Tag Archives: Stock brokers in Sri Lanka

First Capital Holdings – Head of Research’s interview on Channel Eye Business Today-16.01.19

Investment in Sri Lanka

Dimantha Mathew, Head of Research at First Capital discussing how the overall macro-economic conditions will positively affect the stock market and share market investments in 2019, and sectors booming in the short to medium term on Business Today – Channel Eye 16-01-2019. 

First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research deliver heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.

First Capital Research expects a continuation of policy rates at current levels

Feb 21, 2019 (LBO) – First Capital Research said it expects a continuation of monetary policy rates at current levels although they recognize an increased probability of 10 percent for a rate cut considering the prevailing below par GDP growth and sluggish credit growth.

First Capital Research expects the Central Bank to keep Statutory Reserve Ratio (SRR) unchanged at 6.00 percent amidst slow economic activities and to allow the impact of a previous rate hike to materialise.

The Monetary Board of the Central Bank will announce the monetary policy review No.1 of 2019, tomorrow at 7.30 a.m.

On a base case, First Capital Research expects 2 rate cuts of 25bps each during 2019 (2Q & 4Q) as overnight Central Bank standing lending facility rate which stands at 9.0 percent, they believe is too high for accelerated economic activity.

In early January the secondary market yield curve experienced a parallel downward shift predominantly on the belly and long end of the curve followed by a brief uptrend with the overall curve dipping by 22-60bps.

“Equity market saw a continuous downward shift with low activities and foreign outflow of LKR 5.1Bn YTD. However, the debt market saw an inflow of LKR 20.5Bn since mid-Jan 2019,” First Capital Research said.

“On the back of foreign inflows and accelerated USD conversions by exporters, USD: LKR strengthened towards the early Feb 2019, to reach LKR 176.65 on 01 Feb from 2018 closing of 182.90 and stabilising around 178.00-179.00 levels,”

“CBSL holdings increased throughout the period to peak at LKR 177.2Bn and stabilized around LKR 176.3Bn while market liquidity shortage widened to LKR 139.3Bn towards mid-Jan 2019 and narrowed to fall below LKR 70.0Bn.”

The firm observed that the instability in political front continued as further delay in holding provincial council elections, major political parties not having nominated their prospective Presidential candidate while divergence between the President and the UNF continue to persist.

Meanwhile, the Fed indicated the adoption of a cautious approach signaling that the tightening phase might be coming to an end amid rising risks to economic growth.

Fed Reserve officials decided to keep rates unchanged at the first meeting for 2019 as Policymakers is of the view that they have the capacity to wait and carefully take stock of the incoming data and other developments.

Anjelo Simmons, Chief Dealer of First Capital discussing about the Investment in Sri Lanka – State of Business – Art Tv 19-02-2019

Invest in Sri Lanka

Anjelo Simmons, Chief Dealer of First Capital discussing about the Investment in Sri Lanka, and the expected development in the Market on State of Business – Art Tv 19-02-2019

First Capital is an investment bank offering independent advice and transaction execution relating to capital raising and other strategic needs including mergers and acquisitions for investment in Sri Lanka. The Company’s industry leading transactions are reflective of the ingenuity in enabling the most opportune financing processes for our clients. First Capital’s services for investment in Sri Lanka include a total service for public offers of corporate debt, acting in the capacity of managers/ financial advisors and placement agents, in addition to due diligence, pre-offer preparation, offer management, distribution strategy and after-market advisory services, initial public offerings, secondary offerings such as rights issues, corporate actions including mandatory and voluntary offers, private placements and at-market placements of listed securities.

First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research deliver heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.

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.

1-Yr T-bill rises to 10.72%

Ceylon Today |15. 02.2019

By First Capital Research
Weekly Yield movement and Volume
The secondary market yield curve remained relatively unchanged; however, towards the latter sessions of the week, the yield curve shifted slightly upwards due to selling pressure witnessed on the belly end of the curve. The USD/LKR ranged between Rs 177.60-178.50, on the back of continued foreign buying interest in Government Securities witnessed previous weeks. At the primary bill auction held on 13 February 2019, total offered amount was accepted in one-year bill at a weighted average yield of 10.72 per cent, increasing marginally by 3bps from previous week with both the three-month and six-month being rejected.

 
Liquidity and CBSL Holdings
CBSL market liquidity remained negative throughout the week, although recorded a significant improvement compared to the previous week by narrowing the negativity during the week. Highest liquidity deficit for the week was recorded on 7 February, amounting to Rs 103.8B. Meanwhile, CBSL holdings remained relatively stable at Rs 176.3B.

 
Foreign Interest
Foreign holding was recorded at Rs 162.6 billion, recording an increase of Rs 11.5 billion, while witnessing foreign buying in government securities for the third consecutive week. Foreign holding percentage for the week improved to 3.1 per cent.

 
Maturities for next week
Government securities market has a Treasury bill maturity amounting to Rs 21.7 billion, which needs to be settled on
22 February 2019.

 
Daily summary
Thursday (07.02.19): The secondary market yield curve continued to remain broadly steady while market witnessed moderate volumes. Selling interest was witnessed on short-tenure 2021 and mid-tenure 2027 maturities, with [01.08.21] trading at 10.95 per cent, [15.12.21] at 11.00 per cent and [15.01.27] at 11.30 per cent and [15.06.27] at 11.35 per cent, while mixed activities were witnessed on mid-tenure [15.12.23] at 10.97-11.03 per cent levels.


