DAILY STOCK MARKET HIGHLIGHTS ASHA SECURITIES LTD

Thursday, 20 May 2021 Sri Lanka

Daily Market Statistics Performance of the Market

Index 20th May 19th May Change % Change ➢ Colombo Bourse witnessed further increase in
ASPI 7,293.59 7,341.03 -47.44 -0.65% selling pressure due to surge in new Covid-19
cases. Month end settlements advanced due to
S&P SL20 2,926.78 2,953.68 -26.90 -0.91%
special and other holidays falling next week.
Market Stats (LKR, Mn) 20th May 19th May % Change Strong buying interest on value stocks had
Turnover 1,306.22 2,321.69 -43.7% prevented the steep fall in indices and helped to
Domestic Purchases 1,188.09 2,295.17 -48.2% stabilize towards latter part of the session.
Domestic Sales 1,167.34 2,231.30 -47.7%
➢ Benchmark index ASPI moved between 7,288.44 -
Foreign Purchases 118.13 26.51 345.5% 7,357.18 points and settled the day at 7,293.59with
Foreign Sales 138.89 90.39 53.6% a loss of 47.44 points (-0.65%).
Net Foreign in / (out) Flow (20.76) (63.88) 67.5%
Share Volume 116.87 143.65 -18.6%
Trades (No.) 16,508 23,490 -29.7%
Market capitalization (Bn) 3,218 3,239 -0.6%
PER 14.00 14.09 -0.6%
PBV 1.13 1.13 0.0%

Market Indices
➢ Off board deal on SAMP contributed 1.8% of the
7,350 7,355
2,954
turnover.

7,341 ➢ During the session 51 counters were up and 99

2,956 2,927 were down.
2,941
➢ Major contributors for the movement in ASPI
7,294
were CTC (+3.5), CLC (+1.45), LIOC (+0.84), LFIN
7,228 (+0.63), ABL (+0.59), LOLC (-5.38), EXPO (-5.32),
COMB (-4.08), MELS (-2.38) & VONE (-2.32).
2,870 ➢ S&P SL20 index settled the day at 2,926.78 with a
ASPI S&P SL20 loss of 26.9 points (-0.91%).
➢ The day’s turnover was recorded as LKR 1.31Bn
13th May 17th May 18th May 19th May 20th May
down by 44% from its previously recorded LKR
Turnover, Volume and Foreign Purchase 2.32Bn, foreign investors remained net sellers for
the day.
Rs.Mn Volume Mn
3,000 2,737
2,668 160 ➢ The total market capitalization stood at LKR
2,322 140 3.22Tn, indicating an YTD gain of 8.71%
2,500
120 ➢ The market PER & PBV were at 14.00x & 1.13x,
2,000
100 respectively.
1,306
1,500 1,279 80 GICS Sectorial Overview
60 ➢ Capital Goods sector stood on top providing LKR
1,000 337Mn capturing 26% of the total turnover.
699
40
500
20 ➢ Materials and Food, Beverage & Tobacco,
95 27 118
79 sectors stood second and third providing LKR
0 0
13th May 17th May 18th May 19th May 20th May
273Mn and LKR 195Mn respectively to the daily
Turnover Foreign Purchases Volume
aggregated turnover.
 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Top Contributors – Turnover

Company Name Share Vol. Turnover High Low Close Prv. Close Change Change
BROWNS INVESTMENTS PLC 21,767,586 145,344,538 6.80 6.60 6.70 6.70 0.00 0.0%
HAYCARB PLC 1,134,093 110,231,738 100.00 96.00 96.40 99.10 (2.70) -2.7%
HAYLEYS PLC 1,286,295 100,973,194 79.90 77.50 78.00 78.40 (0.40) -0.5%
SAMPATH BANK PLC 1,601,189 83,216,456 52.90 51.80 52.00 52.40 (0.40) -0.8%
DIPPED PRODUCTS PLC 1,452,958 79,563,562 56.10 54.00 54.50 56.00 (1.50) -2.7%
ROYAL CERAMIC PLC 1,922,007 72,107,985 38.30 37.10 37.40 38.30 (0.90) -2.3%

