Will CTC pip JKH to No 1?

Tuesday, 13 August 2013 01:12 -     - {{hitsCtrl.values.hits}}

Premier blue chip JKH’s status as most valuable corporate is under threat if Ceylon Tobacco Company (CTC) gains in its share price today. As per yesterday’s closing JKH’s market capitalisation was at Rs. 224.994 billion or 9.44% of total whereas CTC was a fraction lower (about Rs. 206 million) at Rs. 224.788 billion or 9.43%. Both shares closed lower yesterday from Friday’s closing but JKH’s dip has been bit steeper. Analysts said a 50 cent rise in CTC price today could topple JKH from top post provided the latter dips or closes unchanged. Irrespective of their stakes, the two stocks have provided the biggest returns to investors in an otherwise depressed market. JKH was trading at Rs. 264.30, up from Rs. 219.90 end 2012 and CTC at Rs. 1,201, up from Rs. 830 in end 2012.