Tag Archives: Mergers and Acquisition Sri Lanka

Sri Lankan stocks rise to 3-mth high on foreign buying

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

FEBRUARY 8, 2018

COLOMBO, Feb 8 (Reuters) – Sri Lankan shares rose to their highest close in three months on Thursday as foreign investors picked up blue chip stocks such as conglomerate John Keells Holdings Plc.

The Colombo stock index ended 0.55 percent firmer at 6,542.90, its highest close since Nov. 10, 2017.

Shares in Carson Cumberbatch Plc rose 6.9 percent, while conglomerate John Keells Holdings Plc ended 0.5 percent higher.

Ceylon Beverage Holdings Plc jumped 14.1 percent and Nestle Lanka Plc firmed 2 percent.

“Foreign interest in blue chips like John Keells pushed the market up,” said Dimantha Mathew, head of research at First Capital Holdings.

Sri Lanka will hold a long-delayed local government election on Feb. 10 amid worries about the future of the country’s coalition government.

The market turnover was 1.3 billion rupees ($8.43 million), more than last year’s daily average of 915.3 million rupees.

Foreign investors bought a net 392.8 million rupees worth of shares on Thursday, extending the year-to-date net foreign inflow to 4.9 billion rupees worth of equities.

$1 = 154.3000 Sri Lankan rupees Reporting by Ranga Sirilal and Shihar Aneez; Editing by Amrutha Gayathri

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.

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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.

Weekly Government Securities Market – 08-02-2018

Ceylon Today | 2018-02-08

Weekly Yield movement & Volume

Overall yield curve remained almost unchanged however there was a slight upward shift during the latter part of the week with moderate volumes. At the Treasury Bill auction held on 07 Feb, 6M Bill and 1-yr Bill saw its yields increasing by 4bps while the yield of the 3M Bill increased by 6bps.

Liquidity & CBSL Holdings

Market liquidity had an upward trend at the beginning of the week followed by a declining phase during the latter part of the week. The highest volatility was recorded on 30 Jan amounting to LKR 13.1Bn and a slight drop was witnessed on 2nd Feb and continued on an upward trend thereon.

Foreign Interest

Amidst continued foreign buying interest, foreign holding increased by LKR 1.99Bn to record at LKR 330.1Bn. With the overall government, securities increased with foreign buying interest the overall foreign holding percentage remained at 6.7%.

Maturities for next Week

The Government securities market has Treasury Bill maturity amounting to LKR 18.232Bn which needs to be settled on 16 February 2018.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank, and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. 

Sri Lankan stocks end marginally lower ahead of polls

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

FEBRUARY 8, 2018

COLOMBO, Feb 7 (Reuters) – Sri Lankan shares ended lower for a second straight session on Wednesday as investors sold blue-chip stocks such as John Keells Holdings Plc ahead of the local government polls over the weekend.

The Colombo stock index ended 0.08 percent weaker at 6,507.25, slipping further from its highest close since Jan. 9 hit on Friday.

Shares in conglomerate John Keells Holdings Plc slipped 0.6 percent, while Colombo Cold Stores Plc edged down 1.9 percent and Sri Lanka Telecom Plc lost 1.7 percent.

“There is no real direction as investors are on a wait-and-watch mode ahead of the elections,” said Dimantha Mathew, head of research at First Capital Holdings.

“Turnover is boosted by some foreign buying.”

Sri Lanka will hold the long-delayed local government election on Feb. 10 amid worries about the future of the country’s coalition government.

The market turnover was 968.3 million rupees ($6.27 million), more than last year’s daily average of 915.3 million rupees.

Foreign investors bought a net 124.4 million rupees worth of shares on Wednesday, extending the year-to-date net foreign inflow to 4.5 billion rupees worth of equities. ($1 = 154.5000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Vyas Mohan)

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

Sri Lankan stocks slip ahead of polls

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

FEBRUARY 8, 2018

COLOMBO, Feb 6 (Reuters) – Sri Lankan shares ended slightly weaker on Tuesday, slipping from their highest close in more than three weeks, with domestic investors staying on the sidelines ahead of the local government polls over the weekend.

The Colombo stock index ended 0.12 percent weaker at 6,512.54, slipping from its highest close since Jan. 9 hit on Friday. The market was closed on Monday on account of a bank holiday.

Shares in conglomerate John Keells Holdings Plc slipped 0.9 percent, while Hatton National Bank Plc edged down 0.8 percent and Sampath Bank Plc lost 1.2 percent.

“Local investors are on a wait-and-see mode ahead of the elections and that is the main reason why we don’t see much local activity. We expect this trend to continue for the next few days,” said Dimantha Mathew, head of research at First Capital Holdings.

Sri Lanka will hold the long-delayed local government election on Feb. 10, amid worries about the future of the country’s coalition government.

The market turnover was 848.3 million rupees ($5.49 million), less than last year’s daily average of 915.3 million rupees.

Foreign investors bought a net 122.2 million rupees worth of shares on Tuesday, extending the year-to-date net foreign inflow to 4.4 billion rupees worth of equities. ($1 = 154.6000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Amrutha Gayathri)

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