JKH remains on MSCI Frontier Index

Wednesday, 6 June 2018 00:00 - - {{hitsCtrl.values.hits}}

Sri Lanka’s premier blue chip JKH will continue to remain on the influential MSCI Frontier Index though it has dropped from a sub-index.

Sources said that due to the lower average of daily turnover volume as a percentage of its market capitalisation, JKH has been moved out of the MSCI Frontier 100 Index.

The low volume is in tandem with the Colombo stock market’s lacklustre trading conditions. The MSCI Frontier 100 Index captures large- and mid-cap representation across 29 frontier markets.

However, JKH remains the only listed Lankan stock on the broader MSCI Frontier Index.