As at the close of trading on the NSE yesterday, the NSE 20-share index stood at 3,635.86 down from 3,653.29 the day before. The All-share index stood at 78.16 down from 78.21 the previous day. The number of shares traded also fell from 17.4 million on Tuesday to the 13.317 million recorded yesterday.
In today’s trading we will be observing the following counters:
- Crown Berger Limited: in yesterday’s trading the counter increased by 9.52% to close at KES 32.75 per share. Over the last few weeks the share has been consistently increasing in value. This is however one of the biggest jumps in price we have observed on this counter. We will continue observing this share to see how much longer the upward trend can continue.
- Kenya Airways: the national airline is set to announce the results of their rights issue today. 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.
- Scangroup: The share price of Africa’s biggest marketing services company Scangroup yesterday dropped an uncharacteristic 4.67% to close at KES 51 per share. This is in sharp contrast to the gradual rise we have been observing since 14th May. This fall may be attributed to investors selling the share upon satisfaction that they have made a substantial profit from it. We will continue to observe this share and perhaps hypothesize further on why its price has fallen.