Stocks Watch 30-4-2012

The shares to watch today include:

Kenya Airways: The Kenya Airways rights issue closed on Friday last week and it would be worthwhile to observe how the share performs in the aftermath of the issue.

Crown Berger: last week the share was consistently one of the highest gainers. It will be worthwhile to see how the counter performs today and whether this increase will continue this week.

Kenya Reinsurance Corporation: last week the company released its financial report for the period ended December 31st 2011 and announced a profit of KES 2.036 billion. This is 24% higher than the profit it reported over a similar period the previous year. It will be worthwhile to observe the effect this will have on the performance of the share.

Standard Chartered Bank: The bank announced that it is planning to have a rights issue to increase its authorised share capital (read more on that story here). Such an announcement will have a bearing on the share, with an increase in the share price.

EABL: Last week the company announced that a new Chief Executive has been appointed. Such news has a bearing on shareholder expectations and thus it would be interesting to see what effect this has, if any, on the performance of the share.

Housing Finance: Last week, the company released its first quarter financial results reporting an 11% increase in profits. It will be worthwhile to observe the effect this will have on the performance of the share

British-American Investments: As at the close of business on Friday the share registered the largest loss in value, it closed 6.80% lower than it had opened. It would be interesting to note its performance in today’s trading and see whether the drop in value was a one-off occurrence or whether it is the beginning of a trend.

 

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