Market Moved to the Positive Territory Again Recovering from Yesterday's
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Market moved to the positive territory again recovering from yesterday’s marginal drop on ASPI. Both indices behaved in green territory all over the day and ASPI closed at 4,844.79 points, gaining 37.24 points. By increasing 34.64 points MPI stood at 4,303.89. Regardless of the positive movements of the Indices, market activities were remained on inactive way demonstrating lack of confidence amongst the investor community. The reported turnover was LKR 284.8Mn and COMB was the highest contributor providing LKR 87.5Mn turnover largely backed by LKR 50Mn worth crossing taken place. JKH and DFCC sequenced to that by subscribing LKR 28.7Mn and LKR 18.2Mn respectively. In addition, significant positive price and trading movements were observed from some counters such as LOLC, TYRE & BIL during the day grabbing the retailers’ attraction. 14.5Mn shares were change in hand within the day and DIAL and EXPO were the highest traded counters trading 1.16Mn and 1Mn shares respectively. 242 counters engaged with trading today and it reported 143 positive price contributors against 69 negative subscribers. Miramar led the price gainers today while Sanansa Dev. Bank was the top loser. Today market ended up with 38.6Mn net cash outflow. Trade Share Turnover Company Code Vol Vol. (Rs) JOHN KEELLS HOLDINGS PLC 7.00 4,542,625 175,552,243.20 DISTILLERIES COMPANY PLC 7.00 1,505,084 47,184,230.00 COMMERCIAL BANK PLC 133.00 852,469 35,308,876.40 HAYLEYS PLC 9.00 773,351 19,634,510.00 COMMERCIAL BANK PLC(X) 79.00 624,866 13,212,498.20 DIALOG AXIATA PLC 65.00 548,271 12,593,367.40 ROYAL CERAMICS LANKA PLC 14.00 545,550 10,647,295.00 C T HOLDINGS PLC 8.00 513,512 10,125,000.00 AMANA TAKAFUL PLC 140.00 463,350 9,049,327.50 CARSONS CUMBERBATCH PLC 19.00 338,880 8,669,980.80 Ramboda Falls Limited (“The Company”) – Introduction 20,000,000 Ordinary Voting Shares of the Company will be listed by way of an Introduction on Diri Savi Board under the Hotels & Travels sector. The Company would commence trading from 18th June 2012 with the code of RFL-N000. Sri Lanka May tourist arrivals up 17.5 percent Tourist arrivals to tropical Sri Lanka has surged 17.5 percent in May, over the same month a year earlier. The island has attracted 57,506 visitors in May, which helped raise arrivals from January to May by 18.2 percent to 387,622. Neighboring India, continued to dominate tourism arrivals, followed by traditional markets of the UK and Germany. The tourism authority hopes to attract about a million visitors this year, and tips earnings to hit about one billion dollars. On Monday, the central bank confirmed that earnings from tourism arrivals had risen 26.0 percent to 340 million dollars for the four months to April this year, over the same period a year earlier. (LBO) Sri Lanka policy rate unchanged, growth projected at 7.2-pct for 2012 Central Bank confirmed that Sri Lanka is maintaining it key policy interest rate at which money is injected to the banking system at 9.75 percent, and the growth is expected to be 7.2 percent for 2012. The Central Bank further revealed that in April private credit fell to 18.7 billion rupees. However, credit to state was over 40 billion rupees in the same month. Imports fell 3.3 percent in April. Central Bank indicated that cumulative trade data for the first four months of 2012 that imports have decelerated at a rapid pace in line with the policy measures adopted. (LBO) Sri Lanka Treasuries yields up Sri Lanka's Treasuries yields edged up at Wednesday's auction and the 3-month yield rose 9 basis points to 10.95 percent, the 6- month yield rose 17 basis points to 12.29 percent and the 12-month yield rose one basis points to 12.67 percent. The debt office offered 15 billion rupees of bills to the auction and only 10 billion rupees of bids were accepted. Analysts explained if the Central Bank buys bill it creates new demand in the economy and puts pressure on the balance of payments. (LBO) Eurozone industrial production falls in April Output from Eurozone factories has fallen by 0.8% in April and the drop in industrial production was not as bad as feared, and March's figure was revised up to a 0.1% fall. But the fall in output is a sign of slower economic activity. Eurozone GDP stagnated in the first quarter of the year and shrank at the end of 2011. Separate figures showed that inflation eased in the Eurozone’s biggest economies during May as retailers cut prices. (BBC) Vice President – Business Development Manager - Research Thakshila Hulangamuwa Pasindu Perera [email protected] [email protected] 0094 113070494 0094 112429109 Research Team Ranuka De Silva [email protected] 0094 112429137 Lasantha Senanayake [email protected] 0094 112429129 Head Office: Southern Region (Matara) Branch Office: Batticaloa # 24-1/3, A, 2nd Floor, E.H. Cooray Tower, #22B Bar Road, Batticaloa, Tel: 065 2228029 Anagarika Dharmapala Mw, Matara. Tel: 041 2235191-6 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: Negombo Branch Office: Vavuniya 1st Floor, # 60, 1st Cross Street, Vavuniya. Tel: 024 2226031 # 142, Greens Road, Negombo. Tel. 031 2227474 Branch Office: Gampaha Branch office: Kollupitiya # 60,5th Lane, Colombo 03, Tel: 011 3009826 # 21, Courts Road, Gampaha. Tel. 033 2234888 Branch Office: Kiribathgoda Branch Office: Badulla # 33/3, 2nd Floor, Modern Complex, Badulla. Udeshi City Shopping Complex, 2nd Floor, 2-14, Tel: 055 2222009 No. 94, Makola Road, Kiribathgoda. Tel. 011 2908511 Branch Office: Kurunegala Branch Office: Wellawatte # 3-1/2, Collingwood Place, Colombo 06. Tel: 0112 362939 No. 6, 1st Floor, Union Assurance Bldg, Rajapihilla Mawatha, Kurunegala. Tel. 037 2234777 Branch Office: Panandura # 465, Galle Road, Panandura. Tel: 038 2234780 Branch Office: Kandy Ceybank House, # 88, Dalada Vidiya, Kandy. Tel. 081 4474118 Branch Office: Ambalanthota # 153, Tissa Road, Ambalanthota. Tel: 047-2225170 Branch Office: Galle # 16, Sri Dewamittha Mw, Galle. Tel. 091 2233558 Branch Office: Wattala # 118, Negombo Road, Wattala. Tel: 011-2930099 Branch Office: Anuradhapura # 9, Maithripala Senanayaka Mw, Bank Site, New Town, Anuradhapura. Tel. 025 2234705 Branch Office: Embilipitiya # 61, Sampath Bank Bldg. Main Street, Embilipitiya. Tel. 047 2261950 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. .