Stocks Watch – 17 May 2012

17.99 points. The NSE 20 share index yesterday increased 17.99 points (0.495%) from the previous day’s close of 3,637.08 points. The NSE all-share index increased 0.22 points (0.278%) to close at 79.41 points . The NSE indices continue to record increases thus far in the week. The counters to pay close attention to in today's trading include:

Olympia Capital Holdings: The Olympia share has been on our radar for a while now and its recent resurgence in activity has definitely aroused our interest. The share was the biggest gainer in yesterday’s trading, up 8.57% to close at KES 3.80.

NIC Bank: The share was up KES 2.25 (6.82%) in yesterday’s trading. The share is of particular interest because of its upcoming rights issue.

Kenya Re: Kenya Re increased 6.28% in yesterday’s trading, the share closing 75 cents up at KES 12.70. The share has had a good run thus far in the week and will be one to watch in the coming days.

Car & General: The share price of the motor vehicle sales and service and company dropped 8.62% in yesterday’s trading. The share is one to watch closely, especially as it is undervalued and possesses potential for gains.

KCB: The share price of East Africa’s largest bank (by asset base and profits) is expected to face upward pressure following the re-launch of its mobile offering, giving registered customers a better on-phone experience.

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