East African
Breweries was yesterday the largest mover at the Nairobi Securities
Exchange, trading shares worth Sh504 million at an average price of
Sh241 apiece.
The brewer’s share price has gone down
six per cent in the past five trading sessions after it went ex-dividend
to touch a 52 week low of Sh240 a unit yesterday.
Data
from Kingdom Securities showed foreign investors were the key players
at the counter, constituting 63.7 per cent of the activity.
EABL was paying a final dividend of Sh5.50 per share to shareholders in its register at the end of August.
Telecommunication giant Safaricom, which went ex-dividend on Monday bounced back in yesterday’s trading, gaining 2.4 per cent.
The
telco share price had shed 7.5 per cent on Monday, resulting in its
market capitalisation dropping by Sh62.1 billion — the sharpest
single-day drop for months.
Some of the listed
companies expected to close their books for the dividend this month,
hence likely to witness increased activity, include Bamburi, Nation
Media Group, BOC Kenya and Centum Investments.
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