Daily Review | 16 December 2014 ASPI   0.09% | S&P SL20 0.05% The downtrend persisted with both indices declining during the day. The ASPI lost 6.70 points to close at 7223.56 points while the S&P SL20 Index closed at 4067.46 points, down 2.15 points. Market turnover however, increased relative to yesterday to amount to LKR 543.75mn with crossings in JKH, LLUB and COMB accounting for 15.7% of total turnover value. Foreign investors meanwhile, recorded a net buying position of LKR 57.36mn. Top Gainers & Losers 7245 7233 7221 7209 7197 7185 9.30 10.10 10.50 8% 0% -8% -16% Top Turnover (excl. Crossings) Current (Price) Turnover (Rs. Mn) Share Volume (‘000s) 250.00 102.00 22.10 1015.00 74.00 71 56 37 34 25 283 556 1,568 34 334 11.30 12.10 12.50 1.30 2.10 Market Statistics ASPI S&P SL20 Volume (Mn) Turnover (Rs. Mn) Market Cap. (Rs. Mn) Net Foreign Position (Rs. Mn) : Foreign Purchases Foreign Sales PER (x) PBV (x) 16% JKH.N UML.N TFC.N CTC.N HHL.N Intraday Trading Current Previous % 7223.56 4067.46 26,770 544 3,070 7230.26 4069.61 25,738 340 3,073 -0.09% -0.05% 4.0% 59.7% -0.09% 57.36 60.93 -6% 201 144 13.19 1.88 102 41 13.21 1.88 97.8% 252.7% n.a n.a Significant Crossings (by Transaction Value) Quantity Price T/O (Rs. Mn) JKH 165,353 252.00 42 LLUB 56,112 390.00 22 COMB 127,091 170.00 22 Source: Colombo Stock Exchange & Bloomberg Daily Review | 16 December 2014 Sector Performance Chem & Pharma, -1.28% Footwear & Textiles, 2.57% Healthcare, -1.17% ASPI 0.09% Diversified, -0.67% Manufacturing, -0.23% Hotels & Travel, -0.22% Land & Property, 0.61% Trading, 0.86% Motors, 0.84% IT, 0.72% Corporate Announcements None for 16th December 2014. Source: Colombo Stock Exchange & Bloomberg Daily Review | 16 December 2014 Net Foreign Flows Net Foreign Sales (15th Dec - 16th Dec) Net Foreign Purchases (15th Dec - 16th Dec) DISTILLERIES CEYLON TOBACCO Volume Change ('000s) RENUKA HOLDINGS[X.0000] Volume Change ('000s) SLT LAUGFS GAS[X.0000] LAUGFS GAS TEXTURED JERSEY ACL COM.CREDIT TOKYO… THE FINANCE CO. COMMERCIAL BANK CHEVRON TOKYO CEMENT RENUKA AGRI HEMAS HOLDINGS AMANA BANK JKH *BROWNS INVSTMNTS - 84 168 252 336 420 (200) (160) (120) (80) (40) - *Volume change of Browns Investments 2.00mn shares between 15th Dec -16th Dec not displayed Companynot displayed Foreign Holding (%) 15/12/14 15/12/14 Net Change Value* (LKR. Mn) Company Foreign Holding (%) 15/12/14 15/12/14 CHEVRON 32.7% 32.7% Net Change Value* (LKR. Mn) (56,112) (21.9) JKH 52.8% 52.8% 406,542 101.6 HEMAS HOLDINGS 21.0% 21.0% 331,598 24.5 BROWNS INVSTMNTS 1.0% 1.1% (2,000,000) (3.6) 1.5% 1.5% (42,000) (3.2) COMMERCIAL BANK 38.3% 38.3% 137,959 23.5 ACL CEYLON TOBACCO 96.7% 96.7% 18,050 18.3 DISTILLERIES 24.4% 24.4% (6,500) (1.4) not displayed TOKYO CEMENT 31.4% 31.3% 192,899 12.3 LAUGFS GAS 0.5% 0.5% (31,400) (1.3) TOKYO CEMENT[X.0000] 23.4% 23.3% 105,575 4.9 THE FINANCE CO. 0.4% 0.5% (54,000) (1.2) COM.CREDIT 19.1% 19.1% 50,048 2.3 AMANA BANK 57.1% 57.1% (165,000) (0.8) 45.0% 45.0% (14,400) (0.7) not displayed. SAMPATH 17.9% 17.9% 9,499 2.2 SLT COMMERCIALBANK[X.0000] 21.1% 21.1% 14,000 1.7 LANKA WALLTILE 0.8% 0.8% (5,000) (0.5) 1.2 RENUKA AGRI 13.7% 13.7% (60,893) (0.3) NAT. DEV. BANK 42.2% 42.2% *Value based on VWA price and not on actual traded price 5,000 *Value based on VWA price and not on actual traded price Source: Colombo Stock Exchange Daily Review | 16 December 2014 Corporate & Macro Developments