The Nairobi Securities Exchange yesterday had 20.54 million shares trading with a turnover of KES 274.95 million. The NSE 20 share index was down 5.59 points (0.16%) to close at 3541.07 points from the previous trading session’s (Monday 30th April 2012) 3546.66 points. The NSE all-share index was however up a marginal 0.15 points (0.2%) closing at 77.06 from the previous session’s 76.91 points.
The stocks to watch in today’s trading are:
EABL: The company announced the appointment of a new CEO to replace Mr. Adetu who was promoted to head Guiness Nigeria PLC (read more on that here) in the Diageo Group. The share remains vulnerable to this major management change.
Kenya Airways: The Kenya Airways rights issue closed on Friday last week and it remains worthwhile to observe how the share performs in the aftermath of the issue. Only 79,700 shares were traded in yesterday’s session.
Standard Group Limited: The SGL share was yesterday’s biggest gainer up 9.52% to close at KES 23, up from the previous session’s closing price of KES 21.
Olympia Capital Holdings: The share of the manufacturing firm was up by 7.25% in yesterday’s trading, closing at KES 3.70 from the previous session’s 3.45 closing price.
Diamond Trust Bank: DTB’s share yesterday closed 4.19% up 4 shillings to close at KES 99.50 from the previous session’s price of KES 95.50.
Mumias Sugar Company: The sugar producer was up 1.92% in yesterday’s trading closing 10cents up at KES 5.30 from the previous sessions KES 5.20. The counter continues its remarkable increase in trading activity with 6.735 million shares trading in yesterday’s trading. Here’s what financial blogger had to say about the increased trading of the Mumias share:
@MrGarsh implementation of new projects have been slow at #MSC maybe the new CEO will move fast but the stock is undervalued.
— DAVIS MIKA (@mikada08) May 2, 2012