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Massive Foreign buying; foreigners buying more John Keells Holdings

+4
fireshelter
kash1989
Senior Citizen
Business Basil
8 posters

Go down  Message [Page 1 of 1]

Business Basil


Manager - Equity Analytics
Manager - Equity Analytics

There has been lots of foreign buying in John Keells Holdings (JKH) last few days and even today there were few blocks that were bought by foreigners.

On Friday the February 6th the indices closed in green as a result of gains in counters such as John Keells Holdings, Commercial Bank and Carson Cumberbatch whilst the turnover crossed 2.0 Bn. Crossings in Textured Jersey Lanka and Nations Trust Bank reflected high net worth and institutional market participation. Mixed interest was observed in Dialog Axiata, People's Leasing & Finance and Piramal Glass whilst retail interest was noted in Sierra Cables, John Keells Holdings Warrant 23 and Lanka IOC.

Foreigners remained active closing as net sellers mainly due to foreign selling in Commercial Bank. During the week, both ASPI and S&P SL20 lost 0.24% and 0.08% respectively.

Diversified sector was the top contributor to the market turnover (due to John Keells Holdings) whilst the sector index gained 2.90%. The share price of John Keells Holdings increased by Rs 7.20 (3.57%) to close at Rs 208.80.

Top Turnover Contributor on Friday the 6th February

John Keells Holdings (JKH) 3,085,076 shares Rs. 642,423,851 and almost 31.10% of Day's Turnover

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

BB did not say anything when the discussions were around the subject of JKH and the steep drop. It's only now that he speaks of the reasons why the prices went up. Good. keep it up and the JKH prices will go up further.

Anyway, the impact on the 25 shares of blue chip companies are as follows:
Average tax % on profit per share is 2%
About five companies had an impact of over 3 %.

kash1989


Manager - Equity Analytics
Manager - Equity Analytics

Today EPF & ETF buy jkh @ 213

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

really good sign

Teller

Teller
Moderator
Moderator

Why they didnt buy at 200. these are another gilmarts to show market is gaining.

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Teller wrote:Why they didnt buy at 200. these are another gilmarts to show market is gaining.

Teller not Gilmarts just go and have a check on foreign buying.Peope started buying at 200 and and it still continues.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Teller wrote:Why they didnt buy at 200. these are another gilmarts to show market is gaining.
Member of 6500 gang

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I think they are I mean foreigners are buying

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

nimantha80 wrote:
Teller wrote:Why they didnt buy at 200. these are another gilmarts to show market is gaining.
Member of 6500 gang
Hoo hooo

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