At the close of business yesterday the NSE All Share index had moved up 0.56 points (0.75%) to close at 75.49 points while the NSE 20-share index moved 20.85 points to close at 3489.24points (0.81%).
Safaricom Limited was yesterday’s biggest mover with 34.22 million shares being traded in the session and the share price increased 5cents to close at KES 3.25. 5.5 million Kenya Airways rights shares were bought in yesterday’s trading.
Stocks to watch today include:
- Mumias Sugar Limited: News of their new managing director is expected to affect how the share performs in today and tomorrow’s trading. The counter had 3.43 million shares traded yesterday.
- Kenya Airways: The share remains of interest with it trading at the rights price (KES 14), making the decision for many shareholders to exercise their rights trickier than would have been desired.
- Olympia Capital: The counter yesterday had an 8.7% gain on its share to close at KES 3.75. The day before, the share had a 8.69% increase to close at KES 3.45. Is this a fluke or is there something to see here? Stay tuned for some insights.
- Scangroup Limited: The market services company released its financial results boasting a 42% rise in profits (read that story here). This is sure to affect the share, with upward pressure on the stock expected.