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First Capital’s Atchuthan Sriranga with the Market Review on Ada Derana – 11.12.2017

First Capital
First Capital’s Atchuthan Sriranga 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 stocks hit near 8-month closing low on foreign investor selling

DIMANTHA MATHEW, HEAD OF RESEARCH AT FIRST CAPITAL HOLDINGS PLC, SPEAKS TO REUTERS

DECEMBER 11, 2017

COLOMBO, Dec 11 (Reuters) – Sri Lankan shares extended falls into a second session on Monday, closing at their lowest in nearly eight months, as foreign investors sold blue chips such as conglomerate John Keells Holdings Plc.

The Colombo Stock Index dropped 0.28 percent to 6,357.41, its lowest close since April 17. It fell 0.6 percent last week in its fifth consecutive weekly drop but has gained 2 percent so far this year.

“Market is coming down on foreign selling on blue chips… maybe foreigners are moving away from equities ahead of the U.S. Fed rate announcement and moving into fixed income (investments),” said Dimantha Mathew, head of research at First Capital Holdings.

“Local investors are not active and are on holiday mood,” he added.

Shares of conglomerate John Keells fell 1.8 percent, Lanka ORIX Leasing Co Plc dropped 0.8 percent and Sri Lanka Telecom Plc declined 1.7 percent.

Turnover was 282.2 million rupees ($1.84 million), well below this year’s daily average of 941 million rupees.

Worries over a delay in local council polls and a lack of clarity over the budget and two other key policy measures weighed on sentiment, analysts said.

The Election Commission said on Dec. 4 that the council polls would be held before Feb. 17, amid concerns over political stability as coalition partners in President Maithripala Sirisena’s government had decided to contest separately in the council polls. ($1 = 153.0000 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.

Mr. Dilshan Wirasekara elected to the CSE Board

 

The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dilshan Wirasekara as a Director of the CSE Board with effect from 21st November 2017. Mr. Wirasekara is an investment banker and the Director/Chief Executive Officer of First Capital Holdings PLC. He is an experienced professional with a career spanning over 22 years, comprising diversified expertise in financial services including, treasury and investment management, capital market strategy and corporate finance advisory.

Having joined First Capital in 2013, Mr. Wirasekara steered the Company to establish itself as a key contributor to the local capital market industry. He was the former General Manager of Softlogic Capital PLC guiding investment and trading portfolio management across subsidiaries inclusive of the Group’s Licensed Finance Company, Composite Insurer and Equity Brokerage; prior to which he was Head of Treasury at Nations Trust Bank PLC. He is an Alumnus of INSEAD having successfully completed his Executive Professional Education at INSEAD Business School in Fontainebleau, France.

The CSE Board of Directors comprises of five Directors elected by CSE Member Firms and four Directors appointed by the Government of Sri Lanka.

First Capital’s Dimantha Mathew with the Market Review on Ada Derana – 10.12.2017

First Capital

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.

First Capital’s Hansinee Baddage with the Market Review on Ada Derana – 06.12.2017

First Capital

First Capital’s Hansinee Baddage, 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.

MARKET UPDATE ON ADA DERANA ENGLISH NEWS – 05.12.2017

First Capital’s Head of Research, 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.

MARKET UPDATE ON ADA DERANA ENGLISH NEWS – 04.12.2017

First Capital’s Senior Research Analyst Atchuthan Srirangan 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.

MARKET UPDATE ON ADA DERANA ENGLISH NEWS – 30.11.2017

First Capital’s Head of Research, 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 extend fall to near 3-month closing low

DIMANTHA MATHEW, HEAD OF RESEARCH AT FIRST CAPITAL HOLDINGS PLC, SPEAKS TO REUTERS

DECEMBER 5, 2017

COLOMBO, Dec 5 (Reuters) – Sri Lankan shares extended falls into a second session on Tuesday and closed at their lowest in nearly three months, dragged down by beverage stocks.

