In yesterday’s trading at the Nairobi Securities Exchange, the NSE 20 share index closed 3.5 points up (0.1%) at 3,589.43 points while the NSE all-share index closed at 78.36 points. 27.82 million shares were traded in the day in 1,092 deals with a total equity turnover of KES 608.36 million. The NSE closed with a market capitalization of KES 760.64 billion.
The shares to look out for in today’s trading include:
Safaricom Limited – The company yesterday released its financial results for the year ended 31st March 2012 posting a KES 12.63 billion net profit, down 4% from the previous year’s amount. The board also recommends a 10% increase on its dividend pay-out, increasing the amount to 22 cents per ordinary share. The share is expected to continue with increased trading and some upward pressure on the share price buoyed by the results. Read the full Safaricom 2011/2012 results here.
Unga Group – The Unga Group share yesterday rose the maximum 10% share price increase. The share increased KES 1.1 to close at KES 12.10. The share reached a new 12-month high with 14,100 shares traded yesterday.
Marshalls East Africa – The share price of the motor vehicle dealer yesterday rose 7.14% to close at KES13.50 from the previous day’s KES 12.6.
Mumias Sugar Company – Mumias’ share price has been quite active in the last few weeks. The share (as we analysed this morning) has a lot of potential and with the increased trading activity of late, the share price will be one to watch. 1.05 million shares were traded yesterday on the NSE from the Mumias counter.
Scangroup Limited –Africa’s premier marketing services company yesterday had 7.06 million shares exchanging hands in 42 bids. The share price yesterday rose 50 cents to close at KES 53, 0.95% up from the previous day’s price. The share remains KES 6 below the 52 week high of KES 59 and with the steam the share seems to be picking up, it may get to that level soon.
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