Morning Brief 26 June 2017
The Nairobi All Share Index punched through on Friday hitting a new 52 week high of 154.59 points. The main index has now returned 15.94% on a year-to-date basis. It seems we are heading back to the 2015 historic highs of 176 points but first the index needs to break the 160 level.
The NSE 20 Share Index closed at 6,623.83 points on Friday. The 52 week range on the index is 2,789.64 – 3,706.44 points. The index has returned 13.73% on a year-to-date basis.
Equity turnover on Friday’s session was up and came in at Ksh 1.1 billion with a total of 35.95 million shares traded. A total of 1,391 deals were executed.
Safaricom dominated the session wth 19.26 million shares traded. The counter touched a session high of Ksh 23.50. The Kenyan teleco has returned 22% since the year began.
Kenya Power & Lighting Company was up by 1.21% to close the session at Ksh 8.35 per share. The counter traded 6.05 million shares in the session. Kenya Power’s financial year end is 30 June. We expect their results to be released within the second half of the year.
In the banking sector National Bank of Kenya shed 7.87% in the session to close at Ksh 9.95 per share, however, the counter is still up by 46% on a year-to-date basis. The surge in its share price was catalyzed by unconfirmed reports of a takeover deal from KCB Group.
Flame Tree Group will close its books for a 1:10 bonus issue on 29 June 2017
Co-operative Bank of Kenya will close its books for a 1:5 bonus issue on 30 June 2017
TPS Eastern Africa will close its books for the consideration of a final dividend of Ksh 0.35 per share of which payment will be made on 30 July 2017.
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|Daily Volume||1.93 M|
|Daily Value||311.28 K|
|No. Of Shares||68|
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