In today’s trading we shall be keen to note the performance of the following counters:

Kenya Airways: this week the airline is set to announce the results of their rights issue. This is bound to have an effect on the performance of the counter over the course of the week and we will observe to see whether the demand for the share will push the price upwards or expectations of dilution will push the share downwards.

Standard Chartered Bank: Last week the shareholders approved a KES 3 billion rights issue and this should have a bearing on the performance of the share. We will observe to see the effect of investor expectation on the share.

Uchumi Supermarkets: We continue watching the performance of the counter to see whether it will stabilise after the volatility observed last week. It closed on Thursday at KES 17.40 up from KES 17.10 the previous day.

Safaricom Limited: as at the close of business on Thursday the telecommunication company had traded 63 million shares. This is uncharacteristic of any counter at the NSE and in today’s trading we will be keen to observe whether as many Safaricom shares will exchange hands.