DAILY STOCK MARKET HIGHLIGHTS ASHA SECURITIES LTD

Monday, 08 February 2021 Sri Lanka

Daily Market Statistics Performance of the Market

Index 08th Feb 05th Feb Change % Change
 Bourse started the session on a positive note but
ASPI 8,113.26 8,275.37 -162.11 -1.96%
due to volatility in the large caps and speculation
S&P SL20 3,227.66 3,304.30 -76.64 -2.32%
on the tile sector counters turned negative.
Market Stats (LKR, Mn) 08th Feb 05th Feb % Change Hayleys group’s high price counters remained
Turnover 4,799.42 5,166.75 -7.1% positive during most part of the session; HAYC
Domestic Purchases 4,660.08 5,107.09 -8.8% marked over 25% intra-day gain. Profit taking and
Domestic Sales 4,355.41 4,472.56 -2.6% panic selling noted across the board due to
Foreign Purchases 139.34 59.67 133.5% worries over the economic prospects.
Foreign Sales 444.00 694.19 -36.0%
Net Foreign in / (out) Flow (304.66) (634.52) -52.0%  Benchmark index ASPI moved between 8,113.26 -
Share Volume 142.75 109.96 29.8% 8,354.26 points and settled the day at 8,113.26
Trades (No.) 34,856 32,518 7.2% with a loss of 162.11 points (-1.96%).
Market capitalization (Bn) 3,547 3,618 -2.0%
 During the session 51 counters were up and 154
PER 14.09 14.08 0.1%
were down.
PBV 1.33 1.36 -2.2%
 Major contributors for the movement in ASPI
Market Indices were HAYC (+21.85), DIPD (+3.7), GRAN (+8.11),
8,567 CCS (+1.03), CTEA (+1.01), LOLC (-32.07), VONE (-
12.43), LOFC (-8.41), CLC (-7.29) & RCL (-7.03).
3,439
 S&P SL20 index settled the day at 3,227.66 with a
8,245 8,275
loss of 76.64 points (-2.32%).
8,113
3,293 3,304  The day’s turnover was recorded as LKR 4.79Bn
8,005
down by 7% from its previously recorded LKR
3,228
3,187
5.16Bn, foreign investors remained net sellers for
the day.

 The total market capitalization stood at LKR

01st Feb 02nd Feb 03rd Feb 05th Feb 08th Feb
3.55Tn, indicating an YTD gain of 19.80%
ASPI S&P SL20
 The market PER & PBV were at 14.09x & 1.33x
Turnover, Volume and Foreign Purchase respectively.
Rs.Mn Volume Mn
25,000 23,753 3,500 GICS Sectorial Overview
 Materials sector stood on top providing LKR
3,000
20,000 1,256Mn capturing 26% of the total turnover.
2,500
15,000
 Capital Goods and Banks sectors stood second
2,000
and third providing LKR 1,179Mn and LKR 706Mn
10,000 1,500 respectively to the daily aggregated turnover.
6,224 4,799
6,931 5,167
1,000
5,000
500
150 137 108 60 139
0 0
01st Feb 02nd Feb 03rd Feb 05th Feb 08th Feb
Turnover Foreign Purchases Volume
 [DAILY STOCK MARKET HIGHLIGHTS] 08 February, 2021

Top Contributors – Turnover

Company Name Share Vol. Turnover High Low Close Prv. Close Change Change
HAYCARB PLC 391,635 608,075,315 1,700.00 1,310.00 1,590.25 1,268.75 321.50 25%
EXPOLANKA HOLDINGS PLC 8,117,910 443,428,677 56.40 52.20 53.50 54.30 (0.80) -1%
DIPPED PRODUCTS 566,831 420,084,392 760.00 720.00 733.75 706.75 27.00 4%
LOLC HOLDINGS PLC 666,508 298,684,415 480.00 430.00 440.25 469.75 (29.50) -6%
SAMPATH BANK PLC 1,728,418 297,154,899 180.00 168.75 169.25 176.25 (7.00) -4%

Top contributors - Traded Volume

Company Name Share Vol. Turnover High Low Close Prv. Close Change Change

SMB LEASING PLC (Non Voting) 43,433,674 13,613,265 0.40 0.20 0.30 0.40 (0.10) -25%
BROWNS INVESTMENTS PLC 29,326,957 185,302,702 6.60 6.20 6.30 6.50 (0.20) -3%
INDUSTRIAL ASPH. 13,304,374 7,766,335 0.70 0.50 0.60 0.60 0.00 0%
EXPOLANKA HOLDINGS PLC 8,117,910 443,428,677 56.40 52.20 53.50 54.30 (0.80) -1%
PIRAMAL GLASS 5,395,242 51,345,501 9.90 9.30 9.60 9.70 (0.10) -1%

Crossings
Name Symbol Price Trades T.Volume Turnover
N/A

Daily Foreign Transactions

Net Foreign Purchases Net Foreign Sales
Avg Net change in Net Foreign Avg Net change Net Foreign
Company Name Company Name
Price Qty Inflow Price in Qty Ouflow
EXPOLANKA 53.50 58,800 3,145,800 HEMAS HOLDINGS 91.00 (1,268,541) (115,437,231)
HAYLEYS 776.00 1,660 1,288,160 SAMPATH (+) 171.99 (447,868) (77,028,342)
AITKEN SPENCE 67.30 17,325 1,165,973 HAYCARB 1,590.25 (15,126) (24,054,122)
DANKOTUWA PORCEL 14.60 61,408 896,557 VALLIBEL ONE 68.00 (322,093) (21,902,324)
SWISSTEK 133.00 5,000 665,000 COMMERCIAL BANK (+) 90.00 (189,650) (17,068,500)
DIALOG (+) 12.40 52,409 649,872 LMF 173.50 (70,831) (12,289,179)
SINGER FINANCE 15.30 27,639 422,877 C T HOLDINGS 180.00 (57,272) (10,308,960)
JKH 154.75 2,500 386,875 TEEJAY LANKA 40.90 (250,000) (10,225,000)
PIRAMAL GLASS 9.60 20,000 192,000 ROYAL CERAMIC 349.00 (20,687) (7,219,763)
ALUMEX PLC 24.20 5,000 121,000 NAT. DEV. BANK (+) 89.60 (62,419) (5,592,742)

 Aggregate Foreign Purchases for the day totaled up to LKR 139.34Mn.

 Foreign sales for the day amounted to LKR 444Mn.
 Net foreign outflow for the day was LKR 304.66Mn; YTD net foreign outflow presently stands at LKR 10.3Bn.
 EXPO notched the “Top Net Purchasers” slot with a net inflow of LKR 3.15Mn whilst HHL notched the “Top net
Sellers” slot with a net outflow of LKR 115.44Mn.

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 [DAILY STOCK MARKET HIGHLIGHTS] 08 February, 2021
Market Highlights & Statistics
Market Capitalisation
Issued Market
Company Name Symbol Price Quantity Capitalisation
(Mn) (LKR Bn)
LOLC HOLDINGS LOLC.N 440.25 475.2 209.21
CEYLON TOBACCO CTC.N 1,103.25 187.3 206.66
JOHN KEELLS JKH.N 154.75 1,319.3 204.16
EXPOLANKA HOLDINGS EXPO.N 53.50 1,954.9 104.59
DIALOG AXIATA DIAL.N 12.40 8,173.8 101.36
COMMERCIAL BANK COMB.N 90.00 1,098.9 98.90
DISTILLERIES COMPANY DIST.N 20.50 4,600.0 94.30
BROWNS INVESTMENTS BIL.N 6.30 14,369.7 90.53
VALLIBEL ONE PLC VONE.N 66.40 1,086.6 72.15
MELSTACORP PLC MELS.N 59.50 1,165.4 69.34

Top Gainers Top Losers

VWA Days Change Change Turnover VWA Change Change Turnover
Company Name Company Name
Close (LKR) % (LKR) Days (LKR) % (LKR)
BLUE DIAMONDS [X] 0.40 0.10 33.33 32,613 S M B LEASING [X] 0.30 (0.10) (25.00) 13,613,265
HAYCARB 1590.25 321.50 25.34 608,075,315 S M B LEASING 0.80 (0.20) (20.00) 1,197,777
SERENDIB LAND 2800.00 534.50 23.59 282,800 TESS AGRO 0.60 (0.10) (14.29) 12,808
OFFICE EQUIPMENT 85.00 14.90 21.26 218,971 LANKA CERAMIC 162.50 (24.75) (13.22) 228,548
GESTETNER 111.25 9.75 9.61 25,982 HARISCHANDRA 3,504.75 (502.50) (12.54) 1,407,731
GRAIN ELEVATORS 159.25 13.25 9.08 145,812,975 BERUWALA RESORTS 0.80 (0.10) (11.11) 118,420.00
CARGO BOAT 74.80 4.40 6.25 3,173,755 MAHAWELI REACH 14.10 (1.60) (10.19) 2,065
DANKOTUWA PORCEL 14.60 0.80 5.80 28,631,915 LOLC FINANCE 6.40 (0.70) (9.86) 10,988,987
KINGSBURY 13.20 0.70 5.60 58,598 VALLIBEL FINANCE 121.50 (12.00) (8.99) 15,135,623
BOGALA GRAPHITE 25.30 1.30 5.42 1,364,997 ROYAL CERAMIC 321.25 (27.75) (7.95) 221,199,136

ASPI Movement 2019, 2020, 2021

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 [DAILY STOCK MARKET HIGHLIGHTS] 08 February, 2021

Market Highlights & Statistics

GICS Industry Group Statistics
Price Index Turnover Sector
Industry Group
Today Previous Value (Rs) Volume Trades P/E PBV DY
Automobiles & Components 1,194.37 1,245.31 6,476,858.0 71,624.0 78.0 14.90 1.50 2.80
Banks 675.46 691.16 705,935,981.9 7,176,912.0 4,662.0 6.20 0.60 2.00
Capital Goods 1,298.00 1,323.09 1,178,988,556.5 10,653,307.0 7,385.0 26.50 1.20 1.70
Commercial & Professional Services 833.98 810.15 193,345.5 3,465.0 32.0 0.00 1.10 0.20
Consumer Durables & Apparel 1,265.81 1,267.72 89,986,376.0 3,806,818.0 1,562.0 14.50 1.50 2.40
Consumer Services 268.74 270.05 8,647,809.1 853,908.0 526.0 0.00 0.60 1.00
Diversified Financials 1,504.60 1,577.31 519,269,810.8 49,987,260.0 3,790.0 14.70 1.50 0.90
Energy 772.94 795.12 3,916,828.0 167,564.0 152.0 57.00 1.10 1.80
Food & Staples Retailing 1,398.81 1,401.15 18,699,425.7 165,263.0 74.0 29.90 2.50 2.70
Food, Beverage & Tobacco 1,042.04 1,056.51 491,184,509.2 32,941,894.0 4,596.0 16.20 2.70 3.10
Health Care Equipment & Services 1,142.54 1,158.45 9,406,423.3 625,143.0 231.0 26.10 2.30 2.60
Household & Personal Products 1,282.51 1,304.07 1,533,777.5 102,703.0 122.0 14.40 2.10 1.00
Insurance 1,442.43 1,448.17 20,106,051.2 712,875.0 377.0 4.80 0.90 3.50
Materials 1,970.42 1,868.45 1,256,307,772.0 22,641,108.0 7,154.0 27.80 3.00 1.70
Real Estate 848.34 852.56 12,771,475.9 629,973.0 385.0 5.20 0.70 5.70
Retailing 1,046.11 1,059.00 9,670,929.0 583,088.0 440.0 49.50 0.80 1.80
Telecommunication Services 990.65 993.31 2,192,536.1 162,829.0 108.0 8.10 1.20 2.90
Transportation 8,902.20 9,103.88 443,583,675.2 8,119,710.0 2,069.0 0.00 9.50 0.30
Utilities 989.48 990.12 20,543,705.6 3,346,450.0 618.0 10.70 1.70 4.50

Key Announcements

Dealings By Directors
Counter Nature Director / Company involved No of Shares Price Date
VLL Purchase MR. RIYAZ SANGANI 50,000 5.50 05 Feb 2021.
BFL Disposal Prof. M T A Furkhan/ Confifi Capital (Pvt) Limited 1,200 155.00-160.00 27, 29 Jan 2021.

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 [DAILY STOCK MARKET HIGHLIGHTS] 08 February, 2021
Key Announcements
Companies under Trading Suspension / Halt
Company KAPI TFC ESL PCP LLMP.N, X LCEM SFS CHOU NAVF.U
From 14-Feb-19. 18-Feb-19. 5-Jan-16 2-Apr-18 21-Oct-19 7-Sep 18. 2-July 18. 11 Mar 19. 27-Sep-19
Reason *** AQO Weak position CSE - Rules AQO AQO CBSL List rule Matured
Company HDEV HUEJ AINV, CFT, PCHH CSEC MORI PARA, OFEQ, CPRT
From 11-Nov-11 26-Nov-18. 10-12-2018. 30-Oct-19. 4-Sep-19 23 - Dec - 2020.
Reason Gov Take over *** No Annual Reports Voluntary Delist ***
***Non-submission of Interim Financial Statements Auditor's Qualified Opinion (AQO)
Companies on WATCH LIST
Non Submission of Annual Reports, Financial Statements
HDEV LCEM CFT JINS PCP AFSL BLI TESS SING SFL
RGEM MEL HVA ALHP
Qualified Opinion in the Independent Auditor’s Report
MFL ESL CSF BLUE LDEV
Companies on SECOND BOARD
Non-compliance of CSE Listing Rules, minimum public holding & Corporate Governance
AMCL ACAP AFSL ARPI ASPM BBH CALF CLC DIST
LOFC GOOD, INDO, SHAL LAMB MADU MERC NIFL ODEL PDL PDL
SLND SFCL SELI SINS TAP TFIL HUNA CFVF KDL

Stocks in the S&P Sri Lanka 20 in alphabetical order (Effective from 21 Dec 2020)
Access Engineering PLC (AEL) Expolanka Holdings PLC (EXPO.N) National Development Bank PLC (NDB)
Chevron Lubricants Lanka PLC (LLUB) Hatton National Bank PLC (HNB) People's Leasing & Finance PLC (PLC)
Commercial Bank of Ceylon PLC (COMB) Hayleys PLC (HAYL) Royal Ceramics Lanka PLC (RCL)
DFCC Bank PLC (DFCC) Hemas Holdings PLC (HHL) Sampath Bank PLC (SAMP)
Dialog Axiata PLC (DIAL) John Keells Holdings PLC (JKH) Teejay Lanka PLC (TJL)
Dipped Products PLC (DIPD) LOLC Holdings PLC (LOLC) Tokyo Cement Co. (Lanka) PLC (TKYO)
Distilleries Company of Sri Lanka PLC (DIST) Melstacorp PLC (MELS)

Annual general Meetings (AGMs) EGMs

Company Date Company Date Company Date Company Date Company Date
KGAL 12-Feb-21 RICH 12-Feb-21 COMB 30-Mar-21 NDB 30-Mar-21 LITE 10-Feb-21
MASK 12-Feb-21 REXP 12-Feb-21 HNB 30-Mar-21 SAMP 30-Mar-21 LITE 23-Feb-21
NAMU 12-Feb-21 ALHP 19-Feb-21 DFCC 30-Mar-21 PABC 31-Mar-21
SEYB 30-Mar-21 HASU 31-Mar-21

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 [DAILY STOCK MARKET HIGHLIGHTS] 08 February, 2021

