 13 August 2013 World Commodity Prices Grade Price Range (Rs) Commodity 13-Aug-13 12-Aug-13 8-Aug-13 LC No.1X 410.00-410.00 Brent Crude Oil 108.97 108.22 107.44 LC No.1 400.00-410.00 WTI Crude Oil 106.11 105.97 104.37 LC No.2 380.00-395.00 Gold 1,334.70 1,312.90 1,286.10 LC No.3 355.00-370.00 Silver 21.33 20.40 19.50 LC No.4 320.00-328.00 Copper 3.31 3.31 3.18 SC (Br) No.1 310.00-320.00 SC (Br) No.3 258.00-278.00 Tea Prices Tourist Arrivals to Sri Lanka Month 2011 2012 2013 January 74,197 85,874 97,411 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 July 83,786 90,338 Elevation Sale No : 30 Sale No : 29 August 72,463 79,456 Uva High 364.42 359.49 September 60,219 71,111 Western High 392.54 398.73 October 69,563 80,379 Uva Medium 381.86 383.49 November 90,889 109,202 Western Medium 356.37 352.30 December 97,517 122,252 Low Grow n 454.11 448.87 Total 855,975 1,005,605 512,281
Sri Lanka state airline on track for direct China flights State-run Sri Lankan Airlines is on track to fly direct to China next year as traffic to Colombo picks up. Sri Lankan is now flying to China via Bangkok, with tourists to Maldives being a key contributor to filling seats. But direct traffic to Sri Lanka has been picking up. Chinese tourist arrivals to Sri Lanka has risen 72.3 percent to 16,582 in the six months to June from a year earlier, overtaking Japan as the biggest East Asian generating market over the past few months. But up to now smaller niche China based outbound travel agents were serving Sri Lanka. A number of the largest travel agents who take Chinese tourists had recently been to Sri Lanka on a reconnaissance visit and one agent had requested 40 seats from every flight. China and East Asia is a key growth market for Sri Lankan airlines as it focuses more on regional traffic. The airlines now operate to Beijing, Shanghai, Guangzhou and Hong Kong. China has become a top outbound tourist generating market for Asian nations. Sri Lanka has also stepped up promotions in China amid stronger state level interactions with the country. Maldives drew 142,000 Chinese visitors in the six months to June 2013, up 56.4 percent from a year earlier. China is the country's top generating market now, bringing 25 percent of the total arrivals up to June. (lankabusinessonline.com) Greece's slump eases as GDP picks up The severity of Greece's recession eased slightly in the second quarter. Greece's economy shrank at an annual rate of 4.6% in the three months to the end of June, a slight improvement on the 5.6% fall between January and March. The figure came as the government said its budget had swung into a surplus between January and July. The budget was boosted by EU subsidies. The data came at the same time as Greece reported a budget surplus of 2.6bn euros ( 2.2bn), trumping its target of a 3.1bn-euro deficit. The sharp pick-up is largely due to the country receiving more European subsidies than expected and spending less of the money than initially planned on investment projects. The figure was also boosted by one-off payments from central banks returning profits they made on Greece's government bonds, a deal agreed as part of its international bailout. Despite the slight improvement in Greece's finances, it remains in the recession it entered at the height of the financial crisis. It has been the worst affected of the Eurozone economies by the financial crisis, and was the first to receive an international bailout in May 2010. It has seen a 25% drop in output since 2007 and has an unemployment rate of 26.9%. The country was given another 6.8bn euro last month from the European Union, the International Monetary Fund (IMF) and the European Central Bank. The money has strict conditions attached which require that government debt levels are reduced. That has meant deep job cuts, tax increases and reductions in wages and pensions. (bbc.co.uk) Japanese growth slower than expected in second quarter Japan's economy expanded at a slower pace than most analysts expected in the second quarter. Gross domestic product grew 0.6% in the April to June period, indicating an annualized increase of 2.6%, according to the latest government figures. That is down from the 4.1% annual rate in the first three months of the year. Analysts were expecting growth of 3.6%. Japan is expected to raise its 5% sales tax to 8% next April and then to 10% in October 2015, as it looks to curb is huge public debt. (bbc.co.uk)
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 Anurudhdha Basnayake anurudhdha@ashaphillip.net 0094 112429137 Nishantha Warnakulasuriya nishantha@ashaphillip.net 0094 112429137 Head Office: Southern Region (Matara) # 24-1/3, A, 2nd Floor, E.H. Cooray Tower, Anagarika Dharmapala Mw, Matara. Tel: 041 2235191-6 Branch Office: Matara # 38, Station Road, Matara. Tel. 041 2223940 Branch Office: Negombo # 142, Greens Road, Negombo. Tel. 031 2227474 Branch Office: Gampaha # 21, Courts Road, Gampaha. Tel. 033 2234888 Branch Office: Kiribathgoda Udeshi City Shopping Complex, 2nd Floor, 2-14, No. 94, Makola Road, Kiribathgoda. Tel. 011 2908511 Branch Office: Kurunegala No. 6, 1st Floor, Union Assurance Bldg, Rajapihilla Mawatha, Kurunegala. Tel. 037 2234777 Branch Office: Kandy Ceybank House, # 88, Dalada Vidiya, Kandy. Tel. 081 4474118 Branch Office: Galle # 16, Sri Dewamittha Mw, Galle. Tel. 091 2233558 Branch Office: Anuradhapura # 9, Maithripala Senanayaka Mw, Bank Site, New Town, Anuradhapura. Tel. 025 2234705 Branch Office: Batticaloa #22B Bar Road, Batticaloa, Tel: 065 2228029 Branch Office: Jaffna 1st Floor, # 398/1, Hospital Road, Jaffna. Tel: 021 2221614 Branch Office: Vavuniya 1st Floor, # 60, 1st Cross Street, Vavuniya. Tel: 024 2226031 Branch Office: Badulla # 33/3, 2nd Floor, Modern Complex, Badulla. Tel: 055 2222009 Branch Office: Wellawatte # 3-1/2, Collingwood Place, Colombo 06. Tel: 0112 362939 Branch Office: Panandura # 465, Galle Road, Panandura. Tel: 038 2234780 Branch Office: Ambalanthota # 153, Tissa Road, Ambalanthota. Tel: 047-2225170 Branch Office: Wattala # 118, Negombo Road, Wattala. Tel: 011-2930099 Branch Office: Embilipitiya # 61, Sampath Bank Bldg. Main Street, Embilipitiya. Tel. 047 2261950 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.