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Acuity Stockbrokers Research | Sri Lanka Equities

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Acuity Stockbrokers Research | Sri Lanka Equities ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 May 2020 ASPI Gains 361 Points amid Heavy Local Buying Indices vs. Turnover (18th May – 22nd May) Interest… S&P Downgrades Credit Rating to 'B- Stable' 5,000 ASPI 2,300 ASPI ^ 8.13% | S&P SL20 ^ 15.89% S&P SL20 4,900 2,200 S&P SL20 S&P 4,800 2,100 ASPI The Bourse ended the week… Cont. P2 4,700 2,000 4,600 1,900 Foreign investors closed the week... Cont. P3 4,500 1,800 18-Mar19-Mar20-Mar21-Mar22-Mar 2.50 Sri Lankan equities reversed ….… Cont. P4 2.00 1.50 1.00 LKR Bn) LKR (Turnover 0.50 Economic Snapshot………… P5 0.00 18-Mar 19-Mar 20-Mar 21-Mar 22-Mar KEY STATISTICS Week ending 22-May 15-May +/- ASPI 4,799.89 4,439.04 8.13% S&P SL20 2,034.38 1,755.51 15.89% Banks 507.01 435.44 16.44% Capital Goods 613.52 528.92 15.99% Food, Beverage & Tobacco 704.89 667.23 5.64% Consumer Durables & Apparel 649.76 583.51 11.35% Materials 514.33 483.50 6.38% Diversified Financials 711.04 654.33 8.67% Turnover (LKR Bn) 8.05 9.61 -16.24% Foreign Buying (LKR Mn) 593.11 1,588.91 -62.67% Foreign Selling (LKR Mn) 3,996.15 5,098.28 -21.62% Daily Average Turnover (LKR Bn) 1.61 1.92 -16.24% Daily Average Foreign Buying (LKR Mn) 118.62 317.78 -62.67% Daily Average Foreign Selling (LKR Mn) 799.23 1,019.66 -21.62% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change TEA SMALLHOLDER TSMLN 20.0 32.5 62.5% INDUSTRIAL ASPH.* ASPHNN 388.4 0.2 -99.9% BROWNS INVSTMNTS BIL N 2.1 3.2 52.4% BLUE DIAMONDS[NV] BLUEX 0.3 0.2 -33.3% PRINTCARE PLC CAREN 20.0 29.8 49.0% S M B LEASING[NV] SEMBX 0.3 0.2 -33.3% MALWATTE MAL N 4.0 5.8 45.0% S M B LEASING SEMBN 0.4 0.3 -25.0% MADULSIMA MADUN 4.7 6.8 44.7% YORK ARCADE YORKN 68.0 57.0 -16.2% MALWATTE[NV] MAL X 2.5 3.6 44.0% EDEN HOTEL LANKA EDENN 14.0 12.0 -14.3% PEOPLE'S MERCH PMB N 7.0 9.9 41.4% SINHAPUTHRA FIN SFL N 8.2 7.1 -13.4% NATION LANKA CSF N 0.5 0.7 40.0% RENUKA HOLDINGS RHL N 15.0 13.3 -11.3% MULLERS MULLN 0.5 0.7 40.0% VIDULLANKA VLL N 4.5 4.0 -11.1% HATTON HPL N 4.0 5.6 40.0% BUKIT DARAH BUKIN 180.0 160.5 -10.8% *Note: Sub-division of shares 1 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 May 2020 Market Review Indices | Liquidity (in Volume Terms) | The Bourse ended the week on a positive note as the The Banks Industry Group dominated the market in ASPI increased by 360.85 points (or 8.13%) to close at terms of share volume, accounting for 22.20% (or 4,799.89 points, while the S&P SL20 Index also 64.64Mn shares) of total volume, with a value increased by 278.87 points (or 15.89%) to close at contribution of LKR 5.31Bn. The Materials Industry 2,034.38 points. Group followed suit, adding 20.53% to total turnover volume as 59.79Mn shares were exchanged. The Turnover & Market Capitalization | Industry Group’s volume accounted for LKR 0.26Bn of HNB was the highest contributor to the week’s turnover total market turnover value. The Food, Beverage & value, contributing LKR 2.09Bn or 25.94% of total Tobacco Industry Group meanwhile, contributed turnover value. Commercial Bank followed suit, 54.22Mn shares (or 18.62%), amounting to LKR 0.30Bn. accounting for 20.61% of turnover (value of LKR 1.66Bn) while JKH contributed LKR 1.19Bn to account Top Gainers & Losers | for 14.79% of the week’s turnover. Total turnover value Tea Smallholder was the week’s highest price gainer; amounted to LKR 8.05Bn (cf. last week’s value of LKR increasing 62.5% W-o-W from LKR20.00 to LKR32.50 9.61), while daily average turnover value amounted to while Browns Investments (+52.4% W-o-W), Printcare LKR 1.61Bn (-16.24% W-o-W) compared to last week’s (+49.0% W-o-W) and Malwatte (+45.0% W-o-W) were average of LKR 1.92Bn. Market capitalization also