Tag Archives: Stock brokers in Sri Lanka

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.<

Weekly Government Securities Market

Ceylon Today | 2017-11-30

Weekly Yield movement & Volume

Bond market activity was high following last Wednesday’s (22) bill auction, which saw yields falling, but died down towards Monday. Activity again improved towards the bill auction on 29 November, on expectations of a further dip in rates due to high demand for shorter tenors. With the tight spreads that were prevailing between the 2-year to 10-year bonds, selling pressure mounted in the mid- to long-term bonds with yields rising by 5-10bps. The bond auction held on 29 November also followed a similar trend as yields rose.

Liquidity and CBSL Holdings

Market liquidity remained volatile over the past week, but remained around the LKR 20-30 billion mark, while the CBSL Holdings also registered an enormous deterioration on 29 November 2017.

Foreign Interest

Foreigners remained net foreign buyers for the 11th consecutive week, adding a further LKR 979 million to foreign holding. However, with the overall outstanding Government securities stock increasing, overall foreign holding percentage remained at 6.4% as at 22 November 2017.

Maturities for next week

The Government securities market has Treasury Bill maturities on LKR 21 billion, which need to be settled on 8 December 2017.

Sri Lankan shares flat near 2-mth closing low; financials fall

JALIYA WIJERATNE, CEO AT FIRST CAPITAL EQUITIES, SPEAKS TO REUTERS

NOVEMBER 29, 2017

COLOMBO, Nov 29 (Reuters) – Sri Lankan shares ended largely unchanged on Wednesday, hovering near an over two-month closing low hit in the previous session, as gains in diversified shares offset losses in financials.

The Colombo Stock Index ended 0.31 points up at 6,405.53, near its lowest close since Sept. 15 hit on Tuesday. The index fell 1.1 percent last week, but is up 3 percent in the year so far.

Analysts said political worries over a delay in local government polls and a lack of clarity over the budget and two other key policy measures continued to weigh on sentiment.

Market heavyweight John Keells Holdings Plc ended 0.5 percent up while top private lender Commercial Bank of Ceylon Plc, which accounted for over 50 percent of the day’s turnover, ended 1.3 percent lower.

“There was foreign selling in Commercial Bank. Investors are concerned over possible hit on profitability due to a new tax in the budget,” said Jaliya Wijeratne, CEO at First Capital Equities.

“Investors are waiting for some direction and for the political and economic uncertainties to get cleared.”

Turnover stood at 799.7 million rupees ($5.20 million) on Wednesday, less than this year’s daily average of 946.6 million rupees.

Foreign investors net sold equities worth 216.5 million rupees on Wednesday. They have been net buyers of 18.2 billion rupees worth of shares so far this year.

Last week, a court issued a stay order on a legislation that cleared the island nation’s Election Commission to hold local government polls in which the coalition partners of the government have decided to contest separately.

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

Analysts said market participants have sought more clarity on these taxes and that there could be some amendments to these proposals 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 legislations. ($1 = 153.7500 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.<

Sri Lankan shares edge up in dull trade ahead of long weekend

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

NOVEMBER 30, 2017

COLOMBO, Nov 30 (Reuters) – Sri Lankan shares ended slightly firmer on Thursday ahead of a long weekend, edging up from a more than two-month closing low hit early in the week in thin trade as investors awaited direction on political and economic fronts.

The Colombo Stock Index ended 0.1 percent up at 6,411.84, edging up from its lowest close since Sept. 15, on Tuesday. The index fell 0.3 percent during the week recording its fourth straight weekly fall, but is up 3 percent in the year.

Currency, bond, and stock markets will be closed on Friday for a public holiday. Normal trading will resume on Monday.

Analysts said political worries over a delay in local government polls and a lack of clarity over the budget and two other key policy measures weighed on sentiment.

Shares in Ceylon Cold Stores Plc rose 2.2 percent while Commercial Leasing and Finance Plc ended 7.4 percent up.

“The market is stagnant with the year coming to an end. We expect the market to remain stagnant during the month with most funds and investors closing their books,” said Dimantha Mathew, head of research at First Capital Holdings.

Turnover was 451.1 million Sri Lankan rupees ($2.94 million) on Thursday, about half of this year’s daily average of 944.4 million rupees.

Foreign investors were net sellers of equities worth 4.1 million rupees on Thursday. They have been net buyers of 18.2 billion rupees worth of shares this year.

Analysts said domestic investors were concerned about political stability as coalition partners in President Maithripala Sirisena government had decided to contest separately in delayed local council polls, which have yet to be scheduled.

Finance Minister Mangala Samaraweera imposed new taxes on motor vehicles, telecoms, banks and liquor in the 2018 budget presented this 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. ($1 = 153.4500 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez)

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 – 28.11.2017

First Capital’s 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.