Yesterday the performance at the bourse dipped as both major indices recorded wanting results from the day’s trading. The 20-Share Index closed at 4152.11 and the All-share index followed suite closing at 92.913.
- East African Portland Cement – It is the smallest of the three listed building material makers on the Nairobi securities exchange. The share has been an a constant comeback since the end of last month without a single case of price decrease. The counter has for the past 2 days made long strides in its price increase having gone up by 9.87% and 8.98% on Friday and Monday respectively. Trading at increased prices of nearly 10% for 2 consecutive days should be enough to alert any active investor. It is now trading at KES 45.50 compared to KES 38 two trading days ago. We shall keep an eye on its price movement for the day.
- Eaagads – The company is primarily a coffee growing and selling institution whose parent holding company is Compagnie International De Culturers, Intercultures, S.A. Unlike the counter above, this counter has been spiralling downwards to settle at KES 26 from KES 55 a month ago without a single increase. The decrease over the past two days has been at 4.46% and 2.8% respectively. Enough to signal an exit for any investor with their hands dipped in the company. We shall be monitoring the share price movement for the day.