MAR 25, 2020: KAPCHORUA TEA LONE RANGES AT NAIROBI SECURITIES EXCHANGE

It led 15 price gainers with Ksh 3 per share rise to Ksh 65 per share from Tuesday’s Ksh 62 but while only 200 of its shares were traded.

In contrast, there were 21 price drops and top 4 were all above Ksh 1 per share. Hence, despite Ksh 0.05 per share rise by Safaricom PLC, the All share index declined by 0.24 points to 124.30.

East African Breweries, ex-dividend, continued down with Ksh 7.25 per share bringing its drop since this week to Ksh 19.25 per share.

EAB hit day high of Ksh 150 per share and low of Ksh 137.75 before closing at Ksh 139.75 against Ksh 147 per share on Tuesday. This was while recording deals for 870,800 of its shares worth Ksh 121.6m.

Standard Chartered Bank also declined for the 3rd day this week. It shed Ksh 3.75 per share to bring it’s total drop in 3 days to Ksh 17.75 per share

In all 13,000 shares of SCB were traded as it closed at Ksh 175.50 per share after a low of Ksh 175 compared to Tuesday’s Ksh 179.25 per share which turned out to be the day’s high as well.

The 2 other major price losers were Williamson Tea and BOC Kenya as each closed Ksh 1 per share down. Williamson Tea ended at Ksh 92 per share from Ksh 93 as 100 units were traded and BOC closed at Ksh 62 per share compared to Ksh 63 previously.

Investors interest remained fairly high despite a marked drop in both traded volume and value after previous day’s relative offload in Equity Group Holdings and Cooperative Bank.

Since Friday number of struck at the market closed each day above 1000 and Wednesday was not exception. It recorded 1057 deals for 21.190m shares worth Ksh 616.201m compared to 1480 deals through which 39.775m shares were exchanged for Ksh 1.008bn on Tuesday.

Safaricom set the pace with 9.737m shares exchanged for Ksh 238.5m at between Ksh 24 and 24.80 per share.

It was trailed by KCB Group deals for 3.899m shares valued at Ksh 136m followed by Equity Group Holdings in which 2.343m shares were traded for 77m and Absa Bank with 2.033m shares exchanged for Ksh 19m. You can also respond to this post through email to info@henates.com

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