As at the close business yesterday, the NSE All share index had moved up by 0.42% to close at 74.68 points. The NSE 20-Share index closed down 0.36% to close at 3443.94 points.
Kenya Commercial Bank was the most active share in yesterday’s trading moving 5.17 million shares (see yesterday’s closing bell).
Stocks to watch in today’s trading include:
- Express Limited: Express has downsized its workforce by at least 61 people (read more on the downsizing at Express here) and it will be interesting to see how the share reacts to this news.
- Kenya Airways: The KQ share has managed to stay at KES 14, giving management hope of better uptake of the rights shares this week.
- Safaricom: With the Safaricom share being one of the most traded in last week’s trading, we expect the share to continue trading in high numbers as we count down to their 2011 annual results announcement.
- Mumias Sugar Company: The company’s former MD Mr. Evans Kidero stepped down and the board of directors appointed Mr. Peter Kebati as the new Managing Director effective 1st July 2012. The share was yet to absorb the news of the appointment as at yesterday but we expect the share to react to the news from today onwards into the week.
- KenolKobil: With fuel prices increasing across the board by up to KES 7 per litre (read more on this here), the share performance of the country’s largest fuel retailer is expected to improve.