JKH regains most valuable corporate status

Wednesday, 13 November 2013 00:53 - - {{hitsCtrl.values.hits}}

John Keells Holdings Plc re-emerged as the country’s most valuable listed corporate in terms of market capitalisation despite prices for its securities dipping. Thanks to listing of rights and warrants, JKH’s market capitalisation amounted to Rs. 207.69 billion or 9.11% overall of the CSE’s total figure. Ceylon Tobacco’s market capitalisation was Rs. 199.14 billion or 8.73%. CTC was on top until Monday. It displaced JKH from number one slot on August 14. CTC’s share price was also down Rs. 26.90 or 2.47% to Rs. 1,062.10. Yesterday JKH listed 131.9 million shares (which were issued through the rights issue). The counter lost 3.93% (Rs. 8.60) to end the day at Rs. 209.80. JKH saw a solitary off the floor trade of 112,000 shares done at Rs. 209 each. The counter generated a total turnover of Rs. 297.99 million with over 1.3 million shares changing hands during the day (including the crossing). The warrants of JKH traded heavily during the day. JKH.W22 (warrants expiring in 2015-24 months after the issue) dropped 14.80% (Rs. 11.31) over its reference price (an indicative price decided by the company) to end at Rs. 65.10. Close to one million JKH.W22 traded at a high of Rs. 82 and a low of 55.10 generating a turnover of Rs. 59.53 million. JKH.W23 (warrants expiring in 2016-36 months after the issue) too witnessed heavy trading with close to 780,000 warrants transacting between prices of Rs. 75 and Rs. 53. JKH.W23 generated a turnover of Rs. 48.97 million.

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