Asha Phillip Securities

Index
05th Aug 02nd Aug
ASPI
6,114.18
6,155.82
(41.64)
-0.68%
S&P SL20
3,471.47
3,490.57
(19.10)
-0.55%
Change
% Change
Market Statistics
05th Aug
02nd Aug
Value of Turnover(Rs.)
288,422,418
399,443,334
Domestic Purchases
174,315,050
155,926,299
Domestic Sales
145,061,106
276,548,208
Foreign Purchases
114,107,369
243,517,036
Foreign Sales
143,361,313
122,895,126
Volume of Turnover (No.)
16,202,478
43,611,042
PER
16.18
16.29
PBV
2.17
2.19
7,000
6,055.48 6,037.22 6,156.60 6,155.82 6,114.18
6,000
5,000
4,000
3,000
2,000
3,432.03 3,432.93 3,477.57 3,490.57 3,471.47
1,000
0
30th July 31st July 01st Aug 02nd Aug 05th Aug
Sch890111149
ASPI
S&P SL20
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
Rs.Mn
80
70
60
50
40
30
20
10
0
30th July 31st July 01st Aug 02nd Aug 05th Aug
Turnover
Foreign Purchases
Volume
Volume
Mn
The bourse re-enters the negative region…
The trading day initiated on an adverse sentiment, leading
the indices to drown further to the red terrain. The market
witnessed a downturn from its early hours of trading, mainly
due to the lethargic investor participation and the heavy
selling pressure which persisted. ASPI settled the trading
day at its intraday low of 6,114.18, dipping by 41.64 points or
0.68%. Following a similar pattern the S&P SL20 closed
within the negative territory at 3,471.47, losing 19.10 points
or 0.55%. The total market capitalization stood at LKR
2.35Tn, reducing the year to date gain to 8.55%. The market
PER and PBV were 16.18x and 2.17x respectively.
The turnover for the day was recorded as LKR 288.42Mn,
indicating a drop of 27.79% against the previous trading day.
By accounting a share of 20.25% of the daily aggregated
turnover, Access Engineering PLC (AEL) added LKR 58.39Mn
while dominating the list. While being the top sought after
counter for the day with a traded volume of 2.84Mn shares,
AEL also managed to capture the highest retailer interest
logging 119 trades; this was amidst the counter declaring its
final dividend of LKR 0.25/- for the FY 2012/13. Having traded
between a highest traded price of LKR 20.80/- and a low of
LKR 20.50/-, AEL settled at 20.60/- (up by LKR 0.10/- or
0.49%). Chevron Lubricants Lanka PLC (LLUB) stood second
providing LKR 39.93Mn, whilst closing the day at LKR 306/down by LKR 4/- or 1.29%. Ceylon Tobacco Company PLC
(CTC) also made a notable contribution of LKR 35.34Mn to
the daily turnover; CTC closed the trading day at LKR 1,200/(flat), having touched a highest trading price of LKR 1,215/-.
Furthermore, the turnover values recorded by the top three
contributors for the day AEL, LLUB and CTC accounted to
nearly half (½) of the day’s total turnover.
Under the sectorial round-up, Bank Finance & Insurance (BFI) sector topped the list providing LKR 68.94Mn, whilst
accounting to nearly 1/4 of the day’s total turnover. Further, Construction & Engineering (C&E) sector provided LKR
58.75Mn, and stood next in line under the top subscriber list for the day. The two sectors BFI and C&E collectively
made account to 44.27% of the aggregated turnover for the day. During the day, a total of 16.20Mn shares changed
hands resulting in a drop of 62.85% against the previous trading day. PC Pharma PLC & Panasian Power PLC secured
their position next to AEL under the top traded counters for the day with 2.78Mn shares and 1.95Mn shares
respectively being traded.
In terms of share price movement, 134 companies lost while 50 companies gained within the trading day. SMB
Leasing PLC Non-Voting (33.33%) took the lead under the list of gainers, on the contrary Kuruwita Textile Mills PLC (14.55%) led the losers. Foreign participants were bearish during the day, resulting in a net foreign outflow of LKR
29.25Mn (Foreign buying for the day amounted to LKR 114.11Mn and selling amounted to LKR 143.36Mn); this
reduced the year to date net foreign inflow to 15.95Bn. AEL witnessed a net foreign selling worth LKR 51.41Mn for
the 4th consecutive trading day, while leading the top net sellers during the day; on the other hand JKH topped the
net buyer’s list witnessing foreign interest worth LKR 11.47Mn. As at the day’s closure, the USD stood at LKR 133.20/selling and LKR 130.00/- buying.
