ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 Feb 2019 Indices vs. Turnover (18th Feb – 22nd Feb) ASPI Closes in the Red for the 3rd Consecutive Week… CBSL Cuts SRR by 1.0% Amid Steady Policy Rates 6,000 ASPI 3,050 5,960 S&P SL20 3,030 SL20 S&P ASPI ˅ 1.21% | S&P SL20 ˅ 1.68% 5,920 3,010 ASPI 5,880 2,990 The Bourse ended the week… Cont. P2 5,840 2,970 5,800 2,950 Foreign investors closed the week... Cont. P3 18-Feb 20-Feb 21-Feb 22-Feb 1.10 0.88 0.66 Sri Lanka equities extended ….… Cont. P4 0.44 LKR Bn) LKR (Turnover 0.22 0.00 Economic Snapshot………… P5 18-Feb 20-Feb 21-Feb 22-Feb KEY STATISTICS Week ending 22-Feb 15-Feb +/- ASPI 5,837.72 5,909.30 -1.21% S&P SL20 2,977.47 3,028.22 -1.68% Banking & Finance 15,764.51 16,069.76 -1.90% Food & Beverage 24,001.05 23,981.04 0.08% Diversified 1,514.52 1,521.69 -0.47% Hotel & Travel 2,613.98 2,639.98 -0.98% Plantations 754.39 772.69 -2.37% Manufacturing 2,647.25 2,821.66 -6.18% Turnover (LKR Bn) 2.20 5.82 -62.26% Foreign Buying (LKR Mn) 443.52 2,624.76 -83.10% Foreign Selling (LKR Mn) 676.57 4,476.29 -84.89% Daily Average Turnover (LKR Bn) 0.55 1.16 -52.82% Daily Average Foreign Buying (LKR Mn) 110.88 524.95 -78.88% Daily Average Foreign Selling (LKR Mn) 169.14 895.26 -81.11% 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 SEMBN 0.4 0.5 25.0% LIGHTHOUSE HOTEL LHL N 31.6 25.5 -19.3% RAMBODA FALLS RFL N 17.4 21.0 20.7% LANKA VENTURES LVENN 45.0 36.6 -18.7% KOTMALE HOLDINGS LAMBN 170.9 192.1 12.4% CARGO BOAT CABON 72.0 59.0 -18.1% HAPUGASTENNE HAPUN 17.0 19.0 11.8% CITRUS LEISURE REEFN 4.7 3.9 -17.0% ANILANA HOTELS ALHPN 0.9 1.0 11.1% CHEVRON LLUBN 75.5 62.9 -16.7% LANKA REALTY ASCON 20.9 22.8 9.1% SAMSON INTERNAT. SIL N 100.0 83.4 -16.6% SINGHE HOSPITALS SINH 1.3 1.4 7.7% DUNAMIS CAPITAL CSECN 34.0 28.8 -15.3% C.W.MACKIE CWM N 42.0 44.1 5.0% BERUWALA RESORTS BERUN 0.7 0.6 -14.3% BOGAWANTALAWA BOPLN 11.0 11.5 4.5% MULLERS MULLN 0.7 0.6 -14.3% ELPITIYA ELPLN 20.9 18.0 -13.9% LOLC DEV FINANCE NIFLN 38.0 39.6 4.2% 1 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 Feb 2019 Market Review Indices | Liquidity (in Volume Terms) | The Bourse ended the week on a negative note as the The Hotels & Travels sector dominated the market in ASPI decreased by 71.58 points (or -1.21%) to close at terms of share volume, accounting for 33.85% (or 5,837.72 points, while the S&P SL20 Index also 25.70Mn shares) of total volume, with a value decreased by 50.75 points (or -1.68%) to close at contribution of LKR 0.51Bn. The Banks, Finance & 2,977.47 points. Insurance sector followed suit, adding 19.32% to total turnover volume as 14.67Mn shares were exchanged. Turnover & Market Capitalization | The sector’s volume accounted for LKR 0.81Bn of total Kingsbury was the highest contributor to the week’s market turnover value. The Manufacturing sector meanwhile, contributed 13.28Mn shares (or 17.50%), turnover value, contributing LKR 0.50Bn or 22.84% of total turnover value. LOLC Holdings followed suit, amounting to LKR 0.31Bn. accounting for 15.65% of turnover (value of LKR 0.34Bn) while Sampath Bank contributed LKR 0.27Bn to Top Gainers & Losers | account for 12.33% of the week’s turnover. Total SMB Leasing was the week’s highest price gainer; turnover value amounted to LKR 2.20Bn (cf. last week’s increasing 25.0% W-o-W from LKR0.40 to LKR0.50 value of LKR 5.82Bn), while daily average turnover while Ramboda Falls(+20.7% W-o-W), Kotmale Holdings (+12.4% W-o-W) and Hapugastenne value amounted to LKR 0.55Bn(-52.82% W-o-W) compared to last week’s average of LKR 1.16Bn. Market (+11.8% W-o-W) were also amongst the top gainers. capitalization meanwhile, decreased by 1.21% W-o-W (or LKR 33.46Bn) to LKR 2,728.60Bn cf. LKR 2,762.05Bn