Stock Market Indicators:

ASI: 6,483.5 (up 27 points, +0.42%), S&P SL20: 3,620.6 (up 4 points, +0.12%)

Turnover: Rs.455mn (+40%)

Exchange Rate 1US$ = Rs.158.04

Market Capitalization: US$19.2bn

Foreign Purchases: Rs.114mn (vs. Rs.40mn)

Foreign Sales: Rs.121mn (vs. Rs.33mn)

 

Seylan Bank – Non-Voting (SEYB-X – Rs.54.0) emerged as the top contributor to turnover with Rs.53mn (1.0mn shares), followed by Sampath Bank (SAMP – Rs.298.5) with Rs.42mn turnover (0.1mn shares) and John Keells Holdings (JKH-N – Rs.158.9) with Rs.38mn turnover (0.2mn shares)

 

Local Economy News:

Sri Lanka’s 3-month, 6-month and 12-month Treasury bill Yields rose by 22bps, 38bps and 05bps to 8.33%, 8.90% and 9.70% respectively.

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20180516_T_Bill_Auctions_Held_on_16_05_2018_e.pdf

 

Corporate Announcement:

Distilleries Company of Sri Lanka (DIST) disclosed that it 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 30 April 2018.

https://cdn.cse.lk/cmt/upload_cse_announcements/5591526470701_.pdf

 

It was announced that the case pertaining to the winding up application of PC House (PCH) has been postponed to 20 June 2018.

https://cdn.cse.lk/cmt/upload_cse_announcements/6131526470536_.pdf

 

Results for the Period Ended 31 March 2018:

Singer Finance (Lanka) (SFIN) reported a net profit of Rs.127mn for 4Q18 (+60% YoY), resulting in a net profit of Rs.443mn for FY18 (+20% YoY)

Balangoda Plantations (BALA) reported a net loss of -Rs.11mn for 1Q2018 (vs. a net profit of Rs.15mn in 1Q2017)

Amana Takaful (ATL) reported a net profit of Rs.52mn for 1Q2018 (+47% YoY)

Hayleys Fabric (MGT) reported a net loss of -Rs.543mn for 4Q18 (vs. a net loss of -Rs.17mn in 4Q17), resulting in a net loss of -Rs.680mn for FY18 (vs. a net profit of Rs.490mn in FY17)

 

CT CLSA Daily Report – 16 May 2018