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Stock Market Indicators:

ASI: 5,917.2 (down 32 points, -0.54%), S&P SL20: 2,904.6 (down 50 points, -1.68%)

Turnover: Rs.1,088mn (-60%)

Exchange Rate 1US$ = Rs.176.90

Market Capitalization: US$15.8bn

Foreign Purchases: Rs.670mn (+56%)

Foreign Sales: Rs.707mn (-64%)

John Keells Holdings (JKH-N – Rs.149.0) emerged as the top contributor to turnover with Rs.593mn (4.0mn shares), followed by Access Engineering (AEL – Rs.20.0) with Rs.74mn turnover (3.7mn shares) and Commercial Bank of Ceylon – Voting (COMB-N – Rs.105.6) with Rs.65mn turnover (0.6mn shares)

Corporate Announcement:

Ceylon Hotels Corporation (CHOT) disclosed details pertaining to the corporate guarantees issued by CHOT in order to facilitate the moratoriums offered by banks to its subsidiary companies following the Easter Sunday terror attacks. The aggregate value of the corporate guarantees given by CHOT to its subsidiaries exceeds 20% of the net worth of the entity as per the latest balance sheet of the company.


Corporate Announcement (related to Minimum Public Float requirements):

Commercial Development Company (COMD) 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 31 July 2019.


Results for the Period ended 30 June 2019

Commercial Bank Of Ceylon (COMB) reported a net profit of Rs.3,451mn for 2Q2019 (-11% YoY), resulting in a net profit of Rs.6,581mn for 1H2019 (-18% YoY)

Melstacorp (MELS) reported a net profit of Rs.1,184mn for 1Q20 (+50% YoY)

Nations Trust Bank (NTB) reported a net profit of Rs.641mn for 2Q2019 (-32% YoY), resulting in a net profit of Rs.1,414mn for 1H2019 (-25% YoY)

C T Land Development (CTLD) reported a net profit of Rs.56mn for 1Q20 (-17% YoY)

Lanka Orix Leasing Company (LOLC) reported a net profit of Rs.7,509mn for 1Q20 (vs. a net profit of Rs.2,586mn in 1Q19)

ACL Cables (ACL) reported a net profit of Rs.92mn for 1Q20 (+9% YoY)

Ceylon Hospitals (Durdans) (CHL) reported a net profit of Rs.51mn for 1Q20 (-37% YoY)

Nawaloka Hospitals (NHL) reported a net loss of -Rs.78mn for 1Q20 (vs. a net loss of -Rs.4mn in 1Q19)

ODEL (ODEL) reported a net loss of -Rs.210mn for 1Q20 (vs. a net profit of Rs.21mn in 1Q19)

Laugfs Gas (LGL) reported a net loss of -Rs.268mn for 1Q20 (vs. a net loss of -Rs.232mn in 1Q19)