Sri Lanka Equities Aspi ^ 0.07% | S&P Sl20 ˅ 0.10%
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ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 23 Aug 2019 Indices vs. Turnover (19th Aug – 23rd Aug) ASPI Remains Below 6000 Mark Amid Wait & See Approach…CBSL Reduces Policy Rates by 50Bps 6,000 ASPI 3,000 S&P SL20 5,960 2,970 S&P SL20 S&P ASPI ^ 0.07% | S&P SL20 ˅ 0.10% 5,920 2,940 ASPI 5,880 2,910 The Bourse ended the week… Cont. P2 5,840 2,880 5,800 2,850 19-Aug20-Aug21-Aug22-Aug23-Aug Foreign investors closed the week... Cont. P3 1.00 0.80 0.60 Domestic equities ….… Cont. P4 0.40 LKR Bn) LKR (Turnover 0.20 0.00 Economic Snapshot………… P5 19-Aug 20-Aug 21-Aug 22-Aug 23-Aug KEY STATISTICS Week ending 23-Aug 16-Aug +/- ASPI 5,898.47 5,894.51 0.07% S&P SL20 2,902.80 2,905.81 -0.10% Banking & Finance 15,847.79 15,859.99 -0.08% Food & Beverage 22,674.17 22,453.23 0.98% Diversified 1,529.42 1,509.08 1.35% Hotel & Travel 2,588.83 2,616.81 -1.07% Plantations 757.88 764.02 -0.80% Manufacturing 2,918.32 2,943.51 -0.86% Turnover (LKR Bn) 2.55 4.11 -38.04% Foreign Buying (LKR Mn) 452.58 1,131.95 -60.02% Foreign Selling (LKR Mn) 423.26 2,716.01 -84.42% Daily Average Turnover (LKR Bn) 0.51 1.37 -62.82% Daily Average Foreign Buying (LKR Mn) 90.52 377.32 -76.01% Daily Average Foreign Selling (LKR Mn) 84.65 905.34 -90.65% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change S M B LEASING[NV] SEMBX 0.2 0.3 50.0% TESS AGRO[NV] TESSX 0.5 0.4 -20.0% LANKA REALTY ASCON 28.8 34.0 18.1% LANKA ASHOK ASHON 944.0 781.2 -17.2% ASIA CAPITAL ACAPN 7.1 7.9 11.3% NATION LANKA CSF N 0.7 0.6 -14.3% BROWNS INVSTMNTS BIL N 3.1 3.4 9.7% AMANA LIFE ATLLN 7.5 6.5 -13.3% KELSEY KDL N 32.0 34.9 9.1% MULLERS MULLN 0.8 0.7 -12.5% AGALAWATTE AGALN 14.1 15.1 7.1% ON'ALLY ONALN 38.0 33.7 -11.3% AMBEON CAPITAL TAP N 4.6 4.9 6.5% ANILANA HOTELS ALHPN 1.0 0.9 -10.0% PALM GARDEN HOTL PALMN 20.5 21.8 6.3% SERENDIB ENG.GRP IDL N 7.3 6.6 -9.6% SINGER SRI LANKA SINSN 26.2 27.7 5.7% ASIA SIYAKA ASIYN 2.3 2.1 -8.7% RAMBODA FALLS RFL N 19.8 18.1 -8.6% LION BREWERY LIONN 570.0 599.4 5.2% 1 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 23 Aug 2019 Market Review Indices | Liquidity (in Volume Terms) | The Bourse ended the week on a mixed note as the ASPI The Diversified sector dominated the market in terms of increased by 3.96 points (or 0.07%) to close at 5,898.47 share volume, accounting for 38.52% (or 47.52Mn points, while the S&P SL20 Index decreased by 3.01 shares) of total volume, with a value contribution of LKR points (or -0.10%) to close at 2,902.80 points. 0.75Bn. The Telecom sector followed suit, adding 17.79% to total turnover volume as 21.94Mn shares Turnover & Market Capitalization | were exchanged. The sector’s volume accounted for LKR Sampath was the highest contributor to the week’s 0.23Bn of total market turnover value. The Banks, turnover value, contributing LKR 0.48Bn or 18.91% of Finance & Insurance sector meanwhile, contributed 12.42Mn shares (or 10.07%), amounting to LKR 0.97Bn. total turnover value. JKH followed suit, accounting for 16.15% of turnover (value of LKR 0.41Bn) while Dialog contributed LKR 0.23Bn to account for 9.05% of the Top Gainers & Losers | week’s turnover. Total turnover value amounted to LKR S M B Leasing [NV] was the week’s highest price gainer; 2.55Bn (cf. last week’s value of LKR 4.11Bn), while daily increasing 50.0% W-o-W from LKR0.20 to LKR0.30 average turnover value amounted to LKR 0.51Bn whil e Lanka Reality (+18.1% W-o-W), Asia Capital (-62.82% W-o-W) compared to last week’s average of (+11.3% W-o-W) and Browns Investments (+9.7% W-o-W) were also amongst the top gainers. LKR 1.37Bn. Market capitalization meanwhile, decreased by 0.07% W-o-W (or LKR 1.87Bn) to LKR 2,784.67Bn cf. LKR 2,782.80Bn last week. Tess Agro [NV] was the