Sri Lankan shares hit near 3-month closing high; banks lead

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN SPEAKS TO REUTERS

OCTOBER 26, 2017

COLOMBO, Oct 26 (Reuters) – Sri Lankan shares touched a near three-month closing high on Thursday as investors picked up bank and diversified shares, brokers said.

The Colombo stock index finished 0.28 percent firmer at 6,633.20, its highest close since July 31.

Shares of the biggest listed lender, Commercial Bank of Ceylon Plc, rose 1.8 percent while Hemas Holdings Plc ended 2.4 percent higher. Sampath Bank Plc climbed 2.3 percent while conglomerate John Keells Holdings Plc gained 0.7 percent.

“Market is up on foreign blue chip buying. Foreigners are active again and block deals pushed the turnover levels,” said Atchuthan Srirangan, senior research analyst, First Capital Holdings PLC.

“Retail investors are still awaiting corporate results and budget, but foreign investors are active.”

Finance Minister Mangala Samaraweera will present the 2018 budget on Nov. 9.

Turnover stood at 1.2 billion rupees ($7.8 million), more than this year’s daily average of 938.3 million rupees.

Foreign investors net bought shares worth 36.1 million rupees on Thursday, extending the year-to-date net foreign inflow to 19.7 billion rupees worth equities. ($1 = 153.4500 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Vyas Mohan)

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.<

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital sponsor Ninth Hole at Rotary Metro Charity Par 3 Golf Classic

The Rotary Metro Charity Par 3 Golf Classic organized by the Royal Colombo Golf Club in partnership with the Rotary Club of Colombo Metropolitan is scheduled to be held tomorrow 28th October 2017.

As the exclusive sponsor of the Ninth Hole and Hut First Capital has planned some exciting give-aways for the golfers who are expected to tee-off from the Ninth.

The First Capital Hole-in-One challenge, will be the highlight at this hole, where the  first to land a Hole-in-One on the Ninth at the Rotary Metro Par 3 Golf Classic – 2017 tomorrow and win a complimentary return ticket to Bali, Indonesia.

First Capital Holdings PLC is an investment bank providing best-spoke Private Wealth Management in Sri Lanka. With our expertise in a comprehensive range of financial instruments, market access and insights on investment trends, we provide our clients with clear guidance to achieve their investment goals. First Capital offer Private Wealth Management in Sri Lanka on systematic financial planning and investment solutions tailored to fit return requirements, risk tolerance, liquidity preferences, tax position and other relative factors.

 

Sri Lanka stocks down, block deal in Sampath Bank

Oct 23, 2017 | 19:34 PM

ECONOMYNEXT – Sri Lankan shares ended weaker Monday with a crossing or off-the-floor negotiated block deal in Sampath Bank accounting for just over half the turnover, brokers said.

The All Share Price Index fell 2.14 points (0.03%) to 6,570.56 while the more liquid SP SL20 index closed down 4.28 points (0.11%) at 3,827.14. Turnover was just over Rs1 billion.

First Capital Equities said both turnover and volume increased owing to high foreign participation which led to a marginal net foreign inflow into the market, although low compared to the previous week’s closing levels.

Foreign buying was mainly in Chevron Lubricants Lanka and National Development Bank while foreign selling was mainly in Tokyo Cement and John Keells Holdings.
(COLOMBO, October 23, 2017)

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

Sri Lankan shares end steady ahead of corporate results, budget

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN SPEAKS TO REUTERS

OCTOBER 23, 2017

COLOMBO, Oct 23 (Reuters) – Sri Lankan shares ended little changed on Monday, hovering near a two-week low hit last week, as investors waited for direction from upcoming corporate results and the national budget next month, brokers said.

Finance Minister Mangala Samaraweera will present the 2018 budget on Nov. 9.

The Colombo stock index finished 0.03 percent weaker at 6,570.56, hovering near its lowest close since Oct. 10 hit on Thursday. The index fell 0.9 percent last week, its first weekly fall in six.

“Block deals pushed the turnover, while the index is stagnant with low retail participation,” said Atchuthan Srirangan, senior research analyst at First Capital Holdings PLC.

Gains led by beverages and telecom shares were offset by losses in banking stocks, the data showed.

Shares of biggest listed lender Commercial Bank of Ceylon Plc ended 0.9 percent lower, while Sampath Bank Plc , which accounted for 51 percent of the day’s turnover on a block deal, closed down 0.9 percent.

Ceylon Cold Store Plc climbed 1 percent higher, while Sri Lanka Telecom rose 0.3 percent.

Turnover stood at 1 billion rupees ($6.51 million), less than this year’s daily average of 938.4 million rupees.

Foreign investors were net buyers of shares worth 17 million rupees on Monday, extending the year-to-date net foreign inflow to 19.2 billion rupees worth of shares. ($1 = 153.6000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Biju Dwarakanath)

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.<

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

MARKET UPDATE ON ADA DERANA ENGLISH NEWS – 22.10.2017

Stock-Brokers-in-Sri-Lanka

First Capital’s Senior Research Analyst Amanda Lokugamage with the Market Review on Ada Derana

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

Sri Lankan shares recover from 10-day low in dull trade

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN SPEAKS TO REUTERS

OCTOBER 20, 2017

COLOMBO, Oct 20 (Reuters) – Sri Lankan shares snapped a three-session decline to end slightly firmer on Friday, as investors picked up beverage shares in thin volume, brokers said.

The Colombo stock index finished 0.26 percent higher at 6,572.70, edging up from its lowest close since Oct. 10 hit in the previous session. But the bourse fell 0.9 percent for the week, recording its first weekly fall in six.

