- ScanGroup – The advertising group has announced its 2012 half year results. Pre-tax profit has gained 11 percent to 578.4 million shillings from 520.9 million shillings in the same period last year while income is also up 9 percent to 404.6 million shillings from 371 million last year. The share closed yesterday at new high of KES 57.50 which was the share’s highest price since November 2010 according to Bloomberg data. In light of the improved earnings announcement, we will watch the share today to see if it tops yesterday’s high.
- Kenya Re-Insurance Corporation – We will maintain a close watch on the share today which climbed for a third consecutive day yesterday to close at KES 10.90 from KES 10.45 on Monday. Yesterday’s price was 10 cents shy of the share’s highest price this year just over KES 11.00 reached in May. The share could be reacting on news that the oldest re-insurer in East and Central Africa is positioning itself to provide re-insurance cover to the emerging oil and gas industry in East Africa (Business Daily). We will watch the share today to see if it tops the 11 shilling mark.
- Eaagads – Yesterday the share gained for a seventh consecutive day to close at its highest price of this year at KES 54.50 having climbed 3.81 percent. The share has been the highest gaining share at the NSE since the beginning of last week, adding 22 shillings to its price. Eaagads is a company engaged in the growing and selling of coffee. Today we will continue watching the share
