Stock Market Indicators

ASI: 6,503.0 (down 24 points, -0.37%), S&P SL20: 3,791.6 (down 17 points, -0.45%)

Turnover: Rs.376mn (-31%)

Exchange Rate 1US$ = Rs.153.82

Market Capitalization: US$19.3bn

Foreign Purchases: Rs.245mn (-19%)

Foreign Sales: Rs.226mn (vs. Rs.95mn)

Chevron Lubricants Lanka (LLUB – Rs.119.9) emerged as the top contributor to turnover with Rs.104mn (0.9mn shares), followed by Ceylon Tobacco Company (CTC – Rs.1,030.0) with Rs.86mn turnover (0.1mn shares) and Cargills (Ceylon) (CARG – Rs.196.0) with Rs.37mn turnover (0.2mn shares)

Local Economy News

Sri Lanka’s 6-month and 12-month Treasury bill Yields declined by 18bps and 10bps to 8.06% and 8.80% respectively. Meanwhile 3-month Treasury bill Yields were not offered.

Corporate Announcements

It was disclosed that Renuka Capital (KZOO) has made a mandatory offer to acquire 11mn ordinary shares of On’ally Holdings (ONAL) at a consideration of Rs.48.0 per share. KZOO currently has a 35% stake in ONAL.

It was disclosed that Trade Finance and Investments (TFIL) was not in compliance with the minimum public shareholding as required by the listing rules of the Main Board of the Colombo Stock Exchange (CSE) as at 02 January 2018. TFIL is presently evaluating options and will take steps to comply with the minimum public holding requirement.

CT CLSA – Daily Report – 10 January 2018