Tuesday, February 11, 2014

Today 6,113.15 3,349.35 Point Change + 2.88 - 5.08 % Change 0.05 % p -0.15 % q

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: [email protected]

3.4% 2.6% 1,981.9 833.3 48.1 40.8 2,552.0 -884.9 320.5 1,205.4 -3.2

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 ended indecisively with heavy off-board participation

CSE Diary for 11.02.2014

Indices ended indecisively: The bourse ended indecisively today where benchmark indices closed opposites. ASPI settled at 6,113.16 with a gain of 3 points while S&PSL20 closed at 3,349.35 with a dip of 5 points. Gains denoted in Ceylon Tobacco Company (+1.1%), Cargills Ceylon (+2.3%) and the losses denoted in John Keells Holdings (-2.0%) held ASPI in the marginal ground. Turnover levels were sold nearing LKR2bn supported by large blocks of offboard transactions. 6 crossing spearheaded daily turnover adding 72%: John Keells Holdings spearheaded the daily turnover backed by a single 5mn crossing at LKR222.0. The counter displayed active on-board interest as well and closed at LKR224.8 with a dip of 1.8%. Hatton National Bank and Lanka IOC too denoted off-board interest where the former recorded three off-board transactions accumulating to LKR975k shares which changed hands at LKR157.0 while the latter crossed two off-board blocks amounting to 1.8mn shares at

LKR40.0. With the sound earning release, LIOC traded actively on-board supported by a single 250mn shares transaction at LKR39.5. The counter closed at LKR39.0 with a gain of 2.6%. Distilleries, Vidullanka and Textured Jersey Lanka too depicted off-board interest during the day. Heavy on-board participation in JKH warrants: John Keells Holdings Warrants displayed active on-board interest during the day where JKH Warrant 0023 topped the on-board turnover and ended at LKR65.1 with a dip of 2.8%. JKH Warrant 0022 also had some on-board participation and closed at LKR63.2 with a dip of 1.9%. Retail interest on TFC.X and EXPO: Retail interest was seen in The Finance Non-Voting and Expolanka Holdings. EXPO denoted some large on-board trades, the largest being the two transactions aggregating to 1.1mn shares which were picked at LKR9.0. The counter ended at LKR9.1 with a gain of 1.1%.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) as at 11.02.2014 Inflation (%) Jan-14 YoY Change Annual Avg Week ending 07.02.2014 6.82 7.10 9.38 -10.70 4.4 6.5 7.00

6300 6250 6200 6150 6100 6050 6000 5950

Index

ASPI
3450

Turnover LKR ('mn)

3500

4,000 3,000 2,000 1,000

200.0

Volume ('mn)

150.0 100.0 50.0

Index

3400

3350
3300

3250

0.0

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 6,113.2 3,349.4 1,981.9 15.2 48.1 237 2,552.0 320.5 1,205.4 -884.9 16.2 2.0 2.8 Today 13,577.8 21,410.5 2,826.2 1,781.8 781.2 3,187.8 583.8 2,973.6 730.5 164.5

Pre Day 6,110.3 3,354.4 1,324.0 10.1 89.4 246 2,550.7 181.0 482.7 -301.7 16.2 2.0 2.8 Pre Day 13,531.4 21,253.5 2,822.1 1,800.8 785.0 3,187.5 584.0 2,975.8 731.2 164.5

Change % 0.05% p -0.15% q 49.69% 49.69% -46.26% -3.66% 0.05% 77.07% 149.70% 193.27% 0.05% 0.05% 0.00% % Change 0.34% 0.74% 0.15% -1.06% -0.48% 0.01% -0.04% -0.07% -0.09% 0.00% p p p q q p q q q p

Last Week 6,219.3 3,431.2 1,104.6 8.5 49.1 232 2,596.3 523.5 233.2 290.3 16.8 2.1 2.8 Last Week 13,997.1 21,706.4 2,908.1 1,836.2 794.0 3,204.7 604.1 3,082.9 752.0 156.4

