Abacus Wealth Management

Closing Bell: Unga Group Rises To Top Gainer

 

Unga Group Limited was the top gainer at the Nairobi Securities Exchange (NSE). This was a good turnaround from being the 4th worst performing share yesterday. The counter registered a gain of 9.66% to end the day at KES 48.25. This was a KES 4.25 gain in share price.

Its improved financial performance is attributable to the full period impact of capacity and efficiency gains from the new wheat mill and gains from the sale of the group’s investment in Bullpak limited.

Flame Tree Group Holdings closed the day as the worst performing share at the exchange. The counter registered a drop of 9.79% to end the day at KES 8.75. This is a KES 0.95 loss per share.

 

The winners:

The other top gainers were: Crown Paints Kenya Limited (BERG), Standard Group Limited (SGL), Atlas Development and Support Services (ADSS) and Car and General Kenya Limited. Each closed at KES 138.00, 39.00, 10.75 and 49.00 respectively.

GAINERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
UNGA 48.25 +9.66 +4.25
BERG 138.00 +9.52 +12.00
SGL 39.00 +9.09 +3.25
ADSS 10.75 +7.50 +0.75
C&G 49.00 +4.81 +2.25

 

The losers:

The counters that shed the most value were: Flame Tree Group Holdings (FTGH), Equity Bank Limited (EQTY), Standard Chartered Bank Kenya (SCBK), Liberty Kenya Holdings Limited (CFCI) and East African Cables Limited (CABL). They ended the day at KES 8.75, 45.50, 321.00, 23.00 and 15.50 respectively.

LOSERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
FTGH 8.75 -9.79 -0.95
EQTY 45.50 -3.70 -1.75
SCBK 321.00 -3.31 -11.00
CFCI 23.00 -3.16 -0.75
CABL 15.50 -3.13 -0.10

 

Most shares traded:

These were: Safaricom Limited (SCOM), Kenya Commercial Bank Limited (KCB), Equity Bank Limited (EQTY), Centum Investment Company Limited (ICDC) and Uchumi supermarkets Limited (UCHM).

MOVERS VOLUME % OF SHARES ALL TRADED
SCOM 19,809,900 51.7
KCB 5,565,500 14.5
EQTY 3,660,200 9.5
ICDC 2,225,200 5.8
UCHM 1,119,200 2.9

 

Indices

Both the NSE All-Share Index and the NSE 20 Share Index depreciated today. They dropped by -1.97 (-1.14%) and -9.18 (-0.18%) respectively.

INDICES
NSE ALL SHARE INDEX 171.52
NSE 20 SHARE INDEX 5,074.76
FTSE NSE Kenya 15 Index 228.44
FTSE NSE Kenya 25 Index 228.27

 

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