WEEKLY MARKET REVIEW Week 04, Jan 19,2015 - Jan 25, 2015

Global Equity Market Indexes Index

Prev. W/Close

Commodity Markets W. Chg (%)

YTD (%)

17,320.71

17,813.98

2.85%

-0.94%

Gold (USD/ oz.)

NASDAQ (CCMP:IND)

4,570.82

4,750.40

3.93%

-0.57%

DJ_Islamic (IMXL:IND)

3,169.23

3,222.97

1.70%

DJ_Industrial (INDU:IND)

FTSE (UKX:IND)

Last Close

Index

Prev. W/Close

Last Close

W. Chg (%)

YTD (%)

1,276.80

1,292.60

1.24%

9.16%

Silver (USD/ oz.)

17.68

18.30

3.48%

16.60%

0.47%

Crude Oil (USD/bbl.)

48.33

45.20

-6.48%

-15.15%

Platinum (USD/ oz.)

1,263.00

1,260.00

-0.24%

4.65%

6,498.78

6,796.63

4.58%

0.70%

16,864.16

17,511.75

3.84%

-1.23%

MSCI_ World (MXWO:IND)

1,675.54

1,707.74

1.92%

-0.11%

S&P 500 (SPX:IND)

1,992.67

2,063.15

3.54%

-0.83%

Hang Seng (HSI:IND)

24,103.52

24,850.45

3.10%

5.74%

W. Chg (%)

YTD (%)

Dubai (DFMGI:IND)

3,842.60

3,882.93

1.05%

4.22%

GBP/USD

1.51

1.50

-0.66%

-3.85%

Abu Dhabi (ADSMI:IND)

4,499.18

4,526.92

0.62%

1.87%

USD/LKR

131.36

132.23

0.66%

0.62%

Saudi (SASEIDX:IND)

8,458.72

8,393.81

-0.77%

-1.09%

USD/JPY

117.08

117.62

0.46%

-89.50%

Bahrain (BHSEASI:IND)

1,428.46

1,433.53

0.35%

1.24%

EUR/USD

1.16

1.12

-3.12%

-7.52%

11,862.51

11,696.86

-1.40%

-5.12%

NIKKEI (NKY:IND)

Qatar (DSM:IND) Oman (MSM30:IND)

6,518.82

6,637.73

1.82%

6.77%

India (SENSEX:IND)

28,249.84

29,006.02

2.68%

5.48%

Brazil (IBOV:IND)

Source: Kitco.com/Traderslog.com

Currency Markets Index

Prev. W/Close

Last Close

Source: X-Rates.com

Colombo Stock Exchange (CSE)

48,026.31

49,442.62

2.95%

-2.28%

W. Chg (%)

YTD (%)

China (SHSZ300:IND)

3,635.15

3,571.73

-1.74%

3.30%

ASPI

7,513.86

7,276.63

-3.16%

-0.31%

Germany (DAX:IND)

10,032.61

10,435.62

4.02%

5.12%

S&P SL 20

4,248.03

4,078.89

-3.98%

-0.25%

Index

Prev. W/Close

Last Close

Source: Colombo Stock Exchange

Gold Price Movement

Crude Oil Price Movement

GBP/USD Movement

EUR/USD Movement

All Share Price Index

GIH Cap. Shariah Index GIH Shariah Index

ASP Index

2,100 2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 4/1/2013 18/1/2013 2/2/2013 18/2/2013 4/3/2013 18/3/2013 1/4/2013 16/4/2013 29/4/2013 13/5/2013 27/5/2013 10/6/2013 24/6/2013 7/7/2013 23/7/2013 4/8/2013 18/8/2013 1/9/2013 16/9/2013 29/9/2013 13/10/2013 27/10/2013 10/11/2013 24/11/2013 8/12/2013 22/12/2013 5/1/2014 19/1/2014 2/2/2014 16/2/2014 2/3/2014 16/3/2014 30/3/2014 15/4/2014 25/4/2014 11/5/2014 26/5/2014 9/6/2014 23/6/2014 7/7/2014 21/7/2014 3/8/2014 17/8/2014 31/8/2014 14/09/2014 28/09/2014 12/10/2014 26/10/2014 9/11/2014 23/11/2014 7/12/2014 21/12/2014 5/1/2015 18/01/2015

900

Index

Prev. W/Close

ASPI

7,513.86

Last Close

7,276.63

W. Chg (%)

YTD (%)

-3.16%

-0.31%

Top 10 ASPI Shares Company

Index

GIH Cap.

