CFC Stanbic
Bank Harambee
Avenue branch
/FILE
Although the initiative by the banking regulator to slash lending rates is likely to negatively impact profits, stock market analysts say the majority of listed lenders will be among top gainers of the week.
On Friday, Stanbic Bank doubled its interim dividend to Sh3.80 per share for the half-year ended June 2025, a move the lender said is aimed at deploying idle capital and bolstering profitability, despite a 9.3 per cent dip in its net profit to Sh6.5 billion.
The bank’s total assets dropped five per cent to Sh464.81 billion, while customer deposits fell by 2.5 per cent to Sh346.85 billion. Profit before tax fell 14.2 per cent to Sh8.61 billion, and earnings per share declined 9.3 per cent to Sh16.6 billion.
Despite the weaker performance, the bank’s share price at the Nairobi Securities Exchange rose slightly by 0.45 per cent to Sh180.75.
Olympia Capital Holdings commanded the top five gainers at the Nairobi bourse, with its share price rising by close to nine per cent to end the week at Sh5.4.
Olympia began the year with a share price of Sh2.8 and has since gained 92.9 per cent on that price valuation, ranking fourth on the NSE in terms of year-to-date performance.
Shareholders can be optimistic about OCH, knowing the stock has accrued 27 per cent over the past four-week period alone—third best on NSE.
Other top gainers include Uchumi, Sameer and Longhorn Publishers.
Kakuzi, Liberty Kenya and TPS Serena were biggest losers even as the NASI and NSE 25 share price indices increased by 0.47 per cent and 0.57 per cent. NSE 20 by 0.37 per cent during the week ending August 7.
Market capitalisation increased by 0.48 per cent, while equity turnover and total shares traded, decreased by 10.62 per cent and 21.52 per cent, respectively.
Bond turnover in the domestic secondary market decreased by 35.8 percent during the week.
The Treasury bill auction of August 7 received bids totaling Sh23.4 billion against an advertised amount of Sh24 billion, representing a performance of 97.6 per cent.
Interest rate on the 91-day, 182-day and 364-day Treasury bills declined.
