Friday, March 15, 2013

Today 5,704.53 3,262.44 Point Change + 15.55 + 21.41 % Change 0.27 % p 0.66 % p

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

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1.1% 5.7% 729.9 865.0 20.2 38.4 2,192.5 335.5 355.6 20.1 3.6

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]

Bluechips keeps the indices in the green...

CSE Diary for 15.03.2013

Indices uptrend; S&P SL20 outperforms ASPI: The benchmark index after a stagnant first hour saw a gradual uptrend to gain 15 points during the day strongly supported large cap counters led by Commercial Bank (+1.5%), John Keells Holdings (0.6%) and Cargills (+3.3%) while the losses in Indo Malay (7.0%), Asian Hotels and Properties (-1.4%) and Trans Asia (-2.3%) weighted heavily on the index. With the large cap counters leading the turnover and the gains helped the S&P SL20 to outperform the ASPI to reach a gain of 22 points. JKH lead turnover and crossings board: John Keells Holdings generated strong investor interest with the counter continuing to renew its 52-week with the price reaching a peak of LKR240.0 today. The counter recorded 3 crossings during the accounting for 440k shares at LKR239.6 and LKR240.0. Supporting its bullish sentiment the counter closed day at its peak price of LKR240.0 recording a gain of 0.6%.

Interest in Banks remain strong: Crossings were also recorded in National Development Bank and Sampath Bank as the former too registered a 52-week high price of LKR160.5 while closing at LKR159.9 (+1.2%) while the latter generated some selling pressure leading to a dip of 0.1% at LKR233.7. Further interest in banks was witnessed in Commercial Bank [Voting], [Non-Voting] and Hatton National Bank. Heavy selling in retail favourite PCH: PC House announced a rights issue late yesterday to fund its working capital requirement. The announcement resulted heavy selling in the counter amidst high level of activity. The counter dipped to a 52-week low of LKR2.9 before recovering to close at LKR3.1 recording a dip of 22.5%.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) Inflation (%) Feb-13 as at 15.03.2013 YoY Change Annual Avg Week ending 15.03.2013 9.16 10.15 11.19 14.00 -46.88

5900 5800

Index

5700
5600 5500

9.8 8.6

ASPI
3300 3280 3260 3240 3220 3200 3180 3160 3140

Turnover LKR ('mn)

3,000 2,500 2,000 1,500 1,000 500 0

70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0

Volume ('mn)

Index

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 5,704.5 3,262.4 729.9 5.8 20.2 231 2,192.5 355.6 20.1 335.5 15.4 2.1 2.3 Today 13,029.5 16,159.4 2,724.0 1,870.0 602.6 3,299.1 461.6 2,557.6 775.1 167.7

Pre Day 5,689.0 3,241.0 609.2 4.8 25.4 225 2,186.6 368.2 107.0 261.2 15.4 2.1 2.3 Pre Day 12,946.5 16,083.6 2,729.9 1,866.1 601.9 3,326.8 464.5 2,558.8 775.9 166.7

Change % 0.27% p 0.66% p 19.82% 19.82% -20.62% 2.67% 0.27% -3.42% -81.24% 28.47% 0.27% 0.27% 0.00% % Change 0.64% 0.47% -0.21% 0.21% 0.11% -0.83% -0.63% -0.05% -0.10% 0.61% p p q p p q q q q p

Last Week 5,691.4 3,222.7 1,213.8 9.6 37.1 237 2,187.0 749.0 543.0 206.1 15.4 2.1 2.3 Last Week 12,788.5 16,249.9 2,715.6 1,848.3 589.7 3,348.6 467.0 2,612.4 784.4 167.3

% WoW Change 0.23% 1.23% -39.87% -39.87% -45.62% -2.53% 0.25% -52.52% -96.30% 62.83% 0.25% 0.25% 0.00% % WoW Change 1.88% -0.56% 0.31% 1.17% 2.18% -1.48% -1.16% -2.10% -1.18% 0.24% 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 9.4% 6.9% 3.9% 4.0% 3.5% 4.0% 3.3% 3.3% 2.3% 2.2% 2.3% 1.3% 1.6% 1.5% 1.7% 1.4%

Volume 1,122,460 3,648 3,070 218 3,999 179,721 135,402 366,063 119,859 33 3,692 121,610 113,765 11,601 110,298 297

Turnover LKR ('000) 269,292.22 2,958.06 1,350.80 354.34 169.96 20,079.15 97,484.44 3,294.63 18,793.40 3.88 627.65 7,053.67 17,629.39 1,391.96 25,913.69 20.49

Turnover USD ('000) 2,131.26 23.41 10.69 2.80 1.35 158.91 771.52 26.07 148.74 0.03 4.97 55.82 139.52 11.02 205.09 0.16

