Abacus Wealth Management

Closing Bell: Crown Paints Continues To Perform Well In the Market

Liberty Kenya Holdings Limited was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 9.78% to end the day at KES 25.25. This was a KES 2.25 gain in share price.

Crown Paints was the second top gainer at the exchange. The counter registered a gain of 9.42% to end the day at KES 151.00. This is a KES 13.00 gain in share price.

Crown Paints last week led the gainers at the stock market on the back of a bonus share issue announcement. It continues to perform well at the start of this week despite the recent release of its disappointing full-year 2014 results which saw net profit drop by a massive 91 per cent to Sh19.7 million compared to Sh213.8 million in 2013.

High operating expenses incurred on its regional expansion drive pulled down the paints manufacturer’s earnings, but the announcement of a bonus issue last Monday set investors searching for the stock.

Read full story at https://abacus.co.ke/live/company/BERG/news#

Eaagads Limited closed the day as the worst performing share registering a drop of 8.33%. The counter closed with a share price of KES 33.00 which was a KES 3.00 drop in share price.

 

The winners:

The other top gainers were: Crown Paints Kenya Limited (BERG), Flame Tree Group Holdings Limited (FTGH), TPS Eastern Africa Limited (TPSE) and Kenya Airways Limited (KQ). Each closed at KES 151.00, 8.90, 36.50 and 7.40 respectively.

GAINERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
CFCI 25.25 +9.78 +2.25
BERG 151.00 +9.42 +13.00
FTGH 8.90 +5.95 +0.50
TPSE 36.50 +4.29 +1.50
KQ 7.40 +4.23 +0.30

 

The losers:

The counters that shed the most value were: Eaagads Limited (EGAD), Olympia Capital Holdings Limited (OCH), East African Cables Limited (CABL), Standard Group Limited (SGL) and Centum Investment Company (ICDC). They ended the day at KES 33.00, 5.10, 15.00, 37.75 and 63.00 respectively.

LOSERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
EGAD 33.00 -8.33 -3.00
OCH 5.10 -3.77 -0.20
CABL 15.00 -3.54 -0.55
SGL 37.75 -3.21 -1.25
ICDC 63.00 -3.08 -2.00

 

Most shares traded:

These were: Safaricom Limited (SCOM), Equity Bank Limited (EQTY), The Cooperative Bank Of Kenya Limited (COOP), Kenol Kobil Limited (KENO) and Barclays Bank Of Kenya Limited (BBK).

MOVERS VOLUME % OF SHARES ALL TRADED
SCOM 10,926,100 42.0
EQTY 4,213,500 16.2
COOP 2,440,200 9.4
KENO 2,264,700 8.7
BBK 1,619,200 6.2

 

Indices

Both the NSE All-Share Index and the NSE 20 Share Index declined for the fourth day in a row today. They dropped by -0.82 (-0.48%) and -28.23 (-0.56%) respectively.

INDICES
NSE ALL SHARE INDEX 170.65
NSE 20 SHARE INDEX 5,042.52
FTSE NSE Kenya 15 Index 224.82
FTSE NSE Kenya 25 Index 224.60

 

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