The securities exchange performed better yesterday having closed at an all year high of 4119.50 on the 20-share index and 90.62 on the All-share index. Today we maintain our focus on Standard Chartered Bank, Kenya Commercial Bank and Carbacid Investments Ltd.

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

COUNTERS

• Standard Chartered Bank – The share maintained a closing price of KES 221 and had a total of 86,400 shares changing ownership. Today is the last day for partaking in the rights issue for the shareholders who were registered by the end of September. Its current price will see share price reduced to KES 215, up from KES 206 when the rights issue commenced. The stock was valued at KES 213 then and shareholders are currently looking at an increased share price to KES 215. We shall keep an eye on the stock’s price and check whether it will change on this last day.
• KCB – The share maintained a price of KES 29.50 yesterday, with 904,000 shares traded. The counter is still trading within its highest price range for the year and may increase by end of month. They also announced financial results that saw their cash flows from net operating activities increase to KES 17.9 Billion form a loss of KES 2.2 Billion. We shall look to see if any speculation pertaining to the dividends will cause movement of stock price.
• Athi River Mining – The Company released its unaudited financial results earlier on this week where noticeable jumps were made in turnover and profit after tax. Turnover increased to KES 7.7 Billion, up 29% and profit after tax to KES 826 Million, up 328% from last year. We shall be monitoring the stocks movements in the securities exchange and whether it will cause speculation amongst the shareholders.