Wednesday, November 13, 2013

Today 5,816.04 3,178.28 Point Change + 3.20 - 12.38 % Change 0.06 % p -0.39 % 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: research@equity.softlogic.lk

3.1% 3.0% 710.4 847.6 22.9 37.3 2,419.5 -93.8 109.5 203.3 22.5

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 on a lackluster note...

CSE Diary for 13.11.2013

Indices closed on opposite: The indices closed on opposites without clear directions on a marginal ground ASPI ended at 5,816.04 with a marginal gain of 3 points. Gains recorded in Commercial Leasing and Finance (+7.9%) and the dips denoted in Ceylon Tobacco Company (-1.2%) held the index in marginal ground. Turnover levels were strong supported both on-board transactions and crossings. S&P SL20 ended with a dip of 12 points at 3,178.28.

interest where the former recorded a single offboard block of 653k shares at LKR150.0 and the latter crossed 1.7mn shares at LKR15.8.

JKH spearheaded daily turnover: John keels Holdings spearheaded the daily turnover supported by two off-board transactions which amounted to 770k shares which changed hands at LKR205.5. The counter also denoted significant on-board interest with several transactions, the largest being the 59k trade at LKR207.1. JKH closed at LKR208.6 with a dip of 0.6%. C T Holdings and Asiri Hospital Holdings too attracted off-board

On-board interest on NEST and LIOC: Nestle Lanka witnessed considerable on-board interest backed by a single on-board block of 16k shares at LKR1950.0. The counter settled at LKR1950.0 with an intra-day gain of 0.6%. The value counter Lanka IOC too denoted notable on-board activity with the reporting of sound financial results today. The counter displayed a notable intraday rally and ended at LKR28.8 with a gain of 8.7%.

Moderate retail activity: Retail investor interest was low and concentrated on Lanka Century Investments, Three Acre Farms and Touchwood investments.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) Inflation (%) Oct-13 as at 12.11.2013 YoY Change Annual Avg Week ending 08.11.2013 8.56 8.94 9.82 11.23 -12.92 6.7 7.6

6000 5950 5900

Index

5850
5800 5750 5700

ASPI Turnover LKR ('mn)

3350 3300 3,000 2,500 2,000 1,500 1,000 500 0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0

Volume ('mn)

Index

3250

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 5,816.0 3,178.3 710.4 5.4 22.9 209 2,419.5 109.5 203.3 -93.8 15.4 2.0 2.9 Today 12,632.9 18,859.7 2,781.7 1,739.6 706.4 3,196.7 545.9 2,872.2 724.5 161.0

Pre Day 5,812.8 3,190.7 579.9 4.4 36.2 211 2,418.1 46.7 42.4 4.3 15.5 2.0 2.9 Pre Day 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

Change % 0.06% p -0.39% q 22.51% 22.51% -36.64% -0.95% 0.06% 134.46% 380.00% -2257.89% -0.85% -0.85% 0.00% % Change 0.81% -0.62% -0.03% 0.05% 1.66% -0.06% 0.17% 0.28% 0.26% -0.12% p q q p p q p p p q

Last Week 5,906.2 3,254.9 571.5 4.4 22.0 207 2,456.2 357.8 63.2 294.6 15.6 2.1 2.8 Last Week 12,754.8 19,252.0 2,818.7 1,799.1 679.2 3,226.0 561.9 2,918.3 726.2 161.0

% WoW Change -1.53% -2.35% 24.30% 24.30% 4.20% 0.97% -1.49% -69.39% 221.69% -131.85% -1.37% -1.62% 3.57% % WoW Change -0.96% -2.04% -1.31% -3.31% 4.00% -0.91% -2.84% -1.58% -0.24% 0.00% 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 8.5% 8.1% 3.1% 4.3% 2.9% 3.7% 2.8% 3.1% 1.9% 1.9% 2.3% 1.2% 1.4% 1.3% 1.2% 1.2%

Volume 1,177,934 4,302 0 16,636 6,920 38,121 1,302 65,641 1,031 500 4,093 30,601 7,886 1,113 79,691 2,002

Turnover LKR ('000) 242,977.27 4,520.80 0.00 32,440.15 264.72 4,325.34 878.87 590.88 149.50 56.65 752.72 1,897.09 1,182.75 134.81 13,334.83 136.14

Turnover USD ('000) 1,853.61 34.49 0.00 247.48 2.02 33.00 6.70 4.51 1.14 0.43 5.74 14.47 9.02 1.03 101.73 1.04

Intraday High (LKR) 210.00 1,063.50 0.00 1,950.00 39.00 114.00 680.00 9.10 145.00 113.50 184.00 62.70 150.00 121.90 168.90 69.90

Intraday Low (LKR) 206.50 1,050.00 0.00 1,939.00 38.00 112.50 675.00 9.00 145.00 113.00 183.00 61.90 146.20 120.00 167.00 68.00

Close 208.60 1,050.00 380.00 1,950.00 38.70 112.90 675.00 9.10 145.00 113.50 184.00 62.00 147.00 121.10 167.00 68.00

Price Gainers
Company
ASIRI CENTRAL S M B LEASING THREE ACRE FARMS CITY HOUSING EASTERN MERCHANT

Price Losers
Today 290.00 0.80 35.00 11.60 8.00 Change + 39.00 + 0.10 + 4.10 + 1.30 + 0.80 % Change Company 15.54% 14.29% 13.27% 12.62% 11.11%
ROYAL PALMS JKH [W 0023] JKH [W 0022] MIRAMAR SERENDIB HOTELS