Top contributors - Traded Volume

Company Name Share Vol. Turnover High Low Close Prv. Close Change Change

SMB LEASING PLC (Non Voting) 39,674,361 7,949,685 0.30 0.20 0.20 0.30 (0.10) -33.3%
BROWNS INVESTMENTS PLC 21,767,586 145,344,538 6.80 6.60 6.70 6.70 0.00 0.0%
INDUSTRIAL ASPH. 6,258,313 2,803,220 0.50 0.30 0.40 0.40 0.00 0.0%
VIDULLANKA PLC (Rights) 6,087,396 7,108,842 1.40 0.90 1.10 1.40 (0.30) -21.4%
DIALOG 5,466,766 69,394,928 12.80 12.60 12.70 12.70 0.00 0.0%
Lankem Ceylon PLC (Rights) 4,666,526 4,538,287 1.50 0.10 0.70 0.20 0.50 250.0%

Crossings
Name Symbol Price Trades T.Volume Turnover
SAMPATH BANK PLC SAMP.N0000 51.90 1 440,916 22,883,540.00

Daily Foreign Transactions

Net Foreign Purchases Net Foreign Sales
Avg Net change in Net Foreign Avg Net change Net Foreign
Company Name Company Name
Price Qty Inflow Price in Qty Ouflow
SAMPATH (+) 52.00 229,725 11,945,700 HAYCARB 96.75 (170,973) (16,541,126)
HNB[X.0000] (+) 97.00 64,294 6,236,518 DIALOG (+) 12.70 (1,133,217) (14,391,856)
SWISSTEK 30.20 135,809 4,101,432 CHEVRON (+) 106.11 (67,900) (7,204,800)
TOKYO CEMENT 71.02 27,084 1,923,436 JKH 140.19 (23,215) (3,254,590)
TEEJAY LANKA 39.60 43,500 1,722,600 LANKA IOC 19.30 (165,727) (3,198,214)
PEOPLES LEASING 12.70 88,793 1,127,671 RENUKA HOLDINGS 14.00 (162,352) (2,272,928)
RENUKA CAPITAL 5.90 120,084 708,496 LANKA TILES 49.50 (15,000) (742,500)
DIPPED PRODUCTS 54.50 10,248 558,516 EAST WEST 10.32 (58,596) (604,959)
ROYAL CERAMIC 37.40 10,000 374,000 NATIONS TRUST (+) 55.80 (10,057) (561,181)
C T HOLDINGS 172.75 2,000 345,500 LAUGFS GAS 19.50 (20,360) (397,020)

➢ Aggregate Foreign Purchases for the day totaled up to LKR 118.13Mn.

➢ Foreign sales for the day amounted to LKR 138.89Mn.
➢ Net foreign outflow for the day was LKR 20.76Mn; YTD net foreign outflow presently stands at LKR 24.52Bn.
➢ SAMP notched the “Top Net Purchasers” slot with a net inflow of LKR 11.95Mn whilst HAYC notched the “Top
net Sellers” slot with a net outflow of LKR 16.54Mn.

Asha Securities Research Page 2 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021
Market Highlights & Statistics
Market Capitalisation
Issued Market CTC.N JKH.N LOLC.N
Company Name Symbol Price Quantity Capitalisation 6.1% 6.0% 5.1%
(Mn) (LKR Bn) DIAL.N
3.4%
CEYLON TOBACCO CTC.N 997.25 187.3 186.81
JOHN KEELLS JKH.N 139.75 1,319.7 184.43 BIL.N
3.1%
LOLC HOLDINGS LOLC.N 330.75 475.2 157.17
DIALOG AXIATA DIAL.N 12.70 8,200.6 104.15 COMB.N
3.0%
BROWNS INVESTMENTS BIL.N 6.70 14,369.7 96.28
COMMERCIAL BANK COMB.N 83.30 1,124.5 93.67 DIST.N
DISTILLERIES COMPANY DIST.N 19.80 4,600.0 91.08
3.0%
EXPOLANKA HOLDINGS EXPO.N 45.60 1,954.9 89.14 EXPO.N
VALLIBEL ONE PLC VONE.N 54.60 1,138.9 62.18 2.9%
Others SLTL.N VONE.N
SRI LANKA TELECOM PLC SLTL.N 33.60 1,804.9 60.64 63.5% 2.0% 2.0%

