The Nairobi Securities Exchange closed on a high last week Friday at 4166.55 points for the 20-share index, up 0.25% from the previous Friday. The All-share index closed at 93.47, up 0.95% from the previous Friday.
Here are the counters we shall be monitoring today.
COUNTER WATCH
- Equity Bank – The bank has persistently featured amongst the top traded counters by volume over the weeks. It has also made significant movement in terms of stock price since the beginning of the year. The shares started off at KES 16.75 in January and are currently trading 43% higher, at KES 24. The bank’s shareholders have experienced a huge capital gain on their shares in the course of the year. In their last results announcements, they recorded profit of KES 8.3 billion, up by over 13%. We shall keep an eye on price and volume changes for the day.
- Safaricom Limited – Shangwe na vigelegele. For the first time in its trading history, the stock closed at KES 5. This was the share’s price during the IPO and last week Friday provided a much needed sigh of relief for the many investors who were waiting for this move. The stock is currently trading at KES 5.05 and may come to close at a lower price if a majority of the shares are put up for grabs. We shall keep an eye on the price movement for today.