Our focus today on Nairobi Securities Exchange watch shall be on two stocks; Sasini Group Ltd and Standard Chartered Bank. The primary aim of watching them is to measure their volatility to press releases. It will help determine existence of information sensitivity in the Kenyan market.

The summary of yesterday’s trading can be viewed here.

• Sasini Group  – They are the only coffee producers that are listed on the securities exchange and may stand to experience increase in share value if the coffee auction is anything to go by. The average price for all grades increased by KES 880 per bag this week and might spark speculation from investors hoping it translates to increased profits. Other investors may look to make profits from the bid-ask spread the counter may exhibit today.
• Standard Chartered Bank – The bank is about to start the 2nd rights issue as announced 2 days ago. We shall be watching the fluctuations of the share's price to see if the general price will dip or rise before 9th October. There was also a mention last month by the Central Bank governor, Mr.Ndungu, that the interest rate spread was too high. The secondary aim of watching this counter will be to see if the news and possible action will have any effect on the stock's price.