MARKET SNAPSHOT

Tuesday, September 01, 2015

EQUITY MARKETS

MARKET REVIEW AND DAILY NEWS UPDATE

Market Indices

Index

The market closed down for the day on the back of LKR 732 mn turnover. Foreigners were net sellers for
the day, while foreign participation accounted for 9% of the day's turnover. There was a crossing in Ceylon
Hotels Corporation for the day.

LKR.(mn)

7,600

3500
Inflation in August unchanged at -0.2% YoY - Inflation remained in the negative territory for the second
consecutive month, recording -0.2% YoY in August 2015. Annual average inflation moderated further to
1.0% in August 2015 from 1.3% in the previous month. Meanwhile, core inflation, which reflects the
underlying price movements in the economy, increased to 3.9% YoY in August 2015 from 3.5% in the
previous month. The CAL UPI increased from -11.8% in July to -11.2% in August 2015.

3000

7,500

2500
7,400

2000

7,300

1500

Monetary policy review August 2015 - Supported by the prevailing low interest rates, the YoY growth of
credit extended to the private sector by commercial banks accelerated to 19.4% in June 2015 compared to
17.6% in May 2015. Credit disbursed in absolute terms increased by around LKR 55bn during the month of
June, while on a cumulative basis, credit to the private sector increased by around LKR 205bn during
1H2015 compared to a decline of LKR 53bn during the corresponding period in 2014. Meanwhile, driven by
the expansion in private sector credit along with increased bank borrowings by the public sector, the YoY
growth of broad money (M2b) remained at 15.3% in June 2015 compared to 15.4% in the previous month.
The Monetary Board decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing
Lending Facility Rate (SLFR) of the Central Bank at 6.00% and 7.50%, respectively.

1000
7,200

500

7,100

0
26-Aug

27-Aug

28-Aug

31-Aug

Turnover

ASPI

Previous

SECTOR STATISTICS

Change (%)

ASPI

7299

7307

(0.1%)

Telecom

S&P SL20
Turnover (Rs. 'Mn)
Volume ('Mn)
Market Capitalization (Rs. 'Bn)

4007
732
36
3101

4026
518
28
3104

(0.5%)
41.4%
28.9%
(0.1%)

Top 5

Today

20
116
-97

135
105
30

(85%)
11%
(426%)

Bottom 5

MARKET STATISTICS

1-Sep

Footwear Textile
Land Property
Construction Eng
Closed End
Power & Energy
Trading
Services
Plantations
Chemicals Pharms

Foreign Purchases (Rs. 'Mn)

Foreign Sales (Rs. 'Mn)
Net Foreign (Rs. 'Mn)

GLOBAL EQUITY MARKETS

Previous

Change (%)

203
1,007
708
3,255
109
181
19,511
26,168
772

202
1,002
705
3,239
109
182
19,617
26,307
776

0.8%
0.5%
0.5%
0.5%
0.0%
(0.6%)
(0.5%)
(0.5%)
(0.5%)

8,075

8,112

(0.5%)

GLOBAL COMMODITY MARKETS

Today

DOW JONES
S & P 500
FTSE 100
NIKKEI
HANG SENG

Today

Previous

16,528
1,972
6,114
18,166
21,185
* As at 4.30pm SL Time

16,643
1,989
6,248
18,890
21,671

% Change
(0.7%)
(0.8%)
(2.1%)
(3.8%)
(2.2%)

Today
Brent Crude Future
WTI Crude Oil
Cotton No.2 Future
Copper Future
Gold 100 OZ Future
TOCOM Rubber

(USD/bbl.)
(USD/bbl.)
(USd/lb.)
(USd/lb.)
(USD/t oz.)
(JPY/kg)

53
49
63
232
1,143
171

Previous
49
44
63
232
1,132
174

% Change
8.8%
9.3%
(0.3%)
0.1%
0.9%
(1.8%)

DIVIDEND ANNOUNCEMENTS
Dividends
The Colombo Fort Land And Building Plc 0.30
Ramboda Falls Plc
0.50
E B Creasy & Company Plc
20.00
Mackwoods Energy Plc
0.10
Bukit Darah Plc
3.00
Lake House Printers And Publishers Plc 1.20
Finlays Colombo Plc
1.50
Lanka Walltiles Plc
2.50

TOP 5 GAINERS
Central Investment & Finance
Nuwara Eliya
Lake House Prin.
S M B Leasing
Lucky Lanka

OTHER ANNOUNCEMENTS
Payment
09.10.2015
21.09.2015
09.10.2015
05.10.2015
17.09.2015
09.10.2015
16.09.2015
15.09.2015

Type
Final
Interim
Final
Final
Final
Final
Interim
Interim

XD Date
01.10.2015
10.09.2015
01.10.2015
25.09.2015
09.09.2015
01.10.2015
07.09.2015
04.09.2015

Today

+/- LKR

Change (%)

TOP 5 LOSERS

0.90
1584.90
114.40
1.20
3.80

0.10
144.20
10.40
0.10
0.30

12.5
10.0
10.0
9.1
8.6

Blue Diamonds [X]

Udapussellawa
Pc Pharma
Samson Internat.
Asia Siyaka

TOP 5 BY TURNOVER
T/O LKR mn
Ceylon Hotels Corporation Plc
300.48
Janashakthi Insurance Company Plc
36.85
Kahawatte Plantations Plc
33.06
George Steuart Finance Plc
21.13
Laugfs Gas Plc
20.77

Description
Rights Issue
Rights Issue
Rights Issue
Rights Issue
Rights Issue

Proportion
5:7
2:1
1:02
5:04
1:02

XR Date
TBA
TBA
TBA
TBA
TBA

Renunciation
TBA
TBA
TBA
TBA
TBA

Today

+/- LKR

Change (%)

-0.10
-4.30
-0.10
-10.20
-0.30

(16.7)
(14.4)
(10.0)
(9.0)
(8.6)

0.50
25.60
0.90
103.60
3.20

CROSSINGS
3MOs avg mn
7.0
4.0
1.5
0.6
14.2

Today
27.00
19.80
33.00
25.50
41.40

Prev. day
26.80
19.20
33.80
23.70
41.90

3MOs avg '000

235
1,162
186
187
117

Today
27.00
3.20
3.70
19.80
17.90

Prev. day
26.80
3.50
3.70
19.20
17.40

TOP
TOP55BY
BYVOLUME
VOLUMES
Volumes '000
10,017
Ceylon Hotels Corporation Plc
2,878
Asia Siyaka Commodities Plc
2,200
Malwatte Valley Plantations Plc
1,890
Janashakthi Insurance Company Plc
1,121
The Kingsbury Plc

Company
Ceylon Printers PLC
Nation Lanka Finance
Waskaduwa Beach Resort
Dankotuwa Porcelain
Janashakthi Insurance

Company
Hotels Corp.
Asiri Hospital
Ceylon Tobacco
Tokyo Cement [Non Voting]
HNB
JKH
JKH
JKH
JKH
JKH
Commercial Bank
Dialog
Nestle
Sampath
Aitken Spence

Date
1/9/2015
28/8/2015
28/8/2015
27/8/2015
27/8/2015
27/8/2015
27/8/2015
27/8/2015
27/8/2015
27/8/2015
27/8/2015
27/8/2015
27/8/2015
26/8/2015
26/8/2015

* Today's crossings are highlighted

Price (LKR)
30.0
21.8
960.0
42.0
217.0
176.5
177.4
176.2
176.4
177.3
169.0
11.4
2,050.0
260.0
98.0

Shares (mn)
10.00
3.50
0.04
1.23
0.68
1.74
0.18
0.27
0.23
0.21
0.91
4.40
0.02
0.14
0.22

Turnover (mn)
300.0
76.3
38.4
37.2
146.5
307.3
31.2
46.7
40.8
37.9
154.2
50.1
41.0
37.2
21.6

GOVERNMENT SECURITIES

FOREX RATES

Daily Market Operations

Today

Previous day

Change in bps

Overnight Repurchase Rates

6.35%

6.35%

Repo
48.77
25.27

Reverse Repo
0.00
0.00

Net Surplus
-36.74
-25.27

Excess Liquidity (LKR bn)

Today
Previous

Treasury Bond
Market
2016
2017
2018
2019
2020

Treasury Bill Market

91 days
182 days
364 days

US Dollar
British Pound
Euro
Singapore Dollar
Canadian Dollar
Australian Dollar
Swiss Franc
Japanese Yen
Chinese Renminbi(Indicative)
Indian Rupee (Indicative)

Ask

Bid

Ask

Bid

Corporate Debt
Market

7.10%
7.75%
8.35%
8.75%
9.40%

7.30%
7.95%
8.60%
8.95%
9.60%

7.10%
7.70%
8.25%
8.70%
9.30%

7.40%
7.90%
8.50%
8.90%
9.50%

BOC-BC-29/11/17A16
HNB-BC-29/08/23A08
PLC-BC-26/03/18C17
CFIN-BC-17/06/16A14.25
SHL-BC-09/09/16A15.75

This week

Previous week

Change in bps

6.53%
6.87%
6.97%

6.36%
6.66%
6.72%

Today

Previous day

17
21
25

Selling

133.1
204.2
149.1
94.0
100.7
93.8
137.4
1.1

137.0
211.6
155.2
97.8
105.0
98.4
143.4
1.1
21.109
2.0240

Ratings

AA(lka) (Fitch)
A+(lka) (Fitch)
AA-(lka) (Fitch)
A+(lka) (Fitch)
A-(lka) (Fitch)

Yield
Ask

Bid

7.75%
9.50%
8.00%
7.50%
7.75%

8.50%
10.50%
8.50%
8.00%
8.50%

GENERAL INDICATORS
This week
6.76%

AWPLR

August 2015
Inflation (CCPI 2006/2007)
(CAL UPI 2012)

*No bids accepted this week

Buying

Previous Week
6.89%

July 2015

0.2%

0.2%

-11.2%

-11.8%

Head Office

EQUITY
Colombo
Harinlal Aturupane (CEO)
Milanka Induruwage
Chanaka Sanoj
Buddhenia Narangoda
Ifadh Marikar
Nadeeka Jayasundara
Lahiru Ariyaratna
Channa Munasinghe
Dayan Steven Fernando
Lakshman Kariyawasam

+94 11 231 7760

+94 11 231 7768
+94 11 231 7764
+94 11 231 7767
+94 11 231 7779
+94 11 231 7773
+94 11 231 7772
+94 11 231 7763
+94 11 231 7776
+94 11 231 7775

Negombo
T. Dananjaya
Nihal Fernando
Lahiru Sadaruwan

+94 773 593 016

+94 773 286 895
+94 772 962 545

Jaffna
B. Mugundan

+94 21 459 1111

Matara
Viraj Nanawatte
SHD Sanjeewa
Nuwan Abeynayake

+94 772 962 541

+94 766 839 555
+94 777 288 274

5th Floor, Millennium House,

No.46/58, Nawam Mawatha,
Colombo 2, Sri Lanka
+94 11 2317777
General:
+94 11 2317777
Fax:
+94 11 2317788
Email:
info@cal.lk
Website:
www.cal.lk
Branches
Matara
No.24, 1st Floor, E.H. Coorey Tower,
Galle Road, Matara.
Tel:
Fax:

+94 41 2030200
+94 41 4390611

Jaffna
147 - 2/3, KKS Road,
Jaffna.
+94 21 2030200
Tel:

Negombo
No.72A/2/1, Old Chilaw Road,
Negambo
Tel:
+94 31 2030200
Fax:
+94 31 2227843

FIXED INCOME SALES

Veranga Vithanaarachchi
Amasha Liyanage
Sandeep Fernando
Sayuri Leelaratne

+94 11 231 7750

+94 11 231 7754
+94 11 231 7752
+94 11 231 7753

Dulkith Hettiarachchi
Shashi Jayawardena

+94 11 231 7786

Thameema Hamza
Malinda Jayasinghe

+94 11 231 7751

+94 11 231 7756

RESEARCH TEAM
Purasisi Jinadasa
Nipuni Fernando
Venura Bandara

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