Abacus Wealth Management

Closing Bell 23/04/2012

Gainers
Price        Change

Crown Berger Limited 27.50 8.91%
KenGen Limited 8.45 5.63%
Scangroup Limited 51.50 5.10%
East Africa Cables Limited 11.30 3.67%
AccessKenya Group Limited 4.45 3.49%

Losers

Price        Change

Pan Africa Insurace Holdings Limited 28.00 5.88%
Kapchorua Tea Company Limited 115.00 4.96%
Eveready East Africa Limited 1.65 2.94%
TPS Eastern Africa (Serena) Limited 45.00 1.64%
Express Limited 3.95 1.25%

Exchange Rates

US Dollar 83.2178
Sterling Pound 134.1262
Euro 109.7653
SA Rand 10.6300
KES/USHS 30.1619
KES/TSHS 19.0465
KES/RWF 7.2402

Safaricom was the day’s biggest mover, continuing the trend from last week, trading 19 million shares within the six hour session with a turnover of KES 63.49 million. The share closed at KES 3.30, the same as it opened. Equity Bank counter had 5 million shares moving in 123 bids to close 5 cents up at KES 20.00, signifying a 3.23% increase in the share price. Mumias Sugar continued its run today, 1.87 million shares changing hands to close 20 cents up at KES 6.30, a 3.28% increase in the share price. The NSE received news of Kenya Re’s financial results for the year ended 31st December 2011 (read more on that here) with the company reporting a 24% increase in its profits.
On Pesatalk today we highlight the drop in Sameer Africa’s dividend (see that here), we chart StanChart’s progress over the last 5 years (click here to read more on that) and point out that KRA is collecting taxes from you illegally (click here for more insights), among other interesting stories.

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