Scangroup Limited (SCAN) was the top gainer at the Nairobi Securities Exchange (NSE) on the basis of its closing price. It rose 9.52% to close at KES 46.00. While Longhorn Kenya Limited (LKL) slumped 9.80% to close at KES 23.00.

Longhorn's annual general meeting was concluded last Friday where it was agreed that the company would have a 3 for 2 bonus issue. It is likely that investors were factoring in the increased number of shares into the share price.

Scangroup on the other hand has had consistently good earnings. Its profit for the six months to June had risen 151% to KES 253.85 million. At the end of 2013, its profits had risen 22.17% to 867.36 million compared to 2012's KES 752.01 million.

The winners:

The other top gainers were: Bamburi Cement Limited (BAMB), Mumias Sugar Company Limited (MSC), East African Cables Limited (CABL), and I & M Holdings Limited (I&M). Each closed at KES 165.00, 2.10, 16.00 and 135.00 respectively.

The losers:

The other counters that shed value were: Car and General Kenya Limited (C&G), Kenya Electricity Generating Company Limited -Kengen- (KEGN), Marshall's East Africa Limited (MASH), and Williamson Tea Kenya Limited (WTK). They ended the day at KES 23.00, 52.00, 10.70, 9.40  and 265.00 respectively.

Market snapshot

[caption id="attachment_40522" align="aligncenter" width="1093"] As at 3.10 pm today. (Market close)[/caption]

Most shares traded:

Mumias Sugar Company Limited (MSC), Kenya Commercial Bank Limited (KCB), Safaricom Limited (SCOM), Carbacid Limited (CARB), and The Co-operative Bank of Kenya (COOP). Over 3.34 million Mumias shares changed hands today representing 25.3% of all shares traded.

Indices

Both the NSE 20 share index and the NSE All Share Index (NASI)depreciated today. They fell 0.40% and 0.56% to 5145.98 and 161.95 respectively.

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