Oct 14 Closing Bell: Electricity Firms KPLC And Kengen Among Top Losers

Today on the Nairobi Securities Exchange. The Kenya Power & Lighting Company Limited (KPLC) and Kenya Electricity Generating Company - Kengen- (KEGN) were among the top five losers. KPLC is the sole power distributor in Kenya. Kengen is the largest power producer in Kenya. Both companies are majority owned by the government. The state owns 50.086% in KPLC inclusive of preference shares. and 70% of Kengen.

Kengen is expected to release its Financial results for the year ended June 2014 this week. Its volume weighted average price and volume of shares traded for the past one year are given below. The company had in the first half of its financial year declared a 36.66% loss in earnings per share.

NSE Kenya day end - Kengen-Abacus

At the closing bell:

The winners

Olympia Capital Holdings Limited (OCH), Car And General Kenya Limited (C&G), Total Kenya Limited (TOTL), British American Tobacco Kenya Limited (BAT) and Williamson Tea Kenya Limited (WTK) were the companies whose share price appreciated the most. Olympia had been the top gainer today in the morning. The closure of Olympia's books for those to receive the first and final dividend will be on October 17.

NSE Kenya day end - gainers- Abacus

The losers

Transcentury Limited (TCL), Longhorn Kenya Limited (LKL), Eveready East Africa Limited (EVRD), KPLC and Kengen shed the most value today. Each ended the day at KES 20.25, 20.75, 3.70, 15.00 and 12.00 respectively.

NSE Kenya day end - losers- Abacus

Market snapshot

As at the close of the market (3.10 pm) today

NSE Kenya day end - snapshot- Abacus

Most shares traded

Safaricom Limited (SCOM), Equity Bank Limited (EQTY), The Co-operative Bank of Kenya Limited (COOP), Kenya Commercial Bank Limited (KCB), and Mumias Sugar Company Limited (MSC) were the five most traded shares.

NSE Kenya day end - movers- Abacus

Indices

The NSE 20 share index dropped 0.23% to 5299.12. The NSE All Share Index (NASI) remained unchanged at 161.95.

 

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