Chase Bank reopened its doors yesterday and it is remarkable how quickly The Central Bank and Kenya Commercial Bank moved. The solution has been patently one in the national interest and its speaks to a coming of age. The Nairobi All Share tracked -0.57 points lower and closed at 145.12. The NSE20 index fell back 27.69 points. Equity turnover clocked 313.223 million.
Safaricom closed unchanged at 16.95 and traded 8.11 million shares. Safari com is +3.975 per cent in 2016 and is girding itself for a push into fresh all time highs ahead of or coincident with the release of its full-year earnings next month.
Co-op Bank has been weighed down by a report on social media regarding the listing of Co-operative Bank over eight years back. COOP Bank responded characterising the document as '' a hate anonymous document'' Co-op Bank had retreated -8.571 per cent this month and rebounded 0.52 per cent yesterday to close at 19.30 and was trading at 19.50 +1.56 per cent at the finish,
I&M rallied +2.8 per cent to close at a 2016 high of 110.00 and traded 88,000 shares. CDC snaffled up a 10.68 per cent stake and might well be adding to that position through the market. I&M is +10.00 per cent this year.
CFC Bank firmed +3.31 per cent to close at 93.50 and traded just 5,000 shares.
DTB was low-ticked -7.317 per cent to close at 190.00 on wait for it just 100 shares.
StanChart retreated 5.911 per cent to close at 191.00 and traded 28,900 shares. The bonus was one for 10 shares held and this correction has overshot big time.
Housing Finance followed on Wednesday's five per cent gain to close +2.38 per cent at 21.50 making that a +7.5 per cent two-session price gain since releasing its first quarter earnings profit after tax rose by 46.816 per cent.
Industrial and Allied
EABL closed unchanged at 285.00 and traded 146,400 shares. Trans-Century slumped -6.06 per cent to close at an all time low 0f 4.65. TransCentury has slumped -43.63 per cent this year and its difficult to foresee a situation that does not essentially wipe out the ordinary shareholders.
Flame Tree Group reported full-year 2015 earnings before the opening bell where full-year revenue rose by 29 per cent to clock Sh2.28 billion. FTG has been on the acquisition trail and is carving out a niche in two high-growth markets, beauty and food. It closed unchanged at 7.55.