The East African Breweries Limited (EABL) #ticker:EABL share has hit a five-month high to race past Equity Bank #ticker:EQTY, becoming the bourse’s second most-valued stock after growing half-year profit by more than a third.
The market warmed to this performance as well as the board’s proposal of a Sh2.50 per share interim dividend, the highest interim payout since a similar one was made in 2012.