Asha Phillip Securities
Transcription
Asha Phillip Securities
Index 05th Aug 02nd Aug ASPI 6,114.18 6,155.82 (41.64) -0.68% S&P SL20 3,471.47 3,490.57 (19.10) -0.55% Change % Change Market Statistics 05th Aug 02nd Aug Value of Turnover(Rs.) 288,422,418 399,443,334 Domestic Purchases 174,315,050 155,926,299 Domestic Sales 145,061,106 276,548,208 Foreign Purchases 114,107,369 243,517,036 Foreign Sales 143,361,313 122,895,126 Volume of Turnover (No.) 16,202,478 43,611,042 PER 16.18 16.29 PBV 2.17 2.19 7,000 6,055.48 6,037.22 6,156.60 6,155.82 6,114.18 6,000 5,000 4,000 3,000 2,000 3,432.03 3,432.93 3,477.57 3,490.57 3,471.47 1,000 0 30th July 31st July 01st Aug 02nd Aug 05th Aug Sch890111149 ASPI S&P SL20 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Rs.Mn 80 70 60 50 40 30 20 10 0 30th July 31st July 01st Aug 02nd Aug 05th Aug Turnover Foreign Purchases Volume Volume Mn The bourse re-enters the negative region… The trading day initiated on an adverse sentiment, leading the indices to drown further to the red terrain. The market witnessed a downturn from its early hours of trading, mainly due to the lethargic investor participation and the heavy selling pressure which persisted. ASPI settled the trading day at its intraday low of 6,114.18, dipping by 41.64 points or 0.68%. Following a similar pattern the S&P SL20 closed within the negative territory at 3,471.47, losing 19.10 points or 0.55%. The total market capitalization stood at LKR 2.35Tn, reducing the year to date gain to 8.55%. The market PER and PBV were 16.18x and 2.17x respectively. The turnover for the day was recorded as LKR 288.42Mn, indicating a drop of 27.79% against the previous trading day. By accounting a share of 20.25% of the daily aggregated turnover, Access Engineering PLC (AEL) added LKR 58.39Mn while dominating the list. While being the top sought after counter for the day with a traded volume of 2.84Mn shares, AEL also managed to capture the highest retailer interest logging 119 trades; this was amidst the counter declaring its final dividend of LKR 0.25/- for the FY 2012/13. Having traded between a highest traded price of LKR 20.80/- and a low of LKR 20.50/-, AEL settled at 20.60/- (up by LKR 0.10/- or 0.49%). Chevron Lubricants Lanka PLC (LLUB) stood second providing LKR 39.93Mn, whilst closing the day at LKR 306/down by LKR 4/- or 1.29%. Ceylon Tobacco Company PLC (CTC) also made a notable contribution of LKR 35.34Mn to the daily turnover; CTC closed the trading day at LKR 1,200/(flat), having touched a highest trading price of LKR 1,215/-. Furthermore, the turnover values recorded by the top three contributors for the day AEL, LLUB and CTC accounted to nearly half (½) of the day’s total turnover. Under the sectorial round-up, Bank Finance & Insurance (BFI) sector topped the list providing LKR 68.94Mn, whilst accounting to nearly 1/4 of the day’s total turnover. Further, Construction & Engineering (C&E) sector provided LKR 58.75Mn, and stood next in line under the top subscriber list for the day. The two sectors BFI and C&E collectively made account to 44.27% of the aggregated turnover for the day. During the day, a total of 16.20Mn shares changed hands resulting in a drop of 62.85% against the previous trading day. PC Pharma PLC & Panasian Power PLC secured their position next to AEL under the top traded counters for the day with 2.78Mn shares and 1.95Mn shares respectively being traded. In terms of share price movement, 134 companies lost while 50 companies gained within the trading day. SMB Leasing PLC Non-Voting (33.33%) took the lead under the list of gainers, on the contrary Kuruwita Textile Mills PLC (14.55%) led the losers. Foreign participants were bearish