amongst the top gainers. meanwhile, increased by 8.59% W-o-W (or LKR 177.54Mn) to LKR 2,244.08Bn cf. LKR 2,066.54Bn last Industrial Asphalts was the week’s highest price loser; week. declining 99.9% W-o-W to close at LKR0.20 due to a Subdivision of shares. Blue Diamonds [NV] (-33.3% W-o- Liquidity (in Value Terms) | W), SMB Leasing [NV](-33.3% W-o-W) and SMB Leasing The Banks Industry Group was the highest contributor (-25.0% W-o-W) were also amongst the top losers over to the week’s total turnover value, accounting for the week. 65.94% (or LKR 5.31Bn) of market turnover. Industry Group’s turnover was driven primarily by HNB, TOP 10 TURNOVERS Commercial Bank, Sampath Bank, HNB [NV] & Nations Opening Closing Value Trust Bank which accounted for 95.97% of the sector’s Company Code total turnover. The Capital Goods Industry Group Price Price (Rs. Mn) meanwhile accounted for 17.21% (or LKR 1.38Bn) of the HNB HNB N 95.0 107.2 2,088.1 COMMERCIAL BANK COMBN 54.8 68.1 1,658.7 total turnover value, with turnover driven primarily by JKH JKH N 80.5 104.4 1,190.3 JKH which accounted for 85.94% of the sector turnover. SAMPATH SAMPN 109.0 121.9 1,069.3 The Food, Beverage & Tobacco Industry Group was also DIALOG DIALN 8.8 9.5 203.9 amongst the top sectorial contributors, contributing HNB[NV] HNB X 78.0 85.4 156.1 3.75% (or LKR 0.30Bn) to the total turnover, with L O L C HOLDINGS LOLCN 94.2 114.8 140.0 turnover driven primarily by Browns Investments BROWNS INVSTMNTS BIL N 2.1 3.2 138.7 TEEJAY LANKA TJL N 22.2 26.0 123.3 accounting for 45.90% of the total turnover. NATIONS TRUST NTB N 58.2 57.2 121.1 2 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 May 2020 Market Review (Cont’d) Net Foreign Purchases (15 May-22 May) Net Foreign Sales (15 May-22 May) TOKYO CEMENT KEELLS FOOD Volume Change ('000s) Volume Change ('000s) COMMERCIAL BANK[X] CEYLON GUARDIAN NATIONS TRUST LANKA TILES CENTRAL IND. HNB[X] LION BREWERY TEEJAY LANKA R I L PROPERTY JKH SEYLAN BANK[X.0000] SAMPATH VALLIBEL COMMERCIAL BANK ACCESS ENG SL HNB* RICHARD PIERIS EXPOLANKA* 0 32 64 96 128 160 (8,000) (6,400) (4,800) (3,200) (1,600) - *Volume change of Expolanka (22.18Mn Shares) & HNB (16.52Mn Shares) from 15th May – 22nd May not displayed. Foreign investors closed the week in a net selling position, with the total net outflow amounting to LKR 3.40Bn relative to a net outflow of LKR 3.51Bn recorded last week. Total foreign purchases decreased to LKR 0.59Bn from a value of LKR 1.59Bn last week, while total foreign sales amounted to LKR 4.0Bn relative to LKR 5.10Bn recorded last week. In terms of volume, Richard Pieris & Access Engineering led foreign purchases while Expolanka & HNB led foreign sales. In terms of value, Lion Brewery & Richard Pieris led foreign purchases while HNB & Sampath Bank 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 22/05/20 15/05/20 (LKR. Mn) 22/05/20 15/05/20 (LKR. Mn) LION BREWERY 37.42% 37.39% 24,559 12.23 HNB 29.51% 33.63% (16,516,813) (1,770.60) RICHARD PIERIS 74.31% 74.30% 151,608 1.44 SAMPATH 18.38% 19.60% (4,631,771) (564.61) SEYLAN BANK[X.0000] 5.89% 5.87% 53,629 1.42 COMMERCIAL BANK 19.82% 20.64% (7,884,656) (536.95) ACCESS ENG SL 3.41% 3.40% 88,300 1.31 JKH 44.41% 44.58% (2,288,174) (238.89) KEELLS FOOD 1.02% 0.98% 10,000 1.10 HNB[X.0000] 44.42% 45.70% (1,266,639) (108.17) CENTRAL IND. 2.46% 2.37% 18,578 0.76 EXPOLANKA 80.99% 82.12% (22,176,084) (55.44) CEYLON GUARDIAN 8.30% 8.29% 10,000 0.60 NATIONS TRUST 24.82% 25.21% (954,154) (54.58) LANKA TILES 1.41% 1.39% 10,000 0.60 TEEJAY LANKA 47.27% 47.56% (2,038,584) (53.00) VALLIBEL 1.29% 1.28% 70,054 0.39 COMMERCIAL BANK[X.0000] 17.99% 19.34% (895,261) (51.30) RENUKA CITY HOT. 0.65% 0.63% 1,485 0.31 L O L C HOLDINGS 4.10% 4.19% (434,655) (49.90) 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.
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