The market opened the day with a positive momentum and first half was rich on noticeable movements on several stocks. In addition, most expected ODEL transaction was taken place at the morning session based on the agreed terms. It is observed heavy selling pressure on second half and indices were gradually come down. But, ASPI & S&P SL20 closed the trading day recording positive closures and MPI closed the day within the negative territory. The ASPI closed the day recording 4,944.86; gaining 9.35 points and The S&P SL20 Price Index gain 8.99 points to close at 2,785.73. The liquid MPI closed the day dropping 19.69 points to end the day at 4,357.02. The market capitalization stood at LKR 1.89Tn. 236 counters traded during the day to record a turnover of LKR 1.94Bn which is an Increase of 574% comparing to the previous day, mainly due to LKR 1.4Bn worth of ODEL deal. Odel PLC (LKR 1.43Bn), John Keells Holdings PLC (LKR 303Mn) and United Motors Lanka PLC (LKR 18.5Mn) were the major contributors to the daily turnover. JKH also recorded a crossing which was LKR 289Mn in value. The best performing sectors for the day were Footwear and Textile (Rs 1.44Bn) and Diversified Holdings (Rs 322Mn) sectors correspondingly. The total traded volume for the day was 77.9Mn. This is a 178.77% increase against the previous day and the highest traded stock for the day was ODEL PLC with 61.2Mn shares changing hands. The price gainers outnumbered the price losers marginally by 93:91. The gainers were led by Ceylon Printers; on the contrary losers were led by S M B Leasing [X]. The market recorded a net foreign inflow of LKR 1.53Bn. 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 Sri Lanka 6- month treasuries up According to the Central Bank, Sri Lanka’s treasury yields has edged-up for six-months notes by two basis points at Tuesday's auction, while three -month and one-year yields remained flat. Three-month notes were steady at 11.35 percent, the 6-month yields rose two-basis points to 12.87 percent and the 12-month yield was flat at 13.15 percent. Public debt office has re-issued 18 billion rupees in bills. In accordance with the latest issued statement the auction has oversubscribed with bids amounting to 40.875 billion rupees being received and it has decided to accept 22.207 billion rupees from the auction. (LBO) Austrian assistance of US$ 100 million for Sri Lanka development projects The Austrian government has promised to provide a US$ 100 million soft loan to Sri Lanka to rebuild its economy and complete development projects .The Austrian Ambassador to Colombo Dr. Ferdinand Maultaschi has pledged to Economic Development Minister of Sri Lanka Basil Rajapaksa to help Sri Lanka and the US$ 100 million financial assistance package will be in the form of grant and a soft loan. The US$ 65 million loan portion will carry a 2% interest and have to be repaid over a period of 30 years. Under first phase of the aid programme drinking water projects, hospital modernization projects, railway and highway bridge constructio n projects will be carried out. (Colombo Page) Euro-Area Unemployment Rate Reaches Record 11.2% The jobless rate in the euro area has reached the highest on record as the festering debt crisis and deepening economic slump prompted companies to cut jobs. European Union’s statistics office in Luxembourg expressed that unemployment in the economy of the 17 nations using the euro reached a revised 11.2 percent in May and held at that level in June. That’s the highest since the data series started in 1995. In Germany, unemployment climbed for a fourth straight month in July. As per the latest released reports, companies generally are under serious pressure to keep their labor forces as tight as possible to contain their costs in the face of the current limited demand, strong competition and worrying and uncertain growth outlook. Furthermore, those reports predict that there looks to be a very real danger that the euro-zone unemployment rate could reach 12 percent in 2013. (Bloomberg) Power cut causes major disruption in northern India A massive power cut has caused disruption across northern India, including in the capital, Delhi. It hit a swathe of the country affecting more than 300 million people in Punjab, Haryana, Uttar Pradesh, Himachal Pradesh and Rajasthan states. Power Ministry confirmed that most of the supply had been restored and the rest would be reinstated soon. It is unclear why the supply collapsed but reports say some states may have been using more power than authorized. The power cut happened at 02:30 local time on Monday (2100 GMT Sunday) after India's Northern Grid network collapsed. (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. 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