FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» A Strong bounce back of ASI is on the cards
by samaritan Today at 4:46 pm

» GLAS will be winner with Super Gain.
by Promoney Today at 3:41 pm

» Many positives for Next week
by Vishwanarth Today at 12:29 pm

» Norway -> biggest shareholder of NDB
by Vishwanarth Today at 12:28 pm

» Maldives records over 100,000 tourist arrivals in first 35 days of the year
by samaritan Today at 9:59 am

» Kind of behavior traders engage in when they are frustrated and want their money back from the market. Stock market for beginners
by lal62 Today at 7:40 am

» EXPO EXPO EXPO
by Gowri123 Today at 12:35 am

» still I believe this
by 100Bill Yesterday at 9:21 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Yesterday at 8:19 pm

» Investor sentiment - will there ever be a recovery?
by xhunter Yesterday at 7:49 pm

» Let's have a stop-loss strategy to maximize investment returns in stock market
by EquityChamp Yesterday at 7:19 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 6:56 pm

» DIPD/HAYC/HAYL
by samaritan Yesterday at 5:41 pm

» කොටස් මිල දී ගන්න මෙය හොඳම කාලයයි – රාජ්‍ය අමාත්‍ය කබ්රාල්
by samaritan Yesterday at 5:07 pm

» IS it right time to stick to warren buffett's most famous saying ???
by Mr. X Yesterday at 4:02 pm

» CSE - The World's best performer!
by Vishwanarth Yesterday at 2:42 pm

» Best Broker
by Wickyz Yesterday at 2:32 pm

» Game Changed! SUPER GREEN
by Karthick Yesterday at 12:24 pm

» Blue Diamond
by thavam_Eu Yesterday at 12:07 pm

» GALORE OF GOOD NEWS TO THE CSE
by Bakkabwoi Yesterday at 11:58 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Bourse shrugs off 3-day losing streak, JKH rights hit Rs. 72

Bourse shrugs off 3-day losing streak, JKH rights hit Rs. 72

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
COLOMBO, Oct 24 (Reuters) - Sri Lankan stocks recovered slightly from a two-week low on Thursday to end a three-day losing streak, led by buying in conglomerate John Keells Holdings Plc, dealers said.

The main share index rose 0.6 percent, or 35.50 points, to 5,936.40, from its lowest since Oct. 8 hit in the previous session.

Keells' ordinary shares jumped 3.29 percent to 220.00 rupees, while the conglomerate's rights rose 31.31 percent to 67.10 rupees.

Shares in leading fixed line telephone operator Sri Lanka Telecom Plc rose 2.06 percent to 39.70 rupees.

The day's turnover was 516.8 million rupees ($3.95 million), well below this year's daily average of 872.7 million rupees.

Foreign investors were net buyers of 21.9 million rupees worth of shares on Thursday, extending the year-to-date foreign inflows to 22.81 billion rupees.

($1 = 130.7500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Anand Basu)

Keywords: MARKETS SRILANKA/INDEX

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)(twitter.com/rangab a)
http://www.xe.com/news/2013/10/24/3620589.htm

http://sharemarket-srilanka.blogspot.co.uk/

2Bourse shrugs off 3-day losing streak, JKH rights hit Rs. 72 Empty Sri Lanka stocks up 0.6-pct, rupee gains Thu Oct 24, 2013 6:29 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Oct 24, 2013 (LBO) - Sri Lanka stocks ended a three day losing streak to close 0.60 percent higher and the rupee continued to strengthen against the US dollar amid inflows, dealers said.

The benchmark Colombo All Share Price Index closed 35.50 points higher at 5,936.40, up 0.60 percent, after reaching an intraday high of 5,952.26.

The S&P SL20 closed 4.58 points higher at 3,263.76, up 0.14 percent.

Turnover amounted to 516.81 million rupees, up from 481.31 million rupees the previous day, with shares of 129 firms gaining against 53 losers.

Foreigners bought shares worth 110.25 million rupees, down from 147.08 million rupees a day ago, and sold shares worth 88.34 million rupees, down from 114.5 million rupees a day ago.

JKH closed 7.00 rupees higher at 219.50 rupees and JKH Rights closed 16.00 rupees higher at 72.00 rupees.

Finlays Colombo closed 46.80 rupees higher at 297.00 rupees and Sri Lanka Telecom closed 80 cents higher at 39.70 rupees.

Ceylinco Insurance closed 50.00 rupees higher at 1,325.00 rupees and Asian Hotels and Properties closed 2.10 rupees higher at 72.90 rupees.

Bukit Darah closed 30.30 rupees lower at 660.30 rupees and Ceylon Tobacco closed 4.90 rupees lower at 1,120.20 rupees.

Aitken Spence closed 1.90 rupees lower at 112.10 rupees and Ceylon Cold Stores closed 5.90 rupees lower at 141.10 rupees.

Colombo Dockyard closed 6.90 rupees lower at 190.20 rupees.

Speculative trading continued in Touchwood, closing 20 cents lower at 4.20 rupees, with more than 1.9 million shares traded.

Union Bank closed 2.40 rupees higher at 19.00 rupees with more than 7.2 million shares changing hands, inclusive of a single crossing of two million shares.

