Britam jumped 4.6 percent to 5.42 following a four-fold jump in EPS to 0.65 shillings on a 33.8 percent y/y jump in insurance revenue as well as a 26.8 percent y/y climb in investment income.
Unprecedentedly, ILAM Fahari I-REIT was the top traded counter, declining 7.9% to KES 8.36 following its recent rally and on bargain hunting ahead of tomorrow’s record date for the redemption offer which has been set at a price of KES 11.00 (+31.6% upside). The counter was the top loser of the session.
Equity Group shed 1.6% to a two-month low of 38.85 shillings on increased foreign selling. Safaricom and KCB each lost 0.6 percent with the latter closing at a 6.5-yr low.
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Serena was the best performer of the day, rebounding 8.2 percent following its 2.9 percent slide to close at an over one-month high of 12.50 shillings, though on thin volumes.
Jubilee gained 1.7 percent to 175.25 following its interim dividend announcement of 2.00 shillings with dividend book closure slated for Friday 8 September 2023.
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Conversely, the volumes transacted in the period grew 5.9 percent y/y (+2.8 percent m/m) to stand at 1.4 billion transactions from 1.3 billion in June 2022. Subscriptions ticked higher by 7.9 percent y/y (+0.3 percent m/m).
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