Co-operative bank of Kenya saw an end of day share price appreciation of 6.40% closing the day at Ksh. 13.30. This comes a day after the lender announced final dividend for 2019 of KSh 1 per ordinary share held. The dividend will be paid on or about 23rd April 2020, a revision from the earlier date of on or about 5th June 2020. Co-operative bank opened the day at Ksh. 13.00 from Tuesday’s close of Ksh. 12.50
Other gainers of the day were: Eveready East Africa Plc(+8.5%), Standard Chartered Bank(+8.2%) and Diamond Trust bank with an end of day share price appreciation of 7.2%. Stocks whose price decreased were Flame Tree Group, Liberty holdings, Olympia capital holdings and Sanlam with share price depreciation of 9.6%, 9.5%, 8.0%, and 7.3% respectively.
The Wednesday trading saw over 21 Million shares traded with Safaricom recording the highest volume of trade at 9.8 million shares. The telecommunication giant opened the day at Ksh 28.00 shares closing the day at Ksh 27.45 from Tuesday’s close of Ksh 27.05, a 1.48% day to day price appreciation. Before the Easter break, Safaricom shares traded at an average of Ksh 26.20. Safaricom has recently been dubbed the safer bet in the ongoing market turmoil.
Foreign investor participation for the top market movers at the Nairobi Securities Exchange stood at 89.1% of Safaricom’s volume of the day and 95.4% of Equity Group’s volume. Absa Group and KCB Group saw foreign investor participation of 36.8% and 49.5% respectively. Centum Investments recorded the highest Net Foreign buying at a value of Ksh. 22.7 Million at a share price of Ksh. 23.00