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NSE shrugs off record earnings and dividends
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG
The raft of dividend announcements and record earnings made in the past three weeks has failed to excite the stock market, with share prices registering muted growth despite the attractive returns on offer.
Six tier one banks and BAT Kenya #ticker:BAT currently have their books open for dividends, but since announcing the payouts, their share prices have registered movements of between -1.3 percent and 1.6 percent.
