HIGHEST VOLUMES

Safaricom was the highest performer again with 33.65 million shares traded. In second place was Equity bank with 3.09 shares changing hands, roughly one-tenth that of Safaricom. Third spot went to Kenya Commercial Bank which closed at 3.03 million stocks traded, a small trail of 60,000 shares between it and the second spot. KenolKobil hovered not too far from it having seen 3 million shares changing ownership, a difference of only thirty thousand shares.

COUNTER WATCH

• Equity Bank – The counter featured as one of the top traders for the day with 3.09 million shares traded (as mentioned above). The share price remained the same, at KES 24.50. They have had an impressive run through the year with change of CFO to Mr. Kipng’etich Julius, promotion of Dr.Mwangi James to the Global Agenda Council on New Economic Thinking. In general, the share price has shot up to its today’s average price from a year low of KES 15.80. This will likely not be its highest point for the year.
• KCB – The bank also graced the top traders (as it occasionally does) to finish off having seen 3.03 million shares traded, right behind Equity bank. The counter, much like Equity, maintained yesterday’s close of KES 30.25, one of the highest prices of the year.

Investors can today afford to put a smile on their faces as both major indices performed significantly better. Foreign investors in particular will be pleased to know that the 20-share index improved to 4158.38 points, up 10.44 from yesterday’s close. Market capitalization increased to KES 1.234 Trillion from yesterday’s KES 1.229 Trillion. The All-share index improved to 92.59 points, up by 0.33 points.