The NSE 20 Share Index yesterday gained 1.6% to close at its highest level this year, climbing 59.97 points to close at 3,763.91 points from last Friday’s 3,703.94 points. The All-Share Index gained 1.3% to closing at 81.80 points from 80.75 points at the close of trading last week.
Today we will be observing the following share counters at the NSE:
- Kenya Commercial Bank – KCB Group shareholders may have to raise more expansion capital through a cash call to finance the bank’s planned expansion into central and southern Africa in accordance with new CBK capital regulations, today’s Business Daily reports. Yesterday the share closed at the same price for a sixth consecutive day at KES 23.00.
- Kenya Airways – The share was the biggest gainer yesterday, climbing for a fifth day to close 9.54% higher at KES 14.35. Last week the airline announced it will borrow Sh159.6 billion ($1.9 billion) from African Import-Export Bank to finance the purchase of 20 new aircraft according to a Bloomberg news report.
- KenolKobil – The share gained for the first time in four days, gaining 8.04% to close at KES 15.45, Bloomberg data showed. The share’s price may be rising due to speculation on an acquisition of the petroleum marketer by Puma Energy BV, a Geneva based subsidiary of Trafighura Beheer BV according to a news report by Bloomberg.