DAILY STOCK MARKET HIGHLIGHTS ASHA SECURITIES LTD

Tuesday, 11 May 2021 Sri Lanka

Daily Market Statistics Performance of the Market

Index 11th May 10th May Change % Change ➢ Colombo Bourse signaled recovery following the
ASPI 7,143.38 7,135.80 7.58 0.11% steep fall recorded on the previous session,
S&P SL20 2,843.40 2,838.19 5.21 0.18%
boosted by positive earnings; momentum faded
later due to cautious investor sentiments.
Market Stats (LKR, Mn) 11th May 10th May % Change
Turnover 1,167.83 2,474.39 -52.8% ➢ Benchmark index ASPI moved between 7,123.43 -
Domestic Purchases 1,132.10 2,310.36 -51.0% 7,182.21 points and settled the day at 7,143.38 with
a gain of 7.58 points (+0.11%).
Domestic Sales 928.63 1,597.05 -41.9%
Foreign Purchases 35.73 164.03 -78.2%
Foreign Sales 239.20 877.34 -72.7%
Net Foreign in / (out) Flow (203.47) (713.31) 71.5%
Share Volume 84.25 153.30 -45.0%
Trades (No.) 11,376 18,649 -39.0%
Market capitalization (Bn) 3,152 3,150 0.1%
PER 13.89 14.10 -1.5%
PBV 1.11 1.11 0.0% ➢ Off board deals on JKH & HNB.X contributed 6% of
the turnover.
Market Indices
➢ During the session 94 counters were up and 63
2,876
were down. Major contributors for the movement
in ASPI were BIL (+3.26), ASIR (+2.58), LOFC (+2.38),
7,242 MELS (+2.11), LFIN (+1.38), LION (-5.48), CARG (-
7,188 3.06), DIST (-2.08), JKH (-1.49) & CLC (-1.44).

2,843
➢ S&P SL20 index settled the day at 2,843.40 with a
2,838
gain of 5.21 points (+0.18%).
7,146
7,143
➢ Turnover was recorded as LKR 1.17Bn down by 53%
2,839
2,833 7,136 from its previously recorded LKR 2.47Bn, foreign
investors remained net sellers for the day.
ASPI S&P SL20
➢ The total market capitalization stood at LKR
05th May 06th May 07th May 10th May 11th May 3.15Tn, indicating an YTD gain of 6.46%
➢ The market PER & PBV were at 13.89x & 1.11x,
Turnover, Volume and Foreign Purchase respectively.
Rs.Mn
2,784
Volume Mn GICS Sectorial Overview
3,000 180
2,474 ➢ Capital Goods sector stood on top providing LKR
160 460Mn capturing 39% of the total turnover.
2,500
140
➢ Food, Beverage & Tobacco, and Materials
2,000 120
sectors stood second and third providing LKR
1,168 100
1,500 1,249
319Mn and LKR 103Mn respectively to the daily
80 aggregated turnover.
890
1,000 60
40 ➢ Weekly T-Bill Auction: CB offered 12Bn & accepted
500 10.13Bn for 3-months, offered 16Bn & accepted
81 164 20
71 56 36 10.38Bn for 6 Months, offered 19Bn for 1-year &
0 0
05th May 06th May 07th May 10th May 11th May accepted 0.5Bn. Accordingly 21.01Bn of the offered
Turnover Foreign Purchases Volume 47Bn was subscribed at Average Yields of 5.12%,
5.14% & 5.18%, par with the previous auction.
 [DAILY STOCK MARKET HIGHLIGHTS] 11 May, 2021