during the day, resulting in a net foreign outflow of LKR 29.25Mn (Foreign buying for the day amounted to LKR 114.11Mn and selling amounted to LKR 143.36Mn); this reduced the year to date net foreign inflow to 15.95Bn. AEL witnessed a net foreign selling worth LKR 51.41Mn for the 4th consecutive trading day, while leading the top net sellers during the day; on the other hand JKH topped the net buyer’s list witnessing foreign interest worth LKR 11.47Mn. As at the day’s closure, the USD stood at LKR 133.20/selling and LKR 130.00/- buying. Market Capitalisation Company Name Price JOHN KEELLS HOLDINGS PLC Issued Qty Mkt Capitalization As a % (Total) 267.90 857,775,904 229,798,164,682 9.66 CEYLON TOBACCO COMPANY PLC 1,200.00 187,323,751 224,788,501,200 9.45 NESTLE LANKA PLC 1,950.00 53,725,463 104,764,652,850 4.40 COMMERCIAL BANK OF CEYLON PLC 119.00 794,101,192 94,498,041,848 3.97 CARSON CUMBERBATCH PLC 411.50 196,386,914 80,813,215,111 3.40 39.50 1,804,860,000 71,291,970,000 3.00 SRI LANKA TELECOM PLC DIALOG AXIATA PLC 8.70 8,143,778,405 70,850,872,124 2.98 THE BUKIT DARAH PLC 685.60 102,000,000 69,931,200,000 2.94 DISTILLERIES COMPANY OF SRI LANKA PLC 190.20 300,000,000 57,060,000,000 2.40 AITKEN SPENCE PLC 124.00 405,996,045 50,343,509,580 2.12 Highest Volume Company Name Highest Turnover Share Turnover (Rs) Company Name Vol. ACCESS ENGINEERING PLC 2,841,484 58,393,193.20 PC PHARMA PLC 2,780,599 4,172,948.50 PANASIAN POWER PLC ACCESS ENGINEERING PLC Trade Share Vol. Vol. Turnover (Rs) 119 2,841,484 58,393,193.20 CHEVRON LUBRICANTS LANKA PLC 36 129,448 39,933,254.40 1,951,613 4,315,164.50 CEYLON TOBACCO COMPANY PLC 60 29,423 35,339,257.50 SWARNAMAHAL FINANCIAL PLC 854,350 1,535,562.60 HATTON NATIONAL BANK PLC (X) 72 176,117 19,379,486.20 SMB LEASING PLC (X) 792,761 238,229.40 110 553,784 15,525,752.60 LAUGFS GAS PLC 553,784 15,525,752.60 JOHN KEELLS HOLDINGS PLC 39 47,744 12,765,335.00 PC HOUSE PLC 530,750 604,140.00 CENTRAL FINANCE COMPANY PLC 10 54,633 9,893,157.60 NATION LANKA FINANCE PLC 483,697 4,062,635.20 COMMERCIAL BANK OF CEYLON PLC 41 50,241 5,966,430.10 LANKA ORIX FINANCE PLC 430,956 1,292,997.90 DISTILLERIES COMPANY OF SRI LANKA PLC 18 24,936 4,743,275.30 EXPOLANKA HOLDINGS PLC 319,989 2,171,995.40 JANASHAKTHI INSURANCE COMPANY PLC 48 307,941 4,322,620.70 LAUGFS GAS PLC Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Close Close (Rs.) % (Rs.) (Rs.) Shares S M B LEASING [X] Turnover (Rs.) 0.30 0.40 0.10 33.33 0.40 0.30 792,761 238,229.40 SAMSON INTERNAT. 90.20 97.90 7.70 8.54 97.90 97.90 2 195.80 UNION ASSURANCE 93.30 99.00 5.70 6.11 99.00 99.00 1 99.00 1.90 2.00 0.10 5.26 2.10 1.90 122,833 245,564.80 27.60 28.90 1.30 4.71 28.90 28.90 20 578.00 ASIA ASSET PRINTCARE PLC Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Close Close (Rs.) % (Rs.) (Rs.) Shares KURUWITA TEXTILE GOOD HOPE Turnover (Rs.) 22.00 18.80 (3.20) (14.55) 18.80 18.80 1 18.80 1,285.00 1,102.20 (182.80) (14.23) 1,112.20 1,100.00 11 12,124.40 0.80 0.70 (0.10) (12.50) 0.80 0.70 30,292 22,226.50 69.00 60.70 (8.30) (12.03) 65.50 60.00 61,321 3,768,214.30 0.90 0.80 (0.10) (11.11) 0.90 0.80 126,391 101,806.80 S M B LEASING CENTRAL IND. ENVI. RESOURCES [W3] Market Highlights - Sector Wise Sector Price Index Today Turnover Privious Value (Rs) Sector Volume Trades P/E PBV BANK FINANCE AND INSURANCE 13,083.47 13,203.76 68,939,613 4,235,214 1,125 9.80 1.70 BEVERAGE FOOD AND TOBACCO 20,324.74 20,427.07 44,796,006 99,776 175 22.80 6.60 CONSTRUCTION AND ENGINEERING 2,811.41 2,805.40 58,746,634 2,851,856 135 13.70 1.60 CHEMICALS AND PHARMACEUTICALS 6,864.54 6,889.05 4,627,245 2,806,765 43 7.90 1.40 DIVERSIFIED HOLDINGS 1,966.21 1,966.05 18,054,894 739,653 239 24.40 2.40 