q q 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] 3.3% 5.6% ASPI S&P SL 20 Index - 9.09 - 0.84 5,827.02 3,257.14 ASPI Wednesday, February 13, 2013 913.3 % Change Point Change Today 58.1 608.4 -0.16 % -0.03 % 2,238.5 YTD Performance S&P SL 20 Index 40.0 159.0 -1.1 221.8 62.8 Level 23, East Tower, World Trade Centre, Colombo 01 Tel: +94 11 727 7000, Fax: +94 11 727 7099 Email: [email protected]CSE Diary for 13.02.2013 Market moved on a volatile path the ASPI created wavy patterns touching a high of 5,849.8 points (+13.7), before losing grounds during latter hours of trading to close at its low of 5,827 points with a 9.1 point dip. The S&P SL20 closed flat for the day at 3,257 points. The overall participatory levels weakened despite some activity being witnessed by retailers as the turnover dropped to a one- week low recording LKR608.5 mn amidst absence of heavy off- market deals. Heavyweight, John Keells Holdings, spearheaded the day’s turnover with a c.25% contribution as the counter witnessed substantial on-board deals including a 100.9k share block at LKR231.0. The counter renewed its 52-week high price at LKR232.0 before closing flat at LKR231.0. Renewed interest was notable in Browns Investments as the counter emerged to record two off- market blocks carrying c.29 mn shares being taken at LKR3.8. Few on-board deals were also registered in the counter as it advanced 5.9% to close at LKR3.6. On-board blocks continued to be witnessed in Dialog Axiata as it was seen touching its 52-week high price today at LKR9.4 amidst considerable buying pressure. The Deals included a c.3.9 mn share block at LKR9.3. Buying interest again emerged strong in Sampath Bank in anticipation of strong earnings as the counter gained 0.8% at its close of LKR237.6. Similar interest was evident in other banking sector players Nations Trust Bank (+0.2%), Commercial Bank (+0.5%) and DFCC Bank (1.4%). On the contrary profit taking was notable in National Development Bank yet it closed in the green with a marginal gain at LKR150.1. Meanwhile some retail & high net worth activity was notable in Colombo Land & Building, Kegalle Plantations, Lanka Ventures, Waskaduwa Beach Resort, Kalpitiya Beach Resort, Environmental Resources Investment and Union Bank. European Stocks Little Changed: European stocks were little changed as euro-area industrial output data rose and after US President Barack Obama pledged to expand trade with the region. US futures advanced, while Asian stocks were little changed. The benchmark Stoxx Europe 600 Index declined 0.1% to 286.8 at 10:08 a.m. in London, after yesterday adding 0.5%. Oil Near One-Week High; API Reports First Inventory Drop: West Texas Intermediate traded near the highest level in more than a week after a second day of gains. US crude stockpiles declined for the first time this year, according to the American Petroleum Institute. Crude for March delivery was at USD97.66 a barrel in electronic trading on the New York Mercantile Exchange, up 15 cents, at 4:43 p.m. Singapore time. Following volatility both the indices settle in the red…
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q
q
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]
3.3%
5.6%
ASPI
S&P SL 20 Index
- 9.09
- 0.84
5,827.02
3,257.14
ASPI
Wednesday, February 13, 2013
913.3
% ChangePoint ChangeToday
58.1
608.4
-0.16 %
-0.03 %
2,238.5
YTD Performance
S&P SL 20 Index
40.0
159.0
-1.1
221.8
62.8
Level 23, East Tower, World Trade Centre, Colombo 01
Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization
Franc Company
Baht No Announcements
Pound 0
Dollar 0
Source: www.cbsl.gov.lk
Global Markets
p
p
q
q
q
p
* Time is as at ET Source: www.bloomberg.com
Commodity Markets
Crude Oil (Brent) q
Crude Oil (WTI) p
ICE Cotton #2 q
CBOT Wheat q
COMEX Gold q
COMEX Silver q
COMEX Copper p
* Time is as at ET Source: www.bloomberg.com
Australia
1,646.90 -2.70
METALS
ENERGY
Commodity
23,215.2
Units
0
-2.4
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.34%
0.16%
47.5
Russia
Saudi Arabia
Japan
375.40
USD/t oz.
USD/t oz. -0.03
725.00
1.00
30.99
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
11,251.4
Value
14,018.7
1,519.4
USD/bbl.
USd/lb.
USd/lb.
AMERICA
-7.00
2.4
Change
-0.63%-0.52
0
0.14
Change %
0.27%
Change %
-0.96%
-0.11%
-0.01%
0.14%
-1.04%
0.16%
-0.16%
06:27
06:27
06:28
0-Jan
0-Jan
06:20
06:20
Time*
06:28
06:28
06:27
-0.26%
06:28
Company
00-Jan-00
1/0/1900
1/0/1900
6,321.8
Singapore
Switzerland
Thailand
UK
-0.01
38.2
0
2,646.4
137.60
1/0/1900
1/0/1900
4.23
USA
01:28
-16.7
1/0/1900
Change
-0.09%
-117.7
03:01
0
Payment DateDPS (LKR) XD Date
197.78
0.00
0.00 0
0
126.23
0.0033.66
Malaysia
4.20
130.55
20.25
2.35
1.35
40.78
India
Currency
169.78
Indicative Rate
13.02.2013
China
0
USd/bu.
82.55
Price
118.66
97.65
USD/bbl.
101.97
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
00-Jan-00
1/0/1900
1/0/1900
00-Jan-00
Description
0.00
0.00
0 1/0/1900
0
XR Date
00-Jan-00
00-Jan-00
00-Jan-0000-Jan-00
Renunciation
00-Jan-00
0.00
Time*
00-Jan-00
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CSE Announcements
Renuka Shaw Wallace [COCO: LKR20.8]: The company informs that Mrs.Indumathi Renuka Rajiyah has been appointed as Deputy Chairman of the company with effect from 12th Feb 2013.
Renuka Agri Foods [RAL: LKR4.9]: The company informs that Mrs.Indumathi Renuka Rajiyah has been appointed as Deputy Chairman of the company with effect from 12th Feb 2013 while Michael Ranglin is appointed to the Board with effect from 1st April 2013. Mr.John Edward Brennan will be
resigning from the Board with effect from 31st March 2013
Commercial Credit & Finance [COCR: LKR14.5]-Debenture Issue: The cumulative figures of the total applications received and the amounts subscribed as at end of 12th February 2013 is given below. The company also informs that both the first and second tranches of the debenture issue has been over-subscribed.
Local News
Govt.-IMF part ways on fresh funding deal: Treasury wants Budget support but IMF says current improved status of Sri Lanka does not warrant unconventional and exceptional financial support. The Government and the International Monetary Fund (IMF) have parted ways over a fresh financial support arrangement. During consultations, the IMF has indicated that the fund may not be in a position to consider any direct or indirect budget support to Sri Lanka, since the current improved status of Sri Lanka does not warrant unconventional and exceptional financial support to the Government of Sri Lanka from the IMF. The IMF has also been of the view that Sri Lanka has now developed well-established access to international capital markets and therefore budget support, if necessary, could be conveniently accessed from such market sources and hence there is no need to access the fund for such budget financing.
[Source: www.ft.lk]
Sri Lanka economy to grow 6.25-pct in 2013: IMF: Sri Lanka's economy is expected to grow 6.25% in 2013 after dipping to 6.0% in 2013, with high inflation reducing space for monetary easing, the International Monetary Fund said. "The recovery will be constrained by high inflation which limits room for near term monetary easing," IMF mission team leader John Nelmes said. But the economy will be helped by a continued recovery in main trading partners, the US and EU, he said. Last year external demand was weak, and a drought also hit the economy, he said. The IMF said it welcomed a commitment by the authorities to keep the budget deficit at 5.75% of gross domestic product. In 2012 tax revenues fell below 11.25% of GDP with imports slowing and tax exemptions eating into revenue.
[Source: www.lbo.lk]
Tourism and remittances top USD 7bn in 2012: In 2012, earnings from tourism and remittances reached a record high of USD 1,039 mn and USD 5,985.3 mn respectively reducing the current account deficit of the Balance of Payment (BoP) substantially, according to the data released by the Central Bank. As a result, the Central Bank expects to reduce the current account deficit of the BoP to USD 3.3 bn or 5.5% of GDP in 2012 from 7.8% in 2011. Further the BoP is also expected to turn into a USD 100 mn surplus improving from the deficit of USD 1,061 mn in 2011. Since the end of the armed conflict in May 2009, the tourism earnings have been continuously improving and in 2011 it peaked to USD 830.3 mn. However the increasing tourism arrivals which peaked at 1 mn in 2012 failed to boost the bottom lines of the star class hotels in the country.
No. of Applications received 251
No. of Debentures Applied 4,634,055
Value of Debentures applied (LKR) 463,405,500
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This was amply demonstrated by the recently released Q3 results of John Keells Hotels’ bottom line denting by as much as 22%.
