Tuesday, November 19, 2013

Today 5,809.15 3,213.93 Point Change - 15.33 + 13.62 % Change -0.26 % q 0.43 % p

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

Level 23, East Tower, World Trade Centre, Colombo 01 Tel: +94 11 727 7000, Fax: +94 11 727 7099 Email: research@equity.softlogic.lk

2.9% 4.2% 603.2 836.2 23.8 36.1 2,416.6 264.5 449.8 185.3 22.9

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]

Bourse extended the dull sentiment...

CSE Diary for 19.11.2013

Indices extended lackluster performances: The dull sentiment of the bourse further prevailed today and benchmark indices closed opposite at the close of the day. ASPI ended at 5,809.15 with a dip of 15 points. Price drops in Ceylon Tobacco Company (-1.0%), Good Hope (-19.2%) and Ceylon Guardian Investment Trust (-6.0%) weighted negatively on the index performances. S&P SL20, however settled positively at 3,213.93 with a gain of 14 points.

The counter settled at LKR114.8 with a marginal gain of 0.4%. JKH and NEST too witnessed offboard interest where the former recorded a single off-board transaction of 174k shares at LKR 218.0 and the latter denoted a single crossing of 14k shares at LKR1900.0. Investor interest on SAMP and JKH: On-board investor interest was seen in Sampath Bank led by a single trade of 40k shares at LKR165.0. The counter settled at LKR166 with an intra-day gain of 0.1%. John Keells Holdings too displayed on-board interest led by a single 50k trade at LKR218.0. JKH closed at LKR217.8 with a gain of 1.5%. Moderate retail activity on bourse: Retail activity was moderate and concentrated on Touchwood Investments and Nations Lanka Finance.

Crossings in HNB, COMB, JKH and NEST: Hatton National Bank spearheaded the daily turnover supported mainly by a single off-block of 1.5mn shares which changed hands at LKR146.0. HNB however denoted lackluster activity on-board. Commercial Bank also recorded a single crossing which amounted to 841k shares which was dealt at LKR115.0. COMB also displayed on-board interest backed by a single 64k trade at LKR114.9.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) Inflation (%) Oct-13 as at 18.11.2013 YoY Change Annual Avg Week ending 15.11.2013 8.56 8.94 9.82 11.09 -18.12 6.7 7.6

6000 5950 5900

Index

5850
5800 5750 5700

ASPI Turnover LKR ('mn)

3300 3250 2,000 1,500 1,000 500 0 200.0

Volume ('mn)

150.0 100.0 50.0 0.0

Index

3200 3150 3100

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 5,809.2 3,213.9 603.2 4.6 23.8 224 2,416.6 449.8 185.3 264.5 15.4 2.0 3.0 Today 12,556.9 18,858.1 2,776.2 1,766.0 702.7 3,210.0 538.3 2,838.4 714.9 159.1

Pre Day 5,824.5 3,200.3 936.4 7.1 143.6 216 2,423.0 134.6 58.1 76.5 15.3 2.0 3.0 Pre Day 12,609.0 18,886.7 2,779.5 1,756.7 707.6 3,210.9 546.0 2,859.2 706.8 160.1

Change % -0.26% q 0.43% p -35.58% -35.58% -83.42% 3.70% -0.26% 234.16% 219.17% 245.53% 0.94% -0.39% 0.00% % Change -0.41% -0.15% -0.12% 0.53% -0.69% -0.03% -1.40% -0.73% 1.15% -0.63% q q q p q q q q p q

Last Week 5,812.8 3,190.7 579.9 4.4 36.2 209 2,418.1 109.5 203.3 -93.8 15.4 2.0 2.9 Last Week 12,531.9 18,978.2 2,782.4 1,738.8 694.8 3,198.6 545.0 2,864.1 722.6 161.2

% WoW Change -0.06% 0.73% 4.03% 4.03% -34.12% 7.18% -0.06% 310.70% -8.87% -381.88% -0.04% -1.41% 3.45% % WoW Change 0.20% -0.63% -0.22% 1.57% 1.13% 0.35% -1.23% -0.90% -1.07% -1.32% Page | 2.

