Oct 6 Morning Bell: Eveready’s Price Decline Continues 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
BOC Kenya limited, Olympia Capital Holdings, East African Portland Cement, TPS Serena and Marshals East Africa are the companies whose share price has appreciated the most today.
The losers
Eveready East Africa, NIC bank, Standard Media Group, BAT Kenya and Sasini have declined the most in share price this morning. Despite a price rally Tuesday last week following Eveready's announcement that it will be closing its Nakuru factory, its shares have been shedding value. At KES 3.70, it was the top decliner today, just as it had been on Friday morning.
Market snapshot
As at 11.00am today
Most shares traded
Kenya Commercial Bank (KCB), Equity Bank, Cooperative bank, Kengen and Safaricom 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.
BOC, Olympia Capital Holdings and Kenya Orchards had pending bids but no pending asks. BOC gases and Olympia were among the top gainers this morning. Orchards has risen over 2800% in price since January this year although on thin volumes traded and little share demand.
Eveready had pending asks and no pending bids. The share had lost value the most today morning.