Prev. W/Close

1,727.35

Last Close

1,776.87

W. Chg (%)

YTD (%)

2.87%

4.99%

W. Chg (%)

YTD (%)

-3.98%

-0.25%

W. Chg (%)

YTD (%)

S&P SL 20 Index Prev. W/Close

Last Close

W. Chg (%)

YTD (%)

Index

Prev. W/Close

CEYLON TOBACCO

1,066.50

1,096.80

2.84%

174.47%

S&P SL 20

CEYLINOC INS

1,393.00

1,535.00

10.19%

687.58%

SHALIMAR

1,960.00

2,189.00

11.68%

58.76%

Top 5 Gainers

36.80

42.90

16.58%

222.56%

EXPOLANKA

9.00

9.20

2.22%

-95.62%

KALAMAZOO

1,000.00

1,250.00

25.00%

569.52%

HOTELS CORP

22.50

23.90

6.22%

-98.67%

CEYLON PRINTERS

2,000.00

2,399.00

19.95%

2229.13%

LANKA CERAMIC

111.30

119.00

6.92%

-94.35%

PRINTCARE PLC

36.80

42.90

16.58%

-71.21%

NUWARA ELIYA

1,660.00

1,746.00

5.18%

1795.77% CONVENIENCE FOOD

264.10

303.40

14.88%

-83.14%

HNB ASSURANCE

86.20

89.40

3.71%

-47.72%

SHALIMAR

1,960.00

2,189.00

11.68%

447.80%

BIMPUTH FINANCE

45.50

48.00

5.49%

-95.47%

Top 5 Loosers W. Chg (%)

YTD (%)

PRINTCARE PLC

Top 3 GIH Cap. Shares Company

Prev. W/Close

Last Close

W. Chg (%)

YTD (%)

4,248.03

Last Close

Company

Prev. W/Close

4,078.89

Last Close

Company

Prev. W/Close

Last Close

SERENDIB ENG.GRP

100.10

18.40

-81.62%

1214.29%

KALAMAZOO

1,000.00

1,250.00

25.00%

1113.59% PC HOUSE

0.30

0.20

-33.33%

-92.31%

CEYLONPRINTERS

2,000.00

2,399.00

19.95%

1510.07% CITRUS LEISURE (W)

1.20

0.90

-25.00%

-97.57%

36.80

42.90

16.58%

-97.62%

ASCOT HOLDINGS

59.90

48.90

-18.36%

3661.54%

Source : Colombo Stock Exchange CITRUS KALPITIYA

4.80

4.00

-16.67%

-76.33%

PRINTCARE PLC

CSE Announcements Dividend

-

IPO (3rd Quarter)