Top Gainers Top Losers

VWA Days Change Change Turnover VWA Days Change Change Turnover
Company Name Company Name
Close (LKR) % (LKR) Close (LKR) % (LKR)
BLUE DIAMONDS [X] 0.50 0.10 25.00 310,060 S M B LEASING [X] 0.20 (0.10) (33.33) 7,949,685
EQUITY TWO PLC 52.80 7.70 17.07 10,127 MILLENNIUM HOUSE 5.50 (0.40) (6.78) 150,648
MACKWOODS ENERGY 2.90 0.30 11.54 13,181,613 CHRISSWORLD 17.60 (1.20) (6.38) 31,754,160
RADIANT GEMS 25.80 1.90 7.95 30,584 SINHAPUTHRA FIN 6.50 (0.40) (5.80) 6,351
CONVENIENCE FOOD 1186.75 86.75 7.89 157,633 HVA FOODS 5.00 (0.30) (5.66) 241,360
SIGIRIYA VILLAGE 37.20 2.30 6.59 65,560 MADULSIMA 8.50 (0.50) (5.56) 98,692
LOTUS HYDRO 10.10 0.60 6.32 37,275 MARAWILA RESORTS 1.70 (0.10) (5.56) 9,785
AMANA LIFE 8.50 0.50 6.25 3,428 MAHAWELI REACH 12.80 (0.70) (5.19) 1,321
FORT LAND 12.70 0.70 5.83 2,822,285 KOTAGALA 6.00 (0.30) (4.76) 192,049
BROWNS BEACH 9.80 0.40 4.26 4,675 RENUKA FOODS [X] 10.30 (0.50) (4.63) 10,492

ASPI Movement 2019, 2020, 2021

8812
8,800 8694
8,500
8275
8,200
7923 7985
7,900 8005 7798
7644
7809
7,600 7476 7355
7588 7297
7,300 7294
7329
7162
7,000 7121 7067
7002
6,700 6774 6854 6,656 6,774
6,629
6,400 6,109 6,215
5,991 5,995 6,050 5,990
6,100 5,848 5,946
6,156
5,800 5,653 4,847 5,715 6,061
5,342
5,899 5,885 5,678
5,500 5,593 5,600
5,514
5,200 5,200 5,051
5,122
4,900
4,572 4,795 5,039
4,600 4,572 ASPI 19 ASPI 20 ASPI 21
4,300 4,655
4,248
4,000
2-Jan 26-Jan 19-Feb 15-Mar 8-Apr 2-May 26-May 19-Jun 13-Jul 6-Aug 30-Aug 23-Sep 17-Oct 10-Nov 4-Dec 28-Dec

Asha Securities Research Page 3 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Market Highlights & Statistics

GICS Industry Group Statistics
Price Index Turnover Sector
Industry Group
Today Previous Value (Rs) Volume Trades P/E PBV DY
Automobiles & Components 1,140.75 1,139.41 7,595,476.0 89,337.0 98.0 6.00 1.30 5.90
Banks 614.80 619.22 179,942,075.6 3,454,556.0 1,220.0 5.90 0.50 3.60
Capital Goods 1,177.15 1,187.07 337,140,689.5 15,015,537.0 3,907.0 39.40 1.10 1.20
Commercial & Professional Services 689.11 689.11 8,687.0 141.0 10.0 12.00 0.80 0.00
Consumer Durables & Apparel 1,174.26 1,179.52 41,752,783.5 2,374,457.0 472.0 13.60 1.30 2.10
Consumer Services 230.46 231.50 3,841,867.4 801,700.0 237.0 0.00 0.60 0.70
Diversified Financials 1,239.84 1,248.39 76,812,848.1 41,636,783.0 1,363.0 11.00 1.20 1.00
Energy 610.43 594.22 8,630,867.7 447,848.0 138.0 0.00 0.90 0.00
Food & Staples Retailing 1,358.73 1,376.65 463,114.0 2,512.0 5.0 24.10 2.30 3.10
Food, Beverage & Tobacco 946.61 948.06 195,009,800.1 22,993,217.0 1,487.0 21.30 2.30 3.90
Health Care Equipment & Services 1,141.40 1,158.35 2,360,761.4 302,022.0 117.0 27.50 2.10 2.00
Household & Personal Products 1,287.90 1,287.90 17,518.0 1,170.0 6.0 16.00 2.10 1.80
Insurance 1,343.94 1,345.74 5,443,803.6 220,023.0 238.0 5.00 0.70 3.40
Materials 1,590.61 1,619.19 273,017,666.3 10,452,384.0 4,317.0 10.00 2.00 3.30
Real Estate 764.23 758.73 3,885,674.8 320,685.0 245.0 4.90 0.60 1.60
Retailing 903.65 909.88 11,849,228.4 1,103,948.0 221.0 16.00 0.70 1.60
Telecommunication Services 958.65 961.80 69,545,803.4 5,471,265.0 90.0 8.20 1.00 4.90
Transportation 7,645.80 7,848.46 55,387,374.4 2,283,972.0 1,254.0 69.20 8.10 0.00
Utilities 940.86 954.42 33,515,074.1 9,901,714.0 928.0 19.40 2.90 2.70