Dialog closed 10 cents higher at 9.00 rupees with more than 5.82 million shares traded, with two crossings.

SMB Leasing closed flat at 80 cents after more than 6.9 million shares changed hands.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-up-0.6-pct,-rupee-gains/2143230316

3Bourse shrugs off 3-day losing streak, JKH rights hit Rs. 72 Empty JKH’s Warrants attached Rights shine Fri Oct 25, 2013 3:55 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
* Ends trading period with a gain of Rs. 16 or 31% to Rs. 67.10; hits a peak of Rs. 72

* Nearly 20% of the Rights change hands


Warrants attached Rights of John Keells Holdings (JKH) have managed to perform well before the last day of their trading, which was yesterday.

Between the trading period from 15 and 24 October, slightly over 26 million Rights or 20% of the total changed hands. Of this quantity was a transfer of 7.9 million Rights from Paints and General Industries and its owner Sohli Captain last week. Excluding that deal only around 14% of the Rights traded.

Price of the Rights however did experience volatility. From a pure price of Rs. 40, it hit a high of Rs. 72 yesterday. On Monday the Rights price dipped by Rs. 16.30 to Rs. 45 level from Friday’s closing of Rs. 62 which some linked to excessive foreign selling overall on JKH. However the Rights ended yesterday up by Rs. 16 to close at Rs. 67.10.

A few foreign funds had sold their Rights, judging by the fact that total non-national holding amounted to 62.3 million yesterday as opposed to 66 million on 15 October.

JKH recently announced a Rs. 40 billion staggered fund raising exercise via shareholders issuing a Rights-Cum-Warrants issue.

Analysts said attaching warrants added value to Rights as investors speculated on the former. This was the reason why Rights commenced trading above its pure price last week as well as managing to close higher.

Independent analysts had valued the Warrants to be worth around Rs. 60 to Rs. 70 each.

JKH proposed a Rights Issue of two new ordinary shares for every 13 held at Rs. 175. Two warrants are attached to the subscription of Rights on the basis of one warrant for every three Rights subscribed at Rs. 185 per warrant in two years and on similar basis at Rs. 195 per warrant in the third year.

This is to part finance the country’s biggest private sector project by JKH – The Waterfront, an integrated resort inclusive of gaming with an investment $ 650 million.
http://www.ft.lk/2013/10/25/jkhs-warrants-attached-rights-shine/

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
* Global institution looking at UBC stake

The Colombo bourse yesterday shrugged off a three-day losing streak with both indices closing up – the All Share by 35.50 points (0.60%) and S&P by 4.58 points (0.14%) on a relatively modest turnover of Rs. 516.8 million, up from Rs. 481.2 million the previous day with 141 gainers comfortably outpacing 53 losers while 115 counters closed flat.

``The market looked up with trading in JKH and its rights continuing and Union Bank making an announcement that a global institution was interested in making an investment in the bank,’’ a broker said. ``The announcement stressed that it was not an offer of any kind.’’

There had been speculative trading in Union Bank of Colombo (UBC) for the past few days in expectation of such a development and the counter was the most traded yesterday with over 5.2 million shares done on the floor between Rs. 16.40 and Rs. 19 closing Rs. 2.80 up at Rs. 19 and contributing Rs. 92.2 million to turnover.

The crossing of a single parcel of two million UBC at Rs. 17 contributed a further Rs. 34 million to turnover.

``Most of the floor transactions on UBC towards the close of trading was around Rs. 18.80 – 18.90 levels,’’ a broker said. ``There was considerable retail play on the counter in expectation of the deal. The announcement didn’t identify the interested party and made clear that any investment will be preceded by a due diligence on UBC and its subsidiaries and will be subject to an agreement between the investor and the bank and the necessary approvals.’’

In its stock exchange filing, UBC said that the market will be kept informed of any further developments.

JKH rights hit a top price of Rs. 72 yesterday with 1.5 million traded between Rs. 51.50 and Rs. 72 contributing Rs. 91.1 million to turnover. Trading of these rights has now ended with today being the last day for payment for rights allotted.

``The warrants attached to the rights is the attraction now,’’ a broker explained. ``The betting is on what price they will trade at. There is time to subscribe to the share entitlements on these warrants and given that the issuer is a solid blue chip, they are likely to command a price,’’ a broker said.

JKH closed Rs. 6.50 up at Rs. 219.50 on over 0.1 million shares done between Rs. 213 and Rs. 223 contributing Rs. 30.3 million to turnover.

Among other most traded stock was Dialog with 4.7 million shares crossed at Rs. 8.90 and nearly 1.2 million done on the floor closing 20 cents up at Rs. 9. Royal Ceramics closed three rupees up at Rs. 93 on nearly 0.2 mn. shares, Central Finance closed 40 cents down at 190.10 on 82,465 shares, and NDB closed 10 cents down at Rs. 153 on 68,500 shares.

Office Equipment announced a final dividend of Rs. 30 per share for 2012/13 following shareholder approval at an AGM on Nov. 27 with the share trading XD from Nov. 28 and payment on Dec. 6.

The Bank of Ceylon announced the basis of allotment on its debenture issue with applications up to 100,000 getting full allotment on the various categories.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=90768

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum