15/Nov - Foreign holding-321,850,683 price - 182
17/Nov - Foreign holding-321,098,940 price - 175
18/Nov - Foreign holding-320,393,447 price - 174
It is clear that during last few days foreign funds have been selling JKH. Probably they are selling at a loss because those days JKH is at 52 week low.
This is probably due to the new act. But the government and CB are telling that there won't be any other acquisitions.
Seems like these fund have lost the trust with govt.
JKH have been the one of the best blue companies in Sri Lanka. Heavy selling at 52week low is can be seen as investors loosing the confidence.