High-net-worth and institutional investor interest seen in LOLC shares

16 June 2020 12:00 am - 0     - {{hitsCtrl.values.hits}}

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Several high-net-worth investors and local institutional investors, including Sohli Captain, Nimal Perera, Sri Lanka Insurance and Capital Trust, were believed to be among the buyers of LOLC Holdings PLC shares, in the last two trading sessions, amid foreign selling.


LOLC Holdings’ foreign shareholding as of yesterday amounted to little over three million shares, compared to 9.2 million shares on June 12, 2020.


As at May 11, 2020, LOLC’s foreign shareholding amounted to 20 million shares and two Mathews funds (Matthews International Funds-Matthews Asia and Matthews Emerging Asia Fund) held 18 million shares and GF Capital Global Limited held one million shares, as at December 31, 2019. 


Majority of LOLC shares were traded at Rs.117. On June 12, there were three crossings, amounting to one million shares at Rs.117 per share and yesterday again three crossings were recorded, amounting to four million shares at Rs.117 each. 


LOLC Holdings’ net assets per share as at December 31, 2019, stood at Rs.191.83.


Nanayakkara family and related entities held over 84 percent of the issued shares of LOLC Holdings, as at December 31, 2019, while the Employees’ Provident Fund had a 3.2 percent stake. 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

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