Oct 13 NSE At Noon: Olympia Down 71% Exchanging At KES 2.50
An update on how companies listed on the Nairobi Securities Exchange (NSE) had performed as at 12.15pm today.
The losers
Olympia Capital Holdings (OCH), British American Tobacco Kenya (BAT), Longhorn Kenya Limited (LKL), Jubilee Holdings Limited (JUB) and Marshalls (East Africa) Limited (MASH) had declined the most in share price. Olympia traded at KES 2.50 compared to last week's ending price of 8.65. A drop of 71.10%. The company was in the news last Friday over the return of its former CEO. It also had changes in directorship last September. Marshall's is also in the news today over the financial losses it released last week.
The winners
British-American Investments- Britam- (BRIT), Transcentury Limited (TCL), Car and General (Kenya) Limited (C&G), Centum Investment Company Limited (ICDC) and Kenya Electricity Generating Company - Kengen - (KEGN) are the companies whose share price had appreciated the most.
Market snapshot
As at 12.20 pm today.
Most shares traded
Kenya Reinsurance Corporation Limited (KNRE), Olympia Capital, Safaricom Limited (SCOM) , Equity Bank Limited (EQTY), and The Co-operative Bank of Kenya Limited (COOP) were the five most traded shares. Over 900,000 Olympia shares had been traded by noon today. The company usually has at most ten to fifteen thousand shares traded in a day.
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 Olympia capital one of the top loser and Britam the top gainer are given below.
