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Net foreign outflow tops Rs.970mn

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16 September 2020 09:18 am - 0     - {{hitsCtrl.values.hits}}

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  • Net foreign selling at JKH tops Rs.809mn

The Colombo bourse yesterday saw little over Rs.970 million net foreign outflows with net foreign sales at John Keells Holdings PLC amounting to Rs.809.5 million, the stock market data showed.


The market witnessed 6.1 million JKH shares changing hands in six crossings between Rs.135 and Rs.137 per share. The bulk of the shares is believed to have been bought by Don & Don Holdings (Pvt) Ltd and Sisil Investments Ltd., two companies linked to LOLC controlling shareholders.


Last Thursday, little over 13 million JKH shares, which amounted to 1 percent of the issued shares of JKH, were traded. Unconfirmed reports said bulk of the shares was bought by Sisil Investments and Don & Don Holdings.


Brokers also said net foreign sales were witnessed on the counters of Ceylon Cold Stores PLC, Commercial Bank of (Ceylon) PLC, Ceylon Tobacco Company PLC and Dipped 
Products PLC.


Net foreign purchases were recorded at Hatton National Bank PLC, Watawala Plantations PLC, Namunukula Plantations PLC, Vallibel Finance PLC and Aitken Spence PLC.

The market turnover for the day was Rs.3.2 billion. The main All Share Price Index closed at 58, 533.69 up 43.09 points or 0.78 percent while the more liquid S&P SL20 Index closed at 2 ,389.33 up 6.56 points or 0.28 percent.

 

 


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