Key Announcement
➢ E.B. Creasy & Company PLC (EBCR) has resolved on 11th May,2021 to purchase the property situated at
Gonawala, Sapugaskanda containing a total extent of A5-R1-P27.90 from related Company Lankem Ceylon PLC
(LCEY) for a total consideration of Rs.600 Mn for expansion of production facilities and also to mitigate the
Operational risks by setting up additional production lines at a separate location and develop the Company’ s
own storage facilities. LCEY expects to settle part of its borrowings through the sales proceeds.

➢ Vidullanka PLC (VLL) regarding its RIGHTS ISSUE 2021 said, Considering the prevailing situation in the country
owing to the Covid-19 Pandemic and the restrictions enforced by the Government of Sri Lanka, provisional letter
of allotment (PLOA) will be physically dispatched only to the Non – CDS Shareholders. Please apply for
Additional Shares via the application which has been up loaded on the web site of the CSE. For more details
please contact Registrars to the Issue Ms. S. Siritunge of Business Intelligence (Private) Ltd eMail –
[email protected] Tel: 0703667913 / 0112015913 (Mon to Fri - 9 a.m. to 4 p.m.)

Dealing by Directors

Counter Nature Director / Company involved No of Shares Price Date

CTBL Purchase Mr. R J N De Mel 19,000 3.20 17 May 2021.
VLL Purchase MR. RIYAZ SANGANI 100,000 5.60 17 May 2021.
PAP Purchase Dr. T.Senthilverl 5,588,511 3.80 18-20 May 2021

Asha Securities Research Page 4 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Key Announcements
Companies under Trading Suspension / Halt
Company KAPI TFC PARA, OFEQ, CPRT LLMP.N, X LCEM SFS CHOU NAVF.U
From 14-Feb-19. 18-Feb-19. 23 - Dec - 2020. 21-Oct-19 7-Sep 18. 2-July 18. 11 Mar 19. 27-Sep-19
Reason *** AQO *** AQO AQO CBSL List rule Matured
Company HUEJ AINV, CFT, PCHH
From 26-Nov-18. 10-12-2018.
Reason *** No Annual Reports
***Non-submission of Interim Financial Statements Auditor's Qualified Opinion (AQO)

Companies on WATCH LIST

Non Submission of Annual Reports, Financial Statements
SFL LCEM CFT JINS ALHP AFSL BLI TESS SING SLND

Qualified Opinion in the Independent Auditor’s Report

MFL LDEV CSF BLUE
Companies on SECOND BOARD
Non-compliance of CSE Listing Rules, minimum public holding & Corporate Governance
AMCL ACAP AFSL ARPI ASPM BBH CALF CLC DIST PMB
LOFC GOOD, INDO, SHAL LAMB MADU MERC NIFL ODEL PDL
SLND SFCL SELI SINS TAP KDL CFVF

Stocks in the S&P Sri Lanka 20 in alphabetical order (Effective from 21 Dec 2020)
Access Engineering PLC (AEL) Expolanka Holdings PLC (EXPO.N) National Development Bank PLC (NDB)
Chevron Lubricants Lanka PLC (LLUB) Hatton National Bank PLC (HNB) People's Leasing & Finance PLC (PLC)
Commercial Bank of Ceylon PLC (COMB) Hayleys PLC (HAYL) Royal Ceramics Lanka PLC (RCL)
DFCC Bank PLC (DFCC) Hemas Holdings PLC (HHL) Sampath Bank PLC (SAMP)
Dialog Axiata PLC (DIAL) John Keells Holdings PLC (JKH) Teejay Lanka PLC (TJL)
Dipped Products PLC (DIPD) LOLC Holdings PLC (LOLC) Tokyo Cement Co. (Lanka) PLC (TKYO)
Distilleries Company of Sri Lanka PLC (DIST) Melstacorp PLC (MELS)

