Wednesday, April 30, 2014

Today 6,223.67 3,418.19 Point Change + 37.42 + 12.87 % Change 0.60 % p 0.38 % p

ASPI S&P SL 20 Index YTD Performance ASPI S&P SL 20 Index

No.06, 37th Lane, Queens Road, Colombo - 03, Sri Lanka Tel: +94 11 727 7000, Fax: +94 11 727 7099 Email: research@equity.softlogic.lk

5.3% 4.7% 1,234.5 824.3 52.5 39.8 2,606.3 -55.0 323.1 378.1 -7.2

Today's Turnover (LKR mn) Annual Average Daily Turnover (LKR mn) Volume (mn) Annual Average Daily Volume (mn) Market Capitalization (LKR bn) Net Foreign Inflow / (Outflow) [LKR mn] - Foreign Buying (LKR mn) - Foreign Selling (LKR mn) YTD Net Foreign Inflow / (Outflow) [LKR bn]

ASPI crossed 6,200 backed by robust turnover

CSE Diary for 30.04.2014

ASPI crossed 6,200; turnover : Indices depicted a gradual uptrend as the ASPI touched 6,229.66 points at its intra-day high before closing at 6,223.67 (+37 points) amidst turnover level crossing LKR1.2 bn. S&P SL20 players; Ceylon Tobacco Company (+3.2%) and Lion Brewery (+7.1%) along with Ceylinco Insurance (+7.0%) and NDB Capital Holdings (+7.5%) weighed positively on indices. Consequently the S&P SL20 index settled with a gain of 12 points. Crossings in JKH and CFVF; John Keells Holdings spearheaded the turnover backed by two off-board blocks accumulating to c. 481k shares at LKR238.0. The counter saw a block of c.133k shares being transacted at a similar price on-board before closing flat for the day. Renewed interest was seen in First Capital Holdings as it saw 3 mn shares being crossed off at LKR22.0. Diversified players underscored top turnover: John Keells Holdings and Aitken Spence encountered

notable on-board interest. The latter gathered buying interest as a few mid-sized blocks changed hands between price levels of LKR98.0-99.0. Several counters traded at 52-week high levels including Union Bank and Expolanka Holdings which extended gains denoting 2.8% at LKR22.0 and 4% at LKR10.0 respectively. S&P players; Ceylon Tobacco Company and Chevron Lubricants also saw some interest. Manufacturing sector counters; Textured Jersey Lanka (+1.7%), Tokyo Cement (+0.5%) and Kelani Tyres (+1.5%) were seen renewing their 52-week high price levels. Retail interest on LITE & UBC: Strong retail interest continued in Union Bank while Laxapana Batteries, George Stewart Finance and The Finance Company [Non-Voting] also encountered some interest.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) as at 29.04.2014 Inflation (%) Mar-14 YoY Change Annual Avg Week ending 02.05.2014 6.58 7.02 8.69 -12.07 4.2 5.7 6.78

6300 6200

Index

6100 6000
5900 5800

ASPI Turnover LKR ('mn)

3450 6,000 5,000

3400

Index

3350

4,000
3,000 2,000 1,000

3300
3250

3200

70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0

Volume ('mn)

S&P SL20

Turnover

Volume

Today All Share Price Index S&P SL20 Index Turnover (LKR mn) Turnover (USD mn) Volume (mn shares) Traded Entities Market Capitalization (LKR bn) Foreign Purchases (LKR mn) Foreign Sales (LKR mn) Net Foreign Inflow (LKR mn) Market PER (X) Market PBV (X) Market Dividend Yield SECTOR INDICES Banks, Finance & Insurance Beverage, Food & Tobacco Construction & Engineering Diversified Healthcare Hotels & Travels Land & Property Manufacturing Plantation Telecom 6,223.7 3,418.2 1,234.5 9.5 52.5 254 2,606.3 323.1 378.1 -55.0 16.6 2.0 2.8 Today 13,896.0 19,953.5 2,894.2 1,868.6 831.2 3,243.3 618.7 3,074.4 738.0 182.0

Pre Day 6,186.3 3,405.3 570.8 4.4 29.4 243 2,590.6 153.5 105.2 48.3 16.5 2.0 2.8 Pre Day 13,817.8 19,593.0 2,872.0 1,856.0 830.9 3,242.4 611.5 3,078.7 722.9 183.4

Change % 0.60% p 0.38% p 116.27% 116.27% 78.37% 4.53% 0.61% 110.54% 259.47% -213.94% 0.60% 0.61% 0.00% % Change 0.57% 1.84% 0.77% 0.68% 0.03% 0.03% 1.19% -0.14% 2.08% -0.77% p p p p p p p q p q

Last Week 6,172.8 3,373.6 670.8 5.1 23.2 221 2,584.9 282.3 172.7 109.6 16.5 2.0 2.8 Last Week 13,737.0 19,812.5 2,869.6 1,859.8 841.7 3,237.2 617.4 3,032.6 725.8 179.0

