JKH, Expolanka and Hemas Holdings’ shares appreciate

By Hiran H.Senewiratne 

CSE’s premier listed company JKH’s share price appreciated by Rs. 1.30 or 1 percent yesterday following information that the company is trying to obtain a casino licence for its flagship project, “Cinnamon Life” in Colombo, stock market analysts said. 

Being the highest retail contributor to the turnover, JKH shares started trading at Rs. 148.70 and moved to Rs. 150.

Further, the government is now hoping to import a new Covid 19 vaccine. It is said that shares of leading internationally approved logistics providers Expolanka and Hemas Holdings rose; the latter being a local agent for Covid 19 vaccine manufacturers Pfizer and AstraZeneca.

Expolanka shares moved up by Rs. 1.30 or by five percent. Its shares moved up from Rs. 27.30 to Rs. 28.50. Hemas’ shares moved up by Rs. 4.10 or four percent. Its shares moved up to Rs. 101 from Rs. 96.90. 

The All Share Price Index rose by 43.12 points and S and P SL20 went up by 20.86 points. The turnover stood at Rs. 3.75 billion with two crossings. Those crossings were reported in Dipped Products, which crossed one million shares to the tune of Rs. 340 million, its shares traded at Rs. 340 and Hemas Holdings 250,000 shares crossed for Rs. 24.9 million; its shares traded at Rs. 99.50.

In the retail market, top five companies that contributed to the turnover were; JKH Rs. 759 million (5.1 million shares traded), Expolanka Rs. 351 million (12.5 million shares traded), Browns Investments Rs. 304 million (75.3 million shares traded), Hemas Holdings Rs. 244.4 million (2.4 million shares traded) and ACL Cables  Rs. 195 million (2.6 million shares traded). During the day 146.3 million share volumes changed hands in 22314 transactions.