As the dust settles on the Eveready IPO, anticipation for the forthcoming Mumias Sugar shares public offer has gripped the market. The government is releasing a further 18% to the public, translating to 91.8 mn. Shares. With the opening of the offer only a week away, and the price set at slightly below Kshs. S0 Investors are now going back to the drawing board to establish strategies to finance the acquisition of the shares, and preparing themselves to brace the long queues.
The market is on equally high gear as prices continue to soar evidenced by a larger number of and stronger gains as compared to the losing side. Jubilee holdings realized the highest gain, up Kshs. 32 to close at Kshs. 360. Nation Media broke the Kshs. 400 barrier to hit a high of Kshs 430, buoyed by a possible split romour while ICDC Investments Chalked up Kshs 10 to close at Kshs. 392. CMC, Standard Chartered and Kenya Oil all closed Kshs. 4 higher at Kshs 164, 214v and 110 respectively.
Barclays Bank, currently trading cum split and bonus, traded at between Kshs 630 and 580 and averaged Kshs. 591, 8 shillings below Friday’s closing price. Books on both the bonus and split close on Wednesday, 27th November 2006. Sasini Tea shed Kshs 4.00 to close at Kshs. 125 while Kakuzi edged down Kshs. 2.00 to close at Kshs. 40.
The market is on equally high gear as prices continue to soar evidenced by a larger number of and stronger gains as compared to the losing side. Jubilee holdings realized the highest gain, up Kshs. 32 to close at Kshs. 360. Nation Media broke the Kshs. 400 barrier to hit a high of Kshs 430, buoyed by a possible split romour while ICDC Investments Chalked up Kshs 10 to close at Kshs. 392. CMC, Standard Chartered and Kenya Oil all closed Kshs. 4 higher at Kshs 164, 214v and 110 respectively.
Barclays Bank, currently trading cum split and bonus, traded at between Kshs 630 and 580 and averaged Kshs. 591, 8 shillings below Friday’s closing price. Books on both the bonus and split close on Wednesday, 27th November 2006. Sasini Tea shed Kshs 4.00 to close at Kshs. 125 while Kakuzi edged down Kshs. 2.00 to close at Kshs. 40.