% WoW Change 0.82% 1.32% 84.02% 84.02% 126.29% 14.93% 0.83% 14.44% 118.89% -150.18% 0.83% 0.83% 0.00% % WoW Change 1.16% 0.71% 0.86% 0.47% -1.25% 0.19% 0.22% 1.38% 1.67% 1.69%

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High Index Calibre USD350 Mn

Company
JOHN KEELLS HOLDINGS CEYLON TOBACCO CARSON CUMBERBATCH NESTLE LANKA SRI LANKA TELECOM COMMERCIAL BANK [V] BUKIT DARAH DIALOG AXIATA HNB [V] AITKEN SPENCE DISTILLERIES LOLC CARGILLS DFCC BANK SAMPATH BANK ASIAN HOTELS & PROPERTIES

% of Mkt Cap 9.0% 7.9% 2.8% 4.1% 3.3% 3.9% 2.3% 2.9% 1.9% 1.5% 2.4% 1.4% 1.3% 1.6% 1.2% 1.1%

Volume 749,900 53,336 342 162 26,400 258,506 310 28,389 101,663 1,792,625 53 100 133,911 4,732 36,588 15,883

Turnover LKR ('000) 178,462.15 57,491.70 128.25 321.68 1,293.69 32,868.96 177.56 263.67 16,062.67 176,347.85 10.87 7.70 19,818.38 751.02 7,061.30 1,028.33

Turnover USD ('000) 1,366.52 440.22 0.98 2.46 9.91 251.68 1.36 2.02 122.99 1,350.33 0.08 0.06 151.75 5.75 54.07 7.87

Intraday High (LKR) 238.00 1,100.00 375.00 1,990.10 49.20 127.50 587.00 9.40 158.90 100.00 205.90 77.00 148.00 160.00 193.70 65.90

Intraday Low (LKR) 237.00 1,064.20 375.00 1,985.00 48.00 127.00 572.00 9.20 157.10 97.10 205.00 77.00 144.00 158.10 192.60 64.00

Close 238.00 1,099.20 375.00 1,985.60 48.20 127.40 587.00 9.30 157.90 98.70 205.00 77.00 148.00 158.10 192.80 64.50

Price Gainers
Company
CEYLON LEATHER [W0013] G S FINANCE LAXAPANA CAL FINANCE KEELLS FOOD

Price Losers
Today 0.40 64.50 4.30 14.60 74.40 Change + 0.10 + 10.60 + 0.60 + 1.70 + 8.10 % Change Company 33.33% 19.67% 16.22% 13.18% 12.22%
MORISONS [X] SINHAPUTHRA FIN [P] LANKA ASHOK AMF CO LTD PCH HOLDINGS

Today 180.20 35.00 1,305.10 315.00 0.80

Change - 29.80 - 5.60 - 194.90 - 45.00 - 0.10

% Change -14.19% -13.79% -12.99% -12.50% -11.11%

Top 05 Performers for the Day

Company
JKH AITKEN SPENCE UNION BANK FIRST CAPITAL CEYLON TOBACCO

Today 238.00 98.70 21.50 21.00 1099.20

Pre Day 238.00 98.00 21.40 21.00 1065.30

% Change 0.00% 0.71% 0.47% 0.00% 3.18%

Volume (mn) 0.75 1.79 3.21 3.07 0.05

Contribution to Total T/O 6.8% 6.8% 2.7% 2.6% 2.2%

Turnover (LKR) 178,462,152 176,347,850 69,904,717 67,468,697 57,491,704

Most Active
Company
LAXAPANA EXPOLANKA UNION BANK FIRST CAPITAL TEXTURED JERSEY

Today 4.30 10.30 21.50 21.00 17.60

Pre Day 3.70 10.00 21.40 21.00 17.30

% Change 16.22% 3.00% 0.47% 0.00% 1.73%

Volume (mn) 4.80 3.37 3.21 3.07 2.09

Contribution to Total T/O 0.8% 1.3% 2.7% 2.6% 1.4%

Turnover (LKR) 20,386,672 34,300,249 69,904,717 67,468,697 36,526,548

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Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan UK USA Dollar Yuan Euro Rupee Yen Pound Dollar Indicative Rate 30.04.2014 121.17 20.84 180.31 2.16 1.28 219.73 130.60

