Closing Bell: Britam Top Gainer While Flame Tree Group Top Loser

British-American Investments was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 4.55% to end the day at KES 23.00. This was a KES 1.00 gain in share price.

Diversified financial services firm Britam and Equity Group Holdings Ltd (EGHL) have ended their near-two decade relationship, just five months after Britam completed its buyout of Equity’s stake in mortgage lender, Housing Finance (HF). James Mwangi resigned from Britam’s board just two months after Benson Wairegi declined to offer himself for re-election to the Equity Group board.

There was no way from a point of governance that Mwangi would have continued to sit on Britam’s board. I retired from Equity’s board and Mwangi retired from our board,” said Wairegi.

Read full story at: https://abacus.co.ke/live/company/BRIT/news#

Flame Tree Group Holdings closed the day as the worst performing share registering a drop of 7.06%. The counter closed with a share price of KES 7.90 which was a KES 0.60 drop in share price.

Safaricom Limited was the most traded share in the exchange today. It traded 64,507,500 shares which was 84.9% of all trades in the market.

 

The winners:

The other top gainers were: Liberty Kenya Holdings Limited (CFCI), Sameer Africa Limited (FIRE), Total Kenya Ltd (TOTL) and Crown Paints Kenya Limited (BERG). Each closed at KES 25.00, 5.35, 22.50 and 160.00 respectively.

GAINERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
BRIT 23.00 +4.55 +1.00
CFCI 25.00 +4.17 +1.00
FIRE 5.35 +3.88 +0.20
TOTL 22.50 +3.45 +0.75
BERG 160.00 +2.56 +4.00

 

The losers:

The counters that shed the most value were: Flame Tree Group Holdings Limited (FTGH), Kenya Commercial Bank Ltd (KCB), Carbacid Investments Limited (CARB), National Bank Of Kenya Ltd (NBK) and East African Portland Cement Company (PORT). They ended the day at KES 7.90, 57.00, 18.25, 19.75 and 57.00 respectively.

LOSERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
FTGH 7.90 -7.06 -0.60
KCB 57.00 -5.00 -3.00
CARB 18.25 -5.00 -3.00
NBK 19.75 -3.66 -0.75
PORT 57.00 -3.39 -2.00

 

Most shares traded:

These were:  Safaricom Limited (SCOM), Equity Bank Limited (EQTY), The Co-operative Bank of Kenya Ltd (COOP), Kenya Commercial Bank Ltd (KCB) and Mumias Sugar Company Ltd (MSC).

MOVERS VOLUME % OF SHARES ALL TRADED
SCOM 64,507,500 84.9
EQTY 4,688,500 6.2
COOP 2,423,600 3.2
KCB 803,200 1.1
MSC 781,000 1.0

 

Indices

Both the NSE All-Share Index and the NSE 20 Share Index depreciated today. They dropped by  -1.34 (-0.82%) and -5.17 (-0.11%) respectively.

INDICES
NSE ALL SHARE INDEX 161.31
NSE 20 SHARE INDEX 4,835.75
FTSE NSE Kenya 15 Index 217.85
FTSE NSE Kenya 25 Index 217.43

 

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