ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES
Weekly Market Review 13 May 2021
ASPI V 0.19% | S&P SL20 V 0.21%
Key statistics… P1
The Bourse ended the week... Cont. P2
Weekly foreign movement... Cont. P3
Economic Snapshot………… P5
KEY STATISTICS
Week ending 13-May 07-May +/-
ASPI 7,228.23 7,242.00 -0.19% S&P SL20 2,869.52 2,875.64 -0.21% Banks 603.13 602.78 0.06% Capital Goods 1,163.54 1,172.16 -0.74% Food,Beverage & Tobacco 945.30 944.58 0.08% Consumer Durables & Apparel 1,161.39 1,161.30 0.01% Materials 1,590.18 1,589.20 0.06% Diversified Financials 1,224.62 1,231.25 -0.54% Turnover (LKR Bn) 6.52 10.54 -38.21% Foreign Buying (LKR Mn) 488.36 307.79 58.67% Foreign Selling (LKR Mn) 1,559.93 2,369.17 -34.16% Daily Average Turnover (LKR Bn) 1.63 2.11 -22.77% Daily Average Foreign Buying (LKR Mn) 122.09 61.56 98.33% Daily Average Foreign Selling (LKR Mn) 389.98 473.83 -17.70%
TOP 10 GAINERS TOP 10 LOSERS
Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change KOTAGALA KOTAN 5.6 6.6 17.9% BLUE DIAMONDS[NV] BLUEX 0.4 0.3 -25.0% CDB CDB N 111.8 127.8 14.3% LIGHTHOUSE HOTEL LHL N 35.0 30.1 -14.0% BERUWALA RESORTS BERUN 0.7 0.8 14.3% CONVENIENCE FOOD SOY N 1210.0 1047.0 -13.5% MASKELIYA MASKN 12.0 13.3 10.8% RADIANT GEMS RGEM 27.7 24.0 -13.4% BOGALA GRAPHITE BOGAN 24.0 26.5 10.4% NATION LANKA CSF N 0.8 0.7 -12.5% MADULSIMA MADUN 8.1 8.9 9.9% AMF CO LTD AMF N 233.5 205.5 -12.0% DOLPHIN HOTELS STAFN 21.1 23.1 9.5% SERENDIB HOTELS SHOTN 14.0 12.4 -11.4% CDB[NV] CDB X 72.0 78.8 9.4% ANILANA HOTELS ALHPN 1.1 1.0 -9.1% BOGAWANTALAWA BOPLN 11.0 12.0 9.1% E - CHANNELLING ECL N 5.5 5.0 -9.1% BALANGODA BALAN 13.4 14.6 9.0% SHALIMAR SHALN 1203.2 1102.5 -8.4%
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ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES
Weekly Market Review 13 May 2021
Market Review
Indices | Indices vs. Turnover (10th May – 13th May)
The Bourse ended the week on a negative note this week with ASPI decreasing by 13.77 points (or 0.19%) to close at 7,228.23 points, while the S&P SL20 Index also ASPI decreased by 6.12 points (or 0.21%) to close at 2,869.52 points. 7,600 S&P SL20 3,100
7,460 3,030 S&P SL20
Turnover & Market Capitalization | ASPI 7,320 2,960
HNB (NV) was the highest contributor to the week’s turnover value, contributing 7,180 2,890
LKR 0.89Bn or 13.63% of total turnover value. Browns Invstmnts followed suit, 7,040 2,820 accounting for 13.14% of turnover (value of LKR 0.86Bn) while Royal Ceramic 6,900 2,750 contributed LKR 0.72Bn to account for 11.06% of the week’s turnover. Total 10-May 11-May 12-May 13-May turnover value amounted to LKR 6.52Bn (cf. last week’s value of LKR 10.54Bn), 3.50 while daily average turnover value amounted to LKR 1.63Bn (-22.77%W-o-W) 2.80 2.10
compared to last week’s average of LKR 2.11Bn. Market capitalization meanwhile, 1.40 LKR Bn) LKR
(Turnover 0.70 decreased by 0.15% W-o-W (or LKR 4.74Bn) to LKR 3,189.32 Bn cf. LKR 3,194.06 0.00 10-May 11-May 12-May 13-May Bn last week. Liquidity (Value & Volume) |
Capital Goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 25.46% (or LKR 1.66Bn) of market turnover. Industry Group’s turnover was driven primarily by Royal Ceramic, JKH and Hayleys which accounted for 77.37% of the sector’s total turnover. Banks Industry Group meanwhile accounted for 20.35% of the total turnover value while Food, Beverage & Tobacco Group contributed 19.61% to the weekly turnover. The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 35.25% (or 138.72Mn shares) of total volume, with a value contribution of LKR 1.28Bn. The Diversified Financials Industry Group followed suit, adding
29.35% to total volume (115.52 Mn shares) while Capital Goods Industry Group contributed 8.89% (34.98Mn shares) to the weekly share volume.
