INDICES

For a fifth day today  the NSE 20 Share Index declined to lose 0.01 percent and close at 3,825.08 points from 3,825.65 points yesterday while the All Share Index also fell to close 0.04 percent lower at 82.98 points from 83.01 points yesterday.

HIGHEST VOLUMES

Safaricom was the most traded share today with 5.91 million shares traded from 1.50 million shares yesterday. Second was Equity Bank which had 2.86 million shares traded from 3.68 million shares yesterday while the third most traded share was Co-operative Bank of Kenya with 1.26 million shares. Fourth was Barclays Bank with 1.20 million shares traded and the fifth most actively traded share was KCB with 935,600 shares moving across the counter.

COUNTER WATCHLIST

• British-American Investments – On the day that saw the holding company announce a 15-fold rise in pre-tax profit for the six months to June this year compared to a similar period last year and investment income rise more than 8,000 percent in the same period, the share gained 0.88 percent today to close at KES 5.75 from KES 5.70 yesterday. Since the shares were listed at the NSE through an IPO in September last year, they have traded below their initial price of KES 9.00 per share, reaching a high of KES 6.00 per share in May this year.
• NIC Bank – The share declined 4.26 percent in yesterday’s trading to close at KES 33.75 from KES 35.25 yesterday. Over the past week and into Tuesday this week, the shares gained a total of 3.59 percent to peak at KES 36.75; their highest price in one year. On the 27^th of this month, NIC will carry out Kenya’s second largest rights issue. Read more about the rights issue here. Also, find a detailed breakdown of the rights issue here.
• Scangroup – After closing at their highest of this year on Monday at KES 55.50, shares in the advertising conglomerate lost 1 shilling in today’s trading to close at KES 53.50 from KES 54.50 yesterday.