The Nairobi Securities Exchange closed last week on a high, highlighting the bumper week the stock market had. The NSE 20 share index closed 21.88 points up (0.59%) while the NSE all share index rose 0.18 points (0.23%) to end the week at 3,699.69 and 80.09 points respectively.
The counters to watch in today’s trading include:
KCB: The share of East Africa’s number one bank (in terms of profit and asset base) will be one to watch following the high trading activity the counter had last week and with the share register closing for the dividend payout closing today.
Limuru Tea Company – The NSE’s most expensive share gained the maximum 10% in Friday’s trading to close at KES 451. The share is relatively inactive and the share price increase is definitely noteworthy.
Eveready East Africa – The share of the battery maker lost 5.56% of its value to close the week at KES 1.70. Shareholders will take a keen interest to see if indeed their company can rebound from the lows or if there is worse to come.
Mumias Sugar Company – The share of the sugar producer has been very active for the last two-to-three weeks with the share featuring regularly as either a top gainer or a top loser in day trading. Shareholders and investors alike should keep their eyes opened on the counter of the undervalued stock today.