“Some retail activities in mid-cap shares helped the market to end higher. The retail activities gave some boost to investor sentiment,” said Atchuthan Srirangan, senior research analyst, First Capital Holdings PLC.

“Foreign investors were net buyers for the day and that also helped the market to end up.”

Shares of Ceylon Tobacco Company Plc ended 3 percent higher while Chevron Lubricants Lanka Plc closed 4.6 percent up and Nestle Lanka Plc finished 2.6 percent firmer.

Turnover was 568.1 million rupees ($3.70 million), less than this year’s daily average of 938 million rupees.

Foreign investors were net buyers of shares worth 51.9 million rupees on Friday extending the year-to-date net foreign inflow to 19.1 billion rupees worth of shares.

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.<

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

Sri Lankan shares end lower for third session; block deals boost turnover

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN SPEAKS TO REUTERS

OCTOBER 19, 2017

COLOMBO, Oct 19 (Reuters) – Sri Lankan shares ended down for a third straight session on Thursday to hit near a one-week low, led by banking stocks while block deals boosted the turnover, brokers said.

The Colombo stock index ended 0.25 percent weaker at 6,555.46, its lowest close since Oct. 10. The stock, bond, and foreign exchange markets were closed on Wednesday for Diwali, the Hindu festival of lights.

“The market continue to be in the red zone with investors selling shares which gained in the past few days,” said Atchuthan Srirangan, senior research analyst, First Capital Holdings PLC.

“The retail investors are on the sideline as the market continued to be on the red zone. But turnover is boosted by some big deals.”

Shares of Hatton National Bank ended down 2.5 percent while the biggest-listed lender Commercial Bank of Ceylon Plc closed 0.5 percent weaker and Asiri Hospitals Plc finished 1.9 percent down.

Turnover was 1.1 billion rupees ($7.16 million), more than this year’s daily average of 939.9 million rupees.

Foreign investors were net buyers of shares worth 17.2 million rupees on Thursday extending the year to date net foreign inflow to 19.1 billion rupees worth of shares.

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.<

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

Sri Lankan shares end down

Oct 17, 2017 | 17:51 PM

ECONOMYNEXT – Sri Lankan shares ended weaker for a second day Tuesday with the sale among the owning family of a controlling stake in East West Properties which has a subsidiary operating a Marriot resort on the south coast boosting turnover, brokers said.

The All Share Price Index fell 23.89 points (0.36%) to close at 6,572.05 while the more liquid SP SL20 index rose 2.68 points (0.1%) to close at 3,847.98. Turnover was Rs1.89 billion.

First Capital Equities said the ASPI showed a continuous down trend during the day, while a low foreign participation led to a net foreign out flow from the market.

Price depreciation in 78 counters led by Dialog Axiata and Sri Lanka Telecom weighed heavily on the index negating the effect of 47 positive contributors led by Ceylon Cold Stores and Commercial Bank, they said.

A stake of almost 64% or 88.3 million shares of East West Properties (Pvt) Ltd., held by Asia 2000 Investments Inc., owned by Nahil Wijesuriya, was sold at Rs12.40 a share for Rs1.1 billion. The sale was to Wijesuriya’s children, Vijitha, Vinodhini and Vajira, a stock exchange filing said.

East West Properties closed at Rs12.90, up 50 cents or 4%.

The company has a 71.8% stake in Weligama Hotel Properties, whose Marriott Resort & Spa in Weligama Bay with 198 rooms began operations in July 2017.
(COLOMBO, October 17, 2017)

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

Sri Lankan shares hit near one-week closing low on profit-taking

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN SPEAKS TO REUTERS

OCTOBER 17, 2017

COLOMBO, Oct 17 (Reuters) – Sri Lankan shares ended down for a second straight session on Tuesday, slipping further from their highest close in more than 10 weeks hit last week, with investors booking profits in telecom stocks while block deals boosted the turnover, brokers said.

The Colombo stock index ended 0.36 percent weaker at 6,572.05, its lowest close since Oct. 11. Last week, the bourse rose 1.6 percent, posting its fifth straight weekly gain.

“Today, we observed that profit-taking was still on,” said Atchuthan Srirangan, senior research analyst, First Capital Holdings PLC.

“The turnover is boosted by some big deals. We saw a foreign selling of over 1 billion rupees in East West Properties which might trigger more foreign selling in future.”

Shares of Dialog Axiata Plc ended 3.1 percent weaker, Sri Lanka Telecom Plc finished 5.4 percent down, while Lion Brewery Plc closed down 4.7 percent.

Shares of East West Properties Plc, which accounted for 58 percent of Tuesday’s turnover and saw 88 million shares of foreign selling, ended 4 percent up.

Turnover was 1.9 billion rupees ($12.38 million), more than double of this year’s daily average of 939 million rupees.

Foreign investors were net sellers of shares worth 1.1 billion rupees on Tuesday. They have, however, net bought 19.1 billion rupees worth of shares so far this year.

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.<

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

Monthly Economic Watch – October 2017

Content Briefing

  • Monetary Policy Review
  • IMF
  • Inflation
  • M2B & Sector Credit
  • Reserves & Liquidity
  • Currency Movement
  • Government Securities
  • Finance Sector Rate Movement
  • External Sector
  • Tourist Arrivals
  • Global Markets

Read the full report here: Monthly Economic Watch – October 2017

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka proving services to invest in Sri Lanka through fixed income securities such as investments in government securities– treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank, and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka.
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.