Stocks Watch – 20 June 2012

The Nairobi Securities Exchange yesterday closed with a market capitalization of KES 830.85 billion with 28.139 million shares traded in 1,245 deals. The NSE had an equity turnover of KES 395.85 million. The NSE 20 share index closed 19.12 points (0.52%) down to 3,663.11 points from 3,682.23 points. The NSE all share index closed 0.35 points (0.44%) up to 80.18 points from 79.83 points.

The shares we are watching in today's trading include:

Kenya Re: The counter was the biggest gainer in yesterday's trading, up 50 cents (4.78%) in the day to close at KES 10.95. There were 786,000 shares traded in 33 bids in the day. The share price has risen 90 cents (8.96%) in the last week already.

Pan Africa Insurance Holdings: The counter closed KES 1.25 (3.16%) up at KES 40.75 from KES 39.50. There were 91,900 shares traded in the session in 26 deals. The share has picked up performance lately and we will watch it to see if there's more to come. The last 3 months have seen the share price rise over 8% in value.

Limuru Tea Company: The share was in yesterday's top losers list. The KES 40 (8%) drop in the share value from KES 500 to KES 460 came with 200 shares trading in a single deal. While the share is not very active on a day-to-day basis, we will keep an eye on it, the KES 500 price it had reached last week being a 5 year high.

Standard Chartered Bank: The share yesterday rose KES 8 (4.37%) in trading to close at KES 191 from KES 183 the previous day. There were 6,200 shares trading in 11 deals. The share has picked up performance in the last month, up 6.7% since the last week of May 2012.

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