At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,682.24 while the All-share index stood at 80.83. The total number of shares traded stood at 21.71 million in 1,603 deals. The equity turnover stood at KES 439.4 million.
In today’s trading we will be observing the following counters:
- Kenya Airways: yesterday the airline’s new rights shares were assimilated into the NSE. The new 1.03 billion shares are expected to dilute the share price. Over the last two trading sessions the counter has declined in anticipation of this and in response to the poor financial results the airline announced earlier this month. We will be observing this counter to see whether this is actually the case.
- KenolKobil: the suspension on the oil retailer was lifted earlier this week and the share reached its six year high soon after. However, the company released a profit warning yesterday indicating that the expected their annual profits to have fallen by at least 25%. This may have a bearing on the performance of this counter and we will be watching it to see the subsequent effect.