Intraday Intraday High (LKR) Low (LKR) 240.00 814.00 440.00 1,630.00 42.50 112.50 720.00 9.10 157.00 118.00 170.10 58.50 155.00 122.90 235.00 69.00 238.50 801.10 440.00 1,620.00 42.50 110.90 705.50 9.00 155.00 117.50 170.00 56.20 149.10 119.00 233.00 69.00

Close 240.00 810.00 440.00 1,620.30 42.50 112.00 715.00 9.00 157.00 117.60 170.00 58.00 155.00 122.90 233.70 69.00

Price Gainers
Company
HUEJAY COMMERCIAL DEV. RENUKA HOLDINGS [X] PRINTCARE PLC CEYLON TEA BRKRS

Price Losers
Today 61.70 65.80 23.70 30.00 5.30 Change + 7.60 + 6.70 + 2.30 + 2.40 + 0.40 % Change Company 14.05% 11.34% 10.75% 8.70% 8.16%
PC HOUSE ABANS FINANCIAL KURUWITA TEXTILE SIGIRIYA VILLAGE KELSEY

Today 3.10 26.40 20.50 62.20 12.70

Change - 0.90 - 3.80 - 2.30 - 6.70 - 1.20

% Change -22.50% -12.58% -10.09% -9.72% -8.63%

Top 05 Performers for the Day

Company
JKH BUKIT DARAH NAT. DEV. BANK ODEL PLC SAMPATH

Today 240.00 715.00 159.90 22.60 233.70

Pre Day 238.60 708.40 158.00 23.00 234.00

% Change 0.59% 0.93% 1.20% -1.74% -0.13%

Volume (mn) 1.12 0.14 0.54 1.80 0.11

Contribution to Total T/O 12.3% 4.4% 4.0% 1.9% 1.2%

Turnover (LKR) 269,292,218 97,484,439 87,008,987 41,449,213 25,913,690

Most Active
Company
PC HOUSE ODEL PLC TESS AGRO PIRAMAL GLASS JKH

Today 3.10 22.60 2.10 6.00 240.00

Pre Day 4.00 23.00 2.10 6.00 238.60

% Change -22.50% -1.74% 0.00% 0.00% 0.59%

Volume (mn) 3.26 1.80 1.55 1.45 1.12

Contribution to Total T/O 0.5% 1.9% 0.1% 0.4% 12.3%

Turnover (LKR) 10,305,401 41,449,213 3,262,565 8,729,889 269,292,218

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Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan Malaysia Russia Saudi Arabia Singapore Switzerland Thailand UK USA Dollar Yuan Euro Rupee Yen Ringgit Rouble Riyal Dollar Franc Baht Pound Dollar Indicative Rate 15.03.2013 131.02 20.33 164.46 2.33 1.32 40.58 4.11 33.69 101.18 133.54 4.27 190.75 126.35

Announcements
Dividends
Company No Announcements 0 0 0 0 0 0 0
Company Description

DPS (LKR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Proportion 01 for 02

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

XR Date

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

Rights Issues / Scrip Dividend / Sub division / Capitalization

PC House PLC 0 0 0 0 0 To be notified 1/0/1900 1/0/1900 To be notified 1/0/1900 1/0/1900

Source: www.cbsl.gov.lk

Global Markets
Index AMERICA Dow Jones Industrial Average S&P 500 Index EUROPE EURO STOXX 50 Price EUR FTSE 100 Index ASIA Nikkei 225 Hong Kong Hang Seng Index
* Time is as at ET

Value 14,539.1 1,563.2 2,736.5 6,507.9 12,561.0 22,533.1

Change 83.9 8.7 -8.1 -20.1 179.8 -86.1

Change % 0.58% p 0.56% p -0.31% q -0.33% q 1.45% p -0.38% q

Time* 0-Jan 0-Jan 06:32 06:32 02:28 04:01

Source: www.bloomberg.com

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

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

Price 109.66 93.38 91.68 722.00 1,591.80 28.90 354.60

Change 0.75 0.36 0.77 -2.75 1.10 0.10 0.95

Change % 0.64% p 0.38% p 0.90% p -0.38% q 0.07% p 0.32% p 0.27% p

Time* 06:42 06:42 06:41 06:39 06:42 06:42 06:40

Source: www.bloomberg.com

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CSE Announcements

Dealing By Directors:
Company Cutrus Leisure [REEF:LKR19.0] Cutrus Leisure [REEF:LKR19.0] Name George Steuart & Company Divasa Equity (Pvt) Ltd Relationship Common Directors Common Directors Transaction Buy Sell Quantity 1,305,000 1,305,000 Price (LKR) 19.2 19.2 Date 14.03.13 14.03.13

