Olympia Capital Holdings (OCH) was today the top gainer at the Nairobi Securities Exchange (NSE). Its closing price was KES 7.40, a rise of 100% compared to last Friday's price of KES 3.70.

"The rise can be attributed to price volatility. Since the changes in the board last week there has been no major news on the company. The counter registered a major price drop last week and therefore some investors may be viewing it as a bargain opportunity. Hence the price increase," said  Silha Rasugu a research analyst at Genghis Capital Limited.

The 3 month share performance of Olympia is given below

The winners

Olympia Capital, Car and General Kenya Limited (C&G), Kenya Orchards Limited (ORCH), Longhorn Kenya Limited (LKL), and Unga Group Limited (UNGA) are the companies whose stock price appreciated the most. Olympia and Longhorn had been among the top gainers earlier today morning.

 The losers

British-American Investments Limited -Britam- (BRIT), Eveready East Africa Limited (EVRD), Uchumi Supermarkets Limited (UCHM), Marshalls E.A Limited (MASH) and East African Portland Cement Company (PORT) shed the most value today. They ended the day at KES 26.75, 3.70, 9.80, 10.00 and 68.00 respectively.

The Business Daily reports that Uchumi is locked in negotiations with suppliers who are demanding payment of millions of shilling worth of goods delivered to the supermarket more than six months ago.

Market snapshot

As at the close of the market (3.10 pm) today

Most shares traded

Safaricom Limited (SCOM), Kenol Kobil Limited (KENO), Kenya Commercial Bank Limited (KCB), Mumias Sugar Company Limited (MSC) and The Kenya Power & Lighting Company Limited (KPLC) were the five most traded shares. Over 13.73 million Safaricom shares changed hands today.

Indices

Both the NSE 20 share index and the NSE All Share Index (NASI) registered a drop today. They shed 0.39% and 0.36% respectively to close at 5,259.18 and 159.84

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