Oct 3 Morning Bell: Eveready Losing The Most Value At The NSE
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 11.00 am this morning.
The winners
Limuru Tea, Olympia Capital Holdings, Total Kenya, Unga Group and Kapchorua Tea are the companies whose share price has appreciated the most today. Total Kenya last month clinched a contract to supply the police service with fuel.
The losers
Eveready, NIC bank, Longhorn Kenya Limited, Liberty Kenya (former CFC life) and CIC insurance have declined the most in share price this morning.
Market snapshot
As at 11.00am today
Most shares traded
Safaricom, Mumias Sugar, Cooperative bank, Equity Bank and CIC insurance shares have been the five most traded shares this morning.
Bids and Asks
Asks are prices quoted by prospective sellers while bids are prices quoted by prospective buyers. Pending bids/asks are those that are yet to get a match. They (pending bid/asks) can be used as an indicator of the direction the price of a share will take.
Eveready had pending over 300,000 shares in pending asks compared to only 29,000 in pending bids. On the other hand Olympia Capital Holdings (OCH), Standard media Group (SGL), Transcentury Limited (TCL), ant Total Kenya (TOTL) had significantly more pending bids compared to pending asks.
