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The Indices Closed on a Mixed Note…

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The Indices Closed on a Mixed Note… The indices closed on a mixed note… 5,900 5,850 The bourse was unable to sustain its early market-rally 5,800 where it reached an intraday peak of 5,769.85 gaining 25 5,750 5,700 points, however as at the closure the indices settled on 5,650 5,600 either side with the benchmark ASPI charting a modest 5,550 gain of 4.96 points (0.09%) to close the week at 5,749.46 5,500 5,450 and the S&P SL20 ended at 3,176.74 dropping by 8.16 points . Open Mon Tue Wed Thu Fri or 0.26%. With regard to the movement in share prices, price gainers slammed the price losers by 96:77. A series of ASPI This Week ASPI Last Week off-market deals totaling up to LKR 589.33Mn limited the on-board activity to LKR 390.44Mn, whilst accounting a share of 60.15% of the daily aggregated turnover which 5,800.00 amounted to LKR 979.77Mn; the turnover noted a One year TB rate momentous gain of 153.38% against the previous trading 5,750.00 recorded at 10.57%, up by 1 bp. day. Moreover, the three prime contributors for the day th 5,700.00 Rupee touches the JKH, SAMP & LLUB accounted to more than 3/4 of the LKR 133/- level for the first time in 3 daily aggregated turnover. 5,650.00 weeks ASPI records its John Keells Holdings PLC (JKH) spearheaded the turnover 5,600.00 lowest value for the year (5,605.26) list by making a subscription of LKR 644.80Mn to the 5,550.00 turnover, accounting to nearly 66% of the aggregated turnover. Most of this flowed in by way of 4 off-board 5,500.00 9-Sep-13 10-Sep-13 11-Sep-13 12-Sep-13 13-Sep-13 deals (LKR 567.97Mn) where a substantial quantity of 2.71Mn shares were dealt at prices LKR 209/- and LKR 210/-; further, this assisted JKH to position itself amidst the top 3,300 traded counters as well. As at the daily closure, the counter settled at LKR 209.50/- (down by LKR 0.40/- or 0.19%), 3,250 having reached a peak of LKR 212/- within the trading day. 3,200 Sampath Bank PLC (SAMP) made a contribution of LKR 3,150 69.80Mn to daily turnover, supported by a negotiated deal 3,100 worth LKR 21.36Mn resulted by 120K shares being blocked 3,050 at LKR 178/-. As at the daily closure SAMP settled at its Open Mon Tue Wed Thu Fri intraday low of LKR 175.90/-, dropped by LKR 2.20/- or 1.24%. S&P SL20 This Week S&P SL20 Last week Chevron Lubricants Lanka PLC (LLUB) made a contribution of LKR 35.10Mn and settled at its lowest price reached within the day LKR 270/-, dropping by LKR 5/- or 1.82%. During the day a total of 51.33Mn shares changed hands resulting in a notable gain of 120.21% against its previously recorded. Touchwood Investments PLC (9.19Mn shares), PC House PLC (7.86Mn shares) & PCH Holdings PLC (4.12Mn shares) were the heavily traded counters within the trading day. Notably, the limelight fell on Touchwood Investments PLC (TWOD), with the counter starting to trade once again, having suspended trading for last 6 market days. TWOD turned out as the top traded counter for the day with a substantial quantity 9.19Mn shares being traded and witnessed 849 trades within the day. Further on the counter gained notably to reach an intraday peak of LKR 2.00/-, however settled the day slightly lower at LKR 1.90/- gaining LKR 0.60/- (+46.15%), whilst taking the lead under the list of price gainers. Under the sectorial round-up, Diversified Holdings (DIV) sector stood on top providing LKR 694.47Mn accounting a share of 71% of the day’s total turnover. Diversified Holdings (DIV) sector secured the second place contributing LKR 120.54Mn. Foreign participants appeared to be bullish during the day for the third consecutive trading day, recording a net foreign inflow of LKR 262.16Mn. Week at a Glance The Colombo bourse slightly recovered during latter part of the week after recording the lowest year to date ASPI value of 5,605 on Monday. The All Share Price Index has gained 76.82 points (1.35%) and S&P SL20 Index decreased by 0.43 points (0.01%) during the week. The turnover for the week was LKR 3.49Bn supported by 22 crossings totalling upto LKR 1.34Bn accounting a 38.37% contribution to the weekly turnover while recording a 102.10% increase compared to the previous week’s turnover backed by healthy foreign buying recorded on Wednesday. John Keells Holdings PLC (JKH) topped the weekly turnover list by contributing LKR 2.08Bn backed by 16 crossings worth LKR 1.1Bn accounting a significant 60% contribution to the week’s total turnover; Sampath Bank PLC [SAMP] (LKR 277.89Mn) recorded 4 Off market transactions worth LKR 186.25Mn and Ceylon Guardian Investment Trust PLC [GUAR] (LKR 141.64Mn) supported with 2 off market transactions totalling up to LKR 41.07Mn were highlighted as the top three subscribers to the weekly turnover. The aggregate turnover recorded by the top three