830.24 838.82 2,916,958 184,326 90 0.00 1.00 3,249.89 3,320.99 3,313,527 316,355 229 31.60 1.90 FOOTWEAR AND TEXTILE HOTELS AND TRAVELS HEALTH CARE 661.26 663.38 1,159,519 157,707 44 25.70 2.50 18,765.29 18,802.23 3,473,067 193,744 95 30.50 1.40 51.21 51.21 700,583 546,531 38 8.60 0.80 570.24 583.47 1,603,068 140,336 97 9.70 0.90 3,041.41 3,064.30 54,621,221 1,045,541 453 12.90 1.90 MOTORS 15,773.88 15,858.88 185,845 1,074 12 4.00 1.40 OIL PALMS 96,209.64 98,596.94 151,913 214 11 83.00 6.80 POWER & ENERGY 114.66 114.59 22,297,736 2,636,903 253 15.10 1.50 PLANTATIONS 727.05 731.56 1,258,818 92,874 130 9.50 0.80 STORES SUPPLIES 23,526.19 24,027.19 420,556 1,465 23 32.40 2.10 SERVICES 24,398.11 24,626.77 355,558 48,097 39 9.50 1.90 158.95 159.46 305,178 32,600 24 14.90 1.50 15,345.28 15,352.53 424,575 70,422 30 12.20 1.50 INVESTMENT TRUSTS INFORMATION TECHNOLOGY LAND AND PROPERTY MANUFACTURING TELECOMMUNICATIONS TRADING Exchange Rates Indicative Rates 05th August Currency Buying 02nd August Selling Buying Currency Selling 05th August 02nd August Ind: Value Ind: Value Dollar (USA) 130.00 133.20 130.02 133.22 Yuan (China) 21.48 21.47 Pound (UK) 198.05 203.87 196.06 201.82 Rupee (India) 2.15 2.18 Euro (EU) 171.72 177.47 170.88 176.61 Won (Korean) 0.12 0.12 Franc (Sw itzerland) 138.83 144.20 137.75 143.09 Dinar (Kuw ait) 462.81 462.81 Dollar (Canada) 124.22 128.74 124.86 129.40 Ringgit (Malay) 40.47 40.48 Dollar (Australia) 114.39 118.87 114.95 119.45 Rial (Oman) 341.80 341.80 Dollar (Singapore) 101.61 105.18 101.39 104.93 Riyal (Qatar) 36.14 36.14 1.31 1.35 1.30 1.35 Riyal (KSA) 35.09 35.09 Dirham (UAE) 35.83 35.83 Yen (Japan) Central Bank's Policy Rates Description Rate ( Per Annum) Central Bank Repurchase (Repo) Rate 7.00 Central Bank Reverse Repurchase (Reverse Repo) Rate 9.00 Bank Rate 15.00 Statutory Reserve Ratio (SRR) 6.00 Treasury Bills AWPLR This week Last week This Week AWDR Last week This Month Last Month 91 Days - - Weekly 11.79 11.79 Monthly 10.43 10.56 182 Days - - Monthly 12.47 13.11 6 Months 10.61 10.61 364 Days 10.52 13.59 13.89 1 Year 13.36 13.61 10.56 6 Months Colombo Consumers’ Price Index (CCPI) Description 2013 May 2012 June July May June July Year on Year Change 7.30 6.80 6.10 7.00 9.30 9.80 Annual Average Change 8.80 8.60 8.30 5.60 5.80 6.00 1M 3M 6M 12 M 10.15 11.39 12.19 12.88 SLIBOR & LIBOR Description SLIBOR (05th August) (%) Over Night 8.74 7 Days 9.26 LIBOR - GBP (02nd August) (%) 0.47875 0.48563 0.49250 0.51125 0.58675 0.86375 LIBOR - USD (02nd August) (%) 0.11703 0.15033 0.18593 0.26660 0.39650 0.67419 (CBSL.lk, Global-rates.com, CBSL ) Country Foreign Markets- Index USA Dow Jones Indus. AVG USA 2-Aug-13 % Change 1-Aug-13 % Change 31-Jul-13 15,658.36 0.19% 15,628.02 0.83% 15,499.54 NASDAQ Composite Index 3,689.59 0.38% 3,675.74 1.36% 3,626.37 Europe Euro Stoxx 50 Pr 2,811.00 0.08% 2,808.64 1.46% 2,768.15 UK FTSE 100 6,647.87 -0.51% 6,681.98 0.92% 6,621.06 Japan Nikkei 225 14,466.16 3.29% 14,005.77 2.47% 13,668.32 Hong Kong Hang Seng Index 22,190.97 0.46% 22,088.79 0.94% 21,883.66 China CSI 300 Index 2,247.26 0.08% 2,245.36 2.39% 2,193.02 Pakistan Karachi 100 Index N/A N/A 23,091.86 -0.95% 23,312.77 India BSE Sensex 30 Index 19,164.02 -0.79% 19,317.19 -0.15% 19,345.70 Singapore Straits Times Index 3,254.13 0.33% 3,243.29 0.66% 3,221.93 Malaysia FTSE Bursa Malaysia EMAS 12,404.58 0.29% 12,368.98 0.30% 12,331.38 Bangladesh DSE General Index DGEN N/A N/A N/A N/A 4,342.31 Mongolia MSE Top 20 Index 14,276.57 -0.62% 14,365.05 -0.34% 14,414.23 Bloom berg Rubber Prices - 01st August 2013 Grade World Commodity Prices Price Range (Rs) Commodity LC No.1X 400.00 - 400.00 Brent Crude Oil LC No.1 395.00 - 400.00 WTI Crude Oil LC No.2 