There was a recorded increased performance from both the NSE 20-share index and the All-share index for the first time this week. Good news all round for investors whether they had a diversified portfolio or one focused on a few shares. The All-share index closed at 92.66 points, up 0.30 from yesterday’s points. The 20-share index followed suite to close at 4160.49, up 2.90 points from yesterday.
Safaricom was the highest performer for the third successive day with a total of 18.08 million shares changing hands, up 6 million from yesterday. Kenya Power took second place with 6.51 million shares trading over the counter. CIC insurance group beat other insurance companies to trade 1.72 million shares, giving it the third spot. Right behind them (at fourth place) was Co-operative Bank with 1.41 million shares changing ownership.
- Eaagads – The stock seems to have gained some stability today having traded at KES 24.50, the same price as yesterday. The volume changing hands halved to 1000 shares. Shareholders are setting themselves to receive dividends tomorrow as scheduled by the listed company. There will be a first and final dividend pay of KES 1.25 for every share provided the stockholder was registered at books closure on 24 July 2012.
- Standard Chartered – The stock closed at KES 234 today, an increase by KES 1 from yesterday’s close. Volumes traded sprung to 261,300, a whooping increase from 2,900 yesterday. The news on oversubscription seems to have increased demand of the stock as shareholders ignore the demand of over 58.4% for the rights issue.
On a side note, Kenya Airways shares have picked up quite fast from their performance right after the announcement of their half year results. The loss of KES 4.8 Billion seems not to deter their attitudes but instead has fuelled their faith. It closed at KES 12.25 and traded over 99,000 shares.