Haycarb Plc in the third quarter had seen several new entrants to its Top 20 shareholders list as at 31 December 2020, although the latest rankings may have changed. 

Two foreign funds – HSBC Bank Plc Mckinley Capital Measa Fund Oeic Ltd. (0.36%) and Mellom Bank NA Acadian Frontier Markets Equity Fund (0.31%) are among the Top 20 ranking at 13 and 15 respectively. 

High net worth individual investor and Hayleys Director Nimal Perera too is in the list at No. 14 with 103,436 shares, bulk of which market speculated was sold this week at hefty profit. 

Largely on the share split announcement and partly on improved earnings expectations, Haycarb share has been on the rise though has lost steam in recent days. Whilst it ended 3Q at Rs. 568.60, the share price first peaked to a new high of Rs. 1,380 in January 2021 and on Monday this week it hit a new high of Rs. 1,590.25. Yesterday it closed lower at Rs. 1,109.25, down by Rs. 389.75 or 26%.

Haycarb more than doubles 9-month net profit to Rs. 2.8 b