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Index 18th Nov 15th Nov Change % Change The Bourse ends on positive note … ASPI 5,824.48 5,810.97 13.51 0.23% S&P SL20 3,200.31 3,174.68 25.63 0.81% The Colombo bourse re-entered into the green terrain Market Statistics 18th Nov 15th Nov and closed the trading date on a positive note. The ASPI Value of Turnover(Rs.) 936,442,175 234,292,593 gained 13.51 points or 0.23% to enter the green terrain Domestic Purchases 801,840,456 166,486,154 and settled the day at 5,824.48. The S&P SL20 gained Domestic Sales 878,381,961 196,869,291 25.63 points or 0.81% to settle at 3,200.31. A total of 49 Foreign Purchases 134,601,719 67,799,909

Foreign Sales 58,060,214 37,416,772 companies gained during the day whereas 108 companies posted drops in share prices; Singer Volume of Turnover (No.) 143,648,036 19,776,603 PER 15.26 15.22 Industries (Ceylon) PLC (10.82%) led the price gainers, on PBV 2.01 2.01 the other hand Ceylon Printers PLC (-24.57%) led the price losers. As at the daily closure, the total market

capitalization as at the day’s closure moved up to LKR

7,000 2.42Tn, extending the year to date gain to 11.78%. The 5,812.84 5,816.04 5,829.05 5,810.97 5,820.46 6,000 market PER and PBV were 15.26x & 2.01x respectively.

5,000 The turnover for the day amounted to record LKR 4,000 936.4Mn, indicating a gain of 299.7% from its previously 3,000 3,190.66 3,178.28 3,185.96 3,174.68 3,214.18 recorded. Commercial Leasing & Finance PLC (CLC) 2,000 stood out as the top subscriber for the day providing 1,000 LKR 650.0Mn, while accounting a significant share of Sch890111149 0 69.4% of the day’s accumulated turnover. The counter 12th Nov 13th Nov 14th Nov 15th Nov 18th Nov was predominantly supported by two negotiated deal ASPI S&P SL20 worth of LKR 650.0Mn, being a result of 130Mn shares

blocked at price LKR 5.00/-, thereby assisting the counter

1,000 160 to top the highly traded counters for the day as well. CLC 140 closed the day at LKR 4.10/- , up by LKR 0.10/-. 800 120 Contributing LKR 90.9Mn, John Keells Holdings PLC

600 100 (JKH) secured the second place, with most of this traded

80 in by two blocks worth of LKR 74.8Mn resulted by 350K 400 60 40 shares being crossed at LKR 214.00/- and LKR213.50/-. 200 20 JKH closed the day at LKR 218.00/-, gaining 3.6%. The

0 0 total subscription provided by Nation Lanka Finance PLC

Rs.Mn 12th Nov 13th Nov 14th Nov 15th Nov 18th Nov Volume Mn (CSF) worth of LKR 19.2Mn, was a result of 2.4Mn shares Turnover Foreign Purchases Volume being dealt from prices ranging from LKR 7.80/- and LKR 8.10/-.

CSF settled the day at its intra-day low of LKR 7.80/- down by LKR 0.10/- or 1.3%. Moreover, the three prime th contributors for the turnover CLC, JKH & CSF accounted to more than 3/4 of the daily aggregate turnover.

Under the sectorial round-up, Bank Finance and Insurance (BFI) sector topped the list providing LKR 715.7Mn and

Diversified Holdings (DIV) sector stood next in line providing LKR 108.0Mn to the daily aggregate turnover. A total of 143.6Mn shares changed hands during the day resulting in a gain of 626.4% compared to the previous trading day. Nation Lanka Finance PLC (2.4Mn shares) & PC House PLC (2.1Mn shares) were also amidst the top subscribes to the daily volumes. Foreign participants appeared to be bullish during the day resulting in a net foreign inflow of LKR

76.5Mn, resulted by foreign buying of LKR 134.6Mn and selling of LKR 58.1Mn. This assisted the year to date net foreign inflow to reach LKR 22.67Bn. Looking at the local FOREX markets, the USD is selling at 132.74/- and is buying at LKR 129.48/ -.

Market Capitalisation Company Name Price Issued Qty Mkt Capitalization As a % (Total) JOHN KEELLS HOLDINGS PLC 214.50 989,977,201 212,350,109,614 9.30 CEYLON TOBACCO COMPANY PLC 1,069.50 187,323,751 200,342,751,694 8.77 NESTLE LANKA PLC 1,868.20 53,725,463 100,369,909,977 4.39 COMMERCIAL BANK OF CEYLON PLC 114.40 794,450,814 90,885,173,122 3.98

CARSON CUMBERBATCH PLC 380.00 196,386,914 74,627,027,320 3.27

DIALOG AXIATA PLC 9.00 8,143,778,405 73,294,005,645 3.21 SRI LANKA TELECOM PLC 38.70 1,804,860,000 69,848,082,000 3.06 THE BUKIT DARAH PLC 675.00 102,000,000 68,850,000,000 3.01 DISTILLERIES COMPANY OF SRI LANKA PLC 186.70 300,000,000 56,010,000,000 2.45 HATTON NATIONAL BANK PLC 144.50 319,251,393 46,131,826,288 2.02

Highest Volume Highest Turnover

Company Name Share Turnover (Rs) Company Name Trade Share Turnover (Rs) Vol. Vol. Vol. COMMERCIAL LEASING & FINANCE PLC 130,000,422 650,001,705.20 COMMERCIAL LEASING & FINANCE PLC 9 130,000,422 650,001,705.20 NATION LANKA FINANCE PLC 2,428,251 19,244,741.10 JOHN KEELLS HOLDINGS PLC 143 425,174 90,901,617.00 PC HOUSE PLC 2,100,994 1,470,697.00 NATION LANKA FINANCE PLC 296 2,428,251 19,244,741.10

PANASIAN POWER PLC 760,850 1,901,975.00 CHEVRON LUBRICANTS LANKA PLC 34 67,286 17,831,160.60

TESS AGRO PLC 545,377 817,849.30 DISTILLERIES COMPANY OF SRI LANKA PLC 30 92,318 17,209,016.00 RICHARD PIERIS AND COMPANY PLC 492,806 3,203,439.20 DFCC BANK 20 115,701 13,886,639.00 TESS AGRO PLC 471,563 47,657.00 LANKA IOC PLC 82 357,942 10,053,891.50 TOUCHWOOD INVESTMENTS PLC 465,752 1,453,915.10 CEYLON TOBACCO COMPANY PLC 27 8,837 9,444,667.00 JOHN KEELLS HOLDINGS PLC 425,174 90,901,617.00 LANKEM CEYLON PLC 11 60,756 8,498,668.00 CENTRAL INVESTMENTS & FINANCE PLC 363,136 394,273.90 SAMPATH BANK PLC 55 46,925 7,746,798.50

Top Gainers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) SINGER IND. 110.00 121.90 11.90 10.82 122.10 118.00 525 63,984.00 COMMERCIAL DEV. 65.20 71.80 6.60 10.12 71.80 65.20 2 137.00 FINLAYS COLOMBO 276.00 298.90 22.90 8.30 299.90 221.10 83 24,812.80 ELPITIYA 17.10 18.40 1.30 7.60 18.50 17.80 98,513 1,795,513.80

LANKAORIXFINANCE 2.80 3.00 0.20 7.14 3.00 3.00 1 3.00

Top Losers Company Name VWA Prev VWA Days Change Change High Low No. of Turnover Close Close (Rs.) % (Rs.) (Rs.) Shares (Rs.) CEYLON PRINTERS 1,750.00 1,320.00 (430.00) (24.57) 1,320.00 1,320.00 6 7,920.00 MET. RES. HOL. 23.50 20.10 (3.40) (14.47) 20.30 20.00 4,700 94,330.00

ON'ALLY 49.90 43.50 (6.40) (12.83) 43.50 43.50 200 8,700.00

CEYLON LEATHER [W] 1.90 1.70 (0.20) (10.53) 1.70 1.70 805 1,368.50 THE FINANCE CO 9.70 8.70 (1.00) (10.31) 9.60 8.70 42,974 376,984.90

Market Highlights - Sector Wise

Sector Price Index Turnover Sector Today Privious Value (Rs) Volume Trades P/E PBV BANK FINANCE AND INSURANCE 12,603.93 12,596.17 715,698,254 134,117,978 1,166 7.90 1.40 BEVERAGE FOOD AND TOBACCO 18,824.32 18,870.07 30,485,696 298,488 243 21.00 6.10

CONSTRUCTION AND ENGINEERING 2,785.85 2,803.78 2,192,552 96,249 47 13.60 1.60

CHEMICALS AND PHARMACEUTICALS 6,489.00 6,429.77 9,173,264 175,207 49 7.50 1.30 DIVERSIFIED HOLDINGS 1,761.84 1,733.27 107,977,963 2,002,582 531 21.10 1.90 FOOTWEAR AND TEXTILE 758.14 779.39 269,713 22,872 29 0.00 0.90 HOTELS AND TRAVELS 3,205.43 3,213.31 2,770,965 198,801 192 46.00 3.10