Annual general Meetings (AGMs) EGMs

Company Date Company Date Company Date Company Date Company Date
TAFL 19-May-21 LLUB 24-May-21 SDB 28-May-21 GOOD 2-Jun-21 SDB 28-May-21
GRAN 19-May-21 CTC 25-May-21 INDO 31-May-21 NEST 10-Jun-21
MEL 28-May-21 AINS 31-May-21

Asha Securities Research Page 5 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Key Announcements

Cash Dividends (LKR)

DIVIDEND PER PAYMENT DIVIDEND PER PAYMENT
CODE TYPE XD DATE CODE TYPE XD DATE
SHARE DATE SHARE DATE
HARI 20.00 1st interim 12 May 2021. 01 Jun 2021. HAYC 0.50 Final 28 Jun 2021. 12 Jul 2021.
CTC 11.35 Final 28 May 2021. 17 Jun 2021. KVAL 1.50 Final 28 Jun 2021. 13 Jul 2021.
VLL 0.125 1st interim 21 May 2021. 14 Jun 2021 . TPL 1.50 Final 28 Jun 2021. 13 Jul 2021.
SDB 2.25 1st & Final 31 May 2021. 18 Jun 2021. MGT 0.10 Final 29 Jun 2021. 09 Jul 2021.
LLUB 5.00 1st interim 24 May 2021. 04 Jun 2021. HEXP 1.75 Final 29 Jun 2021. 14 Jul 2021.
CTC 19.00 1st interim 28 May 2021. 10 Jun 2021 . ALUM 0.10 Final 30 Jun 2021. 08 Jul 2021.
CHL 3.20 1st interim 28 May 2021. 14 Jun 2021 . DIPD 0.60 Final 30 Jun 2021. 09 Jul 2021.
SINS 0.25 Final 28 May 2021. 08 Jun 2021. AGST 0.20 Final 01 Jul 2021. 19 Jul 2021.
KFP 2.50 Final 31 May 2021. 18 Jun 2021. GLAS 0.58 1st & Final 26 Jul 2021. 03 Aug 2021.
CCS 4.00 Final 31 May 2021. 18 Jun 2021. DIAL 0.74 Final To be notified
AEL 0.50 2nd interim 01 Jun 2021. 21 Jun 2021. PINS 3.00 Final To be notified
PDL 3.50 1st & Final 10 Jun 2021. 01 Jul 2021. HDFC 0.25 Final To be notified
UCAR 14.00 Final 11 Jun 2021. 02 Jul 2021. LIOC 0.85 1st & Final To be notified
NEST 20.00 Final 11 Jun 2021. 02 Jul 2021.

Rights Issues
Company, Issue Price Issue Value Proportion XR Date Letter Dispatch Trading of Rights Acceptance
Lankem Ceylon PLC (LCEY) LKR 20.00 LKR 677Mn 1 for 1 29 Apr 2021. 05 May 2021. 11 May- 28 May. 31 May 2021.
Vidullanka PLC (VLL.X) LKR 3.50 LKR 250Mn 1 for 11.72 06 May 2021. 12 May 2021. 19 May- 28 May. 31 May 2021.
SMB Leasing PLC (SMB.N) LKR 0.35 LKR 2.09Bn 5 for 1 10 May 2021. 17 May 2021. 21 May- 01 Jun. 02 Jun 2021.
SMB Leasing PLC - non Voting (SMB.X) LKR 0.12 LKR 368Mn 5 for 1 10 May 2021. 17 May 2021. 21 May- 01 Jun. 02 Jun 2021.
Softlogic Finance PLC (CRL) LKR 10/- LKR 2.24Bn 5 for 6 To Be Notified
Asia Asset Finance PLC (AAF)
Preference Shares (fixed Non- LKR 10/- LKR 414Mn 1 for 3 To Be Notified
Cumulative Dividend 0.70)
Kotagala Plantation PLC (KOTA) LKR 3.00 LKR 790Mn 7 for 2 To Be Notified

Capitalization of Reserves
Company Proportion EGM / Allotment XC Date Consideration (RS.)
Diesel & Motor Engineering PLC (DIMO) 1 for 25 To Be Notified To Be Notified 550.00

Asha Securities Research Page 6 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Economic Indicators & Other Statistics

Exchange Rates Indicative Rates
20th May 19th May 20th May 19th May
Currency Currency
Buying Selling Buying Selling Ind: Value Ind: Value
Dollar (USA) 198.18 202.88 198.30 202.88 Yuan (Offshore) 30.999 31.045
Pound (UK) 278.52 286.52 279.45 287.75 Rupee (India) 2.728 2.731
Euro (EU) 239.90 247.38 240.63 247.89 Won (Korean) 0.176 0.177
Dollar (Australia) 152.65 157.53 153.43 158.49 Dinar (Kuwait) 664.257 664.067
Dollar (Canada) 162.79 168.06 163.27 168.60 Ringgit (Malay) 48.199 48.358
Franc (Switzerland) 217.50 225.12 218.68 226.61 Rial (Oman) 518.617 518.641
Renminbi (China) 29.94 31.71 29.96 31.72 Riyal (Qatar) 54.275 54.829
Yen (Japan) 1.8077 1.8581 1.8138 1.8606 Riyal (KSA) 53.239 53.242
Dollar (Singapore) 148.04 152.39 148.37 152.75 Dirham (UAE) 54.357 54.360

Colombo Consumers’ Price Index (CCPI) & National

Inflation Government Securities - Secondary Market Yield
Consumer Price Index (NCPI)
9
7.6
8.1 % 8.34 8.45 8.55
8.4 8.10
7.0 7.83
6.4 7.64
7 6.3 6.1 6.2 7.33
6.2 5.9
5.7 5.5 7.4 6.93
5.4 5.2 5.2
5.2 4.6 6.47
5 4.2
4.2 5.1 4.0 3.9 4.1 4.0 4.0 4.1 6.4
3.7 5.91
4.1 3.9 4.2
3 5.16
3.0
3.3 5.4 5.07 5.11 24-Feb 31-Mar
2020 CCPI 2021 CCPI 2020 NCPI 2021 NCPI 30-Apr 12-May
1 4.4
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 3 M 6 M 12 M 2Y 3Y 4Y 5Y 6Y 8Y 10Y 15Y 20Y 30Y

Central Bank's Policy Rates Treasury Bill Issuance

Description 09-07-2020. 16-06-2020. 19.05.2021 11.05.2021 05.05.2021 28.04.2021
Standing Deposit Facility (SDF) 4.50% 5.50% 91 Days % 5.12 5.12 5.12 5.11
Standing Lending Facility (SLF) 5.50% 6.50% 182 Days % 5.14 5.14 5.14 5.14
Statutory Reserve Ratio (SRR) 2.00% 2.00% 364 Days % 5.18 5.18 5.18 5.18
BankRate 8.50% 9.50% Amount 42.4Bn 21.01Bn 34.91Bn 29.89Bn

Date 29.03.2021 12.05.2021 29.03.2021 11.12.2020 12.05.2021 10.03.2021 11.12.2020 16.09.2019

Maturity 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 10 Years 15 Years
Current Yield 6.30 7.04 7.05 6.79 7.97 7.44 7.84 10.59
Previous Auction 11.01.2021 27.01.2021 10.03.2021 28.09.2020 09.04.2021 12.03.2020 16.01.2020 15.10.2018
Previous Yield 6.38 6.34 7.08 6.59 7.70 7.07 9.99 11.90

1,000
2.1 1.751 CBSL Gvt. Securites Holding 870.37
1.9 Face Value (Bn)
1.7 1.745 800
1.5 1.8066 LIBOR interest rates
1.3 - USD % 600
1.1
0.9
0.7 400
0.5 0.2829
0.3 0.2066
200
0.1
0.1754
Jan 20. May 20. Sep 20. Jan 21. May 21. -
3 months 6 months 12 months 17/1/20 18/4/20 19/7/20 19/10/20 19/1/21 21/4/21

Asha Securities Research Page 7 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Economic Indicators & Other Statistics

