Bamburi Retreats 22.4% Following Its Special Dividend Book Closure

The market closed the session on a mixed note with the N10 gaining 0.3% while the NASI and NSE 20 dropped by 0.1% and 0.9%, respectively. The NSE 25, on the other hand, remained largely unchanged.

Equity turnover rose to USD 2.9m (+16.7%) with local investors driving activity at 58.6% of the day’s turnover levels, down from 68.2% in the prior session.

EABL was the top-traded stock, accounting for 31.2% of the day’s turnover. The counter gained 1.6% to KES 156.25.

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Of the top-traded banking stocks, BK Group – a surprise top mover – gained 3.1% to KES 33.50 closing the day as the best-performing top mover. KCB Group and ABSA prices retreated by 0.3% each to KES 33.75 and KES 14.25, respectively. Equity Group gravitated to a position of relative stability remaining unchanged at KES 42.00.

Likewise, Safaricom remained unchanged at KES 15.00. TransCentury gained 8.8% to KES 0.37 closing the day as the top gainer. Bamburi, on the other hand, was the leading laggard shedding 22.4% to KES 62.50 following its special dividend book closure on Friday.

Foreign investors remained net buyers with a net inflow print of USD 386.9K. Safaricom led the selling charge while EABL led the buying charge.

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