Today 26.50 62.60 59.20 45.50 26.80

Change - 3.50 - 7.20 - 5.90 - 4.50 - 2.10

% Change -11.67% -10.32% -9.06% -9.00% -7.27%

Top 05 Performers for the Day

Company
JKH C T HOLDINGS JKH[WARRANTS] JKH[WARRANTS] ASIRI

Today 208.60 150.00 62.60 59.20 15.80

Pre Day 209.80 76.41 86.07 65.10 15.80

% Change -0.57% 96.31% -27.27% -9.06% 0.00%

Volume (mn) 1.18 0.73 1.03 1.05 2.76

Contribution to Total T/O 10.0% 4.5% 2.6% 2.5% 1.8%

Turnover (LKR) 242,977,267 109,129,494 63,044,371 61,382,743 43,576,135

Most Active
Company
ASIRI TESS AGRO[RIGHTS] S M B LEASING JKH JKH[WARRANTS]

Today 15.80 0.10 0.80 208.60 59.20

Pre Day 15.80 0.10 0.70 209.80 65.10

% Change 0.00% 0.00% 14.29% -0.57% -9.06%

Volume (mn) 2.76 1.85 1.43 1.18 1.05

Contribution to Turnover Total T/O (LKR) 1.8% 43,576,135 0.0% 192,539 0.0% 1,139,942 10.0% 242,977,267 2.5% 61,382,743

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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 13.11.2013 121.97 21.52 176.25 2.06 1.32 208.31 131.08

CSE Announcements
Dividends
DPS (LKR) Company 0.58 Metropolitan Resource Holdings PLC 22.50 The Nuwara Eliya Hotels Company PLC 0.00 0 0.00 0 0.00 0
Company Description Proportion 0 0

XD Date 21-11-2013 21-11-2013 0 00-Jan-00 00-Jan-00

XR Date

Payment Date 29-11-2013 02-12-2013 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 15,750.7 3,025.1 6,671.4 14,567.2

Change -32.4 -9.6 -55.4 -21.5

Change % -0.21% q -0.32% q -0.82% q -0.15% q

Time* 16:38 05:14 05:15 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 93.15 78.53 645.50 1,274.60 319.05

Change 0.11 0.31 0.25 3.40 -4.35

Change % 0.12% p 0.40% p 0.04% p 0.27% p -1.35% q

Time* 05:05 04:52 05:24 05:06 05:06 Page | 4.

Source: www.bloomberg.com

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TOP STORIES
Local
Sri Lanka's NDB plans Rs10bn debt sale Sri Lanka's National Development Bank said it was planning a junior debt sale of up to 10 billion rupees. The bank wanted to sell 5.0 billion rupees in unsecured subordinated redeemable debt with an option to sell a further 5.0 billion rupees. There has been a spate of listed debt issues this year due to tax breaks. NDB was earlier expected to go for an overseas debt sale. [Source: www.lbo.lk] Sri Lanka Treasuries yields ease Sri Lanka's Treasuries yields eased at Wednesday's auction with the 12-month yield down 3 basis points to 9.79 percent, data from the state debt office showed. The 6-month yield was down 5 basis points to 8.89 percent. There were no sales of 3-month bills. The debt office said 415 million rupees of 6-month bills and 11.2 billion rupees of 12-month bills totaling 11.6 billion rupees were sold after offering 7.0 billion rupees of bills for the auction. [Source: www.lbo.lk] Sri Lanka could be tourist mecca for rising Asian middle class: James Packer Changing demographics in India and China could make Sri Lanka 'a leading tourist mecca' for the rising middle class in Asia, head of Crown Australia, James Packer said. Rising income in Asia was creating a greater demand for leisure and luxury goods, Packer told a Commonwealth Business Forum in Colombo. In 2000, 4 million Indians had travelled abroad. The UN World Tourism Organization had estimated that the Indian outbound market would reach 50 million by 2020 giving opportunities for her neighbors. [Source: www.lbo.lk] Sri Lanka has it all, says Commonwealth Biz Council Chief Commonwealth Business Council Chairman Dr. Mohan Kaul yesterday confessed at the biggest-ever business forum of the grouping that Sri Lanka really does have it all for foreign investors and to boost socioeconomic growth for its people. I am constantly astounded by the progress of Sri Lanka since the end of the conflict. Sri Lanka is the vanguard of development in the continent. This is manifested by the fact that a foreign bank has identified Sri Lanka as the second fastest growing in Asian region. Sri Lanka really does have it all, Kaul [Source: www.ft.lk]

Global
Emerging-Market Banks Threatened by End of Credit Boom The worlds largest emerging markets recovered quickly from the 2008 financial crisis because consumers and companies went on a borrowing binge. Now that credit spree is coming back to haunt banks in those countries. As economies cool, delinquent loans are rising from Turkey to South Africa. India is injecting money into state-run lenders facing a surge in soured debt, while Chinese banks have been told to increase provisions for the same reason. [Source: www.bloomberg.com] UK jobless total falls by 48,000 and rate drops to 7.6% The number of unemployed people in the UK fell by 48,000 to 2.47 million between July and September, the Office for National Statistics has said. The unemployment rate fell to 7.6%, the lowest rate in more than three years. The Bank of England has said it will not consider raising interest rates from their record low of 0.5% until the unemployment rate falls below 7%. The number of people claiming Jobseeker's Allowance fell by 41,700 to 1.31 million in October. The number of people in work rose by 177,000, while the percentage of 16-to-64 year-olds in employment rose to 71.8%. [Source: www.bbc.co.uk] Softlogic Equity Research Page | 5.

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