Abacus Wealth Management

Closing Bell: Flame Tree Group Top Gainer While Car & General Declines

Flame Tree Group Holdings Limited was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 6.13% to end the day at KES 8.65. This was a KES 0.50 gain in share price.

Car & General (Kenya) Ltd closed the day as the worst performing share registering a drop of 9.78%. The counter closed with a share price of KES 41.50 which was a KES 4.50 drop in share price.

Safaricom Limited was the most traded share at the exchange today. It traded 34.340.000 shares which was 58.9% of all trades in the market.

Safaricom was today named the 7th best performing share at the exchange over the last five months. Its share price went up by 8% and this was largely driven by the anticipation of a solid set of full year figures for the telecommunications firm, whose financial year ends March 31.

The firm recorded a 38 percent increase in profit after tax in full year results with total revenue increasing by13 percent to Sh163.4 billion and a jump in earnings per share of 40 percent, and a dividend payout of Sh0.64 per share, representing an increase of 36 percent on the previous year’s dividend.

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

 

The winners:

The other top gainers were: Eveready East Africa Limited (EVRD), East African Breweries Limited (EABL), Total Kenya Ltd (TOTL) and British American Tobacco Kenya Limited (BAT). Each closed at KES 4.40, 314.00, 23.50 and 773.00 respectively.

GAINERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
FTGH 8.65 +6.13 +0.50
EVRD 4.40 +6.02 +0.25
EABL 314.00 +5.72 +17.00
TOTL 23.50 +5.62 +1.25
BAT 773.00 +4.74 +35.00

 

The losers:

The counters that shed the most value were: Car & General Kenya Ltd (C&G), Kakuzi Limited (KUKZ), Boc Kenya Ltd (BOC), Sasini Ltd (SASN) and Standard Chartered Bank Kenya Ltd (SCBK). They ended the day at KES 41.50, 273.00, 120.00, 15.50 and 272.00 respectively.

LOSERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
C&G 41.50 -9.78 -4.50
KUKZ 273.00 -7.46 -22.00
BOC 120.00 -6.98 -9.00
SASN 15.50 -5.20 -0.86
SCBK 272.00 -4.58 -14.00

 

Most shares traded:

These were: Safaricom Limited (SCOM), Kenya Commercial Bank Ltd (KCB), Equity Bank Limited (EQTY), The Co-operative Bank of Kenya Ltd (COOP) and East African Breweries Limited (EABL).

MOVERS VOLUME % OF SHARES ALL TRADED
SCOM 34,340,000 58.9
KCB 9,573,300 16.4
EQTY 5,439,000 9.3
COOP 2,547,000 4.4
EABL 1,723,900 3.0

 

Indices

The NSE All-Share Index appreciated while the NSE 20 Share Index depreciated today. They moved by +0.82 (+0.51%) and -49.01 (-1.01%) respectively.

INDICES
NSE ALL SHARE INDEX 162.13
NSE 20 SHARE INDEX 4,786.74
FTSE NSE Kenya 15 Index 214.53
FTSE NSE Kenya 25 Index 214.39

 

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