At the close of trading at the last week, the NSE 20 Share Index closed down 0.16% at 3,703.94 points from 3,709.84 points on Thursday, Bloomberg data showed. Meanwhile, the NSE All-Share index rose 0.77 points to close at 67.91 points on Friday up from 67.39 points on Thursday.
According to Bloomberg, the Nairobi stock exchange was the third best performing in the world as of last month owing to a strong rebound of the Kenya Shilling this year as inflation dropped to 12.2% from 19.7% in November.
In today’s trading at the NSE, we will be observing the following counters:
- National Bank of Kenya Ltd – The share could react from latest news that the NSSF will not influence the appointment of directors at the Bank in compliance with new CBK regulations that half of non-executive bank directors must be independent. The share closed last week’s trading at KES 19.20 compared to a high of over KES 22 in January this year.
- East African Breweries Ltd – The share rallied up last week to close at a 5-year high of KES 227 up 4 shillings from Thursday’s close of KES 223. Last month, EABL unveiled a new corporate look and media platforms to enhance stakeholder interaction according to information on the brewer’s website.
- Centum Investment Co Ltd – The share has been on a continuous decline since Tuesday last week losing 1 shilling to close at KES 12.75 on Friday from KES 13.75 on Tuesday. Last week, the CMA confirmed that the company will face a fine for failing to give a profit warning for its full year results announced last month.