The Lighthouse Hotel were the week’s highest price last week. loser; declining 19.3% W-o-W to close at LKR25.50 while Lanka Ventures(-18.7% W-o-W), Cargo Boat Liquidity (in Value Terms) | (-18.1% W-o-W) and Citrus Leisure (-17.0% W-o-W) The Banks, Finance & Insurance sector was the highest were also amongst the top losers over the week. contributor to the week’s total turnover value, accounting for 36.86% (or LKR 0.81Bn) of market TOP 10 TURNOVERS turnover. Sector turnover was driven primarily by LOLC Holdings, Sampath Bank & Central Finance which Opening Closing Value (Rs. Company Code accounted for 82.06% of the sector’s total turnover. The Price Price Mn) Hotels & Travels sector meanwhile accounted for KINGSBURY SERVN 14.2 14.3 501.63 23.23% (or LKR 0.51Bn) of the total turnover value, L O L C HOLDINGS LOLCN 91.0 89.0 343.77 with turnover driven primarily by Kingsbury which SAMPATH SAMPN 235.0 231.1 270.89 TOKYO CEMENT TKYON 22.8 23.0 185.89 accounted for 97.94% of the sector turnover. The CEYLON TOBACCO CTC N 1420.0 1420.0 151.53 Diversified sector was also amongst the top sectorial MELSTACORP MELSN 45.9 45.0 114.94 contributors, contributing 14.05%(or LKR 0.31) of the JKH JKH N 153.1 154.5 97.39 total turnover, where sector turnover was primarily HEMAS HOLDINGS HHL N 85.1 84.0 75.67 driven by Melstacorp, JKH & Hemas Holdings which TOKYO CEMENT[NV] TKYOX 20.1 20.1 60.19 accounted for 93.30% of the sector turnover. CENTRAL FINANCE CFINN 92.0 90.0 49.67 2 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 Feb 2019 Market Review (Cont’d) Net Foreign Purchases (15 Feb-22 Feb) Net Foreign Sales (15 Feb-22 Feb) TEEJAY LANKA RENUKA HOLDINGS[X] Volume Change ('000s) Volume Change ('000s) HEMAS HOLDINGS KOTAGALA LANKA IOC HNB LANKA VENTURES ROYAL CERAMIC JKH SAMPATH OVERSEAS REALTY COMMERCIAL BANK TESS AGRO COMMERCIAL BANK[X.0000] EXPOLANKA CENTRAL FINANCE KEELLS HOTELS AMANA BANK TOKYO CEMENT* L O L C HOLDINGS* 0 120 240 360 480 600 (1,000) (800) (600) (400) (200) - *Volume change of Tokyo Cement (7.04Mn Shares) & LOLC Holdings (3.80Mn Shares) from 15th Feb – 22nd Feb not displayed. Foreign investors closed the week in a net selling position with total net outflow amounting to LKR 0.23Bn relative to last week’s total net outflow of LKR 1.85Bn (+87.4% W-o-W). Total foreign purchases decreased by 83.10% W-o-W to LKR 0.44Bn from last week’s value of LKR 2.62Bn, while total foreign sales amounted to LKR 0.68Bn relative to LKR 4.48Bn recorded last week (-84.9% W-o-W). In terms of volume, Tokyo Cement & Keells Hotels led foreign purchases while LOLC Holdings & Amana Bank led foreign sales. In terms of value, Tokyo Cement & JKH led foreign purchases while LOLC Holdings & Central Finance 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 22/02/19 15/02/19 (LKR. Mn) 22/02/19 15/02/19 (LKR. Mn) TOKYO CEMENT 23.96% 21.33% 7,042,654 161.98 L O L C HOLDINGS 4.38% 5.18% (3,802,641) (338.44) JKH 47.56% 47.54% 213,062 32.92 CENTRAL FINANCE 14.78% 15.01% (508,781) (45.79) DIPPED PRODUCTS 9.04% 8.86% 106,000 8.64 SAMPATH 22.74% 22.77% (72,075) (16.66) LANKA VENTURES 2.45% 2.05% 200,000 7.32 COMMERCIAL BANK[X.0000] 23.31% 23.54% (147,500) (13.28) AITKEN SPENCE 23.91% 23.88% 104,500 4.71 COMMERCIAL BANK 32.75% 32.76% (122,879) (13.16) KEELLS HOTELS 1.15% 1.11% 595,000 4.34 ROYAL CERAMIC 11.19% 11.24% (50,000) (3.35) OVERSEAS REALTY 92.15% 92.13% 255,376 4.09 HNB 35.63% 35.63% (13,109) (2.61) LANKA IOC 78.56% 78.52% 200,000 3.80 AMANA BANK 63.08% 63.11% (666,667) (1.93) LMF 30.81% 30.74% 29,500 3.78 HEMAS HOLDINGS 29.83% 29.83% (12,495) (1.05) HAYCARB 6.20% 6.11% 28,957 3.76 KEELLS FOOD 0.98% 1.01% (7,387) (1.03) 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.