CAL RESEARCH

WEEKLY FOREIGN HOLDING & BLOCK TRADE UPDATE

Summary

A net foreign outflow of LKR 2.69bn was recorded for the week with net foreign selling mainly coming from JKH (LKR 3.09bn) and Hemas Holdings (LKR 27mn). The net foreign buying list was
topped by Commercial Bank (LKR 321mn). Foreign participation accounted for 50% of the week's turnover.
Foreign buying and selling (31st Mar-4th Apr 2014)

Trailing12 week average daily net foreign inflow/outflow

Week ended
LKR mn
400

180.36

200

37.14

41.61

7.55

37.54

0
-200

(39.92)

(58.27)

(154.64)

-400
-600
-800

(269.56)
(538.85) (559.09)
(765.94)

-1000
Top 10 stocks with net foreign buying for the week ended 04/04/2014

Top 10 stocks with net foreign selling for the week ended 04/04/2014

NET BUYING

Closing price
for the
week(LKR)

Value
(LKR mn)*

Tot. foreign
holding
04/04/2014

Tot. foreign
holding
28/03/2014

% point
change

COMMERCIAL BANK
SHALIMAR
HNB
SAMPATH
DOCKYARD
NAT. DEV. BANK
SEYLAN BANK
OVERSEAS REALTY
DISTILLERIES
PIRAMAL GLASS

125
1449
152
180
178
182
62
21
202
3.5

+321
+120
+67
+22
+20
+12
+4.7
+4.2
+4.2
+4.0

35.1%
84.8%
25.4%
15.3%
53.3%
39.9%
0.3%
86.3%
24.6%
28.4%

34.8%
83.7%
25.3%
15.2%
53.2%
39.8%
0.2%
86.3%
24.6%
28.3%

0.3%
1.2%
0.1%
0.1%
0.2%
0.0%
0.0%
0.0%
0.0%
0.1%

NET SELLING
JKH
HEMAS HOLDINGS
CHEVRON
JKH[W.0023]
AITKEN SPENCE
ODEL PLC
COMMERCIAL BANK(X)
LANKA IOC
UNITED MOTORS
TOKYO CEMENT

Closing
price for
the
week(LKR)

Value
(LKR mn)*

Foreign
holding at
04/04/2014

Tot. foreign
holding
28/03/2014

% point
change

233
39
272
71
98
22
94
40
122
37

(3,096)
(27)
(22)
(20)
(18)
(13)
(10)
(9.8)
(7.7)
(6.8)

51.4%
6.8%
30.5%
43.7%
41.6%
49.8%
21.3%
77.3%
57.1%
26.0%

52.8%
6.9%
30.5%
44.3%
41.7%
50.0%
21.5%
77.3%
57.2%
26.0%

(-1.3%)
(-0.1%)
(-0.1%)
(-0.6%)
(-0.0%)
(-0.1%)
(-0.0%)
(-0.2%)
(-0.0%)
(-0.4%)

* Value based on weighted avg closing price & not actual traded prices

See page 4 for important disclaimer

Foreign ownership changes by sector for the week ended 04/04/2014

SECTOR

Sector market
cap (LKR mn)
04/04/2014

Tot. Foreign
holding
(LKR mn)
04/04/2014

S&P SL20 foreign holding changes for the week ended 04/04/2014
Tot. Foreign
holding
(LKR mn)
28/03/2014

Foreign
holding %

S&P SL 20

BANKS FINANCE & INSURANCE

543,000

110,000

109,600

20.3%

JKH

BEVERAGE FOOD & TOBACCO

488,000

328,200

328,200

67.3%

CEYLON TOBACCO

CHEMICALS & PHARMACEUTICALS

17,000

800

800

4.7%

CONSTRUCTION & ENGINEERING

17,000

10,200

DIVERSIFIED HOLDINGS

502,000

175,200

FOOTWEAR & TEXTILES

10,000

HEALTH CARE

50,000

Closing price
for the week
(LKR)

