Fintrade Capital: Good Company Results Stirs Up Market

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Wednesday, February 21, 2007

Good Company Results Stirs Up Market

Turnover, index up at bourse
By Washington Gikunju
http://www.eastandard.net/hm_news/news.php?articleid=1143965183

Barclays Bank shares dropped a shilling on the day it announced an improved pre-tax profit of Sh6.4 billion and a final dividend of Sh1.20, moving 678,000 shares at Sh77.
BAT Kenya also announced a final dividend of Sh7.50 per share, with its shares losing Sh8 to trade at an average price of Sh228.
Overall turnover at the bourse rose to Sh502.4 million with 6.5 million shares, up from Sh373.1 million on 4.9 million shares traded in Tuesday’s trading.
The NSE 20 share index rose by 45.38 points to close the day at 5,816.77 points.Jubilee Holdings gained Sh21 (6.8 per cent), to move 9,000 shares at between Sh339 and Sh295.
KenGen was the day’s biggest mover, having traded 987,000 shares at Sh23.25. Mumias Sugar and ICDCI moved 882,000 shares at Sh36.25 and 785,000 shares at Sh29 respectively.
Valuation of the listed companies stood at Sh793.4 billion as at close of trading.