JKH regains most valuable corporate status

Redbulls · 1 Bourse further trended down Tue Nov 12, 2013 9:48 pm

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WRITTEN BY THARANGA SENARATNE

Nov 12, 2013 (LBT) - Significant dip in indices: The benchmark index journeyed on a down trend and ended with a significant drop of 50 points at 5812.84. Losses recorded in John Keells Holdings (-3.94%), Ceylon Tobacco Company (-2.47%) and Ceylinco Insurance (-9.99%) weighed negatively on the index. S&P SL20 followed a similar trend and ended at 3190.66 loosing 4o points.

Crossings in JKH: John keels Holdings recorded the sole crossing for the day with a single off board block of 112k shares which changed hands at a 52 week low price (off- board) of LKR209.0

On-board interest on JKH & JKH warrants: John Keells Holdings spearheaded the on board turnover supported by many traded and settled at LKR209.8 denoting selling pressure. John keels Holdings Warrants W0022 and W0023 both attracted notable on board interest and ended at LKR65.1 (-14.8%) and LKR69.8 (-18.9%) respectively. Ceylon Guardian Investment Trust too attracted on board interest backed by two on board blocks accumulating to 200k shares and closed at LKR194.9 with a marginal gain of 3 points. Moderate retail activity: Retail investor interest was moderate and concentrated on Tess Agro, Touchwood Investments and Central Investment & Finance.
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sriranga · 2 Dip at Colombo Bourse persists Tue Nov 12, 2013 9:52 pm

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The Colombo bourse’s main indices continued to head south as the benchmark, All Share Price Index (ASPI) dropped 0.85% (49.98 points) and the S&PSL20 index closed at 3,190.66 points losing 1.23% (39.70 points).

SC Securities said the market turnover improved almost three fold to Rs. 579.87Mn over Monday’s level but remained well short of the year to date average daily turnover.

Over half of the days’ turnover was contributed by market heavy weight John Keells Holdings (JKH) while the other major turnover generators were the two warrants of JKH (JKH.W22 & JKH.W23), Ceylon Guardian (GUAR) & Tokyo Cement Company (TKYO).

TKYO continued to attract investor interest. The counter generated a turnover of Rs. 16.26Mn over a volume of 625k shares, however TKYO closed flat at Rs. 26.00.

Foreigners ended the day as net sellers with foreign sales worth of Rs. 203.34Mn against foreign purchases worth of Rs. 109.52Mn resulting in a net foreign outflow of Rs. 93.83Mn.
http://www.ft.lk/2013/11/13/dip-at-colombo-bourse-persists/

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Warrants close way below reference prices

A steep drop in the prices of John Keells Holdings and the JKH warrants which began trading yesterday triggered a sharp decline in both indices on the Colombo Stock Exchange with the All Share Price Index down 49.98 points (0.85%) and S&P SL20 down 39.70 points (1.23%) on a turnover of Rs.579.9 million, up from the previous day’s Rs.197.4 million, with 95 losers outpacing 58 gainers while 76 counters closed flat.

JKH where there was a single crossing of slightly over 0.1 million shares at a price of Rs.209 contributing Rs.23.4 million to turnover closed Rs.9.10 down on the floor at Rs.209.30 on 1.3 million shares done between Rs.208 and Rs.217 contributing the day’s top turnover of Rs.274.6 million.

The JKH warrants (W0022) closed Rs.10.41 down from the reference price closing at Rs.66 on nearly a million traded between Rs.55.10 and Rs.82 contributing Rs.59.3 million to turnover. W0023, with nearly 0.8 million done closed Rs.14.87 down at Rs.71.20 trading between Rs.53 and Rs.75 contributing Rs.49 million to turnover.

"JKH, both ordinary shares and the warrants, as well as Ceylon Tobacco which lost Rs.30 to closed at Rs.1,065 brought down the indices," a broker said.

``The ASPI ended lower amid improved activity levels which were centered around trades on JKH and its associated warrants which commenced trading today," John Keells Stock Brokers said in a market report.

There was a foreign outflow of Rs. 93.82 million with sales of Rs. 203.4 million ahead of purchases of Rs. 109.52 million.

Ceylon Guardian Investment Trust saw 100,00 shares traded at Rs.190 on the floor with the counter closing Rs.3 up at Rs.194.90 on a few very small trades which took the price up.

Other most traded gainers included Tokyo (voting) up 50 cents to close at Rs.26.50 on over 0.6 million shares, Distilleries closing Rs.3.40 up at Rs.185 on 57,898 shares and Dialog closing 10 cents up at Rs.9.10 on over 0.6 million shares.

Aitken Spence closed flat at Rs.114 on slightly over 0.1 million shares, HNB closed flat at Rs. 145 on 50,028, Touchwood closed flat at Rs.3.60 on over 1.9 million shares while Expo closed 10 cents down at Rs.7.40 on over 0.8 million shares.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=91971

Redbulls · 4 JKH regains most valuable corporate status Wed Nov 13, 2013 1:54 am

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John Keells Holdings Plc re-emerged as the country’s most valuable listed corporate in terms of market capitalisation despite prices for its securities dipping.

Thanks to listing of rights and warrants, JKH’s market capitalisation amounted to Rs. 207.69 billion or 9.11% overall of the CSE’s total figure.

Ceylon Tobacco’s market capitalisation was Rs. 199.14 billion or 8.73%. CTC was on top until Monday. It displaced JKH from number one slot on August 14. CTC’s share price was also down Rs. 26.90 or 2.47% to Rs. 1,062.10. Yesterday JKH listed 131.9 million shares (which were issued through the rights issue). The counter lost 3.93% (Rs. 8.60) to end the day at Rs. 209.80. JKH saw a solitary off the floor trade of 112,000 shares done at Rs. 209 each.

The counter generated a total turnover of Rs. 297.99 million with over 1.3 million shares changing hands during the day (including the crossing).

The warrants of JKH traded heavily during the day. JKH.W22 (warrants expiring in 2015-24 months after the issue) dropped 14.80% (Rs. 11.31) over its reference price (an indicative price decided by the company) to end at Rs. 65.10. Close to one million JKH.W22 traded at a high of Rs. 82 and a low of 55.10 generating a turnover of Rs. 59.53 million.

JKH.W23 (warrants expiring in 2016-36 months after the issue) too witnessed heavy trading with close to 780,000 warrants transacting between prices of Rs. 75 and Rs. 53. JKH.W23 generated a turnover of Rs. 48.97 million.
http://www.ft.lk/2013/11/13/jkh-regains-most-valuable-corporate-status/