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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 8.9% 8.2% 3.1% 4.2% 2.9% 3.8% 2.8% 3.0% 1.9% 1.9% 2.3% 1.2% 1.4% 1.3% 1.2% 1.3%

Volume 288,013 6,212 139 18,892 1,050 920,438 21 133,489 1,463,629 76,130 100 8,235 3,749 14,210 143,119 0

Turnover LKR ('000) 62,777.75 6,588.35 52.83 35,894.80 40.14 105,832.92 14.18 1,201.41 213,685.80 8,564.56 18.70 521.28 562.37 1,705.22 23,700.67 0.00

Turnover USD ('000) 478.96 50.27 0.40 273.86 0.31 807.45 0.11 9.17 1,630.32 65.34 0.14 3.98 4.29 13.01 180.82 0.00

Intraday High (LKR) 218.00 1,065.00 385.00 1,900.00 38.90 114.90 675.00 9.10 145.00 112.50 187.00 63.50 152.00 120.10 166.50 0.00

Intraday Low (LKR) 217.00 1,055.00 380.00 1,900.00 38.00 113.50 675.00 9.00 140.20 112.00 187.00 63.00 150.00 120.00 165.00 0.00

Close 217.80 1,060.00 380.10 1,900.00 38.20 114.80 675.00 9.00 145.00 112.50 187.00 63.50 150.00 120.00 166.00 69.80

Price Gainers
Company
STANDARD CAPITAL ROYAL PALMS UNION CHEMICALS AMANA TAKAFUL LANKEM DEV.

Price Losers
Today 59.80 28.70 421.20 1.50 5.30 Change + 6.30 + 2.40 + 31.20 + 0.10 + 0.30 % Change Company 11.78% 9.13% 8.00% 7.14% 6.00%
HUEJAY GOOD HOPE RAMBODA FALLS SAMSON INTERNAT. BOGALA GRAPHITE

Today 51.10 1,030.30 12.40 90.10 19.20

Change - 13.70 - 244.70 - 1.60 - 11.40 - 2.30

% Change -21.14% -19.19% -11.43% -11.23% -10.70%

Top 05 Performers for the Day

Company
HNB COMMERCIAL BANK JKH NESTLE SAMPATH

Today 145.00 114.80 217.80 1900.00 166.00

Pre Day 144.50 76.41 86.07 1868.20 165.90

% Change 0.35% 50.24% 153.05% 1.70% 0.06%

Volume (mn) 1.46 0.92 0.29 0.02 0.14

Contribution to Total T/O 8.8% 4.4% 2.6% 1.5% 1.0%

Turnover (LKR) 213,685,803 105,832,919 62,777,745 35,894,800 23,700,672

Most Active
Company
PANASIAN POWER TESS AGRO[RIGHTS] TOUCHWOOD HNB PCH HOLDINGS

Today 2.50 0.20 2.90 145.00 1.50

Pre Day 2.50 0.10 3.10 144.50 1.50

% Change 0.00% 100.00% -6.45% 0.35% 0.00%

Volume (mn) 3.16 2.61 1.52 1.46 1.34

Contribution to Turnover Total T/O (LKR) 0.3% 7,900,281 0.0% 438,418 0.2% 4,507,225 8.8% 213,685,803 0.1% 2,015,770

Softlogic Equity Research

Page | 3.

Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan UK USA Dollar Yuan Euro Rupee Yen Pound Dollar Indicative Rate 19.11.2013 122.86 21.52 177.15 2.10 1.31 211.18 131.07

CSE Announcements
Dividends
Company No Dividend Annoucements 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 0 Type of Security Code 1/0/1900 1/0/1900 Board 1/0/1900 1/0/1900 Offer Price 0.00% 0.00%

Key Corporate Diclosures

No Corporate Disclosures

Material Dealings by Related Parties of Listed Companies

Company NO MATERIAL DEALINGS Name 0 0 Relationship 0 0 Transaction 0 0 Quantity 0 0 Price (LKR) 0.00 0.00 Date 0 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 15,976.0 3,052.8 6,680.6 15,126.6

Change 14.3 -28.5 -42.8 -37.7

Change % 0.09% p -0.92% q -0.64% q -0.25% q

Time* 16:32 05:23 05:23 01:28

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 92.78 77.85 656.75 1,274.30 315.95

Change -0.25 0.14 4.25 2.00 -0.10

Change % -0.27% q 0.18% p 0.65% p 0.16% p -0.03% q

Time* 05:03 05:00 05:22 05:03 05:02 Page | 4.

Source: www.bloomberg.com

Softlogic Equity Research

TOP STORIES
Local
SL could become mini Singapore Despite Sri Lanka having a rich human resource, the country is yet to harness its full potential because of its low presence in providing professional services to other international markets, according to a top Standard Chartered Bank (StanChart) executive, who operates in the Asian region. Stan Chart Asia Vice Chairman Sir Thomas Harris in a brief interview with Mirror Business said Sri Lankas talent pool has the ability to provide business advisory services, banking and insurance services, accounting services and legal services to the businesses in other parts of the world. [Source: www.dailymirror.lk] DFCC makes Fiji entry The DFCC group has been selected as a consultant in the transformation of Home Finance Company (HFC) of Fiji, a stateowned financial institution with a limited offering of products and services. DFCC, together with its subsidiaries Vardhana Bank and Synapsys, has entered into a management contract with HFC and will provide technical and advisory services in the areas of IT, treasury and trade finance, in order to launch its commercial banking operation by January 2014, a statement issued by DFCC said. [Source: www.dailymirror.lk] Sri Lanka's LB Finance debt rated 'BBB+' by RAM RAM Ratings Lanka said it has given a 'BBB+' rating to a proposed 2.0 billion subordinated debt issue by LB Finance, a notch below its 'A-' domestic entity rating. RAM said its gross non-performing loan ratio increased amid tighter economic conditions but it was helped by low defautls on three-wheeler loans, despite gold backed loan delinquencies starting to come in. [Source: www.lbo.lk] Sri Lanka tourist arrivals up 27-pct in October Sri Lanka's tourist arrivals rose 27.9 percent to 102,805 in October 2013 from a year earlier, helped by surging arrivals from China, Maldives, India and Russia, official data showed. Up to October arrivals were up 16.8 percent to 904,015. D S Jayaweera, director general of Sri Lanka tourism development authority said last week arrivals would top a million in November. Sri Lanka will have to draw about 296,000 visitors in November and December, or up 29 percent from a year earlier, to reach a targeted 1.2 million visitors for 2013. [Source: www.lbo.lk]

Global
German Investor Confidence Rises for a Fourth Month German investor confidence rose to the highest level in more than four years, signaling that the economic recovery in Europes largest economy remains on track even after a third-quarter slowdown. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, climbed for a fourth month to 54.6 in November. Thats the strongest reading since October 2009 and up from 52.8 the prior month. [Source: www.bloomberg.com] European Car Sales Rise a Second Straight Month on Spain European new car sales rose for two consecutive months for the first time since 2011 as a cash-for-clunkers program in Spain and a regional economic recovery spurred consumers to purchase vehicles. Registrations in October advanced 4.6 percent from a year earlier to 1.04 million autos, the Brussels-based European Automobile Manufacturers Association, or ACEA, said today in a statement. Sales in September climbed 5.5%. A record six-quarter recession in the 17 countries sharing the euro ended in the three months through June, and consumer confidence in the area rose in October. [Source: www.bloomberg.com] Softlogic Equity Research Page | 5.

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Dimantha Mathew dimantha.mathew@equity.softlogic.lk +94 11 7277030 Kavindu Ranasinghe kavindu.ranasinghe@equity.softlogic.lk +94 11 7277031 Imalka Hettiarachchi imalka.hettiarachchi@equity.softlogic.lk +94 11 7277032

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