Sep 30 NSE Morning Bell: Eveready Up Over 50% After Announcing Factory Closure

The winners

As at 11.04 am today Eveready East Africa was up 62.5% from yesterday's closing price. The battery maker on Monday announced the closure of its Nakuru factory. Instead it will be sourcing its batteries at a lesser cost  from its affiliate Energizer Egypt. Eveready also intends to venture into real estate. The second top gainer this morning is Longhorn Kenya Limited just like it was yesterday. Olympia Capital Holdings, flour maker Unga Group and Centum holdings (ICDC) are the other companies that have appreciated most in value.

 

NSE Kenya Morning

The losers

Insurance firm Liberty Kenya Limited (formerly CFC Life) is the largest decliner this morning. Other counters (shares) that have shed value are Kenya Airways, Standard Charted Bank, Equity Bank and paint maker Crown Berger.

Most Traded Shares

The five most traded shares are illustrated below. 896000, 725000, 685000, 586000, and 539000 shares of  Safaricom, Co-operative Bank, Mumias Sugar, CIC Insurance and Equity Bank have changed hands.

NSE Kenya Morning 2

Asks and Bids

Asks are prices quoted by prospective sellers and bids are prices quoted by prospective buyers. Pending bids/asks are those that are yet to get a match.

The pending asks and bids for Eveready are given below. Pending asks/bids can serve as an indicator of whether the share price will rise or fall.

NSE Kenya Morning 3NSE Kenya Morning 4

 

The pending bids/asks for Safaricom, Cooperatve bank and CIC Insurance who were the top movers as at 11.00am in the morning are given below.

NSE Kenya Morning 3NSE Kenya Morning 5 Coop Bank and CIC InsuranceNSE Kenya Morning 6

 

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