Stocks Watch

At today’s NSE trading, we will be closely observing the following counters:

  • Marshalls East Africa Ltd – The motor vehicle company yesterday lost for the first time in more than three weeks closing 5 cents lower at KES 12.40 from KES 12.45 on Friday.
  • Eveready East Africa Ltd – The battery maker is set to incorporate two new subsidiaries according to an AGM notice available on the company’s website for the 45th Annual AGM to be held next month. Today’s Business Daily reports that the subsidiaries will ‘penetrate businesses that do not form part of its core business. The share yesterday closed with no change at KES 1.70.
  • Mumias Sugar Co. Ltd – The sugar manufacturer yesterday climbed to an eight month high, gaining 3.88 percent to close at KES 6.70 from KES 6.45 at last week’s close of trading. Investors in the company expect decent full year earnings and good dividend payout according to a Bloomberg report posted today.
  • Pan African Insurance Holdings – The share was a top loser yesterday losing KES 1.75 to close at KES 35.25
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