Closing Bell: Car And General Continues NSE Gain

At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Car And General Kenya Limited (C&G) was among the top gainers. It was up 6.36% to KES 58.50 compared to yesterday's close of KES 55.00. Since the beginning of the year the share has appreciated by over 95%. This means that if you had put KES 1 million into C&G in January, as of today you would have realised KES 1.95 million.

The company deals in Cummins diesel generators, Doosan earth moving equipment and light construction equipment, Ingersoll-Rand air compressors, Briggs & Stratton power equipment (lawnmowers, gasoline generators, water pumps), & Suzuki and TVS motorcycles. It also trades in Piaggio three wheel tuk tuks, Kubota tractors, MRF two and three wheeler tyres, Motorol lubricants, Electrolux laundry equipment, and Mariner outboard engines.

In the year ended 30th, September 2013 C&G had declared a KES 315.79 million profit after tax, a gain of 18.47% from the previous year. In the 6 months to March 2014, the company announced a profit after tax of KES KES 72.603 million, a 93% increase over the KES 37.488 million declared at the same time last year. The summary of the 2013 financial statements for the company can be obtained here.

C&Gs share price performance for the last 12 months is given below:

nse kenya prices, Car and General 12 month performance by Abacus

The winners:

The other top gainers were: Olympia Capital Holdings Limited (OCH), British-American Investments Company Limited - Britam- (BRIT), Home Afrika Limited (HAFR), and CIC Insurance Limited (CIC). They closed at KES 6.25, 26.00, 4.00 and 9.75 respectively.

nse kenya prices Nov 7th, Top Gainers by Abacus

The losers:

The counters that shed the most value were: Flame Tree Group Holdings Limited (FTGH), Kakuzi Limited (KUKZ), Kenya Orchards Limited (ORCH), Standard Group Limited (SGL) and CFC Stanbic Bank Limited (CFC). They ended the day at KES 12.50, 195.00, 140.00, 36.25,  and 115.00 respectively.

FTGH listed yesterday at a price of KES 8.00 before appreciating to KES 14.00.

Read: Baby's Day Out-Flame Tree Group Impresses On Its First Day At The NSE

nse kenya prices Nov 7th, Top losers by Abacus

Market snapshot

As at 3.10 pm today.
nse kenya prices Nov 7th, Market snapshot by Abacus

 

Most shares traded:

Safaricom Limited (SCOM), Mumias Sugar Company Limited (MSC), Equity Bank Limited (EQTY), Uchumi Supermarkets Limited (UCHM), and Kenya Commercial Bank Limited (KCB). Over 17.53 million Safaricom shares changed hands today representing 47.9% of all shares traded.

nse kenya prices Nov 7th, Top movers by Abacus

Indices

The NSE 20 share index marginally declined today, it fell 0.002% to 5074.93.

However, the NSE All Share Index (NASI) appreciated by 0.22% to 159.48.

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