To day we saw a 37.06% price appreciation by the KAPI an engineering company which is engaged in road development activities / construction activities/ supplying machinery to tea industry etc.
A press release from the company said that MTD Capital bhd, the major share holder of MTD Walkers Plc (KAPI) is evaluating various options of restructuring the MTD Group investments in Sri lanka. The major share holder of the company MTD Capitalbhd owned more than 90% of the company. KAPI Last Q profits (30 sep 09) was up by 624% & reported Rs 16.1 m.n. as against Rs 2.2 m.n. a year earlier.
To day there were only 44 positive contributors as against 112 negative contributors.
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