Net Foreign Position | Foreign investors were net sellers this week with total net outflow amounting to LKR 1.07Bn relative to last week’s total net outflow
of LKR 2.06Bn (48.0% W-o-W). Total foreign purchases increased by 58.7% W-o-W to LKR 0.49Bn from last week’s value of LKR 0.31Bn, while total foreign sales amounted to LKR 1.56Bn relative to LKR 2.37Bn recorded last week (-34.2% W-o-W).
TOP 10 TURNOVERS
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ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES
Weekly Market Review 13 May 2021
Market Review (Cont’d)
Net Foreign Purchases (07 May - 13 May) Net Foreign Sales (07 May - 13 May)
RICHARD PIERIS ACL Volume Change ('000s) HAYLEYS Volume Change ('000s) HAYLEYS FABRIC MASKELIYA SWISSTEK SINGER FINANCE ROYAL CERAMIC CARGILLS TEEJAY LANKA SAMPATH COMMERCIAL BANK BROWNS INVSTMNTS JKH WINDFORCE DIALOG RENUKA CAPITAL HNB[X] MELSTACORP S M B LEASING[X]* 0 420 840 1,260 1,680 2,100 (8,500) (6,800) (5,100) (3,400) (1,700)
*Volume Change of SMB Leasing(X) (15.0Mn Shares) from 07th May – 13th May not displayed.
Net Foreign Purchases (By Transaction Value) Net Foreign Sales (By Transaction Value)
Foreign Holding (%) Value* Foreign Holding (%) Value* Company Net Change Company Net Change 13/05/21 07/05/21 (LKR. Mn) 13/05/21 07/05/21 (LKR. Mn) MELSTACORP 21.90% 21.73% 2,029,494 93.97 HNB[X.0000] 7.84% 15.64% (8,190,083) (778.1) CARGILLS 7.27% 7.16% 292,769 67.92 JKH 35.90% 36.04% (1,767,033) (239.9) WINDFORCE 5.58% 5.48% 1,413,520 26.86 COMMERCIAL BANK 22.36% 22.51% (1,686,281) (138.1)
SAMPATH 6.65% 6.62% 362,906 18.22 NESTLE 94.64% 94.73% (50,052) (55.0) HAYLEYS 2.69% 2.66% 166,651 13.13 CEYLON TOBACCO 96.79% 96.81% (34,417) (34.1)
RENUKA CAPITAL 1.17% 0.07% 1,913,905 11.10 TEEJAY LANKA 45.21% 45.31% (665,483) (26.3) BROWNS INVSTMNTS 0.27% 0.26% 1,087,000 7.39 DIALOG 91.81% 91.84% (2,053,160) (25.7) THREE ACRE FARMS 23.45% 23.33% 28,125 5.62 ROYAL CERAMIC 0.88% 0.92% (549,550) (20.3) TOKYO CEMENT[X.0000] 18.67% 18.60% 89,660 5.44 SWISSTEK 0.47% 0.72% (343,374) (10.4) TOKYO CEMENT 19.84% 19.81% 61,467 4.19 CEYLINCO INS.[X.0000] 54.40% 54.48% (5,538) (5.9)
Note: *Value based on closing price and not on actual traded price Please note that the foreign shares data displayed above include private transfers done outside of the market.
Foreign Purchases Vs. Sales Foreign Purchases Week Ending Net Position of Foreign Holdings 1,000 Foreign Sales -28
-324 800
-620
600
-916 LKR. Mn LKR. LKR. Mn LKR. -1,212 400
-1,508
200 -1,804
0 -2,100 10-May 11-May 12-May 13-May 23-Apr 30-Apr 07-May 13-May
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ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES
Weekly Market Review 13 May 2021
Announcements for the Week
Dividend Announcements Company DPS(Rs.) Dividend Type Date(XD) ALUMEX PLC 0.10 Final dividend 30/06/2021 VIDULLANKA PLC 0.125 First interim 21/05/ 2021 HAYLEYS FABRIC PLC 0.10 Final dividend 29/06/2021 CHEVRON LUBRICANTS LANKA PLC 5.00 First interim 24/05/2021 KELANI VALLEY PLANTATIONS PLC 1.50 Final dividend 28/06/2021 HAYLEYS FIBRE PLC 1.75 Final dividend 30/06/2021 TALAWAKELLE TEA ESTATES PLC 1.50 Final dividend 28/06/2021
Crossings for the Week
Crossings Company Quantity Turnover(Rs. Mn) % of Total Crossings HNB 8,872,738 845.32 66.0% ROYAL CERAMIC 550,000 20.35 1.6% JKH 300,000 40.43 3.2% CARGILLS 726,033 168.44 13.2% COMMERCIAL BANK 1,550,000 124.78 9.7% DIALOG 4,500,000 56.25 4.4% CDB 196,000 25.09 2.0%
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ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES
Weekly Market Review 13 May 2021
Economic Snapshot
Sep’20 Oct’20 Nov’20 Dec’20 Jan’21 Feb’21 Mar’21 Apr’21 Interest Rates Prime Lending Rate 6.42 6.10 5.95 5.74 5.82 5.72 5.67 5.62 Ave. Wtd. Deposit Rates 6.44 6.23 6.01 5.80 5.58 5.36 5.20 5.07 Ave. Wtd. Fixed Dep. Rates 7.90 7.59 7.37 7.14 6.88 6.53 6.29 6.09 CCPI Inflation Y-o-Y % 4.0 4.0 4.1 4.2 3.0 3.3 4.1 3.9 (Base 2013)
2015 2016 2017 2018 2019 2020 GDP Growth (Base 2010) 5.0% 4.5% 3.6% 3.3% 2.3% -3.6%
Source Central Bank Exchange Rate, Rs. vs. US$ Inflation (CCPI-N) YoY%
10.0 220.0 8.0 200.0 6.0 180.0
CCPI 4.0
Rs /USD Rs 160.0
140.0 2.0
120.0 0.0 May-16 May-17 May-18 May-19 May-20 May-21 Apr-16 Feb-17 Dec-17 Oct-18 Aug-19 Jun-20 Apr-21
Source: Central Bank Source: Central Bank
6 Month T-Bill Yield Tea Prices
14 760
12 700 640 10 580 8
520 Bill (6M ) Rate (%) Rate (6M ) Bill
- 6 T
Rs. Per kilo(Average ) kilo(AveragePer Rs. 460
4 400 Apr-18 Jan-19 Oct-19 Jul-20 Apr-21 Apr-18 Oct-18 Apr-19 Oct-19 Apr-20 Oct-20 Apr-21 Source: Central Bank Source: Sri Lanka Tea Board
Export & Trade Balance Trends in Tourist Arrivals
2000 600 Trade Balance (USD Mn 300,000 100% 1600 200
240,000 60% Y
-
o
- 1200 -200 Y Growth 180,000 20% 800 -600 120,000 -20%
400 -1000 Arrivals Total
) 60,000 -60%
Exports /Imports (USD Mn) (USD /Imports Exports 0 -1400 Feb-17 Feb-18 Feb-19 Feb-20 Feb-21 0 -100% Exports (LHS) Imports (LHS) Trade Balance (RHS) Apr-18 Jan-19 Oct-19 Jul-20 Apr-21
Source: Central Bank Source: Sri Lanka Tourism Development Authority
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