NSE Closing Bell: I And M Bank Among Top Gainers, Announces 1% Profit Increase
I&M Holdings Limited (I&M) was among the top gainers at the Nairobi Securities Exchange (NSE). It ended the day at KES 130.00, up 5.69% from Monday's close of KES 123.00. The group which has banking operations in Kenya and Rwanda announced today that its pre-tax profit for the nine months to September rose by 1% to KES 5.46 billion. Its revenue in the same period declined from KES 9.18 billion last year to KES 8.85 billion, however lower staff costs enabled the company register a profit.
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I&M's share price performance for the past one month[/caption]
The winners:
The other top gainers were: Kapchorua Tea Company Limited (KAPC), Mumias Sugar Company Limited (MSC), Carbacid Investments Limited (CARB), and Eveready East Africa Limited (EVRD). Each closed at KES 146.00, 1.85, 21.50 and 3.90 respectively.
The losers:
The counters that shed the most value were: Diamond Trust Bank Kenya Limited (DTB), Olympia Capital Holdings Limited (OCH), Eaagads Limited (EGAD), TPS Eastern Africa Limited -Serena Hotels- (TPSE), and East African Cables Limited (CABL). They ended the day at KES 241.00, 6.00, 41.00, 37.25 and 15.40 respectively.
Market snapshot
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As at 3.10 pm today. (Market close)[/caption]
Most shares traded:
Safaricom Limited (SCOM), Kenya Electricity Generating Company -Kengen- (KEGN), KenolKobil Limited (KENO), British-American Investments Company Limited -Britam- (BRIT), and Mumias Sugar. Over 4.2 million Safaricom shares changed hands today representing 23.9% of all shares traded.