Local News
Sri Lanka's HNB in mobile banking drive: Sri Lanka's Hatton National Bank [HNB:LKR157.0], which has more than two million customers, has launched a mobile banking platform to which it is planning to draw 300,000 users in the next three years, officials said. Chief executive Rajendra Theagarajah said HNB had first launched a basic text message based mobile banking service as far back as 2005 but it had only 13,000 users, but mobile phones now spanned the entire country. He said the bank planned to covert 300,000 of its 2.5 mn accounts holders to use mobile banking services within the next two to three years. The service comes in three versions targeted at high end users with i-phones and smart phones to which an app can be downloaded, mid-range phones and less sophisticated basic phones. Customers could check balances, transfer funds within accounts and to other account holders, pay utility bills, and also make payments to a growing list of vendors that HNB was signing up, schools, insurers and retailers. [Source: www.lbo.lk] SL gets LKR59 bn from Japan: Japan has agreed to provide Japanese Yen 41 bn (approximately LKR59 bn) for four major development projects following a request from the Government. The four projects in priority sectors include power and energy, roads and bridges, disaster management and water supply with the objective of enhancing economic growth further by improving economic infrastructure. The signing of the loan agreements pertaining to the above loans took place yesterday at the Ministry of Finance and Planning. Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning on behalf of the Government of Sri Lanka and Harumi Ao, Chief Representative of Japan International Cooperation Agency (JICA) Sri Lanka Office on behalf JICA signed the four loan agreements. It is expected to utilise LKR23 bn to construct modern and safe transmission and distribution network in the Greater Colombo Area to meet growing electricity demand especially due to the present development and investment promotion activities in that area and to reduce electricity loss in transmission and distribution. With the construction of reliable transmission and distribution network in the Greater Colombo Area utilising this loan funds, transmission and distribution losses will be at minimum level and the total electricity losses will be reduced to 12.0% by 2020. Further, project will be contributed in preventing climate changes by carbon dioxide mitigation. [Source: www.ft.lk]

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 Palali airport to be upgraded to intl level: Sri Lanka is to develop the Palali airstrip in Jaffna as an international airport, mainly to cater to Indian traffic. An official from the Ministry of Civil Aviation said that they would seek Indian assistance for this venture. The development of the North is also of high priority in the governments agenda and an international airport in the peninsula would boost its regional economy in a big way. When fully operational, the Palali airport would also cater to the growing Indian traffic. In addition, the government has also decided to invest on a second runway at the Colombo airport, enabling even the large A380s to land in Colombo. Financial assistance for this purpose is expected from Japan. [Source: www.dailynews.lk] SL fast tracking China trade through Hong Kong: Sri Lanka is now trying to fast track its trade with China through the worlds most globalized economy Hong Kong. There is vast, unrealized trade potential between Hong Kong and Sri Lanka, which we need to explore jointly. The Hong Kong Trade Development Council with its vast network is an ideal partner for Sri Lankan companies to explore partnership opportunities with the Chinese market, said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka. The arrival of Hong Kong based Shangri-La hotels to Sri Lanka is now well known. Hong Kong is the second most globalized economy according to Ernst & Young and is Sri Lankas 19th trading partner in terms of exports, which stood at USD105 mn in 2012. The bilateral trade between both countries has been fluctuating and in 2012, it reported USD689.33 mn. Apparel, gems and tea are our main exports. We also believe that there is vast, unrealized trade potential, between the two countries, which we need to jointly explore. Todays seminar is an important step in this direction and I am pleased to see strong participation from Sri Lankas private sector as well, Bathiudeen said. [Source: www.ft.lk]

Global News
Spains 2012 Public Debt Advances 20%, Below EU Forecast: Spains public sector debt surged 20 percent last year as the government sought European aid for its banks and backstopped the nations municipalities as well as its tax-funded pensions and jobless-benefit systems. Borrowings rose to 884.4 bn euros (USD1.15 tn) at the end of December from 736.5 bn euros a year earlier, according to the Madrid-based central banks estimate. That represents 84.1% of gross domestic product, up from 69.3% a year earlier and 77.3% in the third quarter. It is less than the European Commissions forecast of 88.4%. [Source: www.bloomberg.com] Haruhiko Kuroda confirmed as BOJ governor: Japan's parliament has approved Haruhiko Kuroda as governor of the Bank of Japan, who is expected to push for monetary stimulus to boost growth in the world's third-largest economy. The upper house cleared Mr Kuroda after he won approval from the lower house on Thursday. Mr Kuroda has said he will do whatever it takes to bring inflation up to 2.0%. [Source: www.bbc.co.uk]

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