Oct 8 NSE At Noon: BAT’s Price Gain Brings It Closer To KES 1000
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 12.30pm today.
The winners
Transcentury Limited (TCL), Unga Group (UNGA), British American Tobacco Kenya (BAT), Eveready East Africa (EVRD) and Liberty Kenya Holdings (CFCI) are the companies whose share price had appreciated the most. BAT at the time was exchanging at KES942. Bringing it closer to being the first company at the NSE to hit the KES 1000 share price mark.
The losers
Car and General (Kenya) Limited (C&G), British-American Investments (BRIT), Olympia Capital Holdings (OCH), Diamond Trust Bank Kenya (DTK) and Longhorn Kenya Limited (LKL) had declined the most in share price. Commentators have suggested that Longhorn's share price appreciation last week was not backed by figures.
Market snapshot
As at 12.20 pm today
Most shares traded
Safaricom (SCOM) , Equity Bank (EQTY), Mumias Sugar (MSC), Kenya Commercial Bank (KCB) and British-American Investments (BRIT) were the five most traded shares. Over 2.21 million Safaricom shares had been traded by noon today.
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.
The pending bids and asks of Transcentury one of the top gainers and Olympia capital one of the top losers are given below.
