Yesterday's turnover at CSE(16/12/2009) of Rs. 5.3, driven largely by foreign fund Janus buying further into John Keells Holdings (JKH) and increasing its stake to around 7%.
A total of 29.1 million JKH shares changed hands between a high of Rs. 160.50 and a low of Rs. 159 before closing at Rs. 160.25, up by Rs. 1.25. On Tuesday it rose by Rs. 5.25 also on account of buying by Janus. Up to Tuesday, Janus had owned around 3.5% stake in JKH.
Among sellers were several institutional and individuals, both foreign and local.
Analysts said foreign interest on Sri Lanka and in particular on the country's premier blue chip JKH augurs well for future prospects.
Commercial Bank also saw slightly over a million of its shares traded between a high of Rs. 178 and a low of Rs. 175 before closing at Rs. 177, up by Rs. 2.
Year to date the Colombo bourse, in terms of All Share Price Index has gained by 105.5% and Milanka Price Index by 115%. -
source - www.dailymirror.lk
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