Top Contributors – Turnover

Company Name Share Vol. Turnover High Low Close Prv. Close Change Change
BROWNS INVESTMENTS PLC 38,951,081 257,195,166 6.70 6.40 6.60 6.50 0.10 1.5%
JOHN KEELLS HOLDINGS 1,541,913 207,790,496 135.75 134.50 134.75 135.25 (0.50) -0.4%
ROYAL CERAMIC 3,952,782 144,336,681 37.00 35.70 36.40 35.90 0.50 1.4%
HAYLEYS FABRIC PLC 3,227,343 59,027,003 18.60 17.40 18.50 17.40 1.10 6.3%
EXPOLANKA HOLDINGS PLC 911,532 40,351,570 45.00 44.10 44.20 44.20 0.00 0.0%
HNB (Non Voting) 321,977 30,424,760 96.00 94.00 94.60 95.00 (0.40) -0.4%

Top contributors - Traded Volume

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

BROWNS INVESTMENTS PLC 38,951,081 257,195,166 6.70 6.40 6.60 6.50 0.10 1.5%
SMB LEASING PLC (Non Voting) 16,276,473 3,255,304 0.30 0.20 0.20 0.30 (0.10) -33.3%
ROYAL CERAMIC 3,952,782 144,336,681 37.00 35.70 36.40 35.90 0.50 1.4%
INDUSTRIAL ASPH. 3,495,459 1,343,884 0.50 0.30 0.40 0.40 0.00 0.0%
HAYLEYS FABRIC PLC 3,227,343 59,027,003 18.60 17.40 18.50 17.40 1.10 6.3%
ALUMEX PLC 1,567,560 18,866,728 12.20 11.90 12.00 11.60 0.40 3.4%

Crossings
Name Symbol Price Trades T.Volume Turnover
JOHN KEELLS HOLDINGS JKH.N0000 134.75 2 300,000 40,425,000.00
HATTON NATIONAL BANK (Non Voting) HNB.X0000 94.50 1 312,276 29,510,082.00

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
HAYLEYS 78.00 170,000 13,260,000 JKH 134.75 (1,357,595) (182,935,926)
BROWNS INVSTMNTS 6.60 1,030,000 6,798,000 HNB[X.0000] (+) 94.50 (312,276) (29,510,082)
MELSTACORP 44.92 74,092 3,328,190 NESTLE (+) 1,010.00 (9,372) (9,465,720)
ROYAL CERAMIC 36.40 75,807 2,759,375 SWISSTEK 30.01 (160,974) (4,831,295)
MASKELIYA 12.70 63,373 804,837 ACL 37.10 (80,000) (2,968,000)
TALAWAKELLE (+) 41.00 13,000 533,000 VALLIBEL ONE 53.90 (27,850) (1,501,115)
ELPITIYA 42.00 11,477 482,034 CHEVRON (+) 93.00 (5,900) (548,700)
SLT (+) 32.80 13,610 446,408 AITKEN SPENCE 49.40 (10,961) (541,473)
KEGALLE 102.00 3,575 364,650 TEEJAY LANKA 39.80 (13,160) (523,768)
TOKYO CEMENT 67.50 5,000 337,500 LANKA IOC 18.90 (24,499) (463,031)

➢ Aggregate Foreign Purchases for the day totaled up to LKR 35.73Mn.

➢ Foreign sales for the day amounted to LKR 239.2Mn.
➢ Net foreign outflow for the day was LKR 203.47Mn; YTD net foreign outflow presently stands at LKR 24.43Bn.
➢ HAYL notched the “Top Net Purchasers” slot with a net inflow of LKR 13.26Mn whilst JKH notched the “Top net
Sellers” slot with a net outflow of LKR 182.94Mn.

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 May, 2021
Market Highlights & Statistics
Market Capitalisation
Issued Market CTC.N JKH.N LOLC.N
Company Name Symbol Price Quantity Capitalisation 5.8% 5.7% 4.8%
DIAL.N
(Mn) (LKR Bn)
3.3%
CEYLON TOBACCO CTC.N 970.00 187.3 181.70
BIL.N
JOHN KEELLS JKH.N 134.75 1,319.7 177.83 3.0%
LOLC HOLDINGS LOLC.N 318.75 475.2 151.47
COMB.N
DIALOG AXIATA DIAL.N 12.60 8,200.6 103.33 2.9%
BROWNS INVESTMENTS BIL.N 6.60 14,369.7 94.84
DIST.N
COMMERCIAL BANK COMB.N 80.60 1,124.4 90.63
2.9%
DISTILLERIES COMPANY DIST.N 19.60 4,600.0 90.16
EXPO.N
EXPOLANKA HOLDINGS EXPO.N 44.20 1,954.9 86.41
2.8%
VALLIBEL ONE PLC VONE.N 53.90 1,138.9 61.39 SLTL.N
Others VONE.N
1.9%
SRI LANKA TELECOM PLC SLTL.N 32.80 1,804.9 59.20 65.0% 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)
ANILANA HOTELS 1.10 0.10 10.00 2,809 S M B LEASING [X] 0.20 (0.10) (33.33) 3,255,304
MASKELIYA 12.70 0.80 6.72 2,087,466 CONVENIENCE FOOD 1,042.00 (168.00) (13.88) 1,133,731
LANKEM DEV. 3.30 0.20 6.45 205,723 RADIANT GEMS 24.20 (3.50) (12.64) 36,511
MADULSIMA 8.30 0.50 6.41 28,320 NATION LANKA 0.70 (0.10) (12.50) 47,251
HAYLEYS FABRIC 18.50 1.10 6.32 59,027,003 LIGHTHOUSE HOTEL 30.10 (3.90) (11.47) 3,010
DURDANS [X] 100.25 5.15 5.42 1,262,220 EQUITY TWO PLC 45.10 (3.80) (7.77) 13,942
C T LAND 26.60 1.30 5.14 56,787 CARGO BOAT 62.30 (5.10) (7.57) 502,375
RAMBODA FALLS 16.60 0.80 5.06 2,658 CEYLON TEA BRKRS 3.10 (0.20) (6.06) 386
ASIRI SURG 14.60 0.60 4.29 271,461 HVA FOODS 5.00 (0.30) (5.66) 377,111
ACL PLASTICS 250.00 9.25 3.84 2,970,940 LION BREWERY 560.00 (30.25) (5.12) 197,858

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
7329 7143
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

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 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 1,132.71 1,113.94 2,723,822.0 32,291.0 25.0 6.00 1.30 5.90
Banks 598.81 597.77 60,968,542.1 959,014.0 887.0 5.80 0.50 3.60
Capital Goods 1,154.17 1,152.61 460,046,423.5 8,161,164.0 3,000.0 42.00 1.00 1.40
Commercial & Professional Services 673.44 673.44 8,880.0 210.0 4.0 11.70 0.80 0.00
Consumer Durables & Apparel 1,163.32 1,145.28 82,857,639.7 4,049,856.0 919.0 13.40 1.30 2.20
Consumer Services 228.17 228.42 2,016,175.8 374,201.0 245.0 0.00 0.60 0.70
Diversified Financials 1,209.90 1,206.71 54,052,674.9 18,547,988.0 834.0 10.70 1.20 1.00
Energy 592.22 586.09 1,596,397.8 84,490.0 26.0 0.00 0.90 0.00
Food & Staples Retailing 1,339.01 1,358.41 105,675.0 474.0 13.0 23.80 2.30 3.10
Food, Beverage & Tobacco 927.82 929.91 319,003,921.0 40,391,579.0 1,959.0 21.20 2.20 4.00
Health Care Equipment & Services 1,096.79 1,068.46 3,939,592.4 312,216.0 148.0 26.40 2.00 2.10
Household & Personal Products 1,287.90 1,260.95 1,517,240.0 101,200.0 16.0 16.00 2.10 1.80
Insurance 1,328.05 1,324.91 5,079,081.4 284,566.0 241.0 5.20 0.70 2.30
Materials 1,559.93 1,553.46 102,783,403.4 6,822,314.0 1,627.0 9.90 2.00 3.10
Real Estate 760.70 761.36 2,198,817.8 62,606.0 139.0 4.90 0.60 1.60
Retailing 899.36 902.46 987,421.7 102,957.0 126.0 16.00 0.70 1.70
Telecommunication Services 945.47 944.41 2,310,984.5 159,974.0 57.0 8.10 1.00 5.00
Transportation 7,408.68 7,408.68 40,351,570.1 911,532.0 632.0 66.70 7.90 0.00
Utilities 914.64 909.55 25,283,217.9 2,892,924.0 283.0 18.10 2.90 2.40

Key Announcement
➢ Prime Lands Residencies Limited’s initial 100Mn Ordinary Voting Shares relating to the Initial Public Offering at a
price of LKR 10.40 per share, was oversubscribed. Accordingly, Board has decided to close the Issue at 4.30
tomorrow (12 May 2021). It has also been decided to exercise the option to issue up to another 87.5Mn Ordinary
Voting Shares.

➢ National Development Bank PLC (NDB) has received subscriptions for its Rights Issue from its existing
shareholders; entitlements of 78.64Mn shares (LKR 5.9Bn) and additional shares of 10.2Mn (LKR 763Mn)
accordingly 88.82Mn of the issued 106.78Mn shares were subscribed (83% of the issue). Therefor 17.97Mn of the
Rights Shares (LKR 1.35Bn) are available to be offered to Norwegian Investment Fund for Developing Countries
("Norfund") at LKR 75/- per share.
The Bank will further offer 17.71Mn Ordinary Voting Shares at LKR 82.50 per share amounting to LKR 1.46Bn to
Norfund via the proposed Private Placement, such that Norfund will hold 9.99% of the Ordinary Voting shares in
issue of the Bank post Rights Issue and Private Placement. Accordingly, upon completion of the share allotments
mentioned above, the Bank is expected to raise a total sum of LKR 9.47Bn.

➢ Softlogic Finance PLC (CRL, Current market price 9.80), resolved on 10th May 2021, to increase the Company's
Stated Capital (LKR 4.51Bn) by infusing fresh capital of LKR 2.24Bn by way of a Rights Issue of 224Mn shares in
the proportion of 05 new Ordinary Shares for 06 Ordinary Shares held, at a cash consideration of LKR 10/- per
share, to strengthen the Tier I Capital, based on the Company's forecasted Business Expansion Programme,
during the Financial Year 2021/2022, whilst being in compliance with the Capital Adequacy Requirements up to 1st
July 2022. CRL’s parent company, Softlogic Capital PLC (CRL), has informed the Company to take up fully, their
rights entitlement and to further subscribe fully for any unsubscribed rights, so that the Rights Issue would be
fully subscribed.

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 May, 2021

Key Announcements
➢ Lankem Ceylon PLC (LCEY) - Rights Issue of Ordinary Shares; Company has introduced an additional mechanism
to be followed by the shareholders (as at end of trading on 28 April 2021) in applying for their Rights
entitlements and for additional Rights Shares. Accordingly entitled Shareholders who wish to subscribe for the
Rights Issue may follow the instructions stated in the "NOTICE TO SHAREHOLDERS" when forwarding
applications for their Rights entitlement and additional Rights shares. For further clarification, any Shareholder
could contact the Company Secretaries/Registrars, Corporate Managers & Secretaries (Private) Limited on Mobile
Nos.0741979083, 0741979084 and 0741979085.

➢ The Colombo Fort Land and Buildings PLC’s (CFLB) 19.66Mn shares issued to Corporate Holdings (Pvt) Ltd and
Financial Trust Ltd at a consideration of LKR 10/- via Private Placement were listed on 11th May 2021.

