Money Markets
Customers at a KCB banking a hall in Juba. Photo/FILE
By GEORGE NGIGI
Diamond Trust Bank
Wednesday shed 10.2 per cent of its share trading value at the Nairobi
Securities Exchange after it closed the eligibility of shareholders to
buy new stocks at a discounted price.
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DTB’s stock traded at Sh247 per unit compared to the previous day’s Sh275 each with 31,500 shares traded.
The bank will be selling 22 million shares to those
listed as its owners as at end of yesterday at Sh165 a unit from Monday
to July 25. DTB intends to raise Sh3.6 billion from the share sale.
CIC Insurance
was also on the losing end, shedding 5.1 per cent after closing its
books for dividend payout. The insurer traded at Sh9.40 down from Sh9.90
on Tuesday. CIC is offering a profit payout of Sh0.10 per share.
Jubilee Insurance
continued its rally touching a new year high of Sh424 a unit. The stock
has gained more than Sh100 in the last month riding on positive
investor sentiments after news of its planned regional acquisitions.
The insurer’s chairman was quoted saying it may make a cash call to its shareholders for expansion capital.
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