Abacus Wealth Management

BAT Loses 12 Shillings in Trading

The BAT share yesterday lost 3.36% in trading. While the percentage figure may be small, for a share that was priced at KES 357, the 3.36% drop when translated to shillings and cents is KES 12.

The British American Tobacco Kenya Limited share lost KES 12 with 51,700 shares with a turnover of KES 17.84 million being traded to close the day at KES 345. The company has a market capitalization of KES 34.5 billion.

Interesting fact: You will require at least KES 34,500 to buy the minimum allowable number of shares of BAT. For the same amount of money, you can buy over 10,000 Safaricom shares.

Below is a snapshot showing the share movement of the BAT share over the last 6 months:

Source: Bloomberg

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