Key Announcements
Cash Dividends (LKR)
DIVIDEND PER PAYMENT DIVIDEND PER PAYMENT
CODE TYPE XD DATE CODE TYPE XD DATE
SHARE DATE SHARE DATE
LFIN 12.00 First interim 02 Feb 2021. 23 Feb 2021. SUN 1.00 First interim 16 Feb 2021. 9 Mar 2021.
HPL 0.50 First interim 09 Feb 2021. 02 Mar 2021. PAP 0.12 Interim 16 Feb 2021. 9 Mar 2021.
JKH 0.50 3rd Interim 09 Feb 2021. 02 Mar 2021. VPEL 0.30 3rd Interim 16 Feb 2021. 25 Feb 2021.
BPPL 0.24 First interim 10 Feb 2021. 18 Feb 2021. TAFL 11.00 2nd interim 16 Feb 2021. 25 Feb 2021.
CERA 1.30 First interim 11 Feb 2021. 04 Mar 2021. GRAN 9.00 2nd interim 16 Feb 2021. 25 Feb 2021.
KFP 7.00 First interim 12 Feb 2021. 5 Mar 2021. CARE 1.00 First interim 17 Feb 2021. 10 Mar 2021.
CCS 8.50 First interim 15 Feb 2021. 8 Mar 2021.

Rights Issues
Company, Issue Price Issue Value Proportion XR Date Letter Dispatch Trading of Rights Acceptance
Laxapana Batteries PLC (LITE) LKR 15.00 LKR 540Mn 12 for 13 11 Feb 2021. 17 Feb 2021. 23 Feb 2021. 04 Mar 2021.
People's Merchant Finance (PMB) LKR 7.00 LKR 811Mn 11 for 20 19 Feb 2021. 25 Feb 2021. 04 Mar 2021. 15 Mar 2021.
National Development Bank(NDB) LKR 75.00 LKR 8.01Bn 28 for 61 To Be Notified
Lankem Ceylon PLC (LCEY) LKR 20.00 LKR 677Mn 1 for 1 To Be Notified
Vidullanka PLC (VLL.X) LKR 3.50 LKR 250Mn 1 for 11.72 To Be Notified
Kotagala Plantation PLC (KOTA) LKR 3.00 LKR 790Mn 7 for 2 To Be Notified
SMB Leasing PLC (SMB) LKR 0.35 LKR 2.09Bn 5 for 1 To Be Notified
Senkadagala Finance PLC (SFCL) LKR 70.00 LKR 362Mn 1 for 14 To Be Notified

Sub-Division of Shares
Company Proportion EGM & Entitlement Date Dealings Suspension Trading start
E B CREASY & COMPANY (ECCR) 1 subdivided into 100 02 Feb 2021. 03 Feb 2021- 08 Feb 2021 09 Feb 2021.
LANKA ALUMINIUM (LALU) 1 subdivided into 5 03 Feb 2021. 05 Feb 2021- 09 Feb 2021 10 Feb 2021.
AMAYA LEISURE PLC (CONN) 1 subdivided into 2 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
DIPPED PRODUCTS PLC (DIPD) 1 subdivided into 10 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
HAYCARB PLC (HAYC) 1 subdivided into 10 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
HAYLEYS FABRIC PLC (MGT) 1 subdivided into 2 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
HAYLEYS FIBRE PLC (HEXP) 1 subdivided into 3 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
HAYLEYS PLC (HAYL) 1 subdivided into 10 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
KELANI VALLEY (KVAL) 1 subdivided into 2 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
TALAWAKELLE TEA (TPL) 1 subdivided into 2 10 Feb 2021. 11 Feb 2021- 15 Feb 2021 16 Feb 2021.
ACL CABLES PLC (ACL) 1 subdivided into 2 23 Feb 2021. 24 Feb 2021- 01 Mar 2021 02 Mar 2021.
ALUMEX PLC (ALUM) 1 subdivided into 2 03 Mar 2021. 04 Mar 2021-08 Mar 2021 09 Mar 2021.
THE KINGSBURY PLC (SERV) 1 subdivided into 2 03 Mar 2021. 04 Mar 2021-08 Mar 2021 09 Mar 2021.
SINGER (SRI LANKA) PLC (SINS) 1 subdivided into 3 04 Mar 2021. 05 Mar 2021-09 Mar 2021 10 Mar 2021.
SINGER INDUSTRIES (SINI) 1 subdivided into 2 04 Mar 2021. 05 Mar 2021-09 Mar 2021 10 Mar 2021.
REGNIS(LANKA) PLC (REG) 1 subdivided into 2 04 Mar 2021. 05 Mar 2021-09 Mar 2021 10 Mar 2021.
UNISYST ENGINEERING (ALUF) 1 subdivided into 2 04 Mar 2021. 05 Mar 2021-09 Mar 2021 10 Mar 2021.
Sub-Division of Shares - Pending Dates
Company Proportion Company Proportion
SAMPATH BANK PLC (SAMP) 1 subdivided into 3 SUNSHINE HOLDINGS PLC (SUN) 1 subdivided into 3
L B FINANCE PLC (LFIN) 1 subdivided into 4
Mandatory Offers
OFFEROR OFFEREE DATE OF ANNOUCEMENT OFFER PERIOD OFFER PRICE
Eden Hotel Lanka PLC (EDEN) Serendib Hotels (SHOT) 21 Dec 2020. 08-01-2020 - 10- 02-2021. LKR 14.20

