At today’s NSE trading, we will be closely observing the following share counters:
- Diamond Trust Bank – The bank commenced its rights issue yesterday targeted to raise Ksh 1.8 billion shillings through the offer of 24,455,566 new shares according an official disclosure by the bank. The new shares are priced at Ksh 74.00 per share which represents 22 percent discount from the share price on Monday; a day before the rights issue commenced.. Analysts contacted by Pesatalk have expresses that the share could temporarily come down amidst the rights issue. At yesterday’s close of trading, the share was down 6.32 percent at Ksh 89.00 down from Ksh 95.00 on Monday.
- Rea Vipingo Plantations – Shares in Africa’s largest sisal producer yesterday reached their highest price since December last year gaining 3.03 percent to close at Ksh 17.00 up from Ksh 16.50 on Monday. Rea Vipingo shares have shown improved performance this month, trading above Ksh 16.00 compared to as low as Ksh 14.35 in the six months to June (Bloomberg).
- Kakuzi – The horticultural grower had one if its biggest one-day climbs of the year rising 7.38 percent to Ksh 80 becoming yesterday’s top gaining share at the NSE. The share closed just 26 cents short of its highest price of this year reached in February. We will observe the counter today to see whether the share will rally above this previous high.