-

-

Islamic Finance News Abu Dhabi Islamic Bank Q4 net profit rises 19.3 pct- Abu Dhabi Islamic Bank posted a 19.3 percent rise in fourth-quarter net profit on Sunday, and also proposed a cash dividend for 2014 that was in line with the previous year's pay-out. The emirate's largest sharia-compliant bank made a net profit of 409.6 million dirhams ($111.5 million) in the three months to Dec. 31, up from 343.3 million dirhams in the prior-year period, it said in a statement. Saudi, Kuwait, Oman, Bahrain exchanges closed on Sunday- The securities exchanges of Saudi Arabia, Kuwait, Oman and Bahrain will be closed on Sunday because of the death at the weekend of Saudi King Abdullah, the exchanges said in statements. They will reopen on Monday. The United Arab Emirates and Qatar exchanges will be open, exchange officials said. BankDhofar weighs options for raising USD300m capital- In line with its goal to enhance its regulatory capital base, BankDhofar says it is weighing a number of options to increase its capital by up to $300 million at the earliest opportunity. The issue was reviewed by the Bank's Board of Directors at their meeting on January 19, the lender stated in a filing to the Capital Market Authority. The preferred option, according to BankDhofar , is a Tier 1 capital raising bond.... Dubai Islamic Bank Q4 2014 net profit rises 64.1 pct; hikes dividend- Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 64.1 percent increase in fourth-quarter net profit on Sunday. The bank made 850 million dirhams ($231.4 million) in the three months to Dec. 31, according to Reuters calculations, up from 518 million dirhams in the corresponding period of 2013. Profits of listed Saudi firms up 4% to SAR114.6bn in 2014- Profits of Saudi listed companies and banks rose by 4 percent to hit SR114.6 billion by the end of 2014 compared to SR110.4 billion in 2013, according to a financial report. Capitals of the listed companies stood at SR488.5 billion whereas their market capitalization hit SR1.82 trillion, the report filed by Al-Hayat daily said. The Saudi Electricity Company (SEC) remained the biggest listed company in terms of capital.... Business heads eye expansions in Qatar- H E Sheikh Ahmed bin Jassim Al Thani, the Minister of Economy and Commerce, met with corporate captains of major international companies on the sidelines of World Economic Forum in Davos. Many of them expressed their desire to further expand their operations in Qatar, the Ministry said here yesterday.

Sri Lanka Business News Sri Lanka’s forex reserves down to US$8.3bn: Central bank- Sri Lanka's forex reserves fell to 8.3 billion US dollars in November 2014, down from 8.8 billion US dollars in October, Central Bank data showed. The bank says the country has outflows on account of foreign debt service payments amounting to 2,054.2 million US dollars and IMF-SBA payments amounting to 704.4 million US dollars. November trade gap widens 35%- The trade deficit in November widened by US $ 186 million or 35 percent year-on-year (yoy), much slower than the previous month despite exports continuing to go south, data released by the Central Bank showed.November exports income fell 10.7 percent yoy to US $ 921 million, largely due to base effects. The import expenditure rose by a moderate 4.8 percent yoy to US $ 1.65 billion, as falling world oil prices took effect. Private sector, markets begin crucial week- The country’s private sector and key markets begin a crucial week with the first monetary policy review under the new Central Bank Governor and mini-Budget of President Sirisena-Premier Wickremesinghe coming up. The customary post-monetary board meeting policy statement is expected to be released tomorrow. Rates increase on expectation of abolishment of two tier SDF window- Markets expect Central Bank of Sri Lanka (CBSL) to do away with its two tier standing deposit facility (SDF) regime introduced by the previous government four months ago on 23 September 2014 while fears of a rupee devaluation to ease pressure on the country's foreign reserves in the budget to be presented three days later on Thursday (29 January) are placing depreciating pressure on the rupee. Arjun Mahendran, Governor Central Bank- President Maithripala Sirisena has appointed economist and investment expert Arjuna Mahendran as the new Governor of Central Bank. Mahendran received the appointment letter from the President Friday at the Presidential Secretariat. Mahendran, who has nearly 30 years of extensive experience in the financial services industry across Asia in both private companies and public sector organizations. 39 top Global CEOs hunting for investment opportunities here- The members of the Chief Executives Organization (CEO), a global grouping, became the initial investors to visit Sri Lanka since the new government was elected into power two weeks ago. The CEO community which is an exclusive international organization of the world's 2,000 most powerful business personnel, is currently on a tour of Sri Lanka.... ETA Melco to hold global meeting in SL- ETA Melco, the global giant of providing end-to-end solutions for vertical transportation requirement, is holding its fourth global business strategic meeting this year in Sri Lanka. Representatives including the management, functional heads and branch heads of the global network of ETA Melco will be heading their way to Sri Lanka with a view to reviewing their current business performances in each market.... Softlogic Finance goes for Rs. 400 m Rights- Softlogic Finance Plc plans to raise Rs. 401 million via a 10 for 28 rights issue priced at Rs. 30 each. The company at present has 37,453,951 shares in issue and the Rights proportion of ten new ordinary shares for every 28 held will see issuance of 13,376,411 new ordinary shares. Central Bank approval has been obtained for the Rights Issue which will be now subject to CSE and shareholder approval. Pradeshiya Sanwardena Bank Rs. 2.5 b debenture issue oversubscribed- The Rs. 2.5 billion listed debenture issue of Pradeshiya Sanwardena Bank (RDB) has been oversubscribed and closed on Friday. RDB intends to raise funds through this Debenture Issue to increase the Tier II Capital of RDB in order t maintain the Capital Adequacy requirements as stipulated by CBSL. The proceeds of the issue will be utilised for future expansion of RDB in terms of operations and asset base. MTD Walkers’ Rs. 2.4 b Rights Issue oversubscribed-The Rs. 2.4 billion Rights Issue of MTD Walkers Plc was oversubscribed, comfortably drawing applications for over and above the number of shares offered under the rights. MTD Walkers Plc issued 53,290,428 new ordinary voting shares in the ratio of 466 shares for every 1000 shares held by the existing ordinary voting shareholders at an issue price of Rs. 45 per share raising capital amounting slightly over Rs. 2,398 million.