The Colombo Stock Index ended down 0.24 percent at 6,390.55, its lowest close since Sept. 14. It fell 0.03 percent last week, recording its fourth straight weekly drop, but has gained about 3 percent so far this year.

Worries over a delay in local council polls and a lack of clarity over the budget and two other key policy measures weighed on sentiment, said analysts.

Meanwhile, the Election Commission said on Monday that the council polls would be held before Feb. 17.

Investors are concerned about political stability as coalition partners in President Maithripala Sirisena government had decided to contest separately in the council polls.

Finance Minister Mangala Samaraweera imposed new taxes on motor vehicles, telecoms, banks and liquor in the 2018 budget presented last month, with a final budget vote scheduled for Dec. 9.

Analysts said market participants were seeking more clarity on those taxes and that there could be some amendments before the final vote.

The government also released gazette notifications on the Inland Revenue Act and the Exchange Control Act, with investors waiting for clarification on the new legislation.

Shares in Nestle Lanka Plc fell 1.5 percent on Tuesday, Commercial Leasing & Finance Plc ended 6.9 percent weaker, and Lanka ORIX Leasing Co Plc dropped 1.2 percent.

“The market is down on low volumes but the turnover was pushed by foreign to foreign block deals,” said Dimantha Mathew, head of research at First Capital Holdings.

“Local investor participation was low.”

Foreign buying accounted for 64 percent of the day’s turnover, which was 917.8 million rupees ($6 million), less than this year’s daily average of 943.3 million rupees.

Foreign investors were net buyers of equities worth 90.3 million rupees, extending the year-to-date net foreign inflow so far this year to 18.8 billion rupees worth of shares. ($1 = 153.3500 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; 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.<

Sri Lankan shares slip; telecom stocks lead

DIMANTHA MATHEW, HEAD OF RESEARCH AT FIRST CAPITAL HOLDINGS PLC, SPEAKS TO REUTERS

DECEMBER 4, 2017

COLOMBO, Dec 4 (Reuters) – Sri Lankan shares fell slightly on Monday, hovering near a more than two-month closing low hit early last week, with telecom stocks leading the decline.

The Colombo Stock Index ended down 0.09 percent at 6,405.91, hovering near its lowest close since Sept. 15 hit on Tuesday. It fell 0.03 percent last week, recording its fourth straight weekly drop, but has gained about 3 percent so far this year.

Worries over a delay in local council polls and a lack of clarity over the budget and two other key policy measures weighed on sentiment, said analysts.

Meanwhile, the Election Commission said on Monday that the council polls would be held before Feb. 17.

Investors are concerned about political stability as coalition partners in President Maithripala Sirisena government had decided to contest separately in the council polls.

Finance Minister Mangala Samaraweera imposed new taxes on motor vehicles, telecoms, banks and liquor in the 2018 budget presented last month, with a final budget vote scheduled for Dec. 9.

Analysts said market participants were seeking more clarity on those taxes and that there could be some amendments before the final vote.

The government also released gazette notifications on the Inland Revenue Act and the Exchange Control Act, with investors waiting for clarification on the new legislation.

Shares in Hatton National Bank Plc fell 1 percent, Sri Lanka Telecom Plc dropped 2.4 percent and Overseas Realty Plc ended 3.4 percent weaker.

“We saw some foreign interest coming in to the market when the market is at very low levels,” said Dimantha Mathew, head of research at First Capital Holdings.

“Local interest was not there but suddenly we saw some foreign interest coming into the market. Foreign investors are collecting at cheaper rates.”

Turnover was 716.1 million rupees ($4.67 million) on Monday, less than this year’s daily average of 943.3 million rupees.

Foreign investors were net buyers of equities worth 455.1 million rupees, extending the year-to-date net foreign inflow so far this year to 18.7 billion rupees worth of shares. ($1 = 153.5000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; 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.<