% WoW Change -1.71% -2.39% 79.43% 79.43% -2.13% 2.16% -1.71% -38.78% 416.86% -404.84% -3.62% -2.34% 0.00% % WoW Change -3.00% -1.36% -2.82% -2.96% -1.61% -0.53% -3.37% -3.54% -2.86% 5.16%

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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 8.7% 9.3% 2.7% 4.4% 2.8% 3.7% 2.4% 2.9% 2.0% 1.6% 2.5% 1.4% 1.3% 1.5% 1.1% 1.1%

Volume

Turnover LKR ('000)

Turnover USD ('000) 9,042.80 139.37 0.01 14.54 22.63 127.94 0.03 168.27 1,320.39 16.12 454.90 15.18 0.12 7.69 35.16 0.11

Intraday High (LKR) 229.90 1,265.00 357.00 2,100.00 40.70 120.00 610.00 9.30 157.00 103.00 216.00 75.00 153.90 147.50 170.00 64.00

5,318,856 1,182,022.03 14,527 18,217.71 4 1.43 905 1,900.50 73,932 2,957.51 140,533 16,723.25 6 3.63 2,390,717 21,994.81 1,099,337 172,593.99 20,562 2,106.56 277,271 59,461.94 26,565 1,983.92 102 15.41 6,891 1,005.36 27,317 4,595.95 224 14.22

Intraday Low (LKR) 223.20 1,235.00 357.00 2,100.00 39.20 118.50 604.00 9.20 156.00 102.00 214.00 74.20 151.00 143.00 168.00 63.00

Close 224.80 1,260.40 357.00 2,100.00 40.00 118.80 604.00 9.20 157.00 102.00 215.60 75.00 151.00 147.30 168.10 63.50

Price Gainers
Company
MORISONS [X] BIMPUTH FINANCE MULLERS S M B LEASING ASIAN ALLIANCE

Price Losers
Today 185.00 40.20 1.30 1.30 93.30 Change + 27.00 + 3.10 + 0.10 + 0.10 + 6.50 % Change Company 17.09% 8.36% 8.33% 8.33% 7.49%
FINLAYS COLOMBO RADIANT GEMS CIFL PCH HOLDINGS CITRUS LEISURE [W0019]

Today 245.20 44.20 0.90 1.00 1.10

Change - 44.90 - 5.80 - 0.10 - 0.10 - 0.10

% Change -15.48% -11.60% -10.00% -9.09% -8.33%

Top 05 Performers for the Day

Company
JKH HNB LANKA IOC JKH[WARRANTS] DISTILLERIES

Today 224.80 157.00 39.00 65.10 215.60

Pre Day 228.90 156.00 38.00 67.00 214.00

% Change -1.79% 0.64% 2.63% -2.84% 0.75%

Volume (mn) 5.32 1.10 2.96 1.32 0.28

Contribution to Total T/O 46.3% 6.8% 4.6% 3.4% 2.3%

Turnover (LKR) 1,182,022,032 172,593,987 117,726,349 87,558,806 59,461,943

Most Active
Company
VIDULLANKA JKH PIRAMAL GLASS LANKA IOC DIALOG

Today 3.60 224.80 4.00 39.00 9.20

Pre Day 3.60 228.90 4.20 38.00 9.20

% Change 0.00% -1.79% -4.76% 2.63% 0.00%

Volume (mn) 9.61 5.32 2.97 2.96 2.39

Contribution to Total T/O 1.3% 46.3% 0.5% 4.6% 0.9%

Turnover (LKR) 33,655,835 1,182,022,032 12,015,399 117,726,349 21,994,808

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Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan UK USA Dollar Yuan Euro Rupee Yen Pound Dollar Indicative Rate 11.02.2014 117.60 21.58 178.65 2.09 1.28 214.61 130.71

CSE Announcements
Dividends
Company Ceylon Tobacco Company 0 0 0 0
Company Description

