Abacus Wealth Management

Closing Bell 24/4/12

Gainers

Price (KES) Change (%)
Kenya Reinsurance Corporation 9.30 16.25
CFC Stanbic Holdings 43.50 6.10
KenGen Limited 8.95 5.92
Trans-Century Limited 24.75 5.32
Olympia Capital Holdings Limited 3.65 4.29

Losers

Price (KES) Change (%)
Mumias Sugar Company 5.70 9.52
Standard Group Limited 22.50 4.26
Rea Vipingo Plantations Limited 15.25 1.61
Scangroup Limited 51.00 0.97
Uchumi Supermarket Limited 14.25 0.70

Exchange Rates

CURRENCY MEAN
US DOLLAR 83.2293
STG POUND 134.1512
EURO 109.4996
SA RAND 10.5774
KES/USHS 30.1938
KES/TSHS 19.0739
KES/RWF 7.2391
KES/BIF 16.7298

 

Safaricom was the day’s biggest mover, continuing the trend from last week, trading 6.69 million shares within the six hour session. The share closed at KES 3.40, 10 cents higher than it closed yesterday. Equity Bank counter had 5.02 million shares moving in 60 bids to close 25 cents up at KES 20.25, signifying a 1.25% increase in the share price. KPLC was next with 1.04 million shares changing hands to close 5 cents lower at KES 15.30. This was followed by KCB which moved 750,900 share and closed at 23.75, the same level at which it closed yesterday. To wrap up the top five was EABL which moved 240,800 shares and closed at KES 216, a shilling higher than the level it closed at yesterday.

It is worth noting that the Kenya Reinsurance share closed 16.25% higher than it did yesterday. This is highly unusual and may be in response to the announcement of their financial results yesterday. The company announced a 24% jump in profits and this seems to have had a significant effect on the performance of the share.

 

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