Closing Bell: Standard Group Rebounds While Kapchorua Tea Slumps At The NSE

In an interesting twist of events Standard Group Limited (SGL) rebounded from being yesterday's worst performer at the Nairobi Securities Exchange (NSE) to today's top gainer. It ended the day at KES 36.75, up 9.70% from yesterday's close of KES 33.50. However, this was on thin volumes with only 300 Standard media shares changing hands today. 100 is the minimum number of shares that can be transacted in a single transaction.

Read: Sasini Gains While Standard Group Sheds Value At The NSE

This was a day that also so over 110 million Safaricom shares traded, this translates to over KES 1.5 billion changing hands today with regard to Safaricom Limited (SCOM).

The winners:

The other top gainers were: Sasini Tea And Coffee Limited Limited (SASN), Carbacid Investments Limited (CARB), Mumias Sugar Company Limited (MSC),  and Kenya Electricity Generating Company -Kengen- (KEGN). Each closed at KES 23.00, 13.90, 1.95 and 11.45 respectively.

As you would have noticed, four of the five top gainers were among the top gainers yesterday.

The losers:

The counters that shed the most value were: Kapchorua Tea Company Limited (KAPC), Diamond Trust Bank Kenya Limited (DTB), Total Kenya Limited (TOTL), Home Afrika Limited  (HAFR), and Flame Tree Group Holdings Limited (FTGH). They ended the day at KES 148.00, 240.00, 25.00, 4.20 and 8.70 respectively.

You'll notice that this was Home Afrika's second day of losing value. While Kapchorua and Standard group seem to have swapped places, although only 200 shares of the tea grower were traded today.

Read: Unga Gains While Home Afrika Slumps At The NSE

Most shares traded:

Safaricom Limited (SCOM), Carbacid Limited, Mumias Sugar, Equity Bank Limited (EQTY), and Barclays Bank of Kenya (BBK) were the top movers today. 1.58, 1.45, 1.06, 1.02 million shares of the latter four exchanged hands respectively.

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