Market Capitalisation
Company Name
Price
JOHN KEELLS HOLDINGS PLC
Issued Qty
Mkt Capitalization
As a % (Total)
267.90
857,775,904
229,798,164,682
9.66
CEYLON TOBACCO COMPANY PLC
1,200.00
187,323,751
224,788,501,200
9.45
NESTLE LANKA PLC
1,950.00
53,725,463
104,764,652,850
4.40
COMMERCIAL BANK OF CEYLON PLC
119.00
794,101,192
94,498,041,848
3.97
CARSON CUMBERBATCH PLC
411.50
196,386,914
80,813,215,111
3.40
39.50
1,804,860,000
71,291,970,000
3.00
SRI LANKA TELECOM PLC
DIALOG AXIATA PLC
8.70
8,143,778,405
70,850,872,124
2.98
THE BUKIT DARAH PLC
685.60
102,000,000
69,931,200,000
2.94
DISTILLERIES COMPANY OF SRI LANKA PLC
190.20
300,000,000
57,060,000,000
2.40
AITKEN SPENCE PLC
124.00
405,996,045
50,343,509,580
2.12
Highest Volume
Company Name
Highest Turnover
Share
Turnover (Rs)
Company Name
Vol.
ACCESS ENGINEERING PLC
2,841,484
58,393,193.20
PC PHARMA PLC
2,780,599
4,172,948.50
PANASIAN POWER PLC
ACCESS ENGINEERING PLC
Trade
Share
Vol.
Vol.
Turnover (Rs)
119
2,841,484
58,393,193.20
CHEVRON LUBRICANTS LANKA PLC
36
129,448
39,933,254.40
1,951,613
4,315,164.50
CEYLON TOBACCO COMPANY PLC
60
29,423
35,339,257.50
SWARNAMAHAL FINANCIAL PLC
854,350
1,535,562.60
HATTON NATIONAL BANK PLC (X)
72
176,117
19,379,486.20
SMB LEASING PLC (X)
792,761
238,229.40
110
553,784
15,525,752.60
LAUGFS GAS PLC
553,784
15,525,752.60
JOHN KEELLS HOLDINGS PLC
39
47,744
12,765,335.00
PC HOUSE PLC
530,750
604,140.00
CENTRAL FINANCE COMPANY PLC
10
54,633
9,893,157.60
NATION LANKA FINANCE PLC
483,697
4,062,635.20
COMMERCIAL BANK OF CEYLON PLC
41
50,241
5,966,430.10
LANKA ORIX FINANCE PLC
430,956
1,292,997.90
DISTILLERIES COMPANY OF SRI LANKA PLC
18
24,936
4,743,275.30
EXPOLANKA HOLDINGS PLC
319,989
2,171,995.40
JANASHAKTHI INSURANCE COMPANY PLC
48
307,941
4,322,620.70
LAUGFS GAS PLC
Top Gainers
Company Name
VWA Prev
VWA Days
Change
Change
High
Low
No. of
Close
Close
(Rs.)
%
(Rs.)
(Rs.)
Shares
S M B LEASING [X]
Turnover
(Rs.)
0.30
0.40
0.10
33.33
0.40
0.30
792,761
238,229.40
SAMSON INTERNAT.
90.20
97.90
7.70
8.54
97.90
97.90
2
195.80
UNION ASSURANCE
93.30
99.00
5.70
6.11
99.00
99.00
1
99.00
1.90
2.00
0.10
5.26
2.10
1.90
122,833
245,564.80
27.60
28.90
1.30
4.71
28.90
28.90
20
578.00
ASIA ASSET
PRINTCARE PLC
Top Losers
Company Name
VWA Prev
VWA Days
Change
Change
High
Low
No. of
Close
Close
(Rs.)
%
(Rs.)
(Rs.)
Shares
KURUWITA TEXTILE
GOOD HOPE
Turnover
(Rs.)
22.00
18.80
(3.20)
(14.55)
18.80
18.80
1
18.80
1,285.00
1,102.20
(182.80)
(14.23)
1,112.20
1,100.00
11
12,124.40
0.80
0.70
(0.10)
(12.50)
0.80
0.70
30,292
22,226.50
69.00
60.70
(8.30)
(12.03)
65.50
60.00
61,321
3,768,214.30
0.90
0.80
(0.10)
(11.11)
0.90
0.80
126,391
101,806.80
S M B LEASING
CENTRAL IND.
