Stocks Watch

As at the close of business on Friday, the NSE All-share index had fallen, by 0.1% to close at 74.37. This is a market cap weighted index consisting of all the securities on the NSE. The Nse 20-share index on the other hand rose by 0.06% to close at 3,456.35 points a notch higher from its previous close of 3,454.34 points.

The Safaricom Limited share rose by 1.6% to close at Ksh 3.15 per share, its biggest gain since end March. Over the week Safaricom was consistently one of the most active counters at the NSE.

In the week ahead, the performance of the following shares is worth observing:

  • Scangroup; the company is expected to release it financial report for the period ended 31s December 2011. Last week the share rose to its nine month high of Ksh 53.50 per share. It is expected that the company will announce positive results and the anticipation and actualisation of the results may have an effect on the share price.
  • Kenya Airways; the company has issued a rights issue amid excitement about its expansion and growth plans. The issue gives shareholders the ability to purchase 16 new share for every 5 held. This offer is expires on 26th April 2012. It will be interesting to see how the share will perform during the week as the expiry date of the offer nears.
  • KenolKobil; this week fuel prices have increased across the board. It may be worthwhile to observe how the share of the country’s largest oil distributor performs in light of this increase.
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