MJF Exports invests Rs. 165 m in NDB shares

Friday, 26 August 2016 00:01 - - {{hitsCtrl.values.hits}}

MJF Exports Ltd. has acquired 1 million shares of NDB for Rs. 165 million last week.

The purchase was disclosed by NDB in view of MJF Exports being a company in which Malik Fernando, the spouse of NDB Director Kimarli Fernando, is a Director and shareholder.

Last week NDB was the most traded stock value-wise with Rs. 1.56 billion or 33% of the market’s total turnover. Around 9.4 million NDB shares changed hands. The biggest buyer was SBI of Japan, which picked up five million shares at Rs. 165 each. The stock closed at Rs. 167.90, up by Rs. 3.10. Foreign holding of NDB declined from 25.8% to 23.2% or by 4.3 million shares with a net outflow of Rs. 721.7 million last week.