ENVI. RESOURCES [W3]
Market Highlights - Sector Wise
Sector
Price Index
Today
Turnover
Privious
Value (Rs)
Sector
Volume
Trades
P/E
PBV
BANK FINANCE AND INSURANCE
13,083.47
13,203.76
68,939,613
4,235,214
1,125
9.80
1.70
BEVERAGE FOOD AND TOBACCO
20,324.74
20,427.07
44,796,006
99,776
175
22.80
6.60
CONSTRUCTION AND ENGINEERING
2,811.41
2,805.40
58,746,634
2,851,856
135
13.70
1.60
CHEMICALS AND PHARMACEUTICALS
6,864.54
6,889.05
4,627,245
2,806,765
43
7.90
1.40
DIVERSIFIED HOLDINGS
1,966.21
1,966.05
18,054,894
739,653
239
24.40
2.40
830.24
838.82
2,916,958
184,326
90
0.00
1.00
3,249.89
3,320.99
3,313,527
316,355
229
31.60
1.90
FOOTWEAR AND TEXTILE
HOTELS AND TRAVELS
HEALTH CARE
661.26
663.38
1,159,519
157,707
44
25.70
2.50
18,765.29
18,802.23
3,473,067
193,744
95
30.50
1.40
51.21
51.21
700,583
546,531
38
8.60
0.80
570.24
583.47
1,603,068
140,336
97
9.70
0.90
3,041.41
3,064.30
54,621,221
1,045,541
453
12.90
1.90
MOTORS
15,773.88
15,858.88
185,845
1,074
12
4.00
1.40
OIL PALMS
96,209.64
98,596.94
151,913
214
11
83.00
6.80
POWER & ENERGY
114.66
114.59
22,297,736
2,636,903
253
15.10
1.50
PLANTATIONS
727.05
731.56
1,258,818
92,874
130
9.50
0.80
STORES SUPPLIES
23,526.19
24,027.19
420,556
1,465
23
32.40
2.10
SERVICES
24,398.11
24,626.77
355,558
48,097
39
9.50
1.90
158.95
159.46
305,178
32,600
24
14.90
1.50
15,345.28
15,352.53
424,575
70,422
30
12.20
1.50
INVESTMENT TRUSTS
INFORMATION TECHNOLOGY
LAND AND PROPERTY
MANUFACTURING
TELECOMMUNICATIONS
TRADING
Exchange Rates
Indicative Rates
05th August
Currency
Buying
02nd August
Selling
Buying
Currency
Selling
05th August
02nd August
Ind: Value
Ind: Value
Dollar (USA)
130.00
133.20
130.02
133.22
Yuan (China)
21.48
21.47
Pound (UK)
198.05
203.87
196.06
201.82
Rupee (India)
2.15
2.18
Euro (EU)
171.72
177.47
170.88
176.61
Won (Korean)
0.12
0.12
Franc (Sw itzerland)
138.83
144.20
137.75
143.09
Dinar (Kuw ait)
462.81
462.81
Dollar (Canada)
124.22
128.74
124.86
129.40
Ringgit (Malay)
40.47
40.48
Dollar (Australia)
114.39
118.87
114.95
119.45
Rial (Oman)
341.80
341.80
Dollar (Singapore)
101.61
105.18
101.39
104.93
Riyal (Qatar)
36.14
36.14
1.31
1.35
1.30
1.35
Riyal (KSA)
35.09
35.09
Dirham (UAE)
35.83
35.83
Yen (Japan)
Central Bank's Policy Rates
Description
Rate ( Per Annum)
Central Bank Repurchase (Repo) Rate
7.00
Central Bank Reverse Repurchase (Reverse Repo) Rate
9.00
Bank Rate
15.00
Statutory Reserve Ratio (SRR)
6.00
Treasury Bills
AWPLR
This week
Last week
This Week
AWDR
Last week
This Month
Last Month
91 Days
-
- Weekly
11.79
11.79 Monthly
10.43
10.56
182 Days
-
- Monthly
12.47
13.11 6 Months
10.61
10.61
364 Days
10.52
13.59
13.89 1 Year
13.36
13.61
10.56 6 Months
Colombo Consumers’ Price Index (CCPI)
Description
2013
May
2012
June
July
May
June
July
Year on Year Change
7.30
6.80
6.10
7.00
9.30
9.80
Annual Average Change
8.80
8.60
8.30
5.60
5.80
6.00
1M
3M
6M
12 M
10.15
11.39
12.19
12.88
SLIBOR & LIBOR
Description
SLIBOR (05th August) (%)
Over Night
8.74
7 Days
9.26
LIBOR - GBP (02nd August) (%)
0.47875
0.48563
0.49250
0.51125
0.58675
0.86375
LIBOR - USD (02nd August) (%)
0.11703
0.15033
0.18593
0.26660
0.39650
0.67419
(CBSL.lk, Global-rates.com, CBSL )
Country
Foreign Markets- Index
USA
Dow Jones Indus. AVG
USA
2-Aug-13
% Change
1-Aug-13
% Change
31-Jul-13
15,658.36
0.19%
15,628.02
0.83%
15,499.54
NASDAQ Composite Index
3,689.59
0.38%
3,675.74
1.36%
3,626.37
Europe
Euro Stoxx 50 Pr
2,811.00
0.08%
2,808.64
1.46%
2,768.15
UK
FTSE 100
6,647.87
-0.51%
6,681.98
0.92%
6,621.06
