Janus exits JKH

SHARK aka TAH · 1 Janus exits JKH Wed Aug 20, 2014 9:04 pm

SHARK aka TAH

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Ceylon FT: Janus, a US based foreign fund's exit from JKH, the market's biggest capitalized stock, took turnover to the highest level thus far experienced in the year-to-date, with a figure of Rs 8.2 billion, whilst also taking net foreign outflows (NFOs) in the year-to-date on a single day to a record Rs 4.5 billion, market sources told Ceylon FT.
Previously, the highest turnover experienced by the market for the current calendar year was Rs 7.1 billion,
...which was on 9 May, helped that time by a net foreign inflow (NFI) of Rs 6.3 billion, also led by JKH.
Prior to yesterday, the largest NFO experienced by the bourse on a single day in the current year was on 4 April, that is, a figure of Rs 4.1 billion, also led by JKH.

As a result of yesterday's NFO, NFIs experienced by the market in the year-to-date declined by 36.8% to Rs 7.8 billion, over that of Monday's figure.
Losers outnumbered gainers by a ratio of 60.7:39.3, with the bourse experiencing 136 losers as opposed to 88 gainers at yesterday's trading.

Nevertheless, market indices gained, backed by a 1.83% increase in JKH's share value (SV) to Rs 244.40 a share at yesterday's trading. As a result, the benchmark ASPI marginally increased by 0.10% to 6,981.46 points and the S&P SL 20 Index went up by 0.47% to 3,848.50 points at the end of yesterday's trading.
The number of shares traded increased by 39.2% to 115,044,209 yesterday.

http://www.ceylontoday.lk/22-70824-news-detail-janus-exits-jkh.html

SHARK aka TAH · 2 Re: Janus exits JKH Wed Aug 20, 2014 9:30 pm

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Sri Lanka rupee falls on foreign fund outflow

Aug 20 (Reuters) - The Sri Lankan rupee fell on Wednesday due to heavy dollar demand from banks to facilitate foreign selling in shares by a U.S.-based fund, though moral suasion by the central bank capped the depreciation.

The rupee was at 130.18/22 per dollar at 0647 GMT after declining to 130.22 earlier in the day. It had closed at 130.13/14 on Tuesday.

U.S.-based fund Janus sold shares in conglomerate John Keells Holdings Plc, resulting in a net foreign outflow of 4.52 billion rupees ($34.73 million), the worst net foreign selling on the Colombo bourse since March 25, 2010.

"Rupee is weaker, but the central bank's moral suasion prevented heavy depreciation," said a currency dealer asking not to be named.

Three other dealers confirmed the central bank's move. Central bank officials were not immediately available for comments.

Sri Lanka's main stock index was up 0.41 percent, or 28.86 points, at 7,010.32 at 0650 GMT, hovering near its highest level since Sept. 12, 2011.

Turnover was 879 million rupees ($6.75 million) with 114.2 million shares changing hands. (1 US dollar = 130.1500 Sri Lankan rupee) (Reporting by Ranga Sirilal and Shihar Aneez)