week’s highest price loser; declining 20.0% W-o-W to close at LKR0.40 while Lanka Liquidity (in Value Terms) | Ashok (-17.2% W-o-W), Nation Lanka (-14.3% W-o-W) The Banks, Finance & Insurance sector was the highest and Amana Life (-13.3% W-o-W) were also amongst the contributor to the week’s total turnover value, top losers over the week. accounting for 38.17% (or LKR 0.97Bn) of market turnover. Sector turnover was driven primarily by Sampath, HNB, Commercial Bank & First Capital which TOP 10 TURNOVERS accounted for 77.28% of the sector’s total turnover. The Diversified sector meanwhile accounted for 29.45% (or Opening Closing Value (Rs. Company Code LKR 0.75Bn) of the total turnover value, with turnover Price Price Mn) driven primarily by JKH, Browns Investments & SAMPATH SAMPN 163.1 166.3 481.4 Sunshine Holding which accounted for 88.50% of the JKH JKH N 150.2 153.1 411.1 sector turnover. The Telecom sector was also amongst DIALOG DIALN 10.7 10.6 230.5 HNB HNB N 175.2 170.0 145.1 the top sectorial contributors, contributing 9.07% (or ACCESS ENG SL AEL N 19.9 19.5 131.4 LKR 0.23Bn) to the total turnover, with turnover driven BROWNS INVSTMNTS BIL N 3.1 3.4 127.8 primarily by Dialog accounting for 99.83% of the total SUNSHINE HOLDING SUN N 46.0 44.0 124.7 turnover. HAYLEYS FABRIC MGT N 14.2 14.9 98.2 COMMERCIAL BANK COMBN 106.0 106.0 68.6 FIRST CAPITAL CFVFN 50.9 53.2 55.8 2 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 23 Aug 2019 Market Review (Cont’d) Net Foreign Purchases (16 Aug-23 Aug) Net Foreign Sales (16 Aug-23 Aug) TOKYO CEMENT[X.0000] L O L C HOLDINGS Volume Change ('000s) Volume Change ('000s) JANASHAKTHI INS. CEYLON TEA BRKRS EXPOLANKA FIRST CAPITAL HNB[X.0000] ANILANA HOTELS PANASIAN POWER HNB DOLPHIN HOTELS RENUKA CAPITAL ACCESS ENG SL TOKYO CEMENT CENTRAL FINANCE PIRAMAL GLASS JKH* LANKA IOC* BROWNS INVSTMNTS* DIALOG* 0 40 80 120 160 200 (1,000) (800) (600) (400) (200) - *Volume change of Browns Investments (2.00Mn Shares), JKH (0.79Mn Shares), Dialog Axiata (4.15Mn Shares) and Lanka IOC (2.50Mn Shares) from 16th Aug – 23rd Aug not displayed. Foreign investors closed the week in a net buying position with total net inflow amounting to LKR 0.03Bn relative to last week’s total net outflow of LKR 1.58Bn (101.9% W-o-W). Total foreign purchases decreased by 60.0% W-o-W to LKR 0.45Bn from last week’s value of LKR 1.13Bn, while total foreign sales amounted to LKR 0.42Bn relative to LKR 2.72Bn recorded last week (-84.4% W-o-W). In terms of volume, Browns Investments & JKH led foreign purchases while Dialog & Lanka IOC led foreign sales. In terms of value, JKH and Central Finance led foreign purchases while Dialog & Lanka IOC led foreign sales. Net Foreign Purchases (By Transaction Value) Net Foreign Sales (By Transaction Value) Foreign Holding (%) Value* Foreign Holding (%) Value* Company Net Change Company Net Change 23/08/19 16/08/19 (LKR. Mn) 23/08/19 16/08/19 (LKR. Mn) JKH 47.32% 47.26% 793,150 121.43 DIALOG 92.58% 92.63% (4,154,500) (44.04) CENTRAL FINANCE 14.16% 14.08% 161,474 15.32 LANKA IOC 78.06% 78.53% (2,500,000) (43.00) HNB[X.0000] 47.40% 47.32% 82,900 12.02 HNB 34.87% 34.93% (240,416) (40.87) NESTLE 95.21% 95.20% 6,017 8.12 TOKYO CEMENT 23.23% 23.34% (296,998) (9.74) BROWNS INVSTMNTS 1.39% 1.34% 2,001,469 6.80 SAMPATH 21.34% 21.35% (23,827) (3.96) L O L C HOLDINGS 4.44% 4.43% 47,363 6.06 PIRAMAL GLASS 63.98% 64.08% (1,000,000) (3.80) NAT. DEV. BANK 15.43% 15.41% 41,587 4.45 ACL PLASTICS 1.79% 2.34% (23,215) (2.83) FIRST CAPITAL 0.28% 0.22% 65,000 3.46 JANASHAKTHI INS. 0.79% 0.82% (65,915) (2.18) ACCESS ENG SL 4.83% 4.82% 155,301 3.03 TOKYO CEMENT[X.0000] 41.92% 41.97% (58,300) (1.60) DOLPHIN HOTELS 1.37% 1.10% 85,000 2.01 SEYLAN BANK[X.0000] 6.82% 6.84% (35,502) (1.42) 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.