Japan
Nikkei 225
14,466.16
3.29%
14,005.77
2.47%
13,668.32
Hong Kong
Hang Seng Index
22,190.97
0.46%
22,088.79
0.94%
21,883.66
China
CSI 300 Index
2,247.26
0.08%
2,245.36
2.39%
2,193.02
Pakistan
Karachi 100 Index
N/A
N/A
23,091.86
-0.95%
23,312.77
India
BSE Sensex 30 Index
19,164.02
-0.79%
19,317.19
-0.15%
19,345.70
Singapore
Straits Times Index
3,254.13
0.33%
3,243.29
0.66%
3,221.93
Malaysia
FTSE Bursa Malaysia EMAS
12,404.58
0.29%
12,368.98
0.30%
12,331.38
Bangladesh
DSE General Index DGEN
N/A
N/A
N/A
N/A
4,342.31
Mongolia
MSE Top 20 Index
14,276.57
-0.62%
14,365.05
-0.34%
14,414.23
Bloom berg
Rubber Prices - 01st August 2013
Grade
World Commodity Prices
Price Range (Rs)
Commodity
LC No.1X
400.00 - 400.00
Brent Crude Oil
LC No.1
395.00 - 400.00
WTI Crude Oil
LC No.2
375.00 - 385.00
Gold
LC No.3
345.00 - 350.00
Silver
LC No.4
320.00 - 328.00
Copper
SC (Br) No.1
315.00 - 315.00
RS Sheet No.1
400.00 - 405.50
RS Sheet No.4
350.00 - 350.00
Sale No : 28
2-Aug-13
1-Aug-13
108.95
109.54
107.70
106.94
107.89
105.03
1,310.60
1,311.00
1,312.40
19.90
19.62
19.62
3.17
3.16
3.12
Tourist Arrivals to Sri Lanka
Month
Tea Prices
Elevation
5-Aug-13
Sale No : 27
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
August
72,463
79,456
Uva High
358.85
338.27
September
60,219
71,111
Western High
395.90
377.35
October
69,563
80,379
Uva Medium
378.66
360.12
November
90,889
109,202
Western Medium
351.92
348.49
December
97,517
122,252
Low Grow n
444.61
433.79
Total
855,975
1,005,605
512,281
Sri Lankan President opens Chinese-built Colombo-South Harbor
Sri Lankan President Mahinda Rajapaksa declared open the Chinese-built Colombo-South Harbor propelling Sri Lanka
to become a major shipping hub in the region. The US$ 500 million project was launched in 2006 to cater for the
increasing demands of services in the international shipping industry. The port built with a partnership between the
government and China Merchant Holdings International is designed to handle mega ships over 18,000, 20-foot
container capacity. The facilities at the new port will make it the only port in South Asia with deep water terminal for
the mega container ships. The new breakwater has a depth of 18 meters, compared to the previous 14 to 15 meters,
enabling it to handle bigger cargo ships that require deeper docking berths. The main terminal was built by the
private sector and the all three terminals each having 1200m length and facilities to accommodate 3 berths alongside
of the port can handle 75 million TEU per year. (colombopage.com)
US employment up by 162,000 in July
The US economy added 162,000 new jobs in July. The figure - which measures the number of jobs outside the US
farming sector - was below economists' expectations of more than 180,000 and the government also cut its previous
estimates for hiring in May and June. Nonetheless, the new jobs helped the unemployment rate to fall to 7.4%. That
was down from 7.6% and is the lowest jobless rate in four years. The news adds to the picture of a slowly growing US
economy and may make its central bank more likely to end its monetary stimulus programme. The Federal Reserve is
currently buying $85bn a month in bonds which helps to keep borrowing costs low. Earlier this week, figures showed
that the US economy grew at a faster-than-expected annualized pace of 1.7% in the second quarter of the year. That
was up from the growth rate for the first three months of 2013, which was revised lower to 1.1% from 1.8%.
