Market Report for Wednesday June 8 2016
SUMMARY
The NSE 20 Share Index was up 0.52 points to stand at 3798.26. All Share Index (NASI) ended 0.80 points higher to stand at 145.43. The NSE 25 Share Index was up 6.18 points to settle at 4120.23.
Some 29Million shares valued at Kes.765Million were traded in 1,353 deals, down from 29Million shares that were valued at Kes.934Million posted yesterday. This was driven by Safaricom, Equity Bank and EABL which controlled the day’s activity accounting for 78.54% of the total turnover.
Safaricom touched at ALL TIME HIGH of Ksh 18.05. The counter actively moved 17.6Million shares (59.74% of market volume) at between Kes.17.30 and Kes.18.05 and closed at Ksh 17.90 Per share.
On the Other hand, KCB counter was trading on a 3 year low of KES 36.50, brought down by increased foreign selling.
Foreign Activity accounted for 66.87% of the day’s trades with a net inflow. Market Capitalization stood at KES 2.06 Trillion up 0.56% from KES 2.04 Trillion yesterday.
Centum shares were up 8.54% to close at KES 44.50 per share. The surge was driven by today’s release of Full Year results. The company announced KES 9.95Billion after tax profit up 25.25% from the previous period’s profit of KES 7.94Billion. Income surged 104.34% to KES 24.17Billion from KES 11.83Billion posted previously. Directors proposed a dividend of KES 1 per share marking the first time the company is paying dividends since 2009.
Corporate Action
Britam Holdings will close their books tomorrow for a first and final dividend of KES 0.30 per share.
Source; Kenyan Wallstreet Market Intelligence Desk