Incr/(Decr) in
foreign holding
value (LKR mn)

Tot. foreign
holding
04/04/2014

Tot. foreign
holding
28/03/2014

% point
change

233

(3,096)

51.4%

52.8%

(-1.3%)

1,075

(1)

96.5%

96.5%

(-0.0%)

CARSONS CUMBERBATCH

368

(5.5)

17.2%

17.2%

(-0.0%)

10,200

60.0%

COMMERCIAL BANK

125

+321

35.1%

34.8%

0.3%

178,400

34.9%

LION BREWERY

372

33.5%

33.5%

3,100

3,100

31.0%

THE BUKIT DARAH PLC

571

+0.4

21.4%

21.4%

0.0%

9,800

9,800

19.6%

NESTLE LANKA

2,000

+1.2

95.3%

95.3%

0.0%
0.0%

139,000

11,900

11,900

8.6%

DIALOG AXIATA

9.0

+0

90.8%

90.8%

2,000

600

600

30.0%

AITKEN SPENCE

98

(18)

41.6%

41.7%

(-0.0%)

INVESTMENT TRUSTS

32,000

3,200

3,200

10.0%

HATTON NATIONAL BANK

152

+67

25.4%

25.3%

0.1%

LAND & PROPERTY

41,000

19,400

19,400

47.3%

DISTILLERIES

202

+4

24.6%

24.6%

0.0%

MANUFACTURING

109,000

23,400

23,400

21.5%

ASIAN HOTELS & PROP.

62

2.3%

2.3%

DFCC BANK

150

(0.0)

23.6%

23.6%

(-0.0%)

CARGILLS

142

+0.1

7.8%

7.8%

0.0%
0.1%

HOTELS & TRAVELS

INFORMATION TECHNOLOGY

MOTORS
OIL PALMS

22,000

6,400

6,400

29.1%

101,000

52,900

52,800

52.4%

SAMPATH BANK

PLANTATIONS

24,000

1,400

1,400

5.8%

POWER & ENERGY

44,000

18,000

18,000

40.9%

LOLC

SERVICES

6,000

200

200

3.3%

STORES & SUPPLIES

5,000

500

162,000

106,200

29,000

14,000

TELECOMMUNICATIONS
TRADING

* Values based on weighted avg closing price & not actual traded prices

180

+22

15.3%

15.2%

78

34.3%

34.3%

C T HOLDINGS

138

10.1%

10.1%

500

10.0%

HAYLEYS

287

2.5%

2.5%

106,200

65.6%

CHEVRON LUBRICANTS

272

(21.6)

30.5%

30.5%

(-0.1%)

14,000

48.3%

NDB

182

+12

39.9%

39.8%

0.0%

S&P SL20 share price volatility

S&P SL 20

Closing price Closing price as

as at at 07/03/2014
04/04/2014
(30 days)

Closing price
as at
% change
07/02/2014
(60 days)

% change

Closing price as
at 10/01/2014
(90 days)

% change

Market capitalisation % Weightage of S&P 20

(LKR mn)
market cap:

S&P INDEX

3,323

3,245

2.4%

3,369

(1.4%)

3,385

(1.8%)

JKH**

232.7

228.0

2.1%

229.4

1.4%

231.8

0.4%

230,440

17.8%

1,075.0

1,122.3

(4.2%)

1,252.4

(14.2%)

1,190.0

(9.7%)

201,373

15.5%

5.2%

346.7

6.2%

355.0

3.7%

72,310

5.6%

CEYLON TOBACCO
CARSONS CUMBERBATCH

368.2

COMMERCIAL BANK

125.0

115.0

8.7%

120.1

4.1%

126.3

(1.0%)

99,427

7.7%

LION BREWERY

372.0

400.0

(7.0%)

394.8

(5.8%)