CSE Announcements
Dividends
Company 0 0 0 0 0
Company Description

DPS (LKR) 0.00 0.00 0.00 0.00 0.00

Proportion 0 0

XD Date 0 0 0 00-Jan-00 00-Jan-00

XR Date

Payment Date 1/0/1900 1/0/1900 1/0/1900 00-Jan-00 00-Jan-00

Renunciation

Rights Issues / Scrip Dividend / Sub division / Capitalization

0 0 0 0 0 0 1/0/1900 1/0/1900 1/0/1900 1/0/1900 1/0/1900 1/0/1900

Source: www.cbsl.gov.lk

New Listing
Company
0

Type of Security
-

Code
1/0/1900

Board
1/0/1900

Offer Price
0.00

1/0/1900

1/0/1900

0.00%

Key Corporate Diclosures

0

Material Dealings by Related Parties of Listed Companies

Company LANKA TILES Name Royal Ceramics 0 Relationship Transaction Common Directors Purchase 0 0 Quantity 100,262 0 Price (LKR) 90.0-92.0 0.00 Date 25.04.2014 0

Global Markets
Index AMERICA Dow Jones Industrial Average EUROPE EURO STOXX 50 Price EUR FTSE 100 Index ASIA Nikkei 225
* Time is as at ET

Value 16,535.4 3,195.7 6,780.3 14,304.1

Change 86.6 -13.0 10.4 15.9

Change % 0.53% p -0.40% q 0.15% p 0.11% p

Time* 16:15 06:26 06:27 02:28

Source: www.bloomberg.com

Commodity Markets
Commodity ENERGY Crude Oil (WTI) AGRICULTURE ICE Cotton #2 CBOT Wheat METALS COMEX Gold COMEX Copper
* Time is as at ET

Units USD/bbl. USd/lb. USd/bu. USD/t oz. USd/lb.

Price 100.33 94.07 712.50 1,292.60 307.50

Change -0.95 0.01 -4.00 -6.40 -1.80

Change % -0.94% q 0.01% p -0.56% q -0.49% q -0.58% q

Time* 06:16 06:10 06:14 06:16 06:15

Source: www.bloomberg.com

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TOP STORIES
Local
Financial sector consolidation gathers steam The Central Bank (CB) yesterday indicated that the consolidation process of the countrys banking and finance sector is on track with considerable progress so far. Nine audit firms selected by the CB to carry out valuations on the banks and NonBanking Financial Institutions (NBFI) will finalise and submit their reports on 2 May 2014. Interested buyers will then have access to the documents on request to the CB who will be the custodians of the report. [Source: www.ft.lk] SriLankan Airlines first South Asian carrier to join a global alliance State-run SriLankan Airlines has joined OneWorld, becoming the first South Asian carrier to be part of a global alliance, officials said. SriLankan Airlines chairman Nishantha Wiclremasinghe said the alliance will connect the airline with 1,000 airports in 150 countries. SriLankan flight UL318 to Kuala Lumpur at 7.45 am May 01 will be the first flight under the oneworld flag. [Source: www.lbo.lk] Shangri-La increases investment to US$ 450 m The Shangri-La hotel chain, which will be initiating Sri Lankas first seven star hotel, has revised its plan of construction and has decided to increase their investment to US $450 million, excluding the cost of the land and along with an increase of rooms from the initial 500 to 625. The hotel is to be built on 10 acres of land overlooking the Galle Face Green.

[Source: www.dailynews.lk] First Capital Wealth Fund declares fourth dividend The First Capital Wealth Fund (FCWF), First Capital Groups fixed income unit trust, has declared a dividend of Rs 100 per unit for 2013-14, the fourth dividend since the Funds launch in October 2010. The dividend, which partly represents a 15.49 percent return per annum net of tax for the last financial year, makes the First Capital Wealth Fund the best performing fixed income unit trust in the country for 2013, the Funds manager First Capital Asset Management (FCAM) said. [Source: www.dailymirror.lk]

Global
Euro-Area April Inflation Quickens Less Than Estimated Euro-area consumer-price growth accelerated less than economists forecast in April, keeping pressure on the European Central Bank to consider unprecedented steps to avert the risk of deflation. The annual inflation rate increased to 0.7 percent from 0.5 percent in March, the European Unions statistics office in Luxembourg said today. Thats below the 0.8 percent median forecast in a Bloomberg News survey of 37 economists. The core inflation rate, which strips out volatile items such as energy, food, alcohol and tobacco, rose to 1 percent from 0.7 percent. [Source: www.bloomberg.com] China Set to Overtake U.S. as Biggest Economy Using PPP Measure China is poised to overtake the U.S. as the worlds biggest economy, while India has vaulted into third place, ahead of Japan, using calculations that take exchange rates into account. Chinas economy was 87 percent of the size of that of the U.S. in 2011, assessed according to so-called purchasing power parity, the International Comparison Program said in a statement in Washington yesterday. The program, which involves organizations including the World Bank and United Nations, had put the figure at 43 percent in 2005. [Source: www.bloomberg.com]

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Kavindu Ranasinghe kavindu.ranasinghe@equity.softlogic.lk +94 11 7277031 Imalka Hettiarachchi imalka.hettiarachchi@equity.softlogic.lk +94 11 7277032

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