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

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
LLUB 24-May-21 MEL 28-May-21 INDO 31-May-21 GOOD 2-Jun-21 SDB 28-May-21
CTC 25-May-21 SDB 28-May-21 AINS 31-May-21 NEST 10-Jun-21

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 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
CINS 40.00 Final 06 May 2021. 18 May 2021. NEST 20.00 Final 11 Jun 2021. 02 Jul 2021.
HARI 20.00 1st interim 12 May 2021. 01 Jun 2021. MGT 0.10 Final 29 Jun 2021. 09 Jul 2021.
CTC 11.35 Final 28 May 2021. 17 Jun 2021. AGST 0.20 Final 01 Jul 2021. 19 Jul 2021.
VLL 0.125 1st interim 21 May 2021. 14 Jun 2021 . ALUM 0.10 Final 30 Jun 2021. 08 Jul 2021.
SDB 2.25 1st & Final 31 May 2021. 18 Jun 2021. DIAL 0.74 Final To be notified
PDL 3.50 1st & Final 10 Jun 2021. 01 Jul 2021. PINS 3.00 Final To be notified
UCAR 14.00 Final 11 Jun 2021. 02 Jul 2021. HDFC 0.25 Final To be notified

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- 19 May. 20 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.
Kotagala Plantation PLC (KOTA) LKR 3.00 LKR 790Mn 7 for 2 To Be Notified

Upcoming Listings Equity

Company Issue Price CSE Listing Number and Type of Securities to be Offered Issue Opening % on Offer Issue Size
PRIME LANDS RESIDENCIES LTD Main / Dirisavi
187.5Mn Ordinary Voting Shares 11th May 2021 20.00 LKR 1.95Bn
LKR 10.40 Board

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 May, 2021

Economic Indicators & Other Statistics

Exchange Rates Indicative Rates
11th May 10th May 11th May 10th May
Currency Currency
Buying Selling Buying Selling Ind: Value Ind: Value
Dollar (USA) 197.60 201.95 197.60 201.95 Yuan (Offshore) 31.090 31.042
Pound (UK) 278.55 285.50 276.59 283.35 Rupee (India) 2.714 2.724
Euro (EU) 239.12 245.49 239.45 245.69 Won (Korean) 0.178 0.179
Dollar (Australia) 154.35 158.77 154.57 158.85 Dinar (Kuwait) 663.613 662.679
Dollar (Canada) 162.45 167.53 162.39 167.11 Ringgit (Malay) 48.501 48.571
Franc (Switzerland) 217.66 224.97 217.52 224.70 Rial (Oman) 518.414 518.211
Renminbi (China) 29.92 31.63 29.90 31.60 Riyal (Qatar) 54.815 53.693
Yen (Japan) 1.8103 1.8551 1.8108 1.8555 Riyal (KSA) 53.218 53.186
Dollar (Singapore) 148.52 152.47 148.60 152.48 Dirham (UAE) 54.335 54.315

Colombo Consumers’ Price Index (CCPI) & National

Inflation Government Securities - Secondary Market Yield
Consumer Price Index (NCPI)
9 8.1 8.39 8.46 8.55
7.6 % 8.17
7.0 8.4 7.87
6.4 7.69
7 6.3 6.1 6.2 7.38
6.2 5.9
5.7 5.5 7.4 6.99
5.4 5.2 5.2
5.2 4.6 6.60
5 4.2
4.2 5.1 4.0 3.9 4.1 4.0 4.0 4.1 6.4 6.08
3.7
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 05-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. 11.05.2021 05.05.2021 28.04.2021 21.04.2021
Standing Deposit Facility (SDF) 4.50% 5.50% 91 Days % 5.12 5.12 5.11 5.10
Standing Lending Facility (SLF) 5.50% 6.50% 182 Days % 5.14 5.14 5.14 5.13
Statutory Reserve Ratio (SRR) 2.00% 2.00% 364 Days % 5.18 5.18 5.18 5.18
BankRate 8.50% 9.50% Amount 21.01Bn 34.91Bn 29.89Bn 36.57Bn

