Stocks Watch

At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters:

  • Sasini – On Friday, the grower of tea and coffee announced a profit warning for the 2012 financial year ended September. Read more on this here. The share closed Friday at KES 12.00 after losing 2.44 percent. Late last month, the share hit its highest since November last year at KES 12.55 per share but has been on an overall decline since then. We will watch the counter’s performance in today’s trading in light of Friday’s profit warning announcement.
  • Safaricom – Safaricom shares closed Friday at their highest price of this year at KES 3.95 also recorded in the last week of July. From January to date, Safaricom shares have gained a total 34 percent on their price, helping to drive up the Kenyan Stock Market to its highest performance of the year measurable by the NSE 20 Share Index which reached a high of 3,878.52 points last month. We will watch the Safaricom counter in today’s trading to see if it gains further to a new high of the year.
  • Eaagads – For a third day on Friday the share rallied to become the highest gaining at the NSE similar to Thursday. It closed the day at KES 49.50 having climbed 10 percent in what was the share’s highest closing price since May last year according to Bloomberg data. Friday was the seventh consecutive day that the share had gained at the stock market. Eaagads Ltd is a Kenyan company that grows and sells coffee. We will watch the share in today’s trading to see if it climbs further to top last week’s closing high.
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