(bbc.co.uk)
House prices rise 3.9% in a year
UK house prices recorded their biggest year-on-year increase for nearly three years in July. Annual price growth hit
3.9%, which meant the average home cost £170,825. Average prices rose by 0.8% compared with June. Property
prices a year ago were falling, so this was part of the explanation behind the large annual change. That average
prices were 12% higher than the lows seen during the financial crisis. The latest figures do not suggest a return to a
housing boom - prices remain 10% lower than the record highs of 2007. (bbc.co.uk)
India eases foreign investment rules in retail sector
India has eased key rules on foreign direct investment in multi-brand retail in an attempt to attract foreign firms as it
looks to boost economic growth. Rules governing sourcing of products, infrastructure investment and selection of
cities have been relaxed. India had opened up multi-brand retail to foreign investors last year, but no foreign
supermarket chain has yet entered the country. The move also triggered a series of protests in India. The previous
rules made it mandatory for foreign supermarkets to source 30% of their products from small Indian firms. The
government has retained that requirement, but said foreign firms will be given five years in which to reach that
target, giving them the option of importing goods from overseas initially. Global chains will also have to put 50% of
their initial investment in to building back-end infrastructure such as cold storage facilities. Foreign retailers will also
be allowed to set up shop in cities with a population of less than one million, which they had been barred from
earlier. (bbc.co.uk)
Vice President – Business Development
Manager - Research
Thakshila Hulangamuwa
thakshi@ashaphillip.net
Pasindu Perera
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)
Branch Office: Batticaloa
# 24-1/3, A, 2nd Floor, E.H. Cooray Tower,
Anagarika Dharmapala Mw, Matara. Tel: 041 2235191-6
#22B Bar Road, Batticaloa, Tel: 065 2228029
Branch Office: Jaffna
Branch Office: Matara
1st Floor, # 398/1, Hospital Road, Jaffna. Tel: 021 2221614
# 38, Station Road, Matara. Tel. 041 2223940
Branch Office: Vavuniya
Branch Office: Negombo
1st Floor, # 60, 1st Cross Street, Vavuniya. Tel: 024 2226031
# 142, Greens Road, Negombo. Tel. 031 2227474
Branch Office: Badulla
Branch Office: Gampaha
# 21, Courts Road, Gampaha. Tel. 033 2234888
# 33/3, 2nd Floor, Modern Complex, Badulla.
Tel: 055 2222009
Branch Office: Kiribathgoda
Branch Office: Wellawatte
Udeshi City Shopping Complex, 2nd Floor, 2-14,
No. 94, Makola Road, Kiribathgoda. Tel. 011 2908511
# 3-1/2, Collingwood Place, Colombo 06. Tel: 0112 362939
Branch Office: Panandura
Branch Office: Kurunegala
# 465, Galle Road, Panandura. Tel: 038 2234780
No. 6, 1st Floor, Union Assurance Bldg,
Rajapihilla Mawatha, Kurunegala. Tel. 037 2234777
Branch Office: Ambalanthota
# 153, Tissa Road, Ambalanthota. Tel: 047-2225170
Branch Office: Kandy
Ceybank House, # 88, Dalada Vidiya, Kandy. Tel. 081 4474118
Branch Office: Wattala
# 118, Negombo Road, Wattala. Tel: 011-2930099
Branch Office: Galle
# 16, Sri Dewamittha Mw, Galle. Tel. 091 2233558
Branch Office: Embilipitiya
Branch Office: Anuradhapura
# 61, Sampath Bank Bldg. Main Street, Embilipitiya.
Tel. 047 2261950
# 9, Maithripala Senanayaka Mw, Bank Site, New Town,
Anuradhapura. Tel. 025 2234705
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.