subscribers made a noteworthy 71.53% contribution to the week’s total turnover. As at the weekly closure, John Keells Holdings PLC stood at LKR 209.50/- (up by LKR 0.10/ -), Sampath Bank PLC closed at LKR 175.90/- (down by LKR 9.10/-) and Ceylon Guardian Investment Trust PLC closed at LKR 178.00/- (down by LKR 10/.00). A total of 150.49Mn shares changed hands during the week, this was a 9.76% growth compared to the previous week. PC House PLC (15.87Mn shares), Central Investments & Finance PLC (15.31Mn shares) & Blue Diamonds Jewellery Worldwide PLC (14.58Mn shares) turned out as the top traded counters respectively. Foreign purchases amounting to LKR 1.87Bn outpaced the foreign sales of LKR 0.99Bn during the week, resulting in a net foreign inflow of LKR 874.83Mn marking the Year to date net foreign inflow to LKR 19.38Bn. As at the week’s closure, the total market capitalization stood at LKR 2.37Tn, recording a year to date gain of 9.25%. The market PER(X) and PBV(X) stood at 16.35 and 2.18 respectively. With regard to the local FOREX market, the Rupee (LKR) appreciated further against the U.S. Dollar (USD), falling below the LKR 134/- level for the first time in 3 weeks. Currently the selling rate is at LKR 133.72/- and buying rate stands at LKR 130.37/-. NSB has raised USD 750mn through bonds National Savings Bank of Sri Lanka been provided with an expected rating of 'BB-' by Fitch Ratings, rated at the same level as NSB's Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BB-', has raised 750 million US dollars at 8.875 percent (%) by way of dollar denominated bonds. The rating was initially set at 9.25% amidst the global volatilities which prevailed but has narrowed to 8.875% amidst the receipt of strong orders; having entered the market for 500 million US dollars, the bank has collected orders worth 2.0 billion US dollars. Sri Lanka Investor Forum in Hong Kong An Investor Forum titled 'Invest Sri Lanka’ was held in Hong Kong on the 09th September 2013, in order of showcasing the economic growth prospects and investment opportunities of the Sri Lankan capital market, whilst attracting capital market investments to the country. The Forum has featured presentations by Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka, Dr. Nalaka Godahewa, Chairman of the Securities and Exchange Commission of Sri Lanka and Krishan Balendra, Chairman of the Colombo Stock Exchange. As at today, the foreign investor contribution amounts to 44% of the total market turnover of the CSE, furthermore the year to date net foreign contribution amounts to LKR 19.38Bn. Syria Military strike put on Hold Over the past few weeks, global markets both equity and commodity (particularly crude oil), acted in a volatile manner amidst the fears of a possible military strike by the US against Syria, hence which could possibly lead to supply disruptions in the region; the US had threatened a military strike on Syria, accusing the Syrian regime of killing hundreds in a chemical weapons attack on 21st August. However, the US President Barack Obama has stated that he will put the plans of a US military strike on hold if Syria agrees to place its chemical weapons stock under International control. Furthermore, on Thursday the Russian and U.S foreign ministers have begun crucial talks in Geneva on a plan to place Syria's chemical weapons under international control. 1,400 60.00 1,000 80% 1,200 50.00 800 1,000 60% 40.00 600 800 40% 30.00 400 600 20% 20.00 200 400 200 10.00 0 0% Mon Tue Wed Thu Fri 0 0.00 LKR Mn LKR Mon Tue Wed Thu Fri Mn Foreign Buying Foreign Selling This Week(T/O) Last Week (T/O) This Week (VOL) Last Week (VOL) Foreign Contribution MARKET STATISTICS For The Week Daily Description POINTS % CHANGE 13-Sep-13 6-Sep-13 Points 13-Sep-13 12-Sep-13 ASPI 76.82 1.35% 5,749.46 5,672.64 4.96 5,749.46 5,744.50 S&P SL20 (0.43) -0.01% 3,176.74 3,177.17 (8.16) 3,176.74 3,184.90 MARKET PER (X) 16.35 16.13 16.35 MARKET PBV (X) 2.18 2.15 2.18 FOREIGN PARTICIPATION CHANGE % CHANGE This Week Last Week % CHANGE 13-Sep-13 12-Sep-13 TOTAL FOREIGN BUYING 1,174,777,870 169.55% 1,867,654,970 692,877,100 193.27% 581,797,793 198,384,237 TOTAL FOREIGN SELLING 263,073,715 36.05% 992,827,069 729,753,354 170.04% 319,637,340 118,365,395 TOTAL FOREIGN INFLOW/(OUTFLOW) 911,704,155 2472.33% 874,827,901 (36,876,254) 227.62% 262,160,453 80,018,842 MARKET TURNOVER & VOLUME CHANGE % CHANGE This Week Last Week % CHANGE 13-Sep-13 12-Sep-13 TOTAL TURNOVER (LKR Mn) 1,765,506,727 102.10% 3,494,631,778 1,729,125,051 153.38% 979,774,523 386,685,513 TOTAL VOLUME 13,379,939 9.76% 150,488,374 137,108,435 120.21% 51,326,790 23,307,748 SECTOR STATISTICS PER (x) PBV (x) 13-Sep-13 6-Sep-13 % CHANGE 13-Sep-13 12-Sep-13 BANK FINANCE AND INSURANCE 9.30 1.60 12,418.53 12,377.26 -0.14% 12,418.53 12,436.22 BEVERAGE FOOD AND TOBACCO 22.00 6.40
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