Co-op Bank shares hit all time high; Stanchart share price recovers

Co-op Bank shares hit all time high at Sh21.80; Stanchart Kenya share price recovers slightly to Sh299 after plummeting yesterday.

PWBy: Ian
IN BRIEF:
  • Co-op Bank shares hit all time high.
  • Stanchart Kenya shares recover slightly.
  • Car & General subsidiary opens engine rebuild centre.
  • Billionaire John Kibunga bought 23.7m additional shares in Centum
    Billionaire investor John Kibunga KImani bought 23.7 million additional shares in Centum increasing his shareholding in the company to 10.43% from 6.87% last year. He is currently the third largest shareholder in the company behind the estate of the late Chris Kirubi which owns 30.97% and Kenya Development Corporation Limited which owns 22.97%.
    Centum reported a profit of Sh547m for the year ended 31st March 2025 and declared a dividend of Sh0.32 per share. The company will hold its Annual General Meeting on 26th September 2025.
  • Cummings C&G opens engine rebuild centre
    Car and General subsidiary, Cumming C&G, opened a Sh30m engine rebuild facility aiming to fill a gap currently served by general repair shops that lack manufacturer accreditation.
  • Co-op bank share price hits Sh21.80
    Co-operative bank share price hit an all time high of Sh21.80 in early trading on Tuesday, valuing the bank at around Sh128bn, its highest ever since listing at the Nairobi Securities Exchange in 2008. The share price later retreated to close the day at Sh21.50 with 5.93 million shares exchanging hands.
    The bank's share price began the year at Sh16.45 and has gained 30.7% this year.
    Co-operative Bank reported a growth of 8.4% in half-year net profit to Sh14.1bn last month.
  • Stanchart Kenya share price recovers slightly
    Stanchart Kenya share price recovered slightly rising by Sh6.25, or 2%, to Sh299 in early trading on Tuesday. The share price plummeted on Monday losing Sh32, or 10%, to Sh292.75 after a supreme court judgment dismissing Stanchart's case against former employees triggered a sell-off.
    The bank issued a statement yesterday after market close, reassuring stakeholders that it had sufficient capital to meet the claim payout, estimated to be around Sh7bn.

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