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The Invisible
The Invisible
Posts : 3041
Join date : 2016-11-28
Age : 41

JKH shares trade Rs1.1bn worth at 126-127/share in today’s trades Empty JKH shares trade Rs1.1bn worth at 126-127/share in today’s trades

on Tue Oct 16, 2018 2:01 pm
Message reputation : 100% (2 votes)
October 16, 2018 (LBO) – Shares of recently sinking market bellwether John Keells Holdings (JKH) have transacted close to Rs1.1bn (US$6.5mn) worth of shares today, with transactions done in several blocks through the day.

Most of the shares were done at a price of Rs126-127, multiyear lows for the stock.

Trading in the market’s most liquid stock accounted for over 80% of total trading at the Colombo Stock Exchange (CSE) as the trading day with one hour to go till the close.

Foreigners have been net sellers of JKH year to date due to outflows from emerging market funds. Many sources say that there are still many more foreign sellers in the pipeline.

Block trades in JKH are being closely watched as speculation builds with regard to who the potential local buyers of the foreign selling in JKH will be.

http://www.lankabusinessonline.com/jkh-shares-trade-rs400mn-worth-at-126-in-early-morning-trades/
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serene
Top contributor
Top contributor
Posts : 4849
Join date : 2014-02-26

JKH shares trade Rs1.1bn worth at 126-127/share in today’s trades Empty Re: JKH shares trade Rs1.1bn worth at 126-127/share in today’s trades

on Tue Oct 16, 2018 7:26 pm
Who is the buyer then.
PANTOMATH
PANTOMATH
Posts : 231
Join date : 2018-10-15

JKH shares trade Rs1.1bn worth at 126-127/share in today’s trades Empty Re: JKH shares trade Rs1.1bn worth at 126-127/share in today’s trades

on Tue Oct 16, 2018 8:45 pm
It should be a local party buying JKH.
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