Mumias Sugar Company Limited (MSC) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 1.70, up 9.68% from Friday’s close of KES 1.55. Home Afrika also saw its closing price appreciate by 6.02% to KES 4.40. The Capital Markets Authority last Wednesday approved Home Afrika’s issue of a KES 900 million corporate bond for completion of its ongoing real estate projects.
Home Afrika’s share price has been on the increase from last Friday, as illustrated below. Since the beginning of the year however, the real estate firm has shed 27% of its stock price.
Read: Unga Gains While Home Afrika Slumps At The NSE
The winners:
The other top gainers were: Eaagads Limited (EGAD), Transcentury Limited (TCL), and Sameer Africa Limited -formerly Firestone East Africa- (FIRE). Each closed at KES 44.00, 20.00 and 6.40 respectively.
The losers:
The counters that shed the most value were: Olympia Capital Holdings Limited (OCH), National Bank of Kenya Limited (NBK), Williamson Tea Kenya Limited (WTK), Crown Paints Kenya Limited (BERG), and Centum Investment Company -ICDCI- Limited (ICDC). They ended the day at KES 6.05, 23.75, 680.00, 120.00 and 61.00 respectively.
Market snapshot
Most shares traded:
Mumias Sugar, Safaricom Limited (SCOM), Home Afrika, Barclays Bank of Kenya (BBK), and Kenya Commercial Bank Limited (KCB). Over 2 million Mumias shares changed hands today representing 30.2% of all shares traded.
Indices
Both the NSE 20 share index and the NSE All Share Index (NASI) declined today. They lost 0.54% and 0.31% to close at 5111.47 and 163.20 respectively.