The securities exchange performed better yesterday having closed at an all year high of 4095.26 on the 20-share index and 90.28 on the All-share index. Today we maintain our focus on Standard Chartered Bank and also keep an eye on BAT and Carbacid Investments Ltd.

A summary of yesterday’s trading activities can be found here.

COUNTERS

• Standard Chartered Bank – The counter showed signs of stability having closed at KES 221 and transacting a total of KES 1.28 Million. This could be a result of dimming demand for the rights that are scheduled to end tomorrow. The bank experienced fluctuating demand for the currently listed shares and the rights up for grabs. We shall keep an eye on volumes traded to gauge the demand prior to the rights issue close.
• British American Tobacco – The stock has constantly performed well over the past 5 years having landed at KES 459 this month, up from KES 88 almost 5 years ago. A steep advancement towards the KES 500 mark has occurred over the past 2 months and may hit this mark before the end of the year. We shall watch to see if the share will first cross the KES 460 mark today.
• Carbacid Investments Ltd – The counter closed yesterday at KES 120 with exactly 4000 shares changing ownership. The Company had earlier announced a final dividend of KES 3, making its total payable for the year KES 6. Payments will be made to the registered shareholders at the end of business on 22 November, 2012. We shall be watching to see if this corporate action will have an effect on shares demanded by the public between now and the close of the register.