[Source: www.dailymirror.lk]
Exports slip 7.4% in 2012; trade gap narrows: Sri Lankan export earnings extended their losing streak to the month of December, slipping 6.7% year-on-year (YoY) to USD 871 mn to end the year 2012 with a negative 7.4% growth, with a total export earnings income of USD 9.7 bn. However, proving much optimism, the trade balance- the difference between exports and imports of Sri Lanka- contracted by as much as 4.1% to end the year with USD 9.3 bn. This is against USD 9.7 bn balance of trade reported in 2011. It was also quite notable that the trade balance contracted sharply by as much as 32% YoY in the month of December, due to imports dropping at a faster pace by 19.4% to USD 1.5 bn, than the fall in exports, which dropped by 6.7% YoY to USD 871 mn.
[Source: www.dailymirror.lk]
World’s Construction Power ready to enter SL in large scale: As its bilateral trade with Sri Lanka topped USD191 Mn with strong signs of renewed trade, Turkey, globally renowned for its construction dominance and predicted to be the fast grower in it by 2020, is readying to partner in Sri Lankan construction sector in a big way, the Ministry of Industry and Commerce said in a press communiqué earlier this week. "Turkey has one of the largest construction industries in the world. It is also ranked second after China in terms of largest construction companies of the World. The share of the construction sector in the Turkish economy is almost 30%," revealed Iskender K. Okyay, Ambassador of Turkey to Sri Lanka on 09 February. Okyay revealed this to Rishad Bathiudeen, Minister of Industry and Commerce on 09 February during his courtesy call on the minister.
[Source: www.island.lk]
Global News
UK inflation rate unchanged at 2.7% in January: The rate of UK consumer price inflation remained unchanged at 2.7% for the fourth consecutive month in January, official data has shown. A big rise in the prices of alcohol and tobacco was the biggest factor driving prices up, the Office for National Statistics (ONS) said. At the same time, there were slower price rises for clothing and footwear. The rate of Retail Prices Index (RPI) inflation rose to 3.3% in January from 3.1% in December. Analysts had forecast a slight rise in CPI to 2.8%. Alcohol and tobacco prices were up 8.5% on the year, but were also up 4.3% from December, as pre-Christmas discounts came to an end. However, clothing and footwear prices rose just 0.2% on the year and fell 5.4% on the month as January sales kicked in.
[Source: www.bbc.co.uk]
G7 fails to defuse currency tensions: An attempt to soothe global currency tensions backfired on Tuesday as a joint statement by the world's richest nations roiled the markets. The Group of Seven nations took the unusual step of issuing a public statement to address rising concerns over a fresh round of global "currency wars". The yen initially fell, as the statement appeared to support Japan's efforts to reinvigorate growth. But the currency later rebounded after a G7 official was quoted in Washington as saying the statement had been "misinterpreted" and was instead intended as a warning to Japan. British officials, who brokered the statement, meanwhile insisted that the statement was "not about an individual country or currency". Japan's monetary policy has become the focus of the global currency tensions ahead of a meeting of G20 finance ministers and central bankers later this week in Moscow. Expectations that Tokyo will take firm action to combat deflation have led to a sharp sell-off in the Japanese yen, alarming the country's trading partners.
[Source: www.cnn.com]
India Posts USD20 Billion Trade Gap in January, One of its Widest: India’s trade deficit in January was $20 billion, the Director General of Foreign Trade Anup Pujari said, reporting one of the nation’s widest monthly shortfalls. Exports climbed 0.8% from a year earlier to USD25.6 bn while imports advanced 6.1% to USD45.6 bn, Pujari said at a briefing in New Delhi today as he delivered provisional data. India’s exports have been hampered by an uneven global recovery even as demand for oil and gold have stoked inward shipments.
Softlogic Equity Research Page | 7 7
Reserve Bank of India Governor Duvvuri Subbarao said this week that the “external sector is very vulnerable,” adding the current-account gap may widen to a record in the year through March 2013 from about 4.2% of gross domestic product in the previous 12-month period. “The worrying aspect is the widening trade deficit and petroleum imports are contributing to it,” Commerce Secretary S.R. Rao said at the trade briefing. “We are hopeful that exports will improve in the future.” India’s current-account shortfall, the broadest measure of trade, widened to an unprecedented USD22.31 billion in the quarter ended September 30.
[Source: www.bloomberg.com]
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Daily Stock Movements
Ticker Counter Open High Low Close Trades Volume Turnover
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