Festive season now over and as we usher in the new year, prices on the market are stepping up their pace with strong gains as investors take up positions ahead of the end year result releases expected to start trickling into the bourse in February. ICDC Investments realized the highest climb, up Kshs. 28 to close the day at Kshs. 353 after having declined to a Kshs. 320 low at the close of last year. The shares are currently trading cum dividend and 10 to one share split, and the books will close on both on 5th January. I expect the share price to push further up as investors rush in to acquire shares ahead of the book closure. CMC Holdings aced Kshs. 10 to close at Kshs. 186 while Kenya Commercial was up Kshs. 9.00 to close at Kshs. 250.
Increased demand on Barclays, whose price had hit a Kshs. 65 low over the week to Christmas, pushed the price to a high of Kshs. 84.50, up Kshs. 7.50 from the end-year Kshs. 77 close. Jubilee Insurance, which had also suffered the festive season lull to trade at lows of Kshs 310, was up Kshs. 7 to close at Kshs. 330.
On the loosing end, Bamburi suffered the largest loss, down Kshs. 15 to close at Kshs. 200 while Pan Africa Insurance shed Kshs. 4.50 to close at Kshs. 87. Standard Group lost Kshs. 2.00 to close at Kshs. 64.50. The company which is currently listed under the Alternative Investment Segment, recentoly unveiled its plans to move its listing to the Main Investment Segment, having attained the necessary requirements for this segment. The shares are currently trading cum bonus at the rate of 1 shares for every 8 held.
Increased demand on Barclays, whose price had hit a Kshs. 65 low over the week to Christmas, pushed the price to a high of Kshs. 84.50, up Kshs. 7.50 from the end-year Kshs. 77 close. Jubilee Insurance, which had also suffered the festive season lull to trade at lows of Kshs 310, was up Kshs. 7 to close at Kshs. 330.
On the loosing end, Bamburi suffered the largest loss, down Kshs. 15 to close at Kshs. 200 while Pan Africa Insurance shed Kshs. 4.50 to close at Kshs. 87. Standard Group lost Kshs. 2.00 to close at Kshs. 64.50. The company which is currently listed under the Alternative Investment Segment, recentoly unveiled its plans to move its listing to the Main Investment Segment, having attained the necessary requirements for this segment. The shares are currently trading cum bonus at the rate of 1 shares for every 8 held.
3 comments:
Hey; I have been reading your blog for while now and appreciate the content.
I have put a link in my blog; would you kindly consider reciprocating the same.
Regards,
Ribacapital.blogspot.com
Hi Hisa gal n happy new year. I do stocks n I really like them. I kip reading ur blog though im far away in Hyderabad city, India, so kip us updated especially on the risky counters. Had one nagging question, are u really a GIRL? IF SO, im really inspired now that i MIGHT GET A WIFE OF MA DREAMS SOON-psyche. Thank u for the good job.
Thanks alot Kabogo.
Well girl is abit on the younger side, i am more of a woman than a girl, but "girl" rolls better on the tongue than "woman". so i chose to make it "Hisagal" as oposed to "Hisawoman. So, how is the market like in India?? am sure its much more vibrant than the one at home. Would really like to read more on the market and life generally on that side.
Thanks once again
Riba, thanks for the link, would be more than glad to have you on mine, have consulted my IT consultant who is working on the link. Asante sana
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