Namal Acuity’s portfolio shows Rs. 1.35 bn value for ‘17
View(s):The Namal Acuity Value Fund (NAVF) has an equity portfolio value of Rs. 1.35 billion for the period ended 31st December 2017, latest data showed.
The NAVF generated a return of -3.2 per cent for the three month period ended December 2017, compared to the All Share Price Index (ASPI) return of -1.1 per cent and the S&P Sri Lanka 20 Index (S&P SL20) return of -0.6 per cent, the company has said in the results review.
Its top holdings included Tokyo Cement (20 per cent), HNB (12 per cent), Chevron Lubricants (11 per cent), NTB (7 per cent) and 6 per cent each in Access Engineering, LIOC and Sampath Bank, the data showed.
The Fund’s net loss for the third quarter was reduced by Rs. 34.9 million compared to Rs. 80.5 million loss reported last year. The net loss was mitigated as a result of the reduction in unrealised losses during the period. For 3QFY18, the Fund’s unrealised loss was Rs. 36.8 million compared to Rs. 100 million last year.
Total investment loss for the period was Rs. 39.8 million compared to Rs. 74.3 million in 3QFY17.
Net asset value of the Fund increased 2.2 per cent to Rs. 1,411.3 million during the period.
In debt markets, treasury yields continued to fall in primary market and secondary market auctions during last year, the company said. The benchmark 1 year Treasury bill yield stood at 8.9 per cent at the end of the period. Policy rates were held steady in 3QFY18, despite high inflation observed during the period, to stimulate growth. However, tighter monetary policy adopted during the year led to a continued slowdown in private sector credit growth rate in 3QFY18 to 15.4 per cent by end November ’17.