12 February 2013

Kenya: EABLl, NIC, KCB Hit New Fresh Closing Highs

The Nairobi All Share rallied 0.94 points to close at 108.36.

The Nairobi All Share is +14.231% in 2013 and has is at 60+ month highs.

The Nairobi NSE20 rallied 22.61 points to close at 4611.03.

The Nairobi NSE20 is +11.565% in 2013 and this is a 25 month high.

EABL +17.358% in 2013, KCB +23.529% in 2013, Diamond Trust Bank +21.739% in 2013, NIC Bank +18.954% and ScanGroup +9.489% set fresh all time highs. We remain in a bull market and we entered the bull market in May 2012.

Sasini Tea and Coffee improved 2.155% to close at 11.85 and traded 28,700 shares.

Safaricom rallied 1.8% to close at 5.65 and was trading at session highs of 5.70 +2.7% into the finish line. Safaricom traded 9.357m shares worth 53.108m. Safaricom had buy side demand for 259% more shares than were traded at the finish line. Safaricom is +11.881% in 2013 and now targets its intra day and August 2010 high of 6.00 from the 9th of January. Safaricom trades on a trailing PE of 17.65625.

Scangroup firmed 0.6711% to set a fresh all time closing high of 75.00 and traded 20,100 shares. ScanGroup is +9.489% in 2013. ScanGroup trades on a Trailing PE of 29.412.

Access Kenya rallied 6.36% to close at 5.85 and is +32.954% in 2013.

Kenya Commercial Bank rallied 3.5211% to close at 36.75 and has rallied +23.529% in 2013 and has struck a sequence of all time closing highs. KCB traded 2.248m shares worth 83.173m but there was buy side demand at the finish line for 221% more shares than were traded during the session and the price points at 40.00. Kenya Commercial Bank trades on a Trailing PE of 9.879.

Diamond Trust firmed 0.7194% to close at 140.00 a fresh all time closing high.

Equity Bank firmed 0.91% to close at 27.75 and is +16.842% in 2013 and has closed at a 22 month high.

Barclays Bank firmed 0.303% to close at 16.50 while CfC Stanbic eased 1.104% to close at 44.75 and traded 245,800 shares.

NIC Bank firmed 1.11% to close at 45.50 which is a fresh all time closing high.

EABL rallied 1.304% to close at 311.00 which is a fresh all time closing high in what has been a sequence of them in 2013. EABL is

+17.358% in 2013. EABL will release H1 earnings this month and investors sighted these results via the Diageo earnings release and evidently and properly liked what they saw.

Athi River Mining eased 1.68% to close at 58.50 and is +31.165% in 2013 and has corrected 2.5% off an all time closing high of 60.00 reached on the 7th of February.

East African Portland closed unchanged at 44.00 on light trading of 400 shares.

KenGen closed unchanged at 12.50 and traded 1.093m shares. KenGen is +42.045% in 1013.

Kenya Power KPLC firmed 5 cents to close at 18.70 and traded 980,500 shares.

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