375.00 - 385.00 Gold LC No.3 345.00 - 350.00 Silver LC No.4 320.00 - 328.00 Copper SC (Br) No.1 315.00 - 315.00 RS Sheet No.1 400.00 - 405.50 RS Sheet No.4 350.00 - 350.00 Sale No : 28 2-Aug-13 1-Aug-13 108.95 109.54 107.70 106.94 107.89 105.03 1,310.60 1,311.00 1,312.40 19.90 19.62 19.62 3.17 3.16 3.12 Tourist Arrivals to Sri Lanka Month Tea Prices Elevation 5-Aug-13 Sale No : 27 2011 2012 2013 January 74,197 85,874 97,411 February 65,797 83,549 93,232 March 75,130 91,102 98,155 April 63,835 69,591 79,829 May 48,943 57,506 70,026 June 53,636 65,245 73,628 July 83,786 90,338 August 72,463 79,456 Uva High 358.85 338.27 September 60,219 71,111 Western High 395.90 377.35 October 69,563 80,379 Uva Medium 378.66 360.12 November 90,889 109,202 Western Medium 351.92 348.49 December 97,517 122,252 Low Grow n 444.61 433.79 Total 855,975 1,005,605 512,281 Sri Lankan President opens Chinese-built Colombo-South Harbor Sri Lankan President Mahinda Rajapaksa declared open the Chinese-built Colombo-South Harbor propelling Sri Lanka to become a major shipping hub in the region. The US$ 500 million project was launched in 2006 to cater for the increasing demands of services in the international shipping industry. The port built with a partnership between the government and China Merchant Holdings International is designed to handle mega ships over 18,000, 20-foot container capacity. The facilities at the new port will make it the only port in South Asia with deep water terminal for the mega container ships. The new breakwater has a depth of 18 meters, compared to the previous 14 to 15 meters, enabling it to handle bigger cargo ships that require deeper docking berths. The main terminal was built by the private sector and the all three terminals each having 1200m length and facilities to accommodate 3 berths alongside of the port can handle 75 million TEU per year. (colombopage.com) US employment up by 162,000 in July The US economy added 162,000 new jobs in July. The figure - which measures the number of jobs outside the US farming sector - was below economists' expectations of more than 180,000 and the government also cut its previous estimates for hiring in May and June. Nonetheless, the new jobs helped the unemployment rate to fall to 7.4%. That was down from 7.6% and is the lowest jobless rate in four years. The news adds to the picture of a slowly growing US economy and may make its central bank more likely to end its monetary stimulus programme. The Federal Reserve is currently buying $85bn a month in bonds which helps to keep borrowing costs low. Earlier this week, figures showed that the US economy grew at a faster-than-expected annualized pace of 1.7% in the second quarter of the year. That was up from the growth rate for the first three months of 2013, which was revised lower to 1.1% from 1.8%. (bbc.co.uk) House prices rise 3.9% in a year UK house prices recorded their biggest year-on-year increase for nearly three years in July. Annual price growth hit 3.9%, which meant the average home cost £170,825. Average prices rose by 0.8% compared with June. Property prices a year ago were falling, so this was part of the explanation behind the large annual change. That average prices were 12% higher than the lows seen during the financial crisis. The latest figures do not suggest a return to a housing boom - prices remain 10% lower than the record highs of 2007. (bbc.co.uk) India eases foreign investment rules in retail sector India has eased key rules on foreign direct investment in multi-brand retail in an attempt to attract foreign firms as it looks to boost economic growth. Rules governing sourcing of products, infrastructure investment and selection of