All posts by SEO - Epitom

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.

Sri Lankan shares snap winning streak, end lower on profit-taking

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

OCTOBER 16, 2017

COLOMBO, Oct 16 (Reuters) – Sri Lankan shares snapped a winning streak to end lower on Monday, slipping from their highest close in more than 10 weeks hit in the previous session, with investors booking profits in financials, brokers said.

The Colombo stock index ended 0.55 percent weaker at 6,595.94, slipping from its highest close since July 31 hit on Friday. Last week, the bourse rose 1.6 percent, posting its fifth straight weekly gain.

“Today, we saw some profit-taking in the market,” said Atchuthan Srirangan, senior research analyst, First Capital Holdings PLC.

“But the good thing is that profit-taking happened in low volumes. Foreigners are calm and waiting to see a direction.”

Shares of Hatton National Bank ended 3.7 percent weaker, Commercial Bank of Ceylon Plc closed 2.7 percent down and Sampath Bank Plc finished 2.7 percent down.

John Keells Holdings Plc ended down 0.2 percent.

Turnover was 394.9 million rupees ($2.57 million), less than half of this year’s daily average of 937 million rupees.

Foreign investors were net buyers of shares worth 3.3 million rupees on Monday, extending the year-to-date net foreign inflow to 20.2 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 team participates at “Invest Sri Lanka” Investor Forum – New York

Invest Sri Lanka NY 2017 2
The First Capital Team participating at ‘Invest Sri Lanka Forum – New York’ Director / CEO Dilshan Wirasekara, CEO of First Capital Equities Jaliya Wijeratne, Head of Research Dimantha Mathew and Assistant Manager Foreign Sale Ifadh Marikar.

 

The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with stock brokers in Sri lanka (CSE Member Firms) and leading listed companies was held yesterday (October 16) at the Sofitel New York receiving an unprecedented response from the Investor Community in New York.

The Invest Sri Lanka Investor Forum series is steered with the objective of promoting investment in Sri Lanka among institutional investors and to build strong interest among the investor community based in key global financial hubs.

CSE’ decision to host the Invest Sri Lanka event in New York, comes on the back of considerable foreign activity in share market investments in Sri Lanka during 2017. There has been a net foreign inflow of Rs. 40 billion recorded year-to-date in the primary and secondary markets.

“Foreign investors have shown confidence towards investing in Sri Lanka as they feel that most counters are undervalued and offer significant upside in the medium term” commented the Director/Chief Executive Officer of First Capital during an interview given in early September 2017.

Invest Sri Lanka NY 2017

MARKET OVERVIEW ON CHANNEL EYE’S BUSINESS TODAY – 04.10.2017

Stock-Brokers-in-Sri-Lanka

First Capital’s Dimantha Mathew with the Market Review on Channel Eye’s Business Today Program

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.

Turnover and Volumes Decline at CSE

Published on Hiru Business News | 13 October 2017

Trading at the Colombo Stock Exchange ended on a mixed note today (13), with low retail participation. The All Share Price Index moved up by 10.74 points to close the day at 6,632.30 while S&P SL20 shed by 2.22 to 3,915.42.

Turnover was Rs. 688.5 million while 30.5 million shares were traded.

A low foreign participation led to a marginal net foreign inflow to the market.

Read the Performance Review & Expectations here.

MARKET UPDATE ON ADA DERANA ENGLISH NEWS – 15.10.2017

Stock-Brokers-in-Sri-Lanka

First Capital’s Dimantha Mathew 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.

Sri Lankan shares rise for 4th session; beverage, diversified stocks up

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

OCTOBER 13, 2017

COLOMBO, Oct 13 (Reuters) – Sri Lankan shares rose for a fourth straight session on Friday and posted their highest close in more than 10 weeks, as investors bought beverage and diversified stocks, brokers said.

The Colombo stock index ended 0.16 percent firmer at 6,632.30, its highest close since July 31. It rose 1.6 percent this week in its fifth straight weekly gain.

“This week we have seen a big rally and today we saw some profit-taking, but the market ended firmer on the continued bullish trend,” said Atchuthan Srirangan, a senior research analyst with First Capital Holdings PLC.