Corporate News | THE FINANCE COMPANY Macro-Economic & Other News | TFC.N SRI LANKA LAUNCHES USD 50MN PRIVATE EQUITY FUND The Central Bank approved a long term concessionary loan facility from the Sri Lanka Deposit Insurance and Liquidity Support Fund in order to support the liquidity requirements of TFC. The move is the 2nd phase of restructuring for the Group. New York based Zephyr Management and NDB Bank Group launched ‘Emerald Sri Lanka Fund’, a USD 50Mn private equity fund, which provides financing to small and medium enterprises in Sri Lanka. The fund will invest in small and mid-sized businesses seeking growth. Source: Central Bank of Sri Lanka_ www.cbsl.gov.lk Source: Lanka Business Online_www.lankabusinessonline.com Daily Review | 16 December 2014 Disclaimer Distributed in Sri Lanka and abroad by Acuity Stockbrokers (Private) Limited (ASB) and its authorized representatives. ASB is fully owned by Acuity Partners (Pvt) Ltd (APL) and APL is a joint venture of DFCC Bank and Hatton National Bank PLC. The Information contained herein has been compiled from sources that ASB (“The Research Institution”) believes to be reliable but none of the Research Institution holds itself responsible for its completeness or accuracy. It is not an offer to sell or a solicitation of an offer to buy any securities. The Research Institution and its affiliates and its officers and employees may or may not have a position in or with respect to the securities mentioned herein. The Research Institution and its affiliates may from time to time have consulting relationship with any company, which is being reported upon. This may involve the Research Institution providing significant corporate finance services or acting as the company’s official or sponsoring broker. All opinions and estimates included in this report constitute judgment as of this date of the Research Institution and are subject to change or amendment without notice. The Research Institution has the copyright for this report and the views herein cannot be reproduced and/or distributed in any form without the explicit (written or otherwise) permission from Research Institution. Daily Review | 16 December 2014 Research Team | Sales Team | Chethana Ellepola (+94) 112 206 256 [email protected] Deva Ellepola (+94) 112 206 220/221 [email protected] Anjula Nawarathna (+94) 112 206 255 [email protected] Prashan Fernando (+94) 112 206 222 [email protected] Anouk Weerasinghe (+94) 112 206 254 [email protected] Kapila Pathirage (+94) 112 206 227/228 [email protected] Nilruk Soysa (+94) 112 206 255 [email protected] Naren Godamunne (+94) 112 206 225 [email protected] Roshan Noah (+94) 112 306 237/257 [email protected] Arjuna Dasanayake (+94) 112 206 235 [email protected] Amarasena Liyanage (+94) 112 206 231 [email protected] Susil Fernando (+94) 112 206 234 [email protected] Navin Dullewe (+94) 112 206 230 [email protected] Chathura Siyambalapitiya (+94) 112 206 232 [email protected] S. Vasanthakumar (+94) 112 206 250/251 [email protected] Dhammika Wanniarachchi (+94) 112 206 229 [email protected] Shivane Wijayaratnam (+94) 112 206 236 [email protected] Sameera Rajawatte (+94) 112 206 279 [email protected] Dilanjan Perera (+94) 112 206 278 [email protected] Rukshan De Mel (+94) 112 206 268 [email protected] Kumar Dias Desinghe (+94) 814 474 443 [email protected] Prasanna Semasinghe (+94) 814 474 443 [email protected]