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Harry J collecting more JKH shares

Sep 13, 2011 3:43:44 PM - www.ft.lk

Business leader Harry Jayawardena continues to collect shares of leading blue chip John Keells Holdings (JKH).

On Monday Melstacorp Ltd., a newly formed entity of Harry J had bought 705,000 JKH shares at Rs. 215 each, the same price at which Distilleries last week bought 16 million JKH shares (2%)  from a foreign fund in a deal worth Rs. 3.4 billion. Melstacorp was on the buying side of JKH yesterday as well though smaller quantities at the same price.

Overall JKH yesterday saw 389,000 of its shares traded hitting a high of Rs. 219.10 before closing at Rs. 218.20, up by Rs. 3.60.  Appreciation in JKH price helped Milanka Index to close almost unchanged though ASI dipped by 0.5%.

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