There are normally 2-4million Safaricom shares on a normal day. 63 million shares were traded on Thursday! Remember, there are 10 Billion listed Safaricom shares... 63 million is a drop in the ocean.

Kenyans were excited about the stock market. The Kengen IPO had made some shareholders up to 6 times their initial investment. Eveready was going to be successful too right?

There were 63 million Safaricom shares traded today on the NSE. The share price however remained unmoved at KES 3.25. Newbie share Longhorn Kenya Limited was the biggest gainer of the session, the counter closing KES 1.60 up (9.91%) to close its second trading day at KES 17.75.

The Longhorn Kenya shares yesterday began trading. The share price opened 42% higher than the listing price, KES 20 from a listing price of KES 14.

DTK, KQ, Longhorn and Scangroup make up or list of to-watch shares today. DTK was up 5.7% in yesterday's trading while Scangroup closed 7.84% higher at KES 55 from KES 51 the previous day.

Gainers Price (KES) Change (%) Scangroup Limited 55.00 7.84 Carbacid Investments Limited 110.00 5.77 Diamond Trust Bank Limited 102.00 5.70 NIC Bank Limited 34.50 5.34 Kapchorua Tea Company Limited 130.00 4.84 Losers Price (KES) Change (%) Co-operative Bank of Kenya Limited 13.05 4.40 Jubilee Holdings Limited 170.00 2.86 BOC Kenya…

At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,627.64 while the All-share index stood at 78.20. The total shares traded during the day stood at 9.085 million equating to an equity turnover of KES 166.82 million. In today’s trading we will be watching…

The Kenya Airways Rights Issue has essentially quadrupled the number of shares. Analysts believe the share price could drop, to even four times the present value once the new shares begin trading on the securities exchange.

Gainers Price          Change Uchumi Supermarket 17.05 10.00% Eveready East Africa 1.95 8.33% Crown Berger 31.00 6.90% Pan Africa Insurance Holdings 31.50 5.00% Unga Group 12.70 4.53% Losers Price         Change Housing Finance Company Limited 15.00 5.06% Cooperative Bank…

The Kenya Airways Rights Issue has been a hot topic for many. Some were optimistic, many were sceptical and others down right pessimistic. Analysts say that the shares may be oversubscribed. Whether or not that will be, the share has recovered to trade well above the KES 14 rights price.