Tag Archives: Stock brokers in Sri Lanka

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.

Dimantha Mathew, Head of Research at First Capital Holdings, Commenting on the Bond and the Equity Market Forecast on Ada Derana – 27.01.2019

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.

One year T-bill yield continues to dip

Treasury Bills and Bonds Sri Lanka

By First Capital Research


Weekly Yield movement & Volume

The bond market followed the positive momentum continued from last week, while a slight downward shift was witnessed in the secondary market yield curve amidst the buying interest stemming from both local and foreign counterparties. Meanwhile, the USD/LKR remained almost stable during the week at 182.30 levels, although the Government announced a debt repayment of US$ 5.9 billion due this year, including US$ 2.6 billion in the first three months, which is expected to be paid from borrowing plans in the pipeline. Meanwhile, the Central Bank announced issuance of Sri Lanka Development Bonds (SLDB) up to US$ 200 million and issued a request for proposals from investment banks to sell international sovereign bonds in US$, Yen, Renminbi and Euro to strengthen the reserves. At the primary bill auction held on 23 Wednesday, both the six-month and one-year were accepted at weighted averages of 9.87 per cent and 10.70 per cent respectively, while one-year yields dipped by 5bps and six-month remained at the same level.


Liquidity & CBSL Holdings

CBSL market liquidity remained negative throughout the week recording the lowest liquidity for the week was recorded on 18 January, amounting to Rs 139.3 billion. CBSL holdings increased towards the latter part of the week and closed at Rs 177.6 billion.


Foreign Interest

Foreign holding was recorded at Rs 145.4 billion, recording a drop of Rs 8.7 billion continuing the foreign selling since August 2018. Foreign holding percentage for the week declined to 2.8 per cent relative to 3.0 per cent in the previous week.


Maturities for next Week

The Government Securities Market has a Treasury bill maturity amounting to Rs 15.5 billion and an SLDB maturity amounting to US$ 196.4 million for the week ending 1 February. There is also a bond coupon payment of Rs 29.1 billion falling due within the week.


Daily Summary

Thursday (17.01.19): Overall market yield curve continued on the downward shift, as the positive momentum in the secondary bond market continues with moderate volumes. Amidst the buying interest emanating from both local and foreign counter parties across the yield curve,
[01.05.20] reached day’s lowest of 10.75 per cent, [01.03.21] at 10.80 per cent, [15.05.23] at 11.25 per cent, [15.07.23] at 11.23 per cent, [15.12.23] at 11.20 per cent, [01.08.24] at 11.35 per cent, [15.03.25] at 11.35 per cent and [01.09.28] at 11.45 per cent, while foreign buying was witnessed on [15.12.21] at 10.88 per cent and [01.08.26] at 11.40 per cent.
Friday (18.01.19): The secondary market yield curve continued on the downward shift as the positive momentum arising from last week’s primary bond auction continues, while the overall market witnessing moderate volumes. Buying interest stemmed from foreign counterparties

predominantly centered on [15.12.21] at 10.80-10.76 per cent levels, while on the back of foreign buying mid tenure maturities reached intraday lowest with [15.05.23] trading at 11.23 per cent, [01.09.23] at 11.18 per cent, [15.12.23] at 11.17 per cent, and [01.08.26] at 11.34 per cent and [15.06.27] at 11.45 per cent. The rupee appreciated to close the week at 181.55/65.
Monday (21.01.19): On the back of profit taking, the secondary market yield curve moved slightly upwards on the mid tenor maturities, reversing the downward sentiment prevailing during last week. Following maturities were seen trading at intraday high with [15.12.21] trading at 10.84 per cent, [15.07.23] and [15.12.23] at 11.27 per cent, [15.03.25] at 11.41 per cent, [01.06.26] at 11.47 per cent and [01.08.26] at 11.44 per cent, while the overall market witnessed thin volumes. CBSL announced the issuance of a US$ 2.0 billion sovereign bond with fixed coupon and medium to long term maturities.
Tuesday (22.01.19): On the back of profit taking, belly and long end of the yield curve shifted slightly upwards ahead of primary bill auction. Profit taking was predominantly centered on two 2023 maturities ([15.07.23] and [15.12.23]) at 11.30 per cent while mid to long tenure maturities reached intraday high with [01.03.21] trading at 10.72 per cent, [15.12.21] at 10.84 per cent, [01.08.24] at 11.38 per cent, [15.03.25] at 11.46 per cent, [01.06.26] at 11.48 per cent, [01.08.26] at 11.50 per cent, [15.06.27] at 11.49 per cent and [01.09.28] at 11.53 per cent, while the overall market witnessed moderate volumes. Foreign buying was witnessed on [01.03.21] at 10.70 per cent, while foreigners were selling [01.08.26] at 11.45-50 per cent levels.
Wednesday (23.01.19): The overall yield curve recorded a parallel shift downwards to fall in line with the primary bill auction outcome. At the primary bill auction, yield one-year bill dipped by 5bps to be accepted at a weighted average of 10.70 per cent, while six-month bill yield remained unchanged at 9.87 per cent. On the back of renewed foreign buying interest predominantly centered on short tenure maturities, [01.05.20] changed hands at 10.63 per cent and [01.03.21] at 10.70 per cent, while the following maturities reached day’s lowest with [15.10.21] trading at 10.83 per cent, [15.12.21] at 10.78 per cent, three 2023 maturities ([15.05.23], [15.07.23] and [15.12.23]) at 11.25 per cent, 11.28 per cent and 11.24 per cent, [15.03.25] at 11.42 per cent, [01.06.26] at 11.45 per cent, [01.08.26] at 11.42 per cent, [15.06.27] at 11.45 per cent and [01.09.28] at 11.46 per cent, while the overall market witnessed moderate volumes.

Hiruni Perera, Senior Research Analyst, at First Capital Holdings PLC commenting on the equity market performance on Ada Derana – 24.01.2019

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.

Bond Yields Decline With Lower Borrowing Costs

Bond Yields Decline With Lower Borrowing Costs: Inside Sri Lanka

2019-01-24 02:58:30.589 GMT

By Anusha Ondaatjie

(Bloomberg) — Sri Lanka’s bond yields fell as the government’s cost of borrowing was mostly lower at an auction Wednesday.

* Central bank sold 21b rupees ($115m) of 364-day bills at 10.70%, down from 10.75% at previous auction, and 2.55b of 182- day notes at 9.87%, unchanged from the last sale

* “There is buying interest coming in at the short end, especially with bills down,” says Dimantha Mathew, head of research at First Capital in Colombo

** “Some foreign inflows into two-year bonds also boosted sentiment and helped shift money from the mid to longer tenors.”

* Yield on 11.5% govt bonds due December 2021 fell 4bps to 10.78% on Wednesday

* Global funds bought a net $0.1m of Sri Lankan shares on Wednesday, helping pare the month’s outflows to $13m: exchange data

* USD/LKR marginally changed t 182.20