Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» #PM Crisis#
by Yahapalanaya Today at 3:30 am

» MARKET RISE - GUARANTEED
by Yahapalanaya Today at 3:24 am

» Financial Reports Q-3 2018
by ruwan326 Yesterday at 7:47 pm

» DIVIDEND ANNOUNCEMENTS- OCT/NOV
by ruwan326 Yesterday at 7:43 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 7:41 pm

» KEEP AN CLOSE EYE ON BFN DONT SELL BELOW 17
by kalu351 Yesterday at 7:05 pm

» Don't put your money on risk ! Buy politically less effect shares !!!!
by The Hunter Yesterday at 12:55 pm

» what is the best price for TKYO
by Pahan Yesterday at 11:11 am

» Is HNB price is attractive
by Pahan Yesterday at 10:57 am

» BFN DEAL -DONT SELL BFN AT 14 LEVEL
by kalu351 Yesterday at 10:45 am

» BFN Deal to go on in spite of the political crisis
by kalu351 Yesterday at 8:36 am

» ##FUN TOONS###
by ruwan326 Yesterday at 7:06 am

» TBs worth Rs.14.2 bn issued to SriLankan in 2012
by ruwan326 Sun Nov 18, 2018 6:42 am

» SRI LANKA @ 2020
by ruwan326 Sat Nov 17, 2018 7:24 am

» Dealing by directors
by ruwan326 Fri Nov 16, 2018 9:08 pm

» Summary of Key Announcements during the week
by ruwan326 Fri Nov 16, 2018 9:06 pm

» CSE WEEKLY
by ruwan326 Fri Nov 16, 2018 9:02 pm

» BFN Price HOLDING ON AS THE DEAL COME CLOSER
by sanjulanka Fri Nov 16, 2018 1:29 pm

» Another Finance sector deal UBC UBC UBC Deal
by kalu351 Fri Nov 16, 2018 10:56 am

» BFN BFN BFN BFN BFN DEAL ......WITH CHINESE BANK
by kalu351 Fri Nov 16, 2018 10:54 am

» MARKET CRASH - GUARANTEED
by Maharaja Fri Nov 16, 2018 9:32 am

» Q-TO-Q Financial Report-Financial Performance- Period ended 30 September 2018
by ruwan326 Thu Nov 15, 2018 9:00 pm

» CB raises key rates in surprise move to support currency
by Miss-Sangeetha Thu Nov 15, 2018 4:59 pm

» President rejects NCM brought against PM, Govt.
by ranferdi Thu Nov 15, 2018 2:36 pm

» Supreme Court issues stay order on Gazette dissolving Parliament
by THUWA Wed Nov 14, 2018 5:28 pm

» CSE THIS WEEK
by ruwan326 Wed Nov 14, 2018 8:27 am

» Veterans return to lead state banks
by ruwan326 Wed Nov 14, 2018 8:21 am

» Collect ODEL Range Rs. 23-25 .......Target Price over Rs.35
by soileconomy Tue Nov 13, 2018 8:54 pm

» අනං## මනං ##
by ruwan326 Tue Nov 13, 2018 8:52 pm

» JKH News & Reports
by ruwan326 Tue Nov 13, 2018 8:11 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Local buying of JKH to the tune of Rs. 7 Bn in a week accounts for main foreign outflow

Local buying of JKH to the tune of Rs. 7 Bn in a week accounts for main foreign outflow

Go down  Message [Page 1 of 1]

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Analysts outline that with Monday (November 5th 2018) net outflow due to foreign selling of market heavy weight John Keells Holdings PLC (JKH) brings the figure since 26th October 2018 to over Rs. 7 billion. In January to September this year the outflow was only Rs. 6 billion. On Monday 29th October 2018 first parcel of JKH shares traded with over 20 million shares trading reporting over Rs. 3 billion turnover alone from JKH trade to the market turnover.
According to analysts market turnover was a high again on 5th November 2018 Monday reporting Rs. 4.1 billion with deals on JKH accounting for Rs. 3.5 billion. Nearly 23.7 million of JKH shares traded and foreign holding declining by 21.4 million. JKH closed one rupee lower at Rs. 150. Foreign sales accounted for 78% of the turnover. Analysts and reports said businessmen Harry Jayawardena is slowly taking over a major stake in JKH at a larger discounted price when JKH financials had been weaker during last quarters and before the JKH price may move up to a high due to new government’s policy that may fuel the capital flows to the market from local institutional funds.
Amidst a sudden rise in All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) since 26thOctober 2018 due to the changes that took place in the country’s political landscape, some foreign funds have already disposed a large parcel of country’s stock market heavy weight John Keells Holdings PLC (JKH) in turn reflected to show that foreigners are exiting the market and had added to the opposing political sentiments of the people who lost minister-ships to beneficially quote that foreigners are pulling out their money.
 

- Reporting by Devendra Francis
Source-Adaderana

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
May be HJ is buying JKH through his diversified entity MELSTACOP.shares of melstacop are going up

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum