As at the close business yesterday, the NSE All share index had moved up by 0.25 points (0.33%) to close at 74.93 points while the NSE 20-Share index had risen by 0.5% to close at 3461.19 points.
Safaricom was the most active share in yesterday’s trading moving 9.2 million shares (see yesterday’s closing bell).
Stocks to watch in today’s trading include:
- Kenya Airways: The KQ share has managed to stay at KES 14, giving management hope of better uptake of the rights shares this week. There is also an ongoing court case over the company’s rights issue it will be interesting to see what effect, if any, this will have on the share price.
- Safaricom: With the Safaricom share being the most traded yesterday, we expect the share to continue trading in high numbers as investors anticipate the announcement of their 2011 annual results.
- Mumias Sugar Company: The company’s former MD Mr. Evans Kidero stepped down and the board of directors appointed Mr. Peter Kebati as the new Managing Director effective 1st July 2012. The share was yet to absorb the news of the appointment as at yesterday but we expect the share to react to the news from today onwards into the week.
- KenolKobil: With fuel prices increasing across the board by up to KES 7 per litre (read more on this here), the share performance of the country’s largest fuel retailer is expected to be affected.