800 Gold & Crude Prices - Bloomberg 1,867
72 1,865
1,869
750 Tea Prices 1,857
700 (LKR/ kg) 1,848
652.2 701,835 1,845
650 70.1
600 614.2 68 69.1 67.6 68.7 1,825
66.8
550 67.4
564.4 65.8 1,814 65.3
500 66 65.5 1,805
64.3 64.1
450
64 1,785
400 High Medium Low 62.4
350 Brent Crude WTI Crude Gold
62 1,765
15-Oct-19 5-Feb-20 3-Jun-20 16-Sep-20 06-JAN-21 28-APR-21 12-05-21. 13-05-21. 17-05-21. 18-05-21. 19-05-21. 20-05-21.

300 OVERNIGHT MARKET LIQUIDITY

200 199.66
(LKR BN) Exchange
USD to LKR
200 195

124.95 190
100
185

-
180
28-May-20 8-Aug-20 19-Oct-20 30-Dec-20 12-Mar-21
3-Jun-20 26-Aug-20 19-Nov-20 17-Feb-21 20-May-21

Local News
CBSL continues accommodative monetary policy to support sustained recovery of economy
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 May 2021, decided to maintain the
Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their
current levels of 4.50% and 5.50%, respectively. The Board said they arrived at this decision after carefully considering
the macroeconomic conditions and expected developments on the domestic and global fronts. “In the context of
the prevailing low inflation environment and well anchored inflation expectations, and the renewed challenges
posed by the third wave of the COVID-19 pandemic, the Board remains committed to maintaining the current
accommodative monetary policy stance to support the sustained revival of the economy,” the Central Bank said.
The Central Bank said it will continue to monitor domestic and global macroeconomic and financial market
developments and stand ready to take proactive measures to help the economy to sustain the growth trajectory,
while maintaining inflation in the targeted 4-6 percent range under the flexible inflation targeting framework.

State sector absorbs more people while private firms scramble to find workers amid shrinking labour force
Dailymirror -Sri Lanka absorbed more people to the inefficient public sector while the labour force or the
economically active population in the country contracted, giving more headaches to the private sector, which
remains hamstrung with shortages of manpower to power their industries. The state sector gave 61,313 new jobs to
people, under its programme to provide employment for 60,000 unemployed graduates and 100,000 persons in the
lowest income category, while the total labour force and the people who actually worked shrunk by 125,000 and
182,000, respectively, in 2020.

Govt. suspends inbound passenger flights for 10 days

Daily Ft -The Government has imposed a ban on all inbound passenger flights for 10 days starting tomorrow, in a
fresh move to curb the spread of the COVID-19 pandemic in its third wave. The Civil Aviation Authority (CAA)
informed all operating airlines to suspend passenger arrivals from midnight tomorrow (21) until 11:59 p.m.

Asha Securities Research Page 8 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Sri Lanka passes law to set up China-backed special economic zone

ECONOMYNEXT – Sri Lanka’s has passed a law to set up a China-backed dollarized special economic zone, which is
expected to fast-track investments and be protected against currency deprecation with 148 members of a 225
assembly voting and 59 voting against.

Sri Lanka records USD 798.9 Mn exports in April

(LBO) Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the
Covid-19 pandemic-induced lockdown last year, exports were contracted by a record 64.63% in April 2020. However
in April this year, exports grew up by 183% to US$ 798.9Mn in comparison to the previous year.

Foreign News

Stocks struggle as taper talk, crypto crash put markets on edge

Stock markets struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies
crashed and a hint of tapering talk from the U.S. Federal Reserve drove selling in the bond market and lifted the
safe-haven dollar.

Benchmarks in South Korea (.KS11) and Japan (.N225) were either side of flat in morning trade and Hong Kong's
Hang Seng (.HSI) fell about 0.8% to pull MSCI's broadest index of Asia-Pacific shares outside
Japan (.MIAPJ0000PUS) down by 0.2%.

Bitcoin , which plunged as much as 30% to $30,000 overnight, was struggling for support around $36,000. U.S. stock
futures , wobbled just below flat. The trigger for sharp falls in bitcoin, ether and other cryptocurrencies appeared to
be China's move on Tuesday to reinforce strict curbs on crypto trading by barring financial institutions from
providing transaction services. Traders said the huge run-up in prices for the asset class in recent months meant that
gravity also probably played a role, as well as Tesla boss Elon Musk's apparent cooling on bitcoin over the amount of
energy consumed in processing transactions.

