The securities exchange finally crossed the 4000 mark yesterday marking the best performance the bourse has seen this year. Today we shall be keeping our eyes in City Trust, Uchumi Supermarket and
A summary of yesterday’s trading activities can be found here.
COUNTERS
- City Trust – The directors agreed to no dividend payout last week on Saturday, making the total paid this year KES 6 per share via the interim dividend. The shares closed yesterday at KES 345 and we shall be looking to see if the shares shall take to fluctuation in light of this announcement. They had rallied upwards last month as shareholders anticipated better yields, for which the interim announced then was the highest amount paid since 2009.
- Uchumi Supermarket – This counter saw over 140,000 shares changing hands yesterday and averaged KES 19.65 in share price. This price has been on a slow rise this year and is approaching the KES 20 mark (which was the highest price asked yesterday). We shall be monitoring the shares price today to see whether it shall maintain the trend.
- Standard Chartered (Rights) – The rights were trading at KES 64.50 yesterday up from Friday’s KES 58. The price ranged from KES 65 to KES 75, indicating high demand and need for profit making from the shareholders who are trading them. We shall be keeping an eye on the counter to see the profit margin the shareholders are seeking.