In today’s trading we will be careful to observe the performance of the following counters:

Uchumi Supermarkets Limited: at the beginning of last week the share appeared to be very promising gaining consistently over the first few days. However, by the end of the week the share price has dropped drastically to close at KES 17.20 down from KES 19.50 at some point during the week. Today we will observe the share to see whether the price will stabilise at around KES 17 per share or whether it will keep falling or rise uncharacteristically.

Standard Chartered Bank: Last week the Bank held its Annual General Meeting where shareholders approved a proposed rights issue. The issue would commence in June and each current shareholder will be eligible to buy new shares proportionately to their current holdings. We will observe this counter to see what effect, if any, this may have on the share price.

Sasini: Last week the tea and coffee grower announced a 71% drop in profit for the first half of its financial period. The KES 178 million profit was attributed to the higher cost of inputs and lower international prices. We will observe the performance of the share today to see what effect this will have on the share price.

Rea Vipingo Plantations: Last week the sisal producer announced a 33% jump in first half profits to KES 302 million. This was attributed to increased production and higher prices. This good news is bound to have an effect on the performance of the share.