JKH share price slides at Colombo stock market
2009-11-09 13:14:46
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John Keells Holdings (JKH) stocks fell in early trade at the Colombo bourse on Monday amidst more than four million shares being traded, a day after local newspapers said mega investor Raj Rajaratnam was planning to sell his entire Sri Lankan stakes in many companies, brokers said.
The JKH stock fell by Rs 2.75 per share to Rs 137.25 little past 1 pm. On Sunday, newspapers said Rajaratnam, charged with insider trading in the US, was reported as planning to exit from Sri Lanka companies where he has stakes. The US-based investor and founder of the crisis-hit Galleon Fund has an 8.6% stake in JKH.
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