Date 29.03.2021 27.01.2021 29.03.2021 11.12.2020 09.04.2021 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 6.34 7.05 6.79 7.70 7.44 7.84 10.59
Previous Auction 11.01.2021 03.06.2020 10.03.2021 28.09.2020 29.03.2021 12.03.2020 16.01.2020 15.10.2018
Previous Yield 6.38 8.59 7.08 6.59 7.58 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

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 May, 2021

Economic Indicators & Other Statistics

71 Gold & Crude Prices - Bloomberg 1,840 1,845
800 69.7 1,838
70 1,835
750 Tea Prices 68.8 68.9
700 (LKR/ kg) 69 1,821
652.2 67.9 1,825
650 68 68.7
68.0 1,815
600 614.2 67 66.4
65.6 65.5 1,805
550 564.4 66 65.2
500
64.6 64.5 1,795
65
1,793
450 64 1,785
400 High Medium Low 1,783 1,775
63 1,779
350
62
Brent Crude WTI Crude Gold 1,765
15-Oct-19 5-Feb-20 3-Jun-20 16-Sep-20 06-JAN-21 28-APR-21 04-05-21. 05-05-21. 06-05-21. 07-05-21. 10-05-21. 11-05-21.

300 OVERNIGHT MARKET LIQUIDITY

200 199.58
(LKR BN) Exchange
USD to LKR
200 195

139.76
190
100
185

-
180
19-May-20 30-Jul-20 10-Oct-20 21-Dec-20 3-Mar-21
26-May-20 18-Aug-20 11-Nov-20 8-Feb-21 9-May-21

Local News
Sri Lanka to borrow US$200m from ADB to upgrade rural roads
ECONOMYEXT – Sri Lanka’s cabinet of ministers has cleared a proposal to borrow 200 million US dollars from the
Asian Development Bank as part of a project to upgrade rural roads in Eastern, Northern, Uva and Western
provinces. It is the tranche of a 900 million US dollar project to upgrade 3,400 kilometres of rural roads and 340
kilometres of national roads connected to economic centres in the provinces. The 900 million US dollar ‘Second
Integrated Road Investment Program’ is expected to be completed by March 31, 2027. The cabinet approved a
resolution by Prime Minister and Finance Minister Mahinda Rajapaksa to enter into a loan agreement with ADB.

Pushback growing against business and job-killing virus-related restrictions

Dailymirror -While the country’s health sector is pushing for more restrictions on the daily lives of people, citing the
rising COVID cases, there is a widespread pushback building up from multiple sectors of society as small businesses
are being pushed to the verge of collapse while people are losing daily income from their livelihoods. Early signs of
backlash against isolations emerged last week, when a large section of traders and people who earn a living through
daily work in the Piliyandala area rose up against such restrictions, voicing their concerns through their parliamentary
representative in the area, MP Gamini Lokuge, who is also the Cabinet Minister for Transport. While Lokuge did not
oppose to isolating Grama Niladari divisions deemed as high risk, he asked the authorities to deliberate whether a
full-scale isolation of the whole area, including the city limits, was actually warranted.
Only 23% of Itukama COVID-19 fund utilised
Daily Ft -Only 23% of the Itukama COVID-19 Healthcare and Social Security Fund, which has Rs. 1.75 billion in deposits,
has been utilised to date, the President’s Media Division (PMD) said yesterday, but the balance will be used for the
country’s vaccination program. Questions have been raised by the public about the Itukama fund, causing the PMD
to release a breakdown of the funds used thus far. According to the PMD, Rs. 391,479,824 has been used thus far by
the Health Ministry and Sri Lanka Army. The expenses deducted from the fund include Rs. 42.6 million for PCR
testing, Rs. 67.5 million for awareness and educational programs, Rs. 38 million for quarantine measures, and Rs.
3,000 for administrative costs.Liabilities include Rs. 41.5 million for vaccination, Rs. 194 million for the purchase of 10
ambulances, and Rs. 7.7 million for ICU beds.