Commodities also fell, Treasuries nursed losses while the dollar held overnight gains.

The yield on benchmark 10-year U.S. Treasuries rose 4.1 basis points overnight to 1.6830% and dipped to 1.6676% early
in Tokyo trade. The dollar scraped itself off a four-month low to hover around $1.2183 per euro .The dollar also rose
through its 20-day moving average against the yen, Aussie and kiwi. It last bought 109.17 yen and the dollar index
was last at 90.149.

On Wall Street overnight the S&P 500 (.SPX) closed 0.3% lower and the Nasdaq (.IXIC) was flat, something of a
recovery after each dropped more than 1.6% during the session.

Elsewhere industrial commodities fell sharply on Thursday after China said it would strengthen its management of
supply and demand to curb unreasonable rises. Dalian iron ore futures fell 7% in early trade and coal futures fell 8%,
triggering a downside limit. Crude oil came off overnight lows but remained under pressure on worries about fresh
COVID-19 curbs in Asia crimping demand and about the U.S. rates outlook. Brent crude was last steady at $66.70 a
barrel and U.S. crude at $63.29.

Asha Securities Research Page 9 of 10

 [DAILY STOCK MARKET HIGHLIGHTS] 20 May, 2021

Contact Information
Head Office

Sales
Mr Upul Priyantha [email protected] +94 11 2429106
Mr Shanmugam Sudhagar [email protected] +94 11 2429107
Mr J M Gamage [email protected] +94 11 2429126
Mrs Vasantha Wicramasinghe [email protected] +94 11 2429114
Mr Hussain Fawmie [email protected] +94 11 2429113
Mrs Nilmini Hapuarachchi [email protected] +94 11 2429212
Mrs Chandrika Abeywickrema [email protected] +94 11 2429125
Mr Nuwan Hewage [email protected] +94 11 2429133
Research
Visaahan Arumainayagam [email protected] +94 11 2429139
Chamath Wickramaarachchi [email protected] +94 11 2429137

Regional Offices
Colombo (H/O) Matara Kandy
# 60, 5th Lane, Mr Prasad Wijesinghe Mr Akila Ekanayake
Colombo 03. #24-1/3A, # 88, Ceybank House,
Tel - 94 112429100 E.H. Cooray Tower, 2nd Floor, Dalada Vidiya,
Fax - 94 112429199 Anagarika Dharmapala Mw, Kandy.
Matara. Tel. 081 2204750
www.ashasecurities.net Tel: 041 2235191-5
[email protected] [email protected] [email protected]
Gampaha Negombo Kiribathgoda
Mr Nishantha Liyanaarachchi Mr Sanath Karunaweera Mr Dhanushka Fernando
#116, Sanasa Ideal Complex, #72 A 2/1, #94, Udeshi City Shopping Complex,
Bauddhaloka Mawatha, Old Chilaw Road, 2nd Floor, #2/22, Makola Road,
Gampaha. Negombo. Kiribathgoda.
Tel. 033 2234888 Tel. 031 2227474 Tel. 011 2908511
[email protected] [email protected] [email protected]

Anuradhapura Vavuniya
Mr Amila Luwishewa Mr C S Croos
488/1/2, Maithreepala # 60, 1st cross Street
Senanayake mawatha, Vavuniya
New Town, Anuradhapura. Tel. 0777111690
Tel. 0714912145 [email protected]
[email protected]

Important Information
This document has been prepared and issued by Asha Securities Ltd, on the basis of publicly available information, internally developed data and
other sources, believed to be reliable. Whilst all responsible care has been taken to ensure that the facts stated are accurate and the opinions given
are fair and reasonable neither Asha Securities Ltd, nor any Director Officer or employee, shall in any way be responsible for any decisions made on
its contents. Asha Securities Ltd may act as a Broker in the investments which are the subject of this document or related investments and may have
acted upon or used the information contained in this document, or the research or analysis on which it is based, before its publication. Asha
Securities Ltd., Its Directors, Officers or Employees may also have a position or be otherwise interested in the investments referred to in this
document. This is not an offer to sell or buy the investments referred to in this document.

Asha Securities Research Page 10 of 10