cities have been relaxed. India had opened up multi-brand retail to foreign investors last year, but no foreign supermarket chain has yet entered the country. The move also triggered a series of protests in India. The previous rules made it mandatory for foreign supermarkets to source 30% of their products from small Indian firms. The government has retained that requirement, but said foreign firms will be given five years in which to reach that target, giving them the option of importing goods from overseas initially. Global chains will also have to put 50% of their initial investment in to building back-end infrastructure such as cold storage facilities. Foreign retailers will also be allowed to set up shop in cities with a population of less than one million, which they had been barred from earlier. (bbc.co.uk) Vice President – Business Development Manager - Research Thakshila Hulangamuwa [email protected] Pasindu Perera [email protected] 0094 113070494 0094 112429109 Research Team Lasantha Senanayake [email protected] 0094 112429129 Anurudhdha Basnayake [email protected] 0094 112429137 Nishantha Warnakulasuriya [email protected] 0094 112429137 Head Office: Southern Region (Matara) Branch Office: Batticaloa # 24-1/3, A, 2nd Floor, E.H. Cooray Tower, Anagarika Dharmapala Mw, Matara. Tel: 041 2235191-6 #22B Bar Road, Batticaloa, Tel: 065 2228029 Branch Office: Jaffna Branch Office: Matara 1st Floor, # 398/1, Hospital Road, Jaffna. Tel: 021 2221614 # 38, Station Road, Matara. Tel. 041 2223940 Branch Office: Vavuniya Branch Office: Negombo 1st Floor, # 60, 1st Cross Street, Vavuniya. Tel: 024 2226031 # 142, Greens Road, Negombo. Tel. 031 2227474 Branch Office: Badulla Branch Office: Gampaha # 21, Courts Road, Gampaha. Tel. 033 2234888 # 33/3, 2nd Floor, Modern Complex, Badulla. Tel: 055 2222009 Branch Office: Kiribathgoda Branch Office: Wellawatte Udeshi City Shopping Complex, 2nd Floor, 2-14, No. 94, Makola Road, Kiribathgoda. Tel. 011 2908511 # 3-1/2, Collingwood Place, Colombo 06. Tel: 0112 362939 Branch Office: Panandura Branch Office: Kurunegala # 465, Galle Road, Panandura. Tel: 038 2234780 No. 6, 1st Floor, Union Assurance Bldg, Rajapihilla Mawatha, Kurunegala. Tel. 037 2234777 Branch Office: Ambalanthota # 153, Tissa Road, Ambalanthota. Tel: 047-2225170 Branch Office: Kandy Ceybank House, # 88, Dalada Vidiya, Kandy. Tel. 081 4474118 Branch Office: Wattala # 118, Negombo Road, Wattala. Tel: 011-2930099 Branch Office: Galle # 16, Sri Dewamittha Mw, Galle. Tel. 091 2233558 Branch Office: Embilipitiya Branch Office: Anuradhapura # 61, Sampath Bank Bldg. Main Street, Embilipitiya. Tel. 047 2261950 # 9, Maithripala Senanayaka Mw, Bank Site, New Town, Anuradhapura. Tel. 025 2234705 This document has been prepared and issued by Asha Phillip Securities Ltd, on the basis of publicly available information, internally developed data and other sources, believed to be reliable. Whilst all responsible care has been taken to ensure that the facts stated are accurate and the opinions given are fair and reasonable neither Asha Phillip Securities Ltd, nor any Director Officer or employee, shall in any way be responsible for the contents. Asha Phillip Securities Ltd may act as a Broker in the investments which are the subject of this document or related investments and may have acted upon or used the information contained in this document, or the research or analysis on which it is based, before its publication. Asha Phillip Securities Ltd., Its Directors, Officers or Employees may also have a position or be otherwise interested in the investments referred to in this document. This is not an offer to sell or buy the investments referred to in this document.