Stocks Watch – 22 May 2012 At the close of trading yesterday, the NSE 20-share index stood 9.79 points up (0.25%) at 3,708.88 points to continue its upward trend. Below are some of the counters we will be watching keenly in today’s trading: KCB: The share of East Africa’s number…
On Friday the Uchumi Supermarkets share closed at KES 18 per share. This is the highest level the share has reached in six years. During the six hour trading period, 708,800 shares worth KES 12.78 million were traded as the share increased by 4.1% and recorded the sixth highest increase…
Safaricom was the day's biggest mover with 6.432 million shares of Eastern Africa's biggest telco traded. Scangroup was the day's biggest gainer, up 3.88% to close at KES 53.50 while Transcentury Limited lost 7.41% of its value to close at KES 25.
Limuru Tea Company gained the maximum 10% in Fridays trading. That translates to an increase of KES 41 on the share price. The share closed at KES 451.
That share, as well as Mumias, Eveready, KCB and others, will be on our watch list in today's trading.
KCB's share register closes today at 3pm to facilitate the dividend payout.
Only shareholders in the register by 3pm today will receive KCB's goodies.
The dividend has increased 48% from last year's KES 1.25 per share to KES 1.85 per share following the firm's 53% increase in pre-tax profit in 2011.
There is no way to predict share movements. All we can do is hypothesize and hope. Anyone making guarantees to you that XYZ is going to rise tomorrow so you should buy is a cheat.
NSE Performance Over the course of trading last week, Kenyan shares blasted to a nine-month high on Thursday and Friday as they rose for the sixth straight session to 3,677.81 on Thursday. This could be attributed to investors pouring their funds back into equities largely due to falling inflation and…
Kenya Commercial Bank Group has announced a 48% increase in dividends to its share holders for 2012/2013. At the Bank Group’s Annual General Meeting group at the KICC Chairman Peter Muthoka announced that shareholders will now get a dividend of Shs. 1.85 per ordinary share as compared to last years…
In yesterday’s trading the Barclays Bank of Kenya (BBK) share gained 3.1% to close at KES 13.45 per share. Over the course of the day the share hit KES 13.50, the highest value the share has attained since February 16th this year. This increase comes a day after the bank…