Stock Market Indicators:

ASI: 6,439.3 (down 8 points, -0.13%), S&P SL20: 3,746.2 (down 1 points, -0.03%)

Turnover: Rs.491mn (-44%)

Exchange Rate 1US$ = Rs.153.92

Market Capitalization: US$19.1bn

Foreign Purchases: Rs.264mn (-65%)

Foreign Sales: Rs.117mn (-42%)

Hatton National Bank – Voting (HNB-N – Rs.253.0) emerged as the top contributor to turnover with Rs.162mn (0.6mn shares), followed by John Keells Holdings (JKH-N – Rs.159.6) with Rs.159mn turnover (1.0mn shares) and Sampath Bank (SAMP – Rs.318.0) with Rs.59mn turnover (0.2mn shares)

Local Economy News:

Sri Lanka’s 6-month Treasury Bill Yields declined by 9bps to 7.97% and 12-month Treasury bill Yields increased by 5bps to 8.85%. Meanwhile 3-month Treasury bill Yields were not offered.

Corporate Announcements:

Distilleries Company of Sri Lanka (DIST), Renuka Capital (KZOO), Browns Beach Hotels (BBH) and Ceylon and Foreign Trades (CFT) disclosed that they were 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 31 December 2017.

Results for the Period Ended 31 December 2017

Tea Smallholder Factories (TSML) reported a net profit of Rs.9mn for 3Q18 (-64% YoY), resulting in a net profit of Rs.55mn for 1-3Q18 (+37% YoY)

The Autodrome (AUTO) reported a net profit of Rs.4mn for 3Q18 (vs. a net profit of Rs.1mn in 3Q17), resulting in a net profit of Rs.17mn for 1-3Q18 (+6% YoY)

CT CLSA – Daily Report – 17 January 2018