Wed, 22 Mar 2023 Today's Paper

LOLC dethrones JKH to become most valuable corporate on CSE


27 January 2021 03:53 pm - 1     - {{hitsCtrl.values.hits}}


Diversified LOLC Holdings PLC today dethroned the long time top dog John Keells Holdings PLC (JKH) becoming the most valuable listed entity on the Colombo Stock Exchange (CSE) in terms of market capitalization.

As at today’s market close, LOLC’s market capitalization stood at 247.7 billion, higher than the Rs.225.8 billion market capitalization of JKH. LOLC’s market cap accounted for 6.44 percent of the total market cap.

Ceylon Tobacco Company PLC is the third highest market cap company on the CSE.

On Monday, LOLC joined the billion-dollar club, becoming the third company on the CSE with a market capitalization exceeding US $ 1 billion as per the current exchange rate.

LOLC share yesterday rose by Rs.104 or almost 25 percent to close at Rs.521.25, while JKH share fell by Rs.1.50 or 0.87 percent to close at Rs.171.25 percent.

LOLC Deputy Chairman Ishara Nanayakkara owns nearly 80 percent of the issued shares of the company.





  Comments - 1

  • Leo Wednesday, 27 January 2021 06:17 PM

    Hope LOLC can become our Samsung.

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

Wokeism: Is it destructive, or are you afraid of change? A response

In order to critically discuss a movement, we must first understand its etymo

Defeat in Ananthapuram Battle denoted the LTTE’s end

Many battles were fought during the long war between the Sri Lankan armed for

Wokeism: A Weapon of Mass Destruction?

When can one say they’ve had enough of being in a state of ‘wokeness’ a

Fake news fraud using Prabha and family

Members of a dozen Sri Lankan Tamil families gathered in the evening at the r