HEALTH CARE 706.88 707.49 4,658,877 208,421 52 28.40 2.60

INVESTMENT TRUSTS 18,524.81 18,755.75 2,341,379 218,817 102 19.50 1.10 INFORMATION TECHNOLOGY 63.33 62.77 1,581,368 2,112,905 145 10.60 0.90 LAND AND PROPERTY 546.62 548.50 6,150,554 758,542 215 10.50 0.90 MANUFACTURING 2,860.01 2,867.11 25,099,285 521,655 455 12.90 1.80 MOTORS 14,649.51 14,767.06 1,254,226 10,884 20 7.30 1.10

OIL PALMS 98,384.95 98,384.95 15,445 22 3 89.70 4.50

POWER & ENERGY 118.70 121.35 15,881,762 1,322,212 247 12.00 1.50 PLANTATIONS 705.37 706.89 7,914,327 396,430 295 6.70 0.70 STORES SUPPLIES 19,492.80 19,524.42 355,169 742 15 18.50 1.70 SERVICES 22,373.97 22,461.34 24,492 5,167 14 8.40 1.70

TELECOMMUNICATIONS 158.66 158.56 1,187,160 131,252 24 15.00 1.40

TRADING 13,671.03 13,733.60 1,408,417 1,048,790 141 10.90 1.30

Exchange Rates Indicative Rates

18th November 15th November 18th Nov 15th Nov Currency Currency Buying Selling Buying Selling Ind: Value Ind: Value

Dollar (USA) 129.48 132.74 129.47 132.73 Yuan (China) 21.52 21.52

Pound (UK) 207.96 214.52 207.36 213.91 Rupee (India) 2.08 2.08 Euro (EU) 173.50 179.75 173.12 179.36 Won (Korean) 0.12 0.12 Franc (Sw itzerland) 140.47 146.03 140.18 145.72 Dinar (Kuw ait) 462.43 462.83 Dollar (Canada) 123.36 127.92 122.98 127.54 Ringgit (Malay) 41.00 40.99

Dollar (Australia) 120.43 125.32 119.98 124.87 Rial (Oman) 340.52 340.52 Dollar (Singapore) 103.29 106.98 103.31 107.01 Riyal (Qatar) 36.01 36.01 Yen (Japan) 1.29 1.33 1.29 1.33 Riyal (KSA) 34.96 34.96 Dirham (UAE) 35.69 35.69

Central Bank's Policy Rates

Description Rate ( Per Annum) Central Bank Repurchase (Repo) Rate 6.50

Central Bank Reverse Repurchase (Reverse Repo) Rate 8.50

Bank Rate 15.00 Statutory Reserve Ratio (SRR) 6.00

Treasury Bills AWPLR AWDR

This week Last week This Week Last week This Month Last Month 91 Days - - Weekly 11.23 11.25 Monthly 9.79 9.93 182 Days 8.89 8.94 Monthly 11.45 11.84 6 Months 10.26 10.41

364 Days 9.79 9.82 6 Months 12.10 12.45 1 Year 12.38 12.57

Colombo Consumers’ Price Index (CCPI)

2013 2012 Description August September October August September October

Year on Year Change 6.30 6.20 6.70 9.50 9.10 8.90

Annual Average Change 8.00 7.80 7.60 6.30 6.50 6.80

SLIBOR &

Description Over Night 7 Days 1 M 3 M 6 M 12 M

SLIBOR (18th November) (%) 7.88 8.45 9.27 10.12 10.81 11.74

LIBOR - GBP (15th November) (%) 0.46750 0.47563 0.48875 0.52406 0.60063 0.87875 LIBOR - USD (15th November) (%) 0.10490 0.12925 0.16750 0.23810 0.35140 0.58410

(CBSL.lk, Global-rates.com)

Foreign Stock Exchanges Country Foreign Markets- Index 15-Nov-13 % Change 14-Nov-13 % Change 13-Nov-13

USA Dow Jones Indus. AVG 15,961.70 0.54% 15,876.22 0.35% 15,821.63 USA NASDAQ Composite Index 3,985.97 0.33% 3,972.74 0.18% 3,965.58 Europe Euro Stoxx 50 Pr 3,054.53 0.03% 3,053.69 1.08% 3,021.17

UK FTSE 100 6,693.44 0.41% 6,666.13 0.54% 6,630.00

Japan Nikkei 225 15,165.92 1.95% 14,876.41 2.12% 14,567.16 Hong Kong Hang Seng Index 23,032.15 1.69% 22,649.15 0.82% 22,463.83 China CSI 300 Index 2,350.73 2.01% 2,304.50 0.72% 2,288.12

Pakistan Karachi 100 Index N/A N/A N/A N/A 23,287.06

India BSE Sensex Index N/A N/A 20,399.42 1.02% 20,194.40 Singapore Straits Times Index 3,201.27 0.32% 3,191.08 0.77% 3,166.74 Malaysia FTSE Bursa Malaysia EMAS 12,475.64 0.29% 12,439.77 0.15% 12,420.58

Mongolia MSE Top 20 Index 14,421.91 -0.59% 14,507.17 -1.07% 14,664.54

Bloomberg

Rubber Prices - 5 November 2013 World Commodity Prices

Grade Price Range (Rs) Commodity 18-Nov-13 15-Nov-13 14-Nov-13 LC No.1X 405.00 - 408.00 Brent Crude Oil 108.55 108.54 107.12 LC No.1 400.00 - 408.00 WTI Crude Oil 93.84 93.76 93.88 LC No.2 387.00 - 400.00 Gold 1,287.30 1,286.20 1,268.30

LC No.3 340.00 - 385.00 Silver 20.72 20.71 20.43

LC No.4 255.00 - 260.00 Copper 3.17 3.16 3.16

SC (Br) No.1 255.00 - 258.00 Tourist Arrivals to Sri Lanka SC (Br) No.2 250.00 - 255.00 SC (Br) No.3 252.00 - 255.00 SC (Br) No.4 250.00 - 250.00 Month 2011 2012 2013 Skim Crepe 183.00 - 208.00 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

Tea Prices July 83,786 90,338 98,944

Elevation Sale No : 44 Sale No : 43 August 72,463 79,456 100,224 Uva High 405.81 406.59 September 60,219 71,111 89,761 Western High 460.94 457.38 October 69,563 80,379 Uva Medium 458.75 478.62 November 90,889 109,202 Western Medium 434.88 435.24 December 97,517 122,252

Low Grow n 515.18 559.38 Total 855,975 1,005,605 801,210

Sri Lanka tourist arrivals reaching a million in November

Sri Lankan tourism official confirmed that its tourist arrivals have topped 904,000 and is reaching towards a million tourists by the end of November 2013. Sri Lanka is targeting 1.2 million tourist arrivals in 2013 up from a million in 2012. Accordingly, Sri Lanka had earned a billion US dollars in tourism revenues in 2012 and 1.5 billion US dollars is expected this year. The average stay has moved up to 10.5 nights this year from 10 days last year. The average spend per day was 109 US dollars compared to 65 in 2009. Sri Lanka's arrivals have been boosted by reasonably priced accommodation and internet booking engines which has brought price transparency. (LBO) (reuters.com)

EU warns Spain and Italy over their budget plans

The European Commission, the European Union's executive arm, has warned Spain and Italy that their draft budgets for 2014 may not comply with new debt and deficit rules. It also said French and Dutch plans only just passed muster. Non-complying countries may have to revise their tax and spending plans before re-submitting them to national parliaments. It is the first time the Commission has done this. (.co.uk)

UK economy 'long way' from normality, says BoE's Fisher

The economy is "a long way" from normality, the 's Paul Fisher has warned, a day after the Bank raised its economic growth forecast. Speaking on Radio 5 live's Wake up To Money, the Bank's director of markets also said the timing of an interest rates rise was "extremely uncertain". On Wednesday, the Bank raised its growth forecast for this year from 1.4% to 1.6%, and 2014 from 2.5% to 2.8%. It also said the unemployment rate could fall to 7% as early as next year. Governor Mark Carney has previously said the Bank will not consider raising interest rates until the jobless rate falls to 7% or below. But Mr Fisher pointed out that the Bank's forecasts saw only a 40% chance that 7% unemployment would be reached in 2014, and said the figure should be seen as a "threshold, not a trigger" for an interest rate rise. (bbc.co.uk)

Chinese markets cheer bold reform plan

Enthusiasm swept through Chinese markets Monday as investors cheered the release of an ambitious blueprint that will guide economic reforms in China over the next decade. Reacting to the plan, which addresses social and economic trouble spots from polluted air to land rights, investors pushed stocks in Shanghai and Hong Kong to gains of almost 3%. (money.cnn)

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Nishantha Warnakulasuriya [email protected] 0094 112429137

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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.