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 May, 2021

Germany’s high potential organic products market yet to be tapped by Lankan exporters
Dailymirror -Although trade relations between Sri Lanka and Germany have grown deeper over the years, there still
prevail untapped markets, specially in the organic products segment, senior representatives of the Delegation
German Industry and Commerce in Sri Lanka (AHK Sri Lanka) said. German Industry and Commerce Chief Delegate
Andreas Hergenröther noted that while Germany has been Sri Lanka’s third largest export market for many
consecutive years, there remains room for further improvement, he said. He pointed out that even during the
pandemic, in 2020, Sri Lankan exports to Germany reached Euros 718 million, which indicates the acceptance of Sri
Lankan products in that market. In an effort to pave the way for Sri Lankan exporters to partner with German
importers, the AHK Sri Lanka together with the German Asia Pacific Business Association (OAV), organised a forum
recently in Colombo. The event also featured Export Development Board (EDB) Chairman Suresh de Mel, who
provided an extensive overview of Sri Lanka’s export capacities.

1Q tax income narrowly misses target amid spurt in economic activities

Dailymirror - Sri Lanka’s tax income during the first fiscal quarter has only narrowly missed the target set for the
period, in a clear sign of robust economic recovery staged in the first three months of the year, which came with the
return of normalcy. At the Public Finance Working Committee meeting held last week, it was revealed that the
Inland Revenue Department (IRD) has recorded a 98 percent achievement of the first fiscal quarter target set for tax
revenue. Sri Lanka has a total tax revenue target of Rs.1,724 billion for 2021, of which Rs.371 billion is set to come
from corporate and personal income taxes, Rs.823 billion from the taxes on goods and services and another Rs.530
billion from taxes on the external trade.

Foreign News
Asia shares fall on worries over inflation, Fed outlook
(Reuters) - Asian shares declined in early trade on Tuesday as Wall Street retreated on worries about accelerating
inflation, prompting investors to cut back on their exposure to growth-focused stocks on bets of higher interest
rates in the not-too-distant future.

In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.7%, with Australian stocks off
1.2% and Tokyo’s Nikkei 2.63% lower. China’s blue-chip CSI300 index fell 0.77% in morning trade, while Hong Kong’s
Hang Seng index opened down 2%. Overnight, Wall Street closed lower as inflation jitters drove investors away from
market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy gathers momentum.
The Dow Jones Industrial Average pulled back from record highs hit earlier in the U.S. day. The S&P 500 extended
losses to 1%, and the tech-heavy Nasdaq Composite fell 2.55%.

Speculation that growing price pressure would erode the dollar’s value kept the U.S. currency near a 2-1/2-month
low. By early Tuesday, the dollar index, which measures the greenback against six major currencies, had pared losses
to stand at 90.333. A sluggish dollar helped sterling rally to $1.412, the highest since Feb. 25, despite Scotland’s leader
saying another referendum on independence was inevitable after her party’s resounding election victory.

Rising inflation expectations lifted longer-dated U.S. Treasury yields. The yield on benchmark 10-year Treasury notes
rose to 1.5914% after plunging to a two-month low of 1.469% on Friday. Treasuries and the dollar have swung back
and forth as investors adjust their expectations for when the U.S. Federal Reserve will start tapering bond purchases
and raising interest rates as the U.S. economy gains momentum. The two-year yield, which rises with traders’
expectations of higher Fed fund rates, touched 0.1528% compared with a U.S. close of 0.153%.

Oil prices gave up earlier gains as concerns that rising COVID-19 cases in Asia will dampen demand outweighed
expectations that a major U.S. fuel pipeline could restart within the week following a cyber attack. U.S. heating oil
futures, which reflects prices for jet fuel and diesel, stood at 2.0074 a gallon. U.S. crude dipped 0.63% to $64.51 a
barrel. Brent crude fell to $67.83 per barrel. Gold was slightly lower. Gold was slightly lower. Spot gold was traded at
$1834.36 per ounce.

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 [DAILY STOCK MARKET HIGHLIGHTS] 11 May, 2021

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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
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