Stocks Watch

Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange:

  • Nation Media Group – The share continued edging up further yesterday reaching a new high of KES 186 per share last seen in 2008. Gains in the share have been steady since Nation announced a 13 percent growth in six-month profit to 1.37 billion shillings on Wednesday last week.
  • Sasini – The tea and coffee grower’s share appears to be recovering from an 8 percent drop experienced last week after the company warned that 2012 earnings will be at least 25 percent lower than last year’s. Read more on this here. It closed yesterday having climbed 1.35 percent to KES 11.25 from KES 11.10 on Tuesday. We will observe the share today to see if it continues edging up.
  • Scangroup – We will continue watching the share which yesterday topped Tuesday’s high closing at a new high of KES 60 per share last seen in 2010.  The share's gains are on the back of an 11 percent growth in half-year earnings to 578.4 million shillings. Read  more on this here.
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