Global Business News Oil Slides to Near 6-Year Low; Saudi Arabia Holds Firm Despite Supply Glut - Oil fell to the lowest level in almost six years as signs that Saudi Arabia’s new king will maintain its production policy and rising U.S. crude inventories bolstered speculation that a global glut will persist. Futures dropped as much as 2.7 percent in New York, extending a 6.4 percent slide last week. U.S. stockpiles climbed to 383.5 million barrels last month, the highest level for December since 1930. Euro Falls to 11-Year Low as Syriza Wins Election- The euro fell to an 11-year low against the dollar after Syriza, the party committed to renegotiating the terms of Greece’s international bailout, won a general election. The 19-nation currency fell for a third day versus the greenback, after tumbling last week on the European Central Bank’s plan to pump 1.1 trillion euros ($1.2 trillion) into the economy to stoke inflation. Gold Climbs Toward Highest Level Since August After Greek Vote- Gold advanced toward a five-month high as anti-austerity party Syriza’s victory in Greek elections raised concern that the country may exit the euro area, boosting demand for a haven. Silver and platinum increased. Bullion for immediate delivery rose as much as 0.4 percent to $1,299.31 an ounce, and traded at $1,297.21. The metal climbed on Jan. 22 to $1,307.62, the highest level since Aug. 15. China Money Rate Drops on Signs PBOC to Keep Using Reverse Repos- China’s benchmark money-market rate fell on speculation the central bank will keep injecting funds into the financial system via reverse-repurchase contracts. The People’s Bank of China gauged demand for seven-, 14-and 28-day reverse-repo agreements Monday, as well as 91-day bills, according to traders at primary dealers required to bid at the auctions. Obama Arrives in New Delhi to Boost Ties With India’s Modi- President Barack Obama arrived in New Delhi Sunday with expectations for strengthening a bond with Indian Prime Minister Narendra Modi and laying the groundwork for greater cooperation on climate change, security and trade. In his second visit as president to Asia’s third-biggest economy, Obama meets again with Modi to build on ties the two men developed during the Indian leader’s trip to the U.S. last September. U.S. 30-Year Yield Extends Record Low- Treasuries rose, sending 30-year yields to a record low and reviving this month’s global bond rally. The U.S. 30-year yield declined three basis points to 2.34 percent at 12:08 p.m. in Tokyo, according to Bloomberg Bond Trader data. The 3 percent bond due in November 2044 rose 25/32, or $7.81 per $1,000 face amount, to 114 3/32. The yield fell as low as 2.3337 percent.

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