The counters of interest in today’s trading are:
- KenGen Limited: As at the close of business on Monday the power generating company was the highest gainer having closed 5% higher than it had opened. It will be worthwhile to see whether this will continue in today’s trading or whether it was a one-time occurrence.
- EABL: The company announced the appointment of a new CEO to replace Mr Adetu who was promoted to head elsewhere in the Daegu Group. It will be worthwhile to see the effect if any that this will have on the performance of the share.
- Kenya Airways: The Kenya Airways rights issue closed on Friday last week and it would be worthwhile to observe how the share performs in the aftermath of the issue.
- Standard Chartered Bank: The bank announced that it is planning to have a rights issue to increase its authorised share capital (read more on that story here). Such an announcement will have a bearing on the share, with an increase in the share price.
- KCB: The bank announced its results for the first quarter of 2012 and it reported a net profit of KES 3.4 billion. This is 37% higher than the profit the bank reported for a similar period last year. Such news should have an effect on the performance of the share.
- Equity Bank: The bank also announced its financial results for the first quarter of 2012 where it reported a net profit of KES 2.3 billion. This was marginally lower than the profit they reported for a similar period last year and it should have an effect on the performance of the share.
Today the Central Bank of Kenya will auction Treasury bills worth KES 3 billion.