The Nairobi Securities Exchange yesterday closed with the NSE 20 share index down 9.81 points (0.27%) to close at 3,668.21 points from the previous day’s 3,678.02 points. The NSE all-share index closed 0.35 points down (0.44%) at 78.79 points from 79.14 points on Wednesday. The NSE stood at a market capitalization of KES 1.008 trillion with 15.795 million shares trading with an equity turnover of KES 280.14 billion.
The stocks we feel are worth watching in today’s trading include:
Uchumi Supermarkets Limited: Last week’s exceptional performance which has continued on into this week. On Monday the share rose to KES 18.50, on Tuesday it rose to KES 19.05 and closed at KES 19.35 on Wednesday. The share closed at KES 19.10, slipping 1.29% is yesterday’s trading. We feel the share is still worth watching. 2.197 million Uchumi shares were traded in yesterday’s session, underlying its recent improved trading at the NSE.
Carbacid Investments: The share yesterday rose 2.94% to settle at KES 104 from the previous day’s KES 102. The three shilling gain occurred with just 3,900 shares trading. The share traded with a high of KES 106 and a low of KES 103. We will observe it today to see if there will be some noteworthy activity.
EABL: The 52 two week high level of the share stood at KES 220, on Tuesday the share hit the KES 219 mark and stood unchanged on Wednesday. The share yesterday dropped KES 1 (0.46%) to close at KES 218 but we will observe the counter to see whether there will be renewed activity today and whether the activity will be as noteworthy as Tuesday’s and if a new 52-week high can be achieved.
Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
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