Asha Phillip Securities Daily Stock Highlights 25 May 2015

The first trading day of the week ended with a slight drop, causing both indices to end within the red terrain as at the day’s closure. Retail activity was evident to a certain extent and off-market interest was only on COCR during the day which recorded a crossing of LKR 55.96Mn; the on -board contribution to the turnover exceeded LKR 700Mn. The benchmark ASPI settled the day slightly lower at 7,284.76 charting a minute drop of 3.98 points or 0.05%. The S&P SL20 ended the day within the red terrain at 4,053.82, down by 13.32 points (or 0.33%). The total market capitalization amounted to LKR 3.09Tn during the day, indicating a year to date loss of 0.33%. The market PER and PBV stood at 19.62x and 2.11x respectively.

The aggregate turnover for the day which amounted to LKR 763.31Mn indicated a drop of 15.62% from its LKR 904.58Mn recorded during the previous trading day; the three prime contributors for the day COCR, AAIC & ALUF accounted a share of 22.30% of the daily aggregated turnover. Commercial Credit & Finance PLC
(COCR) stood out as the prime contributor for the day’s total turnover by providing LKR 76.26Mn, accounting to 10% of it. COCR managed to touch a fresh 52 week apex at LKR 71.90/-, before ending the day at LKR 70/- charting a gain of LKR 2.0/
- or 2.94%. Asian Alliance Insurance PLC grabbed the second place by providing LKR 59.89Mn to the daily turnover. AAIC managed to gain considerable retail interest within the day where a total of 365K shares changed hands by way of 625 trades, at prices ranging from LKR 157.10/- to LKR 174.40/- (its highest price in 52
weeks). This was subsequent to the announcement made by the company stating that the board Directors of AAIC has decided to subdivide its