25 January 2013

Kenya: City Trust Hits a New Time High At SH500 Over I&M Deal

The Nairobi Securities Exchange could not snap a six consecutive session losing streak.

  • The Nairobi All Share retreated 0.94 points to close at 102.45.
  • The Nairobi All Share is +8.001% in 2013.
  • The Nairobi All Share rallied 11.849% start of the year through January 16th.
  • January 16th through yesterday , It has corrected 3.4401%.
  • The NSE20 Index retreated 32.17 points to close at 4385.00.
  • The NSE20 Index is +6.097% in 2013.
  • The NSE20 Index has corrected 168 points lower and 3.68% since closing at a 24 month high on the 16th of January.
  • The Kenya Shilling was last trading at 87.361.
  • Sasini Tea rallied 2.4691% to close at 12.45 and traded 669,300 shares. Sasini Tea traded shares at a session high of 12.70 +4.53% into the close. This was a high volume session for Sasini Tea.
  • Safaricom was the most actively traded share at the exchange and closed unchanged at 5.60 and traded 10.709m shares worth 60.262m. Safaricom was trading at 5.65 +0.89% at the closing bell. Safaricom is +10.891% in 2013.
  • Nation Media was the 6th most active share and retreated 2.43475% to close at 250.00. Nation Media is +13.122% in 2013 but has corrected 5.303% off an all time closing high of 264.00 from 16th January this year.
  • City Trust bucked the market downdraft and rallied 11.0565% to close at a fresh all time high of 452.00 and traded 8,700 shares. City Trust issued a material announcement around the reverse takeover by I&M and hence there is no daily limit where there has been a material announcement. City Trust traded shares as high as 500.00 +22.85% during the session.
  • Kenya Commercial Bank traded 4th and eased 0.7575% to close at 32.75. The weighted average price was 32.99 and rounded down and KCB was bid at 33.00 at the finish line. KCB is +10.084% in 2013 and has corrected 5.072% off an all time closing high of 34.50 from the 16th of this month.
  • Diamond Trust Bank traded 2nd and closed 2.985% lower at 130.00. DTB is +13.043% in 2013 but has retreated 6.474% since closing at an all time high of 139.00 on the 18th of January this year.
  • KenGen retreated 5.785% to close at 11.40. There were sellers for 474% more shares than were traded during the session at the finish line. KenGen rallied 56.25% the start of the year through 18th January. KenGen has corrected 17.0909% since the18th of January.
  • EABL traded 3rd and eased 0.675% to close at 294.00. EABL is +10.9433% in 2013.
  • Athi River Mining eased 2.777% to close at 52.50. ARM has rallied 17.71% in 2013 but has corrected 11.764% since closing at an all time high of 59.50 on the 17th of this month. The 5 for 1 split was the catalyst for the rally which was +33.408% from the start of the year through January 17th before the profit takers set in.
  • Portland Cement was ticked 5.555% lower to close at 42.50 and BAT firmed 0.7766% to close at 519.00.

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