The NSE 20 share index yesterday lost 0.043% to close at 3,626.07 points. 23.834 million shares exchanged hands with equity turnover of 1.273 billion and the bourse closing with a market capitalization of KES 1.002 trillion.
In today’s trading we are watching the following shares:
Kenya Airways: The company yesterday postponed the press announcement of the IPO results and all other items on the rights issue program have also been pushed forward by a week. The press announcement has been re-scheduled to to 6th June 2012. 92,700 shares were traded yesterday with the share price remaining at KES 14.85. With the issues surrounding the rights shares (that will increase the number of KQ shares available by 3 times), the Kenya Airways share will be on our watch list today.
Diamond Trust Bank: The DTK share yesterday appreciated KES 5.50 (5.7%) to close at KES 102. The share has been stable of late and the appreciation of the share price, buoyed by just 1,200 shares trading in two bids lands the DTK share in our watch list today.
Longhorn Kenya: The shares that have just started trading at the NSE opened KES 6 higher than they were sold for, closing the day at KES 20 with no shares being traded. The KES 6 opening of the shares marks a 43.86% appreciation in their value.
Scangroup Limited: The shares of Africa’s premier marketing services firm yesterday appreciated 7.84%, about KES 4, to make it into the list of top gainers and closing at KES 55. 1.012 million shares were traded in 50 bids and we will watch the share today, keeping an eye open for any interesting observations.