Navara Daily Market Insights 12th June 2015

Colombo Stock Exchange traded on a positive note with All Share Price Index closing 9.76 higher at 7,061.28, 0.14% up while S&P SL20 closed 10.13 higher to close at 3,916.15, 0.26% up.

Daily turnover crossed Rs.1Bn mark to Rs.1.59Bn, a significant improvement of 91% compared to previous trading day. Highest contributions to the turnover came from
Sampath Bank PLC, Access Engineering PLC and Commercial Bank of Ceylon PLC with Rs.138Mn, Rs.96Mn and Rs.86Mn turnover respectively.

Overall, Market was dominated by local investors with participating to 96% of the
turnover. However locals were net buyers, while foreigners were net sellers of
Rs.865Mn worth of shares.

The aggregate value of all off-the-floor deals represented 47% of the daily turnover
with five quantities of five companies recorded block trades during the day.
On diversified sector, John Keels Holdings PLC quantity worth of Rs.554Mn changed
hands at Rs.191.00 per share.

On the Banking & Finance sector, Rs.81.5Mn worth quantities of People’s Leasing &
Finance PLC crossed hands at Rs.23.30 per share while National Development Bank
PLC with a quantity worth of Rs.67mn changed hands at Rs.259.00 per share.
Moreover, a block trade of Sampath Bank with a quantity worth of Rs.25.5Mn
changed hands at Rs.255.00 per share and Hatton National Bank PLC- Non Voting of a quantity worth Rs.21Mn crossed hands at Rs.173.00 per share.

Retail interest was on Access Engineering PLC and Ceylon & Foreign Trades PLC with
recording highest number of trades of 803 and 759 trades respectively.

Top gainers list was led by Office equipment PLC with 21.02% return for the day and closed Rs.347.30 higher at Rs.1,999.30. Meanwhile top decliners list was led by Ramboda Falls PLC with 8.81% price deprecation and closed Rs.2.90 lower at Rs.30.00.

Central Bank of Sri Lanka rejected treasury bond issued for 4 years and 10 months
maturities held on 12th June 2015 while accepting Rs.5.3Bn on 7 years and 03 months maturities at weighted average yield of 8.56% which was flat compared to the last treasury bond with same maturities. Moreover, CBSL also accepted Rs.9.60Bn on 09 years 09 months maturities with a weighted average yield of 8.89% and it was 12bps up from the previous Treasury bond auction which was held for the same maturities on 22nd May 2015 .