DPS (LKR) 8.55 0.00 0.00 0.00 0.00

Proportion 0 0

XD Date 03-04-2014 0 0 00-Jan-00 00-Jan-00

XR Date

Payment Date 11-04-2014 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

Type of Security
-

Code
1/0/1900

Board
1/0/1900

Offer Price
0.00

1/0/1900

1/0/1900

0.00%

Key Corporate Diclosures

No announcements

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 15,801.8 3,062.8 6,650.3 14,718.3

Change 7.7 30.3 58.8 255.9

Change % 0.05% p 1.00% p 0.89% p 1.77% p

Time* 16:15 05:56 05:55 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 100.35 86.75 587.25 1,283.80 322.15

Change 0.29 -0.62 2.50 9.10 -0.30

Change % 0.29% p -0.71% q 0.43% p 0.71% p -0.09% q

Time* 05:41 05:42 05:40 05:42 05:42

Source: www.bloomberg.com

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TOP STORIES
Local
Balance of Payments records $ 991 m surplus in 2013 Exports up 6.3% to $ 10.38 b; imports down by 6% to $ 17.9 b; trade deficit contracts by 19% to $ 7.6 b. The Central Bank said yesterday that the countrys overall Balance of Payments (BOP) is estimated to have recorded a surplus of $ 991 million during 2013, significantly surpassing the initial estimates for the year. This was achieved despite the volatility in international financial markets, which particularly affected emerging market economies in the region, the Central Bank said. [Source: www.ft.lk] Sri Lanka bank consolidation beneficial: Fitch Sri Lanka's plan to consolidate banks, could bring long term benefits and greater system stability, Fitch Ratings said. The consolidation master plan envisaged the creation of bigger banks, with an asset base of over 1,000 million rupees. "The government intends these institutions to be able to eventually establish a regional presence and improve overall access to funds."There was prospect of mergers of other seven banks that did not meet the threshold. If successfully implanted with Basle III standards, the international standing of banks would be boosted, Fitch said. [Source: www.lbo.lk] Rupee dips 2.7% against dollar; appreciates against Yen, Indian Rupee and Aussie dollar As at end 2013, the rupee depreciated modestly by 2.7% against the US dollar, 6.8% against the euro and 4.7% against the pound sterling, the Central Bank said yesterday. At the same time, the rupee appreciated significantly against the Japanese yen by 18.8%, the Indian rupee by 10.2% and the Australian dollar by 13.3%. So far during 2014, the rupee has remained relatively stable against the US dollar at around same levels recorded at the end of 2013. [Source: www.lbo.lk] Sri Lanka's Altair residential tower to be built by Shapoorji Pallonji A 68-storey lakefront apartment tower tipped to be tallest residential tower in South Asia when completed in 2017 will be built by Shapoorji Pollonji International, a Dubai based construction firm, its promoters said. The 'Altair' luxury condominium project by the Beira lake in Sri Lanka's capital Colombo will be 240 metres tall and is made up of a 68-storey vertical tower and a leaning 63-storey tower. Indocean Developers, a Sri Lanka based company set up by Kolkota based entrepreneurs said Shapoorji Pollonji has been appointed the main contractor for the project. [Source: www.lbo.lk]

Global
Greece posts wider primary budget surplus in January Greece's central government posted a primary budget surplus of 811 million euros ($1.1 billion) in January compared to a surplus of 415 million euros in the same period last year, deputy finance minister Christos Staikouras said on Tuesday. The figure excludes social security organizations and local administration budgets.

[Source: www.reuters.com] Blankfein Says Emerging Markets in Better State Than in 98 Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd C. Blankfein said emerging markets are better able to weather an investor retreat now than in 1998, when currency turmoil spread and forced international bailouts. There were a lot of things in 98 that dont exist now, Blankfein, 59, said in an interview today with Bloomberg Televisions John Dawson in Hong Kong while attending the Goldman Sachs Global Macro conference. Those markets now have better reserves, more flexibility in exchange rates, better policy orientation, he said. [Source: www.bloomberg.com]

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Dimantha Mathew [email protected] +94 11 7277030 Kavindu Ranasinghe [email protected] +94 11 7277031 Imalka Hettiarachchi [email protected] +94 11 7277032

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