Friday (08.02.19):
 The secondary market yield curve continued to remain mostly unchanged on the back of limited activities with moderate volumes changing hands during the day. Selling interest was witnessed on short-tenure [01.08.21] and [15.12.21] around 11.00 per cent mainly from local and foreign counter parties while limited activities were witnessed on [15.06.27] at 11.37 per cent.


Monday (11.02.19):
 Secondary market activities dried up as the market was at a complete standstill with participants adopting a wait-and-see approach ahead of the primary bill auction to be held on [13.02.19], while yield curve continued to remain unchanged from last week’s closing levels. CBSL is offering Rs 21.0 billion at this week’s primary auction consisting of three-month, six-month and one-year bills.


Tuesday (12.02.19): 
Secondary market saw moderate volumes compared to yesterday’s standstill state, while the belly and long end of the yield curve experienced an upward shift amidst selling pressure stemmed from foreigners. Foreign selling predominantly centered on mid-tenure, [01.08.26] at 11.30-37 per cent and [15.06.27] at 11.37-40 per cent while the following maturities reached intraday high with two 2021 maturities ([01.08.21] and [15.12.21]) at 11.00 per cent and 11.02 per cent, [15.12.23] at 11.10 per cent, [15.03.25] at 11.30 per cent with foreign buying was witnessed on [15.12.23] at 11.05-11.10 per cent levels.


Wednesday (13.02.19):
 Belly-end of the yield curve shifted slightly upwards prior to the primary bill auction held on 13 February 2019 while secondary market witnessed low volumes.
At the primary bill auction, total offered amount was accepted in one-year bill at a weighted average yield of 10.72 per cent, increasing by a marginal 3bps from previous week with both six-month and three-month were being rejected. During the day, short-tenure two 2021 maturities ([01.08.21] and [15.12.21]) reached intraday high of 11.05 per cent and 11.00 per cent, while mid-tenure maturities [01.08.26] traded at day’s high of 11.40 per cent and [15.06.27] at 11.43 per cent.

Hiruni Perera, Senior Research Analyst , at First Capital commenting on the bond and equity market performance – 13.02.2019

Share Market Investment Sri Lanka

Hiruni Perera, Senior Research Analyst, at First Capital Holdings PLC commenting on the bond and the equity market performance on Ada Derana – 13.02.2019

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.

Dimantha Mathew, Head of Research at First Capital Holdings, Commenting on the Bond and the Equity Market Performance on Ada Derana – 07.02.2019

Investment in Sri Lanka

First Capital’s Dimantha Mathew Commenting on the Bond and the Equity Market Performance 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 Dimantha Mathew with the Market Review on Ada Derana

First Capital is an investment bank offering independent advice and transaction execution relating to capital raising and other strategic needs including mergers and acquisitions for investment in Sri Lanka. The Company’s industry leading transactions are reflective of the ingenuity in enabling the most opportune financing processes for our clients. First Capital’s services for investment in Sri Lanka include a total service for public offers of corporate debt, acting in the capacity of managers/ financial advisors and placement agents, in addition to due diligence, pre-offer preparation, offer management, distribution strategy and after-market advisory services, initial public offerings, secondary offerings such as rights issues, corporate actions including mandatory and voluntary offers, private placements and at-market placements of listed securities.

Dimantha Mathew, Head of Research at First Capital Holdings, Commenting on the Bond and the Equity Market Forecast on Ada Derana – 03.02.2019

Stock Brokers in Sri Lanka

First Capital’s Dimantha Mathew Commenting on the Bond and the Equity Market Performance 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 Dimantha Mathew with the Market Review on Ada Derana

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 is an investment bank offering independent advice and transaction execution relating to capital raising and other strategic needs including mergers and acquisitions for investment in Sri Lanka. The Company’s industry leading transactions are reflective of the ingenuity in enabling the most opportune financing processes for our clients. First Capital’s services for investment in Sri Lanka include a total service for public offers of corporate debt, acting in the capacity of managers/ financial advisors and placement agents, in addition to due diligence, pre-offer preparation, offer management, distribution strategy and after-market advisory services, initial public offerings, secondary offerings such as rights issues, corporate actions including mandatory and voluntary offers, private placements and at-market placements of listed securities.

 

Hiruni Perera, Senior Research Analyst, at First Capital Holdings PLC commenting on the equity market performance on Ada Derana – 30.01.2019

Stock Brokers in Sri Lanka

Hiruni Perera, Senior Research Analyst, at First Capital Holdings PLC commenting on the bond and the equity market performance 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.

Atchuthan Srirangan, Assistant Manager – Research at First Capital Holdings PLC commenting on the bond and the equity market performance on Ada Derana – 29.01.2019

Share Market Investment in Sri Lanka

First Capital’s Atchuthan Srirangan at First Capital Holdings PLC commenting on the bond and the equity market performance 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

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.

Nisansala Kuruppumudali, Research Analyst at First Capital Holdings PLC, commenting on the bond and the equity market performance on Ada Derana – 28.01.2019

Stock Brokers in Sri Lanka

First Capital’s Nisansala Kuruppumudali commenting on the bond and the equity market performance 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 providing a full range of financial advisory and services. The Company’s research deliver heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.