Shares of Ceylon Cold Stores Plc ended 3.2 percent firmer, Lion Brewery (Ceylon) Plc rose 6.0 percent and John Keells Holdings Plc ended up 0.2 percent.

Turnover was 688.4 million rupees ($4.48 million), less than this year’s daily average of 937 million rupees.

Foreign investors were net sellers of shares worth 8.8 million rupees on Friday, after having bought 3.7 billion rupees of equities in the 16 sessions through Tuesday. They have net bought 20.2 billion rupees worth of shares so far this year. ($1 = 153.7000 Sri Lankan rupees) (Reporting by Ranga Sirilal; Editing by Subhranshu Sahu)

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.<

Government Securities Market Weekly Summary

Published on Ceylon Today | 2017-10-11

By First Capital Research

The market registered moderate trading activity in mid tenors, recording buying interest led by 2021 & 2025 maturities as yields dipped by 5bps amidst foreign buying. Shorter tenors stayed broadly flat throughout the week, following a steep rise in yield in last Tuesday’s (3) bill auction where 1 Year Bills surged to 9.32% as against 9.10% the previous week.

Liquidity & CBSL holdings

CBSL Holdings saw a slow rise during the week, followed by the funding gap created last week with Rs 23 billion maturities and acceptance in the bill auction falling to Rs 13 billion. In line, the system also experienced a rise in liquidity towards Friday and Monday. However, a sudden dip in liquidity was noted on Tuesday (10).

Foreign Interest

Foreign interest in Government securities has been relatively steady during the past few weeks, while last week the market also experienced a net foreign inflow of LKR 2 billion marginally, increasing the foreign holding to 6.02% from 6.00% in the previous comparative week.

Maturities for the week

The Government securities market has Treasury Bill maturities on LKR 23 billion, which needs to be settled on 13 Oct 2017. Further, the Government also needs to settle LKR 2.8 billion of Treasury Bond interest due 15 Oct 2017, which will be settled on 13 Oct 2017, the last working day for settlement.

Sri Lanka to add dollar-denominated board to Colombo Stock Exchange [Oxford Business Group]

Published on Oxford Business Group | 29 September 2017

The Colombo Stock Exchange (CSE) is finalising plans to launch a dollar trading board, part of a broader strategy to develop Sri Lanka’s bourse into a regional capital markets centre and boost the inflow of foreign funds.

 

Dilshan Wirasekara, CEO of First Capital, speaks to Oxford Business Group (OBG): “Foreign investors have shown confidence in the Sri Lankan economy, as they are determined to access local investment houses.”

Read the full article here.

 

Investment In Sri Lanka

 

 

Sri Lankan stx hit 9-wk high as blue chips gain

FIRST CAPITAL’S HEAD OF RESEARCH DIMANTHA MATHEW SPEAKS TO REUTERS

OCTOBER 6, 2017

COLOMBO, Oct 6 (Reuters) – Sri Lankan shares rose for a sixth straight session on Friday and closed at their highest in nine weeks as blue chips gained.

The Colombo stock index ended 0.34 percent higher at 6,529.05, its highest close since Aug. 4. The bourse rose 1.4 percent for the week, recording its fourth straight weekly gain.

Turnover stood at 922 million Sri Lankan rupees ($6.02 million), in line with this year’s daily average of 923.4 million rupees.

“The market is moving up steadily after breaching the psychological barrier of 6,500,” said Dimantha Mathew, head of research at First Capital Holdings.

“There was some profit-taking but the market is moving up on continued buying.”

Shares of Asiri Hospitals Plc gained 5.2 percent while Hatton National Bank Plc ended 1.1 percent higher and conglomerate John Keells Holdings Plc rose 0.2 percent.

Foreign investors, who bought a net 19.9 billion rupees worth of equities so far this year, were net sellers of 82.3 million rupees worth of shares on Friday.

Sri Lanka’s markets were closed on Thursday for a Buddhist holiday. ($1 = 153.2000 Sri Lankan rupees) (Reporting by Ranga Sirilal; Editing by Amrutha Gayathri)

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.<