John Keells Holdings this week continued to lead the pack in market capitalisation at the Colombo bourse but the surprise entry on Friday was Bukit Darah Plc in third place while Dialog retained its second place position, according to Colombo Stock Exchange statistics.
Carsons, which controls Bukit Darah, came in 4th while SLT, earlier in 3rd place, moved down to 6th position with Aitken Spence moving up to 5th position.
Hayleys, one of the three biggest groups in the market, was nowhere in the top 10.
Brokers said if the market cap of all the four GREG warrants are combined with that of the normal share, GREG's market cap would be approximately Rs130 billion, giving the company a higher market cap than Dialog and second place in the CSE. Both Dialog and SLT were number 1 and 2 in the CSE some years back until the telecommunication sector fell following huge price cutting and resultant losses.
Market capitalization is an indication of the value of a company based on current share prices but some analysts argue that it may not reflect the true value of the company (its profits, product positioning, balance sheet, etc).