368.0

1.1%

29,760

2.3%

THE BUKIT DARAH PLC

570.5

540.0

5.6%

610.0

(6.5%)

620.0

(8.0%)

58,191

4.5%

1,999.9

2,005.0

(0.3%)

2,100.0

(4.8%)

2,126.8

(6.0%)

107,446

8.3%

(4.3%)

9.3

(3.2%)

73,294

5.7%

NESTLE LANKA
DIALOG AXIATA
AITKEN SPENCE

350.0

9.0

9.0

9.4

98.0

99.9

(1.9%)

101.2

(3.2%)

106.2

(7.7%)

39,788

3.1%

(0.1%)

156.1

(2.6%)

155.0

(1.9%)

48,605

3.7%

HATTON NATIONAL BANK

152.0

DISTILLERIES

202.1

204.0

(0.9%)

212.4

(4.8%)

200.0

1.1%

60,630

4.7%

62.0

59.5

4.2%

64.5

(3.9%)

67.9

(8.7%)

27,452

2.1%

150.6

(0.6%)

39,685

3.1%

ASIAN HOTELS & PROP.

152.2

DFCC BANK

149.7

143.9

4.0%

149.7

CARGILLS

142.0

135.0

5.2%

149.0

(4.7%)

148.0

(4.1%)

31,808

2.5%

SAMPATH BANK

179.9

3.5%

169.7

6.0%

175.3

2.6%

30,192

2.3%

173.8

78.0

75.2

3.7%

75.0

4.0%

71.5

9.1%

37,066

2.9%

C T HOLDINGS

138.0

142.0

(2.8%)

141.0

(2.1%)

140.0

(1.4%)

25,267

1.9%

HAYLEYS

287.0

288.0

(0.3%)

298.0

(3.7%)

299.6

(4.2%)

21,525

1.7%

CHEVRON LUBRICANTS

272.0

273.0

(0.4%)

288.4

(5.7%)

274.5

(0.9%)

32,640

2.5%

NDB

181.5

0.4%

184.5

(1.6%)

180.5

0.6%

29,922

2.3%

LOLC

** JKH historical prices are adjusted to reflect the rights issue bonus element

180.7

Block trades for the week ended 04/04/2014

CROSSINGS
CHEVRON
CITRUS LEISURE
HNB
JKH
BAIRAHA FARMS
JKH
JKH
BAIRAHA FARMS
COMMERCIAL BANK
LANKA IOC

Transacted
Date

4/2/2014
4/2/2014
4/2/2014
4/2/2014
4/3/2014
4/3/2014
4/3/2014
4/4/2014
4/4/2014
4/4/2014

Market performance during the period ended 04/04/2014

Transacted
Price

No. of Shares

272
16
153
235
148
234
234
147
125
40

108,945
25,655,500
300,000
220,000
350,000
2,312,148
5,196,125
250,000
1,071,000
1,300,000

Turnover
(LKR Mn)

29.63
397.66
45.75
51.70
51.80
540.12
1,215.89
36.63
133.88
51.74

Market
Cap. %

1.3%
0.6%
2.0%
9.6%
0.9%
9.6%
9.6%
0.9%
4.1%
0.8%

MARKET PERFORMANCE
Index

Turnover (LKR Mn)

6,100

6,000

6,050

5,000

6,000

4,000

5,950

3,000

5,900

2,000

5,850

1,000

5,800

Turnover

ASPI

Exchange rates as at 04/04/2014

FOREX RATES
US DOLLAR
BRITISH POUND
EURO
SINGAPORE DOLLAR
CANADIAN DOLLAR
AUSTRALIAN DOLLAR
SWISS FRANC
YEN
RENMINBI(INDICATIVE)
INDIAN RUPEE (INDICATIVE)

Buying

Selling

129.3
132.0
213.9
219.4
176.6
181.5
102.0
104.7
117.0
119.9
118.9
122.4
144.5
148.4
1.2
1.3
21.03030
2.2

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