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Economic Indicators & Other Statistics

Exchange Rates Indicative Rates
08th Feb 05th Feb 08th Feb 05th Feb
Currency Currency
Buying Selling Buying Selling Ind: Value Ind: Value
Dollar (USA) 191.97 196.51 191.59 196.03 Yuan (Offshore) 29.9986 29.9824
Pound (UK) 262.26 269.83 261.63 268.21 Rupee (India) 2.6602 2.6630
Euro (EU) 211.54 219.36 228.48 234.65 Won (Korean) 0.1732 0.1729
Dollar (Australia) 146.60 151.43 144.65 149.44 Dinar (Kuwait) 639.8180 641.6231
Dollar (Canada) 149.09 154.97 147.95 153.81 Ringgit (Malay) 47.6773 47.7377
Franc (Switzerland) 211.54 219.36 209.95 217.74 Rial (Oman) 503.2258 504.9526
Renminbi (China) 211.54 219.36 29.30 30.36 Riyal (Qatar) 53.1988 53.3842
Yen (Japan) 1.8178 1.8648 1.8133 1.8608 Riyal (KSA) 51.6494 51.8293
Dollar (Singapore) 143.40 147.62 142.70 146.88 Dirham (UAE) 52.7441 52.9278

Inflation Colombo Consumers’ Price Index (CCPI) & National Government Securities - Secondary Market Yield
Consumer Price Index (NCPI)
9 8.1 7.79 7.89
7.6 7.9 % 7.47
7.0 8.04
6.3 6.4 7.4
7 5.9 6.1 6.2
5.5 6.9
5.2 5.2 7.15
6.2 4.6 6.4
5 5.7 6.70
5.4 5.2 6.51
5.9
3.0 4.0 4.2 4.1 4.0 4.0 4.1 4.2
3 3.9 5.4 5.72
4.73 25-Nov 30-Dec
2020 CCPI 2021 CCPI 2020 NCPI 2021 NCPI 4.9 4.63 5.28
27-Jan 03-Feb
1 4.94
4.4
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 3 M 6 M 12 M 2Y 3Y 5Y 6Y 8Y 10Y 15Y 20Y 30Y

Central Bank's Policy Rates Treasury Bill Issuance

Description 09-07-2020. 16-06-2020. 02.02.2021 26.01.2021 20.01.2021 12.01.2021
Standing Deposit Facility (SDF) 4.50% 5.50% 91 Days % 4.70 4.69 4.70 4.70
Standing Lending Facility (SLF) 5.50% 6.50% 182 Days % 4.78 4.75 4.77 4.78
Statutory Reserve Ratio (SRR) 2.00% 2.00% 364 Days % 5.02 4.98 4.99 5.02
BankRate 8.50% 9.50% Amount 22.7Bn 25Bn 40Bn 40Bn

Date 11.01.2021 27.01.2021 11.01.2021 11.12.2020 27.01.2021 12.03.2020 11.12.2020 16.09.2019

Maturity 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 10 Years 15 Years
Current Yield 6.38 6.34 6.72 6.79 7.16 7.07 7.84 10.59
Previous Auction 11.12.2020 03.06.2020 12.03.2020 28.09.2020 11.01.2021 12.03.2020 16.01.2020 15.10.2018
Previous Yield 5.99 8.59 9.81 6.59 7.39 9.99 9.99 11.90
800
1.909
2.1
1.9 1.920 CBSL Gvt. Securites Holding 744.70
1.7 1.9799 600 Face Value (Bn)
1.5 LIBOR interest rates
1.3 - USD %
1.1 400
0.9
0.7
0.5 0.3041 200
0.3 0.2070
0.1 0.1909
Oct 19. Feb 20. Jun 20. Oct 20. Feb 21. -
3 months 6 months 12 months 09-01-20 08-04-20 07-07-20 05-10-20 03-01-21

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Economic Indicators & Other Statistics
800 Gold & Crude Prices - Bloomberg 60.1
1,960
Tea Prices (LKR/ kg) 60 59.7
750 1,940
58.1
700 58 57.5
57.2 57.0 1,920
650 55.8 55.5
56 55.2 1,900
600 54.4
1,880
550 54
52.5 52.5
500 1,860
52 1,857 1,835
450 1,853 1,853 1,840
400 Uva High Western High Low Grown 50 1,813 1,820
1,806
350 Brent Crude WTI Crude Gold
48 1,800
29-01-21. 01-02-21. 02-02-21. 03-02-21. 05-02-21. 08-02-21.

300 OVERNIGHT MARKET LIQUIDITY 200

(LKR BN) Exchange
195 USD to LKR
200 193.74
190
100 116.49
185

-
180
2-Apr-20 2-Jun-20 2-Aug-20 2-Oct-20 2-Dec-20 1-Feb-21
27-Apr-20 8-Jul-20 15-Sep-20 23-Nov-20 2-Feb-21

Local News
Sri Lanka to begin vaccination of 60+ and 30-to-60-year-old workforce early March
ECONOMYNEXT – Sri Lanka will begin vaccinating people over the age of 60 and those in the workforce aged
between 30 and 60 against COVID-19 in the first week of March, State Minister Sudarshini Fernandopulle said. The
State Minister of Primary Health Care, Epidemics and COVID Disease Control told reporters today that various
industries have requested the vaccine from the government. Sri Lanka will also likely inoculate doctors and frontline
workers in the private health sector, she said .Over 160,000 frontline workers in the state sector including military
personnel have received the India-donated Oxford-AstraZeneca-Covishield vaccine so far, Fernandopulle said, with a
consignment of vaccines expected to arrive early March through the COVAX facility.
Sri Lanka does well on human and economic development relative to environmental damage
Sri Lanka is ranked top among the countries in Asia, which have achieved human and economic development relative
to the damage done to their environment and the climate. According to a United Nations Development
Programme’s (UNDP) Planetary-pressures adjusted Human Development Index (PHDI), Sri Lanka is ranked second
best in Asia after Japan for doing good on human development in relation to the impacts on the climate and the
environment. In addition to the human development, it also looks at the regular measures of development such as
economic growth, education and health. Sri Lanka has scored little over 0.75 compared to Japan’s nearly 0.80 score
in UNDP’s latest PHDI.
Prime lending rate hits new low despite rate hike expectations
Daily Mirror- The prime lending rate or the benchmark rate at which most prime customers of banks get their loan
facilities approved— mostly for shorter tenors—touched a fresh low last week despite speculation that the
prevailing lower rates environment would end towards the second quarter of this year. According to the latest data
available through last Friday, the average weighted prime lending rate (AWPLR) fell by 31 basis points (bps) to 5.59
percent, declining below the previous lowest of 5.66 percent as of December 11, 2020. However, there is growing
chorus by a section of economists and analysts that the current downturn in interest rates would end its run as early
as June this year amid pressure on the rupee due to weak inflows by way of imports and outflows as foreign loan
settlements.

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Nivard wants demutualisation of CSE expedited

State Minister Nivard Cabraal last week requested the capital market regulator and promoter to expedite the
demutualization of the Colombo Stock Exchange (CSE) pending for many years. Cabraal emphasised the urgency
during a meeting with the officials of the Securities and Exchange Commission (SEC) and the CSE. At the meeting the
progress of the new SEC Act as well as demutualisation of the CSE came under review, apart from an assessment of
the status of the Colombo stock market.
Mixed scorecard for pending $ 2.5 b worth bilateral swaps with China and India
A mixed scorecard appears for Sri Lanka’s pending combined $ 2.5 billion bilateral swaps with China and India.
Treasury Secretary S.R. Attygalle was quoted as saying by the Hindu newspaper that Sri Lanka expects the $ 1.5
billion swap facility from China to come through soon. “The [bilateral] negotiations are nearly over, only the final
paperwork is pending. We should be able to complete that by the end of this month,” Attygalle had told The Hindu
on Saturday. The currency swap is one of at least three requests Colombo has made to Beijing since the pandemic.
Following approval of a $ 500 million loan from China in March 2020, the Sri Lankan government has sought an
additional $ 700 million loan, in addition to applying for another ‘COVID-19 Emergency and Crisis Response Facility’ to
the tune of $ 180 million from the Beijing-backed Asian Infrastructure Investment Bank (AIIB). “The negotiations are
proceeding well,” a Chinese Embassy spokesman told The Hindu.

Foreign News
Asian shares, oil buoyant on economic revival hopes
(Reuters) - Asian shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9
trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are
being rolled out globally.

In a sign Europe and U.S. markets would start strong, eurostoxx futures and Germany’s DAX rose 0.7% each, while
London’s FTSE futures added 0.6%. E-mini futures for the S&P 500 were up 0.4% in early Asian trading. The mood was
upbeat in Asia with all major indexes clocking gains. MSCI’s broadest index of Asia-Pacific shares outside Japan rose
0.5% to 721.11, not far from an all-time high of 730.16 touched late last month. Japan’s Nikkei jumped about 2% while
Australian shares ended 0.6% higher. Chinese shares advanced with the blue-chip CSI300 index up 1.3%.

Hopes of a quicker economic revival and supply curbs by producer group OPEC and its allies pushed oil to its highest
level in a year as it crossed $60 a barrel. [O/R]

On Friday, the Nasdaq and S&P 500 hit all-time highs on stronger-than-expected corporate results in the fourth
quarter and as companies were on track to post earnings growth for the first quarter instead of a decline. The rallies
came even as U.S. data painted a dour picture of the country’s labour market with payrolls rising by 49,000, half of
what economists were expecting. The weak report spurred the push for more stimulus, underscoring the need for
lawmakers to act on President Joe Biden’s $1.9 trillion COVID-19 relief package. Biden and his Democratic allies in
Congress forged ahead with their stimulus plan on Friday as lawmakers approved a budget outline that will allow
them to muscle through in the coming weeks without Republican support. U.S. Treasury Secretary Janet Yellen
predicted the United States would hit full employment next year if Congress can pass its support package.

Indeed, the greenback came off a four-month high against the Japanese yen to be last at 105.50. The euro was a tad
weaker at $1.2036 after rising 0.7% on Friday to a one-week high. The risk-sensitive Australian dollar eased from a
one-week high to $0.7675.

In commodities, Brent crude and U.S. crude climbed 59 cents each to $59.93 and $0.57.44, respectively. U.S. gold
futures were up 0.1% at $1,815.4 an ounce.

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 [